Is Digimarc CORP (DMRC) Halal?

NASDAQ Technology United States $99M
✓ HALAL
Confidence: 95/100
Digimarc CORP (DMRC) is Halal under 3 of 5 Shariah screening standards, including AAOIFI Standard 21. With a debt ratio of just 4.5% against the AAOIFI threshold of 30%, Digimarc CORP comfortably passes the key financial ratio tests. The company operates in the Technology sector (Software - Application), which is not a prohibited industry under Islamic finance principles.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 4.5%
/ 30%
24.7%
/ 30%
5.5%
/ 30%
4.73%
/ 5%
✓ HALAL
DJIM 4.5%
/ 33%
24.7%
/ 33%
5.5%
/ 33%
4.73%
/ 5%
✓ HALAL
MSCI 6.9%
/ 33%
37.9%
/ 33%
8.5%
/ 33%
4.73%
/ 5%
✗ NOT HALAL
S&P 4.5%
/ 33%
24.7%
/ 33%
5.5%
/ 33%
4.73%
/ 5%
✓ HALAL
FTSE 6.9%
/ 33%
37.9%
/ 33%
8.5%
/ 50%
4.73%
/ 5%
✗ NOT HALAL

Financial Highlights

EPS
$-1.49
P/B Ratio
2.4
EV/EBITDA
-4.1
EV: $91M
Revenue
$34M
Growth: 2.9%
Beta
1.8
High volatility
Current Ratio
2.6

Profitability

Gross Margin 75.6%
Operating Margin -11.9%
Net Margin -95.3%
Return on Equity (ROE) -63.6%
Return on Assets (ROA) -29.1%

Cash Flow & Balance Sheet

Operating Cash Flow-$12M
Free Cash Flow-$13M
Total Debt$5M
Debt-to-Equity13.0
Current Ratio2.6
Total Assets$53M

Price & Trading

Last Close$4.66
50-Day MA$5.39
200-Day MA$8.65
Avg Volume253K
Beta1.8
52-Week Range
$4.07
$14.64

About Digimarc CORP (DMRC)

CEO
Mr. Riley Young McCormack
Employees
110
Sector
Technology
Industry
Software - Application
Country
United States
Exchange
NASDAQ
Market Cap
$99M
Currency
USD

Digimarc Corporation provides product digitization solutions in the United States and internationally. The company offers software subscriptions and software development services. It also provides physical digimarc solutions for anti-counterfeiting, counterfeiting deterrence, product swap prevention, recycling, and secure gift cards; and digital digimarc solutions for internal compliance, leak detection, piracy prevention, provenance and authenticity, and royalty monitoring. In addition, the company offers commercial solutions which runs on the Illuminate platform, a software as a service cloud-based platform for digital connectivity. The company serves retail, CPG, media and technology, pharmaceutical, health and wellness, apparel, and automotive industries, as well as central banks and other government customers. Digimarc Corporation was incorporated in 2008 and is headquartered in Beaverton, Oregon.

Purification Calculator

As a halal stock with 4.73% impermissible income, you need to purify your dividends.

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Frequently Asked Questions

Is Digimarc CORP (DMRC) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Digimarc CORP is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Digimarc CORP's debt ratio?

Digimarc CORP's debt ratio is 4.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 6.9%.

Does Digimarc CORP require dividend purification?

Yes, Digimarc CORP has an impermissible income ratio of 4.73%, which means 4.73% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.

What are Digimarc CORP's key financial metrics?

Digimarc CORP has a market capitalization of $99M, and revenue of $34M. The company maintains a gross margin of 75.6% and a net margin of -95.3%. Return on equity stands at -63.6%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.