What is Intellicheck's operating income?

Intellicheck's total operating income in 2025 was $1.09 million, based on the following breakdown: Total Gross Profit: $20.50 million Total Operating Expenses: $19.41 million

Intellicheck (IDN) Financials

$3.75 -0.22 (-5.54%)

Closing price 04:00 PM Eastern

Extended Trading

$3.84 +0.09 (+2.51%)

As of 07:42 PM Eastern

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Annual Income Statements for Intellicheck

This table shows Intellicheck's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	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	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.16	-1.98	-0.92	1.27
Consolidated Net Income / (Loss)	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.16	-1.98	-0.92	1.27
Net Income / (Loss) Continuing Operations	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.16	-1.98	-0.92	1.27
Total Pre-Tax Income	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.04	-2.04	-0.89	1.33
Total Operating Income	-5.48	-5.75	-6.08	-4.09	-2.65	-3.30	-7.49	-4.03	-2.28	-1.17	1.09
Total Gross Profit	4.01	3.07	3.08	4.05	6.67	9.31	13	15	18	18	21
Total Revenue	7.01	3.84	3.60	4.43	7.66	11	16	16	19	20	23
Operating Revenue	7.01	3.84	3.60	4.43	7.66	11	16	16	19	20	23
Total Cost of Revenue	3.01	0.77	0.52	0.39	1.00	1.43	3.51	1.28	1.38	1.83	2.17
Operating Cost of Revenue	3.01	0.77	0.52	0.39	1.00	1.43	3.51	1.28	1.38	1.83	2.17
Total Operating Expenses	9.49	8.82	9.16	8.14	9.32	13	20	19	20	19	19
Selling, General & Admin Expense	6.89	6.41	5.87	5.24	5.66	8.94	15	13	15	15	14
Research & Development Expense	2.59	2.41	1.92	2.90	3.66	3.68	5.48	6.01	4.68	3.86	5.31
Total Other Income / (Expense), net	0.15	0.01	0.06	0.13	0.10	0.82	0.02	-0.01	0.23	0.28	0.25
Other Income / (Expense), net	-	-	-	-	0.00	0.80	0.01	-	-	0.28	0.25
Income Tax Expense	-	-	-	-	-	-	0.00	0.12	-0.06	0.03	0.06
Basic Earnings per Share	($0.55)	($0.58)	($0.48)	($0.26)	($0.16)	($0.14)	($0.40)	($0.22)	($0.10)	($0.05)	$0.07
Weighted Average Basic Shares Outstanding	9.66M	9.91M	12.43M	15.54M	15.79M	17.32M	18.60M	18.84M	19.24M	19.33M	19.55M
Diluted Earnings per Share	($0.55)	($0.58)	($0.48)	($0.26)	($0.16)	($0.14)	($0.40)	($0.22)	($0.10)	($0.05)	$0.06
Weighted Average Diluted Shares Outstanding	9.66M	9.91M	12.43M	15.54M	15.79M	17.32M	18.60M	18.84M	19.24M	19.33M	20.15M
Weighted Average Basic & Diluted Shares Outstanding	9.66M	9.91M	12.43M	15.54M	15.79M	18.59M	18.67M	19.04M	-	19.82M	20.24M

This table shows Intellicheck'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	-0.72	0.98	-0.44	-0.13	-0.84	0.49	-0.32	-0.25	0.29	1.55	0.64
Consolidated Net Income / (Loss)	-0.72	0.98	-0.44	-0.13	-0.84	0.49	-0.32	-0.25	0.29	1.55	0.64
Net Income / (Loss) Continuing Operations	-0.72	0.98	-0.44	-0.13	-0.84	0.49	-0.32	-0.25	0.29	1.55	0.64
Total Pre-Tax Income	-0.72	0.90	-0.44	-0.13	-0.84	0.52	-0.32	-0.25	0.29	1.61	0.64
Total Operating Income	-0.90	0.85	-0.52	-0.22	-0.91	0.48	-0.35	-0.30	0.24	1.49	0.54
Total Gross Profit	4.33	4.91	4.25	4.23	4.29	5.41	4.39	4.60	5.44	6.07	5.03
Total Revenue	4.76	5.18	4.68	4.67	4.71	5.94	4.89	5.12	6.01	6.64	5.52
Operating Revenue	4.76	5.18	4.68	4.67	4.71	5.94	4.89	5.12	6.01	6.64	5.52
Total Cost of Revenue	0.43	0.26	0.44	0.44	0.42	0.53	0.50	0.52	0.57	0.57	0.50
Operating Cost of Revenue	0.43	0.26	0.44	0.44	0.42	0.53	0.50	0.52	0.57	0.57	0.50
Total Operating Expenses	5.23	4.06	4.77	4.44	5.20	4.93	4.74	4.90	5.21	4.57	4.48
Selling, General & Admin Expense	3.68	3.52	3.95	3.61	4.02	3.90	3.45	3.54	3.81	3.30	3.24
Research & Development Expense	1.55	0.55	0.82	0.84	1.18	1.03	1.29	1.36	1.39	1.27	1.24
Total Other Income / (Expense), net	0.18	0.05	0.08	0.09	0.07	0.04	0.03	0.05	0.05	0.12	0.09
Other Income / (Expense), net	-	-	0.08	0.09	0.07	0.04	0.03	0.05	0.05	0.12	0.09
Income Tax Expense	0.01	-0.08	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.06	0.00
Basic Earnings per Share	($0.04)	$0.05	($0.02)	($0.01)	($0.04)	$0.02	($0.02)	($0.01)	$0.01	$0.09	$0.03
Weighted Average Basic Shares Outstanding	19.28M	19.24M	19.40M	19.46M	19.50M	19.33M	19.82M	19.80M	20.14M	19.55M	20.24M
Diluted Earnings per Share	($0.04)	$0.05	($0.02)	($0.01)	($0.04)	$0.02	($0.02)	($0.01)	$0.01	$0.08	$0.03
Weighted Average Diluted Shares Outstanding	19.28M	19.24M	19.40M	19.46M	19.50M	19.33M	19.82M	19.80M	20.79M	20.15M	20.85M
Weighted Average Basic & Diluted Shares Outstanding	19.35M	0.00	19.47M	19.53M	19.76M	19.82M	19.84M	20.04M	20.20M	20.24M	20.25M

This table details how cash moves in and out of Intellicheck's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	2.99	-2.86	4.92	-3.63	-1.03	9.77	0.53	-8.46	-1.22	0.69	4.98
Net Cash From Operating Activities	-4.44	-4.24	-3.75	-4.22	-1.84	-0.02	1.12	-3.48	-0.65	-2.69	4.54
Net Cash From Continuing Operating Activities	-3.59	-4.24	-3.75	-4.22	-1.84	-0.02	1.12	-3.48	-0.65	-2.69	4.54
Net Income / (Loss) Continuing Operations	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.16	-1.98	-0.92	1.27
Consolidated Net Income / (Loss)	-5.33	-5.73	-6.02	-3.96	-2.55	-2.48	-7.48	-4.16	-1.98	-0.92	1.27
Depreciation Expense	1.02	0.43	0.41	0.25	0.25	0.18	0.17	0.29	0.28	0.44	0.70
Non-Cash Adjustments To Reconcile Net Income	0.68	1.01	1.81	0.19	0.60	2.66	6.39	2.47	1.44	1.12	0.92
Changes in Operating Assets and Liabilities, net	-0.80	0.05	0.05	-0.70	-0.15	-0.37	2.04	-2.08	-0.39	-3.34	1.64
Net Cash From Investing Activities	-0.18	-0.03	0.00	-0.10	0.02	-0.42	-0.66	-5.07	-0.41	2.90	-0.27
Net Cash From Continuing Investing Activities	-0.18	-0.03	0.00	-0.10	0.02	-0.42	-0.66	-5.07	-0.41	2.90	-0.27
Purchase of Property, Plant & Equipment	-0.13	-0.06	-0.04	-0.14	-0.02	-0.05	-0.66	-0.19	-0.50	-2.11	-0.27
Sale and/or Maturity of Investments	-	-	-	-	-	-	-	0.00	5.00	5.00	0.00
Net Cash From Financing Activities	7.60	1.41	8.66	0.69	0.79	10	0.08	0.10	-0.16	0.49	0.71
Net Cash From Continuing Financing Activities	7.60	1.41	8.67	0.69	0.79	10	0.08	0.10	-0.16	0.49	0.71
Other Financing Activities, net	0.00	-0.71	0.01	0.69	0.09	-1.27	0.05	0.10	-0.16	0.49	0.71
Cash Interest Paid	-	-	-	-	-	-	0.00	0.01	0.00	0.01	0.00
Cash Income Taxes Paid	-	-	-	-	-	-	0.00	0.03	0.08	0.00	0.03

This table details how cash moves in and out of Intellicheck'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	-0.22	0.02	5.26	-1.98	-1.32	-1.27	0.48	3.43	-1.35	2.43	0.41
Net Cash From Operating Activities	-0.26	0.47	0.87	-1.18	-1.06	-1.32	0.75	3.13	-1.74	2.39	0.45
Net Cash From Continuing Operating Activities	-0.26	0.47	0.87	-1.18	-0.87	-1.51	0.75	3.13	-1.74	2.39	0.45
Net Income / (Loss) Continuing Operations	-0.72	0.98	-0.44	-0.13	-0.84	0.49	-0.32	-0.25	0.29	1.55	0.64
Consolidated Net Income / (Loss)	-0.72	0.98	-0.44	-0.13	-0.84	0.49	-0.32	-0.25	0.29	1.55	0.64
Depreciation Expense	0.07	0.07	0.07	0.07	0.13	0.16	0.15	0.17	0.19	0.19	0.19
Non-Cash Adjustments To Reconcile Net Income	0.20	0.22	0.35	0.07	0.39	0.31	0.19	0.24	0.22	0.28	0.22
Changes in Operating Assets and Liabilities, net	0.20	-0.81	0.89	-1.20	-0.55	-2.47	0.72	2.98	-2.44	0.38	-0.60
Net Cash From Investing Activities	0.05	-0.43	4.39	-0.80	-0.47	-0.23	-0.17	-0.06	-0.02	-0.01	-0.03
Net Cash From Continuing Investing Activities	0.05	-0.43	4.39	-0.80	-0.47	-0.23	-0.17	-0.06	-0.02	-0.01	-0.03
Purchase of Property, Plant & Equipment	-0.04	-0.43	-0.61	-0.80	-0.47	-0.23	-0.17	-0.06	-0.02	-0.01	-0.03
Net Cash From Financing Activities	-0.01	-0.02	0.00	-	0.02	0.47	-0.10	0.35	0.41	0.04	0.00
Net Cash From Continuing Financing Activities	-0.01	-0.02	0.00	-	0.02	0.47	-0.10	0.35	0.41	0.04	0.00
Other Financing Activities, net	-0.01	-0.02	0.00	-	0.02	0.47	-0.10	0.35	0.41	0.04	0.00
Cash Interest Paid	-	-	0.00	-	-	0.01	0.00	0.00	-	-	0.00
Cash Income Taxes Paid	-0.01	0.00	0.00	-	-	-	0.00	-	-	0.03	0.00

This table presents Intellicheck's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	18	15	18	14	14	24	26	22	24	21	24
Total Current Assets	7.37	3.83	8.97	5.75	5.38	16	16	13	14	9.91	14
Cash & Equivalents	5.95	3.09	8.01	4.38	3.35	13	14	5.20	3.98	4.67	9.65
Accounts Receivable	1.16	0.50	0.65	1.02	1.67	2.12	2.19	2.64	4.70	4.68	3.37
Other Current Assets	0.18	0.17	0.22	0.27	0.35	0.34	0.64	0.61	0.69	0.57	0.89
Plant, Property, & Equipment, net	0.33	0.27	0.21	0.26	0.18	0.14	0.74	0.75	0.67	0.54	0.39
Total Noncurrent Assets	11	10	8.70	8.45	8.44	8.62	8.49	8.38	8.77	10	10
Goodwill	8.10	8.10	8.10	8.10	8.10	8.10	8.10	8.10	8.10	8.10	8.10
Intangible Assets	2.47	2.15	0.46	0.31	0.17	0.48	0.38	0.27	0.58	2.37	2.08
Other Noncurrent Operating Assets	0.06	0.06	0.07	0.01	0.16	0.04	0.01	0.01	0.09	0.01	0.00
Total Liabilities & Shareholders' Equity	18	15	18	14	14	24	26	22	24	21	24
Total Liabilities	2.15	1.60	1.87	1.54	2.25	2.13	6.13	4.79	6.53	3.19	3.78
Total Current Liabilities	1.71	1.36	1.63	1.50	2.20	2.12	6.13	4.79	6.53	3.19	3.78
Accounts Payable	0.26	0.01	0.07	0.07	0.10	0.05	0.37	0.36	0.88	0.44	0.23
Accrued Expenses	0.54	0.52	0.82	0.73	1.41	1.64	2.87	3.16	3.25	1.74	1.90
Current Deferred Revenue	0.91	0.83	0.74	0.70	0.57	0.40	1.27	0.91	2.21	1.00	1.66
Total Noncurrent Liabilities	0.44	0.24	0.25	0.04	0.05	0.01	0.01	0.00	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	16	13	16	13	12	22	20	18	17	18	21
Total Preferred & Common Equity	16	13	16	13	12	22	20	18	17	18	21
Preferred Stock	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00
Total Common Equity	16	13	16	13	12	22	20	18	17	18	21
Common Stock	115	117	126	127	129	142	146	149	151	152	154
Retained Earnings	-99	-104	-110	-114	-117	-119	-127	-132	-134	-134	-133

This table presents Intellicheck'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	22	23	22	21	25	23	25	27
Total Current Assets	13	13	11	9.65	14	12	15	17
Cash & Equivalents	3.96	9.24	7.26	5.75	5.15	8.57	7.22	10
Accounts Receivable	3.90	2.74	3.32	3.37	7.51	2.68	6.28	5.74
Other Current Assets	0.58	0.65	0.65	0.53	0.87	0.89	1.00	0.89
Plant, Property, & Equipment, net	0.69	0.63	0.59	0.57	0.50	0.46	0.44	0.37
Total Noncurrent Assets	8.31	9.35	10	10	11	10	10	10
Goodwill	8.10	8.10	8.10	8.10	8.10	8.10	8.10	8.10
Intangible Assets	0.19	1.16	1.91	2.27	2.43	2.36	2.22	1.94
Other Noncurrent Operating Assets	0.01	0.09	0.09	0.09	0.00	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	22	23	22	21	25	23	25	27
Total Liabilities	5.31	5.44	4.61	3.95	6.95	5.06	6.35	5.58
Total Current Liabilities	5.31	5.44	4.61	3.95	6.95	5.06	6.35	5.58
Accounts Payable	0.57	1.12	0.91	0.85	0.61	0.50	0.46	0.43
Accrued Expenses	2.35	2.66	1.90	1.79	1.83	1.53	1.70	2.23
Current Deferred Revenue	2.15	1.47	1.80	1.31	4.52	3.04	4.19	2.92
Total Noncurrent Liabilities	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	17	17	17	17	18	18	19	22
Total Preferred & Common Equity	17	17	17	17	18	18	19	22
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	17	17	17	17	18	18	19	22
Common Stock	151	151	151	152	152	153	154	154
Retained Earnings	-133	-134	-134	-135	-135	-135	-135	-133

This table displays calculated financial ratios and metrics derived from Intellicheck's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	9,878,906.00	10,565,553.00	14,986,841.00	15,638,765.00	15,885,150.00	18,409,728.00	37,396,902.00	18,950,812.00	19,354,335.00	19,762,311.00	20,204,907.00
DEI Adjusted Shares Outstanding	9,878,906.00	10,565,553.00	14,986,841.00	15,638,765.00	15,885,150.00	18,409,728.00	37,396,902.00	18,950,812.00	19,354,335.00	19,762,311.00	20,204,907.00
DEI Earnings Per Adjusted Shares Outstanding	-0.54	-0.54	-0.40	-0.25	-0.16	-0.13	-0.20	-0.22	-0.10	-0.05	0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.07%	-45.27%	-6.27%	23.21%	72.86%	40.08%	52.71%	-2.60%	18.41%	5.77%	13.35%
EBITDA Growth	31.26%	-19.19%	-6.64%	32.11%	37.68%	3.00%	-214.45%	48.80%	46.76%	77.48%	553.01%
EBIT Growth	28.32%	-4.92%	-5.75%	32.68%	35.32%	5.35%	-198.60%	46.14%	43.52%	61.12%	250.40%
NOPAT Growth	28.32%	-4.92%	-5.75%	32.68%	35.32%	-24.71%	-126.92%	46.22%	43.52%	48.68%	227.04%
Net Income Growth	30.22%	-7.51%	-4.98%	34.17%	35.70%	2.54%	-201.05%	44.38%	52.39%	53.64%	238.67%
EPS Growth	65.41%	-5.45%	17.24%	45.83%	38.46%	12.50%	-185.71%	45.00%	54.55%	50.00%	220.00%
Operating Cash Flow Growth	-86.88%	4.41%	11.68%	-12.69%	56.38%	98.97%	5,973.68%	-411.83%	81.41%	-316.38%	268.56%
Free Cash Flow Firm Growth	-903.42%	13.23%	30.99%	-41.40%	49.90%	-75.76%	30.69%	-115.56%	48.77%	-143.78%	154.84%
Invested Capital Growth	1.88%	-5.11%	-18.74%	6.81%	-1.70%	8.23%	-34.81%	28.10%	9.29%	57.68%	-15.55%
Revenue Q/Q Growth	6.54%	-17.30%	6.47%	9.32%	25.68%	1.73%	5.29%	4.24%	3.42%	3.95%	3.18%
EBITDA Q/Q Growth	46.82%	6.13%	-50.00%	36.62%	24.94%	33.34%	-44.59%	7.07%	44.29%	0.66%	172.65%
EBIT Q/Q Growth	44.57%	7.46%	-44.88%	35.58%	22.87%	32.09%	-42.88%	5.89%	41.11%	-10.76%	1,748.61%
NOPAT Q/Q Growth	44.57%	7.46%	-44.88%	35.58%	22.87%	10.52%	-24.03%	5.89%	41.11%	-46.18%	1,556.58%
Net Income Q/Q Growth	45.27%	7.44%	-44.18%	36.42%	23.21%	31.71%	-43.08%	2.87%	48.34%	-117.54%	509.09%
EPS Q/Q Growth	44.44%	3.33%	-37.14%	40.91%	30.43%	0.00%	0.00%	0.00%	47.37%	-150.00%	0.00%
Operating Cash Flow Q/Q Growth	-16.45%	-1.88%	-2.18%	-4.03%	40.68%	69.40%	59.67%	-247.31%	77.56%	-197.35%	449.76%
Free Cash Flow Firm Q/Q Growth	-94.07%	-4.22%	14.15%	-24.89%	36.82%	-3.78%	-6.95%	-47.09%	46.67%	-65.45%	585.18%
Invested Capital Q/Q Growth	-5.86%	-1.79%	-19.16%	4.49%	-0.93%	3.44%	-8.89%	15.77%	1.65%	19.05%	-5.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	57.14%	79.97%	85.50%	91.28%	87.01%	86.72%	78.58%	92.01%	92.73%	90.84%	90.44%
EBITDA Margin	-63.57%	-138.46%	-157.52%	-86.79%	-31.29%	-21.67%	-44.62%	-23.46%	-10.55%	-2.25%	8.97%
Operating Margin	-78.13%	-149.77%	-168.98%	-92.33%	-34.55%	-30.76%	-45.71%	-25.24%	-12.04%	-5.84%	4.79%
EBIT Margin	-78.13%	-149.77%	-168.98%	-92.33%	-34.55%	-23.34%	-45.65%	-25.24%	-12.04%	-4.43%	5.87%
Profit (Net Income) Margin	-76.04%	-149.38%	-167.32%	-89.40%	-33.26%	-23.14%	-45.62%	-26.05%	-10.47%	-4.59%	5.62%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	103.07%	96.96%	103.73%	95.64%
Interest Burden Percent	97.33%	99.74%	99.02%	96.83%	96.26%	99.12%	99.93%	100.12%	89.72%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.36%
Return on Invested Capital (ROIC)	-37.33%	-39.82%	-47.71%	-34.64%	-21.88%	-26.43%	-69.86%	-41.74%	-20.06%	-7.65%	8.61%
ROIC Less NNEP Spread (ROIC-NNEP)	-3.74%	-2.01%	-15.93%	-16.91%	-3.88%	-24.34%	-53.18%	-30.46%	-16.00%	-6.18%	5.34%
Return on Net Nonoperating Assets (RNNOA)	1.13%	0.62%	6.11%	7.24%	1.22%	11.80%	34.07%	19.41%	8.72%	2.41%	-1.99%
Return on Equity (ROE)	-36.19%	-39.20%	-41.60%	-27.40%	-20.66%	-14.63%	-35.79%	-22.33%	-11.33%	-5.24%	6.62%
Cash Return on Invested Capital (CROIC)	-39.19%	-34.57%	-27.04%	-41.23%	-20.17%	-34.34%	-27.72%	-66.38%	-28.93%	-52.42%	25.47%
Operating Return on Assets (OROA)	-31.97%	-34.84%	-37.51%	-25.31%	-18.61%	-13.07%	-29.90%	-16.73%	-9.84%	-3.96%	5.86%
Return on Assets (ROA)	-31.11%	-34.75%	-37.15%	-24.51%	-17.91%	-12.96%	-29.88%	-17.27%	-8.56%	-4.10%	5.61%
Return on Common Equity (ROCE)	-36.19%	-39.20%	-41.60%	-27.40%	-20.66%	-14.63%	-35.79%	-22.33%	-11.33%	-5.24%	6.62%
Return on Equity Simple (ROE_SIMPLE)	-32.67%	-44.33%	-37.61%	-30.68%	-21.69%	-11.18%	-38.20%	-23.54%	-11.46%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.84	-4.02	-4.26	-2.87	-1.85	-2.31	-5.25	-2.82	-1.59	-0.82	1.04
NOPAT Margin	-54.69%	-104.84%	-118.28%	-64.63%	-24.18%	-21.53%	-32.00%	-17.67%	-8.43%	-4.09%	4.58%
Net Nonoperating Expense Percent (NNEP)	-33.58%	-37.81%	-31.78%	-17.73%	-18.00%	-2.10%	-16.68%	-11.28%	-4.06%	-1.47%	3.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-9.22%	-4.61%	5.02%
Cost of Revenue to Revenue	42.86%	20.03%	14.50%	8.72%	12.99%	13.28%	21.42%	7.99%	7.27%	9.16%	9.56%
SG&A Expenses to Revenue	98.28%	167.07%	163.00%	118.11%	73.84%	83.24%	90.86%	79.59%	80.01%	77.40%	62.21%
R&D to Revenue	36.99%	62.66%	53.25%	65.51%	47.71%	34.23%	33.43%	37.67%	24.75%	19.29%	23.44%
Operating Expenses to Revenue	135.27%	229.74%	254.48%	183.61%	121.56%	117.48%	124.29%	117.26%	104.77%	96.68%	85.65%
Earnings before Interest and Taxes (EBIT)	-5.48	-5.75	-6.08	-4.09	-2.65	-2.51	-7.48	-4.03	-2.28	-0.89	1.33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.46	-5.32	-5.67	-3.85	-2.40	-2.33	-7.31	-3.75	-1.99	-0.45	2.03
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.67	2.25	2.40	2.59	10.13	9.45	4.42	2.15	2.13	3.12	6.52
Price to Tangible Book Value (P/TBV)	1.89	10.84	5.15	7.42	34.25	15.41	7.80	4.08	4.28	7.61	12.83
Price to Revenue (P/Rev)	1.55	7.57	10.66	7.55	15.53	19.56	5.28	2.37	1.95	2.77	5.95
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	106.02
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%	0.94%
Enterprise Value to Invested Capital (EV/IC)	0.47	2.64	3.80	3.41	13.77	21.65	12.31	3.67	3.35	3.87	11.34
Enterprise Value to Revenue (EV/Rev)	0.70	6.76	8.44	6.56	15.09	18.34	4.45	1.74	1.47	2.53	5.53
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	61.61
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	94.15
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	120.65
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	65.37	0.00	0.00	0.00	27.60
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	40.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.30	-0.31	-0.38	-0.43	-0.31	-0.49	-0.64	-0.64	-0.55	-0.39	-0.37
Leverage Ratio	1.16	1.13	1.12	1.12	1.15	1.13	1.20	1.29	1.32	1.28	1.18
Compound Leverage Factor	1.13	1.13	1.11	1.08	1.11	1.12	1.20	1.29	1.19	1.28	1.18
Debt 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%
Short-Term Debt 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%
Long-Term Debt 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%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-4.67	0.02	3.22	1.68	20.26	53.04	1.72	-2.88	-3.60	2.63	15.38
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.32	2.82	5.51	3.82	2.44	7.35	2.69	2.78	2.20	3.11	3.68
Quick Ratio	4.17	2.64	5.32	3.59	2.28	7.19	2.59	2.66	2.09	2.93	3.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.03	-3.49	-2.41	-3.41	-1.71	-3.00	-2.08	-4.49	-2.30	-5.60	3.07
Operating Cash Flow to CapEx	-5,378.27%	-14,884.93%	0.00%	-4,176.59%	0.00%	-118.75%	168.58%	-1,812.50%	-129.40%	-127.98%	1,713.58%
Free Cash Flow to Firm to Interest Expense	-1,214.23	0.00	0.00	0.00	0.00	0.00	0.00	-897.20	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-1,337.43	0.00	0.00	0.00	0.00	0.00	0.00	-696.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-1,362.30	0.00	0.00	0.00	0.00	0.00	0.00	-734.40	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.23	0.22	0.27	0.54	0.56	0.66	0.66	0.82	0.89	1.00
Accounts Receivable Turnover	7.19	4.62	6.23	5.30	5.69	5.66	7.60	6.61	5.15	4.26	5.64
Inventory Turnover	31.69	10.59	6.70	4.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.87	12.88	14.92	18.62	34.34	66.94	37.43	21.49	26.72	33.27	48.74
Accounts Payable Turnover	19.68	5.61	12.18	5.34	11.80	20.17	16.96	3.51	2.21	2.76	6.48
Days Sales Outstanding (DSO)	50.76	78.97	58.57	68.83	64.16	64.52	48.00	55.20	70.85	85.59	64.74
Days Inventory Outstanding (DIO)	11.52	34.48	54.51	79.14	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	18.54	65.12	29.98	68.40	30.92	18.09	21.52	103.92	164.85	132.27	56.37
Cash Conversion Cycle (CCC)	43.74	48.32	83.10	79.57	33.24	46.42	26.49	-48.72	-93.99	-46.68	8.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10	9.84	8.00	8.54	8.40	9.09	5.93	7.59	8.30	13	11
Invested Capital Turnover	0.68	0.38	0.40	0.54	0.90	1.23	2.18	2.36	2.38	1.87	1.88
Increase / (Decrease) in Invested Capital	0.19	-0.53	-1.84	0.54	-0.15	0.69	-3.16	1.67	0.71	4.79	-2.03
Enterprise Value (EV)	4.91	26	30	29	116	197	73	28	28	51	125
Market Capitalization	11	29	38	33	119	210	87	38	37	55	135
Book Value per Share	$1.65	$1.22	$1.07	$0.83	$0.74	$1.21	$1.04	$0.93	$0.89	$0.90	$1.02
Tangible Book Value per Share	$0.58	$0.25	$0.50	$0.29	$0.22	$0.74	$0.59	$0.49	$0.44	$0.37	$0.52
Total Capital	16	13	16	13	12	22	20	18	17	18	21
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-5.95	-3.09	-8.01	-4.38	-3.35	-13	-14	-10	-8.98	-4.67	-9.65
Capital Expenditures (CapEx)	0.08	0.03	-0.00	0.10	-0.02	0.02	0.66	0.19	0.50	2.11	0.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.29	-0.62	-0.67	-0.13	-0.17	0.34	-3.29	-1.54	-1.14	2.06	0.47
Debt-free Net Working Capital (DFNWC)	5.66	2.47	7.34	4.24	3.18	13	10	8.54	7.84	6.73	10
Net Working Capital (NWC)	5.66	2.47	7.34	4.24	3.18	13	10	8.54	7.84	6.73	10
Net Nonoperating Expense (NNE)	1.50	1.71	1.76	1.10	0.70	0.17	2.23	1.34	0.39	0.10	-0.23
Net Nonoperating Obligations (NNO)	-5.95	-3.09	-8.01	-4.38	-3.35	-13	-14	-10	-8.98	-4.67	-9.65
Total Depreciation and Amortization (D&A)	1.02	0.43	0.41	0.25	0.25	0.18	0.17	0.29	0.28	0.44	0.70
Debt-free, Cash-free Net Working Capital to Revenue	-4.19%	-16.19%	-18.62%	-2.97%	-2.25%	3.17%	-20.08%	-9.65%	-6.01%	10.30%	2.09%
Debt-free Net Working Capital to Revenue	80.68%	64.36%	203.99%	95.74%	41.47%	125.39%	63.20%	53.46%	41.48%	33.64%	44.66%
Net Working Capital to Revenue	80.68%	64.36%	203.99%	95.74%	41.47%	125.39%	63.20%	53.46%	41.48%	33.64%	44.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.55)	($0.58)	($0.48)	($0.26)	($0.16)	$0.03	$0.00	($0.20)	($0.10)	($0.05)	$0.07
Adjusted Weighted Average Basic Shares Outstanding	9.66M	10.74M	15.61M	15.64M	16.21M	17.32M	0.00	18.84M	19.24M	19.33M	19.55M
Adjusted Diluted Earnings per Share	($0.55)	($0.58)	($0.48)	($0.26)	($0.16)	$0.03	$0.00	($0.20)	($0.10)	($0.05)	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	9.66M	10.74M	15.61M	15.64M	16.21M	18.02M	0.00	18.84M	19.24M	19.33M	20.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.58)	($0.48)	($0.26)	($0.16)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.96M	9.91M	12.43M	15.54M	15.79M	18.59M	0.00	19.04M	0.00	19.82M	20.24M
Normalized Net Operating Profit after Tax (NOPAT)	-3.84	-4.02	-3.29	-2.87	-1.85	-2.31	-5.25	-2.82	-1.59	-0.82	1.04
Normalized NOPAT Margin	-54.69%	-104.84%	-91.53%	-64.63%	-24.18%	-21.53%	-32.00%	-17.67%	-8.43%	-4.09%	4.58%
Pre Tax Income Margin	-76.04%	-149.38%	-167.32%	-89.40%	-33.26%	-23.14%	-45.62%	-25.27%	-10.80%	-4.43%	5.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-1,652.16	0.00	0.00	0.00	0.00	0.00	0.00	-806.00	0.00	0.00	0.00
NOPAT to Interest Expense	-1,156.51	0.00	0.00	0.00	0.00	0.00	0.00	-564.20	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1,677.03	0.00	0.00	0.00	0.00	0.00	0.00	-844.40	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1,181.38	0.00	0.00	0.00	0.00	0.00	0.00	-602.60	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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Intellicheck'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	19,297,523.00	19,354,335.00	19,354,335.00	19,467,827.00	19,533,901.00	19,762,311.00	19,816,043.00	19,844,587.00	20,037,271.00	20,204,907.00	20,239,060.00
DEI Adjusted Shares Outstanding	19,297,523.00	19,354,335.00	19,354,335.00	19,467,827.00	19,533,901.00	19,762,311.00	19,816,043.00	19,844,587.00	20,037,271.00	20,204,907.00	20,239,060.00
DEI Earnings Per Adjusted Shares Outstanding	-0.04	0.05	-0.02	-0.01	-0.04	0.02	-0.02	-0.01	0.01	0.08	0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.64%	13.73%	10.01%	-0.93%	-1.07%	14.68%	4.57%	9.65%	27.71%	11.78%	12.87%
EBITDA Growth	-25.99%	238.70%	71.93%	93.08%	14.20%	-26.17%	55.43%	-48.15%	167.61%	164.71%	605.49%
EBIT Growth	-23.62%	214.73%	68.14%	85.04%	6.48%	-38.87%	27.73%	-97.64%	134.65%	210.21%	300.00%
NOPAT Growth	-23.62%	278.60%	62.13%	74.68%	-1.68%	-51.22%	33.46%	-38.60%	137.36%	219.10%	322.50%
Net Income Growth	0.00%	213.23%	68.13%	85.11%	-15.61%	-50.41%	28.05%	-97.64%	134.65%	218.03%	300.00%
EPS Growth	0.00%	225.00%	71.43%	75.00%	0.00%	-60.00%	0.00%	0.00%	125.00%	300.00%	250.00%
Operating Cash Flow Growth	-49.13%	126.40%	272.96%	-8.45%	-311.24%	-382.87%	-13.69%	365.37%	-63.71%	281.23%	-40.67%
Free Cash Flow Firm Growth	-298.81%	110.09%	4.64%	21.69%	-55.30%	-2,068.45%	-570.03%	121.08%	86.78%	180.17%	132.13%
Invested Capital Growth	24.46%	9.29%	4.54%	21.49%	34.64%	57.68%	56.95%	-6.12%	6.33%	-15.55%	-7.94%
Revenue Q/Q Growth	0.93%	8.74%	-9.58%	-0.17%	0.79%	26.06%	-17.55%	4.68%	17.39%	10.33%	-16.74%
EBITDA Q/Q Growth	-5.64%	211.77%	-139.96%	85.33%	-1,209.26%	196.18%	-124.12%	51.22%	697.50%	276.57%	-53.94%
EBIT Q/Q Growth	-5.42%	194.86%	-151.83%	71.14%	-559.06%	162.01%	-161.27%	21.07%	215.54%	455.17%	-60.50%
NOPAT Q/Q Growth	-5.42%	247.67%	-139.57%	58.89%	-323.26%	170.85%	-153.97%	14.37%	214.09%	505.12%	-62.37%
Net Income Q/Q Growth	15.12%	235.91%	-144.92%	71.27%	-559.06%	158.30%	-165.16%	21.07%	215.54%	435.17%	-59.02%
EPS Q/Q Growth	0.00%	225.00%	-140.00%	50.00%	-300.00%	150.00%	-200.00%	50.00%	200.00%	700.00%	-62.50%
Operating Cash Flow Q/Q Growth	76.31%	281.01%	86.08%	-235.90%	10.16%	-24.51%	156.78%	317.87%	-155.42%	237.82%	-81.41%
Free Cash Flow Firm Q/Q Growth	9.38%	109.87%	-423.00%	-171.06%	-79.71%	-25.11%	-9.94%	108.53%	-212.70%	858.55%	-55.93%
Invested Capital Q/Q Growth	-1.32%	1.65%	-4.30%	26.55%	9.37%	19.05%	-4.75%	-24.30%	23.88%	-5.45%	3.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.01%	94.92%	90.71%	90.50%	91.00%	91.11%	89.74%	89.79%	90.51%	91.41%	90.97%
EBITDA Margin	-17.31%	17.79%	-7.86%	-1.16%	-15.01%	11.46%	-3.35%	-1.56%	7.95%	27.13%	15.01%
Operating Margin	-18.80%	16.40%	-11.18%	-4.60%	-19.32%	8.09%	-7.11%	-5.82%	3.96%	22.52%	9.81%
EBIT Margin	-18.80%	16.40%	-9.40%	-2.72%	-17.77%	8.74%	-6.50%	-4.90%	4.82%	24.27%	11.51%
Profit (Net Income) Margin	-15.21%	19.01%	-9.44%	-2.72%	-17.77%	8.22%	-6.50%	-4.90%	4.82%	23.39%	11.51%
Tax Burden Percent	101.12%	108.97%	100.45%	100.00%	100.00%	94.03%	100.00%	100.00%	100.00%	96.40%	100.00%
Interest Burden Percent	80.00%	106.36%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	-8.97%	0.00%	0.00%	0.00%	5.97%	0.00%	0.00%	0.00%	3.60%	0.00%
Return on Invested Capital (ROIC)	-32.70%	42.54%	-19.47%	-6.78%	-27.18%	14.22%	-9.86%	-8.64%	7.67%	40.78%	19.10%
ROIC Less NNEP Spread (ROIC-NNEP)	-31.75%	41.92%	-18.69%	-7.07%	-24.45%	13.69%	-8.83%	-8.10%	6.87%	39.22%	17.87%
Return on Net Nonoperating Assets (RNNOA)	18.55%	-22.86%	10.40%	3.33%	10.60%	-5.33%	3.65%	3.63%	-2.50%	-14.60%	-6.94%
Return on Equity (ROE)	-14.14%	19.68%	-9.07%	-3.45%	-16.58%	8.89%	-6.21%	-5.01%	5.17%	26.18%	12.16%
Cash Return on Invested Capital (CROIC)	-58.56%	-28.93%	-17.22%	-25.40%	-35.37%	-52.42%	-51.14%	-1.42%	-5.59%	25.47%	24.36%
Operating Return on Assets (OROA)	-14.81%	13.41%	-7.87%	-2.41%	-15.88%	7.82%	-5.57%	-4.50%	4.61%	24.22%	10.38%
Return on Assets (ROA)	-11.98%	15.54%	-7.90%	-2.41%	-15.88%	7.35%	-5.57%	-4.50%	4.61%	23.35%	10.38%
Return on Common Equity (ROCE)	-14.14%	19.68%	-9.07%	-3.45%	-16.58%	8.89%	-6.21%	-5.01%	5.17%	26.18%	12.16%
Return on Equity Simple (ROE_SIMPLE)	-22.45%	0.00%	-6.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.63	0.93	-0.37	-0.15	-0.64	0.45	-0.24	-0.21	0.24	1.44	0.54
NOPAT Margin	-13.16%	17.87%	-7.82%	-3.22%	-13.53%	7.60%	-4.98%	-4.07%	3.96%	21.71%	9.81%
Net Nonoperating Expense Percent (NNEP)	-0.94%	0.62%	-0.78%	0.29%	-2.73%	0.54%	-1.03%	-0.54%	0.80%	1.56%	1.24%
Return On Investment Capital (ROIC_SIMPLE)	-	5.36%	-2.13%	-0.87%	-3.81%	2.54%	-1.38%	-1.16%	1.26%	6.96%	2.52%
Cost of Revenue to Revenue	8.99%	5.08%	9.29%	9.50%	9.00%	8.89%	10.26%	10.21%	9.49%	8.59%	9.03%
SG&A Expenses to Revenue	77.25%	67.97%	84.38%	77.23%	85.33%	65.73%	70.56%	69.00%	63.42%	49.71%	58.69%
R&D to Revenue	32.56%	10.55%	17.50%	17.87%	24.99%	17.28%	26.30%	26.61%	23.13%	19.19%	22.47%
Operating Expenses to Revenue	109.81%	78.52%	101.88%	95.10%	110.32%	83.02%	96.85%	95.61%	86.55%	68.89%	81.16%
Earnings before Interest and Taxes (EBIT)	-0.90	0.85	-0.44	-0.13	-0.84	0.52	-0.32	-0.25	0.29	1.61	0.64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.82	0.92	-0.37	-0.05	-0.71	0.68	-0.16	-0.08	0.48	1.80	0.83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.54	2.13	3.92	3.85	2.53	3.12	3.41	5.94	5.51	6.52	6.57
Price to Tangible Book Value (P/TBV)	4.95	4.28	8.51	9.13	6.66	7.61	8.49	14.17	12.13	12.83	12.31
Price to Revenue (P/Rev)	2.38	1.95	3.48	3.45	2.20	2.77	2.97	5.18	4.74	5.95	6.07
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	498.54	106.02	63.53
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%	0.20%	0.94%	1.57%
Enterprise Value to Invested Capital (EV/IC)	4.23	3.35	7.32	5.90	3.33	3.87	4.41	10.43	8.30	11.34	11.46
Enterprise Value to Revenue (EV/Rev)	1.89	1.47	3.01	3.08	1.90	2.53	2.72	4.76	4.41	5.53	5.64
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	129.99	61.61	43.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,346.82	94.15	57.51
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1,546.58	120.65	68.23
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	65.51	117.40	27.60	31.02
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	40.78	45.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.58	-0.55	-0.56	-0.47	-0.43	-0.39	-0.41	-0.45	-0.36	-0.37	-0.39
Leverage Ratio	1.31	1.32	1.32	1.26	1.27	1.28	1.36	1.27	1.29	1.18	1.32
Compound Leverage Factor	1.05	1.41	1.32	1.26	1.27	1.28	1.36	1.27	1.29	1.18	1.32
Debt 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%
Short-Term Debt 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%
Long-Term Debt 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%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-2.32	-3.17	0.31	1.32	-1.57	2.85	-1.40	5.71	3.67	15.42	9.81
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.52	2.20	2.32	2.43	2.44	3.11	1.95	2.40	2.28	3.68	2.99
Quick Ratio	2.41	2.09	2.20	2.29	2.31	2.93	1.82	2.22	2.13	3.44	2.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2.23	0.22	-0.71	-1.93	-3.46	-4.33	-4.76	0.41	-0.46	3.47	1.53
Operating Cash Flow to CapEx	-697.30%	108.10%	142.46%	-148.00%	-224.79%	-587.11%	433.53%	5,311.86%	-7,895.45%	21,763.64%	1,348.48%
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	0.79	0.82	0.84	0.89	0.89	0.89	0.86	0.92	0.96	1.00	0.90
Accounts Receivable Turnover	5.60	5.15	6.17	6.36	5.29	4.26	3.94	6.90	4.55	5.64	3.52
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	25.08	26.72	28.62	30.00	30.56	33.27	35.93	39.17	43.54	48.74	53.49
Accounts Payable Turnover	2.27	2.21	1.50	1.98	2.21	2.76	2.19	2.82	3.24	6.48	4.18
Days Sales Outstanding (DSO)	65.22	70.85	59.20	57.42	68.99	85.59	92.55	52.92	80.22	64.74	103.77
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)	160.45	164.85	243.25	184.59	165.49	132.27	166.44	129.61	112.64	56.37	87.33
Cash Conversion Cycle (CCC)	-95.23	-93.99	-184.05	-127.17	-96.50	-46.68	-73.89	-76.69	-32.42	8.37	16.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	8.16	8.30	7.94	10	11	13	12	9.43	12	11	11
Invested Capital Turnover	2.48	2.38	2.49	2.11	2.01	1.87	1.98	2.12	1.94	1.88	1.95
Increase / (Decrease) in Invested Capital	1.60	0.71	0.35	1.78	2.83	4.79	4.52	-0.62	0.70	-2.03	-0.99
Enterprise Value (EV)	35	28	58	59	37	51	55	98	97	125	131
Market Capitalization	43	37	67	67	42	55	60	107	104	135	141
Book Value per Share	$0.88	$0.89	$0.89	$0.89	$0.86	$0.90	$0.89	$0.91	$0.94	$1.02	$1.06
Tangible Book Value per Share	$0.45	$0.44	$0.41	$0.37	$0.33	$0.37	$0.36	$0.38	$0.43	$0.52	$0.57
Total Capital	17	17	17	17	17	18	18	18	19	21	22
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-8.91	-8.98	-9.24	-7.26	-5.75	-4.67	-5.15	-8.57	-7.22	-9.65	-10
Capital Expenditures (CapEx)	0.04	0.43	0.61	0.80	0.47	0.23	0.17	0.06	0.02	0.01	0.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.83	-1.14	-2.04	-0.65	-0.05	2.06	1.43	-1.49	0.93	0.47	1.06
Debt-free Net Working Capital (DFNWC)	8.08	7.84	7.20	6.61	5.70	6.73	6.57	7.08	8.15	10	11
Net Working Capital (NWC)	8.08	7.84	7.20	6.61	5.70	6.73	6.57	7.08	8.15	10	11
Net Nonoperating Expense (NNE)	0.10	-0.06	0.08	-0.02	0.20	-0.04	0.07	0.04	-0.05	-0.11	-0.09
Net Nonoperating Obligations (NNO)	-8.91	-8.98	-9.24	-7.26	-5.75	-4.67	-5.15	-8.57	-7.22	-9.65	-10
Total Depreciation and Amortization (D&A)	0.07	0.07	0.07	0.07	0.13	0.16	0.15	0.17	0.19	0.19	0.19
Debt-free, Cash-free Net Working Capital to Revenue	-4.54%	-6.01%	-10.55%	-3.36%	-0.25%	10.30%	7.06%	-7.22%	4.22%	2.09%	4.54%
Debt-free Net Working Capital to Revenue	44.20%	41.48%	37.24%	34.28%	29.63%	33.64%	32.53%	34.28%	37.10%	44.66%	47.73%
Net Working Capital to Revenue	44.20%	41.48%	37.24%	34.28%	29.63%	33.64%	32.53%	34.28%	37.10%	44.66%	47.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$0.05	($0.02)	($0.01)	($0.04)	$0.02	($0.02)	($0.01)	$0.01	$0.09	$0.03
Adjusted Weighted Average Basic Shares Outstanding	19.28M	19.24M	19.40M	19.46M	19.50M	19.33M	19.82M	19.80M	20.14M	19.55M	20.24M
Adjusted Diluted Earnings per Share	($0.03)	$0.05	($0.02)	($0.01)	($0.04)	$0.02	($0.02)	($0.01)	$0.01	$0.08	$0.03
Adjusted Weighted Average Diluted Shares Outstanding	19.28M	19.24M	19.40M	19.46M	19.50M	19.33M	19.82M	19.80M	20.79M	20.15M	20.85M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.35M	0.00	19.47M	19.53M	19.76M	19.82M	19.84M	20.04M	20.20M	20.24M	20.25M
Normalized Net Operating Profit after Tax (NOPAT)	-0.63	0.59	-0.37	-0.15	-0.64	0.45	-0.24	-0.21	0.17	1.44	0.38
Normalized NOPAT Margin	-13.16%	11.48%	-7.82%	-3.22%	-13.53%	7.60%	-4.98%	-4.07%	2.77%	21.71%	6.87%
Pre Tax Income Margin	-15.04%	17.45%	-9.40%	-2.72%	-17.77%	8.74%	-6.50%	-4.90%	4.82%	24.27%	11.51%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

Intellicheck (NASDAQ: IDN) showed a meaningful rebound in the latest quarter, with Q1 2026 revenue and profitability improving sharply from the weak Q1 2025 and Q3 2025 periods. The company also ended the quarter with a solid cash position and no debt shown on the balance sheet. That said, the business still looks somewhat lumpy quarter to quarter, and working-capital swings remain a major driver of cash flow.

Revenue rebounded in Q1 2026 to $5.5 million, up from $4.9 million in Q1 2025 and above the recent weak quarter in Q3 2025.
Profitability improved materially in Q1 2026, with net income of $636,000 versus a loss of $318,000 in Q1 2025 and a loss of $837,000 in Q3 2025.
Operating cash flow was strong in Q1 2026 at $445,000, reversing the negative operating cash flow seen in Q3 2025 and improving from $750,000 in Q1 2025.
Cash and equivalents rose to $10.1 million at March 31, 2026, from $7.2 million at the end of Q3 2025 and $5.1 million at the end of Q1 2025.
The balance sheet remains clean with no long-term debt reported and total liabilities of $5.6 million against $27.1 million in assets.
Gross margin remains very strong, with gross profit of $5.0 million on $5.5 million of revenue in Q1 2026, reflecting a low cost of revenue base.
Deferred revenue remains a meaningful operating liability at $2.9 million, which can be a positive sign for future recognized revenue, but it also reflects customer prepayments rather than immediate earned revenue.
Accounts receivable increased to $5.7 million in Q1 2026 from $3.4 million a year earlier, which may signal higher sales, but it also ties up more cash in working capital.
Operating expenses are still high relative to revenue growth, with SG&A of $3.2 million and R&D of $1.2 million in Q1 2026.
Share count has drifted upward over the last year, which can pressure per-share results even when the company is profitable.
Quarterly results have been volatile, with net income swinging from profits to losses across the last several quarters.
Working-capital swings can overwhelm operating performance; for example, Q3 2025 operating cash flow was negative $1.7 million despite positive net income.
SG&A remains heavy and has been a major reason operating income has fluctuated sharply, including losses in Q2 2025 and Q3 2024.
Operating cash generation is not yet consistent, suggesting the business still has some distance to go before investors can rely on steady free-cash-flow production.

Bottom line: Intellicheck’s latest quarter points to a healthier near-term trend, especially in revenue, earnings, and cash generation. However, investors should watch for sustained consistency in operating income and cash flow before concluding the turnaround is fully durable.

07/17/26 12:40 AM ETAI Generated. May Contain Errors.

Intellicheck Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Intellicheck's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Intellicheck's net income appears to be on a downward trend, with a most recent value of $1.27 million in 2025, falling from -$5.33 million in 2015. The previous period was -$918 thousand in 2024. See where experts think Intellicheck is headed by visiting Intellicheck's forecast page.

Intellicheck's total operating income in 2025 was $1.09 million, based on the following breakdown:

Total Gross Profit: $20.50 million
Total Operating Expenses: $19.41 million

Over the last 10 years, Intellicheck's total revenue changed from $7.01 million in 2015 to $22.67 million in 2025, a change of 223.1%.

Intellicheck's total liabilities were at $3.78 million at the end of 2025, a 18.8% increase from 2024, and a 76.3% increase since 2015.

In the past 10 years, Intellicheck's cash and equivalents has ranged from $3.09 million in 2016 to $13.65 million in 2021, and is currently $9.65 million as of their latest financial filing in 2025.

Over the last 10 years, Intellicheck's book value per share changed from 1.65 in 2015 to 1.02 in 2025, a change of -38.0%.

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

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Intellicheck (IDN) Financials

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Intellicheck (IDN) Financials

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When does Intellicheck's financial year end?

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How has Intellicheck's revenue changed over the last 10 years?

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