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Digimarc CORP（DMRC）与Tonix Pharmaceuticals Holding Corp.（TNXP）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Tonix Pharmaceuticals Holding Corp.的1.7倍（$8.9M vs $5.4M），Digimarc CORP净利率更高（-47.2% vs -870.3%，领先823.1%），Tonix Pharmaceuticals Holding Corp.同比增速更快（108.8% vs 2.9%），Digimarc CORP自由现金流更多（$895.0K vs $-41.5M），过去两年Tonix Pharmaceuticals Holding Corp.的营收复合增速更高（47.4% 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。
Tonix Pharmaceuticals是一家总部位于美国新泽西州查塔姆的制药企业，核心业务聚焦于中枢神经系统疾病适应症的再利用药物开发，截至2020年，该公司同时还在开展新冠疫苗研发以及一个生物防御相关项目。
DMRC vs TNXP — 直观对比
营收规模更大
DMRC
是对方的1.7倍
$5.4M
营收增速更快
TNXP
高出105.9%
2.9%
净利率更高
DMRC
高出823.1%
-870.3%
自由现金流更多
DMRC
多$42.4M
$-41.5M
两年增速更快
TNXP
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $5.4M |
| 净利润 | $-4.2M | $-46.9M |
| 毛利率 | 63.5% | 80.4% |
| 营业利润率 | -48.2% | -895.8% |
| 净利率 | -47.2% | -870.3% |
| 营收同比 | 2.9% | 108.8% |
| 净利润同比 | 51.4% | -112.2% |
| 每股收益（稀释后） | $-0.18 | $-4.28 |
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DMRCTNXP
| Q4 25 | $8.9M | $5.4M | ||
| Q3 25 | $7.6M | $3.3M | ||
| Q2 25 | $8.0M | $2.0M | ||
| Q1 25 | $9.4M | $2.4M | ||
| Q4 24 | $8.7M | $2.6M | ||
| Q3 24 | $9.4M | $2.8M | ||
| Q2 24 | $10.4M | $2.2M | ||
| Q1 24 | $9.9M | $2.5M |
净利润DMRCTNXP
| Q4 25 | $-4.2M | $-46.9M | ||
| Q3 25 | $-8.2M | $-32.0M | ||
| Q2 25 | $-8.2M | $-28.3M | ||
| Q1 25 | $-11.7M | $-16.8M | ||
| Q4 24 | $-8.6M | $-22.1M | ||
| Q3 24 | $-10.8M | $-14.2M | ||
| Q2 24 | $-9.3M | $-78.8M | ||
| Q1 24 | $-10.3M | $-14.9M |
毛利率DMRCTNXP
| Q4 25 | 63.5% | 80.4% | ||
| Q3 25 | 58.3% | 58.4% | ||
| Q2 25 | 58.8% | -63.8% | ||
| Q1 25 | 65.0% | 61.2% | ||
| Q4 24 | 60.8% | 54.2% | ||
| Q3 24 | 62.4% | 44.9% | ||
| Q2 24 | 66.1% | -52.5% | ||
| Q1 24 | 62.5% | 33.1% |
营业利润率DMRCTNXP
| Q4 25 | -48.2% | -895.8% | ||
| Q3 25 | -109.7% | -1005.1% | ||
| Q2 25 | -105.2% | -1416.2% | ||
| Q1 25 | -128.9% | -660.9% | ||
| Q4 24 | -105.1% | -870.6% | ||
| Q3 24 | -120.4% | -551.2% | ||
| Q2 24 | -96.2% | -3501.6% | ||
| Q1 24 | -109.2% | -860.2% |
净利率DMRCTNXP
| Q4 25 | -47.2% | -870.3% | ||
| Q3 25 | -106.9% | -972.9% | ||
| Q2 25 | -102.6% | -1415.0% | ||
| Q1 25 | -125.2% | -692.8% | ||
| Q4 24 | -99.9% | -856.2% | ||
| Q3 24 | -113.9% | -503.6% | ||
| Q2 24 | -89.3% | -3567.8% | ||
| Q1 24 | -104.0% | -601.9% |
每股收益（稀释后）DMRCTNXP
| Q4 25 | $-0.18 | $-4.28 | ||
| Q3 25 | $-0.38 | $-3.59 | ||
| Q2 25 | $-0.38 | $-3.86 | ||
| Q1 25 | $-0.55 | $-2.84 | ||
| Q4 24 | $-0.40 | $2302.65 | ||
| Q3 24 | $-0.50 | $-22.68 | ||
| Q2 24 | $-0.43 | $-1920.85 | ||
| Q1 24 | $-0.50 | $-535.72 |
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 | $207.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $245.2M |
| 总资产 | $53.0M | $277.2M |
| 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DMRCTNXP
| Q4 25 | $12.9M | $207.6M | ||
| Q3 25 | $12.6M | $190.1M | ||
| Q2 25 | $16.1M | $125.3M | ||
| Q1 25 | $21.6M | $131.7M | ||
| Q4 24 | $28.7M | $98.8M | ||
| Q3 24 | $33.7M | $28.2M | ||
| Q2 24 | $41.5M | $4.2M | ||
| Q1 24 | $48.9M | $7.0M |
总债务DMRCTNXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $9.4M | ||
| Q2 24 | — | $10.1M | ||
| Q1 24 | — | $10.8M |
股东权益DMRCTNXP
| Q4 25 | $40.2M | $245.2M | ||
| Q3 25 | $41.4M | $231.1M | ||
| Q2 25 | $46.5M | $168.0M | ||
| Q1 25 | $50.0M | $180.4M | ||
| Q4 24 | $61.4M | $139.6M | ||
| Q3 24 | $70.2M | $74.2M | ||
| Q2 24 | $77.2M | $42.1M | ||
| Q1 24 | $84.5M | $108.1M |
总资产DMRCTNXP
| Q4 25 | $53.0M | $277.2M | ||
| Q3 25 | $55.4M | $252.4M | ||
| Q2 25 | $60.7M | $187.4M | ||
| Q1 25 | $66.5M | $192.9M | ||
| Q4 24 | $75.8M | $162.9M | ||
| Q3 24 | $85.0M | $95.0M | ||
| Q2 24 | $93.4M | $70.3M | ||
| Q1 24 | $99.7M | $135.3M |
负债/权益比DMRCTNXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.10× |
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 | $-39.6M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-41.5M |
| 自由现金流率自由现金流/营收 | 10.0% | -770.4% |
| 资本支出强度资本支出/营收 | 1.1% | 34.8% |
| 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 | $-103.2M |
8季度趋势，按日历期对齐
经营现金流DMRCTNXP
| Q4 25 | $991.0K | $-39.6M | ||
| Q3 25 | $-2.6M | $-28.8M | ||
| Q2 25 | $-4.7M | $-14.8M | ||
| Q1 25 | $-5.5M | $-16.6M | ||
| Q4 24 | $-4.2M | $-14.6M | ||
| Q3 24 | $-7.1M | $-18.8M | ||
| Q2 24 | $-6.8M | $-9.9M | ||
| Q1 24 | $-8.4M | $-17.6M |
自由现金流DMRCTNXP
| Q4 25 | $895.0K | $-41.5M | ||
| Q3 25 | $-2.8M | $-29.7M | ||
| Q2 25 | $-4.9M | $-15.4M | ||
| Q1 25 | $-5.5M | $-16.6M | ||
| Q4 24 | $-4.2M | $-14.6M | ||
| Q3 24 | $-7.2M | $-18.8M | ||
| Q2 24 | $-6.9M | — | ||
| Q1 24 | $-8.5M | $-17.7M |
自由现金流率DMRCTNXP
| Q4 25 | 10.0% | -770.4% | ||
| Q3 25 | -36.9% | -904.1% | ||
| Q2 25 | -61.0% | -768.8% | ||
| Q1 25 | -59.1% | -682.8% | ||
| Q4 24 | -49.1% | -566.7% | ||
| Q3 24 | -75.7% | -666.5% | ||
| Q2 24 | -66.1% | — | ||
| Q1 24 | -85.8% | -712.4% |
资本支出强度DMRCTNXP
| Q4 25 | 1.1% | 34.8% | ||
| Q3 25 | 2.9% | 29.2% | ||
| Q2 25 | 2.5% | 26.4% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 1.1% | 4.4% |
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% |
TNXP
| Zembrace Symtouch | $3.1M | 58% |
| Other | $2.3M | 42% |
