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VERIMATRIX: Revenue and Results for Full-year 2025

AIX-EN-PROVENCE, France & SAN DIEGO, March 12, 2026--Regulatory News: VERIMATRIX (Euronext Paris: VMX, FR0010291245), a leading provider of user security solutions for a safer connected world, has published its revenue and financial results for the financial year ended 31 December 2025.

articleVerimatrix SaMarch 12, 202616/company/verimatrix-sa/news/verimatrix-revenue-and-results-for-full-year-2025
VERIMATRIX: Revenue and Results for Full-year 2025

About this update from Verimatrix Sa

[{"type":"text","content":"Activity and results down despite continued growth in recurring subscription revenueNew roadmap for 2026–2028Refocus on anti-piracy (video protection), the Group's core business, and deploy growth drivers in the OTT marketFinalise the sale of XTD product line (mobile application protection)","length":298,"tagName":"p","attribs":{}},{"type":"text","content":"2025 full-year revenue","length":22,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Consolidated revenue: $46.5 million (-19% vs. 2024)","length":51,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pro forma1 consolidated revenue (excluding XTD): $41.7 million (-19% vs. 2024)","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Recurring revenue: 71% of total revenue at $33.1 million (-9%)","length":62,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"ARR from subscriptions: $18.9 million (+5% vs. 2024)","length":52,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pro forma ARR1 from subscriptions (excluding XTD): €15.2 million (+7% vs. 2024)","length":79,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":322,"olType":false},{"type":"text","content":"Financial results for full-year 2025","length":36,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Adjusted EBITDA: -$0.2 million (vs. $2.8 million in 2024)","length":57,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pro forma 1 adjusted EBITDA (excluding XTD): $1.1 million","length":57,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Reduction in operating expenses: -16.2%","length":39,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net adjusted loss: $11.2 million (vs. a loss of $7.7 million in 2024)","length":69,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash on hand: $7.1 million at end-December 2025","length":47,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":269,"olType":false},{"type":"text","content":"Objectives for 2028","length":19,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Resumption of business growth","length":29,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Increase in EBITDA and generation of ...

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VERIMATRIXRecurring revenueARRsubscription revenueoperating cash flowoperating expensesConsolidated revenueCash flowstotal revenueproduct lineEuronext ParisCash and cash equivalents