T Stamp(NASDAQ) IDAI

T Stamp helps banks and governments check people's identities using artificial intelligence. Its software turns personal data into secure codes, protecting privacy and stopping fraud. For example, banks use it to verify customers, while governments use it to confirm identities safely.

Identity, But Make It Simple: Products and Services

• AI Identity Authentication: Software for verifying identities using artificial intelligence; main customers are banks and governments (83.5% of 2025 revenue from two clients).
• Irreversibly Transformed Identity Token (IT2): Converts biometric data, like fingerprints or face scans, into secure, non-reversible codes for privacy protection.
• Orchestration Layer: A platform that lets companies add identity checks to their systems with little coding; used by 110 enterprise clients in 2025.
• StableKey and Wallet of Wallets: Tools for managing digital assets and passwords using biometrics, targeting fintech and cryptocurrency sectors.
• Compliance and Security Tools: Includes document validation, duplicate detection, and crisis simulation for regulated industries like finance and healthcare.

Growth Spurts and Global Footprints

• Acquired Lexverify (compliance monitoring) and 50% of Cyberfish (crisis simulation) in 2026.
• Signed major contracts with an S&P 500 bank (extended to 2031) and QID (2025).
• Launched stablecoin-focused Wallet of Wallets MVP in late 2025 and began initial deployments and market preparation in 2026, and expanded into Africa with a telecom client.
• Opened a Tokyo office in 2025 for Asia-Pacific growth and joined global accelerator programs.

What Makes T Stamp Stand Out

T Stamp’s technology turns sensitive data into secure tokens, making identity checks safer and more private. Its platform works with many types of data, helping clients avoid being locked into one provider. The company holds 26 patents and focuses on privacy and regulatory compliance.

Five Things You Need to Know

• Net revenue was $3.14 million in 2025, up 1.85% from 2024.
• Two clients made up 83.5% of 2025 revenue, showing high concentration risk.
• Net loss was $8.33 million in 2025, improving from $12.54 million in 2024.
• Cash and cash equivalents were $6.04 million as of December 31, 2025.
• 110 enterprise clients used the Orchestration Layer platform in 2025.

Bottom Line

T Stamp has evolved by expanding its product range and entering new markets. The company faces challenges with customer concentration and ongoing losses but continues to focus on privacy-driven identity solutions.