Intellicheck (IDN) Investor presentation summary

Business overview and value proposition

• Provides SaaS-based identity validation using proprietary DMV-issued ID analysis for real-time verification.

• Platform leverages unique access to authoritative barcode data, enabling instant, automated, and highly accurate identity proofing.

• Trusted by major financial institutions, law enforcement, and government agencies.

• Processes about 100 million identity checks annually, creating a significant data advantage.

• 25+ years of DMV partnerships and 250+ unique barcode formats mastered, creating a strong competitive moat.

Financial performance and highlights

• Achieved record Q1 2026 revenue of $5.5M, up 13% year-over-year, with gross margin at 91%.

• Q1 2026 net income reached $636,000 and adjusted EBITDA $935,000, both quarterly records.

• 2025 full-year revenue was $22.7M, with net income of $1.27M and adjusted EBITDA of $2.57M.

• First full year of operating profitability in 2025, with a 42% cumulative revenue growth over four years.

• Maintains a solid balance sheet with $10.1M cash and no debt as of March 2026.

Market opportunity and growth drivers

• U.S. fraud losses reached $27B in 2024, with 15 million people impacted and 1.5B+ global data breach victims.

• 29% of identity fraud in 2024 attributed to new account creation; 79% of auto dealerships experienced identity fraud losses.

• Expanding into new verticals: title insurance, cargo freight, background checks, and BNPL.

• Partnerships with major banks, credit card issuers, and banking software providers like Alloy are driving growth.

• Lease-to-own and BNPL sectors show significant year-over-year growth and new client wins.