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Digimarc CORP（DMRC）与Identiv, Inc.（INVE）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Identiv, Inc.的1.4倍（$8.9M vs $6.2M），Digimarc CORP净利率更高（-47.2% vs -60.3%，领先13.1%），Digimarc CORP同比增速更快（2.9% vs -7.9%），Identiv, Inc.自由现金流更多（$2.8M vs $895.0K），过去两年Identiv, Inc.的营收复合增速更高（-3.8% 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。
Identiv是一家在纳斯达克上市的公开交易物联网技术公司，专注于物联网领域相关技术研发与业务落地，为相关行业提供专业的技术解决方案与产品服务。
DMRC vs INVE — 直观对比
营收规模更大
DMRC
是对方的1.4倍
$6.2M
营收增速更快
DMRC
高出10.8%
-7.9%
净利率更高
DMRC
高出13.1%
-60.3%
自由现金流更多
INVE
多$1.9M
$895.0K
两年增速更快
INVE
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $6.2M |
| 净利润 | $-4.2M | $-3.7M |
| 毛利率 | 63.5% | 18.1% |
| 营业利润率 | -48.2% | -76.4% |
| 净利率 | -47.2% | -60.3% |
| 营收同比 | 2.9% | -7.9% |
| 净利润同比 | 51.4% | -948.2% |
| 每股收益（稀释后） | $-0.18 | $-0.17 |
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DMRCINVE
| Q4 25 | $8.9M | $6.2M | ||
| Q3 25 | $7.6M | $5.0M | ||
| Q2 25 | $8.0M | $5.0M | ||
| Q1 25 | $9.4M | $5.3M | ||
| Q4 24 | $8.7M | $6.7M | ||
| Q3 24 | $9.4M | $6.5M | ||
| Q2 24 | $10.4M | $6.7M | ||
| Q1 24 | $9.9M | $6.7M |
净利润DMRCINVE
| Q4 25 | $-4.2M | $-3.7M | ||
| Q3 25 | $-8.2M | $-3.5M | ||
| Q2 25 | $-8.2M | $-6.0M | ||
| Q1 25 | $-11.7M | $-4.8M | ||
| Q4 24 | $-8.6M | $-355.0K | ||
| Q3 24 | $-10.8M | $85.9M | ||
| Q2 24 | $-9.3M | $-6.2M | ||
| Q1 24 | $-10.3M | $-4.6M |
毛利率DMRCINVE
| Q4 25 | 63.5% | 18.1% | ||
| Q3 25 | 58.3% | 10.7% | ||
| Q2 25 | 58.8% | -9.4% | ||
| Q1 25 | 65.0% | 2.5% | ||
| Q4 24 | 60.8% | -14.9% | ||
| Q3 24 | 62.4% | 3.6% | ||
| Q2 24 | 66.1% | 9.1% | ||
| Q1 24 | 62.5% | 7.3% |
营业利润率DMRCINVE
| Q4 25 | -48.2% | -76.4% | ||
| Q3 25 | -109.7% | -111.4% | ||
| Q2 25 | -105.2% | -126.7% | ||
| Q1 25 | -128.9% | -103.8% | ||
| Q4 24 | -105.1% | -98.9% | ||
| Q3 24 | -120.4% | -146.2% | ||
| Q2 24 | -96.2% | -99.7% | ||
| Q1 24 | -109.2% | -76.0% |
净利率DMRCINVE
| Q4 25 | -47.2% | -60.3% | ||
| Q3 25 | -106.9% | -68.9% | ||
| Q2 25 | -102.6% | -119.9% | ||
| Q1 25 | -125.2% | -90.9% | ||
| Q4 24 | -99.9% | -5.3% | ||
| Q3 24 | -113.9% | 1315.8% | ||
| Q2 24 | -89.3% | -92.2% | ||
| Q1 24 | -104.0% | -68.5% |
每股收益（稀释后）DMRCINVE
| Q4 25 | $-0.18 | $-0.17 | ||
| Q3 25 | $-0.38 | $-0.15 | ||
| Q2 25 | $-0.38 | $-0.26 | ||
| Q1 25 | $-0.55 | $-0.21 | ||
| Q4 24 | $-0.40 | $0.00 | ||
| Q3 24 | $-0.50 | $3.62 | ||
| Q2 24 | $-0.43 | $-0.27 | ||
| Q1 24 | $-0.50 | $-0.21 |
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 | $12.9M | $128.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $140.7M |
| 总资产 | $53.0M | $151.3M |
| 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DMRCINVE
| Q4 25 | $12.9M | $128.6M | ||
| Q3 25 | $12.6M | $126.3M | ||
| Q2 25 | $16.1M | $129.3M | ||
| Q1 25 | $21.6M | $132.4M | ||
| Q4 24 | $28.7M | $135.6M | ||
| Q3 24 | $33.7M | $145.4M | ||
| Q2 24 | $41.5M | $18.4M | ||
| Q1 24 | $48.9M | $21.6M |
股东权益DMRCINVE
| Q4 25 | $40.2M | $140.7M | ||
| Q3 25 | $41.4M | $143.7M | ||
| Q2 25 | $46.5M | $146.4M | ||
| Q1 25 | $50.0M | $150.5M | ||
| Q4 24 | $61.4M | $154.1M | ||
| Q3 24 | $70.2M | $156.7M | ||
| Q2 24 | $77.2M | $65.1M | ||
| Q1 24 | $84.5M | $70.2M |
总资产DMRCINVE
| Q4 25 | $53.0M | $151.3M | ||
| Q3 25 | $55.4M | $151.0M | ||
| Q2 25 | $60.7M | $153.9M | ||
| Q1 25 | $66.5M | $158.7M | ||
| Q4 24 | $75.8M | $163.2M | ||
| Q3 24 | $85.0M | $177.0M | ||
| Q2 24 | $93.4M | $97.8M | ||
| Q1 24 | $99.7M | $101.8M |
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 | $991.0K | $3.0M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $2.8M |
| 自由现金流率自由现金流/营收 | 10.0% | 45.8% |
| 资本支出强度资本支出/营收 | 1.1% | 3.3% |
| 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 | $-12.3M | $-7.8M |
8季度趋势，按日历期对齐
经营现金流DMRCINVE
| Q4 25 | $991.0K | $3.0M | ||
| Q3 25 | $-2.6M | $-2.9M | ||
| Q2 25 | $-4.7M | $-3.6M | ||
| Q1 25 | $-5.5M | $-3.3M | ||
| Q4 24 | $-4.2M | $-5.9M | ||
| Q3 24 | $-7.1M | $-7.2M | ||
| Q2 24 | $-6.8M | $-993.0K | ||
| Q1 24 | $-8.4M | $-1.3M |
自由现金流DMRCINVE
| Q4 25 | $895.0K | $2.8M | ||
| Q3 25 | $-2.8M | $-3.2M | ||
| Q2 25 | $-4.9M | $-3.8M | ||
| Q1 25 | $-5.5M | $-3.6M | ||
| Q4 24 | $-4.2M | $-6.5M | ||
| Q3 24 | $-7.2M | $-7.7M | ||
| Q2 24 | $-6.9M | $-1.1M | ||
| Q1 24 | $-8.5M | $-1.5M |
自由现金流率DMRCINVE
| Q4 25 | 10.0% | 45.8% | ||
| Q3 25 | -36.9% | -64.5% | ||
| Q2 25 | -61.0% | -75.8% | ||
| Q1 25 | -59.1% | -68.0% | ||
| Q4 24 | -49.1% | -97.7% | ||
| Q3 24 | -75.7% | -118.2% | ||
| Q2 24 | -66.1% | -16.7% | ||
| Q1 24 | -85.8% | -23.0% |
资本支出强度DMRCINVE
| Q4 25 | 1.1% | 3.3% | ||
| Q3 25 | 2.9% | 7.0% | ||
| Q2 25 | 2.5% | 5.0% | ||
| Q1 25 | 0.6% | 5.7% | ||
| Q4 24 | 0.2% | 9.3% | ||
| Q3 24 | 0.7% | 7.7% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 1.1% | 3.5% |
现金转化率DMRCINVE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.08× | ||
| 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
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
INVE
| Other | $3.4M | 55% |
| Europe And Middle East | $2.2M | 36% |
| Asia Pacific | $575.0K | 9% |
