Ipsidy (AUID) AI Stock Analysis

• Market Cap: $26.82M
• Dividend Yield: N/A
• Average Volume (3M): 151.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• Revenue Growth: 141.81%
• EPS Growth: -21.61%
• Country: US
• Employees: 46
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -0.39
• Shares Outstanding: 15,070,181
• 10 Day Avg. Volume: 103,499
• 30 Day Avg. Volume: 151,251
• PEG Ratio: 0.08
• Price to Book (P/B): 5.33
• Price to Sales (P/S): 69.28
• P/FCF Ratio: -5.25
• Enterprise Value/Market Cap: 0.62
• Enterprise Value/Revenue: 9.12
• Enterprise Value/Gross Profit: 9.45
• Enterprise Value/Ebitda: -0.91
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $1.50 ▲(45.63% Upside)

The score is driven primarily by very weak financial performance (sharp losses and heavy cash burn) with only partial balance-sheet support (zero debt). Technicals are mixed—recent strength above short-term averages but still below long-term trend and with elevated RSI—while valuation is constrained by a negative P/E. The latest earnings call added risk via reduced targets and negative net revenue, partially offset by ARR growth and enterprise traction.

Positive Factors

Improved capital structure (no debt)

Zero total debt and positive equity materially reduce solvency risk and give management optionality to fund operations or invest in growth without interest burdens. Over 2–6 months this supports runway and lowers bankruptcy risk versus peers with leverage.

Recurring revenue (ARR growth)

Expanding ARR demonstrates improving subscription traction and stickier revenue. Recurring streams enhance predictability, support gross retention focus, and provide a foundation for scaling sales and product investment over the medium term as enterprise adoption deepens.

Product innovation and partnerships

New products (PrivacyKey, IDX) and strategic integrations/partners (MajorKey, Prove, NESIC, retailer wins) strengthen competitive positioning and address enterprise security needs, improving differentiation and enabling cross-sell into large accounts over multiple quarters.

Negative Factors

Persistent negative cash flow

Sustained cash burn of roughly $15M TTM indicates the business is not self-funding at current scale, pressuring liquidity and necessitating external financing. Over months this can force dilutive raises or spending cuts that impede growth and product investment.

Declining revenue and extreme losses

Top-line contraction coupled with very large negative net margins signals structural mismatch between cost base and revenue. Without durable revenue recovery, losses will continue to erode equity and impede reinvestment capacity across the next several quarters.

Guidance cut and contractual concessions

A materially reduced BAR target and large concessions reflect longer enterprise sales cycles and contract risk. This suggests visibility on future bookings is weak and enterprise deals may be lumpy, undermining reliable revenue scaling and predictability in the medium term.

Ipsidy Business Overview & Revenue Model

Company Description

authID Inc. operates an Identity as a Service (IDaaS) platform that delivers a suite of secure, mobile, and biometric identity solutions worldwide. The company develops an IDaaS platform to enable users to verify and authenticate their identity through a mobile phone or desktop with camera. It provides VERIFIED, a multi-factor authentication solution designed to provide a secure and convenient application for identity verification and transaction consent; PROOF, which establishes the trusted identity of users based on chip based electronic machine-readable travel documents, national IDs, and drivers licenses, as well as direct verification by national registries and other international databases; AUTHENTIFID that delivers FIDO2 authentication for password less login and transaction authentication tied to a trusted identity; and IDENTITY – PORTAL, which allows an enterprise to enroll customers using the Ipsidy portal. The company also offers SEARCH, a biometric matching software for desktop fingerprint capture and image processing; CARDPLUS, a secure plastic identity credentials and loyalty card products. In addition, it provides payment processing solutions, such as TRANXA, a multi-application payment gateway and switch that provides payment solutions for online retailers and physical merchant locations; and an unattended kiosk application and backend management system, which is integrated with a transit ticketing system. The company was formerly known as Ipsidy Inc. and changed its name to authID Inc. authID Inc. was founded in 2009 and is headquartered in Denver, Colorado.

How the Company Makes Money

Ipsidy generates revenue primarily through its subscription-based model for identity verification services, charging clients a fee for access to its platform and services. Key revenue streams include transaction fees for each identity verification completed, as well as licensing agreements for its technology to partners in various industries. Significant partnerships with financial institutions and service providers enhance its market reach and contribute to recurring revenue. Additionally, Ipsidy may benefit from strategic collaborations that expand its product offerings and entry into new markets, further driving its earnings.

Ipsidy Financial Statement Overview

Summary

Financials are weak overall: revenue is down ~16% TTM, profitability is severely negative (TTM net margin ~-1,008%), and cash burn is substantial (TTM operating cash flow about -$14.9M; free cash flow about -$15.0M). The main offset is an improved balance sheet with zero total debt and positive equity, but persistent losses and cash outflows keep the risk elevated.

Income Statement

TTM (Trailing-Twelve-Months) revenue is down about 16% versus the prior period, showing weak top-line momentum. While gross margin is very high in the most recent periods (near break-even cost structure at the gross level), profitability is severely negative: TTM net margin is roughly -1,008%, with deeply negative EBIT and EBITDA margins as well. Losses have been persistent across all annual periods, indicating the cost base remains far above the current revenue scale despite some improvement from the extreme loss intensity seen in 2022–2023.

Balance Sheet

Leverage has improved materially: total debt is zero in TTM (Trailing-Twelve-Months) and was very low in 2023–2024, a sharp contrast to 2022 when debt was high relative to equity. Equity remains positive (about $8.9M in TTM), supporting a more stable capital structure. The key weakness is ongoing value destruction: return on equity is strongly negative in every period provided, reflecting sustained net losses that can pressure equity over time even with low debt.

Cash Flow

Cash generation is weak and worsening in absolute terms: TTM (Trailing-Twelve-Months) operating cash flow is about -$14.9M and free cash flow is about -$15.0M, both materially negative. Cash burn has been persistent every year shown, and the business is not self-funding at current scale. A relative positive is that free cash flow roughly tracks net income (free cash flow to net income near 1.0), suggesting limited non-cash distortion—but it also confirms losses are translating into real cash outflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.83M	886.49K	190.29K	527.41K	613.52K	2.14M
Gross Profit	1.77M	886.49K	190.29K	527.41K	613.52K	1.48M
EBITDA	-18.34M	-14.05M	-18.25M	-21.11M	-16.03M	-9.04M
Net Income	-18.49M	-14.28M	-19.40M	-24.23M	-17.67M	-11.30M
Balance Sheet
Total Assets	10.73M	14.47M	15.41M	9.37M	13.83M	13.87M
Cash, Cash Equivalents and Short-Term Investments	4.90M	8.47M	10.18M	3.24M	5.77M	3.84M
Total Debt	0.00	240.88K	224.42K	7.84M	742.37K	6.46M
Total Liabilities	1.82M	2.96M	2.21M	9.09M	2.93M	9.29M
Stockholders Equity	8.91M	11.52M	13.20M	283.54K	10.90M	4.58M
Cash Flow
Free Cash Flow	-14.99M	-11.69M	-8.39M	-12.80M	-8.79M	-4.69M
Operating Cash Flow	-14.94M	-11.62M	-8.37M	-12.79M	-8.76M	-4.67M
Investing Cash Flow	-49.91K	-65.79K	75.15K	-182.27K	-116.74K	-299.44K
Financing Cash Flow	8.16M	9.99M	15.38M	10.23M	11.09M	8.18M

Ipsidy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.03
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AUID, the sentiment is Positive. The current price of 1.03 is below the 20-day moving average (MA) of 1.33, below the 50-day MA of 1.23, and below the 200-day MA of 3.51, indicating a neutral trend. The MACD of 0.12 indicates Negative momentum. The RSI at 63.30 is Neutral, neither overbought nor oversold. The STOCH value of 49.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AUID.

Ipsidy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JG	58 Neutral	$43.64M	-86.86	-5.30%	―	20.68%	84.51%
BNAI	50 Neutral	$111.08M	-4.26	-218.30%	―	-24.72%	53.60%
AUID	46 Neutral	$26.82M	-1.11	-150.91%	―	141.81%	-21.61%
INTZ	42 Neutral	$20.91M	-1.64	-132.37%	―	33.49%	82.01%

Ipsidy Corporate Events

Ipsidy Completes Strategic Securities Offering

On November 21, 2025, authID Inc. entered into a securities purchase agreement with accredited investors to issue and sell 1,626,441 shares of common stock and pre-funded warrants in a registered offering. The offering, which closed on November 24, 2025, involved co-placement agents Dominari Securities LLC and Madison Global Partners, LLC, who received fees and warrants for their services. This strategic financial maneuver is expected to bolster authID Inc.’s capital, potentially enhancing its market positioning and operational capabilities.

The most recent analyst rating on (AUID) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Ipsidy stock, see the AUID Stock Forecast page.