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

Rhinebeck Bancorp, Inc. is the larger business by last-quarter revenue ($13.5M vs $8.9M, roughly 1.5× Digimarc CORP). Rhinebeck Bancorp, Inc. runs the higher net margin — 17.3% vs -47.2%, a 64.5% gap on every dollar of revenue. On growth, Rhinebeck Bancorp, Inc. posted the faster year-over-year revenue change (1701.1% vs 2.9%). Rhinebeck Bancorp, Inc. produced more free cash flow last quarter ($10.9M vs $895.0K). Over the past eight quarters, Rhinebeck Bancorp, Inc.'s revenue compounded faster (14.0% CAGR vs -5.3%).

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.

Rhinebeck Bancorp, Inc. is a US regional bank holding company based in New York. It operates Rhinebeck Bank, offering retail and commercial banking services including deposit accounts, loans, mortgages and wealth management, mainly serving consumers and small-to-medium businesses across New York's Hudson Valley region.

DMRC vs RBKB — Head-to-Head

Bigger by revenue
RBKB
RBKB
1.5× larger
RBKB
$13.5M
$8.9M
DMRC
Growing faster (revenue YoY)
RBKB
RBKB
+1698.2% gap
RBKB
1701.1%
2.9%
DMRC
Higher net margin
RBKB
RBKB
64.5% more per $
RBKB
17.3%
-47.2%
DMRC
More free cash flow
RBKB
RBKB
$10.0M more FCF
RBKB
$10.9M
$895.0K
DMRC
Faster 2-yr revenue CAGR
RBKB
RBKB
Annualised
RBKB
14.0%
-5.3%
DMRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMRC
DMRC
RBKB
RBKB
Revenue
$8.9M
$13.5M
Net Profit
$-4.2M
$2.3M
Gross Margin
63.5%
Operating Margin
-48.2%
21.7%
Net Margin
-47.2%
17.3%
Revenue YoY
2.9%
1701.1%
Net Profit YoY
51.4%
188.0%
EPS (diluted)
$-0.18
$0.21

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
RBKB
RBKB
Q4 25
$8.9M
$13.5M
Q3 25
$7.6M
$14.0M
Q2 25
$8.0M
$13.1M
Q1 25
$9.4M
$12.8M
Q4 24
$8.7M
$750.0K
Q3 24
$9.4M
$773.0K
Q2 24
$10.4M
$10.7M
Q1 24
$9.9M
$10.4M
Net Profit
DMRC
DMRC
RBKB
RBKB
Q4 25
$-4.2M
$2.3M
Q3 25
$-8.2M
$2.7M
Q2 25
$-8.2M
$2.7M
Q1 25
$-11.7M
$2.3M
Q4 24
$-8.6M
$-2.7M
Q3 24
$-10.8M
$-8.1M
Q2 24
$-9.3M
$975.0K
Q1 24
$-10.3M
$1.1M
Gross Margin
DMRC
DMRC
RBKB
RBKB
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
RBKB
RBKB
Q4 25
-48.2%
21.7%
Q3 25
-109.7%
23.9%
Q2 25
-105.2%
26.6%
Q1 25
-128.9%
22.9%
Q4 24
-105.1%
-444.9%
Q3 24
-120.4%
-1332.3%
Q2 24
-96.2%
11.8%
Q1 24
-109.2%
13.9%
Net Margin
DMRC
DMRC
RBKB
RBKB
Q4 25
-47.2%
17.3%
Q3 25
-106.9%
19.3%
Q2 25
-102.6%
20.8%
Q1 25
-125.2%
17.9%
Q4 24
-99.9%
-353.9%
Q3 24
-113.9%
-1042.9%
Q2 24
-89.3%
9.2%
Q1 24
-104.0%
10.8%
EPS (diluted)
DMRC
DMRC
RBKB
RBKB
Q4 25
$-0.18
$0.21
Q3 25
$-0.38
$0.25
Q2 25
$-0.38
$0.25
Q1 25
$-0.55
$0.21
Q4 24
$-0.40
$-0.24
Q3 24
$-0.50
$-0.75
Q2 24
$-0.43
$0.09
Q1 24
$-0.50
$0.10

Balance Sheet & Financial Strength

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

Metric
DMRC
DMRC
RBKB
RBKB
Cash + ST InvestmentsLiquidity on hand
$12.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$136.9M
Total Assets
$53.0M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
RBKB
RBKB
Q4 25
$12.9M
Q3 25
$12.6M
Q2 25
$16.1M
Q1 25
$21.6M
Q4 24
$28.7M
Q3 24
$33.7M
Q2 24
$41.5M
Q1 24
$48.9M
Stockholders' Equity
DMRC
DMRC
RBKB
RBKB
Q4 25
$40.2M
$136.9M
Q3 25
$41.4M
$133.0M
Q2 25
$46.5M
$129.0M
Q1 25
$50.0M
$126.0M
Q4 24
$61.4M
$121.8M
Q3 24
$70.2M
$122.7M
Q2 24
$77.2M
$116.2M
Q1 24
$84.5M
$114.3M
Total Assets
DMRC
DMRC
RBKB
RBKB
Q4 25
$53.0M
$1.3B
Q3 25
$55.4M
$1.3B
Q2 25
$60.7M
$1.3B
Q1 25
$66.5M
$1.3B
Q4 24
$75.8M
$1.3B
Q3 24
$85.0M
$1.3B
Q2 24
$93.4M
$1.3B
Q1 24
$99.7M
$1.3B

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
RBKB
RBKB
Operating Cash FlowLast quarter
$991.0K
$11.7M
Free Cash FlowOCF − Capex
$895.0K
$10.9M
FCF MarginFCF / Revenue
10.0%
80.6%
Capex IntensityCapex / Revenue
1.1%
6.3%
Cash ConversionOCF / Net Profit
5.03×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
RBKB
RBKB
Q4 25
$991.0K
$11.7M
Q3 25
$-2.6M
$2.2M
Q2 25
$-4.7M
$2.4M
Q1 25
$-5.5M
$4.3M
Q4 24
$-4.2M
$8.5M
Q3 24
$-7.1M
$-3.6M
Q2 24
$-6.8M
$12.0M
Q1 24
$-8.4M
$-3.5M
Free Cash Flow
DMRC
DMRC
RBKB
RBKB
Q4 25
$895.0K
$10.9M
Q3 25
$-2.8M
$2.0M
Q2 25
$-4.9M
$2.2M
Q1 25
$-5.5M
$4.2M
Q4 24
$-4.2M
$7.7M
Q3 24
$-7.2M
$-3.6M
Q2 24
$-6.9M
$11.8M
Q1 24
$-8.5M
$-3.7M
FCF Margin
DMRC
DMRC
RBKB
RBKB
Q4 25
10.0%
80.6%
Q3 25
-36.9%
14.5%
Q2 25
-61.0%
17.2%
Q1 25
-59.1%
32.8%
Q4 24
-49.1%
1023.9%
Q3 24
-75.7%
-469.0%
Q2 24
-66.1%
111.1%
Q1 24
-85.8%
-36.0%
Capex Intensity
DMRC
DMRC
RBKB
RBKB
Q4 25
1.1%
6.3%
Q3 25
2.9%
1.4%
Q2 25
2.5%
1.4%
Q1 25
0.6%
0.9%
Q4 24
0.2%
105.5%
Q3 24
0.7%
6.3%
Q2 24
0.3%
1.2%
Q1 24
1.1%
2.3%
Cash Conversion
DMRC
DMRC
RBKB
RBKB
Q4 25
5.03×
Q3 25
0.83×
Q2 25
0.89×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
12.27×
Q1 24
-3.12×

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%

RBKB
RBKB

Segment breakdown not available.

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