| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 0.76 | 38.2% |
| Total Income | 0.76 | 38.2% |
| Expenditure | 3.03 | 11.8% |
| PBT | -2.23 | |
| Net Profit | -2.23 | 3.2% |
| OPM | — | |
| NPM | — | |
| EPS | -0.42 | 52.8% |
Trust Stamp Reports Q1 2026 Revenue Up 39% YoY
15 May 2026 · 15 May, 2:02 am
Summary
Trust Stamp reported a 39% increase in net recognized revenue for Q1 2026, reaching $757 thousand compared to $545 thousand in Q1 2025. The growth was mainly driven by an amendment to the S&P 500 bank customer contract. Total operating expenses increased to $3.03 million, and the comprehensive loss was $2.23 million, a slight increase year-over-year. The company anticipates significant billable revenue in Q2 and beyond from new major clients and sees growing interest in its Wallet of Wallets (WoWTM) platform.
Key Highlights
- 1
Trust Stamp's net recognized revenue for the three months ended March 31, 2026, increased by 39% to $757 thousand from $545 thousand in the corresponding period of 2025.
- 2
The revenue increase was primarily due to the S&P 500 bank customer contract amendment in 2025, which contributed an additional $236 thousand compared to Q1 2025.
- 3
Total Operating Expenses for the three months ended March 31, 2026, rose to $3.03 million, compared to $2.71 million in the same period of 2025.
- 4
Comprehensive Loss for the three months ended March 31, 2026, amounted to $2.23 million, a 3.4% increase from $2.16 million in the corresponding period of 2025.
- 5
Basic and diluted net loss per share were $0.42 for the three months ended March 31, 2026, compared to $0.89 per share for the corresponding period in 2025.
- 6
Cash and Cash Equivalents as of March 31, 2026, totaled $3.89 million, contributing to Total Current Assets of $5.34 million.
Management Comments
Gareth N. Genner
The increase in recognized revenue in Q1 reflects a high level of continued performance on our historic engagements in parallel to our work with two new major clients that we anticipate will result in significant billable revenue in Q2 and beyond. Our pipeline of substantial revenue prospects has continued to grow and mature and we are seeing significant interest in our WoWTM which will launch once there is resolution of the continuing legislative uncertainties regarding stablecoin governance.
Informational and educational content only. Not investment advice.