Quarterly ResultMay 14, 2026, 04:07 PM
authID Q1 Revenue $0.5M, +66% YoY; Adjusted EBITDA Loss Narrows
AI Summary
authID Inc. reported Q1 2026 financial results, with total revenue increasing 66% to $0.5 million and Adjusted EBITDA Loss narrowing to $3.4 million. The company's net loss was $4.5 million, or $0.28 per share, an improvement in EPS from the prior year. authID also secured $4.2 million in bridge financing post-quarter, launched a quantum-resistant biometric identity platform, and expanded its strategic partnerships, contributing to a growing $40 million enterprise pipeline.
Key Highlights
- Total revenue for Q1 2026 was $0.5 million, up 66% from $0.3 million YoY.
- Adjusted EBITDA Loss narrowed to $3.4 million from $3.9 million a year ago.
- Net loss was $4.5 million, or $0.28 per share, compared to $4.4 million, or $0.40 per share YoY.
- Gross bARR increased to $0.08 million from $0.01 million a year ago.
- Secured $4.2 million in bridge financing subsequent to quarter end.
- Annual Recurring Revenue (ARR) as of Q1 2026 was $1.9 million, up from $1.2 million YoY.
- Remaining Performance Obligation (RPO) was $2.0 million as of March 31, 2026.
- Launched PrivacyKey™ platform with quantum-resistant cryptography.
- Expanded strategic partnership program by adding Formula5.
- Built a $40 million pipeline represented by 20 major accounts.