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VRME

VerifyMe, Inc.

VRME

VerifyMe, Inc. • NASDAQ
$0.73 ▼ -1.72% (-0.01)
Market Cap $9.00 M
52w High $5.00
52w Low $0.55
Dividend Yield 0%
P/E -1.87
Volume 90.75K
Outstanding Shares 12.32M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.033M ▲ $2.545M ▲ $-3.356M ▼ -66.68% ▼ $-0.26 ▼ $-3.008M ▼
Q2-2025 $4.52M ▲ $1.913M ▼ $-291K ▲ -6.438% ▲ $-0.023 ▲ $-5K ▲
Q1-2025 $4.455M ▼ $2.083M ▼ $-571K ▼ -12.817% ▼ $-0.046 ▲ $-285K ▼
Q4-2024 $7.661M ▲ $2.704M ▲ $-501K ▲ -6.54% ▲ $-0.048 ▲ $-173K ▲
Q3-2024 $5.435M $2.513M $-2.424M -44.6% $-0.23 $-2.089M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.007M ▼ $13.263M ▼ $2.159M ▼ $11.104M ▼
Q2-2025 $6.067M ▲ $17.166M ▲ $2.73M ▲ $14.436M ▼
Q1-2025 $5.707M ▲ $17.095M ▲ $2.452M ▼ $14.643M ▲
Q4-2024 $2.823M ▲ $16.067M ▲ $5.853M ▲ $10.214M ▼
Q3-2024 $2.61M $14.829M $4.549M $10.28M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-3.356M ▼ $243K ▼ $-2.234M ▼ $-69K ▲ $-2.06M ▼ $242K ▼
Q2-2025 $-291K ▲ $710K ▲ $-176K ▼ $-174K ▼ $360K ▼ $534K ▲
Q1-2025 $-571K ▼ $-404K ▼ $-156K ▲ $3.444M ▲ $2.884M ▲ $-560K ▼
Q4-2024 $-501K ▲ $569K ▲ $-222K ▼ $-178K ▼ $213K ▲ $399K ▲
Q3-2024 $-2.424M $-10K $-162K $-125K $-290K $-172K

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Premium services
Premium services
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement VerifyMe is operating on a very small revenue base, but sales have inched up over the last few years and gross profit is consistently positive. At the same time, the company hovers around break-even at the operating and net income level, with occasional small losses and one standout profitable year. This pattern suggests a business that is still searching for scale and consistency, with results that can swing from year to year. Overall, the income statement shows promise in the form of positive gross margins, but also highlights how fragile profitability currently is.

Balance Sheet

Balance Sheet The balance sheet is light, reflecting a very small company with modest assets and equity. Cash levels have come down from earlier years, leaving only a thin financial cushion, although the company carries effectively no debt, which reduces financial pressure. Equity has been fairly stable, indicating that losses so far have not severely eroded the capital base, but there is not a lot of room for prolonged setbacks. In simple terms, the balance sheet is clean but lean, making growth and cost control especially important.

Cash Flow

Cash Flow Reported cash flow figures round to roughly break-even, which likely reflects very small absolute cash movements rather than a comfortably self-funding business. With limited cash on the balance sheet and no visible surplus being generated, the company appears to be operating close to the edge of its cash resources. That increases the importance of either improving profitability, slowing spending, or accessing outside capital to support growth plans. Investors should think of this as a tight cash situation rather than a robust, cash-generating engine.

Competitive Edge

Competitive Edge VerifyMe competes in brand protection and security logistics, where it faces much larger and better-funded rivals. Its main edge is a focused niche strategy: combining covert security inks, digital tracking platforms, and precision logistics for sensitive goods like pharmaceuticals and perishable foods. Partnerships, such as the integration of its security inks into major printing platforms, help extend its reach despite its small size. Still, its competitive position depends heavily on staying specialized, agile, and deeply embedded with customers, since it cannot match the breadth or resources of industry giants.

Innovation and R&D

Innovation and R&D The company’s value proposition is built around innovation: patented invisible inks and marking systems linked to a cloud-based tracking and authentication platform. The acquisition of a specialized logistics business adds a technology-driven layer for monitoring and managing time- and temperature-sensitive shipments, which differentiates it from pure software or pure logistics players. Management appears focused on expanding integrations with e-commerce and carriers, enhancing data and predictive tools, and potentially adding more capabilities through targeted acquisitions. Overall, VerifyMe is leaning hard on innovation and intellectual property to compensate for its small scale, which is both a key strength and a key execution risk.

Summary

VerifyMe is a tiny, niche player trying to build a defensible position at the intersection of product authentication and precision logistics. Financially, it shows positive gross margins and periods near break-even, but on a very small base with limited cash and little margin for error. Strategically, it has interesting patented technologies, an integrated physical–digital platform, and a distinctive logistics offering, but it operates in a field dominated by much larger competitors. The story hinges on whether the company can turn its innovations and partnerships into durable, scalable revenue without overstretching its lean balance sheet and tight cash position.

NEWS

November 17, 2025 · 8:00 AM UTC

VerifyMe Reports Third Quarter 2025 Financial Results

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November 10, 2025 · 8:05 AM UTC

VerifyMe to Report Third Quarter 2025 Financial Results on November 17, 2025

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September 11, 2025 · 8:05 AM UTC

VerifyMe Provides Services Update

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