T Stamp Inc

Listed Company

IDAICIK 0001718939NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.14M

Net Income

$-8.33M

Total Assets

$11.24M

Equity

$8.73M

Shares Out

5.29M

Op. Cash Flow

$-5.69M

Business

T Stamp Inc develops and markets identity authentication software and AI-enabled identity solutions for enterprise, government, and peer-to-peer markets. It offers AI-powered biometric authentication, liveness detection, tokenized identity (IT2), hashing/matching, orchestration-layer SaaS, tamper-resistant authentication bands, and related tools such as Shape Overlay and Stable Key. The company operates through licensing, SaaS (Orchestration Layer), R&D subsidiaries and channel partnerships, and delivers customized integrations and low-code/no-code deployments. It serves global markets including financial services, humanitarian and development programs, alternatives-to-detention, APAC and African initiatives via partnerships, licensors, and direct government/enterprise engagements.

Summary from filing dated 2025-03-31

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
Revenue	3	3	5	5	4
Cost of services (exclusive of depreciation and amortization shown separately below)	1	1	914,176	2	1
Research and development	2	2	2	2	3
Selling, general, and administrative	6	9	8	12	8
Depreciation and amortization	767,074	729,400	790,000	760,497	573,755
Total operating expenses	11	12	12	17	13
Operating loss	−8	−9	−8	−12	−9
Interest expense, net	−146,312	−509,784	−73,273	—	—
Change in fair value of warrant liability	3,574	1,497	5,033	113,125	−86,944
Other income	87,448	805,876	309,896	50,354	—
Other expense	−361,528	−2	−2,981	−118,196	−159,533
Total other income (expense), net	−416,818	−1	238,675	8,459	−167,914
Net loss before taxes and equity method investment	−8	−11	—	—	—
Income tax expense	−13,775	−7,806	13,485	−21,076	—
Net loss from equity method investment, related party	−75,030	0	—	—	—
Loss on extinguishment of debt	−159,035	0	—	—	—
Net Loss	−8	−11	−8	—	—
Deemed dividend	0	−2	0	—	—
Net loss before non-controlling interest	−8	−13	−8	−12	−9
Net loss attributable to non-controlling interest	0	0	0	0	−1,743
Net loss attributable to T Stamp Inc.	−8	−13	−8	−12	−9
Basic net loss per share attributable to T Stamp Inc. (in dollars per share)	−2.67	−11.36	−16.07	−2.55	−2.4
Diluted net loss per share attributable to T Stamp Inc. (in dollars per share)	−2.67	−11.36	−16.07	−2.55	−2.4
Weighted-average shares used to compute basic net loss per share (in shares)	3	1	475,171	5	4
Weighted-average shares used to compute diluted net loss per share (in shares)	3	1	475,171	5	4

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 and cash equivalents	6	3	3	1	3
Accounts receivable, net (includes related party receivables of $360,423 and $0 as of December 31, 2025 and December 31, 2024, respectively)	938,000	333,000	686,000	1	1
Note receivable, related party	0	1	0	—	—
Related party receivables	14,646	21,932	44,087	31,446	—
Prepaid expenses and other current assets	481,168	529,116	826,781	580,086	996,602
Total Current Assets	7	5	5	3	6
Capitalized internal-use software, net	2	2	1	1	1
Goodwill	1	1	1	1	1
Intangible assets, net	181,035	213,278	223,690	251,686	201,807
Property and equipment, net	58,211	31,675	56,436	300,664	111,768
Operating lease right-of-use assets	102,554	152,569	164,740	315,765	—
Investments (includes related party investment of $85,025 and $0 as of December 31, 2025 and December 31, 2024, respectively)	444,631	719,212	0	—	—
Other assets	22,242	17,794	29,468	2,066	178,140
Total Assets	11	9	8	6	9
Accounts payable	146,213	298,207	1	945,162	304,140
Related party payables	102,223	56,594	82,101	273,176	—
Accrued expenses	562,042	521,137	1	1	1
Deferred revenue	71,324	141,168	—	—	—
Income tax payable	13,783	7,806	1,975	21,076	—
Loan	0	3	—	—	—
Short-term operating lease liabilities	56,883	84,549	81,236	177,795	—
Total Current Liabilities	952,468	4	3	4	2
Warrant liabilities	251,465	255,039	256,536	261,569	374,694
Notes payable, plus accrued interest of $189,360 and $123,822, as of December 31, 2025 and 2024, respectively	1	951,727	953,877	886,465	856,258
Long-term operating lease liabilities	18,232	38,369	53,771	102,407	—
Total Liabilities	2	5	4	6	4
Commitments, Note 13	—	—	—	—	—
Common stock $0.01 par value, 50,000,000 shares authorized, 5,245,631 and 2,023,351 shares issued and outstanding at December 31, 2025 and 2024, respectively*	52,456	20,234	6,096	48,543	40,950
Additional paid-in capital	78	64	54	39	32
Accumulated other comprehensive income	11,254	181,148	139,670	237,252	183,900
Accumulated deficit	−70	−61	−51	−39	−27
Total T Stamp Inc. Stockholders Equity	9	3	4	463,705	5
Non-controlling interest	161,439	161,439	161,439	161,439	161,439
Total Stockholders Equity	9	3	4	625,144	5
Total Liabilities and Stockholders Equity	11	9	8	6	9

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
Depreciation and amortization	767,074	729,400	789,586	760,497	573,755
Amortization of debt discount	50,966	0	—	—	—
Stock-based compensation	970,997	1	763,288	2	3
Impairment on investment	359,606	0	—	—	—
Impairment on intangible assets	9,681	0	—	—	—
Impairment of capitalized internal-use software	6,572	27,590	—	—	—
Non-cash interest	111,298	486,420	90,250	16,458	12,252
Non-cash lease expense	138,646	155,765	—	—	—
Non-cash loss on extingusihment of debt	159,033	0	—	—	—
Non-cash write off of mobile hardware	0	−162,130	−15,775	0	—
Loss on retirement of equipment	0	10,941	−216,189	0	—
Loss on inducement agreements	0	360,307	0	—	—
Loss on termination of warrant agreement	0	1	0	—	—
Non-cash investment gain	0	−619,212	0	—	—
Accounts receivable	−646,719	353,396	322,048	269,911	−1
Note receivable, related party	900,000	−1	0	—	—
Related party receivables	2,072	22,155	−12,641	−17,798	857
Prepaid expenses and other current assets	29,802	428,813	−244,483	373,760	−537,607
Other assets	−165	11,674	−27,402	178,140	19,816
Accounts payable	−154,163	−933,911	260,523	630,492	−73,565
Accrued expense	27,111	−622,753	20,566	40,290	250,329
Related party payables	52,661	−25,507	−191,075	20,403	−195,532
Income tax payable	5,977	5,831	−19,101	21,076	—
Deferred revenue	−85,523	130,368	−2	1	34,328
Operating lease liabilities	−136,433	−154,281	−179,621	−258,892	—
Net cash flows used in operating activities	−6	−9	−8	−6	−7
Capitalized internally developed software costs	−772,185	−662,265	−630,111	−776,055	—
Patent application costs	−111,224	−129,740	−144,219	−174,655	−161,296
Purchases of property and equipment	−46,069	−14,666	−4,710	−30,842	−34,217
Investment	0	−100,000	0	—	—
Net cash flows used in investing activities	−929,478	−906,671	−401,680	−998,190	−768,353
Proceeds from common stock, prefunded warrants, and common stock warrants, net of fees	13	7	7	983,195	8
Principal payments on loans	−5	−1	0	—	−344,219
Proceeds from loans	2	4	0	—	—
Forfeited common stock shares to satisfy taxes	−19,386	−56,993	−78,901	0	—
Payment to terminate common stock warrant agreement	0	−2	0	—	—
Proceeds from exercise of warrants to common stock	0	2	3	3	150
Net cash flows from financing activities	10	9	10	5	9
Effect of foreign currency translation on cash	−20,702	−23,355	−72,931	13,181	—
Net change in cash and cash equivalents	3	−357,426	2	−2	2
Cash paid during the period for interest	70,279	180,562	580	8	30,215
Debt discount in connection with loan payable	210,000	0	—	—	—
Non-cash contributions to equity method investment	160,000	0	—	—	—
Adjustment to operating lease right-of-use assets related to renewed leases	89,791	143,594	82,185	259,292	—
Adjustment to operating lease operating lease liabilities related to renewed leases	88,629	142,192	83,298	236,521	—
Adjustment to financing activities for deemed dividend related to inducement transactions	0	2	0	—	—
Equity issued for professional services	0	150,000	0	—	—

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