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T Stamp (IDAI) Financials

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$2.20 +0.04 (+1.85%)
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Annual Income Statements for T Stamp

Annual Income Statements for T Stamp

This table shows T Stamp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -11 -9.06 -12 -7.64 -13 -8.33
Consolidated Net Income / (Loss)		 -11 -9.06 -12 -7.64 -13 -8.33
Net Income / (Loss) Continuing Operations		 -11 -9.06 -12 -7.64 -11 -8.33
Total Pre-Tax Income 		-11 -9.06 -12 -7.65 -11 -8.08
Total Operating Income		 -8.40 -8.89 -12 -7.89 -9.37 -7.66
Total Gross Profit		 2.65 3.68 5.39 4.56 3.08 1.75
Total Revenue		 2.65 3.68 5.39 4.56 3.08 3.14
Operating Revenue		 2.65 3.68 5.39 4.56 3.08 3.14
Total Cost of Revenue		 0.00 0.00 0.00 0.00 0.00 1.39
Operating Cost of Revenue		 - - - - - 1.39
Total Operating Expenses		 11 13 17 12 12 9.41
Selling, General & Admin Expense		 6.38 9.47 12 8.40 8.51 6.47
Research & Development Expense		 2.74 2.53 2.47 2.35 2.14 2.17
Depreciation Expense		 0.41 0.57 0.76 0.79 0.73 0.77
Total Other Income / (Expense), net		 -2.29 -0.17 0.01 0.24 -1.23 -0.65
Interest Expense		 0.18 0.04 0.01 - 0.00 0.16
Interest & Investment Income		 -0.96 - - -0.07 -0.51 -0.22
Other Income / (Expense), net		 -1.14 -0.13 0.02 0.31 -0.72 -0.27
Income Tax Expense		 - 0.00 0.02 -0.01 0.01 0.01
Preferred Stock Dividends Declared		 - - - - 1.94 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.00 -0.00 0.00 0.00 0.00 0.00
Basic Earnings per Share		 ($0.90) ($2.40) ($2.55) ($16.07) ($11.36) ($2.67)
Weighted Average Basic Shares Outstanding		 11.82M 3.77M 4.73M 475.17K 1.10M 3.11M
Diluted Earnings per Share		 ($0.90) ($2.40) ($2.55) ($16.07) ($11.36) ($2.67)
Weighted Average Diluted Shares Outstanding		 11.82M 3.77M 4.73M 475.17K 1.10M 3.11M
Weighted Average Basic & Diluted Shares Outstanding		 - - 4.85M 10.10M 2.49M 5.29M

Quarterly Income Statements for T Stamp

This table shows T Stamp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.04 -2.88 -2.68 -2.60 -1.26 -6.01 -2.16 -1.71 -1.91 -2.54 -2.23
Consolidated Net Income / (Loss)		 -0.04 -2.88 -2.68 -2.60 0.68 -7.95 -2.16 -1.71 -1.91 -2.54 -2.23
Net Income / (Loss) Continuing Operations		 -0.04 -2.88 -2.68 -2.60 0.68 -6.01 -2.16 -1.71 -1.91 -2.54 -2.23
Total Pre-Tax Income 		-0.04 -2.90 -2.68 -2.60 0.68 -6.00 -2.16 -1.68 -1.88 -2.37 -2.23
Total Operating Income		 -0.02 -2.91 -2.85 -2.63 -2.68 -1.22 -2.16 -1.68 -1.77 -2.04 -2.27
Total Gross Profit		 3.07 0.58 0.57 0.50 0.51 1.50 0.55 0.81 0.51 0.19 0.76
Total Revenue		 3.07 0.58 0.57 0.50 0.51 1.50 0.55 0.81 0.87 0.91 0.76
Operating Revenue		 3.07 0.58 0.57 0.50 0.51 1.50 0.55 0.81 0.87 0.91 0.76
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.36 0.72 0.00
Total Operating Expenses		 3.09 3.48 3.42 3.13 3.19 2.71 2.71 2.50 2.28 2.23 3.03
Selling, General & Admin Expense		 2.05 2.49 2.49 2.13 2.18 1.71 1.79 1.43 1.51 1.75 1.85
Research & Development Expense		 0.61 0.54 0.45 0.56 0.57 0.55 0.44 0.51 0.58 0.65 0.60
Depreciation Expense		 0.19 0.19 0.18 0.18 0.18 0.18 0.18 0.19 0.20 0.20 0.21
Other Operating Expenses / (Income)		 0.24 0.25 0.29 0.25 0.25 0.27 0.30 0.36 - - 0.36
Total Other Income / (Expense), net		 -0.01 0.01 0.17 0.03 3.36 -4.79 0.01 -0.03 -0.14 -0.49 0.04
Interest & Investment Income		 -0.01 - -0.02 -0.02 -0.11 -0.36 -0.02 -0.05 -0.15 -0.00 -0.00
Other Income / (Expense), net		 -0.00 0.05 0.19 0.04 3.47 -4.43 0.03 0.02 0.01 -0.32 0.05
Income Tax Expense		 - - - 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Other Gains / (Losses), net		 - - - - - - - - - - -0.01
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Basic Earnings per Share		 $0.00 ($6.07) ($3.97) ($3.19) ($1.06) ($5.44) ($0.89) ($0.69) ($0.72) ($0.82) ($0.42)
Weighted Average Basic Shares Outstanding		 8.16M 475.17K 674.13K 815.17K 1.18M 1.10M 2.44M 2.50M 2.66M 3.11M 5.28M
Diluted Earnings per Share		 $0.00 ($6.07) ($3.97) ($3.19) ($1.06) ($5.44) ($0.89) ($0.69) ($0.72) ($0.82) ($0.42)
Weighted Average Diluted Shares Outstanding		 8.16M 475.17K 674.13K 815.17K 1.18M 1.10M 2.44M 2.50M 2.66M 3.11M 5.28M
Weighted Average Basic & Diluted Shares Outstanding		 8.27M 10.10M 10.60M 16.78M 23.15M 2.49M 2.48M 2.54M 5.24M 5.29M 5.60M

Annual Cash Flow Statements for T Stamp

This table details how cash moves in and out of T Stamp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 1.09 2.01 -2.22 17 21 20
Net Cash From Operating Activities		 -4.48 -6.70 -6.34 -7.85 -8.92 -5.69
Net Cash From Continuing Operating Activities		 -4.48 -6.70 -6.34 7.42 12 11
Net Income / (Loss) Continuing Operations		 -11 -9.06 -12 0.00 0.00 0.00
Depreciation Expense		 0.41 0.57 0.76 0.79 0.73 0.77
Amortization Expense		 - - - - 0.00 0.05
Non-Cash Adjustments To Reconcile Net Income		 4.47 3.14 2.71 8.33 12 11
Changes in Operating Assets and Liabilities, net		 1.32 -1.36 2.29 -1.69 -0.63 -0.77
Net Cash From Investing Activities		 -0.51 -0.77 -1.00 -0.40 -0.91 -0.93
Net Cash From Continuing Investing Activities		 -0.51 -0.77 -1.00 -0.40 -0.91 -0.93
Purchase of Property, Plant & Equipment		 -0.49 -0.52 -0.81 -0.63 -0.68 -0.82
Purchase of Investments		 - - - 0.00 -0.10 0.00
Other Investing Activities, net		 -0.02 -0.16 -0.17 -0.14 -0.13 -0.11
Net Cash From Financing Activities		 6.09 9.34 5.10 10 9.49 9.89
Net Cash From Continuing Financing Activities		 6.09 9.34 5.10 10 9.49 9.89
Repayment of Debt		 -0.61 -0.27 - 0.00 -1.22 -5.33
Repurchase of Common Equity		 -1.00 - 0.00 -0.08 -0.06 -0.02
Issuance of Debt		 0.35 - - 0.00 3.85 2.00
Issuance of Common Equity		 0.26 8.76 1.65 7.46 7.03 13
Other Financing Activities, net		 0.00 0.84 3.45 2.83 -0.11 0.00
Cash Interest Paid		 0.00 0.03 0.00 0.00 0.18 0.07

Quarterly Cash Flow Statements for T Stamp

This table details how cash moves in and out of T Stamp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 7.70 5.76 3.02 -5.50 -0.06 23 -1.65 -0.85 5.08 17 -2.15
Net Cash From Operating Activities		 -2.30 -1.97 -2.16 -1.60 -2.43 -2.74 -1.54 -0.56 -1.92 -1.67 -1.86
Net Cash From Continuing Operating Activities		 7.20 3.80 3.20 -6.96 -2.43 18 -1.54 -2.11 -1.92 15 -1.86
Net Income / (Loss) Continuing Operations		 4.72 - 0.00 -5.28 0.68 4.59 -2.16 -3.87 -1.91 5.78 -2.23
Consolidated Net Income / (Loss)		 - - - - 0.68 - -2.16 - -1.91 - -2.23
Depreciation Expense		 0.19 0.19 0.18 0.18 0.18 0.18 0.18 0.19 0.20 0.20 0.21
Non-Cash Adjustments To Reconcile Net Income		 4.81 3.42 2.83 -2.28 -2.96 15 0.71 1.19 0.48 9.14 0.31
Changes in Operating Assets and Liabilities, net		 -2.51 0.19 0.19 0.42 -0.33 -0.91 -0.28 0.38 -0.73 -0.14 -0.15
Net Cash From Investing Activities		 -0.16 -0.22 -0.16 -0.21 -0.32 -0.22 -0.23 -0.24 -0.20 -0.26 -0.32
Net Cash From Continuing Investing Activities		 -0.16 -0.22 -0.16 -0.21 -0.32 -0.22 -0.23 -0.24 -0.20 -0.26 -0.32
Purchase of Property, Plant & Equipment		 -0.12 -0.16 -0.15 -0.18 -0.19 -0.16 -0.22 -0.19 -0.17 -0.23 -0.28
Acquisitions		 - - - - - - 0.00 - - - -0.03
Divestitures		 - - - - - - 0.00 - - - 0.03
Other Investing Activities, net		 -0.04 -0.07 -0.01 -0.03 -0.03 -0.06 -0.01 -0.05 -0.03 -0.03 -0.03
Net Cash From Financing Activities		 0.62 2.18 -0.02 1.66 2.74 5.12 0.13 0.00 7.20 2.57 0.00
Net Cash From Continuing Financing Activities		 0.62 2.18 -0.02 1.66 2.74 5.12 0.13 0.00 7.20 2.57 0.00
Repayment of Debt		 - - 0.00 - -0.29 -0.93 -3.07 - - -2.26 0.00
Repurchase of Common Equity		 -0.00 -0.05 -0.02 -0.03 0.00 -0.00 -0.02 0.00 - -0.00 0.00
Issuance of Common Equity		 - - 0.00 1.69 2.30 3.04 3.21 - 5.20 4.84 0.00
Effect of Exchange Rate Changes		 - - - - -0.05 - -0.00 -0.05 -0.00 - 0.03
Cash Interest Paid		 0.00 - 0.00 0.00 - 0.18 0.07 0.00 - 0.00 0.00

Annual Balance Sheets for T Stamp

This table presents T Stamp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 4.81 8.66 6.41 7.89 8.60 11
Total Current Assets		 2.08 5.76 2.87 4.70 4.67 7.48
Cash & Equivalents		 1.47 3.48 1.25 3.14 2.78 6.04
Accounts Receivable		 0.16 1.29 1.04 0.73 0.35 0.95
Prepaid Expenses		 0.46 1.00 0.58 0.83 0.53 0.48
Plant, Property, & Equipment, net		 0.13 0.11 0.30 0.06 0.03 0.06
Total Noncurrent Assets		 2.60 2.79 3.24 3.14 3.90 3.70
Long-Term Investments		 - - - 0.00 0.72 0.44
Goodwill		 1.25 1.25 1.25 1.25 1.25 1.25
Intangible Assets		 1.15 1.36 1.67 1.70 1.76 1.89
Other Noncurrent Operating Assets		 0.20 0.18 0.32 0.19 0.17 0.12
Total Liabilities & Shareholders' Equity		 4.81 8.66 6.41 7.89 8.60 11
Total Liabilities		 2.74 3.63 5.79 3.98 5.41 2.35
Total Current Liabilities		 2.45 2.40 4.45 2.71 4.17 0.95
Accounts Payable		 0.83 0.56 0.95 1.23 0.30 0.15
Accrued Expenses		 0.81 1.06 1.10 1.14 0.52 0.56
Current Deferred Revenue		 0.47 0.50 1.81 0.01 0.14 0.07
Current Deferred & Payable Income Tax Liabilities		 - 0.00 0.02 0.00 0.01 0.01
Other Current Liabilities		 - 0.00 0.57 0.33 0.14 0.16
Total Noncurrent Liabilities		 0.29 1.23 1.34 1.26 1.25 1.40
Long-Term Debt		 - 0.86 0.89 0.95 0.95 1.13
Other Noncurrent Operating Liabilities		 0.29 0.37 0.45 0.31 0.29 0.27
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 2.07 5.03 0.63 3.91 3.19 8.89
Total Preferred & Common Equity		 1.91 4.87 0.46 3.75 3.03 8.73
Total Common Equity		 1.91 4.87 0.46 3.75 3.03 8.73
Common Stock		 20 32 40 54 64 78
Retained Earnings		 -18 -27 -39 -51 -61 -70
Accumulated Other Comprehensive Income / (Loss)		 0.05 0.18 0.24 0.14 0.18 0.01
Noncontrolling Interest		 0.16 0.16 0.16 0.16 0.16 0.16

Quarterly Balance Sheets for T Stamp

This table presents T Stamp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 7.47 5.61 5.19 11 6.63 5.66 11 9.74
Total Current Assets		 4.30 2.42 1.93 2.21 2.54 1.46 7.07 5.34
Cash & Equivalents		 3.18 0.82 0.66 0.60 1.14 0.29 5.37 3.89
Accounts Receivable		 0.57 0.66 0.54 0.40 0.69 0.83 1.29 0.97
Prepaid Expenses		 0.55 0.90 0.73 1.21 0.41 0.34 0.40 0.47
Plant, Property, & Equipment, net		 0.06 0.05 0.04 0.04 0.06 0.06 0.06 0.08
Total Noncurrent Assets		 3.11 3.14 3.22 8.31 4.02 4.14 4.06 4.33
Long-Term Investments		 - - - 5.10 0.85 0.84 0.81 0.69
Goodwill		 1.25 1.25 1.25 1.25 1.25 1.25 1.25 1.47
Intangible Assets		 1.68 1.67 1.70 1.73 1.78 1.83 1.83 1.98
Other Noncurrent Operating Assets		 0.19 0.22 0.27 0.23 0.15 0.21 0.17 0.18
Total Liabilities & Shareholders' Equity		 7.47 5.61 5.19 11 6.63 5.66 11 9.74
Total Liabilities		 3.24 4.07 4.28 4.99 2.38 3.05 4.97 2.40
Total Current Liabilities		 2.05 2.78 3.00 3.66 1.10 1.67 3.57 1.01
Accounts Payable		 0.69 1.06 1.10 1.11 0.25 0.36 0.13 0.35
Accrued Expenses		 0.86 1.28 1.54 1.67 0.39 0.70 0.86 0.36
Current Deferred Revenue		 0.09 0.27 0.18 0.10 0.34 0.41 0.33 0.17
Current Deferred & Payable Income Tax Liabilities		 0.02 0.00 0.00 0.00 0.01 0.00 0.00 0.01
Other Current Liabilities		 0.40 0.17 0.18 0.14 0.10 0.19 0.14 0.11
Total Noncurrent Liabilities		 1.19 1.28 1.28 1.33 1.28 1.38 1.40 1.39
Long-Term Debt		 0.90 0.95 0.95 1.01 1.01 1.11 1.12 1.12
Other Noncurrent Operating Liabilities		 0.29 0.34 0.33 0.32 0.28 0.28 0.28 0.27
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 4.23 1.54 0.91 5.57 4.24 2.61 6.22 7.34
Total Preferred & Common Equity		 4.07 1.38 0.75 5.41 4.08 2.45 6.06 7.18
Total Common Equity		 4.07 1.38 0.75 5.41 4.08 2.45 6.06 7.18
Common Stock		 48 55 57 61 68 68 73 79
Retained Earnings		 -44 -54 -56 -55 -64 -65 -67 -72
Accumulated Other Comprehensive Income / (Loss)		 0.21 0.17 0.18 0.09 0.14 0.01 0.00 0.04
Noncontrolling Interest		 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16

Annual Metrics And Ratios for T Stamp

This table displays calculated financial ratios and metrics derived from T Stamp's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 24,264,150.00 8,265,516.00 46,290,358.00 5,243,832.00
DEI Adjusted Shares Outstanding		 0.00 0.00 323,522.00 551,034.00 3,086,024.00 5,243,832.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -37.37 -13.86 -4.07 -1.59
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 38.88% 46.42% -15.32% -32.41% 1.85%
EBITDA Growth		 0.00% 7.53% -33.82% 39.93% -37.86% 23.99%
EBIT Growth		 0.00% 5.45% -33.74% 37.17% -33.12% 21.38%
NOPAT Growth		 0.00% -5.89% -35.86% 34.68% -18.73% 18.22%
Net Income Growth		 0.00% 15.21% -33.48% 36.83% -64.25% 33.64%
EPS Growth		 0.00% 15.21% -33.48% 36.83% -64.25% 76.50%
Operating Cash Flow Growth		 0.00% -49.51% 5.44% -23.91% -13.59% 36.26%
Free Cash Flow Firm Growth		 0.00% 0.00% 18.10% -11.05% -21.87% 39.01%
Invested Capital Growth		 0.00% 154.69% -89.35% 572.08% 113.80% -4.43%
Revenue Q/Q Growth		 0.00% 0.00% -22.78% 1.51% 42.69% -15.78%
EBITDA Q/Q Growth		 0.00% 0.00% -20.56% 14.41% -42.71% 31.98%
EBIT Q/Q Growth		 0.00% 0.00% -19.75% 13.29% -38.22% 29.23%
NOPAT Q/Q Growth		 0.00% 0.00% -20.92% 12.73% 15.28% -12.12%
Net Income Q/Q Growth		 0.00% 0.00% -19.98% 13.11% -67.75% 39.38%
EPS Q/Q Growth		 0.00% 0.00% -19.98% 13.11% -67.75% 39.86%
Operating Cash Flow Q/Q Growth		 0.00% -6.71% -1.03% -6.40% -9.42% 15.79%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -5.20% -16.56% 20.27%
Invested Capital Q/Q Growth		 0.00% 0.00% -84.24% -11.42% 142.50% 8.27%
Profitability Metrics		 - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 55.88%
EBITDA Margin		 -344.84% -229.62% -209.86% -148.86% -303.61% -226.56%
Operating Margin		 -317.04% -241.74% -224.30% -173.01% -303.91% -244.00%
EBIT Margin		 -360.18% -245.22% -223.98% -166.17% -327.27% -252.62%
Profit (Net Income) Margin		 -403.41% -246.31% -224.54% -167.48% -406.98% -265.17%
Tax Burden Percent		 100.00% 100.00% 100.17% 99.82% 118.37% 103.07%
Interest Burden Percent		 112.00% 100.44% 100.07% 100.97% 105.05% 101.84%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -620.02% -370.22% -633.02% -556.42% -241.85% -148.44%
ROIC Less NNEP Spread (ROIC-NNEP)		 -193.07% -218.81% -389.58% -390.88% 470.38% -26.31%
Return on Net Nonoperating Assets (RNNOA)		 104.81% 115.30% 205.67% 219.97% -111.33% 10.57%
Return on Equity (ROE)		 -515.21% -254.92% -427.35% -336.46% -353.18% -137.87%
Cash Return on Invested Capital (CROIC)		 0.00% -457.44% -471.52% -704.62% -314.38% -143.90%
Operating Return on Assets (OROA)		 -198.20% -133.84% -160.00% -105.95% -122.32% -79.96%
Return on Assets (ROA)		 -221.99% -134.43% -160.40% -106.78% -152.12% -83.93%
Return on Common Equity (ROCE)		 -474.66% -243.27% -402.97% -312.53% -337.13% -134.18%
Return on Equity Simple (ROE_SIMPLE)		 -559.21% -185.93% -2,607.59% -203.48% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -5.88 -6.22 -8.46 -5.52 -6.56 -5.36
NOPAT Margin		 -221.93% -169.22% -157.01% -121.11% -212.73% -170.80%
Net Nonoperating Expense Percent (NNEP)		 -426.95% -151.41% -243.44% -165.55% -712.24% -122.12%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -113.43% -91.11% -53.54%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 44.12%
SG&A Expenses to Revenue		 240.74% 257.37% 231.08% 184.10% 276.19% 206.23%
R&D to Revenue		 103.55% 68.78% 45.95% 51.55% 69.42% 69.22%
Operating Expenses to Revenue		 417.04% 341.74% 324.30% 273.01% 403.91% 299.88%
Earnings before Interest and Taxes (EBIT)		 -9.54 -9.02 -12 -7.58 -10 -7.93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -9.13 -8.45 -11 -6.79 -9.36 -7.11
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 25.17 3.02 6.75 2.35
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 14.00 1,267.24 3.67
Price to Revenue (P/Rev)		 0.00 0.00 2.17 2.48 6.63 6.53
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 44.60 5.38 5.71 4.34
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 2.13 2.04 6.85 4.88
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.17 0.17 1.42 0.24 1.26 0.13
Long-Term Debt to Equity		 0.00 0.17 1.42 0.24 0.30 0.13
Financial Leverage		 -0.54 -0.53 -0.53 -0.56 -0.24 -0.40
Leverage Ratio		 2.32 1.90 2.66 3.15 2.32 1.64
Compound Leverage Factor		 2.60 1.90 2.67 3.18 2.44 1.67
Debt to Total Capital		 14.24% 14.54% 58.64% 19.59% 55.69% 11.26%
Short-Term Debt to Total Capital		 14.24% 0.00% 0.00% 0.00% 42.47% 0.00%
Long-Term Debt to Total Capital		 0.00% 14.54% 58.64% 19.59% 13.22% 11.26%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 6.75% 2.74% 10.68% 3.32% 2.24% 1.61%
Common Equity to Total Capital		 79.01% 82.72% 30.68% 77.09% 42.07% 87.13%
Debt to EBITDA		 -0.04 -0.10 -0.08 -0.14 -0.43 -0.16
Net Debt to EBITDA		 0.12 0.31 0.03 0.32 -0.05 0.75
Long-Term Debt to EBITDA		 0.00 -0.10 -0.08 -0.14 -0.10 -0.16
Debt to NOPAT		 -0.06 -0.14 -0.10 -0.17 -0.61 -0.21
Net Debt to NOPAT		 0.19 0.42 0.04 0.40 -0.08 1.00
Long-Term Debt to NOPAT		 0.00 -0.14 -0.10 -0.17 -0.15 -0.21
Altman Z-Score		 0.00 0.00 -13.03 -9.60 -11.18 -4.81
Noncontrolling Interest Sharing Ratio		 7.87% 4.57% 5.71% 7.11% 4.55% 2.67%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.85 2.40 0.65 1.73 1.12 7.85
Quick Ratio		 0.66 1.99 0.52 1.43 0.99 7.34
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -7.69 -6.30 -6.99 -8.52 -5.20
Operating Cash Flow to CapEx		 -914.74% -1,297.78% -785.40% -3,049.99% -1,317.63% -694.79%
Free Cash Flow to Firm to Interest Expense		 0.00 -192.40 -708.45 0.00 0.00 -32.69
Operating Cash Flow to Interest Expense		 -24.52 -167.68 -712.87 0.00 0.00 -35.75
Operating Cash Flow Less CapEx to Interest Expense		 -27.20 -180.60 -803.63 0.00 0.00 -40.89
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.55 0.55 0.71 0.64 0.37 0.32
Accounts Receivable Turnover		 17.05 5.08 4.62 5.15 5.68 4.80
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 20.69 30.68 26.11 25.54 69.97 69.85
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 6.23
Days Sales Outstanding (DSO)		 21.41 71.82 79.02 70.84 64.26 76.03
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 58.55
Cash Conversion Cycle (CCC)		 21.41 71.82 79.02 70.84 64.26 17.48
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.95 2.41 0.26 1.73 3.69 3.53
Invested Capital Turnover		 2.79 2.19 4.03 4.59 1.14 0.87
Increase / (Decrease) in Invested Capital		 0.00 1.47 -2.16 1.47 1.97 -0.16
Enterprise Value (EV)		 0.00 0.00 11 9.30 21 15
Market Capitalization		 0.00 0.00 12 11 20 21
Book Value per Share		 $0.16 $1.29 $0.10 $0.45 $0.13 $1.66
Tangible Book Value per Share		 ($0.04) $0.60 ($0.52) $0.10 $0.00 $1.07
Total Capital		 2.42 5.89 1.51 4.87 7.20 10
Total Debt		 0.34 0.86 0.89 0.95 4.01 1.13
Total Long-Term Debt		 0.00 0.86 0.89 0.95 0.95 1.13
Net Debt		 -1.13 -2.62 -0.37 -2.19 0.51 -5.36
Capital Expenditures (CapEx)		 0.49 0.52 0.81 0.26 0.68 0.82
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.49 -0.11 -2.83 -1.16 0.77 0.48
Debt-free Net Working Capital (DFNWC)		 -0.02 3.36 -1.57 1.98 3.56 6.52
Net Working Capital (NWC)		 -0.37 3.36 -1.57 1.98 0.50 6.52
Net Nonoperating Expense (NNE)		 4.81 2.84 3.64 2.11 5.99 2.96
Net Nonoperating Obligations (NNO)		 -1.13 -2.62 -0.37 -2.19 0.51 -5.36
Total Depreciation and Amortization (D&A)		 0.41 0.57 0.76 0.79 0.73 0.82
Debt-free, Cash-free Net Working Capital to Revenue		 -56.37% -3.03% -52.51% -25.37% 25.13% 15.35%
Debt-free Net Working Capital to Revenue		 -0.86% 91.47% -29.21% 43.50% 115.43% 207.77%
Net Working Capital to Revenue		 -13.86% 91.47% -29.21% 43.50% 16.27% 207.77%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($2.40) ($2.55) ($16.05) ($11.36) ($2.67)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 3.77M 4.73M 475.17K 1.10M 3.11M
Adjusted Diluted Earnings per Share		 $0.00 ($2.40) ($2.55) ($16.05) ($11.36) ($2.67)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 3.77M 4.73M 475.17K 1.10M 3.11M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 4.85M 673.42K 2.49M 5.29M
Normalized Net Operating Profit after Tax (NOPAT)		 -5.88 -6.22 -8.46 -5.52 -6.56 -5.36
Normalized NOPAT Margin		 -221.93% -169.22% -157.01% -121.11% -212.73% -170.80%
Pre Tax Income Margin		 -403.41% -246.31% -224.15% -167.78% -343.81% -257.28%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -52.18 -225.64 -1,356.76 0.00 0.00 -49.87
NOPAT to Interest Expense		 -32.15 -155.71 -951.10 0.00 0.00 -33.72
EBIT Less CapEx to Interest Expense		 -54.86 -238.56 -1,447.52 0.00 0.00 -55.01
NOPAT Less CapEx to Interest Expense		 -34.83 -168.63 -1,041.86 0.00 0.00 -38.86
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -9.39% 0.00% 0.00% -1.03% -0.45% -0.23%

Quarterly Metrics And Ratios for T Stamp

This table displays calculated financial ratios and metrics derived from T Stamp's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 8,242,244.00 8,265,516.00 10,101,279.00 10,599,812.00 16,780,931.00 46,290,358.00 2,487,052.00 2,482,811.00 2,542,290.00 5,243,832.00 5,285,008.00
DEI Adjusted Shares Outstanding		 549,483.00 551,034.00 673,419.00 706,654.00 1,118,729.00 3,086,024.00 2,487,052.00 2,482,811.00 2,542,290.00 5,243,832.00 5,285,008.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.06 -5.24 -3.98 -3.68 -1.12 -1.95 -0.87 -0.69 -0.75 -0.49 -0.42
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 127.35% 13.36% 25.08% 8.59% -83.33% 160.37% -4.92% 62.41% 70.71% -39.30% 38.75%
EBITDA Growth		 105.08% 30.04% -6.78% -21.64% 496.23% -105.24% 21.18% 38.48% -260.07% 60.31% -3.17%
EBIT Growth		 99.26% 28.93% -4.84% -19.49% 3,240.75% -97.71% 19.78% 35.50% -321.04% 58.03% -4.14%
NOPAT Growth		 99.36% 28.37% -10.45% -10.20% -17,373.27% 58.15% 24.09% 35.91% 53.69% -68.08% -4.91%
Net Income Growth		 98.98% 28.55% -5.15% -19.72% 2,043.93% -175.64% 19.46% 34.11% -379.72% 68.01% -3.43%
EPS Growth		 100.00% 28.55% -5.15% -19.72% 2,043.93% -175.64% 77.58% 78.37% 32.08% 84.93% 52.81%
Operating Cash Flow Growth		 -134.42% -31.56% -1,295.82% 53.33% -5.36% -39.01% 28.60% 65.23% 20.94% 38.95% -20.59%
Free Cash Flow Firm Growth		 86.11% -413.49% -335.23% -288.94% -571.78% 19.61% 41.58% 30.71% -32.35% 55.03% 29.20%
Invested Capital Growth		 19.59% 572.08% 201.61% 290.15% -21.90% 113.80% 95.05% 113.64% 114.05% -4.43% 18.68%
Revenue Q/Q Growth		 565.32% -81.24% -0.24% -12.77% 2.14% 192.95% -63.57% 48.98% 7.36% 4.17% -16.73%
EBITDA Q/Q Growth		 108.32% -1,720.18% 6.99% 3.02% 140.80% -657.72% 64.28% 24.30% -6.15% -38.30% 7.16%
EBIT Q/Q Growth		 98.82% -11,137.48% 6.82% 2.95% 130.91% -807.38% 62.19% 21.97% -5.92% -34.31% 6.18%
NOPAT Q/Q Growth		 99.08% -13,178.01% 1.94% 7.86% -45.65% 68.20% -77.86% 22.21% -5.24% -15.43% -11.02%
Net Income Q/Q Growth		 98.38% -8,103.92% 7.14% 2.99% 126.31% -1,263.26% 72.87% 20.65% -11.68% -33.05% 12.28%
EPS Q/Q Growth		 100.00% -8,103.92% 7.14% 2.99% 126.31% -1,263.26% 83.64% 22.47% -4.35% -13.89% 48.78%
Operating Cash Flow Q/Q Growth		 32.80% 14.52% -9.61% 25.88% -51.71% -12.78% 43.70% 63.90% -244.94% 12.91% -11.21%
Free Cash Flow Firm Q/Q Growth		 -117.20% -946.74% -51.62% 30.79% 38.84% -25.26% -10.18% 17.91% -16.82% 57.44% -73.48%
Invested Capital Q/Q Growth		 407.55% -11.42% -3.18% -27.91% 26.31% 142.50% -11.67% -21.04% 26.55% 8.27% 9.69%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 58.42% 20.59% 100.00%
EBITDA Margin		 5.36% -462.79% -431.47% -479.70% 191.62% -364.81% -357.65% -181.72% -179.67% -238.55% -265.95%
Operating Margin		 -0.71% -505.32% -496.67% -524.66% -523.73% -81.23% -396.54% -207.05% -202.96% -224.90% -299.83%
EBIT Margin		 -0.83% -496.43% -463.68% -515.91% 156.11% -376.96% -391.18% -204.89% -202.13% -260.61% -293.61%
Profit (Net Income) Margin		 -1.15% -501.65% -466.91% -519.26% 133.74% -531.07% -395.51% -210.66% -219.14% -279.89% -294.83%
Tax Burden Percent		 100.00% 99.53% 100.00% 100.00% 100.00% 132.43% 100.00% 102.09% 101.86% 107.52% 100.22%
Interest Burden Percent		 138.42% 101.52% 100.70% 100.65% 85.67% 106.38% 101.11% 100.72% 106.43% 99.89% 100.19%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -1.25% -1,625.16% -122,532.32% -6,056.61% -651.29% -64.64% -343.46% -257.96% -221.40% -136.82% -197.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.35% -1,558.58% -122,841.79% -6,016.78% -757.56% 779.94% -192.37% -662.89% -202.21% -90.94% -168.20%
Return on Net Nonoperating Assets (RNNOA)		 0.19% 877.09% 130,684.14% 5,233.27% 488.94% -184.59% 28.30% -49.70% 120.17% 36.54% 64.60%
Return on Equity (ROE)		 -1.06% -748.08% 8,151.81% -823.34% -162.34% -249.23% -315.16% -307.65% -101.23% -100.28% -132.50%
Cash Return on Invested Capital (CROIC)		 -371.20% -704.62% -539.79% -640.24% -420.97% -314.38% -310.63% -358.86% -272.56% -143.90% -169.45%
Operating Return on Assets (OROA)		 -0.48% -316.51% -402.46% -335.91% 37.40% -140.90% -195.25% -127.11% -69.29% -82.49% -120.25%
Return on Assets (ROA)		 -0.66% -319.84% -405.27% -338.10% 32.04% -198.50% -197.41% -130.70% -75.12% -88.59% -120.75%
Return on Common Equity (ROCE)		 -1.02% -694.87% 14,485.25% -762.80% -156.99% -237.91% -297.58% -279.42% -98.46% -97.60% -128.81%
Return on Equity Simple (ROE_SIMPLE)		 -216.08% 0.00% -562.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.02 -2.03 -1.99 -1.84 -2.68 -0.85 -1.51 -1.18 -1.24 -1.43 -1.59
NOPAT Margin		 -0.50% -353.72% -347.67% -367.26% -523.73% -56.86% -277.57% -144.93% -142.07% -157.43% -209.88%
Net Nonoperating Expense Percent (NNEP)		 -0.90% -66.59% 309.47% -39.83% 106.27% -844.58% -151.09% 404.94% -19.19% -45.88% -28.90%
Return On Investment Capital (ROIC_SIMPLE)		 - -41.78% -80.11% -98.51% -37.07% -11.83% -28.84% -31.72% -13.13% -14.28% -18.78%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 41.58% 79.41% 0.00%
SG&A Expenses to Revenue		 66.98% 433.82% 434.34% 426.14% 426.92% 114.03% 327.71% 176.07% 173.00% 192.18% 245.05%
R&D to Revenue		 19.74% 93.68% 78.76% 112.86% 111.43% 36.98% 80.16% 63.17% 65.93% 71.23% 78.98%
Operating Expenses to Revenue		 100.71% 605.32% 596.67% 624.66% 623.73% 181.23% 496.54% 307.05% 261.39% 245.49% 399.83%
Earnings before Interest and Taxes (EBIT)		 -0.03 -2.85 -2.66 -2.58 0.80 -5.64 -2.13 -1.67 -1.76 -2.37 -2.22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.16 -2.66 -2.48 -2.40 0.98 -5.46 -1.95 -1.48 -1.57 -2.17 -2.01
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 3.34 3.02 5.52 6.57 0.68 6.75 1.18 2.60 1.38 2.35 1.76
Price to Tangible Book Value (P/TBV)		 11.90 14.00 0.00 0.00 1.52 1,267.24 4.57 0.00 2.80 3.67 3.39
Price to Revenue (P/Rev)		 3.03 2.48 1.63 1.05 1.71 6.63 1.58 1.89 2.24 6.53 3.77
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 5.89 5.38 4.74 4.46 0.00 5.71 1.23 2.52 1.70 4.34 2.41
Enterprise Value to Revenue (EV/Rev)		 2.56 2.04 1.70 1.14 0.00 6.85 1.31 1.93 1.49 4.88 2.78
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.21 0.24 0.61 1.05 0.30 1.26 0.24 0.42 0.52 0.13 0.15
Long-Term Debt to Equity		 0.21 0.24 0.61 1.05 0.18 0.30 0.24 0.42 0.18 0.13 0.15
Financial Leverage		 -0.55 -0.56 -1.06 -0.87 -0.65 -0.24 -0.15 0.08 -0.59 -0.40 -0.38
Leverage Ratio		 1.95 3.15 -25.92 3.30 1.84 2.32 2.11 3.08 1.84 1.64 1.41
Compound Leverage Factor		 2.70 3.20 -26.10 3.32 1.58 2.47 2.14 3.11 1.96 1.64 1.42
Debt to Total Capital		 17.61% 19.59% 38.01% 51.12% 22.89% 55.69% 19.15% 29.78% 34.09% 11.26% 13.23%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 8.94% 42.47% 0.00% 0.00% 22.25% 0.00% 0.00%
Long-Term Debt to Total Capital		 17.61% 19.59% 38.01% 51.12% 13.95% 13.22% 19.15% 29.78% 11.84% 11.26% 13.23%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 3.15% 3.32% 6.48% 8.65% 2.24% 2.24% 3.07% 4.35% 1.71% 1.61% 1.91%
Common Equity to Total Capital		 79.25% 77.09% 55.50% 40.22% 74.88% 42.07% 77.77% 65.87% 64.20% 87.13% 84.86%
Debt to EBITDA		 -0.11 -0.14 -0.14 -0.13 -0.25 -0.43 -0.11 -0.14 -0.31 -0.16 -0.15
Net Debt to EBITDA		 0.29 0.32 -0.02 -0.04 0.62 -0.05 0.11 0.00 0.28 0.75 0.48
Long-Term Debt to EBITDA		 -0.11 -0.14 -0.14 -0.13 -0.15 -0.10 -0.11 -0.14 -0.11 -0.16 -0.15
Debt to NOPAT		 -0.14 -0.17 -0.17 -0.16 -0.21 -0.61 -0.17 -0.20 -0.67 -0.21 -0.21
Net Debt to NOPAT		 0.36 0.40 -0.02 -0.05 0.52 -0.08 0.16 0.01 0.62 1.00 0.64
Long-Term Debt to NOPAT		 -0.14 -0.17 -0.17 -0.16 -0.13 -0.15 -0.17 -0.20 -0.23 -0.21 -0.21
Altman Z-Score		 -4.79 -7.63 -13.04 -15.42 -6.62 -9.48 -12.57 -15.33 -7.22 -3.18 -7.07
Noncontrolling Interest Sharing Ratio		 4.04% 7.11% -77.69% 7.35% 3.30% 4.55% 5.58% 9.18% 2.74% 2.67% 2.79%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.10 1.73 0.87 0.64 0.60 1.12 2.32 0.87 1.98 7.85 5.28
Quick Ratio		 1.83 1.43 0.53 0.40 0.27 0.99 1.94 0.67 1.87 7.34 4.81
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.33 -3.50 -5.31 -3.68 -2.25 -2.82 -3.10 -2.55 -2.98 -1.27 -2.20
Operating Cash Flow to CapEx		 -1,887.75% -1,262.25% -1,470.84% -900.59% -1,273.30% -1,687.93% -692.34% -288.95% -1,130.65% -714.93% -671.55%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.58 0.64 0.87 0.65 0.24 0.37 0.50 0.62 0.34 0.32 0.41
Accounts Receivable Turnover		 4.66 5.15 7.64 8.88 4.45 5.68 4.52 4.91 4.40 4.80 4.04
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 23.00 25.54 72.04 81.93 43.04 69.97 54.68 63.10 74.14 69.85 47.89
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.41 1.07 6.23 4.58
Days Sales Outstanding (DSO)		 78.37 70.84 47.77 41.11 82.10 64.26 80.81 74.38 82.92 76.03 90.35
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 891.84 340.43 58.55 79.70
Cash Conversion Cycle (CCC)		 78.37 70.84 47.77 41.11 82.10 64.26 80.81 -817.47 -257.51 17.48 10.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1.95 1.73 1.67 1.21 1.52 3.69 3.26 2.58 3.26 3.53 3.87
Invested Capital Turnover		 2.51 4.59 352.44 16.49 1.24 1.14 1.24 1.78 1.56 0.87 0.94
Increase / (Decrease) in Invested Capital		 0.32 1.47 3.32 1.84 -0.43 1.97 1.59 1.37 1.74 -0.16 0.61
Enterprise Value (EV)		 11 9.30 7.93 5.38 -0.19 21 4.01 6.49 5.54 15 9.32
Market Capitalization		 14 11 7.63 4.93 3.69 20 4.82 6.36 8.34 21 13
Book Value per Share		 $0.49 $0.45 $0.17 $0.07 $0.32 $0.13 $0.18 $0.99 $2.38 $1.66 $1.37
Tangible Book Value per Share		 $0.14 $0.10 ($0.19) ($0.21) $0.15 $0.00 $0.05 ($0.26) $1.17 $1.07 $0.71
Total Capital		 5.13 4.87 2.49 1.87 7.22 7.20 5.25 3.71 9.44 10 8.46
Total Debt		 0.90 0.95 0.95 0.95 1.65 4.01 1.01 1.11 3.22 1.13 1.12
Total Long-Term Debt		 0.90 0.95 0.95 0.95 1.01 0.95 1.01 1.11 1.12 1.13 1.12
Net Debt		 -2.28 -2.19 0.13 0.29 -4.05 0.51 -0.98 -0.03 -2.96 -5.36 -3.47
Capital Expenditures (CapEx)		 0.12 0.16 0.15 0.18 0.19 0.16 0.22 0.19 0.17 0.23 0.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.93 -1.16 -1.18 -1.73 -1.40 0.77 0.31 -0.50 0.22 0.48 0.43
Debt-free Net Working Capital (DFNWC)		 2.25 1.98 -0.36 -1.07 -0.81 3.56 1.44 -0.21 5.60 6.52 4.32
Net Working Capital (NWC)		 2.25 1.98 -0.36 -1.07 -1.45 0.50 1.44 -0.21 3.49 6.52 4.32
Net Nonoperating Expense (NNE)		 0.02 0.85 0.68 0.76 -3.36 7.10 0.64 0.53 0.67 1.11 0.64
Net Nonoperating Obligations (NNO)		 -2.28 -2.19 0.13 0.29 -4.05 0.51 -0.98 -0.03 -2.96 -5.36 -3.47
Total Depreciation and Amortization (D&A)		 0.19 0.19 0.18 0.18 0.18 0.18 0.18 0.19 0.20 0.20 0.21
Debt-free, Cash-free Net Working Capital to Revenue		 -20.75% -25.37% -25.20% -36.77% -64.97% 25.13% 10.01% -14.87% 5.99% 15.35% 12.84%
Debt-free Net Working Capital to Revenue		 50.09% 43.50% -7.74% -22.78% -37.28% 115.43% 47.26% -6.19% 150.10% 207.77% 129.05%
Net Working Capital to Revenue		 50.09% 43.50% -7.74% -22.78% -67.17% 16.27% 47.26% -6.19% 93.73% 207.77% 129.05%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($91.05) ($3.90) ($3.15) $0.00 ($81.60) ($0.89) ($0.69) ($0.72) ($0.82) ($0.42)
Adjusted Weighted Average Basic Shares Outstanding		 8.16M 31.68K 674.13K 815.17K 0.00 73.62K 2.44M 2.50M 2.66M 3.11M 5.28M
Adjusted Diluted Earnings per Share		 $0.00 ($91.05) ($3.90) ($3.15) $0.00 ($81.60) ($0.89) ($0.69) ($0.72) ($0.82) ($0.42)
Adjusted Weighted Average Diluted Shares Outstanding		 8.16M 31.68K 674.13K 815.17K 0.00 73.62K 2.44M 2.50M 2.66M 3.11M 5.28M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($91.05) $0.00 $0.00 $0.00 ($81.60) $0.00 $0.00 $0.00 ($0.82) $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.27M 673.42K 706.65K 1.12M 0.00 165.80K 2.48M 2.54M 5.24M 5.29M 5.60M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.02 -2.03 -1.99 -1.84 -1.87 -0.85 -1.51 -1.18 -1.24 -1.43 -1.59
Normalized NOPAT Margin		 -0.50% -353.72% -347.67% -367.26% -366.61% -56.86% -277.57% -144.93% -142.07% -157.43% -209.88%
Pre Tax Income Margin		 -1.15% -504.00% -466.91% -519.26% 133.74% -401.01% -395.51% -206.35% -215.13% -260.32% -294.17%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -0.28% -1.03% -0.34% -1.38% -1.49% -0.45% -0.41% -0.13% -0.11% -0.23% -0.05%

Financials Breakdown Chart

Key Financial Trends

T Stamp (NASDAQ: IDAI) is showing a mixed but generally strained financial picture. Revenue has grown at times over the last few years, but the company remains unprofitable, cash flow is negative in the latest quarter, and the balance sheet has been supported in part by equity issuance. That said, T Stamp still ended Q1 2026 with a meaningful cash balance and more equity than debt, which gives it some breathing room.

  • Cash remains adequate for now: T Stamp reported $3.9 million in cash and equivalents at the end of Q1 2026, up from $292,054 in Q2 2025 and far above the low point earlier in the year.
  • Total equity improved sharply versus Q2 2025: Shareholders’ equity rose to $7.2 million in Q1 2026 from $2.4 million in Q2 2025, helped by new capital.
  • Revenue was still positive in Q1 2026: The company generated $756,832 in quarterly revenue, showing the business continues to bring in sales despite losses.
  • Debt is not overwhelming relative to equity: Long-term debt of $1.1 million is manageable compared with $7.2 million in common equity, even though leverage is still a concern.
  • Operating revenue has been volatile but not collapsed: Revenue moved from $545,471 in Q1 2025 to $908,859 in Q4 2025 and $756,832 in Q1 2026, suggesting uneven but continuing demand.
  • Operating losses remain significant: Q1 2026 operating loss was $2.3 million, which means the core business still does not cover its operating expenses.
  • Gross profit is not translating into profitability: Even with $756,832 of gross profit in Q1 2026, SG&A, R&D, and other operating costs were far higher.
  • Asset base includes a large amount of intangible value: Goodwill and intangible assets together were about $3.4 million in Q1 2026, which may be less liquid than cash and could be exposed to impairment risk.
  • Operating cash flow was negative in Q1 2026: The company used $1.9 million in cash from operations, a sharp deterioration from the strong operating cash flow seen in Q4 2025.
  • Net loss widened again in Q1 2026: The company posted a net loss of $2.2 million, or $(0.42) per share, versus a loss of $2.5 million in Q4 2025 and smaller losses in some prior quarters.
  • Share dilution has been a recurring theme: Common stock increased materially over the last year, and issuance of equity has been a major source of cash, which can pressure existing shareholders.
  • Balance sheet has weakened from a year ago: Total assets fell to $9.7 million in Q1 2026 from $11.2 million in Q3 2025, while total liabilities remained elevated at $2.4 million.

Longer-term trend: T Stamp’s financials show a company that has periodically raised capital, kept cash on hand, and generated revenue, but has not yet established consistent profitability. The biggest improvement in the latest quarter was the cash balance, but the biggest concern remains the lack of operating leverage: expenses continue to exceed revenue by a wide margin.

Bottom line: IDAI looks like a speculative, high-risk small-cap story. Investors may appreciate the company’s ability to keep funding operations and maintain revenue, but the persistent losses, negative operating cash flow, and dilution make the stock dependent on future execution and additional financing discipline.

07/22/26 02:22 PM ETAI Generated. May Contain Errors.

T Stamp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, T Stamp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Below is a breakdown of T Stamp's net income over the past 5 years:
  • 2021: -$9.06 million
  • 2022: -$12.09 million
  • 2023: -$7.64 million
  • 2024: -$12.54 million
  • 2025: -$8.33 million
Check out T Stamp's forecast to explore projected trends and price targets.

T Stamp's total operating income in 2025 was -$7.66 million, based on the following breakdown:
  • Total Gross Profit: $1.75 million
  • Total Operating Expenses: $9.41 million

Over the last 5 years, T Stamp's total revenue changed from $2.65 million in 2020 to $3.14 million in 2025, a change of 18.5%.

T Stamp's total liabilities were at $2.35 million at the end of 2025, a 56.6% decrease from 2024, and a 14.2% decrease since 2020.

In the past 5 years, T Stamp's cash and equivalents has ranged from $1.25 million in 2022 to $6.04 million in 2025, and is currently $6.04 million as of their latest financial filing in 2025.

Over the last 5 years, T Stamp's book value per share changed from 0.16 in 2020 to 1.66 in 2025, a change of 929.2%.


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Financial statements for NASDAQ:IDAI last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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