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BTCS Inc.（BTCS）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
Digimarc CORP的季度营收约是BTCS Inc.的1.3倍（$8.9M vs $7.1M），BTCS Inc.同比增速更快（205.5% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-9.8M），过去两年BTCS Inc.的营收复合增速更高（296.4% vs -5.3%）
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。
BTCS vs DMRC — 直观对比
营收规模更大
DMRC
是对方的1.3倍
$7.1M
营收增速更快
BTCS
高出202.6%
2.9%
自由现金流更多
DMRC
多$10.7M
$-9.8M
两年增速更快
BTCS
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $7.1M | $8.9M |
| 净利润 | — | $-4.2M |
| 毛利率 | 12.4% | 63.5% |
| 营业利润率 | — | -48.2% |
| 净利率 | — | -47.2% |
| 营收同比 | 205.5% | 2.9% |
| 净利润同比 | — | 51.4% |
| 每股收益（稀释后） | $-1.58 | $-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BTCSDMRC
| Q4 25 | $7.1M | $8.9M | ||
| Q3 25 | $4.9M | $7.6M | ||
| Q2 25 | $2.8M | $8.0M | ||
| Q1 25 | $1.7M | $9.4M | ||
| Q4 24 | $2.3M | $8.7M | ||
| Q3 24 | $739.2K | $9.4M | ||
| Q2 24 | $561.2K | $10.4M | ||
| Q1 24 | $451.4K | $9.9M |
净利润BTCSDMRC
| Q4 25 | — | $-4.2M | ||
| Q3 25 | $65.6M | $-8.2M | ||
| Q2 25 | $3.9M | $-8.2M | ||
| Q1 25 | $-17.3M | $-11.7M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-9.0M | $-10.8M | ||
| Q2 24 | $-6.7M | $-9.3M | ||
| Q1 24 | $12.3M | $-10.3M |
毛利率BTCSDMRC
| Q4 25 | 12.4% | 63.5% | ||
| Q3 25 | 22.0% | 58.3% | ||
| Q2 25 | -2.9% | 58.8% | ||
| Q1 25 | 7.1% | 65.0% | ||
| Q4 24 | 2.9% | 60.8% | ||
| Q3 24 | 26.5% | 62.4% | ||
| Q2 24 | 69.9% | 66.1% | ||
| Q1 24 | 64.4% | 62.5% |
营业利润率BTCSDMRC
| Q4 25 | — | -48.2% | ||
| Q3 25 | — | -109.7% | ||
| Q2 25 | — | -105.2% | ||
| Q1 25 | — | -128.9% | ||
| Q4 24 | — | -105.1% | ||
| Q3 24 | — | -120.4% | ||
| Q2 24 | — | -96.2% | ||
| Q1 24 | — | -109.2% |
净利率BTCSDMRC
| Q4 25 | — | -47.2% | ||
| Q3 25 | 1328.1% | -106.9% | ||
| Q2 25 | 140.0% | -102.6% | ||
| Q1 25 | -1022.5% | -125.2% | ||
| Q4 24 | — | -99.9% | ||
| Q3 24 | -1223.0% | -113.9% | ||
| Q2 24 | -1198.9% | -89.3% | ||
| Q1 24 | 2715.3% | -104.0% |
每股收益（稀释后）BTCSDMRC
| Q4 25 | $-1.58 | $-0.18 | ||
| Q3 25 | $1.30 | $-0.38 | ||
| Q2 25 | $0.14 | $-0.38 | ||
| Q1 25 | $-0.86 | $-0.55 | ||
| Q4 24 | $0.28 | $-0.40 | ||
| Q3 24 | $-0.56 | $-0.50 | ||
| Q2 24 | $-0.43 | $-0.43 | ||
| Q1 24 | $0.63 | $-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 | $1.5M | $12.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $139.4M | $40.2M |
| 总资产 | $214.6M | $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BTCSDMRC
| Q4 25 | $1.5M | $12.9M | ||
| Q3 25 | $4.5M | $12.6M | ||
| Q2 25 | $639.2K | $16.1M | ||
| Q1 25 | $269.9K | $21.6M | ||
| Q4 24 | $2.0M | $28.7M | ||
| Q3 24 | $254.5K | $33.7M | ||
| Q2 24 | $536.7K | $41.5M | ||
| Q1 24 | $670.6K | $48.9M |
股东权益BTCSDMRC
| Q4 25 | $139.4M | $40.2M | ||
| Q3 25 | $225.4M | $41.4M | ||
| Q2 25 | $31.1M | $46.5M | ||
| Q1 25 | $20.6M | $50.0M | ||
| Q4 24 | $34.0M | $61.4M | ||
| Q3 24 | $25.2M | $70.2M | ||
| Q2 24 | $33.1M | $77.2M | ||
| Q1 24 | $39.3M | $84.5M |
总资产BTCSDMRC
| Q4 25 | $214.6M | $53.0M | ||
| Q3 25 | $298.9M | $55.4M | ||
| Q2 25 | $40.8M | $60.7M | ||
| Q1 25 | $21.0M | $66.5M | ||
| Q4 24 | $38.2M | $75.8M | ||
| Q3 24 | $26.5M | $85.0M | ||
| Q2 24 | $33.8M | $93.4M | ||
| Q1 24 | $39.5M | $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 | $-9.8M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-9.8M | $895.0K |
| 自由现金流率自由现金流/营收 | -138.1% | 10.0% |
| 资本支出强度资本支出/营收 | 0.2% | 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 | $-15.8M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流BTCSDMRC
| Q4 25 | $-9.8M | $991.0K | ||
| Q3 25 | $-2.8M | $-2.6M | ||
| Q2 25 | $-1.3M | $-4.7M | ||
| Q1 25 | $-1.9M | $-5.5M | ||
| Q4 24 | $-3.5M | $-4.2M | ||
| Q3 24 | $-695.2K | $-7.1M | ||
| Q2 24 | $-924.1K | $-6.8M | ||
| Q1 24 | $-769.0K | $-8.4M |
自由现金流BTCSDMRC
| Q4 25 | $-9.8M | $895.0K | ||
| Q3 25 | $-2.8M | $-2.8M | ||
| Q2 25 | $-1.3M | $-4.9M | ||
| Q1 25 | $-1.9M | $-5.5M | ||
| Q4 24 | $-3.5M | $-4.2M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | — | $-6.9M | ||
| Q1 24 | — | $-8.5M |
自由现金流率BTCSDMRC
| Q4 25 | -138.1% | 10.0% | ||
| Q3 25 | -56.7% | -36.9% | ||
| Q2 25 | -48.2% | -61.0% | ||
| Q1 25 | -112.7% | -59.1% | ||
| Q4 24 | -152.2% | -49.1% | ||
| Q3 24 | — | -75.7% | ||
| Q2 24 | — | -66.1% | ||
| Q1 24 | — | -85.8% |
资本支出强度BTCSDMRC
| Q4 25 | 0.2% | 1.1% | ||
| Q3 25 | 0.1% | 2.9% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 1.1% |
现金转化率BTCSDMRC
| Q4 25 | — | — | ||
| Q3 25 | -0.04× | — | ||
| Q2 25 | -0.34× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.06× | — |
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
BTCS
| Builder Plus | $5.9M | 83% |
| Other | $1.2M | 17% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
