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Digimarc CORP（DMRC）与Unusual Machines, Inc.（UMAC）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Unusual Machines, Inc.的1.8倍（$8.9M vs $4.9M），Digimarc CORP净利率更高（-47.2% vs -215.7%，领先168.5%），Unusual Machines, Inc.同比增速更快（144.4% vs 2.9%），过去两年Unusual Machines, Inc.的营收复合增速更高（181.3% 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。
该公司是一家美国人工智能初创企业，由OpenAI前首席技术官米拉·穆拉蒂创立于2025年2月，总部位于旧金山，为公益企业架构。截至同年7月，该公司已完成由a16z领投的早期融资，英伟达、AMD、思科、简街等投资方共计出资20亿美元，公司整体估值达120亿美元。
DMRC vs UMAC — 直观对比
营收规模更大
DMRC
是对方的1.8倍
$4.9M
营收增速更快
UMAC
高出141.5%
2.9%
净利率更高
DMRC
高出168.5%
-215.7%
两年增速更快
UMAC
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $4.9M |
| 净利润 | $-4.2M | $-10.6M |
| 毛利率 | 63.5% | 36.2% |
| 营业利润率 | -48.2% | -198.7% |
| 净利率 | -47.2% | -215.7% |
| 营收同比 | 2.9% | 144.4% |
| 净利润同比 | 51.4% | 61.0% |
| 每股收益（稀释后） | $-0.18 | $-0.26 |
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DMRCUMAC
| Q4 25 | $8.9M | $4.9M | ||
| Q3 25 | $7.6M | $2.1M | ||
| Q2 25 | $8.0M | $2.1M | ||
| Q1 25 | $9.4M | $2.0M | ||
| Q4 24 | $8.7M | $2.0M | ||
| Q3 24 | $9.4M | $1.5M | ||
| Q2 24 | $10.4M | $1.4M | ||
| Q1 24 | $9.9M | $618.9K |
净利润DMRCUMAC
| Q4 25 | $-4.2M | $-10.6M | ||
| Q3 25 | $-8.2M | $1.6M | ||
| Q2 25 | $-8.2M | $-7.0M | ||
| Q1 25 | $-11.7M | $-3.3M | ||
| Q4 24 | $-8.6M | $-27.1M | ||
| Q3 24 | $-10.8M | $-2.1M | ||
| Q2 24 | $-9.3M | $-1.6M | ||
| Q1 24 | $-10.3M | $-1.1M |
毛利率DMRCUMAC
| Q4 25 | 63.5% | 36.2% | ||
| Q3 25 | 58.3% | 39.4% | ||
| Q2 25 | 58.8% | 37.4% | ||
| Q1 25 | 65.0% | 24.3% | ||
| Q4 24 | 60.8% | 27.7% | ||
| Q3 24 | 62.4% | 26.1% | ||
| Q2 24 | 66.1% | 27.5% | ||
| Q1 24 | 62.5% | 33.0% |
营业利润率DMRCUMAC
| Q4 25 | -48.2% | -198.7% | ||
| Q3 25 | -109.7% | -232.4% | ||
| Q2 25 | -105.2% | -338.5% | ||
| Q1 25 | -128.9% | -160.0% | ||
| Q4 24 | -105.1% | -642.3% | ||
| Q3 24 | -120.4% | -95.4% | ||
| Q2 24 | -96.2% | -111.4% | ||
| Q1 24 | -109.2% | -175.5% |
净利率DMRCUMAC
| Q4 25 | -47.2% | -215.7% | ||
| Q3 25 | -106.9% | 75.1% | ||
| Q2 25 | -102.6% | -327.9% | ||
| Q1 25 | -125.2% | -159.9% | ||
| Q4 24 | -99.9% | -1353.2% | ||
| Q3 24 | -113.9% | -140.0% | ||
| Q2 24 | -89.3% | -114.3% | ||
| Q1 24 | -104.0% | -178.7% |
每股收益（稀释后）DMRCUMAC
| Q4 25 | $-0.18 | $-0.26 | ||
| Q3 25 | $-0.38 | $0.05 | ||
| Q2 25 | $-0.38 | $-0.32 | ||
| Q1 25 | $-0.55 | $-0.21 | ||
| Q4 24 | $-0.40 | $-3.20 | ||
| Q3 24 | $-0.50 | $-0.30 | ||
| Q2 24 | $-0.43 | $-0.16 | ||
| Q1 24 | $-0.50 | $-0.18 |
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 | $142.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $174.9M |
| 总资产 | $53.0M | $182.7M |
| 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DMRCUMAC
| Q4 25 | $12.9M | $142.5M | ||
| Q3 25 | $12.6M | $81.1M | ||
| Q2 25 | $16.1M | $38.9M | ||
| Q1 25 | $21.6M | $5.0M | ||
| Q4 24 | $28.7M | $3.8M | ||
| Q3 24 | $33.7M | $1.7M | ||
| Q2 24 | $41.5M | $2.2M | ||
| Q1 24 | $48.9M | $3.2M |
股东权益DMRCUMAC
| Q4 25 | $40.2M | $174.9M | ||
| Q3 25 | $41.4M | $106.0M | ||
| Q2 25 | $46.5M | $51.3M | ||
| Q1 25 | $50.0M | $15.9M | ||
| Q4 24 | $61.4M | $14.8M | ||
| Q3 24 | $70.2M | $19.2M | ||
| Q2 24 | $77.2M | $20.0M | ||
| Q1 24 | $84.5M | $21.2M |
总资产DMRCUMAC
| Q4 25 | $53.0M | $182.7M | ||
| Q3 25 | $55.4M | $113.1M | ||
| Q2 25 | $60.7M | $52.4M | ||
| Q1 25 | $66.5M | $17.3M | ||
| Q4 24 | $75.8M | $16.1M | ||
| Q3 24 | $85.0M | $24.5M | ||
| Q2 24 | $93.4M | $25.2M | ||
| Q1 24 | $99.7M | $24.2M |
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 | $-9.8M |
| 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DMRCUMAC
| Q4 25 | $991.0K | $-9.8M | ||
| Q3 25 | $-2.6M | $-7.5M | ||
| Q2 25 | $-4.7M | $-2.7M | ||
| Q1 25 | $-5.5M | $-1.2M | ||
| Q4 24 | $-4.2M | $-1.3M | ||
| Q3 24 | $-7.1M | $-536.7K | ||
| Q2 24 | $-6.8M | $-986.2K | ||
| Q1 24 | $-8.4M | $-1.2M |
自由现金流DMRCUMAC
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | $-8.8M | ||
| Q2 25 | $-4.9M | — | ||
| Q1 25 | $-5.5M | — | ||
| Q4 24 | $-4.2M | — | ||
| Q3 24 | $-7.2M | — | ||
| Q2 24 | $-6.9M | — | ||
| Q1 24 | $-8.5M | — |
自由现金流率DMRCUMAC
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | -413.2% | ||
| Q2 25 | -61.0% | — | ||
| Q1 25 | -59.1% | — | ||
| Q4 24 | -49.1% | — | ||
| Q3 24 | -75.7% | — | ||
| Q2 24 | -66.1% | — | ||
| Q1 24 | -85.8% | — |
资本支出强度DMRCUMAC
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.9% | 60.3% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | 0.0% | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.1% | — |
现金转化率DMRCUMAC
| Q4 25 | — | — | ||
| Q3 25 | — | -4.70× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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% |
UMAC
| Retail Revenue | $4.5M | 92% |
| Other | $412.7K | 8% |
