On March 30, 2026, VerifyMe, Inc. (NASDAQ: VRME) announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a substantial decline in revenue, with Q4 2025 revenue at $2.4 million, down from $7.7 million in Q4 2024. This decline is attributed primarily to the termination of an agreement with a previous shipping partner, which significantly impacted the Precision Logistics segment. For the full year, VerifyMe reported annual revenue of $16.4 million, a decrease from $24.2 million in 2024. The company's annual gross profit also fell to $6.3 million, representing a gross margin of 39%, compared to 36% in the previous year. Despite these challenges, VerifyMe reported a cash balance of $4.4 million and a short-term note receivable of $2.0 million as of December 31, 2025. The company also noted a net loss of $4.9 million for the year, which included $4.3 million in one-time adjustments. CEO Adam Stedham highlighted the ongoing transition to a new strategic shipping partner and expressed optimism about future operations. However, the significant revenue drop and net loss indicate challenges ahead for the company as it navigates this transition and seeks to stabilize its financial performance.

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