VerifyMe reports Q1 2026 GAAP EPS of -$0.05 and a 60.1% year-over-year revenue decline to $1.78M.
VerifyMe reported a first-quarter GAAP loss of $0.05 per share, missing expectations as revenue plunged 60.1% year-over-year to $1.78 million. The company’s adjusted EBITDA also turned negative, recording -$0.1 million compared to breakeven in the same period last year.
In Q1 2025, VerifyMe had reported flat adjusted EBITDA of $0.0 million, while revenue stood significantly higher before the sharp decline. Cash reserves totaled $3.5 million as of March 31, 2026, bolstered by a $2.1 million final payment from a loan to ZenCredit received on May 11, 2026.