Intellicheck (Nasdaq: IDN) posts record Q1 2026 revenue and turns profit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Intellicheck, Inc. reported record first quarter 2026 results, delivering a profitable quarter with strong top-line growth and expanding margins. Total revenue rose 13% to $5.524 million from $4.894 million a year earlier, driven almost entirely by SaaS revenue of $5.514 million, also up 13%.
Gross profit margin improved to 91.0% from 89.7%, while operating expenses fell 5.4% to $4.483 million, reflecting cost discipline. The company swung to net income of $636,000, or $0.03 per diluted share, versus a net loss of $318,000, or $(0.02) per share, in 2025. Adjusted EBITDA reached a Q1 record of $935,000, compared to negative $17,000 a year ago. Intellicheck ended March 31, 2026 with $10.062 million in cash, no debt, and stockholders’ equity of $21.533 million.
Positive
- Strong revenue and SaaS growth: Total Q1 2026 revenue rose 13% to $5.524 million, with SaaS revenue also increasing 13% to $5.514 million, showing healthy demand for the company’s core subscription offerings.
- Return to profitability with record Adjusted EBITDA: The company swung from a net loss of $318,000 to net income of $636,000, while Adjusted EBITDA improved from negative $17,000 to a Q1 record of $935,000, highlighting meaningful operating leverage.
- High and improving margins with cost discipline: Gross margin increased to 91.0% from 89.7%, and operating expenses declined 5.4% to $4.483 million, indicating effective cost control alongside growth.
- Solid balance sheet with no debt: Cash and equivalents reached $10.062 million and stockholders’ equity was $21.533 million as of March 31, 2026, providing financial flexibility without leverage.
Negative
- None.
Insights
Intellicheck posts profitable, margin-rich Q1 with double-digit growth.
Intellicheck delivered a strong Q1 2026, with revenue up 13% to $5.524M and SaaS revenue matching that growth. A 91.0% gross margin and lower operating expenses show a highly scalable, software-heavy model.
The shift from a $318K net loss to $636K net income, plus record Adjusted EBITDA of $935K, indicates operating leverage as the business scales. Cash of $10.062M and no debt provide balance sheet flexibility.
Future quarters will show whether this profitability is sustainable as accounts receivable and deferred revenue move. Subsequent filings for periods after March 31, 2026 will clarify growth durability, margin stability, and working capital needs as the company expands.
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
Q1 2026 revenue: $5.524M
Q1 2026 SaaS revenue: $5.514M
Q1 2026 net income: $636,000
+5 more
8 metrics
Q1 2026 revenue
$5.524M
Total revenue for the three months ended March 31, 2026, up 13% YoY
Q1 2026 SaaS revenue
$5.514M
SaaS revenue for Q1 2026, up 13% YoY
Q1 2026 net income
$636,000
Net income for the three months ended March 31, 2026 vs $318,000 loss in 2025
Q1 2026 diluted EPS
$0.03 per share
Diluted earnings per common share for Q1 2026 vs $(0.02) in 2025
Q1 2026 Adjusted EBITDA
$935,000
Adjusted EBITDA for Q1 2026 vs negative $17,000 in Q1 2025
Q1 2026 gross margin
91.0%
Gross profit as a percentage of revenues for Q1 2026 vs 89.7% in 2025
Cash and equivalents
$10.062M
Cash and cash equivalents as of March 31, 2026
Stockholders’ equity
$21.533M
Total stockholders’ equity as of March 31, 2026
Key Terms
Adjusted EBITDA, Adjusted Gross Profit, non-GAAP, SaaS, +1 more
5 terms
Adjusted EBITDA financial
"Adjusted EBITDA (earnings before interest and other income, provision for income taxes, sales tax accrual, depreciation, amortization, stock-based compensation expense and certain non-recurring charges)"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
Adjusted Gross Profit financial
"Adjusted Gross Profit is calculated by adjusting gross profit for the reduction of amortization expense."
Adjusted gross profit is a company’s revenue from selling goods or services minus the direct costs of producing them, with one-time or unusual items added back or removed to show the core margin. Investors use it like a cleaned-up snapshot of how much a business actually earns on its products, similar to measuring body weight after removing heavy clothes, because it helps compare performance across periods and companies without noise from rare events.
non-GAAP financial
"We use Adjusted EBITDA as a non-GAAP financial performance measurement."
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
SaaS financial
"First quarter SaaS revenue grew 13% and totaled $5,514,000 compared to $4,868,000 in the same period of 2025."
SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.
forward-looking statements regulatory
"Statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Revenue: $5.524M
Q1 2026
Revenue
$5.524M
+13% YoY
Net income
$636,000
vs $(318,000) prior-year loss
Diluted EPS
$0.03
vs $(0.02) prior year
Adjusted EBITDA
$935,000
vs $(17,000) prior year
Gross margin
91.0%
vs 89.7% 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 12, 2026
(Exact name of registrant as specified in charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||
Registrant’s telephone number, including area code: (516 ) 992-1900
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 (see General Instruction A2. below):
| 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 | ||||||||||||
The | ||||||||||||||
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 ☐
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 12, 2026, Intellicheck, Inc. (the “Company”) issued a press release containing its results of operations for the first quarter ended March 31, 2026. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information in this Report, including the exhibit, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. It shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Exhibits.
(99) Exhibits
| Exhibit | Description | |||||||
| 99.1 | Press Release dated May 12, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
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.
| Dated: May 12, 2026 | INTELLICHECK, INC. | |||||||
| By: | /s/ Adam Sragovicz | |||||||
| Name: | Adam Sragovicz | |||||||
| Title: | Chief Financial Officer | |||||||
Exhibit Index
| Exhibit | Description | |||||||
| 99.1 | Press Release dated May 12, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
Intellicheck Announces Record First Quarter 2026 Results
Net income improved to $636,000 with EPS of $0.03
Q1 record Adjusted EBITDA of $935,000
Quarter end cash balance of $10.1 million
MELVILLE, NY – May 12, 2026 – Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering on-demand digital and physical identity validation solutions, today announced its financial results for the first quarter ended March 31, 2026. Total revenue for the first quarter ended March 31, 2026 grew 13% to a record $5,524,000 compared to $4,894,000 in the same period of 2025. First quarter SaaS revenue grew 13% and totaled $5,514,000 compared to $4,868,000 in the same period of 2025.
“This quarter further validates our belief that Intellicheck has reached a key inflection point in the evolution of our business and our path to profitability. At our current operating run rate, incremental revenue is expected to flow meaningfully to the bottom line. We believe this demonstrates the leverage in our business model and the successful execution across the organization. We ended the quarter with more than $10 million in cash, no debt, and what we believe is a truly differentiated identity verification platform,” said Intellicheck CEO Bryan Lewis.
Gross profit as a percentage of revenues improved to 91.0% for the three months ended March 31, 2026 compared to 89.7% in the same period in 2025.
Operating expenses for the three months ended March 31, 2026, which consist of selling, general and administrative expenses and research and development expenses decreased by 5.4% to $4,483,000 for the first quarter of 2026 compared to $4,740,000 for the same period of 2025. Included within operating expenses for the first quarters of 2026 and 2025 were $200,000 and $177,000, respectively, of non-cash equity compensation expense.
Net income for the three months ended March 31, 2026 improved significantly to $636,000 or $0.03 per diluted share compared to Net loss of ($318,000) or ($0.02) per diluted share for the same period in 2025.
Adjusted EBITDA (earnings before interest and other income, provision for income taxes, sales tax accrual, depreciation, amortization, stock-based compensation expense and certain non-recurring charges) also improved significantly to $935,000 for the first quarter of 2026 as compared to ($17,000) for the same period of 2025. A reconciliation of adjusted EBITDA to net income (loss) is provided in this release.
As of March 31, 2026, the Company had cash of $10,062,000 and stockholders’ equity totaled $21,533,000.
Conference Call Information
The Company will hold an earnings conference call on May 12 at 4:30 p.m. ET/1:30 p.m. PT to discuss operating results. To listen to the earnings conference call, please dial 877-407-8037. For callers outside the U.S., please dial 201-689-8037.
A replay of the conference call will be available shortly after completion of the live event. To listen to the replay, please dial 877-660-6853 and use conference identification number 13759884. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13759884. The replay will be available beginning approximately three hours after the completion of the live event and will remain available until May 19, 2026.
INTELLICHECK, INC.
UNAUDITED CONDENSED BALANCE SHEETS
MARCH 31, 2026 AND DECEMBER 31, 2025
(in thousands, except share and per share amounts)
| March 31, 2026 | December 31, 2025 | ||||||||||
| (Unaudited) | |||||||||||
| ASSETS | |||||||||||
| CURRENT ASSETS: | |||||||||||
| Cash and cash equivalents | $ | 10,062 | $ | 9,650 | |||||||
| Accounts receivable, net of allowance for credit losses of $157 at March 31, 2026 and December 31, 2025 | 5,740 | 3,365 | |||||||||
| Other current assets | 893 | 892 | |||||||||
| Total current assets | 16,695 | 13,907 | |||||||||
| PROPERTY AND EQUIPMENT, NET | 374 | 394 | |||||||||
| GOODWILL | 8,102 | 8,102 | |||||||||
| INTANGIBLE ASSETS, NET | 1,937 | 2,077 | |||||||||
| OTHER ASSETS | 1 | 1 | |||||||||
| Total assets | $ | 27,109 | $ | 24,481 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| CURRENT LIABILITIES: | |||||||||||
| Accounts payable | $ | 425 | $ | 226 | |||||||
| Accrued expenses | 2,229 | 1,897 | |||||||||
| Deferred revenue | 2,922 | 1,661 | |||||||||
| Total current liabilities | 5,576 | 3,784 | |||||||||
| Total liabilities | 5,576 | 3,784 | |||||||||
| COMMITMENTS AND CONTINGENCIES | |||||||||||
| STOCKHOLDERS’ EQUITY: | |||||||||||
| Preferred stock - $0.01 par value; 30,000 shares authorized; Series A convertible preferred stock, zero shares issued and outstanding at March 31, 2026 and December 31, 2025 | — | — | |||||||||
| Common stock - $0.001 par value; 40,000,000 shares authorized; 20,239,060 and 20,225,323 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively | 20 | 20 | |||||||||
| Additional paid-in capital | 154,087 | 153,887 | |||||||||
| Accumulated deficit | (132,574) | (133,210) | |||||||||
| Total stockholders’ equity | 21,533 | 20,697 | |||||||||
| Total liabilities and stockholders’ equity | $ | 27,109 | $ | 24,481 | |||||||
INTELLICHECK, INC.
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(in thousands, except share and per share amounts)
(in thousands, except share and per share amounts)
| Three months ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| REVENUES | $ | 5,524 | $ | 4,894 | |||||||
| COST OF REVENUES | (499) | (502) | |||||||||
| Gross profit | 5,025 | 4,392 | |||||||||
| OPERATING EXPENSES | |||||||||||
| Selling, general and administrative | 3,242 | 3,453 | |||||||||
| Research and development | 1,241 | 1,287 | |||||||||
| Total operating expenses | 4,483 | 4,740 | |||||||||
| Income (loss) from operations | 542 | (348) | |||||||||
| OTHER INCOME AND EXPENSE | |||||||||||
| Other income, net | 94 | 30 | |||||||||
| Total other income, net | 94 | 30 | |||||||||
| Net income (loss) before provision for income taxes | 636 | (318) | |||||||||
| Provision for income taxes | — | — | |||||||||
| Net income (loss) | $ | 636 | $ | (318) | |||||||
| PER SHARE INFORMATION | |||||||||||
| Income (loss) per common share - | |||||||||||
| Basic | $ | 0.03 | $ | (0.02) | |||||||
| Diluted | $ | 0.03 | $ | (0.02) | |||||||
| Weighted average common shares used in computing per share amounts | |||||||||||
| Basic | 20,236,880 | 19,816,043 | |||||||||
| Diluted | 20,850,957 | 19,816,043 | |||||||||
INTELLICHECK, INC.
UNAUDITED CONDENSED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(in thousands, except number of shares)
| Three months ended March 31, 2026 | |||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | ||||||||||||||||||||||||||||
| BALANCE, December 31, 2025 | 20,225,323 | $ | 20 | $ | 153,887 | $ | (133,210) | $ | 20,697 | ||||||||||||||||||||
| Stock-based compensation | – | – | 200 | – | 200 | ||||||||||||||||||||||||
| Issuance of shares for vested restricted stock grants | 13,737 | – | – | – | – | ||||||||||||||||||||||||
| Net income | – | – | – | 636 | 636 | ||||||||||||||||||||||||
| BALANCE, March 31, 2026 | 20,239,060 | $ | 20 | $ | 154,087 | $ | (132,574) | $ | 21,533 | ||||||||||||||||||||
| Three months ended March 31, 2025 | |||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | ||||||||||||||||||||||||||||
| BALANCE, December 31, 2024 | 19,782,311 | $ | 19 | $ | 152,211 | $ | (134,483) | $ | 17,747 | ||||||||||||||||||||
| Stock-based compensation | – | – | 179 | – | 179 | ||||||||||||||||||||||||
| Issuance of shares for vested restricted stock grants | 33,732 | – | – | – | – | ||||||||||||||||||||||||
| Net loss | – | – | – | (318) | (318) | ||||||||||||||||||||||||
| BALANCE, March 31, 2025 | 19,816,043 | $ | 19 | $ | 152,390 | $ | (134,801) | $ | 17,608 | ||||||||||||||||||||
INTELLICHECK, INC.
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
| Three months ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||
| Net income (loss) | $ | 636 | $ | (318) | |||||||
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||||||||||
| Depreciation and amortization | 193 | 154 | |||||||||
| Stock-based compensation | 200 | 177 | |||||||||
| Credit loss expense | 16 | 14 | |||||||||
| Changes in assets and liabilities: | |||||||||||
| (Increase) in accounts receivable | (2,391) | (2,846) | |||||||||
| (Increase) in other current assets and other assets | (2) | (200) | |||||||||
| Increase in accounts payable and accrued expenses | 532 | 251 | |||||||||
| Increase in deferred revenue | 1,261 | 3,518 | |||||||||
| Net cash provided by operating activities | 445 | 750 | |||||||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||
| Purchases of property and equipment | (33) | (9) | |||||||||
| Software development costs | — | (164) | |||||||||
| Net cash used in investing activities | (33) | (173) | |||||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||
| Repayment of insurance financing arrangements | — | (95) | |||||||||
| Net cash used in financing activities | — | (95) | |||||||||
| Net increase in cash | 412 | 482 | |||||||||
| CASH AND CASH EQUIVALENTS, beginning of period | 9,650 | 4,666 | |||||||||
| CASH AND CASH EQUIVALENTS, end of period | $ | 10,062 | $ | 5,148 | |||||||
| Supplemental disclosures of cash flow information: | |||||||||||
| Cash paid for interest | $ | — | $ | (3) | |||||||
| Cash paid for income taxes | $ | — | $ | — | |||||||
Adjusted EBITDA
We use Adjusted EBITDA as a non-GAAP financial performance measurement. Adjusted EBITDA is calculated by adjusting net income (loss) for certain reductions such as restructuring severance expenses, interest and other income, provisions for income taxes, depreciation, amortization and stock-based compensation expense. Adjusted EBITDA is provided to investors to supplement the results of operations reported in accordance with GAAP. Management believes that Adjusted EBITDA provides an additional tool for investors to use in comparing our financial results with other companies that also use Adjusted EBITDA in their communications to investors. By excluding non-cash charges such as amortization, depreciation and stock-based compensation, as well as non-operating charges for interest and provisions for income taxes, investors can evaluate our operations and can compare the results on a more consistent basis to the results of other companies. In addition, Adjusted EBITDA is one of the primary measures that management uses to monitor and evaluate financial and operating results.
We consider Adjusted EBITDA to be an important indicator of our operational strength and performance of our business and a useful measure of our historical operating trends. However, there are significant limitations to the use of Adjusted EBITDA since it excludes restructuring severance expenses, interest and other income, provisions for income taxes, stock-based compensation expense, all of which impact our profitability, as well as depreciation and amortization related to the use of long-term assets which benefit multiple periods. We believe that these limitations are compensated by providing Adjusted EBITDA only with GAAP net income (loss) and clearly identifying the difference between the two measures. Consequently, Adjusted EBITDA should not be considered in isolation or as a substitute for net income (loss) presented in accordance with GAAP. Adjusted EBITDA as defined by us may not be comparable with similarly named measures provided by other companies.
| (unaudited) | |||||||||||
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Net income (loss) | $ | 636 | $ | (318) | |||||||
| Reconciling items: | |||||||||||
Other income, net | (94) | (30) | |||||||||
| Depreciation and amortization | 193 | 154 | |||||||||
| Stock-based compensation | 200 | 177 | |||||||||
| Adjusted EBITDA | $ | 935 | $ | (17) | |||||||
Adjusted Gross Profit
We use Adjusted Gross Profit as a non-GAAP financial performance measurement. Adjusted Gross Profit is calculated by adjusting gross profit for the reduction of amortization expense. Adjusted Gross Profit is provided to investors to supplement the results of operations reported in accordance with GAAP. We believe Adjusted Gross Profit is important because it focuses on the current operating performance, as amortization expense does not accurately reflect the current costs required to maintain the operational usage of our service. Rather, amortization expense reflects the allocation of historical software development costs over their estimated useful lives.
As an indicator of our operating performance, Adjusted Gross Profit should not be considered an alternative to, or more meaningful than, gross profit as determined in accordance with GAAP. Our Adjusted Gross Profit may not be comparable to a similarly titled measure of another company because other entities may not calculate Adjusted Gross Profit in the same manner.
| (unaudited) | |||||||||||
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
Revenues | $ | 5,524 | $ | 4,894 | |||||||
Cost of revenues, exclusive of amortization | 362 | 399 | |||||||||
| Amortization allocable to cost of revenues | 137 | 103 | |||||||||
Gross profit | 5,025 | 4,392 | |||||||||
| Add: | |||||||||||
| Amortization allocable to cost of revenues | 137 | 103 | |||||||||
Adjusted gross profit | 5,162 | 4,495 | |||||||||
| Gross profit as a percentage of revenues | 91.0 | % | 89.7 | % | |||||||
Adjusted gross profit as a percentage of revenues | 93.4 | % | 91.8 | % | |||||||
Contact
Investor Relations: Gar Jackson (949) 873-2789 / gjackson@intellicheck.com
Media and Public Relations: Sharon Schultz (302) 539-3747 / sschultz@intellicheck.com
About Intellicheck
Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.
Safe Harbor Statement
Statements in this news release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA), including statements regarding future demand for our products and services, future revenue, profitability, Adjusted EBITDA, cash flow and other financial metrics, our growth strategy and ability to scale the business, expansion into new vertical markets and customer segments, the anticipated impact of artificial intelligence on identity fraud and on demand for our products, and our ability to leverage existing partnerships or enter into new ones. These statements express management's current views and use words like "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "will," "would" and similar terms. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA.
Actual results could differ materially due to factors including: market acceptance and adoption of our SaaS offerings; customer concentration; competition, including from providers with greater resources; the rapid evolution of artificial intelligence, including the use of generative AI to create synthetic identities and deepfakes, and our ability to maintain technological advantages; changes in privacy, biometric, data protection and AI laws and regulations; pending or future litigation and regulatory inquiries; cybersecurity incidents, data breaches or service interruptions; macroeconomic and geopolitical conditions and the effect on the economy of the ongoing conflict in the Middle East, including effects to consumer sentiment and inflationary pressures; our ability to attract and retain key personnel; our ability to utilize net operating loss carryforwards, including limitations under Section 382; risks associated with being a smaller reporting and micro-cap company; and other risks described in our filings with the Securities and Exchange Commission, including under "Risk Factors" in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. We do not assume any obligation to update the forward-looking information contained in this release.
FAQ
How did Intellicheck (IDN) perform financially in Q1 2026?
Intellicheck delivered a profitable and growing Q1 2026. Revenue increased 13% to $5.524 million, net income reached $636,000 versus a prior-year loss, and Adjusted EBITDA improved to $935,000 from negative $17,000, reflecting strong operating leverage and margin expansion.
What were Intellicheck (IDN)’s Q1 2026 revenue and SaaS revenue?
Total Q1 2026 revenue was $5.524 million for Intellicheck. SaaS revenue contributed nearly all of this, at $5.514 million, growing 13% year over year. This indicates that subscription-based identity verification services remain the primary driver of the company’s top-line performance.
Did Intellicheck (IDN) achieve profitability in Q1 2026?
Yes, Intellicheck achieved profitability in Q1 2026. The company reported net income of $636,000, or $0.03 per diluted share, compared with a net loss of $318,000, or $(0.02) per diluted share, in the same quarter of 2025.
What was Intellicheck (IDN)’s Adjusted EBITDA for Q1 2026?
Adjusted EBITDA reached a Q1 record of $935,000. This compares to negative $17,000 in the first quarter of 2025. The improvement reflects higher revenue, strong gross margins, and disciplined operating expenses, after adding back items like depreciation and stock-based compensation.
How strong is Intellicheck (IDN)’s balance sheet after Q1 2026?
Intellicheck reported a solid, debt-free balance sheet. As of March 31, 2026, the company held $10.062 million in cash and cash equivalents, total assets of $27.109 million, and stockholders’ equity of $21.533 million, with no debt outstanding.
What were Intellicheck (IDN)’s gross margin trends in Q1 2026?
Gross margin improved in Q1 2026. Gross profit as a percentage of revenue rose to 91.0% from 89.7% in the prior-year quarter. Adjusted gross profit margin, excluding amortization, increased to 93.4% from 91.8%, underscoring the scalability of the business model.