Trust Stamp files its 2025 Q2 10-Q and announced continued growth in OL Platform Registrations and a Key Performance Metric

Rhea-AI Summary

Trust Stamp (NASDAQ: IDAI) has filed its Q2 2025 10-Q report, showcasing significant growth and improved financial metrics. The company reported Q2 2025 revenue of $0.81 million, up 62% year-over-year, with an additional $0.29 million in deferred revenue. Net loss decreased by 34% to $1.71 million in Q2.

Operating expenses showed notable improvement, declining 20% to $2.50 million for Q2 2025. The company has successfully onboarded 92 financial institutions with over $348 billion in assets through FIS, bringing total Orchestration Layer customers to 105. Transaction starts for FIS-related institutions increased by 247% over the six months ending June 2025, with completion rates up by over 30%.

Positive

• Revenue increased 62% YoY to $0.81 million in Q2 2025
• Net loss reduced by 34% to $1.71 million in Q2 2025
• Operating expenses decreased by 20% to $2.50 million in Q2 2025
• Onboarded 92 financial institutions with $348 billion in assets
• Transaction starts for FIS-related institutions grew 247%
• Customer completion rates improved by over 30%

Negative

• Revenue undershot prior projections due to QID services contract implementation delays
• Still operating at a significant net loss of $1.71 million in Q2 2025
• Deferred revenue recognition of $0.40 million impacts current financial statements

Insights

Financial Analyst

Trust Stamp shows 62% quarterly revenue growth with narrowing losses, while building impressive traction with financial institutions using their identity platform.

Trust Stamp's Q2 2025 results demonstrate meaningful financial improvement alongside strong business development. The company achieved $0.81 million in quarterly revenue, representing a 62% year-over-year increase. While this growth is substantial, it's worth noting that an additional $0.29 million was received but deferred under accounting rules. The company explicitly mentioned that revenue fell short of projections due to implementation delays in their QID services contract.

The financial health indicators show positive trends. Net losses decreased significantly by 34% to $1.71 million for the quarter, compared to $2.60 million in Q2 2024. Operating expenses were reduced by 20% to $2.50 million. The improvements in both metrics signal effective cost management while growing revenue.

Perhaps most compelling is the company's traction metric - 92 financial institutions with combined assets exceeding $348 billion have been onboarded via FIS, bringing their total customer count to 105 institutions that are either fully implemented or in the implementation phase. Transaction starts have surged 247% over the past six months, with a 179% monthly increase in July alone, while completion rates improved by 30%. These operational metrics suggest that Trust Stamp's Orchestration Layer platform is gaining significant market adoption in the financial sector, which should translate to future revenue growth as these implementations mature.

Trust Stamp announced that it filed its 2025 Q2 10-Q after the Nasdaq market closed on August 14th, 2025, together with announcing strong growth in customer enrollment and user completions on its SaaS Orchestration Layer

Atlanta, GA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) announced that:

1. It filed its Q2 10-Q report for the six months ended 30 June 2025 after the Nasdaq market closed on August 14th, 2025.
   
   
2. Net recognised revenue for the three months ended 30 June 2025  was $0.81 million, an increase of 62% from $0.50 million for the corresponding period in 2024, with an additional $0.29 million of revenue received from QID and fully earned but subject to deferred recognition under ASC 606.

3. Net recognised revenue for the six months ended 30 June 2025  was $1.36 million, a 26% increase from $1.07 million for the six months ended 30 June 2024, with an additional $0.29 million of revenue received from QID and fully earned but subject to deferred recognition under ASC 606. As of June 30th, 2025, the Company had total received but deferred revenue of $0.40 million.

4. Revenue for the three months ended June 30th, 2025, while significantly increased, undershot prior projections due to delays in customer implementation for the QID services contract. The Company was able to redirect assigned resources to product improvements and new customer onboarding.
   
   
5. Net Loss for the three months ended June 30th, 2025, reduced by 34% to $1.71 million compared to $2.60 million for the same period in 2024.

6. Net Loss for the six months ended June 30th, 2025, reduced by 27% to $3.87 million compared to $5.28 million for the same period in 2024.

7. Total Operating Expenses were $2.50 million and $5.20 million for the three and six-month periods ended June 30th, 2025, compared to $3.13 million and $6.55 million for the corresponding periods in 2024, representing 20% and 21% reductions between the respective periods in 2025 and 2024.

8. Basic and diluted net loss per share were $0.69 and $1.57 per share for the three and six-month periods ended June 30th, 2025, compared to $3.19 and $7.09 for the corresponding periods in 2024.
   
   

Trust Stamp also announced that as of the date of this release, a total of 92 financial institutions with over $348 billion in assets have been onboarded via FIS, bringing the total number of customers either fully implemented or currently implementing the Orchestration Layer to 105. Importantly, over the six months ending June 30th, 2025, transaction starts for FIS-related institutions have increased 247% including a 179% increase for July versus the prior month, and customer completion rates increased by over 30%.

Inquiries:
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 on 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 statements.

FAQ

What was Trust Stamp's (IDAI) revenue growth in Q2 2025?

Trust Stamp reported Q2 2025 revenue of $0.81 million, representing a 62% increase from $0.50 million in Q2 2024, with an additional $0.29 million in deferred revenue.

How much did Trust Stamp (IDAI) reduce its net loss in Q2 2025?

Trust Stamp reduced its net loss by 34% to $1.71 million in Q2 2025, compared to $2.60 million in Q2 2024.

How many financial institutions has Trust Stamp (IDAI) onboarded through FIS?

Trust Stamp has onboarded 92 financial institutions with over $348 billion in assets through FIS, bringing total Orchestration Layer customers to 105.

What was Trust Stamp's (IDAI) operating expense reduction in Q2 2025?

Trust Stamp reduced its operating expenses by 20% to $2.50 million in Q2 2025, compared to $3.13 million in Q2 2024.

What was Trust Stamp's (IDAI) transaction growth for FIS-related institutions?

Transaction starts for FIS-related institutions increased by 247% over the six months ending June 2025, including a 179% increase in July versus the prior month.