Quarterly ResultMay 14, 2026, 04:32 PM
Trust Stamp Q1 Revenue +39% to $757K; EPS Loss Narrows to $0.42
AI Summary
Trust Stamp filed its Q1 2026 10-Q report, reporting a 39% increase in net recognized revenue to $757 thousand, primarily due to an S&P 500 bank customer contract amendment. Despite an increase in total operating expenses to $3.03 million, the basic and diluted net loss per share significantly narrowed to $0.42 from $0.89 in the prior year. The company anticipates significant billable revenue from new clients in Q2 and beyond and is seeing interest in its Wallet of Wallets (WoWTM) product, pending legislative clarity on stablecoin governance.
Key Highlights
- Net recognized revenue increased 39% to $757 thousand in Q1 2026 from $545 thousand in Q1 2025.
- Revenue increase primarily due to S&P 500 bank customer contract amendment, adding $236 thousand.
- Total Operating Expenses rose to $3.03 million in Q1 2026 from $2.71 million in Q1 2025.
- Comprehensive Loss increased 3.4% to $2.23 million in Q1 2026 from $2.16 million in Q1 2025.
- Basic and diluted net loss per share narrowed to $0.42 in Q1 2026 from $0.89 in Q1 2025.
- Cash and Cash Equivalents were $3.89 million as of March 31, 2026.
- Total Current Assets were $5.34 million as of March 31, 2026.