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Digimarc Earnings Calls
| Release date | May 12, 2026 |
| EPS estimate | -$0.360 |
| EPS actual | -$0.0700 |
| EPS Surprise | 80.56% |
| Revenue estimate | 7.05M |
| Revenue actual | 7.579M |
| Revenue Surprise | 7.50% |
| Release date | Mar 11, 2026 |
| EPS estimate | -$0.240 |
| EPS actual | $0.0500 |
| EPS Surprise | 120.83% |
| Revenue estimate | 8.2M |
| Revenue actual | 8.908M |
| Revenue Surprise | 8.63% |
| Release date | Oct 30, 2025 |
| EPS estimate | -$0.0150 |
| EPS actual | -$0.100 |
| EPS Surprise | -566.67% |
| Revenue estimate | 8.225M |
| Revenue actual | 7.627M |
| Revenue Surprise | -7.26% |
| Release date | Aug 14, 2025 |
| EPS estimate | -$0.0500 |
| EPS actual | -$0.110 |
| EPS Surprise | -120.00% |
| Revenue estimate | 8.421M |
| Revenue actual | 8.01M |
| Revenue Surprise | -4.88% |
Last 4 Quarters for Digimarc
Below you can see how DMRC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 14, 2025 |
| Price on release | $11.03 |
| EPS estimate | -$0.0500 |
| EPS actual | -$0.110 |
| EPS surprise | -120.00% |
| Date | Price |
|---|---|
| Aug 08, 2025 | $11.22 |
| Aug 11, 2025 | $11.01 |
| Aug 12, 2025 | $11.51 |
| Aug 13, 2025 | $11.62 |
| Aug 14, 2025 | $11.03 |
| Aug 15, 2025 | $8.81 |
| Aug 18, 2025 | $9.26 |
| Aug 19, 2025 | $8.80 |
| Aug 20, 2025 | $8.14 |
| 4 days before | -1.69% |
| 4 days after | -26.20% |
| On release day | -20.13% |
| Change in period | -27.45% |
| Release date | Oct 30, 2025 |
| Price on release | $9.34 |
| EPS estimate | -$0.0150 |
| EPS actual | -$0.100 |
| EPS surprise | -566.67% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $10.10 |
| Oct 27, 2025 | $9.77 |
| Oct 28, 2025 | $9.67 |
| Oct 29, 2025 | $9.39 |
| Oct 30, 2025 | $9.34 |
| Oct 31, 2025 | $9.73 |
| Nov 03, 2025 | $9.97 |
| Nov 04, 2025 | $9.28 |
| Nov 05, 2025 | $9.04 |
| 4 days before | -7.52% |
| 4 days after | -3.21% |
| On release day | 4.18% |
| Change in period | -10.50% |
| Release date | Mar 11, 2026 |
| Price on release | $5.62 |
| EPS estimate | -$0.240 |
| EPS actual | $0.0500 |
| EPS surprise | 120.83% |
| Date | Price |
|---|---|
| Mar 05, 2026 | $5.00 |
| Mar 06, 2026 | $5.34 |
| Mar 09, 2026 | $5.16 |
| Mar 10, 2026 | $5.28 |
| Mar 11, 2026 | $5.62 |
| Mar 12, 2026 | $6.64 |
| Mar 13, 2026 | $6.53 |
| Mar 16, 2026 | $6.19 |
| Mar 17, 2026 | $6.23 |
| 4 days before | 12.40% |
| 4 days after | 10.85% |
| On release day | 18.15% |
| Change in period | 24.60% |
| Release date | May 12, 2026 |
| Price on release | $8.91 |
| EPS estimate | -$0.360 |
| EPS actual | -$0.0700 |
| EPS surprise | 80.56% |
| Date | Price |
|---|---|
| May 06, 2026 | $8.18 |
| May 07, 2026 | $8.58 |
| May 08, 2026 | $9.36 |
| May 11, 2026 | $8.95 |
| May 12, 2026 | $8.91 |
| May 13, 2026 | $10.56 |
| May 14, 2026 | $9.83 |
| May 15, 2026 | $9.80 |
| May 18, 2026 | $9.26 |
| 4 days before | 8.92% |
| 4 days after | 3.93% |
| On release day | 18.52% |
| Change in period | 13.20% |
Digimarc Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Commercial traction: Digimarc signed its first commercial Secure Gift Card order (covering 6 brands, >$500k ARR) and is advancing initial rollout plans with 15 North American retailers, including 8 of the top 20 by sales. Momentum has increased materially since the prior call, though some rollouts were delayed by third-party scanner firmware availability. Schnucks rollout is underway.
- Product portfolio momentum: Q1 saw 3 upsells in the Anti-counterfeiting solution across pharmaceuticals, food & beverage, and consumer goods; a 6-figure upsell in Digital Trust & Integrity with a global tech company; and ongoing engagement on agentic AI/verification initiatives tied to C2PA leadership.
- Financials: Ending ARR was $15M (down YoY from $20M due to two previously disclosed customer contract losses in 2025). Excluding those losses, ARR grew $1.8M YoY; sequential ARR grew 9%. Total revenue was $7.6M. Subscription gross margin improved ~400 bps YoY to 90%. Cash and investments: $10M, no debt. Q1 used just under $2M free cash flow; non-GAAP net loss improved materially to $1.6M.
- Cost discipline and investment: Operating expenses declined 36% YoY (cash comp and severance reductions were major drivers), while the company is selectively increasing investment in go-to-market (added two experienced sales leaders) and product areas tied to AI and recycling demos.
- Near-term outlook and risks: Management still expects significant ARR growth in 2026 but notes the composition shifted (gift cards will no longer be the largest contributor in 2026 due to timing). Primary near-term risk is third-party scanner firmware/timing and other timing-driven execution items; working capital can swing quarter-to-quarter. Corporate restructuring (CUSIP change) was approved and will be implemented shortly.
- Strategic takeaway: Digimarc is positioning itself as a "trust layer" provider across physical and digital domains (retail loss prevention, product authentication, and digital trust), with a differentiated proposition tied to watermarking/C2PA and an articulated path into scalable agentic AI verification.
