Here are the 10-Q quarterly reports from Digimarc Corporation (DMRC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow DMRC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DMRC filings page.
Digimarc Corporation reported continued losses and shrinking revenue for the three and six months ended June 30, 2026. Q2 revenue was $7.4 million, down 8% from $8.0 million, and six‑month revenue was $15.0 million, down 14% from $17.4 million, mainly due to the expiration of key commercial subscription contracts. Service revenue grew modestly in Q2 but declined year‑to‑date as certain recycling projects wound down.
Gross margin remained relatively stable at 58%. Q2 operating expenses rose to $16.7 million (up 27%), driven by $5.4 million of one‑time stock‑based compensation from accelerated vesting of the former CEO’s equity and corporate reorganization costs, partly offset by lower headcount. Six‑month operating expenses fell 9% to $28.3 million as earlier severance and payroll costs rolled off. Net loss was $12.1 million ($0.54 per share) in Q2 and $19.1 million ($0.86 per share) for six months.
Liquidity remains constrained: cash, cash equivalents, and marketable securities totaled $8.8 million, with operating cash outflow of $2.6 million versus $10.2 million a year earlier. Management concluded under ASC 205‑40 that substantial doubt exists about the company’s ability to continue as a going concern without revenue growth, cost reductions, and/or new capital. Contracted remaining performance obligations were $35.9 million, with $18.2 million expected to be recognized over the next 12 months. Subsequent to quarter‑end, the board appointed a new CEO and the company put a $50.0 million shelf registration in place to facilitate potential future financings.