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Side-by-side financial comparison of Digimarc CORP (DMRC) and Hub Cyber Security Ltd. (HUBC). Click either name above to swap in a different company.

Hub Cyber Security Ltd. is the larger business by last-quarter revenue ($13.9M vs $8.9M, roughly 1.6× Digimarc CORP). Digimarc CORP runs the higher net margin — -47.2% vs -91.4%, a 44.2% gap on every dollar of revenue.

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.

The Hub Power Company Limited, colloquially known as HUBCO, is a Pakistani power company based in Karachi, Sindh. It was the first independent power producer (IPP) established in Pakistan, and before the termination of its energy agreement in October 2024, it was the largest IPP in the country. HUBCO is listed on the Pakistan Stock Exchange.

DMRC vs HUBC — Head-to-Head

Bigger by revenue
HUBC
HUBC
1.6× larger
HUBC
$13.9M
$8.9M
DMRC
Higher net margin
DMRC
DMRC
44.2% more per $
DMRC
-47.2%
-91.4%
HUBC

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
DMRC
DMRC
HUBC
HUBC
Revenue
$8.9M
$13.9M
Net Profit
$-4.2M
$-12.7M
Gross Margin
63.5%
25.6%
Operating Margin
-48.2%
-80.8%
Net Margin
-47.2%
-91.4%
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
DMRC
DMRC
HUBC
HUBC
Q4 25
$8.9M
Q3 25
$7.6M
Q2 25
$8.0M
Q1 25
$9.4M
Q4 24
$8.7M
$13.9M
Q3 24
$9.4M
Q2 24
$10.4M
$15.7M
Q1 24
$9.9M
Net Profit
DMRC
DMRC
HUBC
HUBC
Q4 25
$-4.2M
Q3 25
$-8.2M
Q2 25
$-8.2M
Q1 25
$-11.7M
Q4 24
$-8.6M
$-12.7M
Q3 24
$-10.8M
Q2 24
$-9.3M
$-26.4M
Q1 24
$-10.3M
Gross Margin
DMRC
DMRC
HUBC
HUBC
Q4 25
63.5%
Q3 25
58.3%
Q2 25
58.8%
Q1 25
65.0%
Q4 24
60.8%
25.6%
Q3 24
62.4%
Q2 24
66.1%
9.5%
Q1 24
62.5%
Operating Margin
DMRC
DMRC
HUBC
HUBC
Q4 25
-48.2%
Q3 25
-109.7%
Q2 25
-105.2%
Q1 25
-128.9%
Q4 24
-105.1%
-80.8%
Q3 24
-120.4%
Q2 24
-96.2%
-95.7%
Q1 24
-109.2%
Net Margin
DMRC
DMRC
HUBC
HUBC
Q4 25
-47.2%
Q3 25
-106.9%
Q2 25
-102.6%
Q1 25
-125.2%
Q4 24
-99.9%
-91.4%
Q3 24
-113.9%
Q2 24
-89.3%
-167.8%
Q1 24
-104.0%
EPS (diluted)
DMRC
DMRC
HUBC
HUBC
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
DMRC
DMRC
HUBC
HUBC
Cash + ST InvestmentsLiquidity on hand
$12.9M
$3.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$-80.8M
Total Assets
$53.0M
$27.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
HUBC
HUBC
Q4 25
$12.9M
Q3 25
$12.6M
Q2 25
$16.1M
Q1 25
$21.6M
Q4 24
$28.7M
$3.1M
Q3 24
$33.7M
Q2 24
$41.5M
$1.2M
Q1 24
$48.9M
Stockholders' Equity
DMRC
DMRC
HUBC
HUBC
Q4 25
$40.2M
Q3 25
$41.4M
Q2 25
$46.5M
Q1 25
$50.0M
Q4 24
$61.4M
$-80.8M
Q3 24
$70.2M
Q2 24
$77.2M
$-59.4M
Q1 24
$84.5M
Total Assets
DMRC
DMRC
HUBC
HUBC
Q4 25
$53.0M
Q3 25
$55.4M
Q2 25
$60.7M
Q1 25
$66.5M
Q4 24
$75.8M
$27.4M
Q3 24
$85.0M
Q2 24
$93.4M
$28.6M
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
HUBC
HUBC
Operating Cash FlowLast quarter
$991.0K
$-6.3M
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
DMRC
DMRC
HUBC
HUBC
Q4 25
$991.0K
Q3 25
$-2.6M
Q2 25
$-4.7M
Q1 25
$-5.5M
Q4 24
$-4.2M
$-6.3M
Q3 24
$-7.1M
Q2 24
$-6.8M
$-10.8M
Q1 24
$-8.4M
Free Cash Flow
DMRC
DMRC
HUBC
HUBC
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
DMRC
DMRC
HUBC
HUBC
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
DMRC
DMRC
HUBC
HUBC
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

DMRC
DMRC

Subscription$5.3M60%
The Government$3.6M41%

HUBC
HUBC

Segment breakdown not available.

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