vs
DeFi Development Corp.（DFDV）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DeFi Development Corp.的1.9倍（$8.9M vs $4.6M），DeFi Development Corp.净利率更高（1211.4% vs -47.2%，领先1258.6%），DeFi Development Corp.同比增速更快（647.2% vs 2.9%），过去两年DeFi Development Corp.的营收复合增速更高（181.5% vs -5.3%）
ADD汽车设计开发曾是一家英国企业，因打造外观极具未来感的Nova组装套件车为人熟知。该公司1971年至1973年总部位于南安普敦，后迁至兰开夏郡阿克灵顿运营至1975年。公司停业后，Nova车型相关产权在1978年被西约克郡的Nova Cars收购，后续还曾有小批量生产。
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。
DFDV vs DMRC — 直观对比
营收规模更大
DMRC
是对方的1.9倍
$4.6M
营收增速更快
DFDV
高出644.3%
2.9%
净利率更高
DFDV
高出1258.6%
-47.2%
两年增速更快
DFDV
近两年复合增速
-5.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.6M | $8.9M |
| 净利润 | $56.0M | $-4.2M |
| 毛利率 | 98.1% | 63.5% |
| 营业利润率 | — | -48.2% |
| 净利率 | 1211.4% | -47.2% |
| 营收同比 | 647.2% | 2.9% |
| 净利润同比 | 11995.1% | 51.4% |
| 每股收益（稀释后） | $1.95 | $-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DFDVDMRC
| Q4 25 | — | $8.9M | ||
| Q3 25 | $4.6M | $7.6M | ||
| Q2 25 | $2.0M | $8.0M | ||
| Q1 25 | $287.2K | $9.4M | ||
| Q4 24 | $628.9K | $8.7M | ||
| Q3 24 | $619.0K | $9.4M | ||
| Q2 24 | $441.0K | $10.4M | ||
| Q1 24 | $411.1K | $9.9M |
净利润DFDVDMRC
| Q4 25 | — | $-4.2M | ||
| Q3 25 | $56.0M | $-8.2M | ||
| Q2 25 | $15.4M | $-8.2M | ||
| Q1 25 | $-778.0K | $-11.7M | ||
| Q4 24 | $-487.0K | $-8.6M | ||
| Q3 24 | $-471.0K | $-10.8M | ||
| Q2 24 | $-805.0K | $-9.3M | ||
| Q1 24 | $-964.0K | $-10.3M |
毛利率DFDVDMRC
| Q4 25 | — | 63.5% | ||
| Q3 25 | 98.1% | 58.3% | ||
| Q2 25 | 98.6% | 58.8% | ||
| Q1 25 | — | 65.0% | ||
| Q4 24 | 98.8% | 60.8% | ||
| Q3 24 | 98.7% | 62.4% | ||
| Q2 24 | 98.2% | 66.1% | ||
| Q1 24 | 97.9% | 62.5% |
营业利润率DFDVDMRC
| Q4 25 | — | -48.2% | ||
| Q3 25 | — | -109.7% | ||
| Q2 25 | — | -105.2% | ||
| Q1 25 | -307.5% | -128.9% | ||
| Q4 24 | -107.9% | -105.1% | ||
| Q3 24 | -73.3% | -120.4% | ||
| Q2 24 | -193.2% | -96.2% | ||
| Q1 24 | -247.7% | -109.2% |
净利率DFDVDMRC
| Q4 25 | — | -47.2% | ||
| Q3 25 | 1211.4% | -106.9% | ||
| Q2 25 | 777.0% | -102.6% | ||
| Q1 25 | -270.9% | -125.2% | ||
| Q4 24 | -77.4% | -99.9% | ||
| Q3 24 | -76.1% | -113.9% | ||
| Q2 24 | -182.5% | -89.3% | ||
| Q1 24 | -234.5% | -104.0% |
每股收益（稀释后）DFDVDMRC
| Q4 25 | — | $-0.18 | ||
| Q3 25 | $1.95 | $-0.38 | ||
| Q2 25 | $0.84 | $-0.38 | ||
| Q1 25 | $-0.55 | $-0.55 | ||
| Q4 24 | $0.55 | $-0.40 | ||
| Q3 24 | $-0.05 | $-0.50 | ||
| Q2 24 | $-0.08 | $-0.43 | ||
| Q1 24 | $-0.70 | $-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 | $1.4M | $12.9M |
| 总债务越低越好 | $131.4M | — |
| 股东权益账面价值 | $243.8M | $40.2M |
| 总资产 | $480.0M | $53.0M |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资DFDVDMRC
| Q4 25 | — | $12.9M | ||
| Q3 25 | $1.4M | $12.6M | ||
| Q2 25 | $595.0K | $16.1M | ||
| Q1 25 | $2.2M | $21.6M | ||
| Q4 24 | $2.8M | $28.7M | ||
| Q3 24 | $2.8M | $33.7M | ||
| Q2 24 | $3.2M | $41.5M | ||
| Q1 24 | $3.9M | $48.9M |
总债务DFDVDMRC
| Q4 25 | — | — | ||
| Q3 25 | $131.4M | — | ||
| Q2 25 | $21.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFDVDMRC
| Q4 25 | — | $40.2M | ||
| Q3 25 | $243.8M | $41.4M | ||
| Q2 25 | $79.6M | $46.5M | ||
| Q1 25 | $2.8M | $50.0M | ||
| Q4 24 | $3.5M | $61.4M | ||
| Q3 24 | $4.0M | $70.2M | ||
| Q2 24 | $4.3M | $77.2M | ||
| Q1 24 | $5.0M | $84.5M |
总资产DFDVDMRC
| Q4 25 | — | $53.0M | ||
| Q3 25 | $480.0M | $55.4M | ||
| Q2 25 | $107.2M | $60.7M | ||
| Q1 25 | $4.2M | $66.5M | ||
| Q4 24 | $4.4M | $75.8M | ||
| Q3 24 | $4.5M | $85.0M | ||
| Q2 24 | $4.8M | $93.4M | ||
| Q1 24 | $5.5M | $99.7M |
负债/权益比DFDVDMRC
| Q4 25 | — | — | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.0M | $991.0K |
| 自由现金流经营现金流 - 资本支出 | — | $895.0K |
| 自由现金流率自由现金流/营收 | — | 10.0% |
| 资本支出强度资本支出/营收 | 0.0% | 1.1% |
| 现金转化率经营现金流/净利润 | -0.09× | — |
| 过去12个月自由现金流最近4个季度 | — | $-12.3M |
8季度趋势，按日历期对齐
经营现金流DFDVDMRC
| Q4 25 | — | $991.0K | ||
| Q3 25 | $-5.0M | $-2.6M | ||
| Q2 25 | $-1.3M | $-4.7M | ||
| Q1 25 | $-785.6K | $-5.5M | ||
| Q4 24 | $-2.4M | $-4.2M | ||
| Q3 24 | $-412.0K | $-7.1M | ||
| Q2 24 | $-680.8K | $-6.8M | ||
| Q1 24 | $-1.1M | $-8.4M |
自由现金流DFDVDMRC
| Q4 25 | — | $895.0K | ||
| Q3 25 | — | $-2.8M | ||
| Q2 25 | — | $-4.9M | ||
| Q1 25 | — | $-5.5M | ||
| Q4 24 | $-2.4M | $-4.2M | ||
| Q3 24 | — | $-7.2M | ||
| Q2 24 | $-687.4K | $-6.9M | ||
| Q1 24 | $-1.2M | $-8.5M |
自由现金流率DFDVDMRC
| Q4 25 | — | 10.0% | ||
| Q3 25 | — | -36.9% | ||
| Q2 25 | — | -61.0% | ||
| Q1 25 | — | -59.1% | ||
| Q4 24 | -388.2% | -49.1% | ||
| Q3 24 | — | -75.7% | ||
| Q2 24 | -155.9% | -66.1% | ||
| Q1 24 | -280.3% | -85.8% |
资本支出强度DFDVDMRC
| Q4 25 | — | 1.1% | ||
| Q3 25 | 0.0% | 2.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 3.7% | 0.2% | ||
| Q3 24 | 0.0% | 0.7% | ||
| Q2 24 | 1.5% | 0.3% | ||
| Q1 24 | 1.6% | 1.1% |
现金转化率DFDVDMRC
| Q4 25 | — | — | ||
| Q3 25 | -0.09× | — | ||
| Q2 25 | -0.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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
DFDV
| Digital Asset Treasury | $3.8M | 82% |
| Other | $831.0K | 18% |
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
