OpenWorld earnings estimates released on October 26, 2026, put third-quarter revenue at $6.9 million to $7.2 million and its net loss at approximately $10 million. The digital-assets and blockchain technology company expects positive adjusted EBITDA after excluding certain compensation and merger costs, but its quarter-end accounting work remains incomplete.
Key Takeaways
- The preliminary estimates cover the quarter ended September 30, 2026, and could change materially.
- The expected net loss includes approximately $11.9 million in nonrecurring stock compensation and merger-related fees.
- Co-founder Gerard Hernandez became chief financial officer effective October 23.
OpenWorld earnings estimates separate loss from adjusted profit
OpenWorld expects a gross margin of 80% to 82% and adjusted EBITDA of $1.7 million to $2 million. These are preliminary estimates for a completed quarter, not finalized results or guidance for a future period.
The main distinction between the projected GAAP loss and positive adjusted EBITDA is the treatment of expenses. The company estimates $5.9 million in nonrecurring stock-based compensation and $6 million in merger-related transaction fees, primarily advisory costs associated with its reverse merger with VerifyMe.
Adjusted EBITDA also excludes interest, taxes, depreciation and amortization. It is a supplemental non-GAAP measure, not a substitute for the reported net loss. The company’s independent accounting firm has not audited, reviewed or performed procedures on the preliminary figures.
| Item | Details |
|---|---|
| Q3 2026 revenue estimate | $6.9 million–$7.2 million |
| Q3 2026 gross margin estimate | 80%–82% |
| Q3 2026 GAAP net loss estimate | Approximately $10 million |
| Q3 2026 adjusted EBITDA estimate | $1.7 million–$2 million; non-GAAP |
Reverse takeover changes the reporting scope
The third-quarter operating figures will reflect OpenWorld’s historical operations rather than those of predecessor VerifyMe. By contrast, the September 30 consolidated balance sheet will include the combined entities.
OpenWorld’s business combination structure placed Open World Ltd. beneath the public parent when the transaction closed on September 30, 2026. The parent changed its name from VerifyMe to OpenWorld effective October 1. That reporting distinction matters when interpreting the first quarterly figures following the transaction.
Through its OpenWorld Enterprise platform, the company provides financial structuring and blockchain infrastructure for issuing and distributing tokenized real-world assets to institutional and retail investors.
Hernandez takes charge of finance and reporting
Gerard Hernandez, an OpenWorld co-founder who most recently served as chief accounting officer, will oversee finance, accounting, reporting and investor relations as chief financial officer.
The company said Hernandez helped lead its transition to the Nasdaq public markets. He has more than 15 years of financial leadership experience across technology, blockchain and healthcare, and holds CPA designations in the United States and Canada.
Next milestone
OpenWorld expects to release its third-quarter 2026 results and hold a conference call and webcast on November 12, when investors can check the completed figures against these preliminary estimates.
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This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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