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Side-by-side financial comparison of Digimarc CORP (DMRC) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $8.9M, roughly 1.9× Digimarc CORP). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -47.2%, a 114.5% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 2.9%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

DMRC vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.9× larger
SLGL
$17.3M
$8.9M
DMRC
Growing faster (revenue YoY)
SLGL
SLGL
+214.8% gap
SLGL
217.7%
2.9%
DMRC
Higher net margin
SLGL
SLGL
114.5% more per $
SLGL
67.3%
-47.2%
DMRC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
DMRC
DMRC
SLGL
SLGL
Revenue
$8.9M
$17.3M
Net Profit
$-4.2M
$11.6M
Gross Margin
63.5%
Operating Margin
-48.2%
65.1%
Net Margin
-47.2%
67.3%
Revenue YoY
2.9%
217.7%
Net Profit YoY
51.4%
487.6%
EPS (diluted)
$-0.18
$4.17

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
SLGL
SLGL
Q4 25
$8.9M
Q3 25
$7.6M
Q2 25
$8.0M
$17.3M
Q1 25
$9.4M
Q4 24
$8.7M
Q3 24
$9.4M
Q2 24
$10.4M
$5.4M
Q1 24
$9.9M
Net Profit
DMRC
DMRC
SLGL
SLGL
Q4 25
$-4.2M
Q3 25
$-8.2M
Q2 25
$-8.2M
$11.6M
Q1 25
$-11.7M
Q4 24
$-8.6M
Q3 24
$-10.8M
Q2 24
$-9.3M
$2.0M
Q1 24
$-10.3M
Gross Margin
DMRC
DMRC
SLGL
SLGL
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
SLGL
SLGL
Q4 25
-48.2%
Q3 25
-109.7%
Q2 25
-105.2%
65.1%
Q1 25
-128.9%
Q4 24
-105.1%
Q3 24
-120.4%
Q2 24
-96.2%
29.9%
Q1 24
-109.2%
Net Margin
DMRC
DMRC
SLGL
SLGL
Q4 25
-47.2%
Q3 25
-106.9%
Q2 25
-102.6%
67.3%
Q1 25
-125.2%
Q4 24
-99.9%
Q3 24
-113.9%
Q2 24
-89.3%
36.4%
Q1 24
-104.0%
EPS (diluted)
DMRC
DMRC
SLGL
SLGL
Q4 25
$-0.18
Q3 25
$-0.38
Q2 25
$-0.38
$4.17
Q1 25
$-0.55
Q4 24
$-0.40
Q3 24
$-0.50
Q2 24
$-0.43
$0.71
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
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$12.9M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$40.2M
$31.9M
Total Assets
$53.0M
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DMRC
DMRC
SLGL
SLGL
Q4 25
$12.9M
Q3 25
$12.6M
Q2 25
$16.1M
$24.3M
Q1 25
$21.6M
Q4 24
$28.7M
Q3 24
$33.7M
Q2 24
$41.5M
$26.5M
Q1 24
$48.9M
Stockholders' Equity
DMRC
DMRC
SLGL
SLGL
Q4 25
$40.2M
Q3 25
$41.4M
Q2 25
$46.5M
$31.9M
Q1 25
$50.0M
Q4 24
$61.4M
Q3 24
$70.2M
Q2 24
$77.2M
$34.9M
Q1 24
$84.5M
Total Assets
DMRC
DMRC
SLGL
SLGL
Q4 25
$53.0M
Q3 25
$55.4M
Q2 25
$60.7M
$39.3M
Q1 25
$66.5M
Q4 24
$75.8M
Q3 24
$85.0M
Q2 24
$93.4M
$42.0M
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
SLGL
SLGL
Operating Cash FlowLast quarter
$991.0K
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
SLGL
SLGL
Q4 25
$991.0K
Q3 25
$-2.6M
Q2 25
$-4.7M
Q1 25
$-5.5M
Q4 24
$-4.2M
Q3 24
$-7.1M
Q2 24
$-6.8M
Q1 24
$-8.4M
Free Cash Flow
DMRC
DMRC
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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%

SLGL
SLGL

Segment breakdown not available.

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