T Stamp Inc. Class A Common Stock (IDAI)

FairStock Score: 52/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for a durable business earning real money. T Stamp sells identity-authentication software for governments and enterprises, but it is not yet that. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $899,949 and net income was -$2.7M. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $756,832 and net income was -$2.2M. For FY2025, ended 2025-12-31, revenue was $3.1M and net income was -$8.3M; for FY2024, ended 2024-12-31, revenue was also $3.1M and net income was -$12.5M. Losses remain huge relative to sales. At the 2026-10-13 close of $2.91, market cap is $16.4M, while FairStock shows P/E -1.49, P/B 3.55, ROE -253.32%, ROCE -58.35%, D/E 1.30, and FCF yield -52.6% on TTM FCF of -$8.7M. Altman Z is -7.00 and Piotroski is 4/9. These are not the marks of a financially strong enterprise. Identity authentication is competitive, and with 72 employees, I see no evidence of a moat or pricing power. Revenue did not grow from FY2024 to FY2025, and quarterly revenue is still below $1M. The stock may trade on hope, but I require a margin of safety. Until revenue scales, losses narrow, and cash flow turns positive, the price looks speculative rather than cheap.

In plain English: T Stamp makes software that helps governments and businesses verify identities and fight fraud. The business is weak right now: it loses millions each year and burns cash, with losses far larger than its roughly $3 million annual revenue. At $2.91 on 2026-10-13, the price looks expensive compared with those numbers, so the shares depend on a big future turnaround.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer