Quarterly ResultMay 14, 2026, 04:33 PM
Trust Stamp Q1 Revenue Jumps 39% to $757K; Loss Per Share Improves
AI Summary
Trust Stamp reported its first-quarter 2026 financial results, with net recognized revenue increasing by 39% to $757 thousand, up from $545 thousand in the prior year. This growth was largely driven by a 2025 contract amendment with an S&P 500 bank customer. While total operating expenses rose to $3.03 million, the company saw an improvement in its basic and diluted net loss per share, which decreased to $0.42 from $0.89 year-over-year. The company anticipates significant billable revenue from new clients in Q2 and beyond, with a growing pipeline and interest in its Wallet of Wallets (WoWTM) platform.
Key Highlights
- Net recognized revenue increased 39% to $757 thousand in Q1 2026.
- Revenue growth primarily from S&P 500 bank contract amendment, adding $236 thousand.
- Basic and diluted net loss per share improved to $0.42 from $0.89 YoY.
- Total Operating Expenses rose to $3.03 million, up $318 thousand.
- Comprehensive Loss increased 3.4% to $2.23 million.
- Cash and Cash Equivalents were $3.89 million as of March 31, 2026.
- Total Current Assets stood at $5.34 million.
Price Impact
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