VerifyMe (VRME) Cost of Revenue (2011 - 2026)
VerifyMe's Cost of Revenue came in at $812,000 for Q1 2026, down 72.6% from $2.97 million a year earlier and down 33.6% from the prior quarter.
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Analysis
VerifyMe (VRME) Cost of Revenue (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Mar 31, 2026, VerifyMe reported Cost of Revenue of $7.92 million, down 47.2% year-over-year; for FY2025, it came in at $10.08 million, down 35.2% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 176.8% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $15.55 million in FY2024 (-10.1%), $17.29 million in FY2023 (+32.1%), $13.09 million in FY2022 and $268,000 in FY2021 (+332.3%).
- The Q1 2026 figure represents the lowest quarterly Cost of Revenue since Q1 2022.
- Year-over-year, Cost of Revenue has declined for ten consecutive quarters, with an average decline of 26.9% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in Q4 2021 (growth of 553.8%), and the weakest in Q4 2025 (a decline of 76.7%).
- Business Quant data shows VRME's Cost of Revenue at $1.22 million (Q4 2025), $2.96 million (Q3 2025) and $2.93 million (Q2 2025) in the three quarters before Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 165.28 Bn | 159.81 Bn | - | - |
| 2 | Csx | 87.86 Bn | 84.08 Bn | - | - |
| 3 | Canadian Pacific Kansas City | 75.56 Bn | 75.27 Bn | - | - |
| 4 | Norfolk Southern | 71.27 Bn | 65.91 Bn | - | - |
| 5 | United Parcel Service | 69.70 Bn | 46.62 Bn | - | - |
| 6 | Fedex | 68.71 Bn | 34.65 Bn | - | - |
| 7 | Delta Air Lines | 55.32 Bn | 37.50 Bn | - | - |
| 8 | Old Dominion Freight Line | 37.44 Bn | 36.71 Bn | - | - |
| 9 | United Airlines Holdings | 36.52 Bn | -19.85 Bn | - | - |
| 10 | VerifyMe | 11.82 Mn | 11.82 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 812,000.00 |
| Dec 31, 2025 | 1.22 Mn |
| Sep 30, 2025 | 2.96 Mn |
| Jun 30, 2025 | 2.93 Mn |
| Mar 31, 2025 | 2.97 Mn |
| Dec 31, 2024 | 5.24 Mn |
| Sep 30, 2024 | 3.54 Mn |
| Jun 30, 2024 | 3.26 Mn |
| Mar 31, 2024 | 3.50 Mn |
| Dec 31, 2023 | 5.84 Mn |
| Sep 30, 2023 | 3.56 Mn |
| Jun 30, 2023 | 3.75 Mn |
| Mar 31, 2023 | 4.14 Mn |
| Dec 31, 2022 | 6.88 Mn |
| Sep 30, 2022 | 3.36 Mn |
| Jun 30, 2022 | 2.81 Mn |
| Mar 31, 2022 | 38,000.00 |
| Dec 31, 2021 | 85,000.00 |
| Sep 30, 2021 | 114,000.00 |
| Jun 30, 2021 | 26,000.00 |
API Access
VerifyMe Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VRME&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VRME", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VRME&period=max&api_key=YOUR_API_KEY");
const data = await res.json();