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IDAI

T Stamp Inc.

IDAI

T Stamp Inc. • NASDAQ
$4.18 ▲ 4.76% (+0.19)
Market Cap $9.76 M
52w High $8.96
52w Low $0.31
Dividend Yield 0%
P/E -0.66
Volume 51.96K
Outstanding Shares 2.33M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $872.491K ▲ $2.085M ▼ $-1.912M ▼ -219.137% ▼ $-0.72 ▼ $-1.603M ▼
Q2-2025 $812.667K ▲ $2.132M ▼ $-1.712M ▲ -210.659% ▲ $-0.69 ▲ $-1.477M ▲
Q1-2025 $545.471K ▼ $2.408M ▼ $-2.157M ▲ -395.509% ▲ $-1.95 ▲ $-1.951M ▲
Q4-2024 $1.497M ▲ $2.443M ▼ $-6.012M ▼ -401.534% ▼ $-3.45 ▼ $-5.461M ▼
Q3-2024 $511.081K $2.933M $683.524K 133.741% $-1.06 $979.316K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.372M ▲ $11.19M ▲ $4.967M ▲ $6.062M ▲
Q2-2025 $292.054K ▼ $5.659M ▼ $3.052M ▲ $2.446M ▼
Q1-2025 $1.138M ▼ $6.626M ▼ $2.381M ▼ $4.083M ▲
Q4-2024 $2.783M ▲ $8.6M ▼ $5.411M ▲ $3.027M ▼
Q3-2024 $598.031K $10.56M $4.991M $5.407M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.912M ▼ $-2.022M ▼ $-207.987K ▲ $7.529M ▲ $5.08M ▲ $-2.593M ▼
Q2-2025 $-1.712M ▲ $-556.076K ▲ $-238.712K ▼ $269 ▼ $-845.598K ▲ $-794.788K ▲
Q1-2025 $-2.157M ▲ $-1.54M ▲ $-230.298K ▼ $125.833K ▼ $-1.646M ▼ $-1.771M ▲
Q4-2024 $-6.012M ▼ $-2.736M ▼ $-219.965K ▲ $5.117M ▲ $2.185M ▲ $-2.956M ▼
Q3-2024 $683.524K $-2.426M $-323.62K $2.741M $-61.502K $-2.65M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
License Fees Over Time
License Fees Over Time
 $0 ▲$0 ▲$0 ▲$0 ▲
Professional Services Over Time
Professional Services Over Time
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement T Stamp looks like a very early‑stage, mostly pre‑revenue business. Reported sales are close to zero and the company has posted ongoing losses each year. In plain terms, the business is still spending meaningfully more on operating costs and development than it is bringing in from customers. The reverse stock splits over time also make the loss per share figures look extreme, but the core story is simple: the technology is being built and commercialized, but it has not yet translated into meaningful, profitable revenue.

Balance Sheet

Balance Sheet The balance sheet appears very thin. The company reports only a small base of assets and essentially no cash buffer, with no material debt but also very little reported equity. This combination suggests a financially fragile position: there is not much leverage risk, but there also is not much balance‑sheet cushion to absorb continued losses or delays in commercialization. The business likely depends on external funding, careful cost control, or a step‑change in revenue to strengthen its financial footing.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, and free cash flow is also negative, indicating that the business is consuming cash rather than generating it. There is no sign yet of self‑funding growth. In practical terms, the company is in “investment mode,” paying for product development, staff, and go‑to‑market efforts without enough incoming cash from customers to cover those outlays. This creates ongoing reliance on new capital or cost reductions and can limit flexibility if market or funding conditions turn less favorable.

Competitive Edge

Competitive Edge On the strategic side, T Stamp is positioned in a promising niche: privacy‑centric, AI‑driven digital identity and biometrics. Its tokenization approach (irreversible identity tokens) and “privacy by design” architecture directly address rising regulatory and consumer concerns about data misuse. The patent portfolio, a long‑running agreement with a large financial‑services client, and a collaboration with a major chipmaker point to genuine technology depth and some early enterprise validation. At the same time, digital identity and biometric security are crowded spaces with large, well‑funded competitors, and T Stamp remains very small, so its key challenge is turning technical differentiation and partnerships into broad commercial adoption and recurring revenue.

Innovation and R&D

Innovation and R&D Innovation is clearly the company’s strongest area. T Stamp has developed a suite of patented technologies around irreversible biometric tokenization and “biometrically bound” credentials, including products for age verification and a planned biometrically secured crypto wallet. Its focus on privacy, interoperability, and regulatory alignment (for example with stablecoin and online safety rules) gives it a distinctive angle versus more conventional biometric providers. The flip side is that heavy emphasis on R&D and new product launches adds execution risk: the company still needs to prove that these sophisticated solutions can win large contracts, achieve stable usage, and justify the ongoing investment required to stay ahead technologically.

Summary

Overall, T Stamp combines a highly innovative, privacy‑focused identity platform with a very early‑stage and financially fragile operating profile. The company appears rich in ideas, patents, and potential applications—from age verification to regulated digital assets—but so far poor in revenue, profits, and cash generation. The key uncertainties revolve around how quickly it can secure sizable, repeatable commercial deals, whether it can manage cash burn while doing so, and how effectively it can compete against much larger identity and security players. Progress on customer adoption, regulatory approvals, and the roll‑out of its flagship products will likely be the main drivers of how its story evolves from here.

NEWS

November 20, 2025 · 9:35 AM UTC

Trust Stamp selected for Trust Village 2026 Programme in Switzerland

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November 17, 2025 · 9:30 AM UTC

Trust Stamp seeks SEC and MiCAR confirmations for its Stablecoin Wallet of Wallets

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November 14, 2025 · 4:01 PM UTC

Trust Stamp announced filing its 10-Q for Q3-2025 reflecting 71% and 41% increases in Net Recognized Revenue compared to the corresponding three and nine month periods in 2024, and a 17% and 19% decrease in Total Operating Expenses compared to the same periods, with strong growth in customer enrollments and user completions

Read more

November 3, 2025 · 9:15 AM UTC

Trust Stamp announces a Wallet of Wallets as a component of its new Cryptocurrency and Asset Tokenization Initiative

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October 31, 2025 · 2:30 PM UTC

Trust Stamp Enters into $4.3 Million Warrant Inducement Transaction

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