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Side-by-side financial comparison of VerifyMe, Inc. (VRME) and Zhibao Technology Inc. (ZBAO). Click either name above to swap in a different company.

VerifyMe, Inc. is the larger business by last-quarter revenue ($5.0M vs $4.1M, roughly 1.2× Zhibao Technology Inc.). Zhibao Technology Inc. runs the higher net margin — -2.1% vs -66.7%, a 64.6% gap on every dollar of revenue. On growth, VerifyMe, Inc. posted the faster year-over-year revenue change (-7.4% vs -79.7%).

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.

VRME vs ZBAO — Head-to-Head

Bigger by revenue
VRME
VRME
1.2× larger
VRME
$5.0M
$4.1M
ZBAO
Growing faster (revenue YoY)
VRME
VRME
+72.3% gap
VRME
-7.4%
-79.7%
ZBAO
Higher net margin
ZBAO
ZBAO
64.6% more per $
ZBAO
-2.1%
-66.7%
VRME

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
VRME
VRME
ZBAO
ZBAO
Revenue
$5.0M
$4.1M
Net Profit
$-3.4M
$-85.5K
Gross Margin
41.2%
34.8%
Operating Margin
-68.2%
2.2%
Net Margin
-66.7%
-2.1%
Revenue YoY
-7.4%
-79.7%
Net Profit YoY
-38.4%
3.2%
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
VRME
VRME
ZBAO
ZBAO
Q4 25
$4.1M
Q3 25
$5.0M
Q2 25
$4.5M
Q1 25
$4.5M
Q4 24
$20.1M
Q3 24
$5.4M
Q2 24
$5.4M
Q1 24
$5.8M
Net Profit
VRME
VRME
ZBAO
ZBAO
Q4 25
$-85.5K
Q3 25
$-3.4M
Q2 25
$-291.0K
Q1 25
$-571.0K
Q4 24
$-88.3K
Q3 24
$-2.4M
Q2 24
$-346.0K
Q1 24
$-553.0K
Gross Margin
VRME
VRME
ZBAO
ZBAO
Q4 25
34.8%
Q3 25
41.2%
Q2 25
35.2%
Q1 25
33.4%
Q4 24
29.1%
Q3 24
34.9%
Q2 24
39.1%
Q1 24
39.2%
Operating Margin
VRME
VRME
ZBAO
ZBAO
Q4 25
2.2%
Q3 25
-68.2%
Q2 25
-7.1%
Q1 25
-13.3%
Q4 24
2.6%
Q3 24
-52.8%
Q2 24
-10.0%
Q1 24
-11.2%
Net Margin
VRME
VRME
ZBAO
ZBAO
Q4 25
-2.1%
Q3 25
-66.7%
Q2 25
-6.4%
Q1 25
-12.8%
Q4 24
-0.4%
Q3 24
-44.6%
Q2 24
-6.5%
Q1 24
-9.6%
EPS (diluted)
VRME
VRME
ZBAO
ZBAO
Q4 25
Q3 25
$-0.26
Q2 25
$-0.02
Q1 25
$-0.05
Q4 24
$0.00
Q3 24
$-0.23
Q2 24
$-0.03
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
VRME
VRME
ZBAO
ZBAO
Cash + ST InvestmentsLiquidity on hand
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.1M
$6.8M
Total Assets
$13.3M
$39.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VRME
VRME
ZBAO
ZBAO
Q4 25
$3.8M
Q3 25
Q2 25
Q1 25
Q4 24
$3.9M
Q3 24
$2.6M
Q2 24
$2.9M
Q1 24
$2.8M
Total Debt
VRME
VRME
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Stockholders' Equity
VRME
VRME
ZBAO
ZBAO
Q4 25
$6.8M
Q3 25
$11.1M
Q2 25
$14.4M
Q1 25
$14.6M
Q4 24
$10.0M
Q3 24
$10.3M
Q2 24
$12.3M
Q1 24
$12.4M
Total Assets
VRME
VRME
ZBAO
ZBAO
Q4 25
$39.1M
Q3 25
$13.3M
Q2 25
$17.2M
Q1 25
$17.1M
Q4 24
$43.2M
Q3 24
$14.8M
Q2 24
$17.5M
Q1 24
$17.9M
Debt / Equity
VRME
VRME
ZBAO
ZBAO
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
VRME
VRME
ZBAO
ZBAO
Operating Cash FlowLast quarter
$243.0K
$-241.5K
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
VRME
VRME
ZBAO
ZBAO
Q4 25
$-241.5K
Q3 25
$243.0K
Q2 25
$710.0K
Q1 25
$-404.0K
Q4 24
$10.2M
Q3 24
$-10.0K
Q2 24
$372.0K
Q1 24
$-60.0K
Free Cash Flow
VRME
VRME
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-12.0K
Q2 24
$369.0K
Q1 24
$-62.0K
FCF Margin
VRME
VRME
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.2%
Q2 24
6.9%
Q1 24
-1.1%
Capex Intensity
VRME
VRME
ZBAO
ZBAO
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

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

ZBAO
ZBAO

Segment breakdown not available.

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