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Side-by-side financial comparison of Freight Technologies, Inc. (FRGT) 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 $3.0M, roughly 1.7× Freight Technologies, Inc.). Freight Technologies, Inc. runs the higher net margin — 21.7% vs -66.7%, a 88.4% gap on every dollar of revenue.

A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper by liaising with carriers. The carriers may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, and often use multiple modes for a single shipment. A freight forwarder does not move the goods but acts as an agent in the logistics network and will carry out freight consolidation, rate negotiations, shipment tracking, cu...

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.

FRGT vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.7× larger
VRME
$5.0M
$3.0M
FRGT
Higher net margin
FRGT
FRGT
88.4% more per $
FRGT
21.7%
-66.7%
VRME

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
FRGT
FRGT
VRME
VRME
Revenue
$3.0M
$5.0M
Net Profit
$649.2K
$-3.4M
Gross Margin
41.2%
Operating Margin
-49.2%
-68.2%
Net Margin
21.7%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
-38.4%
EPS (diluted)
$0.02
$-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
FRGT
FRGT
VRME
VRME
Q3 25
$5.0M
Q2 25
$3.0M
$4.5M
Q1 25
$4.1M
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
FRGT
FRGT
VRME
VRME
Q3 25
$-3.4M
Q2 25
$649.2K
$-291.0K
Q1 25
$-1.6M
$-571.0K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
FRGT
FRGT
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
FRGT
FRGT
VRME
VRME
Q3 25
-68.2%
Q2 25
-49.2%
-7.1%
Q1 25
-35.7%
-13.3%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
FRGT
FRGT
VRME
VRME
Q3 25
-66.7%
Q2 25
21.7%
-6.4%
Q1 25
-39.1%
-12.8%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
FRGT
FRGT
VRME
VRME
Q3 25
$-0.26
Q2 25
$0.02
$-0.02
Q1 25
$-0.73
$-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
FRGT
FRGT
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$586.7K
Total DebtLower is stronger
Stockholders' EquityBook value
$8.8M
$11.1M
Total Assets
$17.1M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRGT
FRGT
VRME
VRME
Q3 25
Q2 25
$586.7K
Q1 25
$416.5K
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
FRGT
FRGT
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
FRGT
FRGT
VRME
VRME
Q3 25
$11.1M
Q2 25
$8.8M
$14.4M
Q1 25
$6.2M
$14.6M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
FRGT
FRGT
VRME
VRME
Q3 25
$13.3M
Q2 25
$17.1M
$17.2M
Q1 25
$13.4M
$17.1M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
FRGT
FRGT
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
FRGT
FRGT
VRME
VRME
Operating Cash FlowLast quarter
$-1.9M
$243.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-2.99×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRGT
FRGT
VRME
VRME
Q3 25
$243.0K
Q2 25
$-1.9M
$710.0K
Q1 25
$-3.1M
$-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
FRGT
FRGT
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
Q4 23
$840.0K
Q3 23
FCF Margin
FRGT
FRGT
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Q4 23
9.6%
Q3 23
Capex Intensity
FRGT
FRGT
VRME
VRME
Q3 25
Q2 25
Q1 25
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Q4 23
0.0%
Q3 23
0.0%
Cash Conversion
FRGT
FRGT
VRME
VRME
Q3 25
Q2 25
-2.99×
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

FRGT
FRGT

Frieght Transportation Brokerage$2.1M70%
Other$883.4K30%

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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