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Side-by-side financial comparison of Coya Therapeutics, Inc. (COYA) 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 $4.0M, roughly 1.3× Coya Therapeutics, Inc.). On growth, Coya Therapeutics, Inc. posted the faster year-over-year revenue change (202768.8% vs -7.4%).

Coya Therapeutics, Inc. is a clinical-stage biotechnology company focused on developing innovative regulatory T cell (Treg)-based therapies to address unmet medical needs for patients with neurodegenerative, autoimmune, and inflammatory diseases. Its core pipeline includes lead candidates targeting conditions like amyotrophic lateral sclerosis, with primary planned commercial markets across North America and the European Union.

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.

COYA vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.3× larger
VRME
$5.0M
$4.0M
COYA
Growing faster (revenue YoY)
COYA
COYA
+202776.2% gap
COYA
202768.8%
-7.4%
VRME

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
COYA
COYA
VRME
VRME
Revenue
$4.0M
$5.0M
Net Profit
$-3.4M
Gross Margin
41.2%
Operating Margin
-68.2%
Net Margin
-66.7%
Revenue YoY
202768.8%
-7.4%
Net Profit YoY
-95.8%
-38.4%
EPS (diluted)
$-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
COYA
COYA
VRME
VRME
Q4 25
$4.0M
Q3 25
$3.6M
$5.0M
Q2 25
$4.5M
Q1 25
$4.5M
Q3 24
$0
$5.4M
Q2 24
$3.4M
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Net Profit
COYA
COYA
VRME
VRME
Q4 25
Q3 25
$-2.1M
$-3.4M
Q2 25
$-291.0K
Q1 25
$-571.0K
Q3 24
$-4.0M
$-2.4M
Q2 24
$-2.9M
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Gross Margin
COYA
COYA
VRME
VRME
Q4 25
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%
Operating Margin
COYA
COYA
VRME
VRME
Q4 25
Q3 25
-68.3%
-68.2%
Q2 25
-7.1%
Q1 25
-13.3%
Q3 24
-52.8%
Q2 24
-94.5%
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Net Margin
COYA
COYA
VRME
VRME
Q4 25
Q3 25
-59.4%
-66.7%
Q2 25
-6.4%
Q1 25
-12.8%
Q3 24
-44.6%
Q2 24
-84.4%
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
EPS (diluted)
COYA
COYA
VRME
VRME
Q4 25
Q3 25
$-0.13
$-0.26
Q2 25
$-0.02
Q1 25
$-0.05
Q3 24
$-0.26
$-0.23
Q2 24
$-0.19
$-0.03
Q1 24
$-0.05
Q4 23
$0.00

Balance Sheet & Financial Strength

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

Metric
COYA
COYA
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$46.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$43.0M
$11.1M
Total Assets
$50.0M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COYA
COYA
VRME
VRME
Q4 25
$46.8M
Q3 25
$28.1M
Q2 25
Q1 25
Q3 24
$31.1M
$2.6M
Q2 24
$36.6M
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Total Debt
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Q4 23
$875.0K
Stockholders' Equity
COYA
COYA
VRME
VRME
Q4 25
$43.0M
Q3 25
$27.3M
$11.1M
Q2 25
$14.4M
Q1 25
$14.6M
Q3 24
$32.0M
$10.3M
Q2 24
$35.3M
$12.3M
Q1 24
$12.4M
Q4 23
Total Assets
COYA
COYA
VRME
VRME
Q4 25
$50.0M
Q3 25
$32.0M
$13.3M
Q2 25
$17.2M
Q1 25
$17.1M
Q3 24
$35.6M
$14.8M
Q2 24
$39.9M
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Debt / Equity
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×
Q4 23

Cash Flow & Capital Efficiency

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

Metric
COYA
COYA
VRME
VRME
Operating Cash FlowLast quarter
$-10.7M
$243.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COYA
COYA
VRME
VRME
Q4 25
$-10.7M
Q3 25
$-1.1M
$243.0K
Q2 25
$710.0K
Q1 25
$-404.0K
Q3 24
$-5.5M
$-10.0K
Q2 24
$-4.6M
$372.0K
Q1 24
$-60.0K
Q4 23
$843.0K
Free Cash Flow
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
FCF Margin
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Capex Intensity
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Q4 23
0.0%
Cash Conversion
COYA
COYA
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
421.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COYA
COYA

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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