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Side-by-side financial comparison of Digimarc CORP (DMRC) and Perfect Moment Ltd. (PMNT). Click either name above to swap in a different company.

Perfect Moment Ltd. is the larger business by last-quarter revenue ($11.7M vs $8.9M, roughly 1.3× Digimarc CORP). Perfect Moment Ltd. runs the higher net margin — 0.8% vs -47.2%, a 48.0% gap on every dollar of revenue. On growth, Digimarc CORP posted the faster year-over-year revenue change (2.9% vs 0.8%). Perfect Moment Ltd. produced more free cash flow last quarter ($2.2M vs $895.0K).

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.

Perfect Moment Ltd is a premium lifestyle and outdoor apparel brand specializing in high-performance, fashionable winter sports gear including ski wear, activewear, and supporting accessories. It serves luxury outdoor and winter sports consumer groups, with sales networks covering core markets in North America, Europe, and the Asia Pacific region.

DMRC vs PMNT — Head-to-Head

Bigger by revenue
PMNT
PMNT
1.3× larger
PMNT
$11.7M
$8.9M
DMRC
Growing faster (revenue YoY)
DMRC
DMRC
+2.1% gap
DMRC
2.9%
0.8%
PMNT
Higher net margin
PMNT
PMNT
48.0% more per $
PMNT
0.8%
-47.2%
DMRC
More free cash flow
PMNT
PMNT
$1.3M more FCF
PMNT
$2.2M
$895.0K
DMRC

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DMRC
DMRC
PMNT
PMNT
Revenue
$8.9M
$11.7M
Net Profit
$-4.2M
$93.0K
Gross Margin
63.5%
64.4%
Operating Margin
-48.2%
5.0%
Net Margin
-47.2%
0.8%
Revenue YoY
2.9%
0.8%
Net Profit YoY
51.4%
103.7%
EPS (diluted)
$-0.18
$0.00

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
PMNT
PMNT
Q4 25
$8.9M
$11.7M
Q3 25
$7.6M
$4.8M
Q2 25
$8.0M
$1.5M
Q1 25
$9.4M
$5.0M
Q4 24
$8.7M
$11.7M
Q3 24
$9.4M
$3.8M
Q2 24
$10.4M
Q1 24
$9.9M
Net Profit
DMRC
DMRC
PMNT
PMNT
Q4 25
$-4.2M
$93.0K
Q3 25
$-8.2M
$-1.8M
Q2 25
$-8.2M
$-3.8M
Q1 25
$-11.7M
$-7.3M
Q4 24
$-8.6M
$-2.5M
Q3 24
$-10.8M
$-2.7M
Q2 24
$-9.3M
Q1 24
$-10.3M
Gross Margin
DMRC
DMRC
PMNT
PMNT
Q4 25
63.5%
64.4%
Q3 25
58.3%
60.1%
Q2 25
58.8%
60.4%
Q1 25
65.0%
32.0%
Q4 24
60.8%
54.8%
Q3 24
62.4%
54.0%
Q2 24
66.1%
Q1 24
62.5%
Operating Margin
DMRC
DMRC
PMNT
PMNT
Q4 25
-48.2%
5.0%
Q3 25
-109.7%
-23.9%
Q2 25
-105.2%
-207.5%
Q1 25
-128.9%
-130.1%
Q4 24
-105.1%
-11.1%
Q3 24
-120.4%
-66.7%
Q2 24
-96.2%
Q1 24
-109.2%
Net Margin
DMRC
DMRC
PMNT
PMNT
Q4 25
-47.2%
0.8%
Q3 25
-106.9%
-38.6%
Q2 25
-102.6%
-259.4%
Q1 25
-125.2%
-145.5%
Q4 24
-99.9%
-21.3%
Q3 24
-113.9%
-71.6%
Q2 24
-89.3%
Q1 24
-104.0%
EPS (diluted)
DMRC
DMRC
PMNT
PMNT
Q4 25
$-0.18
$0.00
Q3 25
$-0.38
$-0.06
Q2 25
$-0.38
$-0.21
Q1 25
$-0.55
$-0.45
Q4 24
$-0.40
$-0.15
Q3 24
$-0.50
$-0.17
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
PMNT
PMNT
Cash + ST InvestmentsLiquidity on hand
$12.9M
$1.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$1.1M
Total Assets
$53.0M
$13.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
PMNT
PMNT
Q4 25
$12.9M
$1.6M
Q3 25
$12.6M
$393.0K
Q2 25
$16.1M
$3.0M
Q1 25
$21.6M
$6.2M
Q4 24
$28.7M
$2.8M
Q3 24
$33.7M
$725.0K
Q2 24
$41.5M
Q1 24
$48.9M
Total Debt
DMRC
DMRC
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$1.9M
Q3 24
$1.8M
Q2 24
Q1 24
Stockholders' Equity
DMRC
DMRC
PMNT
PMNT
Q4 25
$40.2M
$1.1M
Q3 25
$41.4M
$981.0K
Q2 25
$46.5M
$987.0K
Q1 25
$50.0M
$1.9M
Q4 24
$61.4M
$907.0K
Q3 24
$70.2M
$2.7M
Q2 24
$77.2M
Q1 24
$84.5M
Total Assets
DMRC
DMRC
PMNT
PMNT
Q4 25
$53.0M
$13.8M
Q3 25
$55.4M
$15.0M
Q2 25
$60.7M
$8.3M
Q1 25
$66.5M
$13.3M
Q4 24
$75.8M
$13.2M
Q3 24
$85.0M
$13.3M
Q2 24
$93.4M
Q1 24
$99.7M
Debt / Equity
DMRC
DMRC
PMNT
PMNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.11×
Q3 24
0.67×
Q2 24
Q1 24

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
PMNT
PMNT
Operating Cash FlowLast quarter
$991.0K
$2.3M
Free Cash FlowOCF − Capex
$895.0K
$2.2M
FCF MarginFCF / Revenue
10.0%
19.1%
Capex IntensityCapex / Revenue
1.1%
0.3%
Cash ConversionOCF / Net Profit
24.26×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
PMNT
PMNT
Q4 25
$991.0K
$2.3M
Q3 25
$-2.6M
$-7.2M
Q2 25
$-4.7M
$-3.9M
Q1 25
$-5.5M
$-1.1M
Q4 24
$-4.2M
$-1.0M
Q3 24
$-7.1M
$-3.9M
Q2 24
$-6.8M
Q1 24
$-8.4M
Free Cash Flow
DMRC
DMRC
PMNT
PMNT
Q4 25
$895.0K
$2.2M
Q3 25
$-2.8M
Q2 25
$-4.9M
Q1 25
$-5.5M
$-1.1M
Q4 24
$-4.2M
$-1.2M
Q3 24
$-7.2M
$-3.9M
Q2 24
$-6.9M
Q1 24
$-8.5M
FCF Margin
DMRC
DMRC
PMNT
PMNT
Q4 25
10.0%
19.1%
Q3 25
-36.9%
Q2 25
-61.0%
Q1 25
-59.1%
-21.8%
Q4 24
-49.1%
-10.6%
Q3 24
-75.7%
-101.5%
Q2 24
-66.1%
Q1 24
-85.8%
Capex Intensity
DMRC
DMRC
PMNT
PMNT
Q4 25
1.1%
0.3%
Q3 25
2.9%
Q2 25
2.5%
Q1 25
0.6%
0.3%
Q4 24
0.2%
1.6%
Q3 24
0.7%
1.0%
Q2 24
0.3%
Q1 24
1.1%
Cash Conversion
DMRC
DMRC
PMNT
PMNT
Q4 25
24.26×
Q3 25
Q2 25
Q1 25
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%

PMNT
PMNT

Segment breakdown not available.

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