IDAI · T Stamp Inc.

T Stamp Inc. filed its 10-K for the year ended December 31, 2025, revealing modest revenue growth to $3.14 million, a 2% increase from $3.08 million in 2024, primarily fueled by a $666 thousand revenue boost from an amendment to its S&P 500 bank customer contract. This amendment extends the agreement to May 31, 2031, with a minimum gross revenue commitment exceeding $12.7 million over the term, though subject to six months' cancellation notice. Revenue fell short of original projections due to delays in the QID contract implementation, allowing the company to reallocate resources to product development, improvements, and new customer onboarding. Operating expenses declined significantly by 13% to $10.80 million from $12.45 million, driving a 33.6% year-on-year reduction in Comprehensive Operating Loss and a sharp improvement in basic and diluted net loss per share to $2.67 from $11.36. Balance sheet strengthened markedly, with cash and equivalents at $6.04 million contributing to total current assets of $7.48 million. Total liabilities dropped to $2.35 million from $5.41 million, reflecting full repayment of $3.07 million secured borrowing plus $69 thousand interest on January 10, 2025. Shareholder equity surged 188% to $8.73 million from $3.03 million. Operationally, Trust Stamp highlighted robust traction in its Orchestration Layer, onboarding 100 financial institutions totaling over $350 billion in assets via FIS, bringing active or implementing customers to 114. FIS-related transaction starts rose 247% and customer completion rates increased over 30% during 2025, signaling accelerating adoption in banking and finance sectors amid the company's focus on AI-powered fraud reduction and secure authentication.