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Side-by-side financial comparison of BV Financial, Inc. (BVFL) and Digimarc CORP (DMRC). Click either name above to swap in a different company.

BV Financial, Inc. is the larger business by last-quarter revenue ($10.5M vs $8.9M, roughly 1.2× Digimarc CORP). BV Financial, Inc. runs the higher net margin — 45.6% vs -47.2%, a 92.8% gap on every dollar of revenue. On growth, BV Financial, Inc. posted the faster year-over-year revenue change (9.2% vs 2.9%). BV Financial, Inc. produced more free cash flow last quarter ($18.8M vs $895.0K). Over the past eight quarters, BV Financial, Inc.'s revenue compounded faster (11.1% CAGR vs -5.3%).

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

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.

BVFL vs DMRC — Head-to-Head

Bigger by revenue
BVFL
BVFL
1.2× larger
BVFL
$10.5M
$8.9M
DMRC
Growing faster (revenue YoY)
BVFL
BVFL
+6.3% gap
BVFL
9.2%
2.9%
DMRC
Higher net margin
BVFL
BVFL
92.8% more per $
BVFL
45.6%
-47.2%
DMRC
More free cash flow
BVFL
BVFL
$17.9M more FCF
BVFL
$18.8M
$895.0K
DMRC
Faster 2-yr revenue CAGR
BVFL
BVFL
Annualised
BVFL
11.1%
-5.3%
DMRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BVFL
BVFL
DMRC
DMRC
Revenue
$10.5M
$8.9M
Net Profit
$4.8M
$-4.2M
Gross Margin
63.5%
Operating Margin
66.9%
-48.2%
Net Margin
45.6%
-47.2%
Revenue YoY
9.2%
2.9%
Net Profit YoY
146.2%
51.4%
EPS (diluted)
$0.52
$-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
BVFL
BVFL
DMRC
DMRC
Q4 25
$10.5M
$8.9M
Q3 25
$10.0M
$7.6M
Q2 25
$9.9M
$8.0M
Q1 25
$9.2M
$9.4M
Q4 24
$9.7M
$8.7M
Q3 24
$10.0M
$9.4M
Q2 24
$9.5M
$10.4M
Q1 24
$8.5M
$9.9M
Net Profit
BVFL
BVFL
DMRC
DMRC
Q4 25
$4.8M
$-4.2M
Q3 25
$3.7M
$-8.2M
Q2 25
$2.9M
$-8.2M
Q1 25
$2.1M
$-11.7M
Q4 24
$2.0M
$-8.6M
Q3 24
$3.8M
$-10.8M
Q2 24
$3.4M
$-9.3M
Q1 24
$2.6M
$-10.3M
Gross Margin
BVFL
BVFL
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
BVFL
BVFL
DMRC
DMRC
Q4 25
66.9%
-48.2%
Q3 25
51.5%
-109.7%
Q2 25
39.9%
-105.2%
Q1 25
29.4%
-128.9%
Q4 24
29.5%
-105.1%
Q3 24
52.4%
-120.4%
Q2 24
49.6%
-96.2%
Q1 24
42.1%
-109.2%
Net Margin
BVFL
BVFL
DMRC
DMRC
Q4 25
45.6%
-47.2%
Q3 25
37.2%
-106.9%
Q2 25
29.0%
-102.6%
Q1 25
22.9%
-125.2%
Q4 24
20.2%
-99.9%
Q3 24
38.0%
-113.9%
Q2 24
35.8%
-89.3%
Q1 24
30.1%
-104.0%
EPS (diluted)
BVFL
BVFL
DMRC
DMRC
Q4 25
$0.52
$-0.18
Q3 25
$0.41
$-0.38
Q2 25
$0.29
$-0.38
Q1 25
$0.21
$-0.55
Q4 24
$0.18
$-0.40
Q3 24
$0.35
$-0.50
Q2 24
$0.32
$-0.43
Q1 24
$0.24
$-0.50

Balance Sheet & Financial Strength

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

Metric
BVFL
BVFL
DMRC
DMRC
Cash + ST InvestmentsLiquidity on hand
$55.7M
$12.9M
Total DebtLower is stronger
$35.0M
Stockholders' EquityBook value
$183.8M
$40.2M
Total Assets
$912.2M
$53.0M
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BVFL
BVFL
DMRC
DMRC
Q4 25
$55.7M
$12.9M
Q3 25
$63.5M
$12.6M
Q2 25
$56.3M
$16.1M
Q1 25
$70.8M
$21.6M
Q4 24
$70.5M
$28.7M
Q3 24
$94.1M
$33.7M
Q2 24
$90.6M
$41.5M
Q1 24
$78.8M
$48.9M
Total Debt
BVFL
BVFL
DMRC
DMRC
Q4 25
$35.0M
Q3 25
$35.0M
Q2 25
$35.0M
Q1 25
$49.9M
Q4 24
$49.9M
Q3 24
$34.8M
Q2 24
$34.8M
Q1 24
$34.8M
Stockholders' Equity
BVFL
BVFL
DMRC
DMRC
Q4 25
$183.8M
$40.2M
Q3 25
$190.2M
$41.4M
Q2 25
$198.0M
$46.5M
Q1 25
$198.1M
$50.0M
Q4 24
$195.5M
$61.4M
Q3 24
$209.7M
$70.2M
Q2 24
$205.5M
$77.2M
Q1 24
$201.8M
$84.5M
Total Assets
BVFL
BVFL
DMRC
DMRC
Q4 25
$912.2M
$53.0M
Q3 25
$909.4M
$55.4M
Q2 25
$908.3M
$60.7M
Q1 25
$921.9M
$66.5M
Q4 24
$911.8M
$75.8M
Q3 24
$892.7M
$85.0M
Q2 24
$897.2M
$93.4M
Q1 24
$892.5M
$99.7M
Debt / Equity
BVFL
BVFL
DMRC
DMRC
Q4 25
0.19×
Q3 25
0.18×
Q2 25
0.18×
Q1 25
0.25×
Q4 24
0.26×
Q3 24
0.17×
Q2 24
0.17×
Q1 24
0.17×

Cash Flow & Capital Efficiency

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

Metric
BVFL
BVFL
DMRC
DMRC
Operating Cash FlowLast quarter
$19.0M
$991.0K
Free Cash FlowOCF − Capex
$18.8M
$895.0K
FCF MarginFCF / Revenue
178.2%
10.0%
Capex IntensityCapex / Revenue
2.2%
1.1%
Cash ConversionOCF / Net Profit
3.96×
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BVFL
BVFL
DMRC
DMRC
Q4 25
$19.0M
$991.0K
Q3 25
$8.4M
$-2.6M
Q2 25
$2.7M
$-4.7M
Q1 25
$4.4M
$-5.5M
Q4 24
$16.1M
$-4.2M
Q3 24
$6.1M
$-7.1M
Q2 24
$1.5M
$-6.8M
Q1 24
$4.6M
$-8.4M
Free Cash Flow
BVFL
BVFL
DMRC
DMRC
Q4 25
$18.8M
$895.0K
Q3 25
$8.4M
$-2.8M
Q2 25
$2.6M
$-4.9M
Q1 25
$4.2M
$-5.5M
Q4 24
$15.5M
$-4.2M
Q3 24
$6.0M
$-7.2M
Q2 24
$1.4M
$-6.9M
Q1 24
$4.1M
$-8.5M
FCF Margin
BVFL
BVFL
DMRC
DMRC
Q4 25
178.2%
10.0%
Q3 25
84.0%
-36.9%
Q2 25
26.1%
-61.0%
Q1 25
46.0%
-59.1%
Q4 24
160.0%
-49.1%
Q3 24
59.6%
-75.7%
Q2 24
15.2%
-66.1%
Q1 24
48.4%
-85.8%
Capex Intensity
BVFL
BVFL
DMRC
DMRC
Q4 25
2.2%
1.1%
Q3 25
0.1%
2.9%
Q2 25
1.4%
2.5%
Q1 25
2.4%
0.6%
Q4 24
6.3%
0.2%
Q3 24
1.0%
0.7%
Q2 24
0.6%
0.3%
Q1 24
5.1%
1.1%
Cash Conversion
BVFL
BVFL
DMRC
DMRC
Q4 25
3.96×
Q3 25
2.26×
Q2 25
0.95×
Q1 25
2.11×
Q4 24
8.23×
Q3 24
1.60×
Q2 24
0.44×
Q1 24
1.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BVFL
BVFL

Segment breakdown not available.

DMRC
DMRC

Subscription$5.3M60%
The Government$3.6M41%

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