Digimarc Corporation (DMRC) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -1.85M | 991K | -2.6M | -4.69M | -5.49M | -4.24M | -7.08M | -6.83M | -8.42M | -5.32M | -189K | -7.75M | -8.74M | -7.52M | -11.22M | -13.81M | -11.86M | -7.65M | -5.98M | -6.5M |
| Operating CF Margin % | -24.37% | 11.12% | -34.04% | -58.53% | -58.56% | -48.91% | -75.03% | -65.81% | -84.75% | -57.26% | -2.1% | -88.73% | -111.49% | -104.18% | -143.47% | -178.28% | -159.98% | -107.41% | -93.14% | -103.5% |
| Operating CF Growth % | 66.33% | 123.4% | 63.36% | 31.36% | 34.86% | 20.33% | -3648.68% | 11.83% | 3.68% | 29.31% | 98.32% | 43.91% | 26.25% | 1.74% | -87.74% | -112.54% | -98% | -48.49% | -16.08% | -50% |
| Net Income | -6.97M | -4.21M | -8.15M | -8.22M | -11.73M | -8.65M | -10.75M | -9.27M | -10.34M | -10.57M | -10.72M | -10.62M | -14.04M | -12.45M | -14.93M | -14.64M | -17.78M | -8.24M | -2.87M | -15.42M |
| Depreciation & Amortization | 2.1M | 1.4M | 1.43M | 2.18M | 1.84M | 1.84M | 1.94M | 1.82M | 1.96M | 1.94M | 2.1M | 1.97M | 2.13M | 1.96M | 2.06M | 2.19M | 2.37M | 601K | 638K | 644K |
| Stock-Based Compensation | 0 | 386K | 336K | 3.77M | 1.26M | 2.09M | 2.7M | 2.41M | 2.83M | 3.01M | 2.69M | 2.58M | 2.88M | 1.98M | 3.57M | 3.27M | 2.47M | 1.59M | 1.6M | 6.74M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9.04M | 0 | 0 | 0 | 0 | -8.98M | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 2.03M | 3.34M | 4.57M | 311K | 0 | -79K | 113K | 31K | -17K | 9.06M | 0 | 250K | 0 | 430K | 8.98M | -26K | 600K | 45K | -3.93M | -232K |
| Working Capital Changes | 993K | 73K | -780K | -2.73M | 3.14M | 559K | -1.08M | -1.82M | -2.86M | 289K | 5.75M | -1.92M | 294K | 563K | -1.92M | -4.61M | 489K | -1.64M | -1.42M | 1.77M |
| Change in Receivables | -566K | 489K | -765K | -293K | -149K | 634K | 915K | -2.84M | 600K | 1.25M | 4.91M | -7.12M | 631K | 2.47M | -2.02M | 45K | 1.73M | -2.22M | 523K | -338K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -728K | 0 | 0 | -2.34M | 0 | 0 |
| Change in Payables | 1.62M | -679K | 166K | -1.47M | 1.55M | -792K | 176K | 1.63M | -2.62M | 361K | 0 | 0 | 0 | -3.86M | 728K | 4K | 0 | 2.08M | 0 | 0 |
| Cash from Investing | 1.78M | 130K | 2.04M | 6.37M | 3.56M | -8.37M | 2.55M | 1.57M | -7.03M | -4.97M | 6.53M | 2.89M | 8.11M | -3.17M | 5.18M | -151K | 1.89M | -2.84M | 10.9M | 26.05M |
| Capital Expenditures | -121K | -96K | -221K | -198K | -55K | -13K | 39K | -26K | -212K | -106K | -87K | -70K | -51K | -280K | -200K | -454K | -414K | -300K | -228K | -252K |
| CapEx % of Revenue | 1.6% | 1.08% | 2.9% | 2.47% | 0.59% | 0.15% | 0.41% | 0.25% | 2.13% | 1.14% | 0.97% | 0.8% | 0.65% | 3.88% | 2.56% | 5.86% | 5.59% | 4.21% | 3.55% | 4.01% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 129K | -5.25M | 0 | -3.51M | -131K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -189K | -257K | -120K | -88K | -118K | -223K | -90K | 0 | -131K | -97K | -86K | -112K | -129K | 5.25M | 151K | -119K | -1.87M | -185K | -131K |
| Cash from Financing | -888K | -413K | -432K | -506K | -1.56M | -528K | -575K | -554K | 30.42M | -691K | -773K | -614K | -682K | 3.87M | -601K | 57.83M | -598K | -874K | -1.12M | -2.9M |
| Debt Issued (Net) | -3K | -1K | -13K | -3K | -15K | -2K | -17K | -3K | -15K | -3K | -17K | 10K | -26K | -3K | -15K | -2K | -15K | 0 | 0 | 0 |
| Equity Issued (Net) | -885K | -412K | -419K | -503K | -1.54M | -526K | -558K | -551K | 30.44M | -688K | -756K | -624K | -656K | 3.87M | -586K | -391K | -583K | -874K | -1.12M | -2.9M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -885K | -412K | -419K | -503K | -1.54M | -526K | -558K | -551K | -1.78M | -688K | -756K | -624K | -656K | -796K | -586K | -391K | -583K | -874K | -1.12M | -2.9M |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58.22M | 0 | 0 | 0 | 0 |
| Net Change in Cash | -1M | 719K | -1.01M | 1.21M | -3.46M | -13.2M | -5.04M | -5.82M | 14.96M | -10.88M | 5.51M | -5.48M | -1.3M | -6.76M | -6.7M | 43.82M | -10.56M | 16.46M | 3.8M | 16.65M |
| Free Cash Flow | -1.89M | 895K | -2.82M | -5.01M | -5.54M | -4.37M | -7.15M | -6.95M | -8.63M | -5.55M | -373K | -7.9M | -8.91M | -7.8M | -11.42M | -14.27M | -12.39M | -7.95M | -6.39M | -6.88M |
| FCF Margin % | -24.95% | 10.05% | -36.93% | -62.5% | -59.15% | -50.43% | -75.74% | -66.92% | -86.88% | -59.81% | -4.15% | -90.52% | -113.57% | -108.06% | -146.03% | -184.14% | -167.17% | -111.62% | -99.58% | -109.6% |
| FCF Growth % | 65.87% | 120.5% | 60.61% | 27.93% | 35.82% | 21.38% | -1817.43% | 12.1% | 3.06% | 28.81% | 96.73% | 44.61% | 28.11% | 1.92% | -78.73% | -107.31% | -91.66% | -41.66% | -15.05% | -51.13% |
| FCF per Share | -0.09 | 0.04 | -0.13 | -0.23 | -0.26 | -0.20 | -0.33 | -0.32 | -0.42 | -0.27 | -0.02 | -0.39 | -0.44 | -0.39 | -0.58 | -0.73 | -0.71 | -0.48 | -0.39 | -0.42 |
| FCF Conversion (FCF/Net Income) | 0.27x | -0.24x | 0.32x | 0.57x | 0.47x | 0.49x | 0.66x | 0.74x | 0.81x | 0.50x | 0.02x | 0.73x | 0.62x | 0.60x | 0.75x | 0.94x | 0.67x | 0.93x | 2.08x | 0.42x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 25K | 3K | -49K | 3K | 28K | 18K | 95K | 5K | 131K | 2K | -29K | 76K | 11K | 3K | 5K | 4K | 14K |