T Stamp (IDAI) Q2 2026 earnings summary

Executive summary

• Net revenue for Q2 2026 increased 10.7% year-over-year to $900K, and H1 2026 revenue rose 22% to $1.66M, driven by growth from an S&P 500 bank and new African telecom customers.

• Operating loss widened 42.5% to $2.4M for Q2 2026, with H1 2026 net loss at $4.93M, reflecting higher R&D and SG&A expenses.

• The company completed the acquisition of Lexverify Ltd. and a 50% stake in CyberFish, expanding AI and cybersecurity capabilities.

• Selected for the EU's IPCEI Advanced Semiconductor Technologies program and launched the Sovereign Technology Centre in Malta to address technology sovereignty needs.

• Issued a $5M secured promissory note in June 2026 to support liquidity.

Financial highlights

• Q2 2026 net revenue: $900K (up 10.7% YoY); H1 2026 revenue: $1.66M (up 22% YoY).

• Q2 2026 operating loss: $2.4M; H1 2026 operating loss: $4.67M.

• Net loss for Q2 2026: $2.69M; H1 2026 net loss: $4.93M.

• Adjusted EBITDA loss for Q2 2026: $2.12M; H1 2026 Adjusted EBITDA loss: $3.75M.

• Cash and cash equivalents at June 30, 2026: $6.31M.

Outlook and guidance

• Management anticipates the need to raise additional capital within 12 months to fund operations unless significant new revenue is secured.

• Sales pipeline for 2026 and 2027 identified at $42.40M, with $9.48M likely to convert.

• Revenue growth expected from expanded engagements with key customers and new market opportunities in Africa, the UK, and APAC.

• Expects continued growth in demand for sovereign AI solutions, particularly in Europe and Africa.