Every 10-Q that VerifyMe, Inc. (VRME) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VRME and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VRME filings page.
VerifyMe, Inc., a precision logistics and brand-protection company, reported substantially lower results for the quarter and six months ended June 30, 2026 after losing a key carrier partner in late 2025. Quarterly net revenue was $1.9 million, down 58% from 2025, with a net loss of $0.5 million.
For the first half of 2026, revenue was $3.7 million versus $9.0 million a year earlier and net loss widened to $1.2 million, despite gross margin improving to 54% from 35% due to mix and cost actions. Cash and equivalents were $5.1 million and total liabilities only $1.4 million, supported by repayment of a $2.0 million ZenCredit loan and no borrowings under the PNC facility. Convertible notes outstanding total $0.75 million at 8% interest.
The company is pivoting its logistics business to new partners and service lines and has signed a Merger Agreement with Open World Ltd. Under the proposed share exchange, existing VerifyMe stockholders are expected to hold about 10% of the combined company, with Open World holders about 87.75% and an advisor 2.25%, subject to conditions including Nasdaq listing, a reverse stock split if requested, and minimum closing net cash. VerifyMe also received a Nasdaq notice in April 2026 for falling below the $1.00 minimum bid price requirement and has until October 14, 2026 to regain compliance.
VerifyMe, Inc. reports a sharply weaker quarter as it restructures its business and pursues a transformative merger. Net revenue for the three months ended March 31, 2026 fell to $1.77 million from $4.46 million, mainly after losing its prior carrier partner for ProActive services.
Despite lower volume, gross margin improved to 54% as cost of revenue declined, but the company still posted a net loss of $679 thousand, similar to the prior year. Cash and cash equivalents were $3.52 million with total assets of $12.12 million and no borrowings under the PNC revolving credit facility.
The company agreed to merge with Open World Ltd., after which existing VerifyMe holders are expected to own about 10% of the combined company and Open World investors about 90%, subject to multiple closing conditions, a reverse stock split and Nasdaq listing approval. VerifyMe also received a Nasdaq notice that its share price fell below the $1.00 minimum bid requirement, creating delisting risk if compliance is not regained. Subsequent to quarter-end, it collected the $2.0 million ZenCredit note plus interest, strengthening liquidity.
VerifyMe, Inc. reported consolidated net revenue of $4.52 million for the three months ended June 30, 2025 and $8.98 million for the six months ended June 30, 2025, down from $5.35 million and $11.11 million in the comparable prior-year periods. Gross profit was $1.59 million for the quarter and $3.08 million for six months. The company recorded a net loss of $0.29 million in Q2 2025 and a six-month net loss of $0.86 million, slightly improved from prior-year losses.
Liquidity strengthened as cash and cash equivalents rose to $6.07 million at June 30, 2025 from $2.82 million at December 31, 2024, driven in part by $4.35 million of net proceeds from warrant exercises. Total liabilities fell to $2.73 million from $5.85 million. Material items disclosed include payoff of the term note on January 21, 2025, convertible debt outstanding of $750 thousand as of June 30, 2025, an ATM program established for up to $15.8 million, a share repurchase of 201,486 shares for $153 thousand, and subsequent events including a $2.0 million loan to ZenCredit and UPS agreements entered on July 29, 2025.