VerifyMe, Inc. (VRME) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VRME SEC filings page.
VerifyMe, Inc. (VRME) reported $16.4M in revenue for fiscal year 2025, down 32.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
VerifyMe’s 2025 numbers show better gross economics, but falling sales still overwhelm fixed operating costs while financing supplies cash.
In FY2025, a net loss of$4.9M coexisted with operating cash flow of$603K , so accounting earnings and near-term cash generation are measuring different pressures; part of the loss did not consume cash in the same period. Free cash flow of$585K stayed close to operating cash flow because capital expenditures were only$18K , making positive FCF primarily a sign of low reported reinvestment rather than broad cash surplus.
Revenue contracted from
Total liabilities fell from
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of VerifyMe, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
VerifyMe, Inc. held $4.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $603K of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and VerifyMe, Inc. scores 86/100 among other emerging companies.
VerifyMe, Inc. had 13M shares outstanding at the end of fiscal year 2025, against 12M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and VerifyMe, Inc. scores 43/100 among other emerging companies.
VerifyMe, Inc. spent $20K on research and development in fiscal year 2025, which was 0.1% of its operating costs that year. R&D Intensity ranks emerging companies on the share of operating costs that goes into research, and VerifyMe, Inc. scores 3/100 among other emerging companies.
VerifyMe, Inc. reported revenue of $16.4M in fiscal year 2025, against $24.2M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and VerifyMe, Inc. scores 20/100 among other emerging companies.
Not available for VerifyMe, Inc., and counted as zero in the overall score.
VerifyMe, Inc.'s cash, cash equivalents and investments came to $4.4M at the end of fiscal year 2025, against $2.0M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and VerifyMe, Inc. scores 76/100 among other emerging companies.
VerifyMe, Inc. scores -5.74, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11.8M) relative to total liabilities ($2.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
VerifyMe, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
VerifyMe, Inc. reported a net loss of $4.9M while generating $603K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
VerifyMe, Inc. reported an operating loss of $5.1M against $214K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
VerifyMe, Inc. generated $1.9M in revenue in Q2 2026. This represents a decrease of 57.8% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.
VerifyMe, Inc.'s EBITDA was -$408K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1033.3% from the same quarter a year earlier. Against the prior quarter it is up 35.7%.
VerifyMe, Inc. reported -$505K in net income in Q2 2026. This represents a decrease of 73.5% from the same quarter a year earlier. Against the prior quarter it is up 25.6%.
VerifyMe, Inc. earned -$0.04 per diluted share (EPS) in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 20.0%.
Cash & Balance Sheet
VerifyMe, Inc. held $5.1M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
VerifyMe, Inc.'s gross margin was 53.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 18.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.
VerifyMe, Inc.'s operating margin was -29.1% in Q2 2026, reflecting core business profitability. This is down 22.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.1 percentage points.
VerifyMe, Inc.'s net profit margin was -26.5% in Q2 2026, showing the share of revenue converted to profit. This is down 20.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.8 percentage points.
VerifyMe, Inc.'s ROE was -5.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.5 percentage points.
Capital Allocation
None of these metrics is reported for Q2 2026.
VRME Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-4/A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'25S-4/A | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M-57.8% | $1.8M-60.2% | $2.4M-68.8% | $5.0M-7.4% | $4.5M-15.5% | $4.5M-22.6% | $7.7M-12.1% | $5.4M-3.0% |
| Cost of Revenue | $887K-69.7% | $812K-72.6% | $1.2M-76.7% | $3.0M-16.4% | $2.9M-10.2% | $3.0M-15.3% | $5.2M-10.2% | $3.5M-0.5% |
| Gross Profit | $1.0M-35.8% | $960K-35.6% | $1.2M-51.7% | $2.1M+9.4% | $1.6M-23.9% | $1.5M-34.1% | $2.4M-15.9% | $1.9M-7.4% |
| R&D Expenses | N/A | N/A | $5K0.0% | $5K0.0% | $5K0.0% | $5K-90.9% | $5K-94.0% | $5K0.0% |
| SG&A Expenses | $815K+13.8% | $1.0M+18.7% | $1.2M+11.0% | $669K-14.0% | $716K-19.9% | $856K-23.6% | $1.1M+7.1% | $778K-34.0% |
| Operating Income | -$556K-72.7% | -$767K-29.3% | -$723K-114.5% | -$3.4M-19.6% | -$322K+39.9% | -$593K+8.3% | -$337K-588.4% | -$2.9M-235.7% |
| EBITDA | -$408K-1033.3% | -$635K-106.8% | -$592K-1873.3% | -$3.2M-22.9% | -$36K+84.7% | -$307K+11.8% | -$30K-108.2% | -$2.6M-357.9% |
| Interest Expense | $51K+59.4% | $88K+300.0% | $93K+214.8% | $67K+331.0% | $32K+176.2% | $22K0.0% | -$81K-173.6% | -$29K-422.2% |
| Net Income | -$505K-73.5% | -$679K-18.9% | -$687K-37.1% | -$3.4M-38.4% | -$291K+15.9% | -$571K-3.3% | -$501K-25150.0% | -$2.4M-160.6% |
| EPS (Basic) | -$0.04-100.0% | -$0.050.0% | -$0.050.0% | -$0.26-13.0% | -$0.02+33.3% | -$0.050.0% | -$0.05 | -$0.23-155.6% |
| EPS (Diluted) | -$0.04-100.0% | -$0.050.0% | -$0.050.0% | -$0.26-13.0% | -$0.02+33.3% | -$0.050.0% | -$0.05 | -$0.23-155.6% |
| Diluted Shares (Avg) | 13M+5.7% | 13M+8.6% | N/A | 13M+19.6% | 13M+23.5% | 12M+22.0% | N/A | 11M+7.3% |
Not reported in any period shown, so not listed: Income Tax.
VRME Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-4/A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'25S-4/A | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4M-33.6% | $12.1M-29.1% | $13.0M-19.0% | $13.3M-10.6% | $17.2M-2.1% | $17.1M-4.5% | $16.1M-22.4% | $14.8M-21.1% |
| Current Assets | $6.1M-21.8% | $6.8M-10.7% | $7.7M+21.5% | $7.9M+63.4% | $7.9M+54.3% | $7.7M+46.9% | $6.4M-17.2% | $4.8M-14.2% |
| Cash & Equivalents | $5.1M-16.1% | $3.5M-38.3% | $4.4M+54.2% | $4.0M+53.5% | $6.1M+109.2% | $5.7M+107.2% | $2.8M-6.9% | $2.6M-11.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $41K0.0% | $31K-34.0% | $37K-5.1% | $32K+68.4% | $41K+78.3% | $47K+46.9% | $39K+2.6% | $19K-54.8% |
| Accounts Receivable | $558K-49.3% | $818K-14.3% | $857K-67.5% | $1.1M-6.1% | $1.1M-9.4% | $955K-20.2% | $2.6M-12.6% | $1.2M-13.0% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $2.9M-26.6% | $2.9M-26.6% | $2.9M-26.6% | $2.9M-26.6% | $4.0M-25.2% | $4.0M-24.9% | $4.0M-25.9% | $4.0M-24.9% |
| Total Liabilities | $1.4M-47.9% | $1.7M-29.1% | $2.0M-65.4% | $2.2M-52.5% | $2.7M-48.3% | $2.5M-55.4% | $5.9M-28.4% | $4.5M-34.1% |
| Current Liabilities | $1.4M-26.5% | $1.7M+5.5% | $2.0M-52.2% | $2.1M-23.1% | $1.9M-33.8% | $1.6M-41.0% | $4.2M-17.5% | $2.8M-23.9% |
| Non-Current Liabilities | $0-100.0% | $0-100.0% | $0-100.0% | $32K-98.2% | $793K-66.2% | $804K-70.3% | $1.6M-46.8% | $1.8M-45.5% |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $500K-50.0% |
| Total Equity | $10.0M-30.9% | $10.4M-29.1% | $11.0M+7.6% | $11.1M+8.0% | $14.4M+17.8% | $14.6M+18.2% | $10.2M-18.5% | $10.3M-13.6% |
| Retained Earnings | -$91.8M-6.0% | -$91.3M-5.8% | -$90.6M-5.7% | -$89.9M-5.5% | -$86.5M-4.6% | -$86.2M-4.7% | -$85.7M-4.7% | -$85.2M-4.1% |
VRME Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-4/A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'25S-4/A | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$291K-141.0% | -$711K-76.0% | $54K-90.5% | $243K+2530.0% | $710K+90.9% | -$404K-573.3% | $569K-32.5% | -$10K+92.6% |
| Depreciation & Amortization | $148K-48.3% | $132K-53.8% | $131K-57.3% | $281K-8.2% | $286K-4.7% | $286K-4.3% | $307K+2.7% | $306K+3.7% |
| Capital Expenditures | N/A | N/A | $11K | $1K-50.0% | N/A | N/A | $0-100.0% | $2K |
| Free Cash Flow | N/A | N/A | $43K-92.4% | $242K+2116.7% | N/A | N/A | $569K-32.3% | -$12K+91.2% |
| Investing Cash Flow | $1.9M+1166.5% | -$109K+30.1% | -$167K+24.8% | -$2.2M-1279.0% | -$176K-117.3% | -$156K-41.8% | -$222K-93.0% | -$162K+27.0% |
| Financing Cash Flow | -$13K+92.5% | -$14K-100.4% | $459K+357.9% | -$69K+44.8% | -$174K+15.9% | $3.4M+3349.1% | -$178K+72.3% | -$125K-118.7% |
| Share Buybacks | N/A | N/A | $0-100.0% | $68K | N/A | N/A | $17K | $0 |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid.
VRME Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'26S-4/A | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'25S-4/A | Q4'24S-4/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.5%+18.3pp | 54.2%+20.7pp | 48.8%+17.3pp | 41.2%+6.3pp | 35.2%-3.9pp | 33.5%-5.8pp | 31.6%-1.4pp | 34.9%-1.6pp |
| Operating Margin | -29.1%-22.0pp | -43.3%-30.0pp | -30.3%-25.9pp | -68.2%-15.4pp | -7.1%+2.9pp | -13.3%-2.1pp | -4.4%-5.2pp | -52.8%-37.5pp |
| Net Margin | -26.5%-20.0pp | -38.3%-25.5pp | -28.7%-22.2pp | -66.7%-22.1pp | -6.4%0.0pp | -12.8%-3.2pp | -6.5%-6.6pp | -44.6%-28.0pp |
| Return on Equity | -5.1%-3.1pp | -6.5%-2.6pp | -6.2%-1.3pp | -30.2%-6.6pp | -2.0%+0.8pp | -3.9%+0.6pp | -4.9%-4.9pp | -23.6%-15.8pp |
| Return on Assets | -4.4%-2.7pp | -5.6%-2.3pp | -5.3%-2.2pp | -25.3%-8.9pp | -1.7%+0.3pp | -3.3%-0.2pp | -3.1%-3.1pp | -16.4%-11.4pp |
| Current Ratio | 4.32+0.3x | 3.94-0.7x | 3.82+2.3x | 3.70+2.0x | 4.06+2.3x | 4.66+2.8x | 1.500.0x | 1.74+0.2x |
| Debt-to-Equity | 0.140.0x | 0.170.0x | 0.18-0.4x | 0.19+0.1x | 0.19+0.1x | 0.17+0.1x | 0.57+0.5x | 0.050.0x |
| Asset Turnover | 0.17-0.1x | 0.15-0.1x | 0.18-0.3x | 0.380.0x | 0.260.0x | 0.26-0.1x | 0.48+0.1x | 0.37+0.1x |
| FCF Margin | N/A | N/A | 1.8%-5.6pp | 4.8%+5.0pp | N/A | N/A | 7.4%-2.2pp | -0.2%+2.2pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VerifyMe, Inc. VRME | FY2025 | $16.4M | -$4.9M | -29.9% | $11.8M | 38/100 |
| SU Group Holdings Limited SUGP | FY2025 | $24.7M | -$2.4M | -9.6% | $665K | 43/100 |
| BIO-key International, Inc. BKYI | FY2025 | $5.9M | $7.2M | N/A | $3.0M | 24/100 |
| Guardforce AI Co., Limited GFAI | FY2025 | $35.2M | -$6.6M | -18.9% | $9.7M | 32/100 |
| Iveda Solutions, Inc. IVDA | FY2025 | $5.3M | -$3.2M | -60.6% | $3.6M | 55/100 |
| SuperCom, Ltd SPCB | FY2025 | $27.9M | $3.7M | 13.4% | $59.1M | 47/100 |
Where VerifyMe, Inc. Ranks
Frequently Asked Questions
What is VerifyMe, Inc.'s annual revenue?
VerifyMe, Inc. (VRME) reported $16.4M in total revenue for fiscal year 2025. This represents a -32.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is VerifyMe, Inc.'s revenue growing?
VerifyMe, Inc. (VRME) revenue declined by 32.3% year-over-year, from $24.2M to $16.4M in fiscal year 2025.
Is VerifyMe, Inc. profitable?
No, VerifyMe, Inc. (VRME) reported a net income of -$4.9M in fiscal year 2025, with a net profit margin of -29.9%.
What is VerifyMe, Inc.'s EBITDA?
VerifyMe, Inc. (VRME) had EBITDA of -$4.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is VerifyMe, Inc.'s gross margin?
VerifyMe, Inc. (VRME) had a gross margin of 38.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is VerifyMe, Inc.'s operating margin?
VerifyMe, Inc. (VRME) had an operating margin of -30.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is VerifyMe, Inc.'s net profit margin?
VerifyMe, Inc. (VRME) had a net profit margin of -29.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is VerifyMe, Inc.'s return on equity (ROE)?
VerifyMe, Inc. (VRME) has a return on equity of -44.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is VerifyMe, Inc.'s free cash flow?
VerifyMe, Inc. (VRME) generated $585K in free cash flow during fiscal year 2025. This represents a -32.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is VerifyMe, Inc.'s operating cash flow?
VerifyMe, Inc. (VRME) generated $603K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are VerifyMe, Inc.'s total assets?
VerifyMe, Inc. (VRME) had $13.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are VerifyMe, Inc.'s capital expenditures?
VerifyMe, Inc. (VRME) invested $18K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does VerifyMe, Inc. spend on research and development?
VerifyMe, Inc. (VRME) invested $20K in research and development during fiscal year 2025.
What is VerifyMe, Inc.'s current ratio?
VerifyMe, Inc. (VRME) had a current ratio of 3.82 as of fiscal year 2025, which is generally considered healthy.
What is VerifyMe, Inc.'s debt-to-equity ratio?
VerifyMe, Inc. (VRME) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VerifyMe, Inc.'s return on assets (ROA)?
VerifyMe, Inc. (VRME) had a return on assets of -37.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VerifyMe, Inc.'s P/E ratio?
VerifyMe, Inc. (VRME) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $11.8M as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VerifyMe, Inc.'s price-to-sales ratio?
VerifyMe, Inc. (VRME) trades at 1.1x sales, its market capitalization divided by revenue of $11.1M revenue, trailing 12 months to June 30, 2026. The market capitalization is $11.8M as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is VerifyMe, Inc.'s Altman Z-Score?
VerifyMe, Inc. (VRME) has an Altman Z-Score of -5.74, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is VerifyMe, Inc.'s Piotroski F-Score?
VerifyMe, Inc. (VRME) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VerifyMe, Inc.'s earnings high quality?
VerifyMe, Inc. (VRME) reported a net loss of $4.9M while generating $603K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can VerifyMe, Inc. cover its interest payments?
VerifyMe, Inc. (VRME) reported an operating loss of $5.1M against $214K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is VerifyMe, Inc.?
VerifyMe, Inc. (VRME) scores 38 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.