| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.77 | 60.3% |
| Total Income | 1.77 | 60.3% |
| Expenditure | 2.54 | 49.7% |
| PBT | — | |
| Net Profit | -0.68 | 19.3% |
| OPM | -43.28% | 29.97pp |
| NPM | -38.32% | 25.50pp |
| EPS | -0.05 | 0.0% |
VerifyMe Reports Q1 2026 Revenue of $1.8 Million
15 May 2026 · 15 May, 5:32 pm
Summary
VerifyMe, Inc. reported its financial results for the first quarter ended March 31, 2026. The company's quarterly revenue was $1.8 million, a decrease from $4.5 million in Q1 2025. Gross profit was $1.0 million with a 54% margin, compared to $1.5 million with a 33% margin in the prior year's quarter. The net loss was ($0.7) million, slightly higher than the ($0.6) million loss in Q1 2025. Adjusted EBITDA was ($0.1) million, compared to $0.0 million in Q1 2025.
Key Highlights
- 1
VerifyMe's quarterly revenue was $1.8 million, compared to $4.5 million in Q1 2025.
- 2
The company's quarterly gross profit was $1.0 million, representing a 54% margin, compared to $1.5 million or 33% in Q1 2025.
- 3
Net loss for the quarter was ($0.7) million, compared to ($0.6) million in Q1 2025.
- 4
Adjusted EBITDA was ($0.1) million, compared to $0.0 million in Q1 2025.
- 5
The company had cash of $3.5 million and working capital of $5.1 million as of March 31, 2026.
Management Comments
Adam Stedham
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.”
Informational and educational content only. Not investment advice.