I
Intellicheck, Inc.
IDNCIK 0001040896NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31
Period
FY 2025
Revenue
$22.67M
Net Income
$1.27M
Total Assets
$24.48M
Equity
$20.70M
Shares Out
20.24M
Op. Cash Flow
$4.54M
Business
Intellicheck, Inc. delivers on-demand digital identity validation solutions for KYC, fraud prevention, age verification and access control. It offers cloud-based software-as-a-service identity products including the Intellicheck Service (IDN-Mobile, IDN-Portal, IDN-Direct, IDN-Capture), biometric facial-matching, risk scoring and device-integrated parsers, plus instant credit kiosk applications and support for various data collection devices. The company organizes its operations around Identity Systems for commercial, retail, financial and government customers. Its solutions serve North American markets and are distributed via direct sales, resellers, licensing partners and cloud-based APIs/SDKs.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | 23 | 20 | 19 | 16 | 16 | |
| COST OF REVENUES | −2 | −2 | −1 | −1 | −4 | |
| Gross profit | 21 | 18 | 18 | 15 | 13 | |
| Selling, general and administrative | 14 | 15 | 15 | 13 | 15 | |
| Research and development | 5 | 4 | 5 | 6 | 5 | |
| Total operating expenses | 19 | 19 | 20 | 19 | 20 | |
| Income (loss) from operations | 1 | −1 | −2 | −4 | −7 | |
| Other income, net | 245,000 | 283,000 | — | — | — | |
| Total other income, net | 245,000 | 283,000 | 234,000 | −5,000 | 15,000 | |
| Net income (loss) before provision for income taxes | 1 | −885,000 | −2 | −4 | −7 | |
| Provision for income taxes | 58,000 | 33,000 | −62,000 | 124,000 | 0 | |
| Net loss | 1 | −918,000 | −2 | −4 | −7 | |
| Basic (in dollars per share) | 0.07 | −0.05 | −0.1 | −0.22 | −0.4 | |
| Diluted (in dollars per share) | 0.06 | −0.05 | −0.1 | −0.22 | −0.4 | |
| Basic (in shares) | 20 | 19 | 19 | 19 | 19 | |
| Diluted (in shares) | 20 | 19 | 19 | 19 | 19 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2023 2023-09-30 | FY 2023 2023-06-30 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 10 | 5 | 4 | — | — | |
| Accounts receivable, net of allowance for credit losses of $157 and $100 as of December 31, 2025 and 2024, respectively | 3 | 5 | 5 | — | — | |
| Other current assets | 892,000 | 571,000 | 692,000 | — | — | |
| Total current assets | 14 | 10 | 14 | — | — | |
| PROPERTY AND EQUIPMENT, NET | 394,000 | 536,000 | 666,000 | — | — | |
| GOODWILL | 8 | 8 | 8 | — | — | |
| INTANGIBLE ASSETS, NET | 2 | 2 | 575,000 | — | — | |
| OTHER ASSETS | 1,000 | 9,000 | 90,000 | — | — | |
| Total assets | 24 | 21 | 24 | — | — | |
| Accounts payable | 226,000 | 443,000 | 884,000 | — | — | |
| Accrued expenses | 2 | 2 | 3 | 3 | 3 | |
| Deferred revenue | 2 | 1 | 2 | — | — | |
| Total current liabilities | 4 | 3 | 7 | — | — | |
| Total liabilities | 4 | 3 | 7 | — | — | |
| COMMITMENTS AND CONTINGENCIES (Note 10) | — | — | — | — | — | |
| Preferred stock $0.01 par value; 30,000 shares authorized; Series A convertible preferred stock, zero shares issued and outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | — | — | |
| Common stock $0.001 par value; 40,000,000 shares authorized; 20,225,323 and 19,782,311 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 20,000 | 19,000 | 19,000 | — | — | |
| Additional paid-in capital | 154 | 152 | 151 | — | — | |
| Accumulated deficit | −133 | −134 | −134 | −135 | −134 | |
| Total stockholders equity | 21 | 18 | 17 | 16 | 16 | |
| Total liabilities and stockholders equity | 24 | 21 | 24 | — | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | 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 | 703,000 | 436,000 | 282,000 | 285,000 | 169,000 | |
| Stock-based compensation | 777,000 | 876,000 | 2 | 2 | 6 | |
| Credit loss expense | 145,000 | 248,000 | 49,000 | 17,000 | 0 | |
| Decrease (increase) in accounts receivable | 1 | −219,000 | −2 | −462,000 | −72,000 | |
| (Increase) decrease in other current assets | −130,000 | 121,000 | −84,000 | 34,000 | −302,000 | |
| Decrease in other assets | 8,000 | 82,000 | −82,000 | 0 | −4,000 | |
| (Decrease) in accounts payable and accrued expenses | −61,000 | −2 | 616,000 | −260,000 | 2 | |
| Increase (decrease) in deferred revenue | 661,000 | −1 | 1 | −367,000 | 862,000 | |
| (Decrease) in liability for shares surrendered | 0 | −190,000 | 0 | — | — | |
| Increase in other current liabilities | 0 | 25,000 | −25,000 | −1 | — | |
| Net cash provided by (used in) operating activities | 5 | −3 | −647,000 | −3 | 1 | |
| Purchase of property and equipment | −52,000 | −57,000 | −93,000 | −192,000 | — | |
| Proceeds from maturity of short-term investments | 0 | 5 | 5 | 0 | — | |
| Software development costs | −213,000 | −2 | −407,000 | 0 | — | |
| Net cash (used in) provided by investing activities | −265,000 | 3 | −414,000 | −5 | −662,000 | |
| Proceeds from exercises of stock options | 898,000 | 307,000 | 0 | 0 | 47,000 | |
| Proceeds from financing arrangement | 0 | 320,000 | 49,000 | 319,000 | 0 | |
| Repayment of financing arrangement | −190,000 | −142,000 | −147,000 | −222,000 | 0 | |
| Net cash provided by financing activities | 708,000 | 485,000 | −155,000 | 97,000 | 76,000 | |
| Net increase in cash | 5 | 686,000 | −1 | −8 | 530,000 | |
| Cash paid for interest | 4,000 | 9,000 | 2,000 | 5,000 | 0 | |
| Cash paid for income taxes | 33,000 | 0 | 80,000 | 31,000 | 0 |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro