10-Q quarterly report · filed Nov 13, 2025

Digimarc CORP (DMRC) Q3 2025 10-Q Quarterly Report

Short answer

Digimarc CORP (DMRC) filed its Q3 2025 10-Q quarterly report on Nov 13, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8M (down 19.2% year over year) with net income of −$8M.

Q3 2025 key financials · XBRL

Revenue
$8M
−19.2% YoY · −4.8% QoQ
Net income
−$8M
+24.2% YoY · +0.8% QoQ
Operating margin
-109.7%
Gross margin
58.3%
EPS (diluted)
−$0.37
+26.0% YoY · +2.6% QoQ

Source: XBRL data from the Digimarc CORP (DMRC) Q3 2025 10-Q on SEC EDGAR. USD.

Digimarc CORP Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q3 revenue $7.627M, down 19% YoY from $9.443M; subscription $4.567M, service $3.060M
  • Gross margin 58% vs 62% YoY; subscription margin 86% vs 86%, service margin 57% vs 61%
  • Commercial revenue $4.308M, down 20% YoY; government revenue $3.319M, down 18%
  • Operating expenses $12.8M vs $17.3M YoY; lower cash compensation costs of $5.4M
  • ARR $15.813M vs $18.674M; Q4 contract renegotiation expected to reduce annualized revenue by $3.1M

Risk Factors

  • Activist shareholder actions and securities litigation, with adviser costs negatively impacting quarterly financial results
  • Securities litigation exposure, including potential additional suits from stock-price volatility
  • Strategic uncertainty from activist initiatives, risking investor, customer, director, employee, and partner retention
  • Management distraction from shareholder proposals, board nominations, and litigation proceedings

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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