VerifyMe ( (VRME) ) has released its Q3 earnings. Here is a breakdown of the information VerifyMe presented to its investors.
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VerifyMe, Inc., a company specializing in logistics for time and temperature-sensitive products and brand protection solutions, has released its financial results for the third quarter of 2025. The company operates primarily in the logistics and brand protection industry, offering unique services to enhance brand security and logistics efficiency.
In the third quarter of 2025, VerifyMe reported a revenue of $5.0 million, a slight decrease from the $5.4 million reported in the same period last year. Despite the revenue drop, the company achieved a gross profit of $2.1 million, up from $1.9 million in Q3 2024, reflecting an improved gross margin of 41%. However, the company faced a net loss of $3.4 million, impacted by significant one-time adjustments totaling $3.9 million.
Key financial highlights include an adjusted EBITDA of $0.8 million, a substantial increase from $0.2 million in Q3 2024, indicating improved operational efficiency. The company also reported positive cash flow from operations of $0.2 million, a notable improvement from the previous year’s break-even point. VerifyMe’s cash position stood at $4.0 million as of September 30, 2025.
The company attributes the revenue decline to the discontinuation of services for two customers, partially offset by growth in its Precision Logistics segment, which now accounts for 99% of its revenue. The increase in gross margin is primarily due to reduced costs in this segment. Despite the net loss, the company’s adjusted EBITDA growth and positive cash flow highlight its operational progress.
Looking ahead, VerifyMe’s management remains optimistic about future growth, focusing on strategic acquisitions and partnerships to enhance service offerings. The company is setting the stage for organic revenue growth in 2026, with expectations of a higher margin profile and continued cash generation.