Revenue: As of FY2026 Q1, the actual value is USD 2.549 M.

EPS: As of FY2026 Q1, the actual value is USD -0.18.

EBIT: As of FY2026 Q1, the actual value is USD -2.996 M.

Financial and Operational Metrics for Rank One Computing Corporation (Three Months Ended March 31)

Revenue by Product Line

• Total Revenue: Decreased by - $624,880 or -20%, from $3,173,522 in 2025 to $2,548,642 in 2026.
• Product Revenue: Declined by - $113,968 or -5%, from $2,437,466 in 2025 to $2,323,498 in 2026.
  • ROC SDK: Decreased by - $355,205 or -21%, from $1,677,506 in 2025 to $1,322,301 in 2026.
  • ROC Watch: Increased by $386,832 or 77%, from $502,648 in 2025 to $889,480 in 2026.
  • ROC ABIS: Increased by $50,154 or 255%, from $19,667 in 2025 to $69,821 in 2026.
  • ROC Enroll: Decreased by - $195,749 or -82%, from $237,645 in 2025 to $41,896 in 2026.
• R&D Contracts: Decreased by - $510,912 or -69%, from $736,056 in 2025 to $225,144 in 2026, primarily due to the completion of a significant prior-year R&D program.

Geographic Revenue

• United States: Revenue was $2,274,762 in 2026, down from $2,695,723 in 2025.
• Other (Non-US): Revenue was $273,880 in 2026, down from $477,799 in 2025.

Operational Performance

• Gross Profit: Decreased by - $508,136 or -20%, from $2,513,784 in 2025 to $2,005,648 in 2026.
• Gross Margin: Remained consistent at 79% for both 2026 and 2025.
• Loss from Operations: Increased to - $3,015,340 in 2026 from - $1,017,179 in 2025.
• Selling, General and Administrative Expenses: Increased by $956,504 or 48%, from $1,976,717 in 2025 to $2,933,221 in 2026, driven by higher personnel costs, professional services, and public company operating costs.
• Research and Development Expenses: Increased by $533,521 or 34%, from $1,554,246 in 2025 to $2,087,767 in 2026, mainly due to higher R&D headcount and investment in platform development.
• Net Loss: Increased to - $3,038,194 in 2026 from - $736,566 in 2025.
• Net Loss per Share (Basic and Diluted): Increased to - $0.18 in 2026 from - $0.05 in 2025.

Cash Flow

• Net Cash Used In Operating Activities: Increased to - $2,878,872 in 2026 from - $423,755 in 2025, primarily due to higher net loss.
• Net Cash Used in Investing Activities: Increased to - $622,199 in 2026 from - $206,250 in 2025, driven by higher spending on capitalized software and fixed assets.
• Net Cash Provided by Financing Activities: Significantly increased to $19,847,363 in 2026 from $108,481 in 2025, mainly due to $21.5 million net proceeds from the initial public offering.
• Net Increase (Decrease) In Cash: Resulted in an increase of $16,346,292 in 2026, compared to a decrease of - $521,524 in 2025.

Key Financial Position and Other Metrics

• Cash Balance: $16,616,852 as of March 31, 2026, up from $270,560 as of December 31, 2025.
• Working Capital: $16.5 million as of March 31, 2026.
• Capitalized Software: $1,133,413 as of March 31, 2026, compared to $726,582 as of December 31, 2025. Amortization is expected to commence in the second quarter of 2026.
• Stock-Based Compensation Expense: $142,470 for the three months ended March 31, 2026, compared to $89,819 for the same period in 2025.
• Deferred Revenue: $1,292,782 as of March 31, 2026, down from $1,382,995 as of December 31, 2025.
• Customer Concentration (March 31, 2026): Customer A accounted for 22% of Accounts Receivable and 26% of Total Revenue; Customer B accounted for 22% of Accounts Receivable and 22% of Total Revenue; Customer C accounted for 14% of Accounts Receivable.
• Line of Credit: Balance outstanding was $237,812 as of March 31, 2026, with approximately $2.3 million of borrowing capacity remaining.
• Purchase Obligations: Approximately $1.3 million in non-cancelable purchase commitments for equipment as of March 31, 2026.

Outlook and Strategy

Rank One Computing Corporation plans to make strategic investments to drive future growth and provide a comprehensive identity platform, especially benefiting from U.S. federal government policies and global aversion to foreign technology for ABIS contracts. The strategy involves owning a full stack of modular identity capabilities beyond biometrics, offering both comprehensive solutions and individual components. The company anticipates funding obligations from existing cash, operations, and its line of credit, with potential future equity or debt financing, and management believes there is no substantial doubt about its going concern ability for at least twelve months.