Digimarc Corporation (DMRC) Income Statement
DMRC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDMRC revenue and net income
Where DMRC's revenue goes
2025Each bar shows an amount and its share of revenue. DMRC kept −95.3% of revenue as net income.
DMRC profit margins
DMRC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.7% | +3.9% | +7.2% | +4.3% |
| Gross profit | −24.9% | +5.9% | +2.6% | +3.2% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DMRC quarterly EPS vs estimates
Digimarc beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: October 29, 2026 (estimate $-0.13).
DMRC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.9M | $38.4M | $34.9M | $30.2M | $26.5M | $24.0M | $23.0M | $21.2M | $25.2M | $21.8M |
| Cost of revenue | $15.7M | $14.2M | $14.7M | $14.9M | $8.8M | $7.9M | $8.0M | $8.4M | $8.6M | $8.5M |
| Gross profit | $18.2M | $24.2M | $20.2M | $15.3M | $17.7M | $16.1M | $15.0M | $12.8M | $16.7M | $13.3M |
| Research & development | $20.5M | $26.2M | $26.6M | $26.5M | $17.5M | $17.3M | $18.0M | $17.3M | $16.9M | $15.0M |
| Sales, general & admin | $18.5M | $38.2M | $40.5M | $48.7M | $32.6M | $31.6M | $30.7M | $29.0M | $26.3M | $20.2M |
| Total operating expenses | $51.6M | $65.5M | $68.4M | $77.1M | $57.6M | $48.9M | $48.7M | $46.3M | $43.2M | $35.2M |
| Operating income | −$33.3M | −$41.3M | −$48.2M | −$61.8M | −$39.9M | −$32.8M | −$33.7M | −$33.5M | −$26.6M | −$21.9M |
| Interest income | $681,000 | $1.8M | $1.7M | $744,000 | — | — | — | — | — | — |
| Interest expense | — | — | — | $982,000 | $10.2M | $277,000 | $912,000 | $0 | $0 | $0 |
| Income before taxes | −$32.5M | −$39.0M | −$45.8M | −$59.7M | −$34.7M | −$32.5M | −$32.8M | −$32.5M | −$26.0M | −$21.7M |
| Income taxes | −$151,000 | $44,000 | $204,000 | $97,000 | $16,000 | $1,000 | $21,000 | $39,000 | −$206,000 | $10,000 |
| Net income | −$32.3M | −$39.0M | −$46.0M | −$59.8M | −$34.8M | −$32.5M | −$32.8M | −$32.5M | −$25.8M | −$21.7M |
| EBITDA | −$24.2M | −$33.2M | −$39.1M | −$51.1M | −$29.9M | −$30.0M | −$31.5M | −$31.5M | −$24.1M | −$19.2M |
| EPS (diluted) | −$0.56 | −$1.01 | −$1.31 | −$2.04 | −$1.96 | −$2.55 | −$2.80 | −$2.86 | −$2.44 | −$2.38 |
| Gross margin | 53.7% | 63.1% | 57.9% | 50.7% | 66.9% | 66.9% | 65.0% | 60.2% | 66.1% | 61.0% |
| Operating margin | −98.3% | −107.5% | −138.3% | −204.7% | −150.3% | −136.8% | −146.7% | −158.2% | −105.4% | −100.6% |
| Net margin | −95.3% | −101.5% | −131.9% | −198.0% | −131.1% | −135.6% | −142.9% | −153.4% | −102.2% | −99.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $7.6M | $8.9M | $7.6M | $8.0M | $9.4M | $8.7M | $9.4M | $10.4M | $9.9M | $9.3M | $9.0M |
| Cost of revenue | $3.7M | $3.3M | $3.2M | $3.2M | $3.3M | $3.3M | $3.4M | $3.5M | $3.5M | $3.7M | $3.9M | $3.8M |
| Gross profit | $3.6M | $4.2M | $5.7M | $4.4M | $4.7M | $6.1M | $5.3M | $5.9M | $6.9M | $6.2M | $5.4M | $5.2M |
| Research & development | $3.7M | $3.7M | $4.0M | $4.3M | $4.5M | $7.6M | $6.3M | $6.5M | $6.6M | $6.7M | $6.3M | $6.3M |
| Sales, general & admin | $10.3M | $7.6M | $5.7M | $5.4M | $8.3M | $10.3M | $7.8M | $10.5M | $9.9M | $10.1M | $10.3M | $9.8M |
| Total operating expenses | $16.0M | $11.4M | $9.9M | $12.0M | $13.1M | $18.2M | $14.4M | $17.3M | $16.8M | $17.1M | $16.4M | $16.4M |
| Operating income | −$12.4M | −$7.1M | −$4.3M | −$7.5M | −$8.4M | −$12.1M | −$9.1M | −$11.4M | −$10.0M | −$10.9M | −$11.0M | −$11.2M |
| Interest income | — | $101,000 | $114,000 | $135,000 | — | $254,000 | — | $486,000 | — | — | — | — |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $449,000 | — |
| Income before taxes | −$12.2M | −$7.0M | −$4.2M | −$8.1M | −$8.2M | −$11.7M | −$8.6M | −$10.8M | −$9.3M | −$10.3M | −$10.4M | −$10.7M |
| Income taxes | −$25,000 | $1,000 | $2,000 | $5,000 | $4,000 | $20,000 | $22,000 | $2,000 | $11,000 | $9,000 | $139,000 | $45,000 |
| Net income | −$12.1M | −$7.0M | −$4.2M | −$8.2M | −$8.2M | −$11.7M | −$8.6M | −$10.8M | −$9.3M | −$10.3M | −$10.6M | −$10.7M |
| EBITDA | −$10.3M | −$4.9M | −$2.0M | −$6.0M | −$6.0M | −$9.9M | −$6.8M | −$8.8M | −$7.4M | −$8.4M | −$8.0M | −$8.6M |
| EPS (diluted) | −$0.44 | −$0.32 | $0.05 | −$0.10 | −$0.11 | −$0.40 | −$0.22 | −$0.29 | −$0.23 | −$0.27 | −$0.28 | −$0.29 |
| Gross margin | 49.3% | 56.0% | 63.5% | 58.3% | 58.8% | 65.0% | 60.8% | 62.4% | 66.1% | 62.5% | 58.4% | 58.1% |
| Operating margin | −167.6% | −94.2% | −47.8% | −98.6% | −105.2% | −128.9% | −105.1% | −120.4% | −96.2% | −109.2% | −118.7% | −124.0% |
| Net margin | −164.0% | −91.9% | −47.2% | −106.9% | −102.6% | −125.2% | −99.9% | −113.9% | −89.3% | −104.0% | −113.9% | −119.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DMRC's financial statements (latest annual report filed March 11, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DMRC financial results
In fiscal year 2025 (ended December 31, 2025), Digimarc reported revenue of $33.9 million, down 11.7% from the year before. It had a net loss of $32.3 million, a net profit margin of −95.3%. Diluted earnings per share came to −$0.56. Over five years revenue grew at an average rate of 7.2% a year.
See the DMRC stock overview for the latest quote and news, or the DMRC chart for price history and technical indicators.
DMRC income statement FAQ
What is Digimarc's annual revenue?
Digimarc reported total revenue of $33.9 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.7% from $38.4 million the previous year.
Is Digimarc profitable?
No. Digimarc reported a net loss of $32.3 million in fiscal 2025, a net profit margin of −95.3%; its operating margin was −98.3%.
What is Digimarc's gross margin?
Digimarc's gross margin was 53.7% in fiscal 2025: for every $100 of revenue, Digimarc kept $54 after the direct cost of its products and services.
How much does Digimarc spend on research and development?
Digimarc spent $20.5 million on research and development in fiscal 2025, 60.4% of revenue.
How fast is Digimarc growing?
Revenue grew 7.2% a year on average over the last five fiscal years, from $24.0 million to $33.9 million.
What are Digimarc's earnings per share?
Digimarc earned $-0.56 per diluted share in fiscal 2025, compared with $-1.01 a year earlier.
When will Digimarc report its next earnings?
Digimarc is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Digimarc's fiscal year end?
Digimarc's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 11, 2026.