Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 34

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 34
---
 %

     60
     %

     59
     %

     59
     %

      Government 

     46
     %

     40
     %

     41
     %

     41
     %

      Total 

     100
     %

     100
     %

     100
     %

     100
     %

Commercial

The $1.9 million decrease in commercial revenue for the three months ended June 30, 2025, compared to the corresponding three months ended June 30, 2024, primarily reflects the expiration of two commercial contracts.

The $1.8 million decrease in commercial revenue for the six months ended June 30, 2025, compared to the corresponding six months ended June 30, 2024, primarily reflects the expiration of two commercial contracts, partially offset by higher commercial subscription revenue from new and existing commercial contracts and $0.4 million of higher commercial service revenue from HolyGrail 2.0 recycling projects.

Government

The $0.5 million decrease in government revenue for the three months ended June 30, 2025, compared to the corresponding three months ended June 30, 2024, primarily reflects $0.5 million of lower government service revenue from the Central Banks.

The $1.1 million decrease in government revenue for the six months ended June 30, 2025, compared to the corresponding six months ended June 30, 2024, primarily reflects $1.1 million of lower government service revenue from the Central Banks.

Annual Recurring Revenue (“ARR”)

      As of 

      As of 

      Dollar 

      Percent 

      June 30, 

      June 30, 

      Increase 

      Increase 

      2025 

      2024 

      (Decrease) 

      (Decrease) 

      ARR 
      
     $
     15,881

     $
     23,923

     $
     (8,042
     )

     (34
     )%

ARR decreased $8.0 million from June 30, 2024 to June 30, 2025, reflecting the expiration of two commercial contracts that accounted for a total of $9.3 million of ARR, partially offset by increases to ARR from new and existing commercial contracts.

We provide an ARR performance metric to help investors