Quarterly ResultMay 14, 2026, 04:38 PM
authID Q1 Revenue $0.5M, Adjusted EBITDA Loss $3.4M
AI Summary
authID Inc. reported its first-quarter 2026 financial results, with total revenue increasing to $0.5 million from $0.3 million year-over-year. The company's Adjusted EBITDA loss improved to $3.4 million from $3.9 million in the prior year. authID also highlighted significant operational progress, including building a $40 million pipeline, launching a quantum-resistant biometric identity platform, expanding partnerships, and securing $4.2 million in bridge financing post-quarter.
Key Highlights
- Total revenue for Q1 2026 was $0.5 million, up from $0.3 million in Q1 2025.
- Net loss for Q1 2026 was $4.5 million, or $0.28 per share, compared to a loss of $4.4 million, or $0.40 per share a year ago.
- Adjusted EBITDA Loss improved to $3.4 million in Q1 2026 from $3.9 million in Q1 2025.
- Gross Booked Annual Recurring Revenue (bARR) increased to $0.08 million in Q1 2026 from $0.01 million a year ago.
- Annual Recurring Revenue (ARR) as of Q1 2026 was $1.9 million, up from $1.2 million as of Q1 2025.
- Secured $4.2 million in bridge financing subsequent to the quarter end.
- Built a $40 million pipeline represented by 20 major accounts.
Price Impact
More from AUID