Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 35

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 35
---
     $
     8,349

     $
     (1,568
     )

     (19
     )%

      International 

     5,319

     7,439

     (2,120
     )

     (28
     )%

     18,224

     21,411

     (3,187
     )

     (15
     )%

      Total 
      
     $
     7,627

     $
     9,443

     $
     (1,816
     )

     (19
     )%
      
     $
     25,005

     $
     29,760

     $
     (4,755
     )

     (16
     )%

      Revenue (as % of total revenue): 

      Domestic 

     30
     %

     21
     %

     27
     %

     28
     %

      International 

     70
     %

     79
     %

     73
     %

     72
     %

      Total 

     100
     %

     100
     %

     100
     %

     100
     %

       22

Domestic

The $0.3 million increase in domestic revenue for the three months ended September 30, 2025, compared to the corresponding three months ended September 30, 2024, primarily reflects higher commercial subscription revenue from new and existing commercial contracts with domestic customers.

The $1.6 million decrease in domestic revenue for the nine months ended September 30, 2025, compared to the corresponding nine months ended September 30, 2024, primarily reflects a decrease of $2.1 million from the expiration of a commercial subscription contract in June 2024 with a domestic customer, partially offset by higher subscription revenue from new and existing commercial contracts with domestic customers.

International

The $2.1 million decrease in international revenue for the three months ended September 30, 2025, compared to the corresponding three months ended September 30, 2024, primarily reflects a decrease of $0.8 million from the expiration of a commercial subscription contract in April 2025 with an international customer, $0.7 million of lower government service revenue from the Central Banks and $0.4 million of lower commercial service revenue from HolyGrail 2.0 recycling projects.