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Digimarc CORP（DMRC）与Velo3D, Inc.（VELO）财务数据对比。点击上方公司名可切换其他公司
Velo3D, Inc.的季度营收约是Digimarc CORP的1.1倍（$9.4M vs $8.9M），Digimarc CORP净利率更高（-47.2% vs -231.9%，领先184.7%），Digimarc CORP同比增速更快（2.9% vs -25.2%），Digimarc CORP自由现金流更多（$895.0K vs $-8.3M），过去两年Velo3D, Inc.的营收复合增速更高（-1.8% 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。
Velo3D是全球领先的金属3D打印解决方案提供商，主营工业级金属3D打印机、配套专用加工软件及高性能金属材料，主要服务航空航天、国防、能源、半导体等高端制造领域，可生产传统工艺难以实现的复杂高精度金属零部件。
DMRC vs VELO — 直观对比
营收规模更大
VELO
是对方的1.1倍
$8.9M
营收增速更快
DMRC
高出28.1%
-25.2%
净利率更高
DMRC
高出184.7%
-231.9%
自由现金流更多
DMRC
多$9.2M
$-8.3M
两年增速更快
VELO
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $9.4M |
| 净利润 | $-4.2M | $-21.9M |
| 毛利率 | 63.5% | -73.6% |
| 营业利润率 | -48.2% | -231.0% |
| 净利率 | -47.2% | -231.9% |
| 营收同比 | 2.9% | -25.2% |
| 净利润同比 | 51.4% | -2.9% |
| 每股收益（稀释后） | $-0.18 | $-0.87 |
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DMRCVELO
| Q4 25 | $8.9M | $9.4M | ||
| Q3 25 | $7.6M | $13.6M | ||
| Q2 25 | $8.0M | $13.6M | ||
| Q1 25 | $9.4M | $9.3M | ||
| Q4 24 | $8.7M | $12.6M | ||
| Q3 24 | $9.4M | $8.2M | ||
| Q2 24 | $10.4M | $10.3M | ||
| Q1 24 | $9.9M | $9.8M |
净利润DMRCVELO
| Q4 25 | $-4.2M | $-21.9M | ||
| Q3 25 | $-8.2M | $-11.2M | ||
| Q2 25 | $-8.2M | $-13.3M | ||
| Q1 25 | $-11.7M | $-25.0M | ||
| Q4 24 | $-8.6M | $-21.3M | ||
| Q3 24 | $-10.8M | $-21.9M | ||
| Q2 24 | $-9.3M | $935.0K | ||
| Q1 24 | $-10.3M | $-27.5M |
毛利率DMRCVELO
| Q4 25 | 63.5% | -73.6% | ||
| Q3 25 | 58.3% | 3.2% | ||
| Q2 25 | 58.8% | -11.7% | ||
| Q1 25 | 65.0% | 7.5% | ||
| Q4 24 | 60.8% | -3.5% | ||
| Q3 24 | 62.4% | 49.4% | ||
| Q2 24 | 66.1% | -28.0% | ||
| Q1 24 | 62.5% | -28.8% |
营业利润率DMRCVELO
| Q4 25 | -48.2% | -231.0% | ||
| Q3 25 | -109.7% | -73.3% | ||
| Q2 25 | -105.2% | -85.4% | ||
| Q1 25 | -128.9% | -123.6% | ||
| Q4 24 | -105.1% | -167.0% | ||
| Q3 24 | -120.4% | -213.8% | ||
| Q2 24 | -96.2% | -187.7% | ||
| Q1 24 | -109.2% | -211.1% |
净利率DMRCVELO
| Q4 25 | -47.2% | -231.9% | ||
| Q3 25 | -106.9% | -82.0% | ||
| Q2 25 | -102.6% | -97.7% | ||
| Q1 25 | -125.2% | -268.4% | ||
| Q4 24 | -99.9% | -168.5% | ||
| Q3 24 | -113.9% | -265.3% | ||
| Q2 24 | -89.3% | 9.0% | ||
| Q1 24 | -104.0% | -281.2% |
每股收益（稀释后）DMRCVELO
| Q4 25 | $-0.18 | $-0.87 | ||
| Q3 25 | $-0.38 | $-0.65 | ||
| Q2 25 | $-0.38 | $-0.94 | ||
| Q1 25 | $-0.55 | $-1.87 | ||
| Q4 24 | $-0.40 | $7.06 | ||
| Q3 24 | $-0.50 | $-35.52 | ||
| Q2 24 | $-0.43 | $1.65 | ||
| Q1 24 | $-0.50 | $-55.51 |
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 | $39.0M |
| 总债务越低越好 | — | $31.0M |
| 股东权益账面价值 | $40.2M | $38.2M |
| 总资产 | $53.0M | $105.3M |
| 负债/权益比越低杠杆越低 | — | 0.81× |
8季度趋势，按日历期对齐
现金及短期投资DMRCVELO
| Q4 25 | $12.9M | $39.0M | ||
| Q3 25 | $12.6M | $11.8M | ||
| Q2 25 | $16.1M | $854.0K | ||
| Q1 25 | $21.6M | $3.9M | ||
| Q4 24 | $28.7M | $1.2M | ||
| Q3 24 | $33.7M | $1.6M | ||
| Q2 24 | $41.5M | $3.2M | ||
| Q1 24 | $48.9M | $10.9M |
总债务DMRCVELO
| Q4 25 | — | $31.0M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
股东权益DMRCVELO
| Q4 25 | $40.2M | $38.2M | ||
| Q3 25 | $41.4M | $29.9M | ||
| Q2 25 | $46.5M | $21.4M | ||
| Q1 25 | $50.0M | $32.8M | ||
| Q4 24 | $61.4M | $39.7M | ||
| Q3 24 | $70.2M | $34.4M | ||
| Q2 24 | $77.2M | $52.1M | ||
| Q1 24 | $84.5M | $45.5M |
总资产DMRCVELO
| Q4 25 | $53.0M | $105.3M | ||
| Q3 25 | $55.4M | $93.7M | ||
| Q2 25 | $60.7M | $78.4M | ||
| Q1 25 | $66.5M | $91.3M | ||
| Q4 24 | $75.8M | $89.2M | ||
| Q3 24 | $85.0M | $110.8M | ||
| Q2 24 | $93.4M | $116.7M | ||
| Q1 24 | $99.7M | $136.1M |
负债/权益比DMRCVELO
| Q4 25 | — | 0.81× | ||
| Q3 25 | — | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-8.3M |
| 自由现金流率自由现金流/营收 | 10.0% | -88.3% |
| 资本支出强度资本支出/营收 | 1.1% | 6.4% |
| 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DMRCVELO
| Q4 25 | $991.0K | $-7.7M | ||
| Q3 25 | $-2.6M | $-6.0M | ||
| Q2 25 | $-4.7M | $-1.2M | ||
| Q1 25 | $-5.5M | $-12.3M | ||
| Q4 24 | $-4.2M | $-2.2M | ||
| Q3 24 | $-7.1M | $-2.0M | ||
| Q2 24 | $-6.8M | $-8.0M | ||
| Q1 24 | $-8.4M | $-20.5M |
自由现金流DMRCVELO
| Q4 25 | $895.0K | $-8.3M | ||
| Q3 25 | $-2.8M | $-6.3M | ||
| Q2 25 | $-4.9M | $-3.0M | ||
| Q1 25 | $-5.5M | — | ||
| Q4 24 | $-4.2M | $-2.2M | ||
| Q3 24 | $-7.2M | $-2.0M | ||
| Q2 24 | $-6.9M | $-8.0M | ||
| Q1 24 | $-8.5M | $-20.5M |
自由现金流率DMRCVELO
| Q4 25 | 10.0% | -88.3% | ||
| Q3 25 | -36.9% | -46.5% | ||
| Q2 25 | -61.0% | -22.2% | ||
| Q1 25 | -59.1% | — | ||
| Q4 24 | -49.1% | -17.7% | ||
| Q3 24 | -75.7% | -24.2% | ||
| Q2 24 | -66.1% | -77.1% | ||
| Q1 24 | -85.8% | -209.8% |
资本支出强度DMRCVELO
| Q4 25 | 1.1% | 6.4% | ||
| Q3 25 | 2.9% | 2.3% | ||
| Q2 25 | 2.5% | 13.3% | ||
| Q1 25 | 0.6% | 0.0% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.7% | 0.2% | ||
| Q2 24 | 0.3% | 0.0% | ||
| Q1 24 | 1.1% | 0.1% |
现金转化率DMRCVELO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| 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% |
VELO
暂无分部数据
