VME Companies, Inc.

S-1/A amended

Range $4.00 to $5.00 · 4,000,000 shares · Gross proceeds $18,000,000

VME Companies, Inc. reported a significant decline in revenue for 2025, driven by the completion of three major multi-year projects in 2024, resulting in a 72% year-over-year revenue drop to $52.1 million. While the company experienced a 348% increase in gross profit due to reduced costs, it faces liquidity challenges, including $900,000 in defaulted short-term loans and a $4.1 million stockholders' deficit. The company is pursuing an IPO and asset sales (e.g., Batam fabrication yard) to address going-concern uncertainties, while maintaining focus on EPC & Modular Solutions and Separation Technology segments. A revenue reversal in 2024 related to a disputed contract and ongoing legal disputes remain key operational risks.

S-1 filed

VME Companies, Inc. has restructured its operations into two primary segments: EPC & Modular Solutions and Separation Technologies. The company reported a significant decline in revenue for 2025 due to the completion of major multi-year projects in 2024, but achieved a 348% increase in gross profit and a 130% rise in income from operations. Financial performance improvements are attributed to enhanced project governance, supply-chain oversight, and cost management. The company also exited its onshore operations and focuses on scalable engineering and modular delivery solutions.

DRS/A amended

VME Companies, Inc. reported a significant decline in revenue for 2025, driven by the completion of major projects in 2024 and their absence in 2025. Revenue dropped 72% to $52.1M, with a corresponding decrease in costs. The company reversed $21M in revenue due to a customer's step-in rights, impacting gross margins. Despite a 130% increase in net income to $12.5M, liquidity challenges persist, including defaulted loans, a stockholders' deficit, and reliance on future financing. The company is seeking external capital and plans to use IPO proceeds to address going concern uncertainties.

DRS filed

VME Companies, Inc. is preparing for its initial public offering (IPO) with a preliminary prospectus filing (DRS) dated 2026-07-02. The filing details the company's financial performance, including a net loss of $44.5 million in 2024 and a net profit of $12.5 million in 2025, followed by a $928,000 net loss in Q1 2026. Key events include the 2025 sale of VME Fabricators, TLP, and Cortex Process Equipment, LLC (Disposal Group) as part of pre-IPO restructuring. The company reorganized into a holding company structure, creating VME Companies, Inc. with long-operating subsidiaries. Subsequent events include defaulted loans, a pending property sale, and ongoing operational challenges. The filing emphasizes continuity in core operations despite divestitures and restructuring.