VerifyMe, Inc. (VRME) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.77M | 2.39M | 5.03M | 4.52M | 4.46M | 7.66M | 5.43M | 5.35M | 5.76M | 8.71M | 5.6M | 5.33M | 5.66M | 9.7M | 5.21M | 4.5M | 161K | 255K | 300K | 124K |
| Revenue Growth % | -60.22% | -68.8% | -7.4% | -15.55% | -22.64% | -12.07% | -3.02% | 0.32% | 1.73% | -10.2% | 7.46% | 18.63% | 3416.15% | 3705.1% | 1638.33% | 3526.61% | -14.36% | 240% | 197.92% | 64.77% |
| Cost of Goods Sold | 944K | 1.22M | 2.96M | 2.93M | 2.96M | 5.24M | 3.54M | 3.26M | 3.5M | 5.84M | 3.31M | 3.75M | 4.14M | 6.88M | 3.36M | 2.81M | 38K | 356K | 337K | 26K |
| COGS % of Revenue | 53.27% | 51.17% | 58.81% | 64.8% | 66.55% | 68.45% | 65.13% | 60.95% | 60.76% | 67.03% | 59.1% | 70.27% | 73.13% | 70.89% | 64.43% | 62.53% | 23.6% | 139.61% | 112.33% | 20.97% |
| Gross Profit | 828K | 1.17M | 2.07M | 1.59M | 1.49M | 2.42M | 1.9M | 2.09M | 2.26M | 2.87M | 2.29M | 1.59M | 1.52M | 2.83M | 1.85M | 1.69M | 123K | -101K | -37K | 98K |
| Gross Margin % | 46.73% | 48.83% | 41.19% | 35.2% | 33.45% | 31.55% | 34.87% | 39.05% | 39.24% | 32.97% | 40.9% | 29.73% | 26.87% | 29.11% | 35.57% | 37.47% | 76.4% | -39.61% | -12.33% | 79.03% |
| Gross Profit Growth % | -44.43% | -51.72% | 9.39% | -23.88% | -34.07% | -15.87% | -17.32% | 31.78% | 48.59% | 1.7% | 23.56% | -5.88% | 1136.59% | 2897.03% | 5113.51% | 1619.39% | -15.17% | -262.9% | -145.08% | 57.85% |
| Operating Expenses | 1.59M | 1.89M | 2.54M | 1.91M | 2.08M | 2.7M | 2.51M | 2.63M | 2.91M | 2.75M | 3.15M | 2.62M | 2.72M | 2.06M | 2.73M | 3.01M | 1.77M | 1.06M | 988K | 1.53M |
| OpEx % of Revenue | 90.01% | 79.08% | 50.57% | 42.32% | 46.76% | 35.3% | 46.24% | 49.07% | 50.48% | 31.54% | 56.16% | 49.18% | 48.08% | 21.27% | 52.35% | 66.87% | 1101.24% | 416.47% | 329.33% | 1230.65% |
| Selling, General & Admin | 1.16M | 1.34M | 906K | 988K | 1.15M | 1.43M | 1.18M | 1.1M | 1.47M | 2.82M | 3.14M | 2.56M | 2.67M | 2.01M | 2.65M | 2.98M | 1.76M | 1.04M | 980K | 1.51M |
| SG&A % of Revenue | 65.29% | 55.94% | 18% | 21.86% | 25.86% | 18.72% | 21.69% | 20.63% | 25.54% | 32.35% | 56.07% | 47.93% | 47.13% | 20.7% | 50.91% | 66.31% | 1093.79% | 406.27% | 326.67% | 1219.35% |
| Research & Development | 0 | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 55K | 84K | 5K | 10K | 8K | 16K | 39K | 25K | 9K | 26K | 8K | 12K |
| R&D % of Revenue | - | 0.21% | 0.1% | 0.11% | 0.11% | 0.07% | 0.09% | 0.09% | 0.95% | 0.96% | 0.09% | 0.19% | 0.14% | 0.16% | 0.75% | 0.56% | 5.59% | 10.2% | 2.67% | 9.68% |
| Other Operating Expenses | 438K | 548K | 1000K | 920K | 926K | 1000K | 1000K | 1000K | 1000K | -155K | 0 | 57K | 46K | 39K | 36K | 0 | 3K | 0 | 0 | 2K |
| Operating Income | -767K | -723K | -472K | -322K | -593K | -287K | -618K | -536K | -647K | 125K | -855K | -1.04M | -1.2M | 761K | -875K | -1.32M | -1.65M | -1.16M | -1.02M | -1.43M |
| Operating Margin % | -43.28% | -30.25% | -9.38% | -7.12% | -13.31% | -3.75% | -11.37% | -10.01% | -11.23% | 1.43% | -15.26% | -19.46% | -21.22% | 7.84% | -16.78% | -29.4% | -1024.84% | -456.08% | -341.67% | -1151.61% |
| Operating Income Growth % | -29.34% | -151.92% | 23.62% | 39.93% | 8.35% | -329.6% | 27.72% | 48.36% | 46.13% | -83.57% | 2.29% | 21.48% | 27.21% | 165.43% | 14.63% | 7.42% | -35.8% | 0.17% | -4.26% | -92.54% |
| EBITDA | -635K | -592K | -191K | -36K | -307K | 20K | -312K | -236K | -348K | 424K | -560K | -780K | -919K | 1.03M | -614K | -1.11M | -1.61M | -1.13M | -996K | -1.39M |
| EBITDA Margin % | -35.84% | -24.77% | -3.79% | -0.8% | -6.89% | 0.26% | -5.74% | -4.41% | -6.04% | 4.87% | -9.99% | -14.62% | -16.23% | 10.58% | -11.77% | -24.77% | -1003.11% | -443.14% | -332% | -1121.77% |
| EBITDA Growth % | -106.84% | -3060% | 38.78% | 84.75% | 11.78% | -95.28% | 44.29% | 69.74% | 62.13% | -58.71% | 8.79% | 29.98% | 43.1% | 190.88% | 38.35% | 19.91% | -35.49% | 1.05% | -3.74% | -93.82% |
| D&A (Non-Cash Add-back) | 132K | 131K | 281K | 286K | 286K | 307K | 306K | 300K | 299K | 299K | 295K | 258K | 282K | 266K | 261K | 208K | 35K | 33K | 29K | 37K |
| EBIT | -767K | -723K | -3.29M | -291K | -571K | -480K | -2.4M | -536K | -515K | 125K | -855K | -1.04M | -1.2M | 761K | -875K | -1.32M | -1.65M | -1M | 7.19M | -1.43M |
| Net Interest Income | 88K | 93K | -67K | 32K | 22K | -21K | -29K | -42K | -38K | -34K | -39K | -46K | -42K | -34K | -32K | -23K | 1K | 1K | 1K | 0 |
| Interest Income | 88K | 93K | 0 | 32K | 22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1K | 1K | 1K | 0 |
| Interest Expense | 0 | 0 | 67K | 0 | 0 | 21K | 29K | 42K | 38K | 34K | 39K | 46K | 42K | 34K | 32K | 23K | 0 | - | - | 0 |
| Other Income/Expense | 88K | 36K | -2.88M | 31K | 22K | -214K | -1.81M | 190K | 94K | -123K | -75K | 156K | -379K | -653K | 318K | -11.23M | 256K | 159K | 8.21M | 70K |
| Pretax Income | -679K | -687K | -3.36M | -291K | -571K | -501K | -2.42M | -346K | -553K | 2K | -930K | -882K | -1.58M | 108K | -557K | -12.55M | -1.39M | -1M | 7.19M | -1.36M |
| Pretax Margin % | -38.32% | -28.74% | -66.68% | -6.44% | -12.82% | -6.54% | -44.6% | -6.46% | -9.6% | 0.02% | -16.6% | -16.53% | -27.91% | 1.11% | -10.68% | -279.19% | -865.84% | -393.73% | 2396.67% | -1095.16% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1K | 1K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.1% | 0.01% | 0% |
| Net Income | -679K | -687K | -3.36M | -291K | -571K | -501K | -2.42M | -346K | -553K | 2K | -930K | -882K | -1.58M | 108K | -557K | -12.55M | -1.39M | -1M | 7.19M | -1.36M |
| Net Margin % | -38.32% | -28.74% | -66.68% | -6.44% | -12.82% | -6.54% | -44.6% | -6.46% | -9.6% | 0.02% | -16.6% | -16.53% | -27.91% | 1.11% | -10.68% | -279.19% | -865.84% | -393.73% | 2396.33% | -1095.16% |
| Net Income Growth % | -18.91% | -37.13% | -38.45% | 15.9% | -3.26% | -25150% | -160.65% | 60.77% | 65% | -98.15% | -66.97% | 92.97% | -13.34% | 110.76% | -107.75% | -824.52% | -14.73% | 14.48% | 831.46% | 48.81% |
| Net Income (Continuing) | -679K | -687K | -3.36M | -291K | -571K | -501K | -2.42M | -346K | -553K | 2K | -930K | -882K | -1.58M | 108K | -557K | -12.55M | -1.39M | -1M | 7.19M | -1.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | -0.05 | -0.26 | -0.02 | -0.05 | -0.05 | -0.23 | -0.03 | -0.05 | 0.00 | -0.09 | -0.09 | -0.18 | 0.01 | -0.07 | -1.50 | -0.19 | -0.13 | 0.95 | -0.18 |
| EPS Growth % | -9.48% | -11% | -13.04% | 31.95% | 15.48% | - | -144.42% | 62.57% | 69.5% | - | -42.79% | 93.98% | 5.26% | 106% | -106.94% | -733.33% | 0% | 38.1% | 627.78% | 82.69% |
| EPS (Basic) | -0.05 | -0.05 | -0.26 | -0.02 | -0.05 | -0.05 | -0.23 | -0.03 | -0.05 | 0.00 | -0.09 | -0.09 | -0.18 | 0.01 | -0.07 | -1.53 | -0.19 | -0.14 | 0.99 | -0.18 |
| Diluted Shares Outstanding | 13.35M | 12.62M | 12.68M | 12.47M | 12.29M | 10.4M | 10.6M | 10.24M | 10.07M | 9.91M | 9.88M | 9.77M | 9.33M | 9.54M | 8.94M | 8.39M | 7.18M | 7.54M | 7.57M | 7.39M |
| Basic Shares Outstanding | 13.35M | 12.62M | 12.68M | 12.47M | 12.29M | 10.4M | 10.6M | 10.24M | 10.07M | 9.91M | 9.88M | 9.77M | 9.33M | 9.16M | 8.94M | 8.22M | 7.18M | 7.21M | 7.29M | 7.39M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |