VerifyMe Reports Q1 Revenue of $1.772M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2026
0mins
Reports Q1 revenue $1.772M vs $4.455M last year. Adam Stedham, VerifyMe's CEO and President stated, "During Q1 of 2026, we fully implemented ProActive services and continued to transition ProActive customers from using our legacy shipping partner to using our new strategic shipping partner. We also transitioned key Premium customers to our Direct Premium model, allowing us to continue servicing these customers as they continue to ship with our legacy partner. In addition, we are in the final stages of integrating our technology with our new partner to begin offering our Premium services in Q2 of 2026. We believe our financial performance in Q1 of 2026 demonstrates the scalability of our model as we achieved improved gross profit margins despite lower revenues. We are now focused on completing our integrations and growing our revenues by both transitioning legacy customers and adding new customers."
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Analyst Views on VRME
Wall Street analysts forecast VRME stock price to rise
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Current: 0.700
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Current: 0.700
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About VRME
VerifyMe, Inc provides specialized logistics for time and temperature sensitive products, as well as brand protection and enhancement solutions. Its segments include Precision Logistics and Authentication. Its Precision Logistics segment includes the operations of its subsidiary, PeriShip Global, LLC. Its Precision Logistics segment provides service for sensitive parcel management driven by a software platform that provides predictive analytics from key metrics such as pre-shipment weather analysis, flight-tracking, sort volumes, and traffic, delivered to customers via a secure portal. The Precision Logistics segment includes bundled services, such as PeriTrack, Service Center, Pre-Transit Service, Post-Delivery, and Weather/Traffic Service. The Authentication segment specializes in anti-counterfeit and brand protection. Its information technology (IT) platform provides real-time information and analysis for a range of markets, including the perishable healthcare and food industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
VerifyMe Reports Q1 2026 Financial Results with Significant Revenue Decline
- Financial Overview: VerifyMe reported a GAAP EPS of -$0.05 for Q1 2026, indicating challenges in profitability and reflecting a tough market environment.
- Significant Revenue Decline: The company's revenue for the first quarter was $1.78 million, representing a 60.1% year-over-year decline, which may undermine investor confidence in the company's future growth potential.
- Adjusted EBITDA: The adjusted EBITDA for Q1 2026 was -$0.1 million, compared to $0.0 million in Q1 2025, suggesting that the company still needs to improve on cost control and profitability.
- Cash Position: As of March 31, 2026, VerifyMe had $3.5 million in cash, and on May 11, 2026, it received a final payment of $2.1 million from ZenCredit, providing some liquidity support for the company.
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- Disappointing Earnings: VerifyMe reported a Q4 GAAP EPS of -$0.05, missing expectations by $0.03, indicating ongoing pressure on profitability that could undermine investor confidence.
- Significant Revenue Decline: Q4 revenue totaled $2.4 million, a 68.7% year-over-year drop, falling short of expectations by $1.05 million, reflecting weak market demand and intensified competition challenges.
- Gross Margin Improvement: Despite the revenue decline, Q4 gross profit was $1.2 million with a gross margin of 49%, significantly up from 32% in the same quarter last year, indicating progress in cost control measures.
- Cash Flow Position: As of December 31, 2025, VerifyMe reported $4.4 million in cash and $2.0 million in short-term notes receivable, suggesting a solid liquidity position, though future capital efficiency remains a concern.
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- Significant Revenue Decline: VerifyMe's annual revenue for 2025 was $16.4 million, a 32% decrease from $24.2 million in 2024, primarily due to the termination of the agreement with the previous carrier, leading to customer attrition and impacting market share and revenue stability.
- Gross Margin Improvement: Despite the revenue drop, the gross margin improved to 39% in 2025 from 36% in 2024, attributed to cost control and service optimization under the new shipping partner, indicating the company's ability to enhance profitability amid challenges.
- Increased Net Loss: The net loss for 2025 was $4.9 million, up from $3.8 million in 2024, largely due to one-time adjustment costs of $4.3 million, reflecting the financial pressures faced during the company's transition phase.
- Strong Cash Position: As of December 31, 2025, VerifyMe had a cash balance of $4.4 million and short-term notes receivable of $2.0 million, demonstrating robust liquidity management despite the overall poor financial performance.
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- Financial Performance: The financial results indicate a positive trend in the company's profitability during this period.
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- Company Overview: VerifyMe reported a net income of USD 700,000 for the fourth quarter.
- Financial Performance: The financial results indicate a positive trend in the company's profitability.
- Market Position: VerifyMe continues to strengthen its position in the market with increasing revenue.
- Future Outlook: The company is optimistic about future growth and expansion opportunities.
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- Legal Rights: The firm encourages shareholders of Rallybio and VerifyMe, Inc. to reach out to discuss their rights and options, indicating the legal risks and potential financial losses shareholders may face during the merger process.
- Cash Acquisition: AES Corporation is being sold for $15.00 per share in cash to a consortium led by Global Infrastructure Partners and EQT Infrastructure VI fund, with Halper Sadeh LLC potentially seeking increased consideration or other compensation, reflecting a focus on shareholder interests.
- Investor Protection: Halper Sadeh LLC represents investors globally, committed to combating securities fraud and corporate misconduct, having successfully recovered millions for defrauded investors in the past, underscoring its importance in safeguarding investor rights.
See More
VerifyMe Reports Q1 2026 Financial Results with Significant Revenue Decline
- Financial Overview: VerifyMe reported a GAAP EPS of -$0.05 for Q1 2026, indicating challenges in profitability and reflecting a tough market environment.
- Significant Revenue Decline: The company's revenue for the first quarter was $1.78 million, representing a 60.1% year-over-year decline, which may undermine investor confidence in the company's future growth potential.
- Adjusted EBITDA: The adjusted EBITDA for Q1 2026 was -$0.1 million, compared to $0.0 million in Q1 2025, suggesting that the company still needs to improve on cost control and profitability.
- Cash Position: As of March 31, 2026, VerifyMe had $3.5 million in cash, and on May 11, 2026, it received a final payment of $2.1 million from ZenCredit, providing some liquidity support for the company.
See More
VerifyMe Q4 Earnings Miss Expectations
- Disappointing Earnings: VerifyMe reported a Q4 GAAP EPS of -$0.05, missing expectations by $0.03, indicating ongoing pressure on profitability that could undermine investor confidence.
- Significant Revenue Decline: Q4 revenue totaled $2.4 million, a 68.7% year-over-year drop, falling short of expectations by $1.05 million, reflecting weak market demand and intensified competition challenges.
- Gross Margin Improvement: Despite the revenue decline, Q4 gross profit was $1.2 million with a gross margin of 49%, significantly up from 32% in the same quarter last year, indicating progress in cost control measures.
- Cash Flow Position: As of December 31, 2025, VerifyMe reported $4.4 million in cash and $2.0 million in short-term notes receivable, suggesting a solid liquidity position, though future capital efficiency remains a concern.
See More
VerifyMe Reports 2025 Financial Results with Strategic Changes
- Significant Revenue Decline: VerifyMe's annual revenue for 2025 was $16.4 million, a 32% decrease from $24.2 million in 2024, primarily due to the termination of the agreement with the previous carrier, leading to customer attrition and impacting market share and revenue stability.
- Gross Margin Improvement: Despite the revenue drop, the gross margin improved to 39% in 2025 from 36% in 2024, attributed to cost control and service optimization under the new shipping partner, indicating the company's ability to enhance profitability amid challenges.
- Increased Net Loss: The net loss for 2025 was $4.9 million, up from $3.8 million in 2024, largely due to one-time adjustment costs of $4.3 million, reflecting the financial pressures faced during the company's transition phase.
- Strong Cash Position: As of December 31, 2025, VerifyMe had a cash balance of $4.4 million and short-term notes receivable of $2.0 million, demonstrating robust liquidity management despite the overall poor financial performance.
See More
VERIFYME REPORTS Q4 GROSS PROFIT OF USD 1.2 MILLION
- Company Overview: VerifyMe reported a gross profit of $1.2 million for the fourth quarter.
- Financial Performance: The financial results indicate a positive trend in the company's profitability during this period.
See More
VERIFYME REPORTS Q4 NET INCOME OF NEGATIVE USD 700 THOUSAND
- Company Overview: VerifyMe reported a net income of USD 700,000 for the fourth quarter.
- Financial Performance: The financial results indicate a positive trend in the company's profitability.
- Market Position: VerifyMe continues to strengthen its position in the market with increasing revenue.
- Future Outlook: The company is optimistic about future growth and expansion opportunities.
See More
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- Merger Investigation: Halper Sadeh LLC is investigating the merger between Rallybio Corporation and Candid Therapeutics, Inc., with Rallybio shareholders expected to own approximately 3.65% of the combined entity, potentially impacting shareholder rights and future returns.
- Legal Rights: The firm encourages shareholders of Rallybio and VerifyMe, Inc. to reach out to discuss their rights and options, indicating the legal risks and potential financial losses shareholders may face during the merger process.
- Cash Acquisition: AES Corporation is being sold for $15.00 per share in cash to a consortium led by Global Infrastructure Partners and EQT Infrastructure VI fund, with Halper Sadeh LLC potentially seeking increased consideration or other compensation, reflecting a focus on shareholder interests.
- Investor Protection: Halper Sadeh LLC represents investors globally, committed to combating securities fraud and corporate misconduct, having successfully recovered millions for defrauded investors in the past, underscoring its importance in safeguarding investor rights.
See More
