Digimarc Corp
NASDAQ:DMRC
Income Statement
Earnings Waterfall
Digimarc Corp
Income Statement
Digimarc Corp
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue |
13
N/A
|
15
+12%
|
17
+16%
|
19
+10%
|
20
+7%
|
19
-3%
|
18
-4%
|
18
-1%
|
19
+5%
|
25
+30%
|
26
+4%
|
26
+2%
|
31
+19%
|
30
-4%
|
34
+14%
|
38
+10%
|
36
-4%
|
44
+22%
|
44
-1%
|
44
+1%
|
44
+1%
|
38
-15%
|
39
+4%
|
37
-4%
|
35
-7%
|
32
-9%
|
27
-15%
|
27
-2%
|
26
-4%
|
24
-5%
|
25
+1%
|
23
-6%
|
22
-4%
|
22
-2%
|
21
-2%
|
22
+1%
|
22
+1%
|
22
+2%
|
22
+1%
|
26
+14%
|
25
-1%
|
25
-2%
|
25
-1%
|
21
-15%
|
21
+2%
|
21
+0%
|
22
+3%
|
23
+4%
|
23
+0%
|
24
+2%
|
24
+1%
|
24
0%
|
24
+1%
|
25
+2%
|
24
-1%
|
25
+3%
|
27
+6%
|
27
+3%
|
29
+5%
|
30
+5%
|
30
+0%
|
31
+1%
|
32
+3%
|
33
+4%
|
35
+6%
|
37
+6%
|
39
+4%
|
39
+1%
|
38
-2%
|
38
-1%
|
35
-6%
|
34
-5%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(11)
|
(13)
|
(15)
|
(16)
|
(15)
|
(15)
|
(16)
|
(15)
|
(16)
|
(16)
|
(15)
|
(14)
|
(14)
|
(14)
|
(13)
|
|
| Gross Profit |
9
N/A
|
10
+13%
|
12
+15%
|
13
+10%
|
14
+8%
|
13
-5%
|
12
-5%
|
12
-2%
|
13
+5%
|
18
+42%
|
19
+5%
|
20
+3%
|
24
+25%
|
24
-4%
|
28
+17%
|
31
+11%
|
29
-5%
|
37
+27%
|
37
-1%
|
37
+2%
|
38
+2%
|
31
-19%
|
32
+3%
|
30
-6%
|
27
-10%
|
24
-11%
|
19
-20%
|
18
-3%
|
17
-6%
|
16
-9%
|
15
-2%
|
14
-10%
|
13
-4%
|
13
-1%
|
13
+0%
|
13
+1%
|
13
+1%
|
14
+3%
|
14
+1%
|
17
+23%
|
17
-2%
|
16
-2%
|
16
-1%
|
12
-23%
|
13
+3%
|
13
+1%
|
14
+6%
|
15
+7%
|
15
+3%
|
15
+3%
|
16
+2%
|
16
-1%
|
16
+2%
|
16
+2%
|
16
-1%
|
17
+2%
|
18
+7%
|
16
-7%
|
16
-3%
|
16
-2%
|
14
-8%
|
15
+7%
|
16
+6%
|
17
+7%
|
20
+17%
|
21
+4%
|
23
+9%
|
24
+4%
|
24
+1%
|
24
-2%
|
22
-8%
|
21
-7%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(10)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(17)
|
(18)
|
(20)
|
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
(23)
|
(23)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(32)
|
(33)
|
(32)
|
(32)
|
(31)
|
(31)
|
(31)
|
(32)
|
(34)
|
(35)
|
(35)
|
(37)
|
(38)
|
(41)
|
(43)
|
(45)
|
(46)
|
(46)
|
(46)
|
(47)
|
(47)
|
(48)
|
(49)
|
(50)
|
(49)
|
(50)
|
(49)
|
(48)
|
(55)
|
(55)
|
(56)
|
(64)
|
(64)
|
(72)
|
(75)
|
(73)
|
(70)
|
(67)
|
(68)
|
(65)
|
(66)
|
(67)
|
(66)
|
(66)
|
(63)
|
(58)
|
|
| Selling, General & Administrative |
(7)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(18)
|
(18)
|
(19)
|
(20)
|
(21)
|
(21)
|
(22)
|
(23)
|
(24)
|
(26)
|
(28)
|
(29)
|
(30)
|
(30)
|
(30)
|
(31)
|
(31)
|
(32)
|
(32)
|
(33)
|
(32)
|
(32)
|
(32)
|
(31)
|
(38)
|
(38)
|
(39)
|
(45)
|
(43)
|
(47)
|
(49)
|
(45)
|
(42)
|
(40)
|
(40)
|
(40)
|
(40)
|
(41)
|
(38)
|
(38)
|
(37)
|
(35)
|
|
| Research & Development |
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(12)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(20)
|
(21)
|
(24)
|
(26)
|
(28)
|
(28)
|
(27)
|
(27)
|
(25)
|
(26)
|
(26)
|
(26)
|
(27)
|
(25)
|
(23)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(1)
N/A
|
(1)
+58%
|
1
N/A
|
1
+16%
|
0
-44%
|
(1)
N/A
|
(2)
-109%
|
(3)
-20%
|
(3)
+10%
|
3
N/A
|
3
+17%
|
3
-10%
|
6
+126%
|
3
-45%
|
6
+81%
|
8
+37%
|
6
-23%
|
14
+121%
|
14
-3%
|
14
+1%
|
15
+5%
|
7
-51%
|
7
-8%
|
3
-55%
|
(2)
N/A
|
(7)
-206%
|
(13)
-79%
|
(14)
-9%
|
(15)
-6%
|
(16)
-6%
|
(16)
+3%
|
(17)
-8%
|
(18)
-6%
|
(19)
-7%
|
(21)
-7%
|
(21)
-4%
|
(22)
-3%
|
(23)
-4%
|
(25)
-8%
|
(24)
+3%
|
(27)
-12%
|
(28)
-7%
|
(30)
-4%
|
(34)
-14%
|
(34)
+1%
|
(34)
-1%
|
(34)
+0%
|
(33)
+2%
|
(34)
-2%
|
(34)
-1%
|
(34)
+2%
|
(34)
-1%
|
(33)
+3%
|
(32)
+2%
|
(39)
-21%
|
(38)
+1%
|
(39)
-1%
|
(48)
-24%
|
(49)
-2%
|
(56)
-16%
|
(61)
-8%
|
(58)
+4%
|
(54)
+7%
|
(50)
+8%
|
(48)
+4%
|
(44)
+8%
|
(43)
+3%
|
(43)
0%
|
(41)
+4%
|
(43)
-3%
|
(41)
+4%
|
(38)
+7%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
1
|
1
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
0
|
1
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
4
|
4
|
3
|
5
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
| Pre-Tax Income |
0
N/A
|
1
+863%
|
2
+152%
|
2
+3%
|
2
-24%
|
(0)
N/A
|
(2)
-605%
|
(2)
-59%
|
(3)
-11%
|
2
N/A
|
2
-11%
|
1
-38%
|
4
+306%
|
1
-68%
|
4
+190%
|
6
+53%
|
4
-36%
|
11
+185%
|
11
+2%
|
12
+8%
|
14
+12%
|
7
-47%
|
7
-8%
|
3
-55%
|
(2)
N/A
|
(7)
-216%
|
(13)
-80%
|
(14)
-10%
|
(15)
-6%
|
(16)
-6%
|
(16)
+3%
|
(17)
-8%
|
(18)
-6%
|
(19)
-7%
|
(20)
-7%
|
(21)
-4%
|
(22)
-2%
|
(23)
-4%
|
(24)
-7%
|
(23)
+4%
|
(26)
-12%
|
(28)
-7%
|
(29)
-4%
|
(33)
-14%
|
(32)
+1%
|
(33)
-1%
|
(33)
+0%
|
(32)
+2%
|
(33)
-2%
|
(33)
-1%
|
(33)
+1%
|
(33)
-2%
|
(33)
+3%
|
(32)
+2%
|
(40)
-25%
|
(34)
+14%
|
(35)
-1%
|
(45)
-28%
|
(44)
+1%
|
(56)
-27%
|
(60)
-7%
|
(56)
+6%
|
(52)
+8%
|
(48)
+8%
|
(46)
+4%
|
(42)
+8%
|
(41)
+3%
|
(41)
0%
|
(39)
+4%
|
(40)
-4%
|
(39)
+3%
|
(37)
+7%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
2
|
2
|
2
|
(1)
|
(4)
|
(5)
|
(5)
|
(3)
|
(3)
|
(1)
|
2
|
4
|
6
|
6
|
(1)
|
(2)
|
(4)
|
(5)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
11
|
11
|
11
|
11
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
0
|
1
|
2
|
2
|
1
|
(0)
|
(2)
|
(3)
|
(3)
|
2
|
2
|
1
|
4
|
1
|
6
|
8
|
6
|
10
|
7
|
8
|
8
|
4
|
4
|
2
|
(1)
|
(3)
|
(7)
|
(8)
|
(16)
|
(18)
|
(19)
|
(22)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(24)
|
(23)
|
(15)
|
(17)
|
(18)
|
(22)
|
(33)
|
(33)
|
(33)
|
(32)
|
(33)
|
(33)
|
(33)
|
(33)
|
(33)
|
(32)
|
(40)
|
(34)
|
(35)
|
(44)
|
(44)
|
(56)
|
(60)
|
(56)
|
(52)
|
(48)
|
(46)
|
(42)
|
(41)
|
(41)
|
(39)
|
(40)
|
(39)
|
(37)
|
|
| Net Income (Common) |
0
N/A
|
1
+1 117%
|
2
+162%
|
2
+3%
|
1
-24%
|
(0)
N/A
|
(2)
-558%
|
(3)
-58%
|
(3)
-10%
|
2
N/A
|
2
-12%
|
1
-48%
|
4
+396%
|
1
-68%
|
6
+341%
|
8
+36%
|
6
-29%
|
9
+67%
|
7
-26%
|
7
+4%
|
8
+7%
|
4
-49%
|
3
-15%
|
2
-52%
|
(1)
N/A
|
(4)
-421%
|
(7)
-90%
|
(8)
-17%
|
(16)
-97%
|
(18)
-13%
|
(19)
-7%
|
(22)
-13%
|
(18)
+18%
|
(19)
-7%
|
(20)
-7%
|
(21)
-4%
|
(22)
-2%
|
(22)
-4%
|
(24)
-7%
|
(23)
+4%
|
(26)
-11%
|
(28)
-7%
|
(29)
-4%
|
(33)
-14%
|
(33)
+1%
|
(33)
-1%
|
(33)
+0%
|
(32)
+2%
|
(33)
-2%
|
(33)
-1%
|
(33)
+1%
|
(33)
-2%
|
(44)
-32%
|
(43)
+2%
|
(51)
-18%
|
(46)
+11%
|
(35)
+24%
|
(44)
-27%
|
(44)
+2%
|
(56)
-28%
|
(60)
-8%
|
(56)
+6%
|
(52)
+7%
|
(48)
+8%
|
(46)
+4%
|
(42)
+8%
|
(41)
+3%
|
(41)
0%
|
(39)
+5%
|
(40)
-4%
|
(39)
+3%
|
(37)
+7%
|
|
| EPS (Diluted) |
0.01
N/A
|
0.1
+900%
|
0.26
+160%
|
0.27
+4%
|
0.21
-22%
|
-0.04
N/A
|
-0.22
-450%
|
-0.35
-59%
|
-0.39
-11%
|
0.24
N/A
|
0.22
-8%
|
0.11
-50%
|
0.55
+400%
|
0.17
-69%
|
0.8
+371%
|
1.08
+35%
|
0.76
-30%
|
1.31
+72%
|
1
-24%
|
1.03
+3%
|
1.12
+9%
|
0.56
-50%
|
0.5
-11%
|
0.24
-52%
|
-0.1
N/A
|
-0.52
-420%
|
-0.98
-88%
|
-1.14
-16%
|
-2.22
-95%
|
-2.26
-2%
|
-2.4
-6%
|
-2.62
-9%
|
-2.19
+16%
|
-2.25
-3%
|
-2.38
-6%
|
-2.23
+6%
|
-2.36
-6%
|
-2.21
+6%
|
-2.34
-6%
|
-2.14
+9%
|
-2.43
-14%
|
-2.45
-1%
|
-2.53
-3%
|
-2.88
-14%
|
-2.86
+1%
|
-2.85
+0%
|
-2.8
+2%
|
-2.69
+4%
|
-2.79
-4%
|
-2.76
+1%
|
-2.7
+2%
|
-2.72
-1%
|
-3.41
-25%
|
-2.65
+22%
|
-3.11
-17%
|
-2.77
+11%
|
-2.11
+24%
|
-2.55
-21%
|
-2.22
+13%
|
-2.81
-27%
|
-3.12
-11%
|
-2.79
+11%
|
-2.58
+8%
|
-2.38
+8%
|
-2.26
+5%
|
-2.03
+10%
|
-1.91
+6%
|
-1.9
+1%
|
-1.83
+4%
|
-1.88
-3%
|
-1.83
+3%
|
-1.7
+7%
|
|