T Stamp (IDAI) Q4 2025 earnings summary

Executive summary

• Achieved strong growth in customer enrollments and user completions, with a 33.6% year-on-year decrease in comprehensive operating loss for the year ended December 31, 2025.

• Onboarded 100 financial institutions with over $350 billion in assets via FIS, totaling 114 customers either fully implemented or in progress for the Orchestration Layer.

• Transaction starts for FIS-related institutions increased 247% and customer completion rates rose by over 30% year-over-year.

Financial highlights

• Net recognized revenue for 2025 was $3.14 million, up 2% from $3.08 million in 2024, driven by an S&P 500 bank contract amendment.

• Total operating expenses decreased 13% to $10.80 million from $12.45 million year-over-year.

• Basic and diluted net loss per share improved to $2.67 from $11.36 year-over-year.

• Cash and cash equivalents stood at $6.04 million as of December 31, 2025.

Outlook and guidance

• Revenue growth was below original projections due to delays in customer implementation for the QID contract, but resources were redirected to product development and onboarding.

• The S&P 500 bank contract amendment extends through May 31, 2031, with a minimum gross revenue exceeding $12.7 million over the term.