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Side-by-side financial comparison of Pony AI Inc. (PONY) 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 $2.1M, roughly 2.4× Pony AI Inc.). VerifyMe, Inc. runs the higher net margin — -66.7% vs -284.8%, a 218.1% gap on every dollar of revenue.

Pony Canyon Inc. , also known by the shorthand form Ponican , is a Japanese company, established on October 1, 1966, which distributes music, films, home video, and video games. It is affiliated with the Japanese media group Fujisankei Communications Group. Pony Canyon is a major leader in the music industry in Japan, with its artists regularly at the top of the Japanese charts. Pony Canyon is also responsible for releasing taped concerts from its artists as well as many anime productions and...

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.

PONY vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
2.4× larger
VRME
$5.0M
$2.1M
PONY
Higher net margin
VRME
VRME
218.1% more per $
VRME
-66.7%
-284.8%
PONY

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
PONY
PONY
VRME
VRME
Revenue
$2.1M
$5.0M
Net Profit
$-5.9M
$-3.4M
Gross Margin
9.2%
41.2%
Operating Margin
-275.3%
-68.2%
Net Margin
-284.8%
-66.7%
Revenue YoY
-7.4%
Net Profit YoY
-38.4%
EPS (diluted)
$-3.51
$-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
PONY
PONY
VRME
VRME
Q3 25
$2.1M
$5.0M
Q2 25
$1.7M
$4.5M
Q1 25
$1.9M
$4.5M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Q4 23
$8.7M
Q3 23
$5.6M
Net Profit
PONY
PONY
VRME
VRME
Q3 25
$-5.9M
$-3.4M
Q2 25
$-4.3M
$-291.0K
Q1 25
$-5.2M
$-571.0K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Q4 23
$2.0K
Q3 23
$-930.0K
Gross Margin
PONY
PONY
VRME
VRME
Q3 25
9.2%
41.2%
Q2 25
35.2%
Q1 25
16.6%
33.4%
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Q4 23
33.0%
Q3 23
36.5%
Operating Margin
PONY
PONY
VRME
VRME
Q3 25
-275.3%
-68.2%
Q2 25
-303.4%
-7.1%
Q1 25
-400.9%
-13.3%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Q4 23
0.8%
Q3 23
-15.3%
Net Margin
PONY
PONY
VRME
VRME
Q3 25
-284.8%
-66.7%
Q2 25
-253.7%
-6.4%
Q1 25
-267.4%
-12.8%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
Q4 23
0.0%
Q3 23
-16.6%
EPS (diluted)
PONY
PONY
VRME
VRME
Q3 25
$-3.51
$-0.26
Q2 25
$-0.92
$-0.02
Q1 25
$-0.12
$-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
PONY
PONY
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$62.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$114.1M
$11.1M
Total Assets
$126.5M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PONY
PONY
VRME
VRME
Q3 25
$62.5M
Q2 25
$84.9M
Q1 25
$86.8M
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Q4 23
$3.0M
Q3 23
$2.9M
Total Debt
PONY
PONY
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
PONY
PONY
VRME
VRME
Q3 25
$114.1M
$11.1M
Q2 25
$120.6M
$14.4M
Q1 25
$126.4M
$14.6M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Q4 23
Q3 23
$11.9M
Total Assets
PONY
PONY
VRME
VRME
Q3 25
$126.5M
$13.3M
Q2 25
$138.3M
$17.2M
Q1 25
$134.0M
$17.1M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Q4 23
$20.7M
Q3 23
$18.8M
Debt / Equity
PONY
PONY
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
PONY
PONY
VRME
VRME
Operating Cash FlowLast quarter
$-2.9M
$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
PONY
PONY
VRME
VRME
Q3 25
$-2.9M
$243.0K
Q2 25
$-2.5M
$710.0K
Q1 25
$-7.5M
$-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
PONY
PONY
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
PONY
PONY
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
PONY
PONY
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
PONY
PONY
VRME
VRME
Q3 25
Q2 25
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

PONY
PONY

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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