VerifyMe, Inc. Earnings Recaps
Q3 2025
Nov 18, 2025
VerifyMe reported a 7% year-over-year decline in Q3 2025 revenue, primarily due to contract losses, while achieving a gross margin improvement to 41%. The company continues to transition to a new Proactive shipping partner with expectations for future revenue growth.
Key takeaways
- Q3 2025 revenue was $5.0 million, down from $5.4 million in Q3 2024, affected by prior contract losses.
- Gross profit increased to $2.1 million, with gross margin improving from 35% to 41% year-over-year, marking the third consecutive quarter of gross profit growth.
- A one-time non-cash impairment charge of $3.9 million impacted net loss, which was $3.4 million for the quarter, compared to $2.9 million in the prior year.
- Operating expenses decreased to $1.7 million in Q3 2025, down from $2.5 million in Q3 2024, due to cost-cutting measures.
- Adjusted EBITDA rose to $0.8 million in Q3 2025 versus $0.2 million in Q3 2024, reflecting improved efficiencies and margins.
Q2 2025
Aug 13, 2025
VerifyMe reported Q2 2025 revenues of $4.5 million, a 16.7% decline year-over-year, primarily due to loss of major customers; however, the company achieved a positive adjusted EBITDA of $0.3 million and reduced operating expenses by 27%.
Key takeaways
- Revenue decreased by $0.9 million from Q2 2024, driven by discontinued contracts in premium services.
- Gross profit margin declined to 35%, but improvements in proactive services provided some offset.
- Operating expenses were reduced to $1.9 million, benefiting from cost-cutting measures and divestitures.
- Cash balance increased to $6.1 million, with $0.7 million generated from operations, indicating positive cash flow moving forward.
- A new treasury strategy aims to enhance interest income from cash reserves, targeting annualized returns exceeding 8%.