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Side-by-side financial comparison of NeoVolta Inc. (NEOV) 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 $4.6M, roughly 1.1× NeoVolta Inc.). VerifyMe, Inc. runs the higher net margin — -66.7% vs -119.2%, a 52.5% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -7.4%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% CAGR vs -5.2%).

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

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.

NEOV vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.1× larger
VRME
$5.0M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+340.9% gap
NEOV
333.5%
-7.4%
VRME
Higher net margin
VRME
VRME
52.5% more per $
VRME
-66.7%
-119.2%
NEOV
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
-5.2%
VRME

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
NEOV
NEOV
VRME
VRME
Revenue
$4.6M
$5.0M
Net Profit
$-5.5M
$-3.4M
Gross Margin
16.6%
41.2%
Operating Margin
-96.4%
-68.2%
Net Margin
-119.2%
-66.7%
Revenue YoY
333.5%
-7.4%
Net Profit YoY
-470.3%
-38.4%
EPS (diluted)
$-0.16
$-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
NEOV
NEOV
VRME
VRME
Q4 25
$4.6M
Q3 25
$6.7M
$5.0M
Q2 25
$4.8M
$4.5M
Q1 25
$2.0M
$4.5M
Q4 24
$1.1M
Q3 24
$590.2K
$5.4M
Q2 24
$579.2K
$5.4M
Q1 24
$283.9K
$5.8M
Net Profit
NEOV
NEOV
VRME
VRME
Q4 25
$-5.5M
Q3 25
$-1.2M
$-3.4M
Q2 25
$-1.6M
$-291.0K
Q1 25
$-1.4M
$-571.0K
Q4 24
$-971.1K
Q3 24
$-964.5K
$-2.4M
Q2 24
$-346.0K
Q1 24
$-589.5K
$-553.0K
Gross Margin
NEOV
NEOV
VRME
VRME
Q4 25
16.6%
Q3 25
23.7%
41.2%
Q2 25
12.1%
35.2%
Q1 25
25.5%
33.4%
Q4 24
30.2%
Q3 24
15.7%
34.9%
Q2 24
3.0%
39.1%
Q1 24
58.5%
39.2%
Operating Margin
NEOV
NEOV
VRME
VRME
Q4 25
-96.4%
Q3 25
-12.8%
-68.2%
Q2 25
-30.2%
-7.1%
Q1 25
-68.1%
-13.3%
Q4 24
-88.4%
Q3 24
-163.6%
-52.8%
Q2 24
-10.0%
Q1 24
-211.5%
-11.2%
Net Margin
NEOV
NEOV
VRME
VRME
Q4 25
-119.2%
Q3 25
-18.7%
-66.7%
Q2 25
-34.7%
-6.4%
Q1 25
-72.0%
-12.8%
Q4 24
-90.6%
Q3 24
-163.4%
-44.6%
Q2 24
-6.5%
Q1 24
-207.6%
-9.6%
EPS (diluted)
NEOV
NEOV
VRME
VRME
Q4 25
$-0.16
Q3 25
$-0.04
$-0.26
Q2 25
$-0.05
$-0.02
Q1 25
$-0.04
$-0.05
Q4 24
$-0.03
Q3 24
$-0.03
$-0.23
Q2 24
$-0.03
Q1 24
$-0.02
$-0.05

Balance Sheet & Financial Strength

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

Metric
NEOV
NEOV
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$242.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0M
$11.1M
Total Assets
$10.1M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEOV
NEOV
VRME
VRME
Q4 25
$242.4K
Q3 25
$889.8K
Q2 25
$794.8K
Q1 25
$536.0K
Q4 24
$328.7K
Q3 24
$393.4K
$2.6M
Q2 24
$986.4K
$2.9M
Q1 24
$1.0M
$2.8M
Total Debt
NEOV
NEOV
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Stockholders' Equity
NEOV
NEOV
VRME
VRME
Q4 25
$5.0M
Q3 25
$2.1M
$11.1M
Q2 25
$2.9M
$14.4M
Q1 25
$3.8M
$14.6M
Q4 24
$3.3M
Q3 24
$3.9M
$10.3M
Q2 24
$4.6M
$12.3M
Q1 24
$5.1M
$12.4M
Total Assets
NEOV
NEOV
VRME
VRME
Q4 25
$10.1M
Q3 25
$8.4M
$13.3M
Q2 25
$6.8M
$17.2M
Q1 25
$5.7M
$17.1M
Q4 24
$4.0M
Q3 24
$4.2M
$14.8M
Q2 24
$4.7M
$17.5M
Q1 24
$5.2M
$17.9M
Debt / Equity
NEOV
NEOV
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
NEOV
NEOV
VRME
VRME
Operating Cash FlowLast quarter
$-2.1M
$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
NEOV
NEOV
VRME
VRME
Q4 25
$-2.1M
Q3 25
$-2.5M
$243.0K
Q2 25
$-924.2K
$710.0K
Q1 25
$-2.1M
$-404.0K
Q4 24
$-858.3K
Q3 24
$-593.0K
$-10.0K
Q2 24
$-1.0M
$372.0K
Q1 24
$-485.3K
$-60.0K
Free Cash Flow
NEOV
NEOV
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
FCF Margin
NEOV
NEOV
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Capex Intensity
NEOV
NEOV
VRME
VRME
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

NEOV
NEOV

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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