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Side-by-side financial comparison of Seritage Growth Properties (SRG) 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 $4.2M, roughly 1.2× Seritage Growth Properties). On growth, Seritage Growth Properties posted the faster year-over-year revenue change (-4.9% vs -7.4%). Over the past eight quarters, VerifyMe, Inc.'s revenue compounded faster (-5.2% CAGR vs -15.0%).

Seritage Growth Properties is a U.S.-headquartered publicly traded real estate investment trust. It owns, redevelops, and manages a diversified portfolio of retail, residential, and mixed-use commercial properties across key U.S. markets, leasing spaces to retail, dining, and service sector tenants.

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.

SRG vs VRME — Head-to-Head

Bigger by revenue
VRME
VRME
1.2× larger
VRME
$5.0M
$4.2M
SRG
Growing faster (revenue YoY)
SRG
SRG
+2.5% gap
SRG
-4.9%
-7.4%
VRME
Faster 2-yr revenue CAGR
VRME
VRME
Annualised
VRME
-5.2%
-15.0%
SRG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SRG
SRG
VRME
VRME
Revenue
$4.2M
$5.0M
Net Profit
$-3.4M
Gross Margin
41.2%
Operating Margin
-68.2%
Net Margin
-66.7%
Revenue YoY
-4.9%
-7.4%
Net Profit YoY
55.2%
-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
SRG
SRG
VRME
VRME
Q4 25
$4.2M
Q3 25
$4.8M
$5.0M
Q2 25
$4.7M
$4.5M
Q1 25
$4.6M
$4.5M
Q4 24
$4.4M
Q3 24
$3.3M
$5.4M
Q2 24
$4.2M
$5.4M
Q1 24
$5.8M
$5.8M
Net Profit
SRG
SRG
VRME
VRME
Q4 25
Q3 25
$-12.4M
$-3.4M
Q2 25
$-28.5M
$-291.0K
Q1 25
$-22.2M
$-571.0K
Q4 24
Q3 24
$-22.0M
$-2.4M
Q2 24
$-101.2M
$-346.0K
Q1 24
$-19.0M
$-553.0K
Gross Margin
SRG
SRG
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
SRG
SRG
VRME
VRME
Q4 25
Q3 25
-258.0%
-68.2%
Q2 25
-610.2%
-7.1%
Q1 25
-486.9%
-13.3%
Q4 24
Q3 24
-673.2%
-52.8%
Q2 24
-2366.1%
-10.0%
Q1 24
-328.7%
-11.2%
Net Margin
SRG
SRG
VRME
VRME
Q4 25
Q3 25
-259.6%
-66.7%
Q2 25
-612.6%
-6.4%
Q1 25
-482.8%
-12.8%
Q4 24
Q3 24
-675.9%
-44.6%
Q2 24
-2401.0%
-6.5%
Q1 24
-328.9%
-9.6%
EPS (diluted)
SRG
SRG
VRME
VRME
Q4 25
Q3 25
$-0.24
$-0.26
Q2 25
$-0.53
$-0.02
Q1 25
$-0.42
$-0.05
Q4 24
Q3 24
$-0.41
$-0.23
Q2 24
$-1.82
$-0.03
Q1 24
$-0.36
$-0.05

Balance Sheet & Financial Strength

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

Metric
SRG
SRG
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$48.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$331.4M
$11.1M
Total Assets
$393.8M
$13.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRG
SRG
VRME
VRME
Q4 25
$48.1M
Q3 25
$51.5M
Q2 25
$71.8M
Q1 25
$94.3M
Q4 24
$85.2M
Q3 24
$85.6M
$2.6M
Q2 24
$86.7M
$2.9M
Q1 24
$114.9M
$2.8M
Total Debt
SRG
SRG
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
SRG
SRG
VRME
VRME
Q4 25
$331.4M
Q3 25
$337.7M
$11.1M
Q2 25
$351.4M
$14.4M
Q1 25
$381.1M
$14.6M
Q4 24
$404.5M
Q3 24
$417.5M
$10.3M
Q2 24
$440.4M
$12.3M
Q1 24
$542.4M
$12.4M
Total Assets
SRG
SRG
VRME
VRME
Q4 25
$393.8M
Q3 25
$558.6M
$13.3M
Q2 25
$575.7M
$17.2M
Q1 25
$649.7M
$17.1M
Q4 24
$677.8M
Q3 24
$735.0M
$14.8M
Q2 24
$758.3M
$17.5M
Q1 24
$914.6M
$17.9M
Debt / Equity
SRG
SRG
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
SRG
SRG
VRME
VRME
Operating Cash FlowLast quarter
$-34.9M
$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
SRG
SRG
VRME
VRME
Q4 25
$-34.9M
Q3 25
$-12.5M
$243.0K
Q2 25
$-12.0M
$710.0K
Q1 25
$-9.2M
$-404.0K
Q4 24
$-53.5M
Q3 24
$-15.5M
$-10.0K
Q2 24
$-7.5M
$372.0K
Q1 24
$-16.6M
$-60.0K
Free Cash Flow
SRG
SRG
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
SRG
SRG
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
SRG
SRG
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

SRG
SRG

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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