Digimarc Corporation

DMRCNASDAQTechnology● Active

$13.63

$-0.80(-5.54%)

Market Cap$303158119

P/E Ratio—

52W High$17.47

52W Low$4.07

Avg Volume251K

Open$13.96

Beta2.19

Free Cash Flow Financials Revenue

Digimarc Corporation (DMRC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DMRC · free cash flow · updated Jun 8, 2026

Core FCF metrics

DMRC · FCF · TTM · margin & CAGR

Free cash flow was −$12.3M for FY2025 (fiscal year ending 2025-12-31), up 53.9% year-over-year The FCF margin was -36.4%.

FY2025 Free Cash Flow−$12.3M▲ +53.9% YoY

Trailing 12M (TTM)−$8.8Mtrailing 4 quarters sum

FCF Margin-36.4%−$12.3M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DMRC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$11.8M(1M)−$12.3M▲ +53.9%-36.4%

FY2024−$26.6M(0M)−$26.8M▼ 17.8%-69.7%

FY2023−$22.0M(1M)−$22.7M▲ +50.4%-65.2%

FY2022−$44.4M(1M)−$45.9M▼ 65.7%-151.9%

FY2021−$26.1M(2M)−$27.7M▼ 28.4%-104.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DMRC · P/FCF · FCF yield · FCF per share

Digimarc Corporation (DMRC) reported negative free cash flow of −$0.01B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DMRC · cash flow statement · operating / investing / financing

For FY2025, Digimarc Corporation generated −$11.8M in operating cash flow and spent 1M in capital expenditures, yielding −$12.3M in free cash flow.

Operating Activities

−$11.8M

Cash from core business operations

2025-12-31

Investing Activities

+$12.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$11.8M) − |CapEx| (1M) = FCF (−$12.3M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DMRC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Digimarc CorporationYOU

DMRC

−$12.3M+53.9%-36.4%

Loss

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Digimarc Corporation (DMRC) reported free cash flow of −$12.3M for FY2025 (fiscal year ending 2025-12-31), up 53.9% year-over-year. The FCF margin was -36.4%.

Based on available data, Digimarc Corporation has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $13.9M in FY2012.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DMRC free cash flow · 8 questions

Digimarc Corporation free cash flow was −$12.3M for FY2025, up 53.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$8.8M.

DMRC free cash flowDMRC FCFDMRC FCF 2025DMRC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Digimarc Corporation · Digimarc Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026