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Side-by-side financial comparison of Digimarc CORP (DMRC) and Sachem Capital Corp. (SACH). Click either name above to swap in a different company.

Sachem Capital Corp. is the larger business by last-quarter revenue ($12.0M vs $8.9M, roughly 1.3× Digimarc CORP). Sachem Capital Corp. runs the higher net margin — 8.3% vs -47.2%, a 55.5% gap on every dollar of revenue. On growth, Digimarc CORP posted the faster year-over-year revenue change (2.9% vs -18.8%). Over the past eight quarters, Digimarc CORP's revenue compounded faster (-5.3% CAGR vs -13.4%).

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.

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

DMRC vs SACH — Head-to-Head

Bigger by revenue
SACH
SACH
1.3× larger
SACH
$12.0M
$8.9M
DMRC
Growing faster (revenue YoY)
DMRC
DMRC
+21.7% gap
DMRC
2.9%
-18.8%
SACH
Higher net margin
SACH
SACH
55.5% more per $
SACH
8.3%
-47.2%
DMRC
Faster 2-yr revenue CAGR
DMRC
DMRC
Annualised
DMRC
-5.3%
-13.4%
SACH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DMRC
DMRC
SACH
SACH
Revenue
$8.9M
$12.0M
Net Profit
$-4.2M
$997.0K
Gross Margin
63.5%
Operating Margin
-48.2%
-3.1%
Net Margin
-47.2%
8.3%
Revenue YoY
2.9%
-18.8%
Net Profit YoY
51.4%
119.7%
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
SACH
SACH
Q4 25
$8.9M
Q3 25
$7.6M
$12.0M
Q2 25
$8.0M
$10.8M
Q1 25
$9.4M
$11.4M
Q4 24
$8.7M
$10.8M
Q3 24
$9.4M
$14.8M
Q2 24
$10.4M
$15.1M
Q1 24
$9.9M
$16.8M
Net Profit
DMRC
DMRC
SACH
SACH
Q4 25
$-4.2M
Q3 25
$-8.2M
$997.0K
Q2 25
$-8.2M
$1.9M
Q1 25
$-11.7M
$904.0K
Q4 24
$-8.6M
$-36.1M
Q3 24
$-10.8M
$-5.1M
Q2 24
$-9.3M
$-3.1M
Q1 24
$-10.3M
$4.7M
Gross Margin
DMRC
DMRC
SACH
SACH
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
SACH
SACH
Q4 25
-48.2%
Q3 25
-109.7%
-3.1%
Q2 25
-105.2%
9.9%
Q1 25
-128.9%
9.0%
Q4 24
-105.1%
-131.1%
Q3 24
-120.4%
-32.6%
Q2 24
-96.2%
-20.6%
Q1 24
-109.2%
25.4%
Net Margin
DMRC
DMRC
SACH
SACH
Q4 25
-47.2%
Q3 25
-106.9%
8.3%
Q2 25
-102.6%
17.5%
Q1 25
-125.2%
7.9%
Q4 24
-99.9%
-335.6%
Q3 24
-113.9%
-34.2%
Q2 24
-89.3%
-20.2%
Q1 24
-104.0%
27.8%
EPS (diluted)
DMRC
DMRC
SACH
SACH
Q4 25
$-0.18
Q3 25
$-0.38
$0.00
Q2 25
$-0.38
$0.02
Q1 25
$-0.55
$0.00
Q4 24
$-0.40
$-0.79
Q3 24
$-0.50
$-0.13
Q2 24
$-0.43
$-0.09
Q1 24
$-0.50
$0.08

Balance Sheet & Financial Strength

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

Metric
DMRC
DMRC
SACH
SACH
Cash + ST InvestmentsLiquidity on hand
$12.9M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$175.6M
Total Assets
$53.0M
$484.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
SACH
SACH
Q4 25
$12.9M
Q3 25
$12.6M
$12.6M
Q2 25
$16.1M
$23.5M
Q1 25
$21.6M
$25.8M
Q4 24
$28.7M
$19.6M
Q3 24
$33.7M
$7.4M
Q2 24
$41.5M
$12.4M
Q1 24
$48.9M
$56.8M
Total Debt
DMRC
DMRC
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
$230.2M
Q4 24
$230.2M
Q3 24
$264.7M
Q2 24
$264.7M
Q1 24
$288.4M
Stockholders' Equity
DMRC
DMRC
SACH
SACH
Q4 25
$40.2M
Q3 25
$41.4M
$175.6M
Q2 25
$46.5M
$177.9M
Q1 25
$50.0M
$179.3M
Q4 24
$61.4M
$181.7M
Q3 24
$70.2M
$220.6M
Q2 24
$77.2M
$230.2M
Q1 24
$84.5M
$237.4M
Total Assets
DMRC
DMRC
SACH
SACH
Q4 25
$53.0M
Q3 25
$55.4M
$484.4M
Q2 25
$60.7M
$501.8M
Q1 25
$66.5M
$491.4M
Q4 24
$75.8M
$492.0M
Q3 24
$85.0M
$555.5M
Q2 24
$93.4M
$586.3M
Q1 24
$99.7M
$626.5M
Debt / Equity
DMRC
DMRC
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
1.28×
Q4 24
1.27×
Q3 24
1.20×
Q2 24
1.15×
Q1 24
1.21×

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
SACH
SACH
Operating Cash FlowLast quarter
$991.0K
$4.9M
Free Cash FlowOCF − Capex
$895.0K
FCF MarginFCF / Revenue
10.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DMRC
DMRC
SACH
SACH
Q4 25
$991.0K
Q3 25
$-2.6M
$4.9M
Q2 25
$-4.7M
$501.0K
Q1 25
$-5.5M
$191.0K
Q4 24
$-4.2M
$12.9M
Q3 24
$-7.1M
$2.3M
Q2 24
$-6.8M
$7.0M
Q1 24
$-8.4M
$4.2M
Free Cash Flow
DMRC
DMRC
SACH
SACH
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
SACH
SACH
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
SACH
SACH
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%
Cash Conversion
DMRC
DMRC
SACH
SACH
Q4 25
Q3 25
4.95×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
Q1 24
0.90×

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%

SACH
SACH

Segment breakdown not available.

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