Intellicheck (IDN) Investor presentation summary

Business overview and product differentiation

• Provides a SaaS-based identity validation and proofing service using proprietary DMV-issued ID analysis for real-time verification.

• Leverages over 25 years of DMV partnerships, mastering 250+ unique barcode formats and processing about 100 million identity checks annually.

• Platform integrates seamlessly with existing hardware and workflows, requiring no new costly equipment.

• Recognized for high accuracy, instant results, and full automation, with endorsements from major financial and government entities.

Financial performance and highlights

• Achieved record Q4 2025 revenue of $6.6M, a 12% increase year-over-year, and full-year revenue of $22.7M.

• Operating expenses decreased by 7% to $4.6M in Q4, with gross margin remaining strong at over 90%.

• Net income improved to $1.6M in Q4 and $1.3M for the year, with adjusted EBITDA reaching $2.6M.

• Achieved first full year of operating profitability in 2025, with a 42% cumulative revenue growth over four years.

• Maintains a solid balance sheet with $9.7M in cash and no debt as of year-end 2025.

Market opportunity and growth drivers

• U.S. fraud losses reached $27B in 2024, with 15 million people impacted and 1.5B+ global data breach victims.

• 29% of identity fraud attributed to new account creation; 79% of auto dealerships experienced identity fraud losses.

• Expanded into new verticals including title insurance, cargo freight, background checks, and lease-to-own/BNPL.

• Key partnerships with major banks, banking software providers, and title insurance companies are driving growth.

• Positive net revenue retention of 111% in 2025, with renewed focus on sales and marketing.