T Stamp | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 757 K

Revenue: As of FY2026 Q1, the actual value is USD 757 K, missing the estimate of USD 1.046 M.

EPS: As of FY2026 Q1, the actual value is USD -0.42, missing the estimate of USD -0.39.

Net Recognized Revenue

Net recognized revenue for T Stamp Inc. for the three months ended March 31, 2026, was $757 thousand, marking a 39% increase from $545 thousand for the corresponding period in 2025. This increase was primarily due to a 2025 S&P 500 bank customer contract amendment, which boosted recognized revenue by $236 thousand compared to the prior year’s corresponding period. Recognized revenue for Q1 did not include services delivered to new customers, which are expected to result in billable revenue in Q2 and beyond.

Total Operating Expenses

Total Operating Expenses for the three months ended March 31, 2026, were $3.03 million, an increase of $318 thousand from $2.71 million in the corresponding period of 2025. This rise included one-time acquisition expenses related to Lexverify, development expenses for the Wallet of Wallets (WoWTM), timing differences in RSU expense recognition, and an increased cost of sales associated with higher recognized revenue.

Comprehensive Loss

Comprehensive Loss for the three months ended March 31, 2026, was $2.23 million, a 3.4% increase year over year compared to $2.16 million for the three months ended March 31, 2025.

Basic and Diluted Net Loss Per Share

Basic and diluted net loss per share was - $0.42 per share for the three months ended March 31, 2026, compared to - $0.89 per share for the corresponding period in 2025.

Cash and Cash Equivalents

As of March 31, 2026, Cash and Cash Equivalents were $3.89 million.

Total Current Assets

Total Current Assets, including cash, receivables, and prepaid expenses, amounted to $5.34 million as of March 31, 2026.

Outlook / Guidance

T Stamp Inc. anticipates significant billable revenue in Q2 and beyond from two new major clients and has seen its pipeline of substantial revenue prospects grow and mature. There is significant interest in the Wallet of Wallets (WoWTM), which is slated for launch once legislative uncertainties regarding stablecoin governance are resolved.