VRME
VerifyMe, Inc.
Next earnings Aug 11, 2026 · consensus $-0.04 EPS, $2.77M rev
Last earnings +3.6% on 2026-05-15
$0.63
▲ +1.71%$0.63▼ -16.67%
over 1Y
L $0.60H $1.43
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.7%
1W+2.5%
1M-10.7%
3M-25.5%
YTD-7.4%
1Y-16.7%
Sell
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 7 analysts
Buy
Revenue down a third mid carrier-swap, losses widening — cheap and cash-backed, but a shrinking, single-partner-dependent story to exit.
Revenue $16.4M · FY2025
VerifyMe is a business in contraction. Revenue fell -32.3% to $16.4M in FY2025 after peaking at $25.3M in FY2023, and the MD&A explains why: nearly all revenue comes from the Precision Logistics (PeriShip) segment, which is dependent on a single Strategic Partner, and the company ceased ProActive services to its prior carrier partner in September 2025 and Premium services in February 2026. That is a top-to-bottom re-plumbing of the revenue engine mid-flight — the sharp sales decline is the fingerprint of that disruption, and the forward picture hinges entirely on whether the new Strategic Partner ramp (Premium/Direct Premium 'broadly' offered in Q2 2026, per management) actually replaces the lost volume. That is an unknowable, not a modeled, outcome.
Profitability is going the wrong way alongside the top line. The net loss widened -28.3% to -$4.91M, operating margin is -30.9%, and ROE is -44.6% against an accumulated deficit of -$90.6M — this company has never durably made money (the lone positive year, FY2021 net income of $3.61M on just $867K of revenue, was non-operating). R&D has been cut to a token $20K (-71.4%), starving the higher-margin Authentication segment, so the growth optionality is effectively mothballed while management 'streamlines' Precision Logistics.
Is VRME a buy? The one-page verdict, explained →
The options angle
model · matches our verdictBear put spread~60d expiry
- Long put 0.5 @ ~0.01 est
- Short put 0.5 @ ~0.01 est
debit $0max +$0max $0
SELL verdict, defined risk: profits into weakness down to the short strike; max loss is the net debit.
Educational template, not a trade recommendation. Strikes and premiums are Black-Scholes model estimates from the last close and 30-day realized volatility — real chains, spreads and IV will differ. Options involve substantial risk.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $867K | $19.6M | $25.3M | $24.2M | $16.4M |
| Gross profit | $599K | $6.49M | $8.03M | $8.66M | $6.32M |
| Operating income | -$4.83M | -$3.75M | -$3.33M | -$4.39M | -$5.07M |
| Net income | $3.61M | -$14.4M | -$3.39M | -$3.82M | -$4.91M |
| Diluted EPS | $0.49 | -$1.70 | -$0.35 | -$0.37 | -$0.39 |
| Net margin | 416.6% | -73.5% | -13.4% | -15.8% | -29.9% |
10-year statements — income, cash flow, balance sheet & CSV export →
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$5.22M
EV / EBITDA—
EV / Sales0.3
EV / FCF8.9
P / FCF14.0
PEG (trailing)—
Earnings yield-59.8%
FCF yield7.1%
Quality & risk
ROIC (est.)-32.4%
Free cash flow$585K
Total debt$1.38M
Net cash$2.98M
Altman Z-Score-6.81 distress
Piotroski F-Score5/9
Capital returns
Buyback yield0.2%
Dividend yield (est.)—
Shareholder yield0.2%
Shares Δ YoY+6.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has skewed negative — read the flagged items.
- 8-K Material agreement2026-06-09
Signed new material agreement, likely expanding Strategic Partner logistics deal
- 8-K Earnings results2026-05-15
Q1 2026 10-Q: revenue down as Premium services to old carrier ended Feb 2026
- 10-Q Quarterly report2026-05-15
Q1 2026 10-Q: revenue down as Premium services to old carrier ended Feb 2026
- 8-K Delisting notice2026-04-17
Nasdaq continued-listing deficiency notice — delisting risk at sub-$1 stock
- 8-K Material agreement2026-04-16
Entered new material definitive agreement expanding commercial relationships
- 10-K Annual report2026-03-31
FY2025 10-K: revenue -32%, loss widened; growth hinges on new Strategic Partner
- 8-K Earnings results2026-03-30
FY2025 results: revenue -32% to $16.4M, net loss widened to $4.9M
- 8-K Agreement terminated2026-02-12
Terminated prior carrier deal, signed new partner; executive change (Item 5.02)
- 10-Q Quarterly report2025-11-14
Q3 2025 10-Q: ProActive services to prior carrier ceased Sept 2025, revenue fell
Recent filings
all on EDGAR ↗S-4/AFiling2026-06-30open ↗4Period ending 2026-06-192026-06-22open ↗425Filing2026-06-09open ↗8-KPeriod ending 2026-06-042026-06-09open ↗S-4/AFiling2026-06-08open ↗10-QPeriod ending 2026-03-312026-05-15open ↗8-KPeriod ending 2026-05-152026-05-15open ↗425Filing2026-05-05open ↗8-KPeriod ending 2026-04-172026-04-17open ↗425Filing2026-04-16open ↗8-KPeriod ending 2026-04-152026-04-16open ↗S-4Filing2026-04-15open ↗
Frequently asked
- Is VerifyMe, Inc. (VRME) a buy?
- VRME currently carries a Sell rating with 3/5 conviction, derived from its latest SEC filings. Revenue down a third mid carrier-swap, losses widening — cheap and cash-backed, but a shrinking, single-partner-dependent story to exit.
- What is VerifyMe, Inc.'s quality score?
- VRME scores 44.32257100002941/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001104038, latest 10-Q filed 2026-05-15) · EODHD · Proprietary analysis · as of 7/4/2026, 9:35:03 AM.
About this recommendation — produced by TENK/calls (tenkcalls.com), Luxembourg · not investment advice
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jul 4, 2026, 5:35 AM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.