VerifyMe, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $16.4M | $24.2M | $25.3M | $19.6M | $867.0K | $343.0K | $245.0K |
| Cost of Revenue | — | $10.1M | $15.5M | $17.3M | $13.1M | $268.0K | $62.0K | $45.0K |
| Gross Profit | — | $6.3M | $8.7M | $8.0M | $6.5M | $599.0K | $281.0K | $200.0K |
| Gross Margin | — | 38.5% | 35.8% | 31.7% | 33.1% | 69.1% | 81.9% | 81.6% |
| Operating Expenses | ||||||||
| Research & Development | — | $20.0K | $70.0K | $107.0K | $89.0K | $51.0K | $19.0K | $5.0K |
| SG&A Expense | — | $3.4M | $3.9M | $4.4M | $8.4M | $4.2M | $2.2M | $1.4M |
| Operating Income | — | $-5.1M | $-4.4M | $-3.3M | $-3.7M | $-4.8M | $-3.6M | $-2.4M |
| Operating Margin | — | -30.9% | -18.1% | -13.1% | -19.1% | -557.2% | -1,040.2% | -992.7% |
| Interest Expense | — | — | — | $31.0K | — | — | — | — |
| Pretax Income | — | $-4.9M | $-3.9M | $-3.4M | $-14.4M | $-3.6M | $-5.9M | $-2.5M |
| Income Tax Expense | — | $-1.1M | $-1.2M | $0 | — | — | — | — |
| Net Income | — | $-4.9M | $-3.8M | $-3.4M | $-14.4M | $3.6M | $-5.9M | $-2.5M |
| Net Margin | — | -29.9% | -15.8% | -13.4% | -73.5% | 416.6% | -1,720.7% | -1,023.3% |
| EPS (Basic) | — | $-0.39 | $-0.37 | $-0.35 | $-1.70 | $0.51 | $-1.48 | $-1.17 |
| EPS (Diluted) | — | $-0.39 | $-0.37 | $-0.35 | $-1.70 | $0.49 | $-1.48 | $-1.17 |
| Shares Outstanding (Basic) | 13.1M | 12.6M | 10.4M | 9.8M | 8.5M | 7.1M | 4.0M | 2.1M |
| Shares Outstanding (Diluted) | 13.1M | 12.6M | 10.4M | 9.8M | 8.5M | 7.4M | 4.0M | 2.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |