DMRC FINANCIAL STATEMENTS

Digimarc Corporation — balance sheet, income statement and cash flow trends

DMRCDigimarc Corporation

🇺🇸 USA · NASDAQ · Technology · Software - Application

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue32.1 M $-15.1%

Gross Profit19.1 M $-21.0%

Operating Income-27.3 M $—

EBITDA-20.4 M $—

Net Income-27.5 M $—

Peer Comparison· Software - Application

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
DMRC	-15.1%	59.3%	-63.6%	-85.7%
LINK	49.2%	35.8%	30.4%	29.7%
FORTE	37.9%	34.3%	23.2%	74.5%
HTTBT	12.8%	47.7%	42.8%	22.5%
SGE	8.8%	89.2%	25.3%	14.6%
LOGO	14.8%	96.5%	33.8%	14.4%
Industry median	13.4%	68.1%	16.0%	8.1%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
DMRC	-15.1%	59.3%	-63.6%	-85.7%
EGAN	5.2%	73.3%	15.8%	41.7%
KLTR	-1.3%	71.1%	-2.1%	-8.2%
EXFY	-1.3%	49.6%	-7.1%	-14.7%
DHX	-9.4%	84.8%	10.8%	-1.8%
THRY	-0.1%	67.8%	12.3%	1.9%
Industry median	13.4%	68.1%	16.0%	8.1%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity34.1 M $70%
Current Liabilities10.2 M $21%
Long-term Liabilities4.2 M $9%

Key Figures

YoY change

Total Assets48.5 M $-27.1%

Total Liabilities14.4 M $-12.5%

Total Equity34.1 M $-31.9%

Cash & ST Investments10 M $-53.8%

Total Debt4.1 M $-29.9%

Net Debt-4.7 M $—

Peer Comparison· Software - Application

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
DMRC	1.86	12.0%	0.29	70.2%
LINK	3.74	0.0%	-1.36	78.9%
FORTE	1.36	80.0%	2.30	40.4%
HTTBT	2.64	1.9%	-0.31	85.0%
SGE	0.62	919.1%	2.26	5.5%
LOGO	0.74	0.6%	-0.60	50.9%
Industry median	1.45	32.2%	-0.05	46.5%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
DMRC	1.86	12.0%	0.29	70.2%
EGAN	2.15	3.4%	-5.32	65.5%
KLTR	0.81	958.7%	4.57	2.9%
EXFY	3.48	4.0%	8.10	72.7%
DHX	0.44	45.6%	2.89	48.2%
THRY	1.23	114.7%	2.64	32.5%
Industry median	1.45	32.2%	-0.05	46.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow-8.1 M $—

Capital Expenditures756 K $+104.9%

Free Cash Flow-8.9 M $—

Dividends Paid——

Peer Comparison· Software - Application

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
DMRC	-25.3%	-27.7%	2.4%	29.6%
LINK	18.0%	2.4%	15.6%	60.4%
FORTE	95.0%	83.1%	10.6%	127.5%
HTTBT	39.2%	5.4%	45.4%	174.0%
SGE	20.4%	19.2%	1.2%	139.7%
LOGO	29.7%	18.2%	16.9%	206.6%
Industry median	22.3%	18.6%	1.9%	145.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
DMRC	-25.3%	-27.7%	2.4%	29.6%
EGAN	15.6%	14.8%	0.8%	37.5%
KLTR	9.1%	8.7%	0.4%	-110.3%
EXFY	11.0%	8.9%	2.2%	-74.9%
DHX	21.8%	16.3%	5.4%	-1,224.3%
THRY	9.8%	7.5%	4.1%	521.8%
Industry median	22.3%	18.6%	1.9%	145.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.