VerifyMe, Inc. (VRME) Income Statement
VRME 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVRME revenue and net income
Where VRME's revenue goes
2025Each bar shows an amount and its share of revenue. VRME kept −29.9% of revenue as net income.
VRME profit margins
VRME growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −32.3% | −5.7% | +116.7% | +54.1% |
| Gross profit | −27.0% | −0.9% | +86.4% | +45.2% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VRME quarterly EPS vs estimates
VerifyMe beat the analyst EPS estimate in 6 of the last 7 quarters. Next report: November 13, 2026.
VRME income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.4M | $24.2M | $25.3M | $19.6M | $867,000 | $343,000 | $245,000 | $74,884 | $0 | $37,055 |
| Cost of revenue | $10.1M | $15.5M | $17.3M | $13.1M | $268,000 | $62,000 | $45,000 | $28,802 | $43,095 | $24,363 |
| Gross profit | $6.3M | $8.7M | $8.0M | $6.5M | $599,000 | $281,000 | $200,000 | $46,082 | −$43,095 | $12,692 |
| Research & development | $20,000 | $70,000 | $107,000 | $89,000 | $51,000 | $19,000 | $5,000 | $187,655 | $128,044 | $250,180 |
| Sales, general & admin | $4.4M | $5.2M | $6.1M | $10.1M | $5.4M | $3.8M | $2.6M | $2.5M | $2.7M | $3.5M |
| Total operating expenses | $7.5M | $10.7M | $11.3M | $10.2M | $5.4M | $3.8M | $2.6M | $2.6M | $2.8M | $3.7M |
| Operating income | −$1.2M | −$2.1M | −$3.2M | −$3.7M | −$4.8M | −$3.6M | −$2.4M | −$2.6M | −$2.8M | −$3.7M |
| Interest expense | $214,000 | $130,000 | $161,000 | $88,000 | $2,000 | $2.1M | $97,000 | $6,664 | $218,316 | $12,871 |
| Income before taxes | −$4.9M | −$3.8M | −$3.4M | −$14.4M | $3.6M | −$5.9M | −$2.5M | −$2.9M | −$3.4M | −$1.6M |
| Income taxes | — | −$3.8M | −$1 | $88,000 | −$8.6M | $2.1M | $75,226 | −$329,997 | −$113,204 | $12,871 |
| Net income | −$4.9M | −$3.8M | −$3.4M | −$14.4M | $3.6M | −$5.9M | −$2.5M | −$2.9M | −$3.4M | −$1.6M |
| EBITDA | −$236,000 | −$2.5M | −$2.1M | −$13.5M | $3.7M | −$3.5M | −$2.4M | −$2.6M | −$2.8M | −$1.6M |
| EPS (diluted) | −$0.03 | −$0.08 | −$0.26 | −$0.26 | −$0.66 | −$1.27 | −$0.53 | −$0.91 | −$0.82 | $7.65 |
| Gross margin | 38.5% | 35.8% | 31.7% | 33.1% | 69.1% | 81.9% | 81.6% | 61.5% | — | 34.3% |
| Operating margin | −7.4% | −8.6% | −12.8% | −19.1% | −557.2% | −1,040.2% | −992.9% | −3,466.4% | — | −10,077.8% |
| Net margin | −29.9% | −15.8% | −13.4% | −73.5% | 416.6% | −1,720.7% | −1,023.3% | −3,916.0% | — | −4,442.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M | $1.8M | $2.4M | $5.0M | $4.5M | $4.5M | $7.7M | $5.4M | $5.4M | $5.8M | $8.7M | $5.6M |
| Cost of revenue | $887,000 | $812,000 | $1.2M | $3.0M | $2.9M | $3.0M | $5.2M | $3.5M | $3.3M | $3.5M | $5.8M | $3.6M |
| Gross profit | $1.0M | $960,000 | $1.2M | $2.1M | $1.6M | $1.5M | $2.4M | $1.9M | $2.1M | $2.3M | $2.9M | $2.0M |
| Research & development | $0 | $0 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $55,000 | $84,000 | $5,000 |
| Sales, general & admin | $1.6M | $1.2M | $1.3M | $906,000 | $988,000 | $1.2M | $1.4M | $1.2M | $1.1M | $1.5M | $2.6M | $1.6M |
| Total operating expenses | $1.6M | $1.7M | $1.9M | $2.5M | $1.9M | $2.1M | $2.7M | $2.5M | $2.6M | $2.9M | $2.7M | $2.0M |
| Operating income | −$556,000 | −$767,000 | −$723,000 | −$472,000 | −$322,000 | −$593,000 | −$287,000 | −$618,000 | −$536,000 | −$647,000 | $125,000 | −$855,000 |
| Interest expense | — | — | $93,000 | $67,000 | $32,000 | $22,000 | $21,000 | $29,000 | $42,000 | $38,000 | $34,000 | $39,000 |
| Income before taxes | −$505,000 | −$679,000 | −$687,000 | −$3.4M | −$291,000 | −$571,000 | −$501,000 | −$2.4M | −$346,000 | −$553,000 | $2,000 | −$930,000 |
| Income taxes | — | — | — | — | — | — | −$255,724 | — | — | $255,724 | $333,000 | −$295,000 |
| Net income | −$505,000 | −$679,000 | −$687,000 | −$3.4M | −$291,000 | −$571,000 | −$501,000 | −$2.4M | −$346,000 | −$553,000 | $2,000 | −$930,000 |
| EBITDA | −$408,000 | −$635,000 | −$556,000 | −$3.0M | −$5,000 | −$285,000 | −$173,000 | −$2.1M | −$4,000 | −$216,000 | $335,000 | −$596,000 |
| EPS (diluted) | −$0.04 | $0.00 | −$0.01 | $0.05 | −$0.02 | −$0.05 | $0.01 | −$0.02 | −$0.02 | −$0.05 | $0.02 | −$0.06 |
| Gross margin | 53.5% | 54.2% | 48.8% | 41.2% | 35.2% | 33.4% | 31.5% | 34.9% | 39.1% | 39.2% | 33.0% | 36.5% |
| Operating margin | −29.1% | −43.3% | −30.3% | −9.4% | −7.1% | −13.3% | −3.7% | −11.4% | −10.0% | −11.2% | 1.4% | −15.3% |
| Net margin | −26.5% | −38.3% | −28.7% | −66.7% | −6.4% | −12.8% | −6.5% | −44.6% | −6.5% | −9.6% | 0.0% | −16.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VRME's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VRME financial results
In fiscal year 2025 (ended December 31, 2025), VerifyMe reported revenue of $16.4 million, down 32.3% from the year before. It had a net loss of $4.9 million, a net profit margin of −29.9%. Diluted earnings per share came to −$0.03. Over five years revenue grew at an average rate of 116.7% a year.
See the VRME stock overview for the latest quote and news, or the VRME chart for price history and technical indicators.
VRME income statement FAQ
What is VerifyMe's annual revenue?
VerifyMe reported total revenue of $16.4 million for fiscal year 2025, which ended on December 31, 2025. That was down 32.3% from $24.2 million the previous year.
Is VerifyMe profitable?
No. VerifyMe reported a net loss of $4.9 million in fiscal 2025, a net profit margin of −29.9%; its operating margin was −7.4%.
What is VerifyMe's gross margin?
VerifyMe's gross margin was 38.5% in fiscal 2025: for every $100 of revenue, VerifyMe kept $39 after the direct cost of its products and services.
How much does VerifyMe spend on research and development?
VerifyMe spent $0.0 million on research and development in fiscal 2025, 0.1% of revenue.
How fast is VerifyMe growing?
Revenue grew 116.7% a year on average over the last five fiscal years, from $0.3 million to $16.4 million.
What are VerifyMe's earnings per share?
VerifyMe earned $-0.03 per diluted share in fiscal 2025, compared with $-0.08 a year earlier.
When will VerifyMe report its next earnings?
VerifyMe is expected to report results for the quarter ending September 30, 2026 on November 13, 2026.
When does VerifyMe's fiscal year end?
VerifyMe's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.