VRME · Verifyme, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77M | - | $5.03M | $4.52M | $4.46M | - | $5.43M | $5.35M | $5.76M | - |
| Cost of Revenue | $812.0K | - | $2.96M | $2.93M | $2.96M | - | $3.54M | $3.26M | $3.50M | - |
| Gross Profit | $960.0K | - | $2.07M | $1.59M | $1.49M | - | $1.90M | $2.09M | $2.26M | - |
| R&D | - | - | $5.0K | $5.0K | $5.0K | - | $5.0K | $5.0K | $55.0K | - |
| SG&A | $1.02M | - | $669.0K | $716.0K | $856.0K | - | $778.0K | $894.0K | $1.12M | - |
| Total Operating Expenses | $1.73M | - | $5.50M | $1.91M | $2.08M | - | $4.76M | $2.63M | $2.91M | - |
| D&A | $132.0K | - | - | - | $286.0K | - | - | - | $299.0K | - |
| Operating Income | ($767.0K) | - | ($3.43M) | ($322.0K) | ($593.0K) | - | ($2.87M) | ($536.0K) | ($647.0K) | - |
| Interest Expense | - | - | - | - | - | - | - | - | $22.0K | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($679.0K) | - | ($3.36M) | ($291.0K) | ($571.0K) | - | ($2.42M) | ($346.0K) | ($553.0K) | - |
| EPS - Basic | ($0.05) | - | ($0.26) | ($0.02) | ($0.05) | - | ($0.23) | ($0.03) | ($0.05) | - |
| EPS - Diluted | ($0.05) | - | ($0.26) | ($0.02) | ($0.05) | - | ($0.23) | ($0.03) | ($0.05) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3.52M | $4.35M | $4.01M | $6.07M | $5.71M | $2.82M | $2.61M | $2.90M | $2.75M | $3.03M |
| Accounts Receivable | $818.0K | $857.0K | $1.13M | $1.10M | $955.0K | $2.64M | $1.20M | $1.21M | $1.20M | $3.02M |
| Inventory | $31.0K | $37.0K | $32.0K | $41.0K | $47.0K | $39.0K | $19.0K | $23.0K | $32.0K | $38.0K |
| Accounts Payable | $532.0K | $745.0K | $978.0K | $1.56M | $1.29M | $2.97M | $1.62M | $1.33M | $1.21M | $3.31M |
| Current Assets | $6.85M | $7.73M | $7.87M | $7.87M | $7.67M | $6.36M | $4.82M | $5.10M | $5.22M | $7.69M |
| Total Assets | $12.12M | $13.02M | $13.26M | $17.17M | $17.09M | $16.07M | $14.83M | $17.53M | $17.89M | $20.70M |
| Current Liabilities | $1.74M | $2.02M | $2.13M | $1.94M | $1.65M | $4.24M | $2.77M | $2.93M | $2.79M | $5.14M |
| Long-term Debt | - | - | - | - | - | - | $500.0K | $600.0K | $800.0K | $875.0K |
| Total Liabilities | $1.74M | $2.02M | $2.16M | $2.73M | $2.45M | $5.85M | $4.55M | $5.28M | $5.50M | $8.17M |
| Stockholders' Equity | $10.38M | $10.99M | $11.10M | $14.44M | $14.64M | $10.21M | $10.28M | $12.26M | $12.39M | $12.53M |
| Retained Earnings | ($91.26M) | ($90.58M) | ($89.89M) | ($86.53M) | ($86.24M) | ($85.67M) | ($85.17M) | ($82.75M) | ($82.40M) | ($81.85M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($711.0K) | - | - | - | ($404.0K) | - | - | - | ($60.0K) | - |
| Investing Cash Flow | ($109.0K) | - | - | - | ($156.0K) | - | - | - | ($110.0K) | - |
| Financing Cash Flow | ($14.0K) | - | - | - | $3.44M | - | - | - | ($106.0K) | - |
| CapEx | - | - | - | - | - | - | - | - | $2.0K | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | ($62.0K) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 54.2% | - | 41.2% | 35.2% | 33.4% | - | 34.9% | 39.1% | 39.2% | - |
| Operating margin | -43.3% | - | -68.2% | -7.1% | -13.3% | - | -52.8% | -10.0% | -11.2% | - |
| EBITDA margin | -35.8% | - | - | - | -6.9% | - | - | - | -6.0% | - |
| Net margin | -38.3% | - | -66.7% | -6.4% | -12.8% | - | -44.6% | -6.5% | -9.6% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | -1.1% | - |
| FCF / Net income | - | - | - | - | - | - | - | - | 0.11 | - |
| R&D / Revenue | - | - | 0.1% | 0.1% | 0.1% | - | 0.1% | 0.1% | 1.0% | - |
| SG&A / Revenue | 57.3% | - | 13.3% | 15.8% | 19.2% | - | 14.3% | 16.7% | 19.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.6% | - | -25.3% | -1.7% | -3.3% | - | -16.3% | -2.0% | -3.1% | - |
| Return on equity | -6.5% | - | -30.2% | -2.0% | -3.9% | - | -23.6% | -2.8% | -4.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.94 | 3.82 | 3.70 | 4.06 | 4.66 | 1.50 | 1.74 | 1.74 | 1.87 | 1.50 |
| Quick ratio | 3.92 | 3.80 | 3.69 | 4.04 | 4.63 | 1.49 | 1.74 | 1.73 | 1.86 | 1.49 |
| Cash ratio | 2.02 | 2.15 | 1.88 | 3.13 | 3.46 | 0.67 | 0.94 | 0.99 | 0.99 | 0.59 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 0.05 | 0.05 | 0.06 | 0.07 |
| Debt / Assets | - | - | - | - | - | - | 0.03 | 0.03 | 0.04 | 0.04 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -29.4x | - |
| Equity multiplier | 1.17 | 1.18 | 1.19 | 1.19 | 1.17 | 1.57 | 1.44 | 1.43 | 1.44 | 1.65 |
| Liabilities / Assets | 0.14 | 0.16 | 0.16 | 0.16 | 0.14 | 0.36 | 0.31 | 0.30 | 0.31 | 0.39 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.38 | 0.26 | 0.26 | - | 0.37 | 0.31 | 0.32 | - |
| Inventory turnover | 26.19 | - | 92.50 | 71.44 | 63.09 | - | 186.32 | 141.83 | 109.34 | - |
| Days sales outstanding | 168d | - | 82d | 89d | 78d | - | 81d | 83d | 76d | - |
| Days inventory outstanding | 14d | - | 4d | 5d | 6d | - | 2d | 3d | 3d | - |
| Days payable outstanding | 239d | - | 121d | 194d | 159d | - | 167d | 149d | 127d | - |
| Cash conversion cycle | -57d | - | -35d | -100d | -75d | - | -85d | -64d | -47d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.0x | - | 1.0x | 0.7x | 0.6x | - | 1.5x | 1.2x | 1.1x | - |
| P / S | 6.1x | - | 2.2x | 2.1x | 1.9x | - | 2.8x | 2.7x | 2.4x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -60.2% | - | -7.4% | -15.5% | -22.6% | - | -3.0% | 0.3% | 1.7% | - |
| Revenue CAGR (3y) | -32.1% | - | -1.2% | 0.2% | 202.5% | - | 162.6% | 250.8% | 212.9% | - |
| Revenue CAGR (5y) | 56.6% | - | 118.7% | 126.8% | 117.3% | - | 186.3% | 165.6% | 162.2% | - |
| Gross profit growth (YoY) | -35.6% | - | 9.4% | -23.9% | -34.1% | - | -17.3% | 14.8% | 28.8% | - |
| Operating income growth (YoY) | -29.3% | - | -19.6% | 39.9% | 8.3% | - | -235.7% | 48.4% | 57.0% | - |
| Net income growth (YoY) | -18.9% | - | -38.4% | 15.9% | -3.3% | - | -160.6% | 60.8% | 65.0% | - |
| EPS growth (YoY) | 0.0% | - | -13.0% | 33.3% | 0.0% | - | -155.6% | 66.7% | 70.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | 55.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -29.1% | 7.6% | 8.0% | 17.8% | 18.2% | -18.5% | -13.6% | -0.8% | -4.4% | -7.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$16.40M totalProactive Services$13.16M · 80.3%
Premium Services$3.08M · 18.8%
Brand Protection Services$156.0K · 1.0%
Peer comparison
Same SIC group: Finance Services
Comparing VerifyMe against the 5 most active filers in the same SIC group.