| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.91 | 7.9% | 57.7% |
| Total Income | 1.91 | 7.9% | 57.7% |
| Expenditure | 2.46 | 3.1% | 49.2% |
| PBT | — | ||
| Net Profit | -0.51 | 25.0% | 75.9% |
| OPM | -29.14% | 14.14pp | 22.02pp |
| NPM | -26.47% | 11.85pp | 20.03pp |
| EPS | -0.04 | 20.0% | 100.0% |
VerifyMe Reports Q2 2026 Financial Results
14 Aug 2026 · 14 Aug, 5:52 pm
Summary
VerifyMe, Inc. reported second quarter 2026 financial results, with revenue at $1.9 million, down from $4.5 million in the prior year's quarter. Gross profit decreased to $1.0 million (54% margin) from $1.6 million (35% margin) year-over-year. The company experienced a net loss of ($0.5) million, an increase from ($0.3) million in Q2 2025, and Adjusted EBITDA was $0.0 million compared to $0.3 million in Q2 2025. Management noted the transition of legacy customers and the onboarding of new ones, alongside the launch of Premium services and ongoing technology integration.
Key Highlights
- 1
VerifyMe reported quarterly revenue of $1.9 million for Q2 2026, a decrease from $4.5 million in Q2 2025.
- 2
Gross profit for Q2 2026 was $1.0 million, or 54%, compared to $1.6 million, or 35%, in Q2 2025.
- 3
The company reported a net loss of ($0.5) million in Q2 2026, compared to a net loss of ($0.3) million in Q2 2025.
- 4
Adjusted EBITDA was $0.0 million in Q2 2026, down from $0.3 million in Q2 2025.
- 5
As of June 30, 2026, VerifyMe had $5.1 million in cash and $4.7 million in working capital.
Management Comments
Adam Stedham
During the second quarter of 2026, we continued transitioning legacy ProActive customers to our new strategic shipping partner while also onboarding new customers. In June, we expanded our offerings by launching Premium services with our new shipping partner. We are finalizing our technology integration with this partner, as well as evaluating emerging technologies that can further enhance margins and operational efficiency. Our Precision Logistics business continues to make progress, as we simultaneously work towards our previously announced merger.
Informational and educational content only. Not investment advice.