VerifyMe, Inc. (NASDAQ:VRME) reported fourth-quarter results on Tuesday that came in below analyst forecasts, with both revenue and earnings missing consensus estimates as the company worked through a transition to a new shipping partner.
The logistics and brand protection technology company posted a loss of $0.05 per share for the quarter ending December 31, 2025, compared with analysts’ expectations of a $0.02 per share loss.
Quarterly revenue reached $2.4 million, falling well short of the $5.22 million consensus estimate and representing a 69% decline from the $7.7 million recorded in the same period a year earlier.
The company said that about 78% of the revenue drop was linked to the termination of its previous agreement with a former carrier partner.
Despite the weaker sales performance, gross profit margin improved to 49%, up from 32% in the fourth quarter of the prior year, reflecting improved pricing terms under the agreement with the company’s new shipping partner as well as a more favorable service mix.
VerifyMe reported a net loss of $0.7 million, or $0.05 per diluted share, compared with a $0.5 million loss in the fourth quarter of 2024.
“In Q4 of 2025, VerifyMe began the process of transitioning ProActive clients from using our previous shipping partner to our new strategic shipping partner,” said Adam Stedham, CEO and President. “We successfully transitioned a portion of our customers, and we continue to transition customers in 2026.”
For the full year 2025, the company reported revenue of $16.4 million, down from $24.2 million in 2024, while adjusted EBITDA improved to $1.0 million from $0.9 million.
As of December 31, 2025, VerifyMe reported cash of $4.4 million and working capital of $5.7 million.