T Stamp Inc

T Stamp Inc. develops identity authentication software and related proprietary technologies for enterprise, government, and peer-to-peer use cases. The company’s platform combines biometrics, cryptography, machine learning, and data-mining tools to protect sensitive data, reduce fraud, and enable digital identity verification across financial services and other sectors.

−219,6 %

−265,2 %

+1,9 %

7.85

7.85

— T Stamp Inc
%
Identity authentication software45% Core software used to verify identity, protect data, and support digital access workflows.
Enterprise software development and hosting30% Custom development, hosting, and support services delivered under customer agreements.
IP licensing and partner integrations15% Licensing of proprietary technology for use in third-party applications and platforms.
Digital wallet and token-related solutions10% Software for secure digital asset access, wallet functionality, and token identity use cases.

T Stamp sells primarily to enterprise and institutional customers that need identity verification, fraud reduction, and...

  • Financial institutionsprimary

    Banks and financial services firms buy identity authentication, orchestration, and KYC-related software to reduce fraud and support onboarding.

  • Payment and network partnersprimary

    Payment companies and network partners buy hosted software and implementation support for identity and transaction workflows.

  • Enterprise and government customerssecondary

    Organizations use the company’s software to secure access, protect data, and automate identity-related processes.

  • Technology licensing partnerssecondary

    Partners license Trust Stamp IP for integration into sector-specific applications such as healthcare, IoT, and smart home systems.

  • Consumer and peer-to-peer usersemerging

    End-users may use wallet and digital identity products for secure access to digital assets and services.

T Stamp is a U.S.-based company with operations and subsidiaries that extend beyond the United States, including Rwanda...

  • •United States is the core operating and customer market
  • •Rwanda subsidiary creates foreign-currency and operating exposure
  • •Africa is a referenced growth market for partner-led deployments
  • •Global licensing supports cross-border commercialization of IP
  • •Customer relationships span multinational financial institutions

The company is focused on commercializing proprietary identity, biometrics, and cryptography technologies through...

01
Expand financial-services customer relationshipsshort-term

Large institutions can provide recurring service, hosting, and implementation revenue.

02
Monetize proprietary IP through licensingmedium-term

Licensing can scale the technology into multiple industries without full direct-sales execution.

03
Develop crypto and wallet-related productsmedium-term

Identity-linked token and wallet tools extend the platform into digital asset markets.

T Stamp depends on a small number of large customer relationships, so contract timing, renewals, or terminations can...

high

Customer concentration

A limited number of institutional customers account for a meaningful share of revenue, so contract changes can quickly affect results.

Scope
S&P 500 bank, Mastercard, FIS, QID
Materiality
high
high

Financing dependence

The company has historically needed external capital to support operations and technology investment.

Scope
Equity raises and warrant exercises
Materiality
high
medium

Product commercialization risk

The company is investing in new wallet, crypto, and adjacent-market products that may take time to gain adoption.

Scope
StableKey, non-custodial wallet, partner licensing
Materiality
high
medium

Foreign exchange and cross-border operating risk

Subsidiary activity outside the U.S. can create translation gains/losses and operational complexity.

Scope
Rwanda subsidiary and intercompany balances
Materiality
medium
Revenue recognition under mixed contract types
Affects quarterly revenue timing and comparability
Capitalized technology development costs
Affects operating expense and asset balances
Warrant liability fair value
Can create non-cash volatility in net income
Foreign currency translation
Affects other expense and comprehensive income

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: 29.4.2026