The company's financial position appears vulnerable, with an equity base that declined to $7.2M in 2026Q1 and a significant $1.5M goodwill balance that may be subject to future impairment.
| Total Current Assets | 5.34M | 7.48M | 4.67M | 4.7M | 2.87M | 5.76M | 2.08M | 558.53K | 1.36M | 1.83M |
| Cash & Short-Term Investments | 3.89M | 6.04M | 2.78M | 3.14M | 1.25M | 3.48M | 1.47M | 331.76K | 167.7K | 1.63M |
| Cash Only | 3.89M | 6.04M | 2.78M | 3.14M | 1.25M | 3.48M | 1.47M | 331.76K | 167.7K | 1.63M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 951.52K | 938.44K | 1.44M | 686.33K | 1.34M | 1.77M | 195.11K | 87.76K | 1.15M | 105.22K |
| Days Sales Outstanding | 113.39 | 109.1 | 170.56 | 54.93 | 90.7 | 175.47 | 26.89 | 15.19 | 504.38 | 81.44 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 489.44K | 51.91K | 26.53K | 653.99K | 55.98K | 0 | 201K | 100.6K | 0 | 0 |
| Total Non-Current Assets | 4.4M | 3.76M | 3.93M | 3.2M | 3.54M | 2.9M | 2.73M | 3.43M | 2.26M | 1.97M |
| Property, Plant & Equipment | 140.92K | 160.76K | 1.73M | 221.18K | 2.04M | 1.27M | 1.26M | 1.17M | 903.76K | 420.17K |
| Fixed Asset Turnover | 3.34x | 19.53x | 1.78x | 20.62x | 2.65x | 2.89x | 2.10x | 1.81x | 0.92x | 1.12x |
| Goodwill | 1.47M | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M | 1.25M |
| Intangible Assets | 183.9K | 181.03K | 213.28K | 1.7M | 251.69K | 201.81K | 22.38K | 8.77K | 16.07K | 4.55K |
| Long-Term Investments | 2.79M | 444.63K | 719.21K | 0 | 2.07K | 0 | 0 | 962K | 94.39K | 0 |
| Other Non-Current Assets | 1.91M | 1.73M | 17.79K | 29.47K | 0 | 178.14K | 197.96K | 47.01K | 94.39K | 296.99K |
| Total Assets | 9.74M | 11.24M | 8.6M | 7.89M | 6.41M | 8.66M | 4.81M | 3.99M | 3.62M | 3.8M |
| Asset Turnover | 0.35x | 0.28x | 0.36x | 0.58x | 0.84x | 0.42x | 0.55x | 0.53x | 0.23x | 0.12x |
| Asset Growth % | 92.57% | 30.68% | 8.95% | 23.1% | -26% | 80.03% | 20.56% | 10.17% | -4.6% | - |
| Total Current Liabilities | 1.01M | 952.47K | 4.17M | 2.71M | 4.45M | 2.4M | 2.45M | 659.12K | 330.26K | 910.84K |
| Accounts Payable | 352.59K | 146.21K | 298.21K | 1.23M | 945.16K | 304.14K | 380.52K | 150.54K | 34.34K | 100.33K |
| Days Payables Outstanding | 54.7 | 38.53 | 101.97 | 491.94 | 193.25 | 96.44 | 91.36 | 78.19 | 46.34 | 1.21K |
| Short-Term Debt | 24.42K | 56.88K | 3.06M | 0 | 296.65K | 0 | 344.22K | 115K | 0 | 0 |
| Deferred Revenue (Current) | 982.82K | 71.32K | 141.17K | 10.8K | 1.81M | 783.54K | 469.11K | 0 | 25K | 793.42K |
| Other Current Liabilities | 465.22K | 0 | 0 | 359.33K | 550.39K | 0 | 1.26M | 339.74K | 191.69K | 0 |
| Current Ratio | 5.28x | 7.85x | 1.12x | 1.73x | 0.65x | 2.40x | 0.85x | 0.85x | 4.12x | 2.01x |
| Quick Ratio | 5.28x | 7.85x | 1.12x | 1.73x | 0.65x | 2.40x | 0.85x | 0.85x | 4.12x | 2.01x |
| Cash Conversion Cycle | 58.69 | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.39M | 1.4M | 1.25M | 1.26M | 1.34M | 1.23M | 287.75K | 3.24M | 3.97M | 3.73M |
| Long-Term Debt | 1.13M | 1.15M | 951.73K | 953.88K | 886.47K | 856.26K | 0 | 717.25K | 2.82M | 2.6M |
| Capital Lease Obligations | 72.56K | 0 | 38.37K | 53.77K | 191.17K | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 250.67K | 251.47K | 255.04K | 256.54K | 261.57K | 374.69K | 287.75K | 2.52M | 1.16M | 1.13M |
| Total Liabilities | 2.4M | 2.35M | 5.41M | 3.98M | 5.79M | 3.63M | 2.74M | 3.9M | 4.3M | 4.64M |
| Total Debt | 1.16M | 1.2M | 4.13M | 1.09M | 1.37M | 856.26K | 344.22K | 832.25K | 2.82M | 2.6M |
| Net Debt | -2.73M | -4.84M | 1.35M | -2.05M | 119.79K | -2.62M | -1.13M | 500.49K | 2.65M | 967.5K |
| Debt / Equity | 0.16x | 0.14x | 1.30x | 0.28x | 2.20x | 0.17x | 0.17x | 9.14x | - | - |
| Debt / EBITDA | -0.17x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.39x | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -66.63x | -54.21x | -19.79x | -107.25x | -1356.76x | -225.64x | -57.45x | -20.67x | -10.35x | -12.16x |
| Total Equity | 7.34M | 8.89M | 3.19M | 3.91M | 625.14K | 5.03M | 2.07M | 91.05K | -678.34K | -845.03K |
| Equity Growth % | 449.36% | 178.73% | -18.55% | 526.24% | -87.58% | 142.75% | 2177.39% | 113.42% | 19.73% | - |
| Book Value per Share | 2.36 | 2.86 | 2.89 | 8.24 | 1.98 | 20.04 | 13.16 | 0.80 | -8.25 | -10.27 |
| Total Shareholders' Equity | 7.18M | 8.73M | 3.03M | 3.75M | 463.7K | 4.87M | 1.91M | -72.19K | -843.03K | -1.01M |
| Common Stock | 52.85K | 52.46K | 20.23K | 91.43K | 48.54K | 40.95K | 176.97K | 19.25K | 9 | 8 |
| Retained Earnings | -72.01M | -69.78M | -61.46M | -50.85M | -39.3M | -27.21M | -18.15M | -7.47M | -5.32M | -2.7M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 35.31K | 11.25K | 181.15K | 139.67K | 218.71K | 183.9K | -421.96K | -225.03K | -2.38K | 0 |
| Minority Interest | 161.44K | 161.44K | 161.44K | 161.44K | 161.44K | 161.44K | 163.18K | 163.25K | 164.7K | 165.36K |
Dilutive capital dependency
As reported in recent quarterly filings, T Stamp Inc.'s equity base has experienced significant volatility, declining from $8.7M in 2025Q4 to $7.2M in 2026Q1, which reflects the ongoing struggle to stabilize the company's financial position while maintaining its core research and development initiatives.
The downward trend in equity suggests that persistent operating losses are eroding the company's net worth, leaving little room for error. Investors should monitor whether this trajectory forces management to prioritize capital preservation over the strategic investments required to scale their identity token technology.
Based on the latest balance sheet data, the company's cash position of $3.9M in 2026Q1 provides a limited runway, especially when contrasted with the historical quarterly cash burn rates observed in previous periods, indicating a heightened reliance on external financing to sustain ongoing operations.
While the current ratio of 5.28 appears superficially healthy, it is heavily influenced by the composition of current assets which may not be easily liquidated. The lack of consistent, self-sustaining cash flow suggests that the company remains in a vulnerable liquidity state, susceptible to market-driven funding shocks.
According to financial statements, the accumulated deficit has ballooned to $72.0M as of 2026Q1, signaling that historical capital allocation has failed to generate the necessary returns to build a sustainable equity base for long-term shareholders.
The consistent growth in the accumulated deficit highlights the structural challenge of the business model, where equity is effectively being consumed to fund R&D and administrative overhead. This trend suggests that future value creation is heavily dependent on a successful pivot or a major commercial breakthrough rather than organic growth.
As evidenced by the balance sheet, the presence of $1.5M in goodwill as of 2026Q1 warrants further investigation, as it represents a significant portion of total assets that may be subject to impairment if the company's market valuation or growth prospects continue to falter.
The reliance on intangible assets to bolster the balance sheet may mask the underlying lack of tangible value in the current business model. Investors should be wary that any future write-downs of these intangibles could further weaken an already strained equity position.
Quick answers to the most common questions about buying IDAI stock.
As of 2025, T Stamp Inc. (IDAI) had total assets of $11.2M including $7.5M in current assets.
T Stamp Inc. (IDAI) carries total debt of $1.2M, offset by $6.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
T Stamp Inc. (IDAI) has total shareholders' equity (book value) of $8.7M ($2.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
T Stamp Inc. (IDAI) reported a current ratio of 7.85x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.