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Digimarc CORP（DMRC）与Venus Concept Inc.（VERO）财务数据对比。点击上方公司名可切换其他公司
Venus Concept Inc.的季度营收约是Digimarc CORP的1.5倍（$13.8M vs $8.9M），Digimarc CORP净利率更高（-47.2% vs -163.8%，领先116.6%），Digimarc CORP同比增速更快（2.9% vs -8.2%），Digimarc CORP自由现金流更多（$895.0K vs $-4.9M），过去两年Digimarc CORP的营收复合增速更高（-5.3% vs -12.8%）
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。
Venus Concept Inc是一家全球医疗技术企业，专注于研发、生产和销售非侵入及微创医美器械，产品线覆盖脱毛、嫩肤、形体塑造、抗衰等解决方案，服务北美、欧洲、亚太地区的皮肤科诊所、整形中心和医疗美容机构。
DMRC vs VERO — 直观对比
营收规模更大
VERO
是对方的1.5倍
$8.9M
营收增速更快
DMRC
高出11.1%
-8.2%
净利率更高
DMRC
高出116.6%
-163.8%
自由现金流更多
DMRC
多$5.8M
$-4.9M
两年增速更快
DMRC
近两年复合增速
-12.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $13.8M |
| 净利润 | $-4.2M | $-22.6M |
| 毛利率 | 63.5% | 64.0% |
| 营业利润率 | -48.2% | -68.9% |
| 净利率 | -47.2% | -163.8% |
| 营收同比 | 2.9% | -8.2% |
| 净利润同比 | 51.4% | -143.0% |
| 每股收益（稀释后） | $-0.18 | $-12.14 |
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DMRCVERO
| Q4 25 | $8.9M | — | ||
| Q3 25 | $7.6M | $13.8M | ||
| Q2 25 | $8.0M | $15.7M | ||
| Q1 25 | $9.4M | $13.6M | ||
| Q4 24 | $8.7M | $15.8M | ||
| Q3 24 | $9.4M | $15.0M | ||
| Q2 24 | $10.4M | $16.6M | ||
| Q1 24 | $9.9M | $17.5M |
净利润DMRCVERO
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $-8.2M | $-22.6M | ||
| Q2 25 | $-8.2M | $-11.7M | ||
| Q1 25 | $-11.7M | $-12.4M | ||
| Q4 24 | $-8.6M | $-8.0M | ||
| Q3 24 | $-10.8M | $-9.3M | ||
| Q2 24 | $-9.3M | $-20.0M | ||
| Q1 24 | $-10.3M | $-9.8M |
毛利率DMRCVERO
| Q4 25 | 63.5% | — | ||
| Q3 25 | 58.3% | 64.0% | ||
| Q2 25 | 58.8% | 60.1% | ||
| Q1 25 | 65.0% | 64.2% | ||
| Q4 24 | 60.8% | 69.1% | ||
| Q3 24 | 62.4% | 66.1% | ||
| Q2 24 | 66.1% | 71.5% | ||
| Q1 24 | 62.5% | 66.6% |
营业利润率DMRCVERO
| Q4 25 | -48.2% | — | ||
| Q3 25 | -109.7% | -68.9% | ||
| Q2 25 | -105.2% | -57.6% | ||
| Q1 25 | -128.9% | -69.8% | ||
| Q4 24 | -105.1% | -42.3% | ||
| Q3 24 | -120.4% | -47.7% | ||
| Q2 24 | -96.2% | -33.7% | ||
| Q1 24 | -109.2% | -44.4% |
净利率DMRCVERO
| Q4 25 | -47.2% | — | ||
| Q3 25 | -106.9% | -163.8% | ||
| Q2 25 | -102.6% | -74.7% | ||
| Q1 25 | -125.2% | -90.6% | ||
| Q4 24 | -99.9% | -50.5% | ||
| Q3 24 | -113.9% | -61.9% | ||
| Q2 24 | -89.3% | -120.3% | ||
| Q1 24 | -104.0% | -56.0% |
每股收益（稀释后）DMRCVERO
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.38 | $-12.14 | ||
| Q2 25 | $-0.38 | $-8.03 | ||
| Q1 25 | $-0.55 | $-17.44 | ||
| Q4 24 | $-0.40 | $-10.26 | ||
| Q3 24 | $-0.50 | $-13.10 | ||
| Q2 24 | $-0.43 | $-30.93 | ||
| Q1 24 | $-0.50 | $-16.92 |
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 | $4.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | $2.7M |
| 总资产 | $53.0M | $61.6M |
| 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DMRCVERO
| Q4 25 | $12.9M | — | ||
| Q3 25 | $12.6M | $4.3M | ||
| Q2 25 | $16.1M | $3.9M | ||
| Q1 25 | $21.6M | $3.2M | ||
| Q4 24 | $28.7M | $4.3M | ||
| Q3 24 | $33.7M | $4.5M | ||
| Q2 24 | $41.5M | $5.7M | ||
| Q1 24 | $48.9M | $5.1M |
股东权益DMRCVERO
| Q4 25 | $40.2M | — | ||
| Q3 25 | $41.4M | $2.7M | ||
| Q2 25 | $46.5M | $2.3M | ||
| Q1 25 | $50.0M | $2.3M | ||
| Q4 24 | $61.4M | $2.4M | ||
| Q3 24 | $70.2M | $10.1M | ||
| Q2 24 | $77.2M | $3.7M | ||
| Q1 24 | $84.5M | $-22.5M |
总资产DMRCVERO
| Q4 25 | $53.0M | — | ||
| Q3 25 | $55.4M | $61.6M | ||
| Q2 25 | $60.7M | $63.1M | ||
| Q1 25 | $66.5M | $63.5M | ||
| Q4 24 | $75.8M | $68.2M | ||
| Q3 24 | $85.0M | $72.3M | ||
| Q2 24 | $93.4M | $79.8M | ||
| Q1 24 | $99.7M | $85.1M |
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 | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | $895.0K | $-4.9M |
| 自由现金流率自由现金流/营收 | 10.0% | -35.6% |
| 资本支出强度资本支出/营收 | 1.1% | 0.1% |
| 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 | $-20.7M |
8季度趋势，按日历期对齐
经营现金流DMRCVERO
| Q4 25 | $991.0K | — | ||
| Q3 25 | $-2.6M | $-4.9M | ||
| Q2 25 | $-4.7M | $-5.4M | ||
| Q1 25 | $-5.5M | $-6.3M | ||
| Q4 24 | $-4.2M | $-3.8M | ||
| Q3 24 | $-7.1M | $-3.0M | ||
| Q2 24 | $-6.8M | $-1.3M | ||
| Q1 24 | $-8.4M | $-2.9M |
自由现金流DMRCVERO
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | $-4.9M | ||
| Q2 25 | $-4.9M | $-5.6M | ||
| Q1 25 | $-5.5M | $-6.3M | ||
| Q4 24 | $-4.2M | $-3.9M | ||
| Q3 24 | $-7.2M | $-3.1M | ||
| Q2 24 | $-6.9M | $-1.4M | ||
| Q1 24 | $-8.5M | $-2.9M |
自由现金流率DMRCVERO
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | -35.6% | ||
| Q2 25 | -61.0% | -35.8% | ||
| Q1 25 | -59.1% | -46.5% | ||
| Q4 24 | -49.1% | -24.7% | ||
| Q3 24 | -75.7% | -20.3% | ||
| Q2 24 | -66.1% | -8.2% | ||
| Q1 24 | -85.8% | -16.6% |
资本支出强度DMRCVERO
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.9% | 0.1% | ||
| Q2 25 | 2.5% | 1.0% | ||
| Q1 25 | 0.6% | 0.3% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.7% | 0.0% | ||
| Q2 24 | 0.3% | 0.1% | ||
| Q1 24 | 1.1% | 0.1% |
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% |
VERO
| Products And Services | $10.8M | 79% |
| Leases | $2.9M | 21% |
