Free cash flow remains deeply negative with quarterly burn rates consistently exceeding $2.5M, leaving the firm with a severely diminished liquidity buffer of only $1.2M as of 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Cash from Operations | -13.05M | -14.99M | -11.62M | -8.37M | -12.79M | -8.76M | -4.67M | -6.06M | -5.95M | -6.54M | -3.79M | -2.52M | -362.81K | -900.59K | -1.9K | -943 |
| Operating CF Margin % | - | -734.64% | -1311.14% | -4400.07% | -2425.87% | -1428.09% | -218.09% | -237.27% | -155.4% | -283.9% | -196.32% | -343.09% | - | - | -0.02% | - |
| Operating CF Growth % | 1.62% | -28.98% | -38.82% | 34.56% | -46.03% | -87.68% | 22.9% | -1.76% | 9.03% | -72.64% | -50.18% | -595.38% | 59.71% | -47299.58% | -101.48% | - |
| Net Income | -18.06M | -17.93M | -14.28M | -19.4M | -23.68M | -17.67M | -11.3M | -10.5M | -10.03M | -17.48M | -9.85M | -36.68M | -904.69K | -976.24K | -1.85K | -1.34K |
| Depreciation & Amortization | -14.38K | 4.12K | 179.07K | 255.86K | 749.9K | 1.16M | 1.25M | 790.37K | 493.7K | 475.21K | 421.49K | 147.05K | 148.84K | 44.53K | 42.01K | 0 |
| Stock-Based Compensation | 2.99M | 3.44M | 2.61M | 487.4K | 0 | 6.7M | 823.56K | 1.25M | 2.43M | 5.65M | 8.65M | 6.32M | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.67M | 496.93K | 4.32M | -7.12M | 26.92M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.18M | 144.71K | 166.18K | 9.44M | 10.99M | 723.54K | 3.14M | 150.84K | 820.95K | 1.08M | 3.48M | 1.54M | 71.62K | -39.54K | -54.13K | 0 |
| Working Capital Changes | 854.69K | -647.79K | -302.44K | 846.69K | -854.07K | 320.12K | 1.42M | 586.25K | -164.34K | -581.61K | 639.36K | -774.92K | 321.42K | 31.12K | -50 | 400 |
| Change in Receivables | 1.33M | 426.31K | -583.2K | 170.53K | -234.96K | -92.91K | 45.32K | -5.77K | 20.76K | -36.96K | 682.53K | -448.36K | 0 | 117.92K | -117.92K | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 9.74K | -109.21K | -50.65K | -1.52K | -354.23K | -190.47K | -433.6K | 0 | 64.73K | 0 | 0 |
| Change in Payables | 114.15K | 0 | 0 | 0 | -669.29K | 0 | 0 | 453.67K | -84.51K | 90.35K | -248.07K | 229.68K | 165.39K | -39.54K | 0 | 0 |
| Cash from Investing | -20.4K | -22.1K | -65.79K | 75.15K | -182.27K | -116.74K | -299.44K | -1.63M | -1.38M | -907.68K | 119.67K | -187K | -407.04K | -231.86K | -348.07K | 0 |
| Capital Expenditures | -1.7K | -22.1K | -65.79K | -16.6K | -13.34K | -26.7K | -22.72K | -27.36K | -59.09K | -13.25K | -42.77K | -53.89K | -472.66K | -231.86K | 0 | 0 |
| CapEx % of Revenue | 0.08% | 1.08% | 7.42% | 8.72% | 2.53% | 4.35% | 1.06% | 1.07% | 1.54% | 0.57% | 2.22% | 7.33% | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 91.75K | 146.73K | 0 | 0 | 0 | 0 | 0 | 419.04K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -18.7K | 0 | 0 | 0 | -315.66K | -90.04K | -276.71K | -1.6M | -1.32M | -894.43K | -256.61K | -133.12K | 65.61K | -231.86K | -348.07K | 0 |
| Cash from Financing | 11.4M | 11.15M | 9.99M | 15.38M | 10.23M | 11.09M | 8.18M | 3.31M | 7.92M | 11.19M | 3.75M | 2.85M | 923.8K | 1.12M | 50 | 2.94K |
| Debt Issued (Net) | 0 | -245K | 0 | 471.82K | 7.33M | 485.76K | 445.6K | 376.81K | -1.03M | 2.91M | 2.73M | 3.15M | 923.8K | 290.96K | 0 | 0 |
| Equity Issued (Net) | 13.91M | 13.91M | 9.99M | 14.91M | 3.21M | 10.28M | 5.08M | 2.93M | 9.61M | 9M | 1.25M | 0 | 0 | 829.28K | 800 | 2K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.52M | -2.52M | 0 | 0 | -312.16K | 318.07K | 2.65M | 0 | -658.87K | -724.58K | -227.31K | -356.6K | 0 | 0 | 180.23K | 943 |
| Net Change in Cash | -1.68M | -3.86M | -1.71M | 6.94M | -2.53M | 2.27M | 3.2M | -4.41M | 558.51K | 3.72M | 339.23K | 190.58K | 153.95K | -12.22K | -1.85K | 2K |
| Free Cash Flow | -13.05M | -14.99M | -11.69M | -8.39M | -12.8M | -8.79M | -4.69M | -6.08M | -6.01M | -6.55M | -3.83M | -2.58M | -835.47K | -1.13M | -1.9K | -943 |
| FCF Margin % | -586.71% | -734.64% | -1318.56% | -4408.79% | -2427.2% | -1432.44% | -219.15% | -238.34% | -156.95% | -284.48% | -198.54% | -350.41% | - | - | -0.02% | - |
| FCF Growth % | 7.34% | -28.26% | -39.33% | 34.46% | -45.67% | -87.34% | 22.87% | -1.21% | 8.31% | -71.06% | -48.7% | -208.43% | 26.22% | -59502.74% | -101.48% | - |
| FCF per Share | -0.81 | -1.15 | -1.15 | -1.36 | -4.18 | -3.30 | -2.08 | -2.93 | -3.36 | -4.65 | -4.23 | -3.52 | -1.24 | -4.27 | -0.02 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.72x | 0.84x | 0.81x | 0.43x | 0.53x | 0.50x | 0.41x | 0.58x | 0.59x | 0.37x | 0.38x | 0.07x | 0.40x | 0.92x | -0.01x | 0.70x |
| Interest Paid | 0 | 0 | 32.47K | 23.71K | 0 | 11.58K | 9.45K | 10.77K | 173.43K | 11.02K | 11.05K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 4.12K | 0 | 12.89K | 36.22K | 62.93K | 17.3K | 6.96K | 2.95K | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity shortfall risk
As reported in quarterly filings, authID consistently exhibits a significant gap between net losses and operating cash flow, with OCF/NI ratios frequently fluctuating between 0.66 and 1.23, suggesting that non-cash expenses like stock-based compensation are masking the true economic severity of the company's ongoing operational cash burn.
The persistent divergence between accounting losses and cash outflows indicates that the company relies heavily on equity-based incentives to manage its cost structure. Investors should monitor whether this reliance on non-cash compensation creates a ceiling for future operational efficiency as the company attempts to scale its IDaaS platform.
Based on the provided financial statements, authID's free cash flow trajectory remains deeply negative, with quarterly burn rates consistently exceeding $2.5M, which underscores the company's inability to generate self-sustaining cash flow despite its reported 130% year-over-year revenue growth in the most recent periods.
The lack of a clear path toward positive free cash flow suggests that the current business model is highly capital-intensive and requires constant external funding. This trend warrants further investigation into whether the company can achieve operating leverage before its current cash reserves are fully exhausted.
According to historical cash flow data, working capital changes have been highly erratic, swinging from a $1.3M inflow in 2025Q3 to a $1.5M outflow in 2025Q1, which indicates that the company's cash conversion cycle is currently unstable and sensitive to lumpy enterprise contract timing.
These fluctuations suggest that the company's cash position is highly vulnerable to the timing of customer payments and potential inventory build-ups related to its legacy segments. Such volatility complicates cash flow forecasting and may indicate underlying inefficiencies in the company's accounts receivable and payable management processes.
As indicated by the cash flow statements, the company's reliance on stock-based compensation, which reached over $1M in multiple quarters, effectively obscures the true cash cost of talent acquisition, making the reported operating losses appear less severe than the actual cash-burn velocity experienced by the business.
By stripping out these non-cash adjustments, it becomes clear that the company's cash-burn rate is significantly higher than the net income figures suggest. This discrepancy warrants caution, as it implies that the company's operational viability is heavily dependent on its ability to continue issuing equity to fund its daily activities.
Quick answers to the most common questions about buying AUID stock.
authID Inc. (AUID) generated $-15.0M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
authID Inc. (AUID) reported negative free cash flow of $15.0M in 2025, indicating capital requirements exceeded cash from operations.
authID Inc. (AUID) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.