authID Inc. Achieves Record Revenue Amid Rising Losses

Ipsidy Inc. ( (AUID) ) has released its Q2 earnings. Here is a breakdown of the information Ipsidy Inc. presented to its investors.

authID Inc., a prominent player in the biometric identity verification and authentication sector, is recognized for its cutting-edge solutions that enhance security and user experience in digital transactions.

In its latest earnings report, authID Inc. announced record-breaking revenue for the second quarter of 2025, showcasing a significant increase compared to the previous year. Despite the impressive revenue growth, the company reported an increased net loss, primarily attributed to higher operating expenses.

The company achieved a total revenue of $1.4 million for the quarter, a substantial rise from $0.3 million in the same period last year. However, operating expenses also surged to $5.9 million from $3.6 million, leading to a net loss of $4.5 million. Notably, the company’s Booked Annual Recurring Revenue (bARR) saw a remarkable increase, indicating strong future revenue potential.

Strategically, authID launched IDX in collaboration with NEC, significantly expanding its market reach. The company also initiated a trial agreement with a Fortune Global 500 company and signed a partnership with Prove, enhancing its position in the identity management industry.

Looking ahead, authID’s management remains optimistic about sustaining growth momentum, driven by ongoing product enhancements and a robust sales pipeline, positioning the company for continued success in the biometric identity verification market.