Open World revenue falls to $7.77 million in first half of 2026
Key Facts
Open World reported revenue of $7,765,383 for the six months ended June 30, 2026, compared with $9,921,169 in the same period of 2025, according to financial data from Open World Limited filed with the U.S. Securities and Exchange Commission. The figures came as the company transitioned to a public entity named Open World, following completion of its business combination with VerifyMe on September 30, 2026. The new public name took effect on October 1, according to the official investor relations page. The company describes itself as operating in digital assets and blockchain technology, with a focus on real-world asset infrastructure. Its shares trade on Nasdaq under the ticker OPNW.
The registration filings show a sharp shift in the prior annual result: the company moved from net income of $25,046,569 in 2024 to a net loss of $20,229,064 in 2025. That places the first-half 2026 revenue decline within a financial record marked by a significant change between the two years, as the company reshaped its public identity through the merger. The company also disclosed revenue concentration, with its four largest customers accounting for about 68% of total 2025 revenue. That concentration means a large share of that year's revenue was tied to a limited number of customers, according to its filings with the commission. The company's filings with the commission remain under registration number 0001104038.
The merger documents correct an earlier description of the finance leadership: they identify Gerard Hernandez as chief accounting officer, while stating that Jennifer Kola will continue as chief financial officer of the combined company. The document said Kola "will continue in her current role as chief financial officer of the combined company." The available documents therefore do not support describing Hernandez as the new chief financial officer. On expansion, Open World announced on October 18 that it had signed a definitive merger agreement to acquire Bloxsite, which it described as operating infrastructure for its tokenized solar energy and computing program. The announcement includes the Meridian program, with funding of up to $1 billion, and a transaction backed by intellectual property rights with Beyond AI worth up to $130 million.
On October 15, the company announced that it had signed a term sheet to finance a solar-powered distributed AI computing network, initially to be integrated with residential battery storage systems. The program includes tokenized funding of up to $1 billion, according to the announcement headline posted on the investor relations page. The company also said on October 25 that its planned dual listing on the Figure Open Network remained targeted for the fourth quarter of 2026. It linked that timeline to shareholders' October 16 approval of amendments to the articles of incorporation concerning blockchain-based common shares. The company continues to publish its periodic and current reports through the commission's system under its existing registration number.