IDAI Nasdaq Services-Prepackaged Software Financials FY2020βFY2025
T Stamp Inc had $3.1M of revenue in fiscal 2025, up 1.9% on the year before. Over five years, revenue changed +28.3% a year on average.
Last close Β· Oct 23, 2026
$2.72
2.1%Hi! I read T Stamp Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+1.9%
Only a little. Sales grew 1.9% last year.
Does it make a profit?
β265.2%
No. It lost money last year.
Does profit turn into cash?
β182.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days T Stamp Inc did it, and the next one. Share prices often move a lot on those days.
Next results
November 13, 2026
Friday Β· in 18 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 13, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 14, 2026 | Q1 '26 | After the market closes | 8-K β |
| Mar 31, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 14, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 14, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 15, 2025 | Q1 '25 | After the market closes | 8-K β |
| Mar 31, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 15, 2024 | Q3 '24 | After the market closes | 10-Q β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· T Stamp Inc had $3.1M of revenue in fiscal 2025, up 1.9% on the year before. Over five years, revenue changed +28.3% a year on average. Its operating margin was β244.0%, up 59.9Β pts: of every 100 in sales, about β244 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· T Stamp Inc lost $8.3M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$5.7M in fiscal 2025, β182.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
KIRA Β· T Stamp Inc has $4.9M more cash than debt.
Cash, debt and the ratios that show how comfortably T Stamp Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.5M | $1.3M | $3.1M | $2.8M | $6.0M |
| Debt incl. finance leases | $0.9M | $0.9M | $1.0M | $4.0M | $1.1M |
| Debt / equity | 0.2x | 1.9x | 0.3x | 1.3x | 0.1x |
| Current ratio | 2.4x | 0.6x | 1.7x | 1.1x | 7.8x |
| Quick ratio | 2.4x | 0.6x | 1.7x | 1.1x | 7.8x |
| Total assets | $8.7M | $6.4M | $7.9M | $8.6M | $11.2M |
| Total liabilities | $3.6M | $5.8M | $4.0M | $5.4M | $2.4M |
| Shareholders' equity | $4.9M | $0.5M | $3.8M | $3.0M | $8.7M |
| Net debt (β = net cash) | β$2.6M | β$0.4M | β$2.2M | $1.2M | β$4.9M |
KIRA Β· Its return on capital was β158.7%: every 100 invested in the business earned about β159 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· T Stamp Inc passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 2 / 8 | 4 / 8 | 1 / 8 | 4 / 8 |
| Accruals ratio | β128.8% | β34.9% | β76.3% | 3.0% | β44.0% | β26.6% |
| Altman Z'' | β23.72 | β13.18 | β34.17 | β25.08 | β29.65 | β17.12 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | $0.9M | $0.0M | $5.4M | $4.6M | $3.1M | $3.1M |
| Net interest income | β$0.2M | β$0.0M | β$0.0M | β$0.1M | β | β |
| Research and development | $2.7M | $2.5M | $2.5M | $2.4M | $2.1M | $2.2M |
| Operating income | β$8.4M | β$8.9M | β$12.1M | β$7.9M | β$9.4M | β$7.7M |
| Pretax income | β$10.7M | β$9.1M | β$12.1M | β$7.7M | β$10.6M | β$8.3M |
| Income tax | β | β | $0.0M | β$0.0M | $0.0M | $0.0M |
| Net income | β$10.7M | β$9.1M | β$12.1M | β$7.6M | β$12.5M | β$8.3M |
| Diluted EPS | β$0.90 | β$2.40 | β$2.55 | β$16.07 | β$11.36 | β$2.67 |
| Diluted shares | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B |
| Cash flow | ||||||
| Cash from operations | β$4.5M | β$6.7M | β$6.3M | β$7.9M | β$8.9M | β$5.7M |
| Capital expenditure | $0.1M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Free cash flow | β$4.6M | β$6.7M | β$6.4M | β$7.9M | β$8.9M | β$5.7M |
| Depreciation and amortization | $0.4M | $0.6M | $0.8M | $0.8M | $0.7M | $0.8M |
| Stock-based compensation | $2.5M | $2.8M | $2.4M | $0.8M | $1.3M | $1.0M |
| Balance sheet | ||||||
| Cash and short-term investments | $1.5M | $3.5M | $1.3M | $3.1M | $2.8M | $6.0M |
| Total debt | $0.3M | $0.9M | $0.9M | $1.0M | $4.0M | $1.1M |
| Current assets | $2.1M | $5.8M | $2.9M | $4.7M | $4.7M | $7.5M |
| Current liabilities | $2.5M | $2.4M | $4.4M | $2.7M | $4.2M | $1.0M |
| Property and equipment, net | $0.1M | $0.1M | $0.3M | $0.1M | $0.0M | $0.1M |
| Goodwill | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Intangible assets | $0.0M | $0.2M | $0.3M | $0.2M | $0.2M | $0.2M |
| Total assets | $4.8M | $8.7M | $6.4M | $7.9M | $8.6M | $11.2M |
| Total liabilities | $2.7M | $3.6M | $5.8M | $4.0M | $5.4M | $2.4M |
| Preferred stock | β | β | $0.0M | β | β | β |
| Shareholders' equity | $2.1M | $4.9M | $0.5M | $3.8M | $3.0M | $8.7M |
| Margins | ||||||
| Operating margin | β928.8% | β | β224.3% | β173.0% | β303.9% | β244.0% |
| EBITDA margin | β883.8% | β | β210.2% | β155.7% | β280.2% | β219.6% |
| Net margin | β1,181.8% | β | β224.5% | β167.5% | β407.0% | β265.2% |
| FCF margin | β510.3% | β | β118.3% | β172.3% | β289.9% | β182.6% |
| Net interest share of revenue | β20.2% | β | β0.2% | β1.6% | β | β |
| Returns | ||||||
| Return on capital | β699.8% | β311.8% | β9,971.1% | β397.9% | β174.0% | β158.7% |
| Return on capital employed | β355.6% | β141.9% | β614.9% | β152.3% | β211.3% | β74.5% |
| Return on equity | β515.2% | β260.8% | β453.2% | β362.2% | β370.0% | β141.7% |
| Return on assets | β222.0% | β134.4% | β160.4% | β106.8% | β152.1% | β83.9% |
| Return on tangible equity | β1,331.1% | β264.7% | β | β334.8% | β801.4% | β114.1% |
| Growth | ||||||
| Revenue growth | β | β100.0% | β | β15.3% | β32.4% | 1.9% |
| Share count change | β | β68.1% | 25.6% | β90.0% | 132.4% | 181.9% |
| Financial health | ||||||
| Debt / equity | 0.2x | 0.2x | 1.9x | 0.3x | 1.3x | 0.1x |
| Current ratio | 0.9x | 2.4x | 0.6x | 1.7x | 1.1x | 7.8x |
| Quick ratio | 0.9x | 2.4x | 0.6x | 1.7x | 1.1x | 7.8x |
| Capital allocation | ||||||
| Capex / revenue | 14.4% | β | 0.6% | 0.1% | 0.5% | 1.5% |
| Stock comp / revenue | 278.5% | β | 44.6% | 16.7% | 42.7% | 30.9% |
| Quality scores | ||||||
| Piotroski F-score | β | 4.0 | 2.0 | 4.0 | 1.0 | 4.0 |
| Altman Z'' | β23.7 | β13.2 | β34.2 | β25.1 | β29.6 | β17.1 |
| Accruals ratio | β128.8% | β34.9% | β76.3% | 3.0% | β44.0% | β26.6% |
Source: SEC EDGAR XBRL filings (CIK 0001718939). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
