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AIRGAIN INC（AIRG）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
AIRGAIN INC的季度营收约是Digimarc CORP的1.4倍（$12.1M vs $8.9M），AIRGAIN INC净利率更高（-20.1% vs -47.2%，领先27.1%），Digimarc CORP同比增速更快（2.9% vs -19.6%），Digimarc CORP自由现金流更多（$895.0K vs $93.0K），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -7.7%）
Airgain Inc是一家专业无线连接解决方案提供商，主要生产高性能天线、嵌入式无线模块及定制化连接系统，服务覆盖物联网、汽车电子、智能家居、企业网络及电信等核心领域，为各类联网设备提供稳定高速的无线连接支持。
迪吉马克公司是一家企业软件与服务提供商，其主打产品包含带数字标识符的软件，主要用于解决防伪问题、验证产品真伪、提升回收准确性以及实现供应链可追溯，产品可广泛应用于服装、快消品、美妆健康、汽车等多个行业领域。
AIRG vs DMRC — 直观对比
营收规模更大
AIRG
是对方的1.4倍
$8.9M
营收增速更快
DMRC
高出22.5%
-19.6%
净利率更高
AIRG
高出27.1%
-47.2%
自由现金流更多
DMRC
多$802.0K
$93.0K
两年增速更快
DMRC
近两年复合增速
-7.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $12.1M | $8.9M |
| 净利润 | $-2.4M | $-4.2M |
| 毛利率 | 44.8% | 63.5% |
| 营业利润率 | -20.0% | -48.2% |
| 净利率 | -20.1% | -47.2% |
| 营收同比 | -19.6% | 2.9% |
| 净利润同比 | -24.4% | 51.4% |
| 每股收益（稀释后） | $-0.21 | $-0.18 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AIRGDMRC
| Q4 25 | $12.1M | $8.9M | ||
| Q3 25 | $14.0M | $7.6M | ||
| Q2 25 | $13.6M | $8.0M | ||
| Q1 25 | $12.0M | $9.4M | ||
| Q4 24 | $15.1M | $8.7M | ||
| Q3 24 | $16.1M | $9.4M | ||
| Q2 24 | $15.2M | $10.4M | ||
| Q1 24 | $14.2M | $9.9M |
净利润AIRGDMRC
| Q4 25 | $-2.4M | $-4.2M | ||
| Q3 25 | $-964.0K | $-8.2M | ||
| Q2 25 | $-1.5M | $-8.2M | ||
| Q1 25 | $-1.5M | $-11.7M | ||
| Q4 24 | $-2.0M | $-8.6M | ||
| Q3 24 | $-1.8M | $-10.8M | ||
| Q2 24 | $-2.5M | $-9.3M | ||
| Q1 24 | $-2.5M | $-10.3M |
毛利率AIRGDMRC
| Q4 25 | 44.8% | 63.5% | ||
| Q3 25 | 43.6% | 58.3% | ||
| Q2 25 | 42.9% | 58.8% | ||
| Q1 25 | 43.0% | 65.0% | ||
| Q4 24 | 42.2% | 60.8% | ||
| Q3 24 | 41.7% | 62.4% | ||
| Q2 24 | 40.5% | 66.1% | ||
| Q1 24 | 39.2% | 62.5% |
营业利润率AIRGDMRC
| Q4 25 | -20.0% | -48.2% | ||
| Q3 25 | -6.9% | -109.7% | ||
| Q2 25 | -14.7% | -105.2% | ||
| Q1 25 | -25.8% | -128.9% | ||
| Q4 24 | -13.1% | -105.1% | ||
| Q3 24 | -11.3% | -120.4% | ||
| Q2 24 | -16.5% | -96.2% | ||
| Q1 24 | -18.5% | -109.2% |
净利率AIRGDMRC
| Q4 25 | -20.1% | -47.2% | ||
| Q3 25 | -6.9% | -106.9% | ||
| Q2 25 | -10.8% | -102.6% | ||
| Q1 25 | -12.9% | -125.2% | ||
| Q4 24 | -13.0% | -99.9% | ||
| Q3 24 | -10.9% | -113.9% | ||
| Q2 24 | -16.6% | -89.3% | ||
| Q1 24 | -17.3% | -104.0% |
每股收益（稀释后）AIRGDMRC
| Q4 25 | $-0.21 | $-0.18 | ||
| Q3 25 | $-0.08 | $-0.38 | ||
| Q2 25 | $-0.12 | $-0.38 | ||
| Q1 25 | $-0.13 | $-0.55 | ||
| Q4 24 | $-0.17 | $-0.40 | ||
| Q3 24 | $-0.16 | $-0.50 | ||
| Q2 24 | $-0.23 | $-0.43 | ||
| Q1 24 | $-0.23 | $-0.50 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $7.4M | $12.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $28.3M | $40.2M |
| 总资产 | $45.3M | $53.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AIRGDMRC
| Q4 25 | $7.4M | $12.9M | ||
| Q3 25 | $7.1M | $12.6M | ||
| Q2 25 | $7.7M | $16.1M | ||
| Q1 25 | $7.4M | $21.6M | ||
| Q4 24 | $8.5M | $28.7M | ||
| Q3 24 | $7.3M | $33.7M | ||
| Q2 24 | $8.4M | $41.5M | ||
| Q1 24 | $7.2M | $48.9M |
股东权益AIRGDMRC
| Q4 25 | $28.3M | $40.2M | ||
| Q3 25 | $29.7M | $41.4M | ||
| Q2 25 | $29.8M | $46.5M | ||
| Q1 25 | $30.3M | $50.0M | ||
| Q4 24 | $31.0M | $61.4M | ||
| Q3 24 | $30.8M | $70.2M | ||
| Q2 24 | $31.6M | $77.2M | ||
| Q1 24 | $30.5M | $84.5M |
总资产AIRGDMRC
| Q4 25 | $45.3M | $53.0M | ||
| Q3 25 | $45.5M | $55.4M | ||
| Q2 25 | $45.5M | $60.7M | ||
| Q1 25 | $46.1M | $66.5M | ||
| Q4 24 | $48.4M | $75.8M | ||
| Q3 24 | $43.3M | $85.0M | ||
| Q2 24 | $42.4M | $93.4M | ||
| Q1 24 | $42.8M | $99.7M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $194.0K | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $93.0K | $895.0K |
| 自由现金流率自由现金流/营收 | 0.8% | 10.0% |
| 资本支出强度资本支出/营收 | 0.8% | 1.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.3M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流AIRGDMRC
| Q4 25 | $194.0K | $991.0K | ||
| Q3 25 | $-411.0K | $-2.6M | ||
| Q2 25 | $129.0K | $-4.7M | ||
| Q1 25 | $-1.0M | $-5.5M | ||
| Q4 24 | $-26.0K | $-4.2M | ||
| Q3 24 | $-1.2M | $-7.1M | ||
| Q2 24 | $-1.2M | $-6.8M | ||
| Q1 24 | $-1.1M | $-8.4M |
自由现金流AIRGDMRC
| Q4 25 | $93.0K | $895.0K | ||
| Q3 25 | $-418.0K | $-2.8M | ||
| Q2 25 | $113.0K | $-4.9M | ||
| Q1 25 | $-1.1M | $-5.5M | ||
| Q4 24 | $-27.0K | $-4.2M | ||
| Q3 24 | $-1.2M | $-7.2M | ||
| Q2 24 | $-1.3M | $-6.9M | ||
| Q1 24 | $-1.2M | $-8.5M |
自由现金流率AIRGDMRC
| Q4 25 | 0.8% | 10.0% | ||
| Q3 25 | -3.0% | -36.9% | ||
| Q2 25 | 0.8% | -61.0% | ||
| Q1 25 | -8.9% | -59.1% | ||
| Q4 24 | -0.2% | -49.1% | ||
| Q3 24 | -7.5% | -75.7% | ||
| Q2 24 | -8.5% | -66.1% | ||
| Q1 24 | -8.3% | -85.8% |
资本支出强度AIRGDMRC
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 0.0% | 2.9% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.2% | 0.7% | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 0.4% | 1.1% |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AIRG
| Transferred At Point In Time | $11.3M | 93% |
| Other | $803.0K | 7% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
