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DMRC

Digimarc Corp.

DMRC

NASDAQ·Technology·Software - Application·Mkt cap $185.5M

$7.83

-5.78%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$4.07 - $17.47

P/E

-6.17

Fwd P/E

-6.14

Beta

2.19

Div Yield

0.00%

Avg Vol

239.4K

Shares Out

22.1M

Mkt Cap

$185.5M

Price action

Price chart

Down 38.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Proprietary invisible watermarking technology embedded in physical and digital media
  • Extensive patent portfolio protecting core identification and verification methodologies
  • Integrated ecosystem of Watermark, Discover, and Verify solutions creating customer lock-in
  • Government and enterprise customer base providing recurring revenue and market validation
  • Scalable platform applicable across multiple industries and use cases

Bear Case

1 risk

  • High volatility (beta 2.2). Larger-than-normal price swings expected.

Growth

Mild headwinds expected

Increasing regulatory requirements for product authentication and supply chain transparency

Value

Deep value opportunity - significant discount to Cybersecurity & Defense IT peers

Momentum

Hot

+46.0% over 3m

Quality

Strong

Mixed fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 4, 2026

Q2 26 RECAP

MAY 12, 2026

Reported EPS of -$0.32 vs -$0.36 consensus (+11.1% surprise). Revenue of $7.6M vs $7.0M expected (+7.5%). Beat on both top and bottom lines.

EPS beat +11.1%
Rev beat +7.5%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+11.1%

Next: May 4, 2026

Revenue trend · last 8Q

-7%

-6%

-23%

-19%

+3%

-19%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$10.4M

$9.4M

$8.7M

$9.4M

$8.0M

$7.6M

$8.9M

$7.6M

Margins · last 8Q

Gross

Operating

Profit

-91.9%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

Latest: Needham · May 14, 2026

vs Industry

How DMRC stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.