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Digimarc Corporation

Company price
7.72 USD 0.35 ( 4.75%)
Last update at 2026-11-06T21:26:00Z
VOLUME
121074
Market Cap
170.34M

Momentum Score

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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.

Source: TradingView
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Day Price Range
7.48
Low
7.91
High
52 Week Price Range
4.07
Low
14.64
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Digimarc develops digital watermarking and product-identification technologies that embed imperceptible identifiers in packaging, media and images, plus related software and services for brands and retailers. Long-term growth may be driven by demand for product digitization, anti-counterfeiting, supply-chain transparency and checkout automation, and the company appears positioned to monetize IP and licensing.
Key risks include slower adoption and execution challenges, competitive pressure from low-cost tagging alternatives such as QR codes, and potential revenue concentration or intellectual-property disputes.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
7.37
Dividend Yield
-
Revenue TTM
33.91M
Revenue Per Share
1.56
Gross Profit TTM
25.63M
Debt / Equity
0.13
ROE
-63.61%
Net Debt
-4.61M
ROCE
-74.75%
Diluted EPS TTM
-1.49

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -32.46M -38.97M -45.76M -59.70M -34.74M
Net income -32.31M -39.01M -45.96M -59.80M -34.76M
Selling general administrative 18.50M 17.07M 18.07M 18.95M 19.63M
Selling and marketing expenses 13.94M 21.17M 22.41M 29.72M 20.43M
Gross profit 18.21M 24.24M 20.16M 15.32M 17.74M
Reconciled depreciation 8.29M 7.59M 8.13M 8.58M 2.54M
Ebit -33.34M -40.76M -47.27M -59.63M -39.87M
Ebitda -25.05M -33.16M -39.15M -50.14M -42.42M
Depreciation and amortization 8.29M 7.59M 8.13M 9.49M -2.55M
Non operating income net other - - - 2.11M 5.12M
Operating income -33.34M -41.31M -48.21M -59.63M -39.87M
Other operating expenses 67.26M 79.72M 83.06M 89.83M 66.39M
Interest expense - - - 0.98M 10.22M
Tax provision 0.03M 0.04M 0.09M 0.10M 0.02M
Interest income 0.68M 1.82M 1.68M - -
Net interest income 0.68M 1.82M 1.68M - -
Income tax expense -0.15M 0.04M 0.20M 0.10M 0.02M
Total revenue 33.91M 38.42M 34.85M 30.20M 26.52M
Total operating expenses 51.56M 65.55M 68.37M 74.96M 57.61M
Cost of revenue 15.70M 14.18M 14.69M 14.87M 8.78M
Total other income expense net 0.88M 2.34M 2.45M -0.07M 5.12M
Net income from continuing ops -32.31M -39.01M -45.96M -59.80M -34.76M
Net income applicable to common shares - - - -59.80M -34.76M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 52.96M 75.77M 80.55M 113.78M 64.88M
Intangible assets 17.05M 22.19M 28.46M 33.17M 6.61M
Other current assets 1.96M 4.19M 4.08M 6.17M 2.32M
Total liab 12.73M 14.41M 18.62M 16.19M 9.50M
Total stockholder equity 40.23M 61.36M 61.93M 97.59M 55.38M
Other current liab 2.96M 5.12M 6.67M 5.99M 4.73M
Common stock 0.02M 0.02M 0.02M 0.02M 0.02M
Capital stock 0.07M 0.07M 0.07M 0.07M 0.07M
Retained earnings -383.09M -350.78M -311.77M -265.81M -206.01M
Other liab - - - 0.08M 0.75M
Good will 9.06M 8.53M 8.64M 8.23M 1.11M
Other assets - - - 1.13M 1.97M
Cash 9.82M 12.37M 21.46M 33.60M 13.79M
Total current liabilities 8.35M 9.14M 12.53M 10.13M 7.72M
Current deferred revenue 3.99M 4.02M 5.85M 4.14M 2.99M
Net debt -4.61M -6.37M -15.46M -27.62M -12.01M
Short term debt 0.90M 0.78M 0.58M - -
Short long term debt total 5.21M 5.99M 5.99M 5.98M 1.78M
Other stockholder equity 424.67M 415.05M 376.19M 367.69M 261.32M
Property plant equipment - - - 2.39M 2.88M
Total current assets 21.34M 39.33M 37.08M 64.14M 44.01M
Long term investments - - - 0.00M 8.29M
Net tangible assets - - - 97.54M 47.60M
Short term investments 3.05M 16.36M 5.73M 18.94M 19.54M
Net receivables 6.51M 6.41M 5.81M 5.43M 8.37M
Accounts payable 0.50M 4.34M 6.09M 5.99M 4.73M
Accumulated other comprehensive income -1.42M -2.98M -2.56M -4.36M -
Common stock total equity - - - 0.02M 0.02M
Preferred stock total equity - - - 0.05M 0.05M
Retained earnings total equity - - - -265.81M -206.01M
Non currrent assets other 1.18M 1.01M 0.79M 1.13M 1.97M
Non current assets total 31.62M 36.44M 43.47M 49.64M 20.86M
Capital lease obligations 5.21M 5.21M 5.99M 5.98M 1.78M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 13.32M -11.28M 12.56M 8.74M 29.55M
Change to liabilities - - - -3.86M 2.07M
Total cashflows from investing activities 12.10M -11.28M 12.56M 3.76M 25.98M
Net borrowings -0.03M -0.04M -0.04M -0.04M -0.04M
Total cash from financing activities -2.91M 28.77M -2.76M 60.50M -5.77M
Change to operating activities - - - -3.49M -0.87M
Net income -32.31M -39.01M -45.96M -59.80M -34.76M
Change in cash -2.54M -9.09M -12.14M 10.92M -36.11M
Begin period cash flow 12.37M 21.46M 33.60M 41.62M 77.73M
End period cash flow 9.82M 12.37M 21.46M 52.54M 41.62M
Total cash from operating activities -11.78M -26.57M -22.00M -44.41M -26.12M
Issuance of capital stock 0.00M 32.22M 0.00M 62.89M 0.00M
Depreciation 6.46M 7.59M 8.13M 8.58M 2.54M
Other cashflows from investing activities -0.65M -0.43M -0.43M -4.04M -2.00M
Dividends paid - - - -0.04M -
Change to inventory - - 2.46M - -2.08M
Change to account receivables -0.72M -0.69M -0.34M 2.23M -2.65M
Sale purchase of stock -2.88M -3.42M -2.72M -2.36M -5.77M
Other cashflows from financing activities -2.91M 28.77M 12.56M 0.04M 25.98M
Change to netincome - - - 11.38M 7.55M
Capital expenditures 0.57M 0.21M 0.74M 1.47M 1.57M
Change receivables - - - 2.23M -2.65M
Cash flows other operating - - - 4.26M -4.09M
Cash and cash equivalents changes - - - 19.85M -5.91M
Change in working capital -0.29M -5.20M 4.41M -5.48M -1.45M
Stock based compensation 11.97M 10.03M 11.16M 11.29M 11.94M
Other non cash items 2.39M 0.02M 0.27M 1.00M -4.38M
Free cash flow -12.35M -26.78M -22.73M -45.88M -27.69M

Peer Comparison*

Sector: Technology Industry: Software - Application

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
DMRC
Digimarc Corporation
0.35
4.75%
7.72 - 43.48 5.02 4.26 4.82 50.91
SAP
SAP SE ADR
-10.08
4.14%
233.45 28.16 22.42 6.52 4.85 5.60 16.61
CRM
Salesforce Inc
-8.76
3.94%
213.65 23.41 15.55 4.79 5.56 5.55 14.88
SAPGF
SAP SE
-7.43
3.09%
233.00 76.28 22.88 5.61 3.84 5.59 26.18
SHOP
Shopify Inc
5.16
3.59%
148.91 90.18 53.19 12.70 13.17 12.23 67.86

Profile*

Digimarc Corporation

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.

8500 SW Creekside Place, Beaverton, OR, United States, 97008

503 469 4800

110

Name Title Year Born
Mr. Riley Young McCormack CEO, Pres & Director 1976
Mr. Charles Beck Exec. VP, CFO & Treasurer 1978
Mr. Tony Rodriguez Exec. VP & CTO 1969
Mr. Joel Meyer Exec. VP, Chief Legal Officer, Compliance Officer & Corp. Sec. 1967
Ms. Lucy Oulton VP of Operations NA
Ms. Mignon Senuta M.B.A. VP of ESG Engagement & Corp. Communications NA
Ms. Jennah Jevning VP of Marketing NA
Ms. Jill Elliott SPHR Exec. VP & Chief People Officer NA
Mr. Ken Sickles Exec. VP & Chief Product Officer NA
Mr. Niall Murphy Exec. VP & Chief Bus. Devel. Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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