T Stamp (IDAI) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 increased 39% year-over-year to $757K, driven by expanded contracts, a major S&P 500 bank contract amendment, and new international clients.

• Operating loss rose 4.9% to $2.27M, with comprehensive loss up 3.4% to $2.23M, as higher R&D and SG&A expenses offset revenue growth.

• Net loss per share improved to $0.42 from $0.89 year-over-year.

• The company completed the acquisition of Lexverify Ltd. and a 50% stake in Cyberfish CyberPsychology Solutions Ltd., expanding AI, compliance, and cybersecurity capabilities.

• Cash and cash equivalents stood at $3.89M as of March 31, 2026.

Financial highlights

• Net revenue: $757K for Q1 2026, up from $545K in Q1 2025.

• Operating expenses increased to $3.03M, up 11.7% year-over-year, reflecting acquisition and development costs.

• Net loss attributable to shareholders: $2.23M, or $(0.42) per share, compared to $2.16M, or $(0.89) per share, in Q1 2025.

• Adjusted EBITDA loss improved to $1.80M from $1.92M year-over-year.

• Cash used in operating activities: $1.86M for Q1 2026, up 20.6% from prior year.

Outlook and guidance

• Management anticipates the need to raise additional capital within the next 12 months unless significant new revenue is secured.

• Significant billable revenue is expected in Q2 and beyond from new major clients, with a growing pipeline and strong interest in the Wallet of Wallets (WOW™) product, pending legislative clarity on stablecoin governance.

• Ongoing negotiations for new revenue streams are advanced but not yet finalized.

• Strategic focus remains on expanding AI-powered solutions, international markets, and new verticals such as healthcare and cryptocurrency.