VerifyMe, Inc. (VRME)

Nasdaq: VRME · Finance Services · Lake Mary, FL · filing with the SEC since 2000

Grade4.2

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Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 30, 2021	Dec 31, 2020	Dec 30, 2020	Dec 31, 2019	Dec 31, 2018
Report filed	Mar 31, 2026	Mar 12, 2025	Mar 29, 2024	Mar 28, 2023	Mar 14, 2022	·	Mar 25, 2021	·	Mar 9, 2020	Apr 1, 2019
Revenue	16,398,000	24,207,000	25,313,000	19,576,000	867,000	867,000	343,000	343,000	245,000^r	74,884
For lenders
Net interest income	214,000	-130,000	-161,000	-88,000	2,000	2,000	-2,053,000	-2,053,000	-97,000^r	6,664
Cost of revenue	10,077,000	15,545,000	17,287,000^r	13,088,000	268,000	268,000	62,000	62,000	45,000^r	28,802
Gross profit	6,321,000	8,662,000	8,026,000^r	6,488,000	599,000	599,000	281,000	281,000	200,000^r	46,082
Research and development	20,000	70,000	107,000	89,000	51,000	51,000	19,000	19,000	5,000^r	187,655
Sales and marketing	967,000	1,361,000	1,644,000^r	1,718,000	1,163,000	1,163,000	651,000	651,000	553,000^r	135,290
General and administrative	3,416,000	3,852,000	4,416,000^r	8,428,000	4,216,000	2,995,000	2,151,000	2,072,000	1,359,000^r	1,585,329
Total operating expenses	11,391,000	13,052,000	11,354,000^r	10,235,000	5,430,000	5,430,000	3,849,000	3,849,000	2,632,000^r	2,641,883
Operating income	-5,070,000	-4,390,000	-3,328,000	-3,747,000	-4,831,000^r	-4,831,000	-3,568,000	-3,568,000	-2,432,000^r	-2,595,801
Interest expense	·	·	31,000	·	·	·	·	·	·	-6,664
Share of profit of equity-method investments	·	·	-100,000	-10,932,000	8,371,000	8,371,000	·	·	·	·
Total non-operating income (expense)	165,000	566,000	-62,000	-10,651,000	8,443,000	8,443,000	-2,334,000	-2,334,000	-75,000^r	-336,661
Income before income taxes	-4,905,000	-3,881,000	-3,389,000	-14,400,000	-3,612,000^r	·	-5,902,000	·	-2,508,000^r	-2,932
Income tax expense	-1,120,000	-1,192,000^r	0	·	·	·	·	·	·	·
Net income including non-controlling interests	-4,905,000	-3,824,000	-3,390,000	-14,398,000	·	·	·	·	·	·
Net income	-4,905,000	-3,824,000	-3,390,000	-14,398,000	3,612,000	3,612,000	-5,902,000	-5,902,000	-2,507,000^r	-2,932,462
Net income to common shareholders	·	·	·	·	·	·	·	·	·	-2,932,462
Earnings per share, basic	-0.39	-0.37	-0.35	-1.70	0.51	0.51	-1.48	-1.48	-1.17^r	-1.50^b
Earnings per share, diluted	-0.39	-0.37	-0.35	-1.70	0.49	0.49	-1.48	-1.48	-1.17^r	-1.50^b
Weighted average shares, basic	12,619,512	10,402,508	9,766,469	8,466,075	7,110,907	7,110,907	3,980,202	3,980,202	2,149,112^r	1,877,023^b
Weighted average shares, diluted	12,619,512	10,402,508	9,766,469	8,466,075	7,383,364	7,383,364	3,980,202	3,980,202	2,149,112^r	1,877,023^b

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-50 reverse split.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:Revenues

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing cost

us-gaap:InterestExpenseDebt
us-gaap:InterestExpense

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton VRME · research, not advice