The company's financial health is pressured by an accumulated deficit of -$91.3 million and a reliance on $2.9 million in goodwill, which may indicate potential future impairment risks.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 |
|---|
| Total Current Assets | 6.85M | 7.73M | 6.36M | 7.69M | 9.46M | 10.01M | 8.2M | 447K | 1.77M | 711.67K | 49.16K | 32.84K | 342.4K | 1.51M | 3.77M | 220.09K | 278.8K | 50K | 30K | 31.07K | 192.23K | 87.3K | 734.77K | 821.46K | 161.2K | 315.83K |
| Cash & Short-Term Investments | 3.52M | 4.35M | 2.82M | 3.1M | 3.41M | 9.42M | 7.94M | 253K | 1.67M | 693K | 22.64K | 4.15K | 63.96K | 1.29M | 2.99M | 53.57K | 77.33K | 20K | 0 | 348 | 2.06K | 6.71K | 676.59K | 810.26K | 122.59K | 268.98K |
| Cash Only | 3.52M | 4.35M | 2.82M | 3.1M | 3.41M | 9.42M | 7.94M | 253K | 1.67M | 693K | 22.64K | 4.15K | 63.96K | 1.29M | 2.99M | 53.57K | 77.33K | 20K | 0 | 348 | 2.06K | 6.71K | 676.59K | 810.26K | 122.59K | 268.98K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.09M | 857K | 3.37M | 4.3M | 5.63M | 297K | 31K | 81K | 30.37K | 0 | 0 | 0 | 0 | 3.57K | 3.47K | 0 | 10.19K | 0 | 0 | 1.99K | 6.54K | 21.78K | 27.94K | 994 | 27.36K | 20.59K |
| Days Sales Outstanding | 59 | 19.08 | 50.8 | 61.99 | 105.03 | 125.03 | 32.99 | 120.67 | 148.04 | - | - | - | - | 415.33 | 74.44 | - | 69.25 | - | - | 2.41 | 19.39 | 38 | 94.27 | 5.84 | 79.06 | 636.83 |
| Inventory | 31K | 37K | 39K | 38K | 81K | 52K | 54K | 30K | 41.98K | 0 | 17.09K | 28.69K | 97.36K | 34.27K | 19.98K | 35.14K | 23.69K | 20K | 20K | 28.73K | 43.23K | 58.82K | 20.42K | 0 | 0 | 0 |
| Days Inventory Outstanding | 1.6 | 1.22 | 0.92 | 0.8 | 2.26 | 70.82 | 317.9 | 243.33 | 532.03 | - | 256.08 | 159.32 | 314.41 | 4.62K | 1.79K | 34.38K | 10.7K | - | 365 | 51.74 | - | - | - | - | - | - |
| Other Current Assets | 208K | 2.48M | 131K | 0 | 100K | 0 | 0 | 51K | 25.78K | 0 | 0 | 0 | 0 | 0 | 0 | 13.63K | 27.9K | 10K | 10K | 0 | 140.41K | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 5.27M | 5.29M | 9.71M | 13.02M | 11.29M | 11.68M | 573K | 496K | 279.28K | 191.51K | 231.95K | 304.33K | 219.6K | 301.97K | 314.17K | 118.62K | 139.57K | 150K | 150K | 157.66K | 154.16K | 151.59K | 101.71K | 56.12K | 145.55K | 744.69K |
| Property, Plant & Equipment | 16K | 20K | 352K | 708K | 761K | 204K | 200K | 177K | 0 | 0 | 0 | 7.84K | 74.82K | 144.07K | 2.34K | 0 | 0 | 0 | 10K | 10.06K | 14.02K | 19.4K | 21.42K | 3.02K | 7.56K | 0 |
| Fixed Asset Turnover | 156.30x | 819.90x | 68.77x | 35.75x | 25.72x | 4.25x | 1.72x | 1.38x | - | - | - | 27.72x | 1.67x | 0.02x | 7.28x | - | - | - | 6.00x | 30.04x | 8.78x | 10.78x | 5.05x | 20.56x | 16.72x | - |
| Goodwill | 2.93M | 2.93M | 3.99M | 5.38M | 3.99M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 2.33M | 2.35M | 5.37M | 6.75M | 6.41M | 509K | 373K | 319K | 279.28K | 191.51K | 231.95K | 259.29K | 107.59K | 120.69K | 311.83K | 118.62K | 125.94K | 130K | 140K | 147.6K | 140.15K | 132.19K | 80.3K | 53.1K | 137.99K | 744.69K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 10.96M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 174K | 133K | 0 | 0 | 0 | 0 | 0 | 0 | 37.2K | 37.2K | 37.2K | -314.17K | 0 | 13.63K | 20K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 12.12M | 13.02M | 16.07M | 20.7M | 20.75M | 21.69M | 8.77M | 943K | 2.05M | 903.18K | 281.11K | 337.17K | 562.01K | 1.82M | 4.08M | 338.71K | 418.37K | 200K | 180K | 188.73K | 346.39K | 238.89K | 836.48K | 877.57K | 306.75K | 1.06M |
| Asset Turnover | 0.99x | 1.26x | 1.51x | 1.22x | 0.94x | 0.04x | 0.04x | 0.26x | 0.04x | - | 0.13x | 0.64x | 0.22x | 0.00x | 0.00x | 0.03x | 0.13x | 0.10x | 0.33x | 1.60x | 0.36x | 0.88x | 0.13x | 0.07x | 0.41x | 0.01x |
| Asset Growth % | -60.76% | -18.98% | -22.4% | -0.23% | -4.32% | 147.18% | 830.43% | -54.01% | 127.05% | 221.28% | -16.62% | -40.01% | -69.04% | -55.53% | 1105.14% | -19.04% | 109.19% | 11.11% | -4.63% | -45.52% | 45% | -71.44% | -4.68% | 186.09% | -71.08% | - |
| Total Current Liabilities | 1.74M | 2.02M | 4.24M | 5.14M | 5.43M | 450K | 383K | 1.01M | 480.25K | 1.1M | 1.56M | 702.97K | 6.2M | 1.18M | 958.06K | 1.63M | 1.49M | 1.19M | 890K | 1.89M | 1.19M | 333.29K | 55.83K | 117.49K | 36.74K | 40.35K |
| Accounts Payable | 532K | 745K | 2.97M | 3.31M | 3.91M | 341K | 383K | 422K | 411.21K | 923.2K | 867.44K | 652.97K | 5.22M | 316.79K | 660.49K | 0 | 10.19K | 0 | 0 | 641.21K | 389.06K | 333.29K | 43.33K | 104.99K | 36.74K | 19.31K |
| Days Payables Outstanding | 43.2 | 24.58 | 69.76 | 69.89 | 109.1 | 464.42 | 2.25K | 3.42K | 5.21K | 7.82K | 13K | 3.63K | 16.85K | 42.67K | 59.04K | - | 4.6K | - | - | 1.15K | - | - | - | - | - | - |
| Short-Term Debt | 750K | 750K | 500K | 500K | 500K | 0 | 0 | 298K | 0 | 50K | 68.07K | 50K | 926.55K | 50K | 200K | 50K | 50K | 0 | 0 | 1.25M | 805K | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -803.42K | -652.97K | 16.67K | 16.67K | -660.49K | 0 | 0 | 0 | 0 | -1.44M | -394.06K | 0 | 12.5K | 12.5K | 0 | 21.04K |
| Other Current Liabilities | 457K | 0 | 0 | 173K | 0 | 0 | 0 | 171K | 0 | 122.48K | 623.46K | 0 | 0 | 800K | 0 | 940.55K | 0 | 1.19M | 890K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 3.94x | 3.82x | 1.50x | 1.50x | 1.74x | 22.25x | 21.41x | 0.44x | 3.69x | 0.65x | 0.03x | 0.05x | 0.06x | 1.28x | 3.93x | 0.13x | 0.19x | 0.04x | 0.03x | 0.02x | 0.16x | 0.26x | 13.16x | 6.99x | 4.39x | 7.83x |
| Quick Ratio | 3.92x | 3.80x | 1.49x | 1.49x | 1.73x | 22.13x | 21.27x | 0.41x | 3.60x | 0.65x | 0.02x | 0.01x | 0.04x | 1.25x | 3.91x | 0.11x | 0.17x | 0.03x | 0.01x | 0.00x | 0.12x | 0.09x | 12.80x | 6.99x | 4.39x | 7.83x |
| Cash Conversion Cycle | 17.4 | -4.29 | -18.05 | -7.1 | -1.81 | -268.57 | -1.9K | -3.06K | -4.53K | - | - | - | - | -37.64K | -57.18K | - | 6.16K | - | - | -1.1K | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 1.61M | 3.03M | 1.74M | 71K | 72K | 0 | 0 | 0 | 0 | 1.8M | 6.48M | 6.63M | 2.59M | 2.01M | 2.08M | 1.66M | 1.62M | 800K | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 1.48M | 1.98M | 1.38M | 0 | 72K | 0 | 0 | 0 | 0 | 0 | 0 | 330.25K | 1.61M | 2.01M | 2.08M | 1.66M | 1.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 75K | 0 | 139K | 307K | 359K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 751K | 3K | 71K | 0 | 0 | 0 | 0 | 0 | 1.8M | 6.48M | 6.3M | 975.56K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.74M | 2.02M | 5.85M | 8.17M | 7.17M | 521K | 455K | 1.01M | 480.25K | 1.1M | 1.56M | 2.51M | 12.69M | 7.81M | 3.55M | 3.65M | 3.56M | 2.85M | 2.51M | 1.89M | 1.19M | 333.29K | 55.83K | 117.49K | 36.74K | 40.35K |
| Total Debt | 750K | 750K | 2.22M | 2.95M | 2.35M | 0 | 72K | 298K | 0 | 50K | 68.07K | 50K | 926.55K | 380.25K | 1.81M | 2.06M | 2.13M | 1.66M | 1.62M | 1.25M | 805K | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -2.77M | -3.6M | -601K | -143K | -1.06M | -9.42M | -7.87M | 45K | -1.67M | -643K | 45.42K | 45.85K | 862.6K | -905.72K | -1.18M | 2.01M | 2.05M | 1.64M | 1.62M | 1.24M | 802.94K | -6.71K | -676.59K | -810.26K | -122.59K | -268.98K |
| Debt / Equity | 0.07x | 0.07x | 0.22x | 0.24x | 0.17x | - | 0.01x | - | - | - | - | - | - | - | 3.38x | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | -0.52x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.90x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -75.67x | - | -28.42x | -20.06x | -162.61x | - | -1.74x | -24.85x | -389.53x | -14.51x | -126.90x | -36.47x | -38.72x | -127.23x | -3.32x | -1.07x | -1.91x | -2.68x | -1.28x | -2.73x | -4.22x | - | - | -37.04x | - | - |
| Total Equity | 10.38M | 10.99M | 10.21M | 12.53M | 13.59M | 21.17M | 8.32M | -67K | 1.57M | -192.5K | -1.28M | -2.17M | -12.13M | -6M | 535.74K | -3.31M | -3.14M | -2.65M | -2.33M | -1.7M | -847.66K | -94.39K | 780.65K | 760.08K | 270.01K | 1.02M |
| Equity Growth % | 4.29% | 7.63% | -18.49% | -7.77% | -35.82% | 154.44% | 12516.42% | -104.27% | 915.76% | 84.94% | 41.06% | 82.12% | -102.13% | -1219.78% | 116.19% | -5.27% | -18.62% | -13.73% | -37.26% | -100.25% | -798.01% | -112.09% | 2.71% | 181.5% | -73.53% | - |
| Book Value per Share | 0.78 | 0.87 | 0.98 | 1.28 | 1.60 | 2.87 | 2.09 | -0.03 | 0.77 | -0.18 | -7.67 | -18.14 | -167.55 | -101.97 | 15.12 | -96.27 | -98.26 | -2.45 | -2.71 | -98.23 | -52.48 | -6.62 | 62.07 | 114.73 | 62.50 | 307.46 |
| Total Shareholders' Equity | 10.38M | 10.99M | 10.21M | 12.53M | 13.59M | 21.17M | 8.32M | -67K | 1.57M | -192.5K | -1.28M | -2.17M | -12.13M | -6M | 535.74K | -3.31M | -3.14M | -2.65M | -2.33M | -1.7M | -847.66K | -94.39K | 780.65K | 760.08K | 270.01K | 1.02M |
| Common Stock | 14K | 14K | 11K | 10K | 10K | 7K | 6K | 2K | 102.2K | 53.52K | 8.33K | 5.98K | 337.37K | 319.86K | 248.24K | 174.94K | 155.34K | 130K | 70K | 73.44K | 73.44K | 63.59K | 60.59K | 41.99K | 19.34K | 16.96K |
| Retained Earnings | -91.26M | -90.58M | -85.67M | -81.85M | -78.46M | -64.06M | -67.67M | -61.77M | -59.26M | -56.33M | -41.64M | -40M | -37.7M | -29.78M | -13.39M | -12.19M | -11.52M | -10.8M | -10.11M | -9.02M | -8.06M | -6.45M | -5.18M | -3.78M | -2.67M | -1.47M |
| Treasury Stock | -476K | -502K | -480K | -659K | -949K | -838K | -113K | -113K | -113.39K | -113.39K | -113.39K | -113.39K | -113.39K | -113.39K | -113.39K | -113.39K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 12K | -2K | -3K | 0 | 0 | 0 | 0 | 0 | 0 | -3.68M | 0 | -90K | -30K | -30K | -30K | -30K | -30K | -20K | -20K | -13.2K | -7.96K | -3.27K | -1.89K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital depletion
According to historical balance sheet data, VerifyMe's total assets have declined from $20.7 million in 2023Q4 to $12.1 million in 2026Q1, signaling a persistent contraction that aligns with the company's ongoing struggle to maintain its operational scale amidst significant revenue headwinds and recurring net losses.
The consistent reduction in total assets suggests that the company is not successfully replacing the value of its divested or depreciated assets with new growth initiatives. This downward trajectory in the balance sheet size appears to mirror the broader decline in the firm's commercial footprint and market relevance.
As reported in recent financial filings, the company's cash position has fluctuated significantly, ending 2026Q1 at $3.5 million, which represents a notable decrease from the $6.1 million peak observed in 2025Q2, indicating that the firm's liquidity buffer is being consumed by ongoing operational deficits.
While the current ratio of 3.94 suggests a superficial level of short-term coverage, the absolute cash balance remains low relative to the company's historical burn rate. Investors should monitor whether this cash runway is sufficient to support the business without requiring dilutive financing in the near term.
Based on the provided financial statements, goodwill remains a material component of the asset base at $2.9 million as of 2026Q1, which warrants investigation given the company's inability to generate positive net income or demonstrate sustained growth from its previous acquisition-led expansion strategy.
The presence of significant goodwill on the balance sheet, despite a -29.91% net margin, suggests a potential risk of future impairment charges. If the underlying business units fail to meet performance expectations, these intangible assets may require write-downs that would further erode the company's equity base.
Financial disclosures reveal that retained earnings have deteriorated to -$91.3 million as of 2026Q1, a trend that underscores the long-term impact of persistent operational losses on the company's equity quality and its overall financial health as reported in recent quarterly filings.
The steady accumulation of losses in the retained earnings account indicates that the company has not yet established a profitable business model. This persistent deficit suggests that shareholder value is being systematically depleted, leaving the balance sheet increasingly reliant on external capital or asset liquidation to survive.
Quick answers to the most common questions about buying VRME stock.
As of 2025, VerifyMe, Inc. (VRME) had total assets of $13.0M including $7.7M in current assets.
VerifyMe, Inc. (VRME) carries total debt of $0.8M, offset by $4.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
VerifyMe, Inc. (VRME) has total shareholders' equity (book value) of $11.0M ($0.87 book value per share). Book value represents the net worth of the company belonging to common stock holders.
VerifyMe, Inc. (VRME) reported a current ratio of 3.82x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.