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

BioLineRx Ltd. is the larger business by last-quarter revenue ($5.4M vs $5.0M, roughly 1.1× VerifyMe, Inc.). BioLineRx Ltd. runs the higher net margin — 9.0% vs -66.7%, a 75.7% gap on every dollar of revenue.

BioLineRx Ltd., or BioLine, is a publicly traded drug development company. Headquartered in Israel, its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

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.

BLRX vs VRME — Head-to-Head

Bigger by revenue
BLRX
BLRX
1.1× larger
BLRX
$5.4M
$5.0M
VRME
Higher net margin
BLRX
BLRX
75.7% more per $
BLRX
9.0%
-66.7%
VRME

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
BLRX
BLRX
VRME
VRME
Revenue
$5.4M
$5.0M
Net Profit
$484.0K
$-3.4M
Gross Margin
83.4%
41.2%
Operating Margin
-107.0%
-68.2%
Net Margin
9.0%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
102.6%
-38.4%
EPS (diluted)
$0.00
$-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
BLRX
BLRX
VRME
VRME
Q3 25
$5.0M
Q2 25
$4.5M
Q1 25
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
BLRX
BLRX
VRME
VRME
Q3 25
$-3.4M
Q2 25
$-291.0K
Q1 25
$-571.0K
Q3 24
$-2.4M
Q2 24
$484.0K
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
BLRX
BLRX
VRME
VRME
Q3 25
41.2%
Q2 25
35.2%
Q1 25
33.4%
Q3 24
34.9%
Q2 24
83.4%
39.1%
Q1 24
39.2%
Q4 23
33.0%
Q3 23
36.5%
Operating Margin
BLRX
BLRX
VRME
VRME
Q3 25
-68.2%
Q2 25
-7.1%
Q1 25
-13.3%
Q3 24
-52.8%
Q2 24
-107.0%
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
BLRX
BLRX
VRME
VRME
Q3 25
-66.7%
Q2 25
-6.4%
Q1 25
-12.8%
Q3 24
-44.6%
Q2 24
9.0%
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
BLRX
BLRX
VRME
VRME
Q3 25
$-0.26
Q2 25
$-0.02
Q1 25
$-0.05
Q3 24
$-0.23
Q2 24
$0.00
$-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
BLRX
BLRX
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$9.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.9M
$11.1M
Total Assets
$64.6M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLRX
BLRX
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$2.6M
Q2 24
$9.6M
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
BLRX
BLRX
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
BLRX
BLRX
VRME
VRME
Q3 25
$11.1M
Q2 25
$14.4M
Q1 25
$14.6M
Q3 24
$10.3M
Q2 24
$13.9M
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
BLRX
BLRX
VRME
VRME
Q3 25
$13.3M
Q2 25
$17.2M
Q1 25
$17.1M
Q3 24
$14.8M
Q2 24
$64.6M
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
BLRX
BLRX
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
BLRX
BLRX
VRME
VRME
Operating Cash FlowLast quarter
$-25.4M
$243.0K
Free Cash FlowOCF − Capex
$-25.5M
FCF MarginFCF / Revenue
-472.8%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
-52.56×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLRX
BLRX
VRME
VRME
Q3 25
$243.0K
Q2 25
$710.0K
Q1 25
$-404.0K
Q3 24
$-10.0K
Q2 24
$-25.4M
$372.0K
Q1 24
$-60.0K
Q4 23
$843.0K
Q3 23
$-136.0K
Free Cash Flow
BLRX
BLRX
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$-12.0K
Q2 24
$-25.5M
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
Q3 23
FCF Margin
BLRX
BLRX
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
-0.2%
Q2 24
-472.8%
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Q3 23
Capex Intensity
BLRX
BLRX
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
0.0%
Q2 24
1.1%
0.1%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
BLRX
BLRX
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
-52.56×
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

BLRX
BLRX

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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