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

VerifyMe, Inc. is the larger business by last-quarter revenue ($5.0M vs $2.7M, roughly 1.9× ALUMIS INC.). ALUMIS INC. runs the higher net margin — 2225.1% vs -66.7%, a 2291.8% gap on every dollar of revenue.

ALUMIS INC. is a clinical-stage biopharmaceutical company focused on developing innovative targeted therapies for patients suffering from autoimmune and inflammatory disorders. It advances multiple product candidates through clinical trials, aiming to address unmet medical needs for patient populations across global markets.

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.

ALMS vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.9× larger
VRME
$5.0M
$2.7M
ALMS
Higher net margin
ALMS
ALMS
2291.8% more per $
ALMS
2225.1%
-66.7%
VRME

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ALMS
ALMS
VRME
VRME
Revenue
$2.7M
$5.0M
Net Profit
$59.3M
$-3.4M
Gross Margin
41.2%
Operating Margin
-5271.5%
-68.2%
Net Margin
2225.1%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
205.0%
-38.4%
EPS (diluted)
$0.77
$-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
ALMS
ALMS
VRME
VRME
Q3 25
$5.0M
Q2 25
$2.7M
$4.5M
Q1 25
$17.4M
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
ALMS
ALMS
VRME
VRME
Q3 25
$-3.4M
Q2 25
$59.3M
$-291.0K
Q1 25
$-99.0M
$-571.0K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
ALMS
ALMS
VRME
VRME
Q3 25
41.2%
Q2 25
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
ALMS
ALMS
VRME
VRME
Q3 25
-68.2%
Q2 25
-5271.5%
-7.1%
Q1 25
-583.9%
-13.3%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
ALMS
ALMS
VRME
VRME
Q3 25
-66.7%
Q2 25
2225.1%
-6.4%
Q1 25
-569.1%
-12.8%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
ALMS
ALMS
VRME
VRME
Q3 25
$-0.26
Q2 25
$0.77
$-0.02
Q1 25
$-1.82
$-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
ALMS
ALMS
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$486.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$485.3M
$11.1M
Total Assets
$610.9M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
$486.3M
Q1 25
$208.7M
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Q4 23
$875.0K
Q3 23
$1.0M
Stockholders' Equity
ALMS
ALMS
VRME
VRME
Q3 25
$11.1M
Q2 25
$485.3M
$14.4M
Q1 25
$168.3M
$14.6M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
ALMS
ALMS
VRME
VRME
Q3 25
$13.3M
Q2 25
$610.9M
$17.2M
Q1 25
$261.3M
$17.1M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
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
ALMS
ALMS
VRME
VRME
Operating Cash FlowLast quarter
$-106.4M
$243.0K
Free Cash FlowOCF − Capex
$-107.0M
FCF MarginFCF / Revenue
-4012.3%
Capex IntensityCapex / Revenue
23.1%
Cash ConversionOCF / Net Profit
-1.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
VRME
VRME
Q3 25
$243.0K
Q2 25
$-106.4M
$710.0K
Q1 25
$-80.4M
$-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
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
$-107.0M
Q1 25
$-80.4M
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
Q3 23
FCF Margin
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
-4012.3%
Q1 25
-462.3%
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Q3 23
Capex Intensity
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
23.1%
Q1 25
0.2%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
ALMS
ALMS
VRME
VRME
Q3 25
Q2 25
-1.79×
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

ALMS
ALMS

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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