Monitor the integration with the new shipping partner and progress on the Open World merger, as revenue recovery depends on successful client transition and deal execution. The termination of the ATM agreement limits near-term capital-raising options.
Price Chart
Executive Summary
VerifyMe reported Q4 2025 revenue of $2.4 million, down 69% YoY, with a net loss of $0.7 million and negative adjusted EBITDA of $0.1 million. The sharp decline was driven by the termination of a key carrier partnership, despite improved gross margins. The company is transitioning services to a new partner and pursuing a merger with Open World, Ltd.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $2.4 million, down 69% YoY from $7.7 million in Q4 2024
- Net loss was $0.7 million, compared to $0.5 million in Q4 2024
- Adjusted EBITDA was -$0.1 million, down from $0.5 million in Q4 2024
- Approximately 78% of the revenue decline attributed to termination of prior carrier partner agreement
- Company entered into a merger agreement with Open World, Ltd. and terminated its ATM sales agreement with Roth Capital Partners
Financial Impact
Revenue declined by $5.3 million YoY, gross profit down $1.25 million, with operating cash flow of $0.1 million
Risk Factors
- Continued revenue erosion if client transition to new shipping partner is delayed or unsuccessful
- Execution risk related to the pending merger with Open World, Ltd.
- Liquidity risk given declining cash flow and termination of ATM facility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001214659-26-004005 |
| Document: e3292608k.htm | 0001214659-26-004005 |
| Document: 0001214659-26-004005-index-headers.html | 0001214659-26-004005 |
| Document: 0001214659-26-004005-index.html | 0001214659-26-004005 |
| Document: 0001214659-26-004005.txt | 0001214659-26-004005 |
| 8-K Data (Synthetic) | 0001214659-26-004005 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 9, 2026 23d ago | 425 | $0.6172 $0.6725 | ▲ +8.96% | ▲ +10.05% | — |
Aug 26, 2026 5w ago | 425 | $0.7215 $0.6150 | ▼ −14.76% | ▼ −14.64% | — |
Aug 14, 2026 7w ago | 8-K | $0.6601 $0.7385 | ▼ −11.88% | ▼ −13.24% | — |
Aug 13, 2026 7w ago | EFFECT | $0.6903 $0.7000 | ▲ +1.41% | ▲ +3.37% | — |
Aug 12, 2026 7w ago | 425 / 8-K | $0.7001 $0.6726 | ▼ −3.93% | ▼ −3.48% | — |
Jun 30, 2026 13w ago | S-4/A | $0.6100 $0.6601 | ▲ +8.21% | ▲ +7.95% | — |
Jun 9, 2026 16w ago | 425 / 8-K | $0.6835 $0.6700 | ▼ −1.98% | ▼ −5.41% | — |
May 15, 2026 20w ago | 8-K | $0.7202 $0.6617 | ▲ +8.12% | ▲ +9.09% | — |
May 5, 2026 21w ago | 425 | $0.7901 $0.7001 | ▼ −11.39% | ▼ −12.52% | — |
Apr 17, 2026 24w ago | 8-K | $0.8820 $0.8200 | ▲ +7.03% | ▲ +7.94% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access