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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $16.40M | $24.21M | $25.31M | $19.58M | $343.0K | $343.0K |
| Cost of Revenue | $10.08M | $15.54M | $16.31M | $268.0K | $62.0K | $62.0K |
| Gross Profit | $6.32M | $8.66M | $9.00M | $6.49M | $281.0K | $281.0K |
| R&D | $20.0K | $70.0K | $107.0K | $89.0K | $19.0K | $19.0K |
| SG&A | $3.42M | $3.85M | $10.59M | $8.43M | $2.07M | $2.15M |
| Total Operating Expenses | $11.39M | $13.05M | $12.33M | $10.23M | $3.85M | $3.85M |
| D&A | $984.0K | $1.21M | $1.13M | $117.0K | - | $50.0K |
| Operating Income | ($5.07M) | ($4.39M) | ($3.33M) | ($3.75M) | ($470.0K) | ($3.57M) |
| Interest Expense | - | - | $31.0K | - | - | - |
| Income Tax | ($1.12M) | $0 | - | - | - | - |
| Net Income | ($4.91M) | ($3.82M) | ($3.39M) | ($14.40M) | $3.61M | ($5.90M) |
| EPS - Basic | ($0.39) | ($0.37) | ($0.35) | ($1.70) | ($1.48) | ($1.48) |
| EPS - Diluted | ($0.39) | ($0.37) | ($0.35) | ($1.70) | ($1.48) | ($1.48) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.35M | $2.82M | $3.03M | $3.41M | $9.42M | $7.94M |
| Accounts Receivable | $857.0K | $2.64M | $3.02M | $4.45M | $297.0K | $31.0K |
| Inventory | $37.0K | $39.0K | $38.0K | $81.0K | $52.0K | $54.0K |
| Accounts Payable | $745.0K | $2.97M | $3.31M | $3.91M | - | - |
| Current Assets | $7.73M | $6.36M | $7.69M | $9.46M | $10.01M | $8.20M |
| Total Assets | $13.02M | $16.07M | $20.70M | $20.75M | $21.69M | $8.77M |
| Current Liabilities | $2.02M | $4.24M | $5.14M | $5.43M | $450.0K | $383.0K |
| Long-term Debt | - | - | $875.0K | $1.40M | - | - |
| Total Liabilities | $2.02M | $5.85M | $8.17M | $7.17M | $521.0K | $455.0K |
| Stockholders' Equity | $10.99M | $10.21M | $12.53M | $13.59M | $21.17M | $8.32M |
| Retained Earnings | ($90.58M) | ($85.67M) | ($81.85M) | ($78.46M) | ($64.06M) | ($67.67M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $603.0K | $871.0K | $244.0K | ($2.55M) | ($3.25M) | ($2.28M) |
| Investing Cash Flow | ($2.73M) | ($575.0K) | ($1.20M) | ($7.88M) | ($125.0K) | ($125.0K) |
| Financing Cash Flow | $3.66M | ($616.0K) | $634.0K | $4.42M | $10.09M | $10.09M |
| CapEx | $18.0K | $7.0K | $27.0K | $12.0K | - | - |
| Free Cash Flow | $585.0K | $864.0K | $217.0K | ($2.56M) | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 38.5% | 35.8% | 35.6% | 33.1% | 81.9% | 81.9% |
| Operating margin | -30.9% | -18.1% | -13.1% | -19.1% | -137.0% | -1040.2% |
| EBITDA margin | -24.9% | -13.1% | -8.7% | -18.5% | - | -1025.7% |
| Net margin | -29.9% | -15.8% | -13.4% | -73.5% | 1053.1% | -1720.7% |
| Free cash flow margin | 3.6% | 3.6% | 0.9% | -13.1% | - | - |
| FCF / Net income | -0.12 | -0.23 | -0.06 | 0.18 | - | - |
| R&D / Revenue | 0.1% | 0.3% | 0.4% | 0.5% | 5.5% | 5.5% |
| SG&A / Revenue | 20.8% | 15.9% | 41.8% | 43.1% | 604.1% | 627.1% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -37.7% | -23.8% | -16.4% | -69.4% | 16.7% | -67.3% |
| Return on equity | -44.6% | -37.4% | -27.1% | -106.0% | 17.1% | -70.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 3.82 | 1.50 | 1.50 | 1.74 | 22.25 | 21.41 |
| Quick ratio | 3.80 | 1.49 | 1.49 | 1.73 | 22.13 | 21.27 |
| Cash ratio | 2.15 | 0.67 | 0.59 | 0.63 | 20.94 | 20.73 |
| Leverage | ||||||
| Debt / Equity | - | - | 0.07 | 0.10 | - | - |
| Debt / Assets | - | - | 0.04 | 0.07 | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | -107.4x | - | - | - |
| Equity multiplier | 1.18 | 1.57 | 1.65 | 1.53 | 1.02 | 1.05 |
| Liabilities / Assets | 0.16 | 0.36 | 0.39 | 0.35 | 0.02 | 0.05 |
| Efficiency | ||||||
| Asset turnover | 1.26 | 1.51 | 1.22 | 0.94 | 0.02 | 0.04 |
| Inventory turnover | 272.35 | 398.59 | 429.21 | 3.31 | 1.19 | 1.15 |
| Days sales outstanding | 19d | 40d | 44d | 83d | 316d | 33d |
| Days inventory outstanding | 1d | 1d | 1d | 110d | 306d | 318d |
| Days payable outstanding | 27d | 70d | 74d | 5328d | - | - |
| Cash conversion cycle | -7d | -29d | -30d | -5135d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.7x | 1.4x | 0.9x | 0.7x | 1.1x | 1.7x |
| P / S | 0.5x | 0.6x | 0.4x | 0.5x | 68.3x | 41.8x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -32.3% | -4.4% | 29.3% | 5607.3% | 0.0% | 40.1% |
| Revenue CAGR (3y) | -5.7% | 313.3% | 319.5% | 330.9% | 66.1% | - |
| Revenue CAGR (5y) | 116.7% | 150.6% | 220.5% | - | 56.1% | 9.6% |
| Gross profit growth (YoY) | -27.0% | -3.8% | 38.8% | 2208.9% | 0.0% | 40.7% |
| Operating income growth (YoY) | -15.5% | -31.9% | 11.2% | -697.2% | 86.8% | -46.7% |
| Net income growth (YoY) | -28.3% | -12.8% | 76.5% | - | - | -135.3% |
| EPS growth (YoY) | -5.4% | -5.7% | 79.4% | -14.9% | 0.0% | -7300.0% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -32.3% | 298.2% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 7.6% | -18.5% | -7.8% | -35.8% | 154.4% | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-3.25
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Finance Services
Comparing VerifyMe against the 5 most active filers in the same SIC group.