Trust Stamp (Nasdaq: IDAI) lifts Q1 revenue 39% but remains in loss
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
T Stamp Inc. (Trust Stamp) reported higher first-quarter revenue but continued losses for the three months ended March 31, 2026. Net recognized revenue was $757 thousand, up 39% from $545 thousand a year earlier, mainly from an amended contract with an S&P 500 bank customer.
Total operating expenses rose to $3.03 million from $2.71 million, driven by one-time Lexverify acquisition costs, development spending on the Wallet of Wallets (WoW), RSU expense timing, and higher cost of sales. Comprehensive loss was $2.23 million versus $2.16 million, while basic and diluted net loss per share narrowed to $0.42 from $0.89.
Trust Stamp ended the quarter with $3.89 million in cash and cash equivalents and $5.34 million in total current assets. Management highlighted growing customer activity, work with two new major clients, an expanding pipeline, and interest in its WoW product, which depends on clarity around stablecoin governance.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Net recognized revenue Q1 2026: $757 thousand
Net recognized revenue Q1 2025: $545 thousand
Total operating expenses Q1 2026: $3.03 million
+5 more
8 metrics
Net recognized revenue Q1 2026
$757 thousand
Three months ended March 31, 2026; 39% higher than prior year
Net recognized revenue Q1 2025
$545 thousand
Corresponding period in 2025; baseline for 39% growth
Total operating expenses Q1 2026
$3.03 million
Three months ended March 31, 2026; includes one-time acquisition costs
Total operating expenses Q1 2025
$2.71 million
Corresponding period in 2025; increased by $318 thousand year over year
Comprehensive loss Q1 2026
$2.23 million
Three months ended March 31, 2026; 3.4% increase year over year
Comprehensive loss Q1 2025
$2.16 million
Corresponding period in 2025; comparison for year-over-year change
Basic and diluted net loss per share Q1 2026
$0.42 per share
Three months ended March 31, 2026; narrowed from prior-year $0.89
Cash and cash equivalents
$3.89 million
As of March 31, 2026; part of $5.34 million total current assets
Key Terms
net recognized revenue, Total Operating Expenses, Comprehensive Loss, RSU expenses, +2 more
6 terms
net recognized revenue financial
"Net recognized revenue for the three months ended March 31, 2026 was $757 thousand"
Total Operating Expenses financial
"Total Operating Expenses were $3.03 million for the three months ended March 31, 2026"
Comprehensive Loss financial
"Comprehensive Loss for the three months ended March 31, 2026 was $2.23 million"
Comprehensive loss measures the total decrease in a company’s value over a reporting period by combining its regular profit-or-loss with other gains or losses that don’t show up on the main income line—things like currency swings, changes in the value of certain investments, or pension adjustments. For investors it matters because it reveals hidden hits to a company’s equity that aren’t reflected in net income, offering a fuller picture of financial health, similar to checking both your bank balance and the value of investments when assessing your net worth.
RSU expenses financial
"timing differences in recognition of RSU expenses, as well as an increased cost of sales"
Wallet of Wallets (WoWTM) technical
"development expenses related to the Wallet of Wallets (WoWTM)"
stablecoin governance regulatory
"will launch once there is resolution of the continuing legislative uncertainties regarding stablecoin governance"
Earnings Snapshot
Net recognized revenue: $757 thousand
Q1 2026
Net recognized revenue
$757 thousand
+39% year over year
Comprehensive loss
$2.23 million
+3.4% year over year
Basic and diluted net loss per share
$0.42
improved from $0.89 prior year
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 14, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||||||||
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (404 ) 806-9906
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition.
On May 14, 2026, T Stamp Inc. (the “Company”) issued a press release announcing its results of operations for the three months ended March 31, 2026. A copy of that press release is being furnished herewith as Exhibit 99.1.
The information contained in and accompanying this Form 8-K with respect to Item 2.02 (including Exhibit 99.1 hereto) is being furnished to, and not filed with, the Securities and Exchange Commission in accordance with General Instruction B.2 to Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits
| Exhibit No. | Description | |||||||
99.1 | Press Release of the registrant issued March 31, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| T STAMP INC. | ||||||||
| By: | /s/ Gareth Genner | |||||||
| Name: Gareth Genner | ||||||||
| Title: Chief Executive Officer | ||||||||
Dated: May 14, 2026
Exhibit 99.1
T STAMP INC
(‘Trust Stamp’ or ‘The Company’)
Nasdaq: IDAI
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
May 14, 2026, Atlanta, Georgia, United States: Trust Stamp (Nasdaq: IDAI) announced that:
1.It filed its Q1 10-Q report for the three months ended March 31, 2026 after the Nasdaq market closed on May 14, 2026.
2.Net recognized revenue for the three months ended March 31, 2026 was $757 thousand, an increase of 39% 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.
3.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.
4.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 a 3.4% 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.
5.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.”
| Inquiries | |||||
| Investors: | 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.
FAQ
How did T Stamp Inc. (IDAI) perform in Q1 2026?
T Stamp Inc. grew revenue in Q1 2026 but remained unprofitable. Net recognized revenue rose to $757 thousand, a 39% increase year over year, while comprehensive loss was $2.23 million, slightly higher than $2.16 million in the prior-year quarter.
What drove T Stamp Inc. (IDAI) Q1 2026 revenue growth?
Revenue growth was mainly driven by an amended S&P 500 bank contract. Net recognized revenue increased to $757 thousand, up 39% from $545 thousand, largely due to a 2025 amendment that increased recognized revenue by $236 thousand compared to the prior-year period.
What were T Stamp Inc. (IDAI) operating expenses in Q1 2026?
Total operating expenses rose to $3.03 million in Q1 2026. This compares with $2.71 million a year earlier and reflects one-time Lexverify acquisition costs, Wallet of Wallets development spending, RSU timing effects, and higher cost of sales tied to increased revenue.
What is T Stamp Inc. (IDAI) cash position as of March 31, 2026?
T Stamp Inc. held $3.89 million in cash and cash equivalents. Including receivables and prepaid expenses, total current assets were $5.34 million as of March 31, 2026, providing liquidity to support ongoing operations and product development initiatives.
What strategic initiatives did T Stamp Inc. (IDAI) highlight for Q1 2026?
Management emphasized new clients and its Wallet of Wallets product. The company cited work with two new major clients, a growing revenue pipeline, and strong interest in its WoW solution, which is expected to launch after legislative uncertainties around stablecoin governance are resolved.