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Digimarc CORP（DMRC）与908 Devices Inc.（MASS）财务数据对比。点击上方公司名可切换其他公司
908 Devices Inc.的季度营收约是Digimarc CORP的2.0倍（$17.4M vs $8.9M），908 Devices Inc.净利率更高（24.0% vs -47.2%，领先71.2%），908 Devices Inc.同比增速更快（21.2% vs 2.9%），908 Devices Inc.自由现金流更多（$1.3M vs $895.0K），过去两年908 Devices Inc.的营收复合增速更高（53.0% 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。
908 Devices Inc.是一家专注于研发、生产高性能便携式质谱分析设备及相关解决方案的科技企业，产品覆盖生命科学研究、生物制药制造、公共安全、法医鉴定、工业过程监测等领域，服务全球科研机构、制药企业及政府部门客户。
DMRC vs MASS — 直观对比
营收规模更大
MASS
是对方的2.0倍
$8.9M
营收增速更快
MASS
高出18.3%
2.9%
净利率更高
MASS
高出71.2%
-47.2%
自由现金流更多
MASS
多$418.0K
$895.0K
两年增速更快
MASS
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $17.4M |
| 净利润 | $-4.2M | $4.2M |
| 毛利率 | 63.5% | 52.7% |
| 营业利润率 | -48.2% | 17.8% |
| 净利率 | -47.2% | 24.0% |
| 营收同比 | 2.9% | 21.2% |
| 净利润同比 | 51.4% | 121.5% |
| 每股收益（稀释后） | $-0.18 | $0.09 |
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DMRCMASS
| Q4 25 | $8.9M | $17.4M | ||
| Q3 25 | $7.6M | $14.0M | ||
| Q2 25 | $8.0M | $13.0M | ||
| Q1 25 | $9.4M | $11.8M | ||
| Q4 24 | $8.7M | $14.3M | ||
| Q3 24 | $9.4M | $14.5M | ||
| Q2 24 | $10.4M | $11.5M | ||
| Q1 24 | $9.9M | $7.4M |
净利润DMRCMASS
| Q4 25 | $-4.2M | $4.2M | ||
| Q3 25 | $-8.2M | $-15.0M | ||
| Q2 25 | $-8.2M | $-13.3M | ||
| Q1 25 | $-11.7M | $43.6M | ||
| Q4 24 | $-8.6M | $-19.4M | ||
| Q3 24 | $-10.8M | $-29.3M | ||
| Q2 24 | $-9.3M | $-12.5M | ||
| Q1 24 | $-10.3M | $-10.9M |
毛利率DMRCMASS
| Q4 25 | 63.5% | 52.7% | ||
| Q3 25 | 58.3% | 52.5% | ||
| Q2 25 | 58.8% | 48.9% | ||
| Q1 25 | 65.0% | 47.0% | ||
| Q4 24 | 60.8% | 46.5% | ||
| Q3 24 | 62.4% | 53.6% | ||
| Q2 24 | 66.1% | 53.8% | ||
| Q1 24 | 62.5% | 52.4% |
营业利润率DMRCMASS
| Q4 25 | -48.2% | 17.8% | ||
| Q3 25 | -109.7% | -116.6% | ||
| Q2 25 | -105.2% | -116.3% | ||
| Q1 25 | -128.9% | -93.6% | ||
| Q4 24 | -105.1% | -116.8% | ||
| Q3 24 | -120.4% | -168.7% | ||
| Q2 24 | -96.2% | -74.5% | ||
| Q1 24 | -109.2% | -102.5% |
净利率DMRCMASS
| Q4 25 | -47.2% | 24.0% | ||
| Q3 25 | -106.9% | -107.0% | ||
| Q2 25 | -102.6% | -102.1% | ||
| Q1 25 | -125.2% | 370.2% | ||
| Q4 24 | -99.9% | -135.6% | ||
| Q3 24 | -113.9% | -201.8% | ||
| Q2 24 | -89.3% | -109.5% | ||
| Q1 24 | -104.0% | -147.1% |
每股收益（稀释后）DMRCMASS
| Q4 25 | $-0.18 | $0.09 | ||
| Q3 25 | $-0.38 | $-0.41 | ||
| Q2 25 | $-0.38 | $-0.37 | ||
| Q1 25 | $-0.55 | $1.23 | ||
| Q4 24 | $-0.40 | $-0.58 | ||
| Q3 24 | $-0.50 | $-0.84 | ||
| Q2 24 | $-0.43 | $-0.37 | ||
| Q1 24 | $-0.50 | $-0.33 |
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 | $113.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $143.7M |
| 总资产 | $53.0M | $190.1M |
| 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DMRCMASS
| Q4 25 | $12.9M | $113.0M | ||
| Q3 25 | $12.6M | $112.1M | ||
| Q2 25 | $16.1M | $118.6M | ||
| Q1 25 | $21.6M | $124.3M | ||
| Q4 24 | $28.7M | $69.6M | ||
| Q3 24 | $33.7M | $71.7M | ||
| Q2 24 | $41.5M | $77.4M | ||
| Q1 24 | $48.9M | $134.2M |
股东权益DMRCMASS
| Q4 25 | $40.2M | $143.7M | ||
| Q3 25 | $41.4M | $136.3M | ||
| Q2 25 | $46.5M | $148.8M | ||
| Q1 25 | $50.0M | $159.4M | ||
| Q4 24 | $61.4M | $114.6M | ||
| Q3 24 | $70.2M | $131.0M | ||
| Q2 24 | $77.2M | $156.4M | ||
| Q1 24 | $84.5M | $156.9M |
总资产DMRCMASS
| Q4 25 | $53.0M | $190.1M | ||
| Q3 25 | $55.4M | $190.9M | ||
| Q2 25 | $60.7M | $191.7M | ||
| Q1 25 | $66.5M | $196.0M | ||
| Q4 24 | $75.8M | $159.5M | ||
| Q3 24 | $85.0M | $178.3M | ||
| Q2 24 | $93.4M | $208.8M | ||
| Q1 24 | $99.7M | $189.8M |
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 | $1.3M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $1.3M |
| 自由现金流率自由现金流/营收 | 10.0% | 7.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 0.32× |
| 过去12个月自由现金流最近4个季度 | $-12.3M | $-24.7M |
8季度趋势，按日历期对齐
经营现金流DMRCMASS
| Q4 25 | $991.0K | $1.3M | ||
| Q3 25 | $-2.6M | $-4.2M | ||
| Q2 25 | $-4.7M | $-5.8M | ||
| Q1 25 | $-5.5M | $-15.0M | ||
| Q4 24 | $-4.2M | $-2.2M | ||
| Q3 24 | $-7.1M | $-5.6M | ||
| Q2 24 | $-6.8M | $-13.0M | ||
| Q1 24 | $-8.4M | $-9.4M |
自由现金流DMRCMASS
| Q4 25 | $895.0K | $1.3M | ||
| Q3 25 | $-2.8M | $-4.9M | ||
| Q2 25 | $-4.9M | $-5.9M | ||
| Q1 25 | $-5.5M | $-15.2M | ||
| Q4 24 | $-4.2M | $-2.4M | ||
| Q3 24 | $-7.2M | $-5.8M | ||
| Q2 24 | $-6.9M | $-13.7M | ||
| Q1 24 | $-8.5M | $-10.3M |
自由现金流率DMRCMASS
| Q4 25 | 10.0% | 7.6% | ||
| Q3 25 | -36.9% | -34.9% | ||
| Q2 25 | -61.0% | -45.3% | ||
| Q1 25 | -59.1% | -128.9% | ||
| Q4 24 | -49.1% | -17.0% | ||
| Q3 24 | -75.7% | -39.7% | ||
| Q2 24 | -66.1% | -119.4% | ||
| Q1 24 | -85.8% | -138.2% |
资本支出强度DMRCMASS
| Q4 25 | 1.1% | 0.0% | ||
| Q3 25 | 2.9% | 4.9% | ||
| Q2 25 | 2.5% | 0.9% | ||
| Q1 25 | 0.6% | 1.4% | ||
| Q4 24 | 0.2% | 1.3% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | 0.3% | 5.6% | ||
| Q1 24 | 1.1% | 12.2% |
现金转化率DMRCMASS
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.34× | ||
| 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
DMRC
| Subscription | $5.3M | 60% |
| The Government | $3.6M | 41% |
MASS
| Products | $14.3M | 82% |
| Services | $3.0M | 18% |
