Trust Stamp filed its Q1 10-Q for the three months ended March 31, 2026 reflecting 39% increase in net recognized revenue with continued customer and pipeline growth
Rhea-AI Summary
Trust Stamp (Nasdaq: IDAI) filed its Q1 2026 10-Q for the three months ended March 31, 2026. Net recognized revenue was $757K, up 39% from $545K, mainly from an S&P 500 bank contract amendment adding $236K.
Operating expenses rose to $3.03M from $2.71M, reflecting Lexverify acquisition costs, Wallet of Wallets (WoWTM) development, RSU timing, and higher cost of sales. Comprehensive loss was $2.23M versus $2.16M, while loss per share narrowed to $0.42 from $0.89. Cash was $3.89M and current assets $5.34M.
Positive
- Net recognized revenue $757K in Q1 2026, up 39% year over year
- S&P 500 bank contract amendment contributed additional $236K recognized revenue
- Basic and diluted net loss per share improved to $0.42 from $0.89
- Cash balance of $3.89M and total current assets of $5.34M at March 31, 2026
- Company reports continued growth in customer base and revenue pipeline
Negative
- Total operating expenses increased to $3.03M from $2.71M, up $318K year over year
- Comprehensive loss widened to $2.23M from $2.16M, a 3.4% increase
- One-time Lexverify acquisition and WoWTM development costs add to near-term expense burden
News Market Reaction – IDAI
In the May 15 session, IDAI declined 7.36%, reflecting a notable negative market reaction. Argus tracked a trough of -8.2% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 23 | Strategic partnership | Positive | -1.0% | Commercial agreement to deploy decentralized identity solutions in Japan and region. |
| Mar 31 | Annual 10-K filing | Positive | +7.5% | 2025 10-K showed modest revenue growth, lower expenses, and narrower comprehensive loss. |
| Mar 31 | Business update | Positive | +7.5% | Q1 2026 briefing reported wins across telecom, finance, healthcare, and government. |
| Mar 10 | M&A transactions | Positive | -3.5% | Closed Lexverify acquisition and 50% CyberFish stake to expand AI solutions. |
| Feb 23 | New customer contract | Positive | +7.1% | Contract to provide DMV data verification via AAMVA DLDV for high-volume identity checks. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news with clear commercial or financial progress often aligned with positive price moves, but strategic/M&A and partnership updates have occasionally seen negative reactions.
Over the past few months, Trust Stamp has reported multiple growth-oriented developments. A 10-K on Mar 31, 2026 showed higher net revenue and lower operating expenses, and a Q1 2026 business briefing the same day highlighted broad commercial progress across verticals and geographies. Earlier, the company closed two strategic M&A deals and signed a partnership to expand decentralized identity solutions in Japan. A February 2026 contract with IDetect added a government-backed data layer. Today’s Q1 2026 10-Q builds on those trends with higher revenue but continued losses and rising expenses.
Key Terms
10-q regulatory
comprehensive loss financial
rsu financial
stablecoin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Atlanta, GA, May 14, 2026 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) announced that:
- It filed its Q1 10-Q report for the three months ended March 31, 2026 after the Nasdaq market closed on May 14, 2026.
- Net recognised revenue for the three months ended March 31, 2026 was
$757 thousand , an increase of39% from$545 thousand for the corresponding period in 2025. The increase was primarily attributable to the S&P 500 bank customer contract amendment in 2025 which increased recognized revenue by$236 thousand when compared to the corresponding period in 2025. Notably, recognized revenue did not include services delivered in Q1 to the company’s newest customers which will result in billable revenue in Q2 and beyond. - Total Operating Expenses were
$3.03 million for the three months ended March 31, 2026, compared to$2.71 million for the corresponding period in 2025, for an increase of$318 thousand . A portion of the increase includes one-time acquisition expenses related to Lexverify, development expenses related to the Wallet of Wallets (WoWTM) and timing differences in recognition of RSU expenses, as well as an increased cost of sales associated with the increase in recognized revenue. - Comprehensive Loss for the three months ended March 31, 2026 was
$2.23 million compared to$2.16 million for the three months ended March 31, 2025 representing a3.4% increase year on year. Basic and diluted net loss per share were$0.42 per share for the three months ended March 31, 2026, compared to$0.89 per share for the corresponding period in 2025. - Cash and Cash Equivalents as of March 31, 2026 were
$3.89 million which, with receivables and prepaid expenses, resulted in Total Current Assets of$5.34 million .
Gareth N. Genner, Chief Executive Officer of the Company commented, “The increase in recognized revenue in Q1 reflects a high level of continued performance on our historic engagements in parallel to our work with two new major clients that we anticipate will result in significant billable revenue in Q2 and beyond. Our pipeline of substantial revenue prospects has continued to grow and mature and we are seeing significant interest in our WoWTM which will launch once there is resolution of the continuing legislative uncertainties regarding stablecoin governance.”
Trust Stamp Email: Shareholders@truststamp.ai
About Trust Stamp
Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.
With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).
Safe Harbor Statement: Caution Concerning Forward-Looking Remarks
All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.
