Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 9

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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   3,212   —   3,212 
 U.S. treasuries   —   1,996   —   1,996 
 Total  $1,604  $9,598  $—  $11,202 

     December 31, 2024   Level 1    Level 2    Level 3    Total  
 Money market securities  $112  $—  $—  $112 
 Commercial paper   —   10,633   —   10,633 
 U.S. treasuries   —   9,192   —   9,192 
 Federal agency notes   —   5,317   —   5,317 
 Total  $112  $25,142  $—  $25,254 

   The fair value maturities of the Company’s cash equivalents and marketable securities as of  September 30, 2025, were as follows:

       Maturities by Period  
       Less than    1-5    5-10    More than  
   Total    1 year    years    years    10 years  
 Cash equivalents and marketable securities  $11,202  $11,202  $—  $—  $— 

   The Company considers all highly liquid marketable securities with original maturities of 90 days or less at the date of acquisition to be cash equivalents. Cash equivalents include commercial paper, federal agency notes, U.S. treasuries, and money market securities totaling $7,741 and $8,889 at  September 30, 2025 and  December 31, 2024, respectively. Cash equivalents are carried at either cost or fair value, depending on the type of security.

       8

       Table of Contents

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

        (UNAUDITED)

   3. Revenue Recognition
    
   The Company derives its revenue primarily from software subscriptions and software development services. Applicable revenue recognition criteria are considered separately for each performance obligation as follows:
    
     • Subscription revenue consists primarily of