vs
Digimarc CORP（DMRC）与Soluna Holdings, Inc（SLNH）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Soluna Holdings, Inc的1.1倍（$8.9M vs $8.4M），Digimarc CORP净利率更高（-47.2% vs -284.7%，领先237.5%），Soluna Holdings, Inc同比增速更快（11.8% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-6.8M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -8.8%）
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。
DMRC vs SLNH — 直观对比
营收规模更大
DMRC
是对方的1.1倍
$8.4M
营收增速更快
SLNH
高出8.9%
2.9%
净利率更高
DMRC
高出237.5%
-284.7%
自由现金流更多
DMRC
多$7.7M
$-6.8M
两年增速更快
DMRC
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $8.4M |
| 净利润 | $-4.2M | $-24.0M |
| 毛利率 | 63.5% | 9.5% |
| 营业利润率 | -48.2% | -92.5% |
| 净利率 | -47.2% | -284.7% |
| 营收同比 | 2.9% | 11.8% |
| 净利润同比 | 51.4% | -233.2% |
| 每股收益（稀释后） | $-0.18 | $-1.14 |
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DMRCSLNH
| Q4 25 | $8.9M | — | ||
| Q3 25 | $7.6M | $8.4M | ||
| Q2 25 | $8.0M | $6.2M | ||
| Q1 25 | $9.4M | $5.9M | ||
| Q4 24 | $8.7M | $8.3M | ||
| Q3 24 | $9.4M | $7.5M | ||
| Q2 24 | $10.4M | $9.7M | ||
| Q1 24 | $9.9M | $12.5M |
净利润DMRCSLNH
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $-8.2M | $-24.0M | ||
| Q2 25 | $-8.2M | $-7.4M | ||
| Q1 25 | $-11.7M | $-7.6M | ||
| Q4 24 | $-8.6M | $-40.0M | ||
| Q3 24 | $-10.8M | $-7.2M | ||
| Q2 24 | $-9.3M | $-10.9M | ||
| Q1 24 | $-10.3M | $-5.3M |
毛利率DMRCSLNH
| Q4 25 | 63.5% | — | ||
| Q3 25 | 58.3% | 9.5% | ||
| Q2 25 | 58.8% | 6.3% | ||
| Q1 25 | 65.0% | 5.7% | ||
| Q4 24 | 60.8% | -360.8% | ||
| Q3 24 | 62.4% | -39.1% | ||
| Q2 24 | 66.1% | 34.6% | ||
| Q1 24 | 62.5% | 45.4% |
营业利润率DMRCSLNH
| Q4 25 | -48.2% | — | ||
| Q3 25 | -109.7% | -92.5% | ||
| Q2 25 | -105.2% | -107.6% | ||
| Q1 25 | -128.9% | -120.9% | ||
| Q4 24 | -105.1% | -426.0% | ||
| Q3 24 | -120.4% | -119.8% | ||
| Q2 24 | -96.2% | -38.0% | ||
| Q1 24 | -109.2% | 3.2% |
净利率DMRCSLNH
| Q4 25 | -47.2% | — | ||
| Q3 25 | -106.9% | -284.7% | ||
| Q2 25 | -102.6% | -119.9% | ||
| Q1 25 | -125.2% | -127.3% | ||
| Q4 24 | -99.9% | -483.8% | ||
| Q3 24 | -113.9% | -95.5% | ||
| Q2 24 | -89.3% | -112.4% | ||
| Q1 24 | -104.0% | -41.9% |
每股收益（稀释后）DMRCSLNH
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.38 | $-1.14 | ||
| Q2 25 | $-0.38 | $-0.93 | ||
| Q1 25 | $-0.55 | $-1.21 | ||
| Q4 24 | $-0.40 | $-7.14 | ||
| Q3 24 | $-0.50 | $-1.56 | ||
| Q2 24 | $-0.43 | $-3.62 | ||
| Q1 24 | $-0.50 | $-2.62 |
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 | — |
| 总债务越低越好 | — | $13.3M |
| 股东权益账面价值 | $40.2M | $14.5M |
| 总资产 | $53.0M | $152.0M |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资DMRCSLNH
| Q4 25 | $12.9M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $16.1M | — | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $28.7M | — | ||
| Q3 24 | $33.7M | — | ||
| Q2 24 | $41.5M | — | ||
| Q1 24 | $48.9M | — |
总债务DMRCSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
股东权益DMRCSLNH
| Q4 25 | $40.2M | — | ||
| Q3 25 | $41.4M | $14.5M | ||
| Q2 25 | $46.5M | $-19.5M | ||
| Q1 25 | $50.0M | $-16.1M | ||
| Q4 24 | $61.4M | $-12.5M | ||
| Q3 24 | $70.2M | $20.9M | ||
| Q2 24 | $77.2M | $24.4M | ||
| Q1 24 | $84.5M | $21.5M |
总资产DMRCSLNH
| Q4 25 | $53.0M | — | ||
| Q3 25 | $55.4M | $152.0M | ||
| Q2 25 | $60.7M | $92.0M | ||
| Q1 25 | $66.5M | $90.0M | ||
| Q4 24 | $75.8M | $88.0M | ||
| Q3 24 | $85.0M | $97.3M | ||
| Q2 24 | $93.4M | $98.7M | ||
| Q1 24 | $99.7M | $90.6M |
负债/权益比DMRCSLNH
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| 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 | $991.0K | $-2.2M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-6.8M |
| 自由现金流率自由现金流/营收 | 10.0% | -81.4% |
| 资本支出强度资本支出/营收 | 1.1% | 55.2% |
| 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 | $-34.4M |
8季度趋势，按日历期对齐
经营现金流DMRCSLNH
| Q4 25 | $991.0K | — | ||
| Q3 25 | $-2.6M | $-2.2M | ||
| Q2 25 | $-4.7M | $-1.1M | ||
| Q1 25 | $-5.5M | $-177.0K | ||
| Q4 24 | $-4.2M | $-5.1M | ||
| Q3 24 | $-7.1M | $61.0K | ||
| Q2 24 | $-6.8M | $-7.3M | ||
| Q1 24 | $-8.4M | $3.9M |
自由现金流DMRCSLNH
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | $-6.8M | ||
| Q2 25 | $-4.9M | $-9.7M | ||
| Q1 25 | $-5.5M | $-4.0M | ||
| Q4 24 | $-4.2M | $-13.9M | ||
| Q3 24 | $-7.2M | $-3.4M | ||
| Q2 24 | $-6.9M | $-7.6M | ||
| Q1 24 | $-8.5M | $3.3M |
自由现金流率DMRCSLNH
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | -81.4% | ||
| Q2 25 | -61.0% | -156.8% | ||
| Q1 25 | -59.1% | -67.1% | ||
| Q4 24 | -49.1% | -168.3% | ||
| Q3 24 | -75.7% | -44.8% | ||
| Q2 24 | -66.1% | -78.2% | ||
| Q1 24 | -85.8% | 26.5% |
资本支出强度DMRCSLNH
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.9% | 55.2% | ||
| Q2 25 | 2.5% | 139.0% | ||
| Q1 25 | 0.6% | 64.2% | ||
| Q4 24 | 0.2% | 107.0% | ||
| Q3 24 | 0.7% | 45.6% | ||
| Q2 24 | 0.3% | 2.5% | ||
| Q1 24 | 1.1% | 4.2% |
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% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
