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T Stamp Inc. (IDAI) 10-Year Financial Performance & Capital Metrics

IDAI • • Industrial / General
TechnologyApplication SoftwareSecurity & Identity ManagementBiometric Security
AboutT Stamp Inc. develops and markets identity authentication software solutions for government, enterprise partners, and peer-to-peer markets in the United States, the United Kingdom, and Malta. The company's artificial intelligence powered solutions include researching and leveraging biometric science, cryptography, and data mining to deliver insightful identity & trust predictions while identifying and defending against fraudulent identity attacks. Its solution converts biometric and other identifying data into an Irreversibly Transformed Identity Token that serves as a secure tokenized identity. The company also offers solutions for privacy and data protection, document validation, identity verification, duplicate detection, and biometric capture. It serves banking/fintech; humanitarian and development services; biometrically secured email; KYC/AML compliance; government and law enforcement; P2P transactions, social media, and sharing economy; and real estate, travel, and healthcare industries. The company was incorporated in 2016 and is headquartered in Atlanta, Georgia.Show more
  • Revenue $3M -32.4%
  • EBITDA -$9M -12.8%
  • Net Income -$11M -38.9%
  • EPS (Diluted) -11.36 +29.3%
  • Gross Margin 65.37% -18.2%
  • EBITDA Margin -280.22% -66.9%
  • Operating Margin -303.91% -75.7%
  • Net Margin -344.06% -105.4%
  • ROE -298.58% +11.3%
  • ROIC -219.56% +51.6%
  • Debt/Equity 1.30 +365.8%
  • Interest Coverage -18.38 +82.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 1.4x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Shares diluted 100.0% in last year

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y7.89%
3Y-5.72%
TTM72.57%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-57.7%

EPS CAGR

10Y-
5Y-
3Y-
TTM48.76%

ROCE

10Y Avg-178.32%
5Y Avg-242.08%
3Y Avg-236.45%
Latest-194.89%

Peer Comparison

Biometric Security
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Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+471.54K834.66K2.11M2.65M3.68M5.39M4.56M3.08M
Revenue Growth %-0.77%1.53%0.26%0.39%0.46%-0.15%-0.32%
Cost of Goods Sold+30.28K270.49K702.74K1.52M1.15M1.79M914.18K1.07M
COGS % of Revenue0.06%0.32%0.33%0.57%0.31%0.33%0.2%0.35%
Gross Profit+441.27K564.17K1.41M1.13M2.53M3.6M3.65M2.01M
Gross Margin %0.94%0.68%0.67%0.43%0.69%0.67%0.8%0.65%
Gross Profit Growth %-0.28%1.49%-0.2%1.24%0.42%0.01%-0.45%
Operating Expenses+2.69M2.94M3.44M9.52M11.42M15.68M11.54M11.38M
OpEx % of Revenue5.7%3.53%1.63%3.6%3.1%2.91%2.53%3.69%
Selling, General & Admin1.49M2.21M2.28M6.38M8.31M12.44M8.38M8.51M
SG&A % of Revenue3.16%2.64%1.08%2.41%2.26%2.31%1.84%2.76%
Research & Development1.12M556.25K854.59K2.74M2.53M2.47M2.91M2.14M
R&D % of Revenue2.38%0.67%0.41%1.04%0.69%0.46%0.64%0.69%
Other Operating Expenses50.57K-10.71K303.05K406.24K573.75K760.5K244.59K729.4K
Operating Income+-2.25M-2.38M-2.04M-8.4M-8.89M-12.08M-7.89M-9.37M
Operating Margin %-4.76%-2.85%-0.97%-3.17%-2.42%-2.24%-1.73%-3.04%
Operating Income Growth %--0.06%0.14%-3.12%-0.06%-0.36%0.35%-0.19%
EBITDA+-2.17M-2.2M-1.73M-7.99M-8.32M-11.05M-7.66M-8.64M
EBITDA Margin %-4.6%-2.63%-0.82%-3.02%-2.26%-2.05%-1.68%-2.8%
EBITDA Growth %--0.01%0.21%-3.61%-0.04%-0.33%0.31%-0.13%
D&A (Non-Cash Add-back)77.74K179.72K303.05K406.24K573.75K1.03M232.59K730K
EBIT-2.19M-2.39M-2.04M-10.5M-9.02M-12.06M-7.86M-10.09M
Net Interest Income+-176.91K-228.22K-98.54K-182.79K-39.97K-8.89K-73.27K-509.78K
Interest Income3.25K2.45K7000000
Interest Expense180.17K230.67K98.61K182.79K39.97K8.89K73.27K509.78K
Other Income/Expense-126.34K-238.93K-100.66K-2.29M-167.91K8.46K238.68K-1.23M
Pretax Income+-2.37M-2.62M-2.14M-10.68M-9.06M-12.07M-7.65M-10.6M
Pretax Margin %-5.03%-3.14%-1.01%-4.03%-2.46%-2.24%-1.68%-3.44%
Income Tax+06.93K8.18K0021.08K-13.48K7.81K
Effective Tax Rate %0.98%1%1%1%1%1%1%1%
Net Income+-2.33M-2.62M-2.14M-10.68M-9.06M-12.09M-7.64M-10.61M
Net Margin %-4.93%-3.14%-1.02%-4.03%-2.46%-2.25%-1.67%-3.44%
Net Income Growth %--0.13%0.18%-3.98%0.15%-0.34%0.37%-0.39%
Net Income (Continuing)-2.37M-2.62M-2.14M-10.68M-9.06M-12.09M-7.64M-10.61M
Discontinued Operations00000000
Minority Interest165.36K164.7K163.25K163.18K161.44K161.44K161.44K161.44K
EPS (Diluted)+-28.28-31.90-18.93-67.80-36.06-38.32-16.07-11.36
EPS Growth %--0.13%0.41%-2.58%0.47%-0.06%0.58%0.29%
EPS (Basic)-28.28-31.90-18.93-67.80-36.06-38.32-16.07-11.36
Diluted Shares Outstanding82.24K82.24K113.21K157.57K251.16K315.52K475.17K1.1M
Basic Shares Outstanding82.24K82.24K113.21K157.57K251.16K315.52K475.17K1.1M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.83M1.36M558.53K2.08M5.76M2.87M4.7M4.67M
Cash & Short-Term Investments1.63M167.7K331.76K1.47M3.48M1.25M3.14M2.78M
Cash Only1.63M167.7K331.76K1.47M3.48M1.25M3.14M2.78M
Short-Term Investments00000000
Accounts Receivable105.22K1.15M87.76K195.11K1.77M1.34M686.33K1.44M
Days Sales Outstanding81.44504.3815.1926.89175.4790.754.93170.56
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets00100.6K201K055.98K653.99K26.53K
Total Non-Current Assets+1.97M2.26M3.43M2.73M2.9M3.54M3.2M3.93M
Property, Plant & Equipment420.17K903.76K1.17M1.26M1.27M2.04M221.18K1.73M
Fixed Asset Turnover1.12x0.92x1.81x2.10x2.89x2.65x20.62x1.78x
Goodwill1.25M1.25M1.25M1.25M1.25M1.25M1.25M1.25M
Intangible Assets4.55K16.07K8.77K22.38K201.81K251.69K1.7M213.28K
Long-Term Investments094.39K962K002.07K0719.21K
Other Non-Current Assets296.99K94.39K47.01K197.96K178.14K029.47K17.79K
Total Assets+3.8M3.62M3.99M4.81M8.66M6.41M7.89M8.6M
Asset Turnover0.12x0.23x0.53x0.55x0.42x0.84x0.58x0.36x
Asset Growth %--0.05%0.1%0.21%0.8%-0.26%0.23%0.09%
Total Current Liabilities+910.84K330.26K659.12K2.45M2.4M4.45M2.71M4.17M
Accounts Payable100.33K34.34K150.54K380.52K304.14K945.16K1.23M298.21K
Days Payables Outstanding1.21K46.3478.1991.3696.44193.25491.94101.97
Short-Term Debt00115K344.22K0296.65K03.06M
Deferred Revenue (Current)793.42K25K0469.11K783.54K1000K10.8K141.17K
Other Current Liabilities0191.69K339.74K1.26M0550.39K359.33K0
Current Ratio2.01x4.12x0.85x0.85x2.40x0.65x1.73x1.12x
Quick Ratio2.01x4.12x0.85x0.85x2.40x0.65x1.73x1.12x
Cash Conversion Cycle--------
Total Non-Current Liabilities+3.73M3.97M3.24M287.75K1.23M1.34M1.26M1.25M
Long-Term Debt2.6M2.82M717.25K0856.26K886.47K953.88K951.73K
Capital Lease Obligations00000191.17K53.77K38.37K
Deferred Tax Liabilities00000000
Other Non-Current Liabilities1.13M1.16M2.52M287.75K374.69K261.57K256.54K255.04K
Total Liabilities4.64M4.3M3.9M2.74M3.63M5.79M3.98M5.41M
Total Debt+2.6M2.82M832.25K344.22K856.26K1.37M1.09M4.13M
Net Debt967.5K2.65M500.49K-1.13M-2.62M119.79K-2.05M1.35M
Debt / Equity--9.14x0.17x0.17x2.20x0.28x1.30x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage-12.46x-10.31x-20.65x-45.93x-222.44x-1358.71x-107.68x-18.38x
Total Equity+-845.03K-678.34K91.05K2.07M5.03M625.14K3.91M3.19M
Equity Growth %-0.2%1.13%21.77%1.43%-0.88%5.26%-0.19%
Book Value per Share-10.27-8.250.8013.1620.041.988.242.89
Total Shareholders' Equity-1.01M-843.03K-72.19K1.91M4.87M463.7K3.75M3.03M
Common Stock8919.25K176.97K40.95K48.54K91.43K20.23K
Retained Earnings-2.7M-5.32M-7.47M-18.15M-27.21M-39.3M-50.85M-61.46M
Treasury Stock00000000
Accumulated OCI0-2.38K-225.03K-421.96K183.9K218.71K139.67K181.15K
Minority Interest165.36K164.7K163.25K163.18K161.44K161.44K161.44K161.44K

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-1.4M-2.29M-1.68M-4.48M-6.7M-6.34M-7.85M-8.92M
Operating CF Margin %-2.96%-2.74%-0.8%-1.69%-1.82%-1.18%-1.72%-2.89%
Operating CF Growth %--0.64%0.27%-1.67%-0.5%0.05%-0.24%-0.14%
Net Income-2.33M-2.62M-2.14M-10.68M-9.06M-12.09M-7.64M-10.61M
Depreciation & Amortization77.74K179.72K303.05K406.24K573.75K760.5K789K730K
Stock-Based Compensation51.43K293.25K40.22K2.52M2.78M2.4M763.29K1.32M
Deferred Taxes7.42K10.33K000000
Other Non-Cash Items241.48K430.82K-66.03K1.95M359.25K309.07K104.87K1.42M
Working Capital Changes551.14K-577.88K187.12K1.32M-1.36M2.29M-1.87M-1.78M
Change in Receivables100K-17.97K11.78K-51.28K-1.14M269.91K309.41K-624.45K
Change in Inventory-180.73K209.98K000000
Change in Payables5.62K-1.47K50.58K985.35K-73.56K630.49K260.52K-933.91K
Cash from Investing+-778.77K-674.83K-559.15K-512.16K-768.35K-998.19K-401.68K-906.67K
Capital Expenditures-280.11K-674.83K-4.39K-130.13K-34.22K-981.55K-4.71K-14.67K
CapEx % of Revenue0.59%0.81%0%0.05%0.01%0.18%0%0%
Acquisitions--------
Investments--------
Other Investing0-653.29K-554.76K-382.04K-734.14K13.36K-396.97K-892K
Cash from Financing+3.33M1.5M2.4M6.09M9.34M5.1M10.21M9.49M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing211.5K00-703.11K1.13M4.15M2.86M-106.75K
Net Change in Cash--------
Free Cash Flow+-1.68M-2.96M-2.24M-4.99M-7.47M-7.32M-8.63M-9.73M
FCF Margin %-3.56%-3.55%-1.06%-1.89%-2.03%-1.36%-1.89%-3.16%
FCF Growth %--0.77%0.24%-1.23%-0.5%0.02%-0.18%-0.13%
FCF per Share-20.38-36.02-19.77-31.70-29.74-23.20-18.17-8.81
FCF Conversion (FCF/Net Income)0.60x0.87x0.78x0.42x0.74x0.52x1.03x0.84x
Interest Paid00012830.21K0580180.56K
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)---2355.7%-987.06%-254.87%-427.35%-336.46%-298.58%
Return on Invested Capital (ROIC)--170.49%-119.23%-818.09%-396.66%-573.51%-453.79%-219.56%
Gross Margin93.58%67.59%66.68%42.59%68.7%66.85%79.95%65.37%
Net Margin-493.17%-314.32%-101.71%-403.41%-246.26%-224.54%-167.48%-344.06%
Debt / Equity--9.14x0.17x0.17x2.20x0.28x1.30x
Interest Coverage-12.46x-10.31x-20.65x-45.93x-222.44x-1358.71x-107.68x-18.38x
FCF Conversion0.60x0.87x0.78x0.42x0.74x0.52x1.03x0.84x
Revenue Growth-77.01%152.66%25.58%38.88%46.42%-15.32%-32.41%

Revenue by Segment

2021202220232024
Professional Services (Over Time)--4.26M1.51M
Professional Services (Over Time) Growth----64.57%
License Fees (Over Time)--300K573K
License Fees (Over Time) Growth---91.00%
Professional Services-4.42M--
Professional Services Growth----
License Fees-250K--
License Fees Growth----
Professional services (over time)3.48M---
Professional services (over time) Growth----
License fees (over time)200K---
License fees (over time) Growth----

Frequently Asked Questions

Growth & Financials

T Stamp Inc. (IDAI) reported $3.7M in revenue for fiscal year 2024. This represents a 691% increase from $0.5M in 2017.

T Stamp Inc. (IDAI) saw revenue decline by 32.4% over the past year.

T Stamp Inc. (IDAI) reported a net loss of $11.8M for fiscal year 2024.

Dividend & Returns

T Stamp Inc. (IDAI) has a return on equity (ROE) of -298.6%. Negative ROE indicates the company is unprofitable.

T Stamp Inc. (IDAI) had negative free cash flow of $8.1M in fiscal year 2024, likely due to heavy capital investments.

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