VerifyMe, Inc.VRMEEarnings & Financial Report
VerifyMe, Inc. is a technology provider specializing in identity verification, anti-counterfeiting, and brand protection solutions. Its offerings include secure authentication tools, supply chain traceability systems, and customer engagement platforms, serving consumer goods, pharmaceutical, and retail sectors across North America and select global markets.
Revenue
$4.5M
Gross Profit
$1.6M
Operating Profit
$-322.0K
Net Profit
$-291.0K
Gross Margin
35.2%
Operating Margin
-7.1%
Net Margin
-6.4%
YoY Growth
-15.5%
EPS
$-0.02
VerifyMe, Inc. Q2 FY2025 Financial Summary
VerifyMe, Inc. reported revenue of $4.5M (down 15.5% YoY) for Q2 FY2025, with a net profit of $-291.0K (up 15.9% YoY) (-6.4% margin). Cost of goods sold was $2.9M, operating expenses totaled $1.9M.
Key Financial Metrics
| Total Revenue | $4.5M |
|---|---|
| Net Profit | $-291.0K |
| Gross Margin | 35.2% |
| Operating Margin | -7.1% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
VerifyMe, Inc. Q2 FY2025 revenue of $4.5M breaks down across 2 segments, led by Proactive Services at $3.8M (84.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Proactive Services | $3.8M | 84.7% |
| Other | $691.0K | 15.3% |
VerifyMe, Inc. Revenue by Segment — Quarterly Trend
VerifyMe, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Proactive Services and Other) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q3 FY2024 |
|---|---|---|---|---|
| Proactive Services | $4.2M | $3.8M | $3.7M | $4.4M |
| Other | $869.0K | $691.0K | $761.0K | $1.0M |
VerifyMe, Inc. Annual Revenue by Year
VerifyMe, Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $25.3M).
| Year | Annual Revenue |
|---|---|
| 2023 | $25.3M |
| 2022 | $19.6M |
VerifyMe, Inc. Quarterly Revenue & Net Profit History
VerifyMe, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $5.0M | -7.4% | $-3.4M | -66.7% |
| Q2 FY2025 | $4.5M | -15.5% | $-291.0K | -6.4% |
| Q1 FY2025 | $4.5M | -22.6% | $-571.0K | -12.8% |
| Q3 FY2024 | $5.4M | -3.0% | $-2.4M | -44.6% |
| Q2 FY2024 | $5.4M | +0.3% | $-346.0K | -6.5% |
| Q1 FY2024 | $5.8M | +1.7% | $-553.0K | -9.6% |
| Q4 FY2023 | $8.7M | -10.2% | $2.0K | 0.0% |
| Q3 FY2023 | $5.6M | +7.5% | $-930.0K | -16.6% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.6M | $8.7M | $5.8M | $5.4M | $5.4M | $4.5M | $4.5M | $5.0M |
| YoY Growth | 7.5% | -10.2% | 1.7% | 0.3% | -3.0% | -22.6% | -15.5% | -7.4% |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.8M | $20.7M | $17.9M | $17.5M | $14.8M | $17.1M | $17.2M | $13.3M |
| Liabilities | $6.9M | $8.2M | $5.5M | $5.3M | $4.5M | $2.5M | $2.7M | $2.2M |
| Equity | $11.9M | N/A | $12.4M | $12.3M | $10.3M | $14.6M | $14.4M | $11.1M |
Cash Flow
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-136000 | $843000 | $-60000 | $372000 | $-10000 | $-404000 | $710000 | $243000 |