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Side-by-side financial comparison of SIGA TECHNOLOGIES INC (SIGA) 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 $3.8M, roughly 1.3× SIGA TECHNOLOGIES INC). On growth, VerifyMe, Inc. posted the faster year-over-year revenue change (-7.4% vs -95.3%). Over the past eight quarters, VerifyMe, Inc.'s revenue compounded faster (-5.2% CAGR vs -61.4%).

SIGA Technologies, Inc. is an American pharmaceutical company founded in 1995, based in New York City, which develops and sells pharmaceutical solutions for the antiviral treatment of smallpox, monkeypox, cowpox, and vaccinia complications.

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.

SIGA vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.3× larger
VRME
$5.0M
$3.8M
SIGA
Growing faster (revenue YoY)
VRME
VRME
+87.9% gap
VRME
-7.4%
-95.3%
SIGA
Faster 2-yr revenue CAGR
VRME
VRME
Annualised
VRME
-5.2%
-61.4%
SIGA

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SIGA
SIGA
VRME
VRME
Revenue
$3.8M
$5.0M
Net Profit
$-3.4M
Gross Margin
21.2%
41.2%
Operating Margin
-68.2%
Net Margin
-66.7%
Revenue YoY
-95.3%
-7.4%
Net Profit YoY
-111.9%
-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
SIGA
SIGA
VRME
VRME
Q4 25
$3.8M
Q3 25
$2.6M
$5.0M
Q2 25
$81.1M
$4.5M
Q1 25
$7.0M
$4.5M
Q4 24
$81.5M
Q3 24
$10.0M
$5.4M
Q2 24
$21.8M
$5.4M
Q1 24
$25.4M
$5.8M
Net Profit
SIGA
SIGA
VRME
VRME
Q4 25
Q3 25
$-6.4M
$-3.4M
Q2 25
$35.5M
$-291.0K
Q1 25
$-408.2K
$-571.0K
Q4 24
$45.8M
Q3 24
$1.3M
$-2.4M
Q2 24
$1.8M
$-346.0K
Q1 24
$10.3M
$-553.0K
Gross Margin
SIGA
SIGA
VRME
VRME
Q4 25
21.2%
Q3 25
61.8%
41.2%
Q2 25
68.5%
35.2%
Q1 25
97.8%
33.4%
Q4 24
82.7%
Q3 24
83.8%
34.9%
Q2 24
43.6%
39.1%
Q1 24
87.3%
39.2%
Operating Margin
SIGA
SIGA
VRME
VRME
Q4 25
Q3 25
-390.2%
-68.2%
Q2 25
56.3%
-7.1%
Q1 25
-32.0%
-13.3%
Q4 24
70.1%
Q3 24
5.4%
-52.8%
Q2 24
5.0%
-10.0%
Q1 24
44.3%
-11.2%
Net Margin
SIGA
SIGA
VRME
VRME
Q4 25
Q3 25
-243.0%
-66.7%
Q2 25
43.7%
-6.4%
Q1 25
-5.8%
-12.8%
Q4 24
56.2%
Q3 24
13.4%
-44.6%
Q2 24
8.4%
-6.5%
Q1 24
40.4%
-9.6%
EPS (diluted)
SIGA
SIGA
VRME
VRME
Q4 25
Q3 25
$-0.09
$-0.26
Q2 25
$0.49
$-0.02
Q1 25
$-0.01
$-0.05
Q4 24
$0.63
Q3 24
$0.02
$-0.23
Q2 24
$0.03
$-0.03
Q1 24
$0.14
$-0.05

Balance Sheet & Financial Strength

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

Metric
SIGA
SIGA
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$155.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$198.8M
$11.1M
Total Assets
$219.5M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SIGA
SIGA
VRME
VRME
Q4 25
$155.0M
Q3 25
$172.0M
Q2 25
$182.5M
Q1 25
$162.3M
Q4 24
$155.4M
Q3 24
$99.3M
$2.6M
Q2 24
$106.9M
$2.9M
Q1 24
$143.9M
$2.8M
Total Debt
SIGA
SIGA
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
SIGA
SIGA
VRME
VRME
Q4 25
$198.8M
Q3 25
$203.5M
$11.1M
Q2 25
$209.3M
$14.4M
Q1 25
$216.1M
$14.6M
Q4 24
$215.8M
Q3 24
$169.4M
$10.3M
Q2 24
$167.6M
$12.3M
Q1 24
$165.0M
$12.4M
Total Assets
SIGA
SIGA
VRME
VRME
Q4 25
$219.5M
Q3 25
$231.6M
$13.3M
Q2 25
$235.3M
$17.2M
Q1 25
$247.1M
$17.1M
Q4 24
$244.3M
Q3 24
$195.4M
$14.8M
Q2 24
$192.7M
$17.5M
Q1 24
$243.1M
$17.9M
Debt / Equity
SIGA
SIGA
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
SIGA
SIGA
VRME
VRME
Operating Cash FlowLast quarter
$43.5M
$243.0K
Free Cash FlowOCF − Capex
$43.1M
FCF MarginFCF / Revenue
1136.4%
Capex IntensityCapex / Revenue
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$103.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SIGA
SIGA
VRME
VRME
Q4 25
$43.5M
Q3 25
$-9.8M
$243.0K
Q2 25
$63.1M
$710.0K
Q1 25
$7.1M
$-404.0K
Q4 24
$56.3M
Q3 24
$-7.4M
$-10.0K
Q2 24
$6.0M
$372.0K
Q1 24
$-6.1M
$-60.0K
Free Cash Flow
SIGA
SIGA
VRME
VRME
Q4 25
$43.1M
Q3 25
$-10.1M
Q2 25
$63.1M
Q1 25
$7.0M
Q4 24
$56.3M
Q3 24
$-7.4M
$-12.0K
Q2 24
$6.0M
$369.0K
Q1 24
$-62.0K
FCF Margin
SIGA
SIGA
VRME
VRME
Q4 25
1136.4%
Q3 25
-385.6%
Q2 25
77.8%
Q1 25
99.9%
Q4 24
69.1%
Q3 24
-74.0%
-0.2%
Q2 24
27.3%
6.9%
Q1 24
-1.1%
Capex Intensity
SIGA
SIGA
VRME
VRME
Q4 25
9.4%
Q3 25
11.1%
Q2 25
0.0%
Q1 25
0.4%
Q4 24
0.0%
Q3 24
0.2%
0.0%
Q2 24
0.0%
0.1%
Q1 24
0.0%
0.0%
Cash Conversion
SIGA
SIGA
VRME
VRME
Q4 25
Q3 25
Q2 25
1.78×
Q1 25
Q4 24
1.23×
Q3 24
-5.49×
Q2 24
3.25×
Q1 24
-0.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SIGA
SIGA

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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