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Digimarc CORP（DMRC）与Simulations Plus, Inc.（SLP）财务数据对比。点击上方公司名可切换其他公司
Simulations Plus, Inc.的季度营收约是Digimarc CORP的2.1倍（$18.4M vs $8.9M），Simulations Plus, Inc.净利率更高（3.7% vs -47.2%，领先50.9%），Digimarc CORP同比增速更快（2.9% vs -2.7%），过去两年Simulations Plus, Inc.的营收复合增速更高（0.3% 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。
Simulations Plus公司为医药生物、化工、化妆品、食品原料及除草剂领域开发ADMET（吸收、分布、代谢、排泄和毒性）建模仿真软件，并于2014年9月收购了提供临床试验数据分析及咨询服务的Cognigen公司，助力相关行业研发工作开展。
DMRC vs SLP — 直观对比
营收规模更大
SLP
是对方的2.1倍
$8.9M
营收增速更快
DMRC
高出5.5%
-2.7%
净利率更高
SLP
高出50.9%
-47.2%
两年增速更快
SLP
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $18.4M |
| 净利润 | $-4.2M | $676.0K |
| 毛利率 | 63.5% | 59.1% |
| 营业利润率 | -48.2% | 3.9% |
| 净利率 | -47.2% | 3.7% |
| 营收同比 | 2.9% | -2.7% |
| 净利润同比 | 51.4% | 228.2% |
| 每股收益（稀释后） | $-0.18 | $0.03 |
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DMRCSLP
| Q4 25 | $8.9M | $18.4M | ||
| Q3 25 | $7.6M | $17.5M | ||
| Q2 25 | $8.0M | $20.4M | ||
| Q1 25 | $9.4M | $22.4M | ||
| Q4 24 | $8.7M | $18.9M | ||
| Q3 24 | $9.4M | $18.7M | ||
| Q2 24 | $10.4M | $18.5M | ||
| Q1 24 | $9.9M | $18.3M |
净利润DMRCSLP
| Q4 25 | $-4.2M | $676.0K | ||
| Q3 25 | $-8.2M | $-681.0K | ||
| Q2 25 | $-8.2M | $-67.3M | ||
| Q1 25 | $-11.7M | $3.1M | ||
| Q4 24 | $-8.6M | $206.0K | ||
| Q3 24 | $-10.8M | $843.0K | ||
| Q2 24 | $-9.3M | $3.1M | ||
| Q1 24 | $-10.3M | $4.0M |
毛利率DMRCSLP
| Q4 25 | 63.5% | 59.1% | ||
| Q3 25 | 58.3% | 56.4% | ||
| Q2 25 | 58.8% | 64.0% | ||
| Q1 25 | 65.0% | 58.5% | ||
| Q4 24 | 60.8% | 54.0% | ||
| Q3 24 | 62.4% | 36.6% | ||
| Q2 24 | 66.1% | 71.5% | ||
| Q1 24 | 62.5% | 72.2% |
营业利润率DMRCSLP
| Q4 25 | -48.2% | 3.9% | ||
| Q3 25 | -109.7% | 3.8% | ||
| Q2 25 | -105.2% | -364.5% | ||
| Q1 25 | -128.9% | 12.1% | ||
| Q4 24 | -105.1% | 0.7% | ||
| Q3 24 | -120.4% | -6.2% | ||
| Q2 24 | -96.2% | 10.1% | ||
| Q1 24 | -109.2% | 24.3% |
净利率DMRCSLP
| Q4 25 | -47.2% | 3.7% | ||
| Q3 25 | -106.9% | -3.9% | ||
| Q2 25 | -102.6% | -330.6% | ||
| Q1 25 | -125.2% | 13.7% | ||
| Q4 24 | -99.9% | 1.1% | ||
| Q3 24 | -113.9% | 4.5% | ||
| Q2 24 | -89.3% | 16.9% | ||
| Q1 24 | -104.0% | 22.0% |
每股收益（稀释后）DMRCSLP
| Q4 25 | $-0.18 | $0.03 | ||
| Q3 25 | $-0.38 | $-0.03 | ||
| Q2 25 | $-0.38 | $-3.35 | ||
| Q1 25 | $-0.55 | $0.15 | ||
| Q4 24 | $-0.40 | $0.01 | ||
| Q3 24 | $-0.50 | $0.04 | ||
| Q2 24 | $-0.43 | $0.15 | ||
| Q1 24 | $-0.50 | $0.20 |
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 | $35.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $127.1M |
| 总资产 | $53.0M | $137.8M |
| 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DMRCSLP
| Q4 25 | $12.9M | $35.7M | ||
| Q3 25 | $12.6M | $32.4M | ||
| Q2 25 | $16.1M | $28.4M | ||
| Q1 25 | $21.6M | $21.4M | ||
| Q4 24 | $28.7M | $18.2M | ||
| Q3 24 | $33.7M | $20.3M | ||
| Q2 24 | $41.5M | $119.0M | ||
| Q1 24 | $48.9M | $108.5M |
股东权益DMRCSLP
| Q4 25 | $40.2M | $127.1M | ||
| Q3 25 | $41.4M | $124.8M | ||
| Q2 25 | $46.5M | $123.8M | ||
| Q1 25 | $50.0M | $189.5M | ||
| Q4 24 | $61.4M | $184.7M | ||
| Q3 24 | $70.2M | $182.4M | ||
| Q2 24 | $77.2M | $180.9M | ||
| Q1 24 | $84.5M | $177.0M |
总资产DMRCSLP
| Q4 25 | $53.0M | $137.8M | ||
| Q3 25 | $55.4M | $131.9M | ||
| Q2 25 | $60.7M | $134.4M | ||
| Q1 25 | $66.5M | $201.4M | ||
| Q4 24 | $75.8M | $196.9M | ||
| Q3 24 | $85.0M | $196.6M | ||
| Q2 24 | $93.4M | $192.7M | ||
| Q1 24 | $99.7M | $194.0M |
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 | $4.2M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 6.26× |
| 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DMRCSLP
| Q4 25 | $991.0K | $4.2M | ||
| Q3 25 | $-2.6M | $5.6M | ||
| Q2 25 | $-4.7M | $8.1M | ||
| Q1 25 | $-5.5M | $5.7M | ||
| Q4 24 | $-4.2M | $-1.3M | ||
| Q3 24 | $-7.1M | $1.7M | ||
| Q2 24 | $-6.8M | $5.7M | ||
| Q1 24 | $-8.4M | $5.8M |
自由现金流DMRCSLP
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | $5.3M | ||
| Q2 25 | $-4.9M | $7.8M | ||
| Q1 25 | $-5.5M | $5.6M | ||
| Q4 24 | $-4.2M | $-1.4M | ||
| Q3 24 | $-7.2M | $1.6M | ||
| Q2 24 | $-6.9M | $5.6M | ||
| Q1 24 | $-8.5M | $5.4M |
自由现金流率DMRCSLP
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | 30.5% | ||
| Q2 25 | -61.0% | 38.5% | ||
| Q1 25 | -59.1% | 25.0% | ||
| Q4 24 | -49.1% | -7.2% | ||
| Q3 24 | -75.7% | 8.8% | ||
| Q2 24 | -66.1% | 30.0% | ||
| Q1 24 | -85.8% | 29.4% |
资本支出强度DMRCSLP
| Q4 25 | 1.1% | 0.0% | ||
| Q3 25 | 2.9% | 1.5% | ||
| Q2 25 | 2.5% | 1.5% | ||
| Q1 25 | 0.6% | 0.3% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 0.3% | 0.6% | ||
| Q1 24 | 1.1% | 2.4% |
现金转化率DMRCSLP
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.84× | ||
| Q4 24 | — | -6.18× | ||
| Q3 24 | — | 1.97× | ||
| Q2 24 | — | 1.81× | ||
| Q1 24 | — | 1.44× |
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% |
SLP
| Services Segment | $9.5M | 52% |
| Development | $7.2M | 39% |
| Discovery | $1.3M | 7% |
