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CREATIVE REALITIES, INC.（CREX）与Digimarc CORP（DMRC）财务数据对比。点击上方公司名可切换其他公司
CREATIVE REALITIES, INC.的季度营收约是Digimarc CORP的2.7倍（$23.9M vs $8.9M），CREATIVE REALITIES, INC.净利率更高（-8.2% vs -47.2%，领先39.0%），CREATIVE REALITIES, INC.同比增速更快（117.2% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-4.6M），过去两年CREATIVE REALITIES, INC.的营收复合增速更高（39.5% vs -5.3%）
Creative Realities, Inc.是一家端到端沉浸式数字体验解决方案提供商，主营互动数字标牌、内容管理软件及定制体验设计服务，主要面向北美零售、酒店、医疗、企业办公及公共领域客户，助力品牌提升客户参与度与运营效率。
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。
CREX vs DMRC — 直观对比
营收规模更大
CREX
是对方的2.7倍
$8.9M
营收增速更快
CREX
高出114.3%
2.9%
净利率更高
CREX
高出39.0%
-47.2%
自由现金流更多
DMRC
多$5.5M
$-4.6M
两年增速更快
CREX
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $23.9M | $8.9M |
| 净利润 | $-2.0M | $-4.2M |
| 毛利率 | 47.9% | 63.5% |
| 营业利润率 | 1.9% | -48.2% |
| 净利率 | -8.2% | -47.2% |
| 营收同比 | 117.2% | 2.9% |
| 净利润同比 | 30.8% | 51.4% |
| 每股收益（稀释后） | — | $-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CREXDMRC
| Q4 25 | $23.9M | $8.9M | ||
| Q3 25 | $10.5M | $7.6M | ||
| Q2 25 | $13.0M | $8.0M | ||
| Q1 25 | $9.7M | $9.4M | ||
| Q4 24 | $11.0M | $8.7M | ||
| Q3 24 | $14.4M | $9.4M | ||
| Q2 24 | $13.1M | $10.4M | ||
| Q1 24 | $12.3M | $9.9M |
净利润CREXDMRC
| Q4 25 | $-2.0M | $-4.2M | ||
| Q3 25 | $-7.9M | $-8.2M | ||
| Q2 25 | $-1.8M | $-8.2M | ||
| Q1 25 | $3.4M | $-11.7M | ||
| Q4 24 | $-2.8M | $-8.6M | ||
| Q3 24 | $54.0K | $-10.8M | ||
| Q2 24 | $-615.0K | $-9.3M | ||
| Q1 24 | $-109.0K | $-10.3M |
毛利率CREXDMRC
| Q4 25 | 47.9% | 63.5% | ||
| Q3 25 | 45.3% | 58.3% | ||
| Q2 25 | 38.5% | 58.8% | ||
| Q1 25 | 45.7% | 65.0% | ||
| Q4 24 | 44.2% | 60.8% | ||
| Q3 24 | 45.6% | 62.4% | ||
| Q2 24 | 51.8% | 66.1% | ||
| Q1 24 | 46.9% | 62.5% |
营业利润率CREXDMRC
| Q4 25 | 1.9% | -48.2% | ||
| Q3 25 | -68.9% | -109.7% | ||
| Q2 25 | -10.2% | -105.2% | ||
| Q1 25 | -7.4% | -128.9% | ||
| Q4 24 | -6.5% | -105.1% | ||
| Q3 24 | 7.9% | -120.4% | ||
| Q2 24 | 4.5% | -96.2% | ||
| Q1 24 | -0.6% | -109.2% |
净利率CREXDMRC
| Q4 25 | -8.2% | -47.2% | ||
| Q3 25 | -74.5% | -106.9% | ||
| Q2 25 | -13.9% | -102.6% | ||
| Q1 25 | 34.6% | -125.2% | ||
| Q4 24 | -25.8% | -99.9% | ||
| Q3 24 | 0.4% | -113.9% | ||
| Q2 24 | -4.7% | -89.3% | ||
| Q1 24 | -0.9% | -104.0% |
每股收益（稀释后）CREXDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | $-0.75 | $-0.38 | ||
| Q2 25 | $-0.17 | $-0.38 | ||
| Q1 25 | $0.32 | $-0.55 | ||
| Q4 24 | $-0.28 | $-0.40 | ||
| Q3 24 | $0.01 | $-0.50 | ||
| Q2 24 | $-0.06 | $-0.43 | ||
| Q1 24 | $-0.01 | $-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 | $1.6M | $12.9M |
| 总债务越低越好 | $44.0M | — |
| 股东权益账面价值 | $21.5M | $40.2M |
| 总资产 | $151.0M | $53.0M |
| 负债/权益比越低杠杆越低 | 2.04× | — |
8季度趋势，按日历期对齐
现金及短期投资CREXDMRC
| Q4 25 | $1.6M | $12.9M | ||
| Q3 25 | $314.0K | $12.6M | ||
| Q2 25 | $569.0K | $16.1M | ||
| Q1 25 | $1.1M | $21.6M | ||
| Q4 24 | $1.0M | $28.7M | ||
| Q3 24 | $868.0K | $33.7M | ||
| Q2 24 | $4.1M | $41.5M | ||
| Q1 24 | $2.9M | $48.9M |
总债务CREXDMRC
| Q4 25 | $44.0M | — | ||
| Q3 25 | $22.0M | — | ||
| Q2 25 | $19.9M | — | ||
| Q1 25 | $23.0M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $10.7M | — | ||
| Q2 24 | $13.6M | — | ||
| Q1 24 | $12.8M | — |
股东权益CREXDMRC
| Q4 25 | $21.5M | $40.2M | ||
| Q3 25 | $21.9M | $41.4M | ||
| Q2 25 | $29.4M | $46.5M | ||
| Q1 25 | $29.9M | $50.0M | ||
| Q4 24 | $25.5M | $61.4M | ||
| Q3 24 | $28.3M | $70.2M | ||
| Q2 24 | $28.2M | $77.2M | ||
| Q1 24 | $28.8M | $84.5M |
总资产CREXDMRC
| Q4 25 | $151.0M | $53.0M | ||
| Q3 25 | $61.3M | $55.4M | ||
| Q2 25 | $63.7M | $60.7M | ||
| Q1 25 | $67.0M | $66.5M | ||
| Q4 24 | $65.2M | $75.8M | ||
| Q3 24 | $67.6M | $85.0M | ||
| Q2 24 | $69.6M | $93.4M | ||
| Q1 24 | $68.2M | $99.7M |
负债/权益比CREXDMRC
| Q4 25 | 2.04× | — | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 0.68× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.48× | — | ||
| Q1 24 | 0.44× | — |
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 | $-4.5M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | $-4.6M | $895.0K |
| 自由现金流率自由现金流/营收 | -19.1% | 10.0% |
| 资本支出强度资本支出/营收 | 0.4% | 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 | $-8.1M | $-12.3M |
8季度趋势，按日历期对齐
经营现金流CREXDMRC
| Q4 25 | $-4.5M | $991.0K | ||
| Q3 25 | $-1.6M | $-2.6M | ||
| Q2 25 | $773.0K | $-4.7M | ||
| Q1 25 | $-2.4M | $-5.5M | ||
| Q4 24 | $-1.4M | $-4.2M | ||
| Q3 24 | $544.0K | $-7.1M | ||
| Q2 24 | $2.3M | $-6.8M | ||
| Q1 24 | $1.9M | $-8.4M |
自由现金流CREXDMRC
| Q4 25 | $-4.6M | $895.0K | ||
| Q3 25 | $-1.7M | $-2.8M | ||
| Q2 25 | $672.0K | $-4.9M | ||
| Q1 25 | $-2.5M | $-5.5M | ||
| Q4 24 | $-1.4M | $-4.2M | ||
| Q3 24 | $543.0K | $-7.2M | ||
| Q2 24 | $2.3M | $-6.9M | ||
| Q1 24 | $1.9M | $-8.5M |
自由现金流率CREXDMRC
| Q4 25 | -19.1% | 10.0% | ||
| Q3 25 | -16.2% | -36.9% | ||
| Q2 25 | 5.2% | -61.0% | ||
| Q1 25 | -25.2% | -59.1% | ||
| Q4 24 | -12.5% | -49.1% | ||
| Q3 24 | 3.8% | -75.7% | ||
| Q2 24 | 17.3% | -66.1% | ||
| Q1 24 | 15.7% | -85.8% |
资本支出强度CREXDMRC
| Q4 25 | 0.4% | 1.1% | ||
| Q3 25 | 1.0% | 2.9% | ||
| Q2 25 | 0.8% | 2.5% | ||
| Q1 25 | 0.1% | 0.6% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 0.0% | 0.3% | ||
| Q1 24 | 0.0% | 1.1% |
现金转化率CREXDMRC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.07× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
CREX
| Service And Other | $17.3M | 72% |
| Managed Services | $4.7M | 20% |
| Installation Services | $1.7M | 7% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
