T Stamp Inc. Reports 62.4% Revenue Growth in Q2 2025 Despite Operating Losses

T Stamp Inc. reported its financial results for the second quarter and first half of 2025, revealing a net revenue of $812,667 for the three months ended June 30, 2025, a 62.4% increase from $500,395 in the same period last year. For the six months ended June 30, 2025, the company generated $1,358,138 in revenue, up 26.5% from $1,074,071 in the prior year. Despite this growth, T Stamp Inc. continues to face significant operating losses, reporting a net loss of $1,711,958 for the second quarter and $3,869,345 for the first half of 2025, compared to losses of $2,598,361 and $5,276,930, respectively, in the same periods of 2024.

The company’s operating expenses decreased to $2,495,272 in the second quarter, down from $3,125,761 a year earlier, primarily due to a reduction in selling, general, and administrative expenses, which fell by 32.9% to $1,430,853. This reduction was attributed to cost-cutting measures, including a decrease in salaries and stock-based compensation, as well as a reduction in the sales team. Research and development expenses also saw a decline of 9.1%, reflecting a strategic shift in resource allocation.

In terms of operational developments, T Stamp Inc. has made significant strides in expanding its customer base and product offerings. The company onboarded 101 financial institutions, including 88 through a partnership with FIS, and has seen increased transaction volumes. The Master Technology Services Agreement with QID Technologies LLC, effective January 1, 2025, is expected to contribute a minimum of $100,000 per month, with potential increases thereafter. Additionally, T Stamp has opened a new office in Tokyo to pursue opportunities in the Asia-Pacific region, furthering its geographic expansion.

The company’s financial position has been impacted by a significant decrease in cash and cash equivalents, which fell to $292,054 as of June 30, 2025, down from $2,783,321 at the end of 2024. T Stamp Inc. has an accumulated deficit of $65.33 million and negative working capital of $208,000. Management has indicated that the company will need to raise additional capital to meet its operational needs over the next twelve months, as it continues to negotiate significant revenue opportunities. The outlook remains cautious, with management emphasizing the need for successful capital raising efforts to ensure the company’s viability moving forward.