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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and Digimarc CORP (DMRC). Click either name above to swap in a different company.

Digimarc CORP is the larger business by last-quarter revenue ($8.9M vs $6.3M, roughly 1.4× Almonty Industries Inc.). Digimarc CORP runs the higher net margin — -47.2% vs -86.1%, a 38.8% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

Digimarc Corporation is a provider of enterprise software and services. The company's software, which includes digital identifiers, is designed to address counterfeiting, product authenticity, recycling accuracy, and supply chain traceability. Digimarc products are created for multiple industries such as apparel, consumer packaged goods, health and beauty, and automotive.

ALM vs DMRC — Head-to-Head

Bigger by revenue
DMRC
DMRC
1.4× larger
DMRC
$8.9M
$6.3M
ALM
Higher net margin
DMRC
DMRC
38.8% more per $
DMRC
-47.2%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALM
ALM
DMRC
DMRC
Revenue
$6.3M
$8.9M
Net Profit
$-5.4M
$-4.2M
Gross Margin
63.5%
Operating Margin
-48.2%
Net Margin
-86.1%
-47.2%
Revenue YoY
2.9%
Net Profit YoY
51.4%
EPS (diluted)
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
DMRC
DMRC
Q4 25
$8.9M
Q3 25
$6.3M
$7.6M
Q2 25
$7.2M
$8.0M
Q1 25
$9.4M
Q4 24
$8.7M
Q3 24
$9.4M
Q2 24
$10.4M
Q1 24
$9.9M
Net Profit
ALM
ALM
DMRC
DMRC
Q4 25
$-4.2M
Q3 25
$-5.4M
$-8.2M
Q2 25
$-58.2M
$-8.2M
Q1 25
$-11.7M
Q4 24
$-8.6M
Q3 24
$-10.8M
Q2 24
$-9.3M
Q1 24
$-10.3M
Gross Margin
ALM
ALM
DMRC
DMRC
Q4 25
63.5%
Q3 25
58.3%
Q2 25
58.8%
Q1 25
65.0%
Q4 24
60.8%
Q3 24
62.4%
Q2 24
66.1%
Q1 24
62.5%
Operating Margin
ALM
ALM
DMRC
DMRC
Q4 25
-48.2%
Q3 25
-109.7%
Q2 25
-105.2%
Q1 25
-128.9%
Q4 24
-105.1%
Q3 24
-120.4%
Q2 24
-96.2%
Q1 24
-109.2%
Net Margin
ALM
ALM
DMRC
DMRC
Q4 25
-47.2%
Q3 25
-86.1%
-106.9%
Q2 25
-809.4%
-102.6%
Q1 25
-125.2%
Q4 24
-99.9%
Q3 24
-113.9%
Q2 24
-89.3%
Q1 24
-104.0%
EPS (diluted)
ALM
ALM
DMRC
DMRC
Q4 25
$-0.18
Q3 25
$-0.38
Q2 25
$-0.38
Q1 25
$-0.55
Q4 24
$-0.40
Q3 24
$-0.50
Q2 24
$-0.43
Q1 24
$-0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
DMRC
DMRC
Cash + ST InvestmentsLiquidity on hand
$12.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
Total Assets
$53.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
DMRC
DMRC
Q4 25
$12.9M
Q3 25
$12.6M
Q2 25
$16.1M
Q1 25
$21.6M
Q4 24
$28.7M
Q3 24
$33.7M
Q2 24
$41.5M
Q1 24
$48.9M
Stockholders' Equity
ALM
ALM
DMRC
DMRC
Q4 25
$40.2M
Q3 25
$41.4M
Q2 25
$46.5M
Q1 25
$50.0M
Q4 24
$61.4M
Q3 24
$70.2M
Q2 24
$77.2M
Q1 24
$84.5M
Total Assets
ALM
ALM
DMRC
DMRC
Q4 25
$53.0M
Q3 25
$55.4M
Q2 25
$60.7M
Q1 25
$66.5M
Q4 24
$75.8M
Q3 24
$85.0M
Q2 24
$93.4M
Q1 24
$99.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
DMRC
DMRC
Operating Cash FlowLast quarter
$991.0K
Free Cash FlowOCF − Capex
$895.0K
FCF MarginFCF / Revenue
10.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
DMRC
DMRC
Q4 25
$991.0K
Q3 25
$-2.6M
Q2 25
$-4.7M
Q1 25
$-5.5M
Q4 24
$-4.2M
Q3 24
$-7.1M
Q2 24
$-6.8M
Q1 24
$-8.4M
Free Cash Flow
ALM
ALM
DMRC
DMRC
Q4 25
$895.0K
Q3 25
$-2.8M
Q2 25
$-4.9M
Q1 25
$-5.5M
Q4 24
$-4.2M
Q3 24
$-7.2M
Q2 24
$-6.9M
Q1 24
$-8.5M
FCF Margin
ALM
ALM
DMRC
DMRC
Q4 25
10.0%
Q3 25
-36.9%
Q2 25
-61.0%
Q1 25
-59.1%
Q4 24
-49.1%
Q3 24
-75.7%
Q2 24
-66.1%
Q1 24
-85.8%
Capex Intensity
ALM
ALM
DMRC
DMRC
Q4 25
1.1%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
0.7%
Q2 24
0.3%
Q1 24
1.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ALM
ALM

Segment breakdown not available.

DMRC
DMRC

Subscription$5.3M60%
The Government$3.6M41%

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