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Side-by-side financial comparison of AIRO Group Holdings, Inc. (AIRO) and VerifyMe, Inc. (VRME). Click either name above to swap in a different company.

AIRO Group Holdings, Inc. is the larger business by last-quarter revenue ($6.3M vs $5.0M, roughly 1.2× VerifyMe, Inc.). VerifyMe, Inc. runs the higher net margin — -66.7% vs -126.7%, a 60.0% gap on every dollar of revenue.

Airo Aviation FZ-LLC was an Emirati aircraft manufacturer based in the Ras Al Khaimah Free Trade Zone. The company specialized in the manufacture of ultralight aircraft in the form of ready-to-fly aircraft for the European Fédération Aéronautique Internationale microlight category.

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.

AIRO vs VRME — Head-to-Head

Bigger by revenue
AIRO
AIRO
1.2× larger
AIRO
$6.3M
$5.0M
VRME
Higher net margin
VRME
VRME
60.0% more per $
VRME
-66.7%
-126.7%
AIRO

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
AIRO
AIRO
VRME
VRME
Revenue
$6.3M
$5.0M
Net Profit
$-8.0M
$-3.4M
Gross Margin
44.4%
41.2%
Operating Margin
-190.7%
-68.2%
Net Margin
-126.7%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
-38.4%
EPS (diluted)
$-0.28
$-0.26

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIRO
AIRO
VRME
VRME
Q3 25
$6.3M
$5.0M
Q2 25
$24.6M
$4.5M
Q1 25
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
AIRO
AIRO
VRME
VRME
Q3 25
$-8.0M
$-3.4M
Q2 25
$5.9M
$-291.0K
Q1 25
$-571.0K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
AIRO
AIRO
VRME
VRME
Q3 25
44.4%
41.2%
Q2 25
61.2%
35.2%
Q1 25
33.4%
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Q4 23
33.0%
Q3 23
36.5%
Operating Margin
AIRO
AIRO
VRME
VRME
Q3 25
-190.7%
-68.2%
Q2 25
-80.2%
-7.1%
Q1 25
-13.3%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
AIRO
AIRO
VRME
VRME
Q3 25
-126.7%
-66.7%
Q2 25
23.9%
-6.4%
Q1 25
-12.8%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
AIRO
AIRO
VRME
VRME
Q3 25
$-0.28
$-0.26
Q2 25
$0.30
$-0.02
Q1 25
$-0.05
Q3 24
$-0.23
Q2 24
$-0.03
Q1 24
$-0.05
Q4 23
$0.00
Q3 23
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIRO
AIRO
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$5.1M
Stockholders' EquityBook value
$739.5M
$11.1M
Total Assets
$774.6M
$13.3M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIRO
AIRO
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
AIRO
AIRO
VRME
VRME
Q3 25
$5.1M
Q2 25
$8.9M
Q1 25
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Q4 23
$875.0K
Q3 23
$1.0M
Stockholders' Equity
AIRO
AIRO
VRME
VRME
Q3 25
$739.5M
$11.1M
Q2 25
$679.6M
$14.4M
Q1 25
$14.6M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
AIRO
AIRO
VRME
VRME
Q3 25
$774.6M
$13.3M
Q2 25
$747.8M
$17.2M
Q1 25
$17.1M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
AIRO
AIRO
VRME
VRME
Q3 25
0.01×
Q2 25
0.01×
Q1 25
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×
Q4 23
Q3 23
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIRO
AIRO
VRME
VRME
Operating Cash FlowLast quarter
$-5.8M
$243.0K
Free Cash FlowOCF − Capex
$-6.7M
FCF MarginFCF / Revenue
-106.7%
Capex IntensityCapex / Revenue
15.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIRO
AIRO
VRME
VRME
Q3 25
$-5.8M
$243.0K
Q2 25
$-30.8M
$710.0K
Q1 25
$-404.0K
Q3 24
$-10.0K
Q2 24
$372.0K
Q1 24
$-60.0K
Q4 23
$843.0K
Q3 23
$-136.0K
Free Cash Flow
AIRO
AIRO
VRME
VRME
Q3 25
$-6.7M
Q2 25
$-31.8M
Q1 25
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
Q3 23
FCF Margin
AIRO
AIRO
VRME
VRME
Q3 25
-106.7%
Q2 25
-129.6%
Q1 25
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Q3 23
Capex Intensity
AIRO
AIRO
VRME
VRME
Q3 25
15.0%
Q2 25
4.3%
Q1 25
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
AIRO
AIRO
VRME
VRME
Q3 25
Q2 25
-5.24×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
421.50×
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AIRO
AIRO

Transferred At Point In Time$4.5M71%
Transferred Over Time$1.8M29%

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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