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

Digimarc CORP is the larger business by last-quarter revenue ($8.9M vs $8.4M, roughly 1.1× FB Bancorp, Inc.). FB Bancorp, Inc. runs the higher net margin — -16.7% vs -47.2%, a 30.5% gap on every dollar of revenue. Digimarc CORP produced more free cash flow last quarter ($895.0K vs $-3.9M).

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.

FB Bancorp, Inc. (Maryland) is a US-based bank holding company that provides commercial and retail banking services. Its core offerings include deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual consumers and small-to-medium enterprises in local Maryland communities.

DMRC vs FBLA — Head-to-Head

Bigger by revenue
DMRC
DMRC
1.1× larger
DMRC
$8.9M
$8.4M
FBLA
Higher net margin
FBLA
FBLA
30.5% more per $
FBLA
-16.7%
-47.2%
DMRC
More free cash flow
DMRC
DMRC
$4.8M more FCF
DMRC
$895.0K
$-3.9M
FBLA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMRC
DMRC
FBLA
FBLA
Revenue
$8.9M
$8.4M
Net Profit
$-4.2M
$-1.4M
Gross Margin
63.5%
Operating Margin
-48.2%
17.8%
Net Margin
-47.2%
-16.7%
Revenue YoY
2.9%
Net Profit YoY
51.4%
EPS (diluted)
$-0.18
$-0.08

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
DMRC
DMRC
FBLA
FBLA
Q4 25
$8.9M
$8.4M
Q3 25
$7.6M
$18.7M
Q2 25
$8.0M
$18.1M
Q1 25
$9.4M
$17.2M
Q4 24
$8.7M
Q3 24
$9.4M
$16.8M
Q2 24
$10.4M
$18.2M
Q1 24
$9.9M
Net Profit
DMRC
DMRC
FBLA
FBLA
Q4 25
$-4.2M
$-1.4M
Q3 25
$-8.2M
$1.1M
Q2 25
$-8.2M
$879.0K
Q1 25
$-11.7M
$705.0K
Q4 24
$-8.6M
Q3 24
$-10.8M
$-895.0K
Q2 24
$-9.3M
$849.0K
Q1 24
$-10.3M
Gross Margin
DMRC
DMRC
FBLA
FBLA
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
DMRC
DMRC
FBLA
FBLA
Q4 25
-48.2%
17.8%
Q3 25
-109.7%
7.1%
Q2 25
-105.2%
6.1%
Q1 25
-128.9%
5.1%
Q4 24
-105.1%
Q3 24
-120.4%
-6.8%
Q2 24
-96.2%
6.0%
Q1 24
-109.2%
Net Margin
DMRC
DMRC
FBLA
FBLA
Q4 25
-47.2%
-16.7%
Q3 25
-106.9%
5.8%
Q2 25
-102.6%
4.9%
Q1 25
-125.2%
4.1%
Q4 24
-99.9%
Q3 24
-113.9%
-5.3%
Q2 24
-89.3%
4.7%
Q1 24
-104.0%
EPS (diluted)
DMRC
DMRC
FBLA
FBLA
Q4 25
$-0.18
$-0.08
Q3 25
$-0.38
$0.06
Q2 25
$-0.38
$0.05
Q1 25
$-0.55
$0.04
Q4 24
$-0.40
Q3 24
$-0.50
$0.00
Q2 24
$-0.43
$0.00
Q1 24
$-0.50

Balance Sheet & Financial Strength

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

Metric
DMRC
DMRC
FBLA
FBLA
Cash + ST InvestmentsLiquidity on hand
$12.9M
$60.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$314.4M
Total Assets
$53.0M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
FBLA
FBLA
Q4 25
$12.9M
$60.3M
Q3 25
$12.6M
$65.7M
Q2 25
$16.1M
$86.1M
Q1 25
$21.6M
$98.6M
Q4 24
$28.7M
Q3 24
$33.7M
$293.5M
Q2 24
$41.5M
$59.4M
Q1 24
$48.9M
Stockholders' Equity
DMRC
DMRC
FBLA
FBLA
Q4 25
$40.2M
$314.4M
Q3 25
$41.4M
$338.2M
Q2 25
$46.5M
$332.1M
Q1 25
$50.0M
$331.4M
Q4 24
$61.4M
Q3 24
$70.2M
$161.5M
Q2 24
$77.2M
$155.7M
Q1 24
$84.5M
Total Assets
DMRC
DMRC
FBLA
FBLA
Q4 25
$53.0M
$1.3B
Q3 25
$55.4M
$1.3B
Q2 25
$60.7M
$1.2B
Q1 25
$66.5M
$1.2B
Q4 24
$75.8M
Q3 24
$85.0M
$1.4B
Q2 24
$93.4M
$1.2B
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
DMRC
DMRC
FBLA
FBLA
Operating Cash FlowLast quarter
$991.0K
$2.8M
Free Cash FlowOCF − Capex
$895.0K
$-3.9M
FCF MarginFCF / Revenue
10.0%
-46.3%
Capex IntensityCapex / Revenue
1.1%
79.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$-21.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
FBLA
FBLA
Q4 25
$991.0K
$2.8M
Q3 25
$-2.6M
$-16.8M
Q2 25
$-4.7M
$-1.7M
Q1 25
$-5.5M
$7.0M
Q4 24
$-4.2M
Q3 24
$-7.1M
$215.0K
Q2 24
$-6.8M
Q1 24
$-8.4M
Free Cash Flow
DMRC
DMRC
FBLA
FBLA
Q4 25
$895.0K
$-3.9M
Q3 25
$-2.8M
$-18.3M
Q2 25
$-4.9M
$-3.4M
Q1 25
$-5.5M
$4.0M
Q4 24
$-4.2M
Q3 24
$-7.2M
$-1.2M
Q2 24
$-6.9M
Q1 24
$-8.5M
FCF Margin
DMRC
DMRC
FBLA
FBLA
Q4 25
10.0%
-46.3%
Q3 25
-36.9%
-97.7%
Q2 25
-61.0%
-18.7%
Q1 25
-59.1%
23.2%
Q4 24
-49.1%
Q3 24
-75.7%
-7.1%
Q2 24
-66.1%
Q1 24
-85.8%
Capex Intensity
DMRC
DMRC
FBLA
FBLA
Q4 25
1.1%
79.0%
Q3 25
2.9%
7.8%
Q2 25
2.5%
9.5%
Q1 25
0.6%
17.7%
Q4 24
0.2%
Q3 24
0.7%
8.4%
Q2 24
0.3%
Q1 24
1.1%
Cash Conversion
DMRC
DMRC
FBLA
FBLA
Q4 25
Q3 25
-15.59×
Q2 25
-1.89×
Q1 25
9.98×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DMRC
DMRC

Subscription$5.3M60%
The Government$3.6M41%

FBLA
FBLA

Segment breakdown not available.

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