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IDN

Intellicheck, Inc.

IDN

Intellicheck, Inc. • NASDAQ
$6.33 ▲ 4.11% (+0.25)
Market Cap $127.90 M
52w High $7.48
52w Low $2.17
Dividend Yield 0%
P/E 633
Volume 86.22K
Outstanding Shares 20.20M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.014M ▲ $5.205M ▲ $290K ▲ 4.822% ▲ $0.01 ▲ $478K ▲
Q2-2025 $5.123M ▲ $4.898M ▲ $-251K ▲ -4.899% ▲ $-0.013 ▲ $-127K ▲
Q1-2025 $4.894M ▼ $4.74M ▼ $-318K ▼ -6.498% ▼ $-0.016 ▼ $-164K ▼
Q4-2024 $5.937M ▲ $4.943M ▼ $488K ▲ 8.22% ▲ $0.025 ▲ $627K ▲
Q3-2024 $4.709M $5.195M $-837K -17.774% $-0.043 $-780K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $7.223M ▼ $25.257M ▲ $6.35M ▲ $18.907M ▲
Q2-2025 $8.573M ▲ $23.066M ▼ $5.061M ▼ $18.005M ▲
Q1-2025 $5.148M ▲ $24.561M ▲ $6.953M ▲ $17.608M ▼
Q4-2024 $4.666M ▼ $20.933M ▲ $3.186M ▼ $17.747M ▲
Q3-2024 $5.747M $20.682M $3.947M $16.735M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $290K ▲ $-1.737M ▼ $-22K ▲ $409K ▲ $-1.35M ▼ $-1.759M ▼
Q2-2025 $-251K ▲ $3.134M ▲ $-59K ▲ $350K ▲ $3.425M ▲ $3.121M ▲
Q1-2025 $-318K ▼ $750K ▲ $-173K ▲ $-95K ▼ $482K ▲ $741K ▲
Q4-2024 $488K ▲ $-1.321M ▼ $-225K ▲ $465K ▲ $-1.081M ▲ $-1.331M ▼
Q3-2024 $-837K $-1.061M $-472K $20K $-1.513M $300K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Equipment
Equipment
 $0 ▲$0 ▲$0 ▲$0 ▲
Other
Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Software As A Service
Software As A Service
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Intellicheck’s revenue has been fairly steady over the past several years, which suggests a stable but still relatively small business. Profitability has been improving, with losses shrinking over time, helped by disciplined cost control and a scalable software model. That said, the company is not yet clearly demonstrating strong, consistent profits, so its path to durable, self‑funded growth is still a work in progress.

Balance Sheet

Balance Sheet The balance sheet is simple and lean. Intellicheck carries no debt, which removes refinancing risk and interest burdens. Assets and equity are modest but relatively steady, reflecting a small, asset‑light software company. Cash levels are not large, so while the balance sheet looks clean, the financial cushion is limited and leaves less room for major setbacks or aggressive investment without outside funding.

Cash Flow

Cash Flow Cash flow appears close to breakeven, with operating and free cash flow hovering around neutral and very little spending on physical assets. This fits an asset‑light SaaS business model, where most spending is on people and software rather than equipment. The positive angle is that the company doesn’t need heavy capital investment to grow; the risk is that it has not yet shown strong, sustained cash generation to build up its cash reserves.

Competitive Edge

Competitive Edge Intellicheck occupies a focused niche in identity verification, particularly around government‑issued IDs in North America. Its long‑standing relationship with the main driver’s license standards body and its specialized barcode‑based approach create a meaningful barrier to entry, especially in high‑risk areas like banking, retail, and law enforcement. The brand has built trust over decades, and the software integrates easily into client systems, which helps keep customers. However, the broader identity and fraud‑prevention market is crowded with larger, well‑funded competitors, so maintaining this edge will require ongoing product strength and customer satisfaction, not just past relationships.

Innovation and R&D

Innovation and R&D The company’s technology focus is clear: highly accurate ID barcode analysis, combined with facial recognition, liveness checks, and analytics. Its move toward a more advanced “Platform 2.0” and support for both physical and digital documents globally shows an intent to stay ahead of evolving fraud methods and international requirements. Partnerships, such as integrations with major digital identity providers, extend reach without heavy internal build‑out. The opportunity is to ride the growing demand for secure, seamless identity checks; the risk is that this space evolves quickly, so Intellicheck must continually invest to keep its tech both best‑in‑class and easy to use across many industries and devices.

Summary

Intellicheck is a small, specialized identity verification provider with a clean, debt‑free balance sheet and stable, subscription‑like revenue. Losses have narrowed, and cash usage is modest, but the company has not yet demonstrated robust, consistent profitability or large cash cushions. Its main strength lies in its niche expertise, deep regulatory relationships, and high‑accuracy technology, which together create a meaningful competitive moat in certain segments of the identity market. At the same time, it operates in a fast‑moving, highly competitive field dominated by larger players. The story here is one of a focused, technically strong company working to scale its platform, secure more multi‑year contracts, and translate its technological edge into durable, profitable growth, with execution and continued innovation as key variables to watch.

NEWS

November 12, 2025 · 4:05 PM UTC

Intellicheck Announces Record Third Quarter 2025 Financial Results

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November 7, 2025 · 11:30 AM UTC

Intellicheck To Announce Third Quarter 2025 Financial Results on November 12, 2025

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September 30, 2025 · 1:30 PM UTC

Intellicheck Named a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment

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