vs
Digimarc CORP（DMRC）与Roadzen Inc.（RDZN）财务数据对比。点击上方公司名可切换其他公司
Roadzen Inc.的季度营收约是Digimarc CORP的1.6倍（$14.4M vs $8.9M），Digimarc CORP净利率更高（-47.2% vs -63.7%，领先16.5%），Roadzen Inc.同比增速更快（18.8% vs 2.9%），过去两年Roadzen Inc.的营收复合增速更高（19.8% 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。
Roadzen Inc是一家全球化保险科技企业，主打AI驱动的车险、出行风险管理及联网车辆服务，客户覆盖保险公司、车队运营商及汽车行业企业，业务遍及北美、欧洲、亚洲市场，致力于优化保险运营流程、降低风险成本并提升用户体验。
DMRC vs RDZN — 直观对比
营收规模更大
RDZN
是对方的1.6倍
$8.9M
营收增速更快
RDZN
高出15.9%
2.9%
净利率更高
DMRC
高出16.5%
-63.7%
两年增速更快
RDZN
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $14.4M |
| 净利润 | $-4.2M | $-9.1M |
| 毛利率 | 63.5% | 63.7% |
| 营业利润率 | -48.2% | -16.5% |
| 净利率 | -47.2% | -63.7% |
| 营收同比 | 2.9% | 18.8% |
| 净利润同比 | 51.4% | -263.4% |
| 每股收益（稀释后） | $-0.18 | $-0.12 |
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DMRCRDZN
| Q4 25 | $8.9M | $14.4M | ||
| Q3 25 | $7.6M | $13.7M | ||
| Q2 25 | $8.0M | $10.9M | ||
| Q1 25 | $9.4M | $11.4M | ||
| Q4 24 | $8.7M | $12.1M | ||
| Q3 24 | $9.4M | $11.9M | ||
| Q2 24 | $10.4M | $8.9M | ||
| Q1 24 | $9.9M | $10.0M |
净利润DMRCRDZN
| Q4 25 | $-4.2M | $-9.1M | ||
| Q3 25 | $-8.2M | $-2.1M | ||
| Q2 25 | $-8.2M | $-4.0M | ||
| Q1 25 | $-11.7M | $-135.7K | ||
| Q4 24 | $-8.6M | $-2.5M | ||
| Q3 24 | $-10.8M | $-21.8M | ||
| Q2 24 | $-9.3M | $-48.4M | ||
| Q1 24 | $-10.3M | $-34.0M |
毛利率DMRCRDZN
| Q4 25 | 63.5% | 63.7% | ||
| Q3 25 | 58.3% | 55.7% | ||
| Q2 25 | 58.8% | 58.9% | ||
| Q1 25 | 65.0% | 65.7% | ||
| Q4 24 | 60.8% | 64.6% | ||
| Q3 24 | 62.4% | 56.1% | ||
| Q2 24 | 66.1% | 39.2% | ||
| Q1 24 | 62.5% | 73.4% |
营业利润率DMRCRDZN
| Q4 25 | -48.2% | -16.5% | ||
| Q3 25 | -109.7% | -24.4% | ||
| Q2 25 | -105.2% | -23.2% | ||
| Q1 25 | -128.9% | -32.5% | ||
| Q4 24 | -105.1% | -26.2% | ||
| Q3 24 | -120.4% | -198.3% | ||
| Q2 24 | -96.2% | -340.3% | ||
| Q1 24 | -109.2% | -349.1% |
净利率DMRCRDZN
| Q4 25 | -47.2% | -63.7% | ||
| Q3 25 | -106.9% | -15.4% | ||
| Q2 25 | -102.6% | -36.9% | ||
| Q1 25 | -125.2% | -1.2% | ||
| Q4 24 | -99.9% | -20.8% | ||
| Q3 24 | -113.9% | -183.7% | ||
| Q2 24 | -89.3% | -542.0% | ||
| Q1 24 | -104.0% | -339.7% |
每股收益（稀释后）DMRCRDZN
| Q4 25 | $-0.18 | $-0.12 | ||
| Q3 25 | $-0.38 | $-0.03 | ||
| Q2 25 | $-0.38 | $-0.05 | ||
| Q1 25 | $-0.55 | $0.03 | ||
| Q4 24 | $-0.40 | $-0.04 | ||
| Q3 24 | $-0.50 | $-0.32 | ||
| Q2 24 | $-0.43 | $-0.71 | ||
| Q1 24 | $-0.50 | $6.32 |
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 | $5.1M |
| 总债务越低越好 | — | $4.8M |
| 股东权益账面价值 | $40.2M | $-26.6M |
| 总资产 | $53.0M | $44.9M |
| 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DMRCRDZN
| Q4 25 | $12.9M | $5.1M | ||
| Q3 25 | $12.6M | $5.0M | ||
| Q2 25 | $16.1M | $3.1M | ||
| Q1 25 | $21.6M | $4.8M | ||
| Q4 24 | $28.7M | $5.8M | ||
| Q3 24 | $33.7M | $6.0M | ||
| Q2 24 | $41.5M | $7.8M | ||
| Q1 24 | $48.9M | $11.2M |
总债务DMRCRDZN
| Q4 25 | — | $4.8M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $150.3K | ||
| Q1 25 | — | $139.8K | ||
| Q4 24 | — | $117.1K | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $1.5M |
股东权益DMRCRDZN
| Q4 25 | $40.2M | $-26.6M | ||
| Q3 25 | $41.4M | $-28.0M | ||
| Q2 25 | $46.5M | $-28.1M | ||
| Q1 25 | $50.0M | $-25.1M | ||
| Q4 24 | $61.4M | $-29.2M | ||
| Q3 24 | $70.2M | $-33.1M | ||
| Q2 24 | $77.2M | $-32.5M | ||
| Q1 24 | $84.5M | $-10.1M |
总资产DMRCRDZN
| Q4 25 | $53.0M | $44.9M | ||
| Q3 25 | $55.4M | $41.5M | ||
| Q2 25 | $60.7M | $33.0M | ||
| Q1 25 | $66.5M | $32.6M | ||
| Q4 24 | $75.8M | $32.0M | ||
| Q3 24 | $85.0M | $29.1M | ||
| Q2 24 | $93.4M | $34.1M | ||
| Q1 24 | $99.7M | $58.1M |
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 | $-7.5M |
| 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 | 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 | $-12.3M | — |
8季度趋势，按日历期对齐
经营现金流DMRCRDZN
| Q4 25 | $991.0K | $-7.5M | ||
| Q3 25 | $-2.6M | $-6.1M | ||
| Q2 25 | $-4.7M | $-2.9M | ||
| Q1 25 | $-5.5M | $-18.1M | ||
| Q4 24 | $-4.2M | $-3.2M | ||
| Q3 24 | $-7.1M | $-5.6M | ||
| Q2 24 | $-6.8M | $-5.7M | ||
| Q1 24 | $-8.4M | $-19.2M |
自由现金流DMRCRDZN
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | — | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-5.5M | $-18.6M | ||
| Q4 24 | $-4.2M | — | ||
| Q3 24 | $-7.2M | — | ||
| Q2 24 | $-6.9M | — | ||
| Q1 24 | $-8.5M | $-19.7M |
自由现金流率DMRCRDZN
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | — | ||
| Q2 25 | -61.0% | — | ||
| Q1 25 | -59.1% | -162.8% | ||
| Q4 24 | -49.1% | — | ||
| Q3 24 | -75.7% | — | ||
| Q2 24 | -66.1% | — | ||
| Q1 24 | -85.8% | -196.7% |
资本支出强度DMRCRDZN
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 0.6% | 3.7% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.1% | 4.6% |
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% |
RDZN
| Insurance Service | $8.0M | 56% |
| Commision And Distrubution Service | $6.4M | 44% |
