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Side-by-side financial comparison of Digimarc CORP (DMRC) and Five Point Holdings, LLC (FPH). Click either name above to swap in a different company.

Five Point Holdings, LLC is the larger business by last-quarter revenue ($13.6M vs $8.9M, roughly 1.5× Digimarc CORP). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -47.2%, a 30.8% gap on every dollar of revenue. On growth, Five Point Holdings, LLC posted the faster year-over-year revenue change (3.2% vs 2.9%). Over the past eight quarters, Digimarc CORP's revenue compounded faster (-5.3% CAGR vs -48.5%).

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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

DMRC vs FPH — Head-to-Head

Bigger by revenue
FPH
FPH
1.5× larger
FPH
$13.6M
$8.9M
DMRC
Growing faster (revenue YoY)
FPH
FPH
+0.3% gap
FPH
3.2%
2.9%
DMRC
Higher net margin
FPH
FPH
30.8% more per $
FPH
-16.4%
-47.2%
DMRC
Faster 2-yr revenue CAGR
DMRC
DMRC
Annualised
DMRC
-5.3%
-48.5%
FPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DMRC
DMRC
FPH
FPH
Revenue
$8.9M
$13.6M
Net Profit
$-4.2M
$-2.2M
Gross Margin
63.5%
Operating Margin
-48.2%
-43.5%
Net Margin
-47.2%
-16.4%
Revenue YoY
2.9%
3.2%
Net Profit YoY
51.4%
-109.6%
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
DMRC
DMRC
FPH
FPH
Q1 26
$13.6M
Q4 25
$8.9M
$75.9M
Q3 25
$7.6M
$13.5M
Q2 25
$8.0M
$7.5M
Q1 25
$9.4M
$13.2M
Q4 24
$8.7M
$159.8M
Q3 24
$9.4M
$17.0M
Q2 24
$10.4M
$51.2M
Net Profit
DMRC
DMRC
FPH
FPH
Q1 26
$-2.2M
Q4 25
$-4.2M
$58.7M
Q3 25
$-8.2M
$21.1M
Q2 25
$-8.2M
$3.3M
Q1 25
$-11.7M
$23.3M
Q4 24
$-8.6M
$121.0M
Q3 24
$-10.8M
$4.8M
Q2 24
$-9.3M
$14.7M
Gross Margin
DMRC
DMRC
FPH
FPH
Q1 26
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%
Operating Margin
DMRC
DMRC
FPH
FPH
Q1 26
-43.5%
Q4 25
-48.2%
89.0%
Q3 25
-109.7%
Q2 25
-105.2%
Q1 25
-128.9%
Q4 24
-105.1%
87.5%
Q3 24
-120.4%
83.6%
Q2 24
-96.2%
86.1%
Net Margin
DMRC
DMRC
FPH
FPH
Q1 26
-16.4%
Q4 25
-47.2%
77.3%
Q3 25
-106.9%
156.2%
Q2 25
-102.6%
44.4%
Q1 25
-125.2%
177.0%
Q4 24
-99.9%
75.7%
Q3 24
-113.9%
28.0%
Q2 24
-89.3%
28.8%
EPS (diluted)
DMRC
DMRC
FPH
FPH
Q1 26
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

Balance Sheet & Financial Strength

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

Metric
DMRC
DMRC
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$12.9M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$2.3B
Total Assets
$53.0M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
FPH
FPH
Q1 26
$332.6M
Q4 25
$12.9M
$425.5M
Q3 25
$12.6M
$351.1M
Q2 25
$16.1M
$456.6M
Q1 25
$21.6M
$528.3M
Q4 24
$28.7M
$430.9M
Q3 24
$33.7M
$224.5M
Q2 24
$41.5M
$217.4M
Stockholders' Equity
DMRC
DMRC
FPH
FPH
Q1 26
$2.3B
Q4 25
$40.2M
$2.3B
Q3 25
$41.4M
$2.3B
Q2 25
$46.5M
$2.2B
Q1 25
$50.0M
$2.2B
Q4 24
$61.4M
$2.2B
Q3 24
$70.2M
$2.0B
Q2 24
$77.2M
$2.0B
Total Assets
DMRC
DMRC
FPH
FPH
Q1 26
$3.2B
Q4 25
$53.0M
$3.2B
Q3 25
$55.4M
$3.2B
Q2 25
$60.7M
$3.2B
Q1 25
$66.5M
$3.2B
Q4 24
$75.8M
$3.1B
Q3 24
$85.0M
$2.9B
Q2 24
$93.4M
$2.9B

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
FPH
FPH
Operating Cash FlowLast quarter
$991.0K
$-44.5M
Free Cash FlowOCF − Capex
$895.0K
FCF MarginFCF / Revenue
10.0%
Capex IntensityCapex / Revenue
1.1%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
FPH
FPH
Q1 26
$-44.5M
Q4 25
$991.0K
$105.2M
Q3 25
$-2.6M
$40.4M
Q2 25
$-4.7M
$-71.6M
Q1 25
$-5.5M
$56.7M
Q4 24
$-4.2M
$116.0M
Q3 24
$-7.1M
$-18.0M
Q2 24
$-6.8M
$-23.2M
Free Cash Flow
DMRC
DMRC
FPH
FPH
Q1 26
Q4 25
$895.0K
$105.0M
Q3 25
$-2.8M
Q2 25
$-4.9M
$-71.7M
Q1 25
$-5.5M
$56.7M
Q4 24
$-4.2M
$115.2M
Q3 24
$-7.2M
$-18.2M
Q2 24
$-6.9M
$-23.6M
FCF Margin
DMRC
DMRC
FPH
FPH
Q1 26
Q4 25
10.0%
138.4%
Q3 25
-36.9%
Q2 25
-61.0%
-959.3%
Q1 25
-59.1%
430.9%
Q4 24
-49.1%
72.1%
Q3 24
-75.7%
-106.9%
Q2 24
-66.1%
-46.1%
Capex Intensity
DMRC
DMRC
FPH
FPH
Q1 26
0.0%
Q4 25
1.1%
0.3%
Q3 25
2.9%
0.0%
Q2 25
2.5%
0.8%
Q1 25
0.6%
0.3%
Q4 24
0.2%
0.5%
Q3 24
0.7%
1.3%
Q2 24
0.3%
0.7%
Cash Conversion
DMRC
DMRC
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

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%

FPH
FPH

Segment breakdown not available.

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