authID Inc.

Listed Company

AUIDCIK 0001534154NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.00M

Net Income

$-17.90M

Total Assets

$9.98M

Equity

$8.62M

Shares Out

16.13M

Op. Cash Flow

$-15.00M

Business

authID Inc. provides a patented, cloud-based biometric identity platform that verifies and authenticates users to prevent account takeover and enable secure, passwordless access. The company offers biometric identity verification (Proof), biometric identity authentication (Verified), PrivacyKey privacy-preserving biometrics, and account/access recovery services. Its business is organized around these core identity services and related software products and integrations, with discontinued legacy payments and card manufacturing operations presented as disposed. authID distributes its platform globally through direct sales, reseller partners, and cloud integrations, supporting any camera-enabled device.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	3	886,485	—	—	—
Discounts and concessions	−884,182	—	—	—	—
Revenues, net	2	886,485	190,289	527,415	613,516
General and administrative	12	9	8	15	13
Research and development	8	6	3	6	3
Amortization	88,428	179,075	255,858	749,900	1
Total operating expenses	20	16	11	23	18
Loss from operations	−18	−15	−11	−22	−17
Interest income	236,134	455,227	98,230	—	—
Interest expense, net	−15,494	−48,930	−1	—	—
Other income, net	220,640	406,297	−9	—	—
Loss from operations before income taxes	−18	−14	−20	−24	−17
Income tax expense	—	—	−2,864	−7,670	−10,746
Loss from operations	−18	−14	−20	−24	−17
Net loss	−18	−14	−19	−24	−18
Net Loss Per Share - Basic (in Dollars per share)	−1.38	−1.4	−3.19	−7.72	—
Net Loss Per Share - Diluted (in Dollars per share)	−1.38	−1.4	−3.19	−7.72	−0.78
Weighted Average Shares Outstanding - Basic (in Shares)	13	10	6	3	21
Weighted Average Shares Outstanding - Diluted (in Shares)	13	10	6	3	21

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	5	8	10	3	6
Accounts receivable	238,800	97,897	91,277	261,809	26,846
Contract assets	9,362	426,859	—	—	—
Deferred contract costs	199,380	617,918	157,300	—	—
Other current assets	595,692	460,192	476,004	729,342	502,721
Total current assets	6	10	11	4	7
Intangible assets, net	147,391	213,718	327,001	566,259	—
Goodwill	4	4	4	4	4
Total assets	10	14	15	9	14
Accounts payable and accrued expenses	876,168	2	1	1	2
Commission liability	4,934	459,657	124,150	—	—
Severance liability	—	325,000	—	—	—
Convertible debt, net	—	240,884	—	—	662,000
Deferred revenue	477,058	215,237	131,628	—	—
Total current liabilities	1	3	2	1	3
Total liabilities	1	3	2	9	3
Commitments and Contingencies (Note 9)	—	—	—	—	—
Common stock, $0.0001 par value, 150,000,000 and 250,000,000 shares authorized as of December 31, 2025 and 2024, respectively; 16,132,487 and 10,920,909 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1,613	1,092	945	318	2,329
Additional paid in capital	200	185	173	140	127
Accumulated deficit	−192	−174	−160	−140	−116
Accumulated comprehensive income	10,052	10,118	12,624	155,929	211,486
Total stockholders equity	9	12	13	283,536	11
Total liabilities and stockholders equity	10	14	15	9	14

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	3	3	487,398	9	7
Amortization of debt discounts and issuance costs	4,116	16,460	711,269	595,783	237,435
Non-cash settlement expense	206,000	—	387,578	—	—
Amortization expense	88,428	179,075	255,858	749,900	1
Provision for doubtful accounts	−149,720	149,720	—	—	—
Accounts receivable	8,817	−156,340	170,532	−234,962	−92,905
Contract assets	417,497	−426,859	—	—	—
Deferred contract cost	418,538	−460,618	—	—	—
Other current assets	−135,500	15,812	88,068	167,877	−188,846
Accounts payable and accrued expenses	−1	306,445	245,932	—	544,481
Commission liability	−454,723	335,507	124,150	—	—
Deferred revenue	261,821	83,609	50,310	—	—
Net cash flows from operating activities	−15	−12	−8	−13	−9
Purchase of intangible assets	−22,101	−65,792	−16,600	−6,311	−26,705
Net cash flows from investing activities	−22,101	−65,792	75,151	−182,274	−116,741
Proceeds from sale of common stock	14	11	15	3	10
Offering costs from sale of common stock	−3	−1	—	—	—
Repayment of convertible note	−245,000	—	—	−662,000	—
Net cash flows from financing activities	11	10	15	10	11
Effect of Foreign Currencies	−66	−2,506	−149,736	−53,123	64,168
Net Change in Cash	−4	−2	7	−3	2
Cash paid for interest	10,370	32,470	2,864	7,670	22,552
Warrants issued as offering costs	2	877,392	—	—	—
Cashless option and warrant exercises	438,000	79,556	—	4	76

Filings

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