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Side-by-side financial comparison of Belpointe PREP, LLC (OZ) 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 $3.1M, roughly 1.6× Belpointe PREP, LLC). VerifyMe, Inc. runs the higher net margin — -66.7% vs -380.8%, a 314.2% gap on every dollar of revenue. On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs -7.4%). Over the past eight quarters, Belpointe PREP, LLC's revenue compounded faster (201.5% CAGR vs -5.2%).

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.

OZ vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.6× larger
VRME
$5.0M
$3.1M
OZ
Growing faster (revenue YoY)
OZ
OZ
+187.5% gap
OZ
180.1%
-7.4%
VRME
Higher net margin
VRME
VRME
314.2% more per $
VRME
-66.7%
-380.8%
OZ
Faster 2-yr revenue CAGR
OZ
OZ
Annualised
OZ
201.5%
-5.2%
VRME

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
OZ
OZ
VRME
VRME
Revenue
$3.1M
$5.0M
Net Profit
$-11.7M
$-3.4M
Gross Margin
41.2%
Operating Margin
-68.2%
Net Margin
-380.8%
-66.7%
Revenue YoY
180.1%
-7.4%
Net Profit YoY
-41.8%
-38.4%
EPS (diluted)
$-3.10
$-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
OZ
OZ
VRME
VRME
Q4 25
$3.1M
Q3 25
$2.4M
$5.0M
Q2 25
$2.0M
$4.5M
Q1 25
$1.7M
$4.5M
Q4 24
$1.1M
Q3 24
$860.0K
$5.4M
Q2 24
$384.0K
$5.4M
Q1 24
$337.0K
$5.8M
Net Profit
OZ
OZ
VRME
VRME
Q4 25
$-11.7M
Q3 25
$-12.1M
$-3.4M
Q2 25
$-7.6M
$-291.0K
Q1 25
$-8.6M
$-571.0K
Q4 24
$-8.2M
Q3 24
$-6.9M
$-2.4M
Q2 24
$-4.7M
$-346.0K
Q1 24
$-4.0M
$-553.0K
Gross Margin
OZ
OZ
VRME
VRME
Q4 25
Q3 25
41.2%
Q2 25
35.2%
Q1 25
33.4%
Q4 24
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Operating Margin
OZ
OZ
VRME
VRME
Q4 25
Q3 25
-68.2%
Q2 25
-7.1%
Q1 25
-13.3%
Q4 24
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Net Margin
OZ
OZ
VRME
VRME
Q4 25
-380.8%
Q3 25
-509.3%
-66.7%
Q2 25
-381.0%
-6.4%
Q1 25
-495.6%
-12.8%
Q4 24
-752.0%
Q3 24
-805.6%
-44.6%
Q2 24
-1229.2%
-6.5%
Q1 24
-1181.3%
-9.6%
EPS (diluted)
OZ
OZ
VRME
VRME
Q4 25
$-3.10
Q3 25
$-3.21
$-0.26
Q2 25
$-2.06
$-0.02
Q1 25
$-2.35
$-0.05
Q4 24
$-2.26
Q3 24
$-1.90
$-0.23
Q2 24
$-1.30
$-0.03
Q1 24
$-1.10
$-0.05

Balance Sheet & Financial Strength

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

Metric
OZ
OZ
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$24.3M
Total DebtLower is stronger
$260.6M
Stockholders' EquityBook value
$11.1M
Total Assets
$564.2M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OZ
OZ
VRME
VRME
Q4 25
$24.3M
Q3 25
$29.6M
Q2 25
$25.0M
Q1 25
$23.0M
Q4 24
$24.7M
Q3 24
$24.0M
$2.6M
Q2 24
$24.7M
$2.9M
Q1 24
$29.2M
$2.8M
Total Debt
OZ
OZ
VRME
VRME
Q4 25
$260.6M
Q3 25
$251.4M
Q2 25
$228.4M
Q1 25
$203.3M
Q4 24
$177.0M
Q3 24
$144.1M
$500.0K
Q2 24
$119.9M
$600.0K
Q1 24
$86.9M
$800.0K
Stockholders' Equity
OZ
OZ
VRME
VRME
Q4 25
Q3 25
$11.1M
Q2 25
$14.4M
Q1 25
$14.6M
Q4 24
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Total Assets
OZ
OZ
VRME
VRME
Q4 25
$564.2M
Q3 25
$570.8M
$13.3M
Q2 25
$556.8M
$17.2M
Q1 25
$537.4M
$17.1M
Q4 24
$517.6M
Q3 24
$495.7M
$14.8M
Q2 24
$476.2M
$17.5M
Q1 24
$450.9M
$17.9M
Debt / Equity
OZ
OZ
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
OZ
OZ
VRME
VRME
Operating Cash FlowLast quarter
$-25.2M
$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
OZ
OZ
VRME
VRME
Q4 25
$-25.2M
Q3 25
$-6.0M
$243.0K
Q2 25
$-2.4M
$710.0K
Q1 25
$-6.6M
$-404.0K
Q4 24
$-13.7M
Q3 24
$-3.3M
$-10.0K
Q2 24
$1.2M
$372.0K
Q1 24
$-6.6M
$-60.0K
Free Cash Flow
OZ
OZ
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
OZ
OZ
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
OZ
OZ
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

OZ
OZ

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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