DMRC · Digimarc Corp
$6.08
-0.28 (-4.40%)
At close · Oct 5
Return incl. dividend (before tax)
Going-concern doubt
— flagged Aug 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“These conditions raise substantial doubt about our ability to continue as a going concern. While it is difficult to estimate our future liquidity requirements, we believe our $8.8 million in cash, cash equivalents, and marketable securities at June 30, 2026, will not be sufficient to fund our operations, as currently planned, for at least 12 months from the filing of this Form 10-Q, unless we are able to grow revenues, raise additional capital, and/or reduce planned operating costs.”View the 10-Q filed Aug 14, 2026
Market Cap
$150.36M
Shares
22.48M
Volume · Oct 5
119.34K
Avg daily vol (3M)
151.76K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$6.36
Open$6.89
Day$6.26–6.94
52W close$4.36–16.43
Avg vol 30d167K
Short int2.5M · 11.1% float · 16.6d
Short vol36%
Last earningsAug 13, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 14
Up next
Next earnings call
Nov 13, 2026
Est · unconfirmed
· in 6 wks
filed Aug 14, 2026
call held Aug 13, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
-7.8%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$8.76M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+3.1%
Year over year · more shares
Price change (1Y)
-33.9%
Trailing year
Short interest
11.1%
Latest settlement · 16.6 days to cover
AI Brief
Q2 FY26 earnings call · Aug 13, 2026
Q2 FY26
TL;DR. New CEO Paul Carreiro unveiled a go-to-market overhaul focused on retail and CPG, while Q2 results showed ARR down 27% YoY to $11.6M, revenue down to $7.4M, and management withdrew its prior target for significant ARR growth by year-end 2026.
Bullish
- + Non-GAAP operating expenses declined 9% to $8.1M from $8.9M.
- + Secure gift card pipeline grew over 30x year-to-date, with more than 31 large and mid-sized retailers engaged and two additional retailers committed to deploy.
- + CPG digital link platform live across 45,000 SKUs for a global CPG customer, positioned ahead of GS1 Sunrise 2027 and EU Digital Product Passport compliance deadlines.
- + Balance sheet ended Q2 with $8.8M in cash and short-term investments and no debt.
Bearish
- − Management withdrew its prior target for significant ARR growth by year-end 2026.
- − Ending ARR fell to $11.6M from $15.9M a year ago, a ~27% decline driven by the October 2025 contract expiration and June 2026 contract reduction.
- − Anticipated ARR growth from gift cards was largely deferred, with CEO indicating significant demand build toward end of Q4 and Q1 2027 rather than holiday 2026.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Buy
Momentum
Weak
Sentiment
Bearish
Fundamentals
Limited
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−10%
below
Price vs 50-day avg
+5%
above
RSI (14)
61
neutral
MACD trend
Positive
52-week position
17%
mid-range
Momentum
relative strength
1-month return
+16%
trailing
6-month return
0%
trailing
YTD return
−3%
this year
Relative strength
−12%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $6 › 200d $7 — 200d above 50d
Institutional flow
Distributing
1 of 104 funds reported for Sep 30 · net -5.0K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
11.05% of float · ▲ +7.5% MoM · 16.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
104 holders — mid 3-yr range
Squeeze score
87
high risk · 0–100
Fundamentals
Not enough data for a confident read.
Quant / Vol
risk profile
Volatility
92%
annualized · 1-yr
Max drawdown
−70%
past year
ATR
8.8%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jun 30, 2021
Operating expenses
· third quarter
$12.1M – $12.6M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−10%
Bearish
Price vs 50-day avg
+5%
Bullish
RSI (14)
61
Neutral
MACD trend
Positive
Bullish
52-week position
17%
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $6 › 200d $7 — 200d above 50d
Institutional flow
Distributing
1 of 104 funds reported for Sep 30 · net -5.0K sh shares
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
11.05% of float · ▲ +7.5% MoM · 16.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
104 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $4
Now $6 · 17%
Range high $16
vs 200-day avg -10%
vs 50-day avg +5%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Free cash flow non-GAAP | -2.92M | Six Months Ended June 30, 2026 | — |
| Non-GAAP gross profit non-GAAP | 12.41M | Six Months Ended June 30, 2026 | — |
| Non-GAAP gross profit margin non-GAAP | 83% | Six Months Ended June 30, 2026 | — |
| Non-GAAP net loss non-GAAP | $1.7M | second quarter of 2026 | — |
GAAP → non-GAAP reconciliationGAAP GAAP net loss -12.13M
+1.81M Total adjustments to gross profit
+8.61M Total adjustments to operating expenses
= Non-GAAP net loss -1.71M
|
|||
| Non-GAAP net loss attributable to Digimarc Corporation non-GAAP | -3.35M | Six Months Ended June 30, 2026 | — |
| Non-GAAP net loss per diluted share non-GAAP | -$0.08 | second quarter of 2026 | — |
| Non-GAAP operating expenses non-GAAP | 16.16M | Six Months Ended June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
DMRC
this stock
Digimarc Corp
|
$150.36M | -3.0% | — | — | 11.1% |
|
QH
QUHUO Ltd
|
$350.35B | +240.7% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -14.1% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -11.4% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -6.0% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| DMRC | +29.5% | +16.3% | -0.3% | +9.3% | -3.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +29.8% | +16.7% | -12.5% | +8.4% | -15.9% |