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Digimarc CORP（DMRC）与VOX ROYALTY CORP.（VOXR）财务数据对比。点击上方公司名可切换其他公司
VOX ROYALTY CORP.的季度营收约是Digimarc CORP的1.0倍（$9.3M vs $8.9M），VOX ROYALTY CORP.净利率更高（-7.4% vs -47.2%，领先39.9%），过去两年VOX ROYALTY CORP.的营收复合增速更高（26.4% 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。
Vox Royalty Corp.是一家矿业特许权使用费及流媒体投资企业，为矿业项目业主和运营商提供前期融资，以换取未来大宗商品生产的部分收入或实物产出，投资组合覆盖金、银、铜等关键矿产，核心市场遍布北美、澳大利亚与非洲。
DMRC vs VOXR — 直观对比
营收规模更大
VOXR
是对方的1.0倍
$8.9M
净利率更高
VOXR
高出39.9%
-47.2%
两年增速更快
VOXR
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.9M | $9.3M |
| 净利润 | $-4.2M | $-682.6K |
| 毛利率 | 63.5% | 69.2% |
| 营业利润率 | -48.2% | 11.8% |
| 净利率 | -47.2% | -7.4% |
| 营收同比 | 2.9% | — |
| 净利润同比 | 51.4% | — |
| 每股收益（稀释后） | $-0.18 | — |
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DMRCVOXR
| Q4 25 | $8.9M | — | ||
| Q3 25 | $7.6M | $9.3M | ||
| Q2 25 | $8.0M | $5.4M | ||
| Q1 25 | $9.4M | $2.7M | ||
| Q4 24 | $8.7M | — | ||
| Q3 24 | $9.4M | $8.2M | ||
| Q2 24 | $10.4M | $5.7M | ||
| Q1 24 | $9.9M | $2.9M |
净利润DMRCVOXR
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $-8.2M | $-682.6K | ||
| Q2 25 | $-8.2M | $-575.0K | ||
| Q1 25 | $-11.7M | $-241.4K | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-10.8M | $316.9K | ||
| Q2 24 | $-9.3M | $-729.7K | ||
| Q1 24 | $-10.3M | $-681.2K |
毛利率DMRCVOXR
| Q4 25 | 63.5% | — | ||
| Q3 25 | 58.3% | 69.2% | ||
| Q2 25 | 58.8% | 83.0% | ||
| Q1 25 | 65.0% | 90.1% | ||
| Q4 24 | 60.8% | — | ||
| Q3 24 | 62.4% | 97.0% | ||
| Q2 24 | 66.1% | 83.8% | ||
| Q1 24 | 62.5% | — |
营业利润率DMRCVOXR
| Q4 25 | -48.2% | — | ||
| Q3 25 | -109.7% | 11.8% | ||
| Q2 25 | -105.2% | 15.0% | ||
| Q1 25 | -128.9% | 22.8% | ||
| Q4 24 | -105.1% | — | ||
| Q3 24 | -120.4% | 28.5% | ||
| Q2 24 | -96.2% | 7.4% | ||
| Q1 24 | -109.2% | 32.7% |
净利率DMRCVOXR
| Q4 25 | -47.2% | — | ||
| Q3 25 | -106.9% | -7.4% | ||
| Q2 25 | -102.6% | -10.6% | ||
| Q1 25 | -125.2% | -9.0% | ||
| Q4 24 | -99.9% | — | ||
| Q3 24 | -113.9% | 3.9% | ||
| Q2 24 | -89.3% | -12.8% | ||
| Q1 24 | -104.0% | -23.6% |
每股收益（稀释后）DMRCVOXR
| Q4 25 | $-0.18 | — | ||
| Q3 25 | $-0.38 | — | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-0.55 | — | ||
| Q4 24 | $-0.40 | — | ||
| Q3 24 | $-0.50 | — | ||
| Q2 24 | $-0.43 | — | ||
| Q1 24 | $-0.50 | — |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $40.2M | — |
| 总资产 | $53.0M | — |
| 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DMRCVOXR
| Q4 25 | $12.9M | — | ||
| Q3 25 | $12.6M | — | ||
| Q2 25 | $16.1M | — | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $28.7M | — | ||
| Q3 24 | $33.7M | — | ||
| Q2 24 | $41.5M | — | ||
| Q1 24 | $48.9M | — |
股东权益DMRCVOXR
| Q4 25 | $40.2M | — | ||
| Q3 25 | $41.4M | — | ||
| Q2 25 | $46.5M | — | ||
| Q1 25 | $50.0M | — | ||
| Q4 24 | $61.4M | — | ||
| Q3 24 | $70.2M | — | ||
| Q2 24 | $77.2M | — | ||
| Q1 24 | $84.5M | — |
总资产DMRCVOXR
| Q4 25 | $53.0M | — | ||
| Q3 25 | $55.4M | — | ||
| Q2 25 | $60.7M | — | ||
| Q1 25 | $66.5M | — | ||
| Q4 24 | $75.8M | — | ||
| Q3 24 | $85.0M | — | ||
| Q2 24 | $93.4M | — | ||
| Q1 24 | $99.7M | — |
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 | — |
| 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DMRCVOXR
| Q4 25 | $991.0K | — | ||
| Q3 25 | $-2.6M | — | ||
| Q2 25 | $-4.7M | — | ||
| Q1 25 | $-5.5M | — | ||
| Q4 24 | $-4.2M | — | ||
| Q3 24 | $-7.1M | — | ||
| Q2 24 | $-6.8M | — | ||
| Q1 24 | $-8.4M | — |
自由现金流DMRCVOXR
| Q4 25 | $895.0K | — | ||
| Q3 25 | $-2.8M | — | ||
| 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DMRCVOXR
| Q4 25 | 10.0% | — | ||
| Q3 25 | -36.9% | — | ||
| 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DMRCVOXR
| Q4 25 | 1.1% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 1.1% | — |
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% |
VOXR
| Total | $8.2M | 88% |
| Other | $1.1M | 12% |
