DIGIMARC CORP (DMRC) Fundamental Analysis & Valuation

NASDAQ:DMRC • US25381B1017

5.34 USD
+0.34 (+6.8%)
At close: Mar 6, 2026
5.29 USD
-0.05 (-0.94%)
After Hours: 3/6/2026, 8:12:34 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This DMRC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to DMRC. DMRC was compared to 277 industry peers in the Software industry. The financial health of DMRC is average, but there are quite some concerns on its profitability. DMRC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

0

1. DMRC Profitability Analysis

1.1 Basic Checks

  • DMRC had negative earnings in the past year.
  • In the past year DMRC has reported a negative cash flow from operations.
  • In the past 5 years DMRC always reported negative net income.
  • In the past 5 years DMRC always reported negative operating cash flow.
DMRC Yearly Net Income VS EBIT VS OCF VS FCFDMRC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20M -40M -60M

1.2 Ratios

  • The Return On Assets of DMRC (-66.29%) is worse than 87.73% of its industry peers.
  • Looking at the Return On Equity, with a value of -88.80%, DMRC is doing worse than 76.17% of the companies in the same industry.
Industry RankSector Rank
ROA -66.29%
ROE -88.8%
ROIC N/A
ROA(3y)-53.7%
ROA(5y)-52%
ROE(3y)-66.35%
ROE(5y)-62.86%
ROIC(3y)N/A
ROIC(5y)N/A
DMRC Yearly ROA, ROE, ROICDMRC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60

1.3 Margins

  • DMRC has a Gross Margin of 60.91%. This is in the lower half of the industry: DMRC underperforms 61.37% of its industry peers.
  • DMRC's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for DMRC so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 60.91%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.93%
GM growth 5Y-0.6%
DMRC Yearly Profit, Operating, Gross MarginsDMRC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150 -200

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. DMRC Health Analysis

2.1 Basic Checks

  • DMRC does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • DMRC has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for DMRC has been increased compared to 5 years ago.
  • DMRC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
DMRC Yearly Shares OutstandingDMRC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
DMRC Yearly Total Debt VS Total AssetsDMRC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • DMRC has an Altman-Z score of -5.99. This is a bad value and indicates that DMRC is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of DMRC (-5.99) is worse than 83.75% of its industry peers.
  • DMRC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -5.99
ROIC/WACCN/A
WACC10.9%
DMRC Yearly LT Debt VS Equity VS FCFDMRC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M

2.3 Liquidity

  • A Current Ratio of 2.31 indicates that DMRC has no problem at all paying its short term obligations.
  • DMRC's Current ratio of 2.31 is fine compared to the rest of the industry. DMRC outperforms 63.54% of its industry peers.
  • A Quick Ratio of 2.31 indicates that DMRC has no problem at all paying its short term obligations.
  • DMRC's Quick ratio of 2.31 is fine compared to the rest of the industry. DMRC outperforms 64.26% of its industry peers.
Industry RankSector Rank
Current Ratio 2.31
Quick Ratio 2.31
DMRC Yearly Current Assets VS Current LiabilitesDMRC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. DMRC Growth Analysis

3.1 Past

  • DMRC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 22.43%, which is quite impressive.
  • Looking at the last year, DMRC shows a very negative growth in Revenue. The Revenue has decreased by -13.78% in the last year.
  • DMRC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.82% yearly.
EPS 1Y (TTM)22.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.52%
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y13.15%
Revenue growth 5Y10.82%
Sales Q2Q%-19.23%

3.2 Future

  • The Earnings Per Share is expected to grow by 38.35% on average over the next years. This is a very strong growth
  • The Revenue is expected to decrease by -4.35% on average over the next years.
EPS Next Y38.5%
EPS Next 2Y38.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-14.99%
Revenue Next 2Y-4.35%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DMRC Yearly Revenue VS EstimatesDMRC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M
DMRC Yearly EPS VS EstimatesDMRC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 -0.5 -1 -1.5 -2 -2.5

More info and screens

Find the best growth stocksShow best growing peers

1

4. DMRC Valuation Analysis

4.1 Price/Earnings Ratio

  • DMRC reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year DMRC is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
DMRC Price Earnings VS Forward Price EarningsDMRC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
DMRC Per share dataDMRC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1 1.5

4.3 Compensation for Growth

  • DMRC's earnings are expected to grow with 38.35% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.35%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. DMRC Dividend Analysis

5.1 Amount

  • No dividends for DMRC!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

DMRC Fundamentals: All Metrics, Ratios and Statistics

DIGIMARC CORP

NASDAQ:DMRC (3/6/2026, 8:12:34 PM)

After market: 5.29 -0.05 (-0.94%)

5.34

+0.34 (+6.8%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)10-30
Earnings (Next)03-11
Inst Owners60.06%
Inst Owner Change-1.12%
Ins Owners13.28%
Ins Owner Change2.86%
Market Cap116.20M
Revenue(TTM)33.66M
Net Income(TTM)-36.75M
Analysts80
Price Target15.3 (186.52%)
Short Float %12.97%
Short Ratio8.16
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.01%
Min EPS beat(2)-58.13%
Max EPS beat(2)28.1%
EPS beat(4)2
Avg EPS beat(4)-13.4%
Min EPS beat(4)-58.13%
Max EPS beat(4)28.1%
EPS beat(8)5
Avg EPS beat(8)-3.97%
EPS beat(12)9
Avg EPS beat(12)2.66%
EPS beat(16)12
Avg EPS beat(16)4.46%
Revenue beat(2)0
Avg Revenue beat(2)-3.83%
Min Revenue beat(2)-4.21%
Max Revenue beat(2)-3.46%
Revenue beat(4)1
Avg Revenue beat(4)-2.91%
Min Revenue beat(4)-8.81%
Max Revenue beat(4)4.83%
Revenue beat(8)4
Avg Revenue beat(8)-2.8%
Revenue beat(12)6
Avg Revenue beat(12)-2.47%
Revenue beat(16)8
Avg Revenue beat(16)-1.73%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.45
P/FCF N/A
P/OCF N/A
P/B 2.81
P/tB 8.57
EV/EBITDA N/A
EPS(TTM)-0.83
EYN/A
EPS(NY)-0.09
Fwd EYN/A
FCF(TTM)-0.83
FCFYN/A
OCF(TTM)-0.78
OCFYN/A
SpS1.55
BVpS1.9
TBVpS0.62
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -66.29%
ROE -88.8%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 60.91%
FCFM N/A
ROA(3y)-53.7%
ROA(5y)-52%
ROE(3y)-66.35%
ROE(5y)-62.86%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.93%
GM growth 5Y-0.6%
F-Score4
Asset Turnover0.61
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 14.66%
Cap/Sales 3.18%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.31
Quick Ratio 2.31
Altman-Z -5.99
F-Score4
WACC10.9%
ROIC/WACCN/A
Cap/Depr(3y)12.64%
Cap/Depr(5y)37.08%
Cap/Sales(3y)2.89%
Cap/Sales(5y)4.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%65.52%
EPS Next Y38.5%
EPS Next 2Y38.35%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.78%
Revenue growth 3Y13.15%
Revenue growth 5Y10.82%
Sales Q2Q%-19.23%
Revenue Next Year-14.99%
Revenue Next 2Y-4.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y12.16%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y27.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y29.73%
OCF growth 3YN/A
OCF growth 5YN/A

DIGIMARC CORP / DMRC FAQ

Can you provide the ChartMill fundamental rating for DIGIMARC CORP?

ChartMill assigns a fundamental rating of 3 / 10 to DMRC.


Can you provide the valuation status for DIGIMARC CORP?

ChartMill assigns a valuation rating of 1 / 10 to DIGIMARC CORP (DMRC). This can be considered as Overvalued.


How profitable is DIGIMARC CORP (DMRC) stock?

DIGIMARC CORP (DMRC) has a profitability rating of 0 / 10.


How sustainable is the dividend of DIGIMARC CORP (DMRC) stock?

The dividend rating of DIGIMARC CORP (DMRC) is 0 / 10 and the dividend payout ratio is 0%.