VerifyMe, Inc. (VRME) Financial Statements
Industry: Finance Services
In fiscal 2025, VerifyMe reported revenue of $16.4M, down 32.3% from $24.2M the year before. Net income was -$4.9M (a -29.9% net margin), or -$0.39 per diluted share. Gross margin was 38.5% and operating margin was -30.9%. Operating activities generated $603,000 of cash, leaving $585,000 of free cash flow. At fiscal year end, VerifyMe held $13.0M in total assets against $2.0M in total liabilities.
Open the full interactive VerifyMe financials → Quarterly statements, key ratios, valuation history and price charts.
VerifyMe Key Stats
| Share Price | $5.93 |
|---|---|
| Market Cap | $79.2M |
| Revenue YoY Growth | -32.3% |
| 52-Week Range | $0.64 – $11.91 |
| Shares Outstanding | 13.4 million (basic, 2026 Q2) |
VerifyMe Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $343,000 | $0 | $19.6M | $25.3M | $24.2M | $16.4M |
| Gross Profit | $281,000 | — | $6.5M | $9.0M | $8.7M | $6.3M |
| Operating Income | -$3.6M | -$470,000 | -$3.7M | -$3.3M | -$4.4M | -$5.1M |
| Pre-Tax Income | -$5.9M | $3.6M | -$14.4M | -$3.4M | -$3.9M | -$4.9M |
| Income Tax | — | — | -$2,000 | $1,000 | $0 | -$1.1M |
| Net Income | -$5.9M | $3.6M | -$14.4M | -$3.4M | -$3.8M | -$4.9M |
| Diluted EPS | -$1.48 | $0.49 | -$1.70 | -$0.35 | -$0.37 | -$0.39 |
VerifyMe Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.0M | $2.4M | $1.8M | $1.9M |
| Net Income | -$3.4M | -$687,000 | -$679,000 | -$505,000 |
| Diluted EPS | -$0.26 | -$0.05 | -$0.05 | -$0.04 |
VerifyMe Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.9M | $9.4M | $3.4M | $3.0M | $2.8M | — |
| Current Assets | $8.2M | $10.0M | $9.5M | $7.7M | $6.4M | $7.7M |
| Total Assets | $8.8M | $21.7M | $20.8M | $20.7M | $16.1M | $13.0M |
| Current Liabilities | $383,000 | $450,000 | $5.4M | $5.1M | $4.2M | $2.0M |
| Total Long-Term Debt | $402,000 | — | $1.4M | $875,000 | $1.0M | — |
| Total Liabilities | $455,000 | $521,000 | $7.2M | $8.2M | $5.9M | $2.0M |
| Shareholders' Equity | $8.3M | $21.2M | $13.6M | $12.5M | $10.2M | $11.0M |
VerifyMe Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.3M | -$3.3M | -$2.6M | $244,000 | $871,000 | $603,000 |
| Cash From Investing | -$125,000 | -$2.9M | -$7.9M | -$1.2M | -$575,000 | -$2.7M |
| Cash From Financing | $10.1M | $7.6M | $4.4M | $634,000 | -$616,000 | $3.7M |
| Free Cash Flow | — | — | -$2.6M | $217,000 | $864,000 | $585,000 |
Figures from VerifyMe's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full VerifyMe financials page for every line item.
VerifyMe Company Profile
| Ticker | VRME |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Lake Mary, Florida |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001104038 |
Frequently Asked Questions
What was VerifyMe's revenue in fiscal 2025?
VerifyMe (VRME) reported revenue of $16.4M for fiscal 2025.
What is VerifyMe's annual revenue history?
VerifyMe's annual revenue by fiscal year: 2020: $343,000; 2021: $0; 2022: $19.6M; 2023: $25.3M; 2024: $24.2M; 2025: $16.4M.
What was VerifyMe's net income in fiscal 2025?
VerifyMe reported net income of -$4.9M for fiscal 2025.
What was VerifyMe's earnings per share (EPS) in fiscal 2025?
VerifyMe's diluted EPS was -$0.39 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did VerifyMe generate in fiscal 2025?
VerifyMe generated $585,000 of free cash flow in fiscal 2025.
What was VerifyMe's revenue last quarter?
In its most recent reported quarter (2026 Q2), VerifyMe reported revenue of $1.9M.
How many shares of VerifyMe are outstanding?
VerifyMe reported a weighted average of 13.4 million basic shares outstanding in 2026 Q2.
What is VerifyMe's market cap?
Based on its latest closing price, VerifyMe (VRME) has a market capitalization of about $79.2M.
When does VerifyMe's fiscal year end?
VerifyMe's fiscal year end, as registered with the SEC, is December 31.
Where is VerifyMe headquartered?
VerifyMe lists its business address in Lake Mary, Florida in its SEC filings.