VerifyMe, Inc. (VRME) intrinsic value & 10-year financials
VerifyMe, Inc. (VRME) has a Graham intrinsic value of $16.28 per share. Over the last 10 fiscal years revenue grew 96.8% a year to $16.4M, with an average return on invested capital of -306.6%.
- Graham intrinsic value
- $16.28
- Revenue (FY2025)
- $16.4M
- Revenue growth (10-yr CAGR)
- 96.8%
- ROIC (10-yr avg)
- -306.6%
- Free cash flow (FY2025)
- $585.0K
VRME 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $16.4M | -$4.9M | -$0.39 | $585.0K | -30.9% | -54.8% |
| FY2024 | $24.2M | -$3.8M | -$0.37 | $864.0K | -18.1% | -46.9% |
| FY2023 | $25.3M | -$3.4M | -$0.35 | $217.0K | -13.1% | -28.2% |
| FY2022 | $19.6M | -$14.4M | -$1.70 | -$10.1M | -19.1% | -115.8% |
| FY2021 | $867.0K | $3.6M | $0.49 | -$3.3M | -54.2% | 24.5% |
| FY2020 | $343.0K | -$5.9M | -$1.48 | — | -1040.2% | -2111.2% |
| FY2019 | $244.7K | -$2.5M | -$0.02 | — | -993.9% | -897.1% |
| FY2018 | $74.9K | -$2.9M | -$0.03 | — | -3466.4% | -425.7% |
| FY2017 | — | -$3.4M | -$0.14 | — | — | 460.5% |
| FY2016 | $37.1K | -$1.6M | -$0.06 | — | -10077.8% | 128.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VerifyMe, Inc. is a consistent compounder, expanding top-line revenue at 96.8% annually over the past decade.
VerifyMe, Inc. has historically struggled to out-earn its cost of capital, averaging just -12.2% ROIC.
Over the decade, VerifyMe, Inc. shows that management has aggressively returned capital to shareholders by retiring 54.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VerifyMe, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $16.28 per share.