Company: DMRC
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034816
Chunk: 43

Company: Digimarc CORP
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 43
---
 2024 

      Increase/(Decrease) 

      Increase/(Decrease) 

      2025 

      2024 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Cost of revenue 
      
     $
     336

     $
     154

     $
     182

     118
     %
      
     $
     726

     $
     563

     $
     163

     29
     %

      Sales and marketing 

     577

     688

     (111
     )

     (16
     )%

     1,727

     2,198

     (471
     )

     (21
     )%

      Research, development and engineering 

     1,244

     648

     596

     92
     %

     2,872

     1,911

     961

     50
     %

      General and administrative 

     1,708

     1,212

     496

     41
     %

     3,571

     3,267

     304

     9
     %

      Total 
      
     $
     3,865

     $
     2,702

     $
     1,163

     43
     %
      
     $
     8,896

     $
     7,939

     $
     957

     12
     %

The $1.2 million increase in stock-based compensation expense for the three months ended September 30, 2025, compared to the corresponding three months ended September 30, 2024, primarily reflects a larger number of employee stock grants and a higher estimate of future achievement of performance conditions on performance restricted stock unit awards. 

The $1.0 million increase in stock-based compensation expense for the nine months ended September 30, 2025, compared to the corresponding nine months ended September 30, 2024, primarily reflects a larger number of employee stock grants and a higher estimate of future achievement of performance conditions on performance restricted stock unit awards. 

We anticipate incurring an additional $15.5 million in stock-based compensation expense through September 30, 2029, for stock awards outstanding as of September 30, 2025. 

Other income, net

      Three Months Ended September