authID (AUID) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked a strategic inflection point with deliberate cost reductions, strengthened balance sheet, and expansion of the enterprise pipeline, including new partnerships in the Microsoft ecosystem.

• Revenue for Q1 2026 was $480,151, up from $296,256 in Q1 2025, driven by new and existing enterprise customers.

• Net loss for Q1 2026 was $4.5 million ($0.28/share), compared to $4.34 million ($0.40/share) a year ago.

• The company faces substantial doubt about its ability to continue as a going concern without additional financing.

• In April 2026, $4.2 million in bridge financing was secured to extend the operational runway and support ongoing enterprise engagements.

Financial highlights

• Q1 2026 revenue increased 62% year-over-year to $480,151, with ARR rising to $1.9 million from $1.2 million.

• Operating expenses were $5.0 million, mainly due to higher stock-based compensation.

• Adjusted EBITDA loss improved to $3.4 million from $3.9 million in Q1 2025.

• Cash used in operations was $3.4 million, down from $5.4 million in Q1 2025; cash on hand at quarter-end was $1.2 million.

• Net loss per share improved to $0.28 from $0.40 year-over-year, with weighted average shares outstanding rising to 16.1 million.

Outlook and guidance

• The company expects significant operating expense reductions from Q2 2026 onward, with $3.5 million in annualized savings.

• Management expects approximately 71% of RPO to be recognized as revenue over the next twelve months.

• Strategic actions and new partnerships are expected to enable cash flow sustainability and long-term financial independence.

• The company plans to raise additional funds as needed to support operations and investments, with no assurance of achieving profitability or positive cash flow in the near term.

• Anticipates RPO growth in the second half of 2026 as proof of concept tests convert to enterprise deals.