Symbols / DMRC Stock $9.80 -0.31% Digimarc Corporation

Technology • Software - Application • United States • NMS
DMRC (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Riley Young McCormack
Exch · Country NMS · United States
Market Cap 217.97M
Enterprise Value 212.25M
Income -27.55M
Sales 32.12M
FCF (ttm) 3.38M
Book/sh 1.54
Cash/sh 0.45
Employees 110
Insider 10d —
IPO Dec 02, 1999
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -28.82
PEG 0.52
P/S 6.79
P/B 6.36
P/C —
EV/EBITDA -12.57
EV/Sales 6.61
Quick Ratio 1.67
Current Ratio 1.86
Debt/Eq 14.69
LT Debt/Eq —
EPS (ttm) -1.26
EPS next Y -0.34
EPS Growth —
Revenue Growth -19.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-12
Earnings (prior) 2026-05-12
ROA -27.16%
ROE -65.52%
ROIC —
Gross Margin 75.21%
Oper. Margin -94.16%
Profit Margin -85.75%
Shs Outstand 22.24M
Shs Float 14.05M
Insider Own 29.23%
Instit Own 62.58%
Short Float 30.68%
Short Ratio 14.60
Short Interest 2.76M
52W High 14.64
vs 52W High -33.06%
52W Low 4.07
vs 52W Low 140.79%
Beta 1.88
Impl. Vol. 2.30%
Rel Volume 1.03
Avg Volume 237.58K
Volume 244.89K
Target (mean) $11.50
Tgt Median $11.50
Tgt Low $8.00
Tgt High $15.00
# Analysts 2
Recom Buy
Prev Close $9.83
Price $9.80
Change -0.31%
About

Digimarc Corporation provides product digitization solutions in the United States and internationally. The company offers software subscriptions and software development services. It also provides physical digimarc solutions for anti-counterfeiting, counterfeiting deterrence, product swap prevention, recycling, and secure gift cards; and digital digimarc solutions for internal compliance, leak detection, piracy prevention, provenance and authenticity, and royalty monitoring. In addition, the company offers commercial solutions which runs on the Illuminate platform, a software as a service cloud-based platform for digital connectivity. The company serves retail, CPG, media and technology, pharmaceutical, health and wellness, apparel, and automotive industries, as well as central banks and other government customers. Digimarc Corporation was incorporated in 2008 and is headquartered in Beaverton, Oregon.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.50
Mean price target
2. Current target
$9.80
Latest analyst target
3. DCF / Fair value
$2.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.80
Low
$8.00
High
$15.00
Mean
$11.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-14 main Needham Buy → Buy $15
2026-03-16 main Needham Buy → Buy $10
2025-10-31 main Needham Buy → Buy $20
2025-02-27 main Needham Buy → Buy $30
2024-11-15 reit Needham Buy → Buy $40
2024-08-14 reit Needham Buy → Buy $40
2024-06-24 up Needham Hold → Buy $40
2024-05-06 reit Needham — → Hold —
2024-05-03 main Craig-Hallum Hold → Hold $28
2023-05-11 main Craig-Hallum — → Hold $25
2019-09-12 init Northland Capital Markets — → Outperform $55
2019-05-30 down Needham Buy → Hold —
2019-05-30 down B. Riley Securities Buy → Neutral $58
2019-05-02 up Craig-Hallum Hold → Buy —
2017-07-07 down Craig-Hallum Buy → Hold —
2016-09-09 init Needham — → Buy —
2016-06-17 init Craig-Hallum — → Buy $48
2014-05-09 init Imperial Capital — → Outperform $37
2014-04-16 init Vertical Research — → Buy $43
News
RSS: Latest DMRC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-30 CHESTON SHEILA C Director — 13,643 $7.33 $100,003
2026-04-30 BAJAJ RISHI Director and Beneficial Owner of more than 10% of a Class of Security — 13,643 $7.33 $100,003
2026-04-30 DADLANI SANDEEP Director — 13,643 $7.33 $100,003
2026-04-30 KOOL KATHLEEN Director — 13,643 $7.33 $100,003
2026-04-30 ANDERSON-WILLIAMS LASHONDA Director — 13,643 $7.33 $100,003
2026-04-30 PARK MICHAEL Director — 13,643 $7.33 $100,003
2026-04-30 MCILWAIN DANA Director — 13,643 $7.33 $100,003
2026-04-01 DADLANI SANDEEP Director — 2,545 $4.91 $12,496
2026-04-01 ANDERSON-WILLIAMS LASHONDA Director — 1,654 $4.91 $8,121
2026-04-01 PARK MICHAEL Director — 1,272 $4.91 $6,246
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
33.91
-11.73%
38.42
+10.24%
34.85
+15.41%
30.20
Operating Revenue
33.91
-11.73%
38.42
+10.24%
34.85
+15.41%
30.20
Cost Of Revenue
13.02
-8.20%
14.18
-3.45%
14.69
-1.26%
14.87
Reconciled Cost Of Revenue
5.86
-23.72%
7.68
+0.76%
7.62
+3.59%
7.36
Gross Profit
20.90
-13.79%
24.24
+20.20%
20.16
+31.60%
15.32
Operating Expense
53.88
-17.11%
65.00
-3.62%
67.44
-10.03%
74.96
Research And Development
20.48
-21.85%
26.21
-1.38%
26.58
+0.33%
26.49
Selling General And Administration
32.44
-15.16%
38.24
-5.53%
40.48
-16.82%
48.66
Selling And Marketing Expense
13.94
-34.15%
21.17
-5.54%
22.41
-24.59%
29.72
General And Administrative Expense
18.50
+8.39%
17.07
-5.52%
18.07
-4.61%
18.95
Other Gand A
18.50
+8.39%
17.07
-5.52%
18.07
-4.61%
18.95
Other Operating Expenses
—
—
—
-1.26
Total Expenses
66.89
-15.51%
79.17
-3.59%
82.12
-8.58%
89.83
Operating Income
-32.98
+19.08%
-40.76
+13.78%
-47.27
+20.73%
-59.63
Total Operating Income As Reported
-33.16
+19.72%
-41.31
+14.31%
-48.21
+22.01%
-61.81
EBITDA
-24.69
+25.55%
-33.16
+15.28%
-39.15
+23.33%
-51.05
Normalized EBITDA
-24.71
+25.42%
-33.13
+15.02%
-38.99
+22.37%
-50.23
Reconciled Depreciation
8.29
+9.15%
7.59
-6.56%
8.13
-5.26%
8.58
EBIT
-32.98
+19.08%
-40.76
+13.78%
-47.27
+20.73%
-59.63
Total Unusual Items
0.02
+177.78%
-0.03
+82.47%
-0.15
+81.42%
-0.83
Total Unusual Items Excluding Goodwill
0.02
+177.78%
-0.03
+82.47%
-0.15
+81.42%
-0.83
Special Income Charges
—
0.00
+100.00%
-0.25
+72.68%
-0.92
Other Special Charges
—
—
—
—
Impairment Of Capital Assets
—
0.00
-100.00%
0.25
-72.68%
0.92
Net Income
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Pretax Income
-32.28
+17.16%
-38.97
+14.84%
-45.76
+23.36%
-59.70
Net Non Operating Interest Income Expense
0.68
-62.54%
1.82
+8.21%
1.68
+125.81%
0.74
Net Interest Income
0.68
-62.54%
1.82
+8.21%
1.68
+125.81%
0.74
Interest Income Non Operating
0.68
-62.54%
1.82
+8.21%
1.68
+125.81%
0.74
Interest Income
0.68
-62.54%
1.82
+8.21%
1.68
+125.81%
0.74
Other Income Expense
0.02
+177.78%
-0.03
+83.33%
-0.16
+80.02%
-0.81
Other Non Operating Income Expenses
—
—
-0.01
-144.44%
0.02
Gain On Sale Of Security
0.02
+177.78%
-0.03
-128.13%
0.10
+11.63%
0.09
Tax Provision
0.03
-29.55%
0.04
-78.43%
0.20
+110.31%
0.10
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Net Income From Continuing Operation Net Minority Interest
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Net Income From Continuing And Discontinued Operation
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Net Income Continuous Operations
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Normalized Income
-32.33
+17.07%
-38.98
+14.89%
-45.80
+22.32%
-58.97
Net Income Common Stockholders
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Otherunder Preferred Stock Dividend
—
—
—
—
Diluted EPS
-1.49
+18.58%
-1.83
+19.03%
-2.26
+27.56%
-3.12
Basic EPS
-1.49
+18.58%
-1.83
+19.03%
-2.26
+27.56%
-3.12
Basic Average Shares
21.66
+1.89%
21.26
+4.62%
20.32
+6.18%
19.14
Diluted Average Shares
21.66
+1.89%
21.26
+4.62%
20.32
+6.18%
19.14
Diluted NI Availto Com Stockholders
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Amortization
1.13
+3.19%
1.10
+3.00%
1.06
+0.09%
1.06
Amortization Of Intangibles Income Statement
1.13
+3.19%
1.10
+3.00%
1.06
+0.09%
1.06
Depreciation Amortization Depletion Income Statement
1.13
+3.19%
1.10
+3.00%
1.06
+0.09%
1.06
Depreciation And Amortization In Income Statement
1.13
+3.19%
1.10
+3.00%
1.06
+0.09%
1.06
Other Taxes
-0.18
+66.91%
-0.55
+19.59%
-0.68
+45.71%
-1.26
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
52.96
-30.10%
75.77
-5.94%
80.55
-29.20%
113.78
Current Assets
21.34
-45.74%
39.33
+6.07%
37.08
-42.19%
64.14
Cash Cash Equivalents And Short Term Investments
12.87
-55.22%
28.73
+5.69%
27.18
-48.27%
52.54
Cash And Cash Equivalents
9.82
-20.58%
12.37
-42.37%
21.46
-36.14%
33.60
Other Short Term Investments
3.05
-81.39%
16.36
+185.80%
5.73
-69.77%
18.94
Receivables
6.51
+1.58%
6.41
+10.30%
5.81
+7.11%
5.43
Accounts Receivable
6.51
+1.58%
6.41
+10.30%
5.81
+7.11%
5.43
Gross Accounts Receivable
7.27
+10.79%
6.56
+10.36%
5.95
+7.33%
5.54
Allowance For Doubtful Accounts Receivable
-0.76
-401.99%
-0.15
-12.69%
-0.13
-17.54%
-0.11
Loans Receivable
—
—
—
0.00
Other Current Assets
1.96
-53.19%
4.19
+2.55%
4.08
-33.81%
6.17
Total Non Current Assets
31.62
-13.22%
36.44
-16.19%
43.47
-12.42%
49.64
Net PPE
4.34
-7.60%
4.70
-15.89%
5.59
-21.42%
7.11
Gross PPE
12.21
+2.03%
11.97
-21.69%
15.28
-18.39%
18.73
Accumulated Depreciation
-7.87
-8.26%
-7.27
+25.03%
-9.70
+16.54%
-11.62
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
3.24
-11.51%
3.66
-8.91%
4.02
-14.89%
4.72
Machinery Furniture Equipment
6.12
+10.56%
5.54
-20.10%
6.93
-5.82%
7.36
Other Properties
2.62
+2.14%
2.57
+3.80%
2.47
-48.34%
4.79
Leases
0.23
+11.82%
0.20
-89.09%
1.86
+0.00%
1.86
Goodwill And Other Intangible Assets
26.10
-15.04%
30.72
-17.19%
37.10
-10.39%
41.40
Goodwill
9.06
+6.14%
8.53
-1.26%
8.64
+5.01%
8.23
Other Intangible Assets
17.05
-23.19%
22.19
-22.02%
28.46
-14.21%
33.17
Investments And Advances
—
—
—
0.00
Other Non Current Assets
1.18
+15.99%
1.01
+28.88%
0.79
-30.26%
1.13
Total Liabilities Net Minority Interest
12.73
-11.65%
14.41
-22.65%
18.62
+15.06%
16.19
Current Liabilities
8.35
-8.60%
9.14
-27.04%
12.53
+23.59%
10.13
Payables And Accrued Expenses
3.46
-20.22%
4.34
-35.00%
6.67
+11.40%
5.99
Payables
0.50
-60.40%
1.26
—
—
Accounts Payable
0.50
-60.40%
1.26
—
—
Current Accrued Expenses
2.96
-3.68%
3.07
—
—
Current Debt And Capital Lease Obligation
0.90
+15.11%
0.78
—
—
Current Capital Lease Obligation
0.90
+15.11%
0.78
—
—
Current Deferred Liabilities
3.99
-0.67%
4.02
-31.32%
5.85
+41.21%
4.14
Current Deferred Revenue
3.99
-0.67%
4.02
-31.32%
5.85
+41.21%
4.14
Total Non Current Liabilities Net Minority Interest
4.38
-16.93%
5.27
-13.62%
6.10
+0.78%
6.05
Long Term Debt And Capital Lease Obligation
4.31
-17.25%
5.21
-13.03%
5.99
+0.28%
5.98
Long Term Capital Lease Obligation
4.31
-17.25%
5.21
-13.03%
5.99
+0.28%
5.98
Other Non Current Liabilities
0.06
+12.50%
0.06
-47.17%
0.11
+39.47%
0.08
Stockholders Equity
40.23
-34.44%
61.36
-0.92%
61.93
-36.54%
97.59
Common Stock Equity
40.18
-34.46%
61.31
-0.92%
61.88
-36.56%
97.54
Capital Stock
0.07
+1.41%
0.07
+1.43%
0.07
+0.00%
0.07
Common Stock
0.02
+4.76%
0.02
+5.00%
0.02
+0.00%
0.02
Preferred Stock
0.05
+0.00%
0.05
+0.00%
0.05
+0.00%
0.05
Share Issued
21.90
+1.89%
21.50
+5.48%
20.38
+0.59%
20.26
Ordinary Shares Number
21.90
+1.89%
21.50
+5.48%
20.38
+0.59%
20.26
Additional Paid In Capital
424.67
+2.32%
415.05
+10.33%
376.19
+2.31%
367.69
Retained Earnings
-383.09
-9.21%
-350.78
-12.51%
-311.77
-17.29%
-265.81
Gains Losses Not Affecting Retained Earnings
-1.42
+52.36%
-2.98
-16.34%
-2.56
+41.23%
-4.36
Other Equity Adjustments
-1.42
+52.36%
-2.98
-16.34%
-2.56
+41.23%
-4.36
Total Equity Gross Minority Interest
40.23
-34.44%
61.36
-0.92%
61.93
-36.54%
97.59
Total Capitalization
40.23
-34.44%
61.36
-0.92%
61.93
-36.54%
97.59
Working Capital
12.99
-56.98%
30.19
+22.96%
24.55
-54.53%
54.01
Invested Capital
40.18
-34.46%
61.31
-0.92%
61.88
-36.56%
97.54
Total Debt
5.21
-13.03%
5.99
+0.00%
5.99
+0.28%
5.98
Capital Lease Obligations
5.21
-13.03%
5.99
+0.00%
5.99
+0.28%
5.98
Net Tangible Assets
14.13
-53.88%
30.64
+23.39%
24.83
-55.81%
56.19
Tangible Book Value
14.08
-53.97%
30.59
+23.44%
24.78
-55.86%
56.14
Available For Sale Securities
—
—
—
—
Held To Maturity Securities
—
—
—
—
Investmentin Financial Assets
—
—
—
0.00
Preferred Shares Number
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Preferred Stock Equity
0.05
+0.00%
0.05
+0.00%
0.05
+0.00%
0.05
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-11.78
+55.67%
-26.57
-20.81%
-22.00
+50.47%
-44.41
Cash Flow From Continuing Operating Activities
-11.78
+55.67%
-26.57
-20.81%
-22.00
+50.47%
-44.41
Net Income From Continuing Operations
-32.31
+17.18%
-39.01
+15.12%
-45.96
+23.14%
-59.80
Depreciation Amortization Depletion
8.29
+9.15%
7.59
-6.56%
8.13
-5.26%
8.58
Depreciation
1.02
-6.26%
1.09
-33.70%
1.64
-29.91%
2.34
Amortization Cash Flow
7.27
+11.72%
6.51
+0.29%
6.49
+3.97%
6.24
Depreciation And Amortization
8.29
+9.15%
7.59
-6.56%
8.13
-5.26%
8.58
Amortization Of Intangibles
7.27
+11.72%
6.51
+0.29%
6.49
+3.97%
6.24
Stock Based Compensation
11.97
+19.31%
10.03
-10.12%
11.16
-1.16%
11.29
Provisionand Write Offof Assets
0.57
+3235.29%
0.02
-15.00%
0.02
-77.53%
0.09
Asset Impairment Charge
—
0.00
-100.00%
0.25
-72.68%
0.92
Operating Gains Losses
—
—
—
—
Change In Working Capital
-0.29
+94.37%
-5.20
-218.04%
4.41
+180.41%
-5.48
Change In Receivables
-0.72
-4.51%
-0.69
-105.07%
-0.34
-115.01%
2.23
Changes In Account Receivables
-0.72
-4.51%
-0.69
-105.07%
-0.34
-115.01%
2.23
Change In Payables And Accrued Expense
-0.43
+73.01%
-1.61
-343.64%
0.66
+117.12%
-3.86
Change In Other Working Capital
0.03
+101.52%
-1.84
-212.97%
1.63
+538.54%
-0.37
Change In Other Current Assets
1.69
+696.48%
-0.28
-111.36%
2.50
+201.88%
-2.45
Change In Other Current Liabilities
-0.86
-9.80%
-0.79
-1727.91%
-0.04
+95.84%
-1.03
Investing Cash Flow
12.10
+207.21%
-11.28
-189.82%
12.56
+234.34%
3.76
Cash Flow From Continuing Investing Activities
12.10
+207.21%
-11.28
-189.82%
12.56
+234.34%
3.76
Net PPE Purchase And Sale
-0.57
-168.87%
-0.21
+32.48%
-0.31
+66.38%
-0.93
Purchase Of PPE
-0.57
-168.87%
-0.21
+32.48%
-0.31
+66.38%
-0.93
Capital Expenditure
-1.22
-90.36%
-0.64
+13.11%
-0.74
+49.56%
-1.47
Capital Expenditure Reported
-0.65
-51.74%
-0.43
-1.17%
-0.43
+20.08%
-0.53
Net Investment Purchase And Sale
13.32
+225.19%
-10.64
-179.99%
13.30
+52.26%
8.74
Purchase Of Investment
-6.88
+79.28%
-33.19
-131.11%
-14.36
-13.19%
-12.69
Sale Of Investment
20.20
-10.45%
22.55
-18.47%
27.66
+29.12%
21.43
Net Business Purchase And Sale
—
—
0.00
+100.00%
-3.51
Purchase Of Business
—
—
0.00
+100.00%
-3.51
Net Intangibles Purchase And Sale
—
—
—
—
Purchase Of Intangibles
—
—
—
—
Net Other Investing Changes
—
—
—
—
Financing Cash Flow
-2.91
-110.12%
28.77
+1142.21%
-2.76
-104.56%
60.50
Cash Flow From Continuing Financing Activities
-2.91
-110.12%
28.77
+1142.21%
-2.76
-104.56%
60.50
Net Issuance Payments Of Debt
-0.03
+13.51%
-0.04
-2.78%
-0.04
-2.86%
-0.04
Issuance Of Debt
—
—
—
—
Repayment Of Debt
-0.03
+13.51%
-0.04
-2.78%
-0.04
-2.86%
-0.04
Long Term Debt Issuance
—
—
—
—
Long Term Debt Payments
-0.03
+13.51%
-0.04
-2.78%
-0.04
-2.86%
-0.04
Net Long Term Debt Issuance
-0.03
+13.51%
-0.04
-2.78%
-0.04
-2.86%
-0.04
Net Common Stock Issuance
-2.88
-110.00%
28.80
+1157.34%
-2.72
-104.50%
60.53
Common Stock Payments
-2.88
+15.72%
-3.42
-25.40%
-2.72
-15.62%
-2.36
Repurchase Of Capital Stock
-2.88
+15.72%
-3.42
-25.40%
-2.72
-15.62%
-2.36
Proceeds From Stock Option Exercised
—
—
—
—
Changes In Cash
-2.60
+71.45%
-9.09
+25.46%
-12.19
-161.44%
19.85
Effect Of Exchange Rate Changes
0.05
+2600.00%
-0.00
-103.85%
0.05
+233.33%
-0.04
Beginning Cash Position
12.37
-42.37%
21.46
-36.14%
33.60
+143.66%
13.79
End Cash Position
9.82
-20.58%
12.37
-42.37%
21.46
-36.14%
33.60
Free Cash Flow
-13.00
+52.22%
-27.21
-19.71%
-22.73
+50.44%
-45.88
Income Tax Paid Supplemental Data
0.04
-28.57%
0.06
-72.96%
0.23
+281.97%
0.06
Amortization Of Securities
—
—
—
0.00
Common Stock Issuance
0.00
-100.00%
32.22
0.00
-100.00%
62.89
Issuance Of Capital Stock
0.00
-100.00%
32.22
0.00
-100.00%
62.89
Net Preferred Stock Issuance
—
—
—
—
Preferred Stock Issuance
—
—
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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