Despite the revenue growth, T Stamp acknowledged that the revenue figures fell short of the company's original projections due to delays in customer implementations for the QID contract. However, the company successfully redirected resources towards product development and onboarding new customers, which is expected to enhance operational efficiency moving forward.
Total operating expenses for the year were reported at $10.80 million, down from $12.45 million in 2024, marking a 13% reduction. This decrease in expenses, coupled with the revenue growth, contributed to a notable improvement in the company's financial health. T Stamp's basic and diluted net loss per share decreased significantly to $2.67 for the year, compared to $11.36 per share in 2024.
As of December 31, 2025, T Stamp's cash and cash equivalents stood at $6.04 million, with total current assets amounting to $7.48 million. The company also reported a decrease in total liabilities to $2.35 million from $5.41 million in the previous year, primarily due to the repayment of secured borrowings. Shareholder equity rose by 188% to $8.73 million, reflecting the company's improved financial position.
T Stamp also announced that it has successfully onboarded 100 financial institutions with over $350 billion in assets through its FIS platform, bringing the total number of customers to 114. The company reported a 247% increase in transaction starts for FIS-related institutions and a 30% increase in customer completion rates over the year. This growth in customer engagement is expected to further bolster T Stamp's market position and revenue potential in the coming years.
