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Side-by-side financial comparison of Digimarc CORP (DMRC) and RAPID MICRO BIOSYSTEMS, INC. (RPID). Click either name above to swap in a different company.

RAPID MICRO BIOSYSTEMS, INC. is the larger business by last-quarter revenue ($11.3M vs $8.9M, roughly 1.3× Digimarc CORP). Digimarc CORP runs the higher net margin — -47.2% vs -110.8%, a 63.5% gap on every dollar of revenue. On growth, RAPID MICRO BIOSYSTEMS, INC. posted the faster year-over-year revenue change (37.3% vs 2.9%). Digimarc CORP produced more free cash flow last quarter ($895.0K vs $-3.3M). Over the past eight quarters, RAPID MICRO BIOSYSTEMS, INC.'s revenue compounded faster (41.8% 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.

Rapid Micro Biosystems, Inc. develops and manufactures automated microbial detection and quality control solutions for the life sciences industry. Its core products serve biopharmaceutical manufacturers, contract development and manufacturing organizations, operating across key global markets including North America, Europe and Asia-Pacific, helping clients cut testing timelines and improve operational efficiency.

DMRC vs RPID — Head-to-Head

Bigger by revenue
RPID
RPID
1.3× larger
RPID
$11.3M
$8.9M
DMRC
Growing faster (revenue YoY)
RPID
RPID
+34.4% gap
RPID
37.3%
2.9%
DMRC
Higher net margin
DMRC
DMRC
63.5% more per $
DMRC
-47.2%
-110.8%
RPID
More free cash flow
DMRC
DMRC
$4.2M more FCF
DMRC
$895.0K
$-3.3M
RPID
Faster 2-yr revenue CAGR
RPID
RPID
Annualised
RPID
41.8%
-5.3%
DMRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DMRC
DMRC
RPID
RPID
Revenue
$8.9M
$11.3M
Net Profit
$-4.2M
$-12.5M
Gross Margin
63.5%
Operating Margin
-48.2%
-108.2%
Net Margin
-47.2%
-110.8%
Revenue YoY
2.9%
37.3%
Net Profit YoY
51.4%
-29.3%
EPS (diluted)
$-0.18
$-0.26

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
RPID
RPID
Q4 25
$8.9M
$11.3M
Q3 25
$7.6M
$7.8M
Q2 25
$8.0M
$7.3M
Q1 25
$9.4M
$7.2M
Q4 24
$8.7M
$8.2M
Q3 24
$9.4M
$7.6M
Q2 24
$10.4M
$6.6M
Q1 24
$9.9M
$5.6M
Net Profit
DMRC
DMRC
RPID
RPID
Q4 25
$-4.2M
$-12.5M
Q3 25
$-8.2M
$-11.5M
Q2 25
$-8.2M
$-11.9M
Q1 25
$-11.7M
$-11.3M
Q4 24
$-8.6M
$-9.7M
Q3 24
$-10.8M
$-11.3M
Q2 24
$-9.3M
$-12.6M
Q1 24
$-10.3M
$-13.3M
Gross Margin
DMRC
DMRC
RPID
RPID
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
RPID
RPID
Q4 25
-48.2%
-108.2%
Q3 25
-109.7%
-145.1%
Q2 25
-105.2%
-167.3%
Q1 25
-128.9%
-161.8%
Q4 24
-105.1%
-124.5%
Q3 24
-120.4%
-158.3%
Q2 24
-96.2%
-202.1%
Q1 24
-109.2%
-254.4%
Net Margin
DMRC
DMRC
RPID
RPID
Q4 25
-47.2%
-110.8%
Q3 25
-106.9%
-146.8%
Q2 25
-102.6%
-163.3%
Q1 25
-125.2%
-156.3%
Q4 24
-99.9%
-117.6%
Q3 24
-113.9%
-148.9%
Q2 24
-89.3%
-190.1%
Q1 24
-104.0%
-237.4%
EPS (diluted)
DMRC
DMRC
RPID
RPID
Q4 25
$-0.18
$-0.26
Q3 25
$-0.38
$-0.26
Q2 25
$-0.38
$-0.27
Q1 25
$-0.55
$-0.26
Q4 24
$-0.40
$-0.22
Q3 24
$-0.50
$-0.26
Q2 24
$-0.43
$-0.29
Q1 24
$-0.50
$-0.31

Balance Sheet & Financial Strength

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

Metric
DMRC
DMRC
RPID
RPID
Cash + ST InvestmentsLiquidity on hand
$12.9M
$20.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$33.2M
Total Assets
$53.0M
$74.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
RPID
RPID
Q4 25
$12.9M
$20.0M
Q3 25
$12.6M
$18.9M
Q2 25
$16.1M
$18.3M
Q1 25
$21.6M
$18.9M
Q4 24
$28.7M
$16.9M
Q3 24
$33.7M
$22.0M
Q2 24
$41.5M
$37.1M
Q1 24
$48.9M
$22.4M
Stockholders' Equity
DMRC
DMRC
RPID
RPID
Q4 25
$40.2M
$33.2M
Q3 25
$41.4M
$44.3M
Q2 25
$46.5M
$54.5M
Q1 25
$50.0M
$65.5M
Q4 24
$61.4M
$75.4M
Q3 24
$70.2M
$84.4M
Q2 24
$77.2M
$94.6M
Q1 24
$84.5M
$105.9M
Total Assets
DMRC
DMRC
RPID
RPID
Q4 25
$53.0M
$74.9M
Q3 25
$55.4M
$84.4M
Q2 25
$60.7M
$75.6M
Q1 25
$66.5M
$85.4M
Q4 24
$75.8M
$98.2M
Q3 24
$85.0M
$105.8M
Q2 24
$93.4M
$117.1M
Q1 24
$99.7M
$127.7M

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
RPID
RPID
Operating Cash FlowLast quarter
$991.0K
$-3.2M
Free Cash FlowOCF − Capex
$895.0K
$-3.3M
FCF MarginFCF / Revenue
10.0%
-29.6%
Capex IntensityCapex / Revenue
1.1%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$-31.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
RPID
RPID
Q4 25
$991.0K
$-3.2M
Q3 25
$-2.6M
$-9.1M
Q2 25
$-4.7M
$-9.7M
Q1 25
$-5.5M
$-9.1M
Q4 24
$-4.2M
$-9.9M
Q3 24
$-7.1M
$-8.6M
Q2 24
$-6.8M
$-10.1M
Q1 24
$-8.4M
$-15.5M
Free Cash Flow
DMRC
DMRC
RPID
RPID
Q4 25
$895.0K
$-3.3M
Q3 25
$-2.8M
$-9.1M
Q2 25
$-4.9M
$-10.1M
Q1 25
$-5.5M
$-9.4M
Q4 24
$-4.2M
$-10.0M
Q3 24
$-7.2M
$-8.8M
Q2 24
$-6.9M
$-10.6M
Q1 24
$-8.5M
$-16.1M
FCF Margin
DMRC
DMRC
RPID
RPID
Q4 25
10.0%
-29.6%
Q3 25
-36.9%
-116.4%
Q2 25
-61.0%
-138.6%
Q1 25
-59.1%
-130.2%
Q4 24
-49.1%
-121.8%
Q3 24
-75.7%
-116.0%
Q2 24
-66.1%
-159.8%
Q1 24
-85.8%
-287.1%
Capex Intensity
DMRC
DMRC
RPID
RPID
Q4 25
1.1%
0.8%
Q3 25
2.9%
0.9%
Q2 25
2.5%
5.0%
Q1 25
0.6%
4.4%
Q4 24
0.2%
1.2%
Q3 24
0.7%
2.9%
Q2 24
0.3%
6.9%
Q1 24
1.1%
10.4%

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%

RPID
RPID

Products$9.3M83%
Services$2.0M17%

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