About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Trust Stamp joins K-Startup Grand Challenge 2025 to Expand Privacy-First Identity Solutions in AsiaSEOUL, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI), The Privacy-First Identity Company™, has been selected as one of the top 40 participants in the K-Startup Grand Challenge 2025, South Korea’s premier acceleration program for innovative foreign startups. Backed by the Ministry of SMEs and Startups, the program supports high-potential global technology companies in establishing a presence in ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides essential administrative and identification details regarding the registrant and the nature of the filing [Registrant Details](index=1&type=section&id=Registrant%20Details) This section provides the fundamental identification details of the registrant, T Stamp Inc., including its incorporation state, principal executive offices, and stock market listing information - Registrant Name: **T STAMP INC.**[1](index=1&type=chunk) - State of Incorporation: **Delaware**[1](index=1&type=chunk) - Principal Executive Offices: **3017 Bolling Way NE, Floors 1 and 2, Atlanta, Georgia 30305**[1](index=1&type=chunk) Securities Registered | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :---------------------------- | :---------------- | :---------------------------------------- | | Class A Common Stock, $0.01 par value per share | IDAI | The NASDAQ Stock Market LLC | [Filing Status](index=1&type=section&id=Filing%20Status) The report indicates the company's status as an emerging growth company under SEC regulations - The registrant is an **emerging growth company**[4](index=4&type=chunk) [Current Report Items](index=2&type=section&id=Current%20Report%20Items) This section details the specific items reported in the current filing, including financial results and accompanying exhibits [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) T Stamp, Inc. announced its financial results for the six months ended June 30, 2025, through a press release issued on August 14, 2025, which is furnished as Exhibit 99.1 to this Form 8-K. The information is furnished, not filed, with the SEC - Announcement Date: **August 14, 2025**[5](index=5&type=chunk) - Reporting Period: **Six months ended June 30, 2025**[5](index=5&type=chunk) - Disclosure Method: **Press release (Exhibit 99.1)**[5](index=5&type=chunk) - Filing Status: Information is **furnished to, and not filed with, the SEC**[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section lists the exhibits accompanying the Form 8-K, which include the press release detailing the financial results and the interactive data file Exhibits Filed | Exhibit No. | Description | | :------------ | :---------------------------------------------- | | 99.1 | Press Release of the registrant issued August 14, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signatures](index=3&type=section&id=SIGNATURE) This section formally attests to the accuracy and completeness of the report through authorized signatures [Signature Details](index=3&type=section&id=Signature%20Details) The report was formally signed on behalf of T Stamp Inc. by its Chief Executive Officer, Gareth Genner, on August 14, 2025, confirming its compliance with the Securities Exchange Act of 1934 - Signatory: **Gareth Genner, Chief Executive Officer**[10](index=10&type=chunk) - Date of Signature: **August 14, 2025**[10](index=10&type=chunk)

PART I. FINANCIAL INFORMATION [Item 1. Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) Unaudited condensed consolidated financial statements and notes for T Stamp Inc. for periods ended June 30, 2025, and December 31, 2024 [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Presents T Stamp Inc.'s condensed consolidated balance sheets as of June 30, 2025, and December 31, 2024 | ASSETS (in USD) | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Cash and cash equivalents | $292,054 | $2,783,321 | | Accounts receivable, net | $812,517 | $332,931 | | Total Current Assets | $1,458,163 | $4,667,300 | | Total Assets | $5,658,750 | $8,599,824 | | LIABILITIES (in USD) | | | | Total Current Liabilities | $1,666,586 | $4,165,845 | | Total Liabilities | $3,051,553 | $5,410,980 | | STOCKHOLDERS' EQUITY (in USD) | | | | Total Stockholders' Equity | $2,607,197 | $3,188,844 | - Total Assets decreased by approximately **$2.94 million** from December 31, 2024, to June 30, 2025, primarily driven by a significant reduction in Cash and cash equivalents and a decrease in Current Portion of Loans Payable[10](index=10&type=chunk) - Total Current Liabilities decreased by approximately **$2.49 million**, largely due to the repayment of the current portion of loans payable[10](index=10&type=chunk) [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) T Stamp Inc.'s condensed consolidated statements of operations for Q2 and H1 2025 versus 2024 | Metric (in USD) | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :-------------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Net revenue | $812,667 | $500,395 | $1,358,138 | $1,074,071 | | Total operating expenses | $2,495,272 | $3,125,761 | $5,203,729 | $6,548,695 | | Operating loss | $(1,682,605) | $(2,625,366) | $(3,845,591) | $(5,474,624) | | Net loss | $(1,711,958) | $(2,598,361) | $(3,869,345) | $(5,276,930) | | Basic and diluted net loss per share | $(0.69) | $(3.19) | $(1.57) | $(7.09) | - Net revenue increased by **62.41%** for the three months ended June 30, 2025, and by **26.45%** for the six months ended June 30, 2025, compared to the respective prior periods, primarily due to a new Master Technology Services Agreement with QID[13](index=13&type=chunk)[216](index=216&type=chunk)[231](index=231&type=chunk) - Operating loss decreased significantly by **35.91%** for the three months and **29.76%** for the six months ended June 30, 2025, driven by increased revenue and substantial reductions in Selling, General, and Administrative (SG&A) expenses[13](index=13&type=chunk)[225](index=225&type=chunk)[242](index=242&type=chunk) [Condensed Consolidated Statements of Comprehensive Loss](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Loss) Presents T Stamp Inc.'s condensed consolidated statements of comprehensive loss for Q2 and H1 2025 versus 2024 | Metric (in USD) | 3 Months Ended June 30, 2025 | 3 Months Ended June 30, 2024 | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :-------------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | :--------------------------- | | Net loss | $(1,711,958) | $(2,598,361) | $(3,869,345) | $(5,276,930) | | Foreign currency translation adjustments | $(133,515) | $3,698 | $(175,784) | $35,389 | | Total other comprehensive income (loss) | $(133,515) | $3,698 | $(175,784) | $35,389 | | Comprehensive loss | $(1,845,473) | $(2,594,663) | $(4,045,129) | $(5,241,541) | - The Company experienced a negative foreign currency translation adjustment of **$(133,515)** for the three months and **$(175,784)** for the six months ended June 30, 2025, contrasting with positive adjustments in the prior year periods[17](index=17&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Details T Stamp Inc.'s condensed consolidated statements of stockholders' equity for the six months ended June 30, 2025 | Metric (in USD) | Balance, January 1, 2025 | Balance, June 30, 2025 | | :-------------------------------- | :----------------------- | :--------------------- | | Common Stock Amount | $20,234 | $24,953 | | Additional Paid-In Capital | $64,284,462 | $67,743,225 | | Accumulated Other Comprehensive Income | $181,148 | $5,364 | | Accumulated Deficit | $(61,458,439) | $(65,327,784) | | Total Stockholders' Equity | $3,188,844 | $2,607,197 | - Total Stockholders' Equity decreased from **$3,188,844** at January 1, 2025, to **$2,607,197** at June 30, 2025, primarily due to the net loss attributable to T Stamp Inc. and negative currency translation adjustments, partially offset by proceeds from common stock issuances[24](index=24&type=chunk) - Additional Paid-In Capital increased by over **$3.4 million** during the six months ended June 30, 2025, largely from the issuance of common stock, prefunded warrants, and common stock warrants, net of fees[24](index=24&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Presents T Stamp Inc.'s condensed consolidated statements of cash flows for the six months ended June 30, 2025, and 2024 | Cash Flow Activity (in USD) | 6 Months Ended June 30, 2025 | 6 Months Ended June 30, 2024 | | :-------------------------------- | :--------------------------- | :--------------------------- | | Net cash flows used in operating activities | $(2,096,553) | $(3,756,928) | | Net cash flows used in investing activities | $(469,010) | $(363,086) | | Net cash flows from financing activities | $126,102 | $1,633,487 | | Net change in cash and cash equivalents | $(2,491,267) | $(2,481,214) | | Cash and cash equivalents, end of period | $292,054 | $659,533 | - Net cash used in operating activities decreased by **44.20%** to **$2.10 million** for the six months ended June 30, 2025, compared to **$3.76 million** in the prior year, primarily due to a lower net loss and adjustments for non-cash items and changes in working capital[27](index=27&type=chunk)[255](index=255&type=chunk) - Net cash flows from financing activities significantly decreased to **$126,102** in 2025 from **$1,633,487** in 2024, despite raising **$3.21 million** from securities issuance, due to the repayment of a **$3.07 million** secured promissory note[27](index=27&type=chunk)[260](index=260&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%

Core Insights - Trust Stamp reported strong growth in customer enrollment and user completions on its SaaS Orchestration Layer, with significant increases in transaction starts and customer completion rates [1][4] Financial Performance - The company filed its Q2 10-Q report for the six months ended June 30, 2025, on August 14, 2025 [4] - Net recognized revenue for Q2 2025 was $0.81 million, a 62% increase from $0.50 million in Q2 2024 [4] - For the six months ended June 30, 2025, net recognized revenue was $1.36 million, a 26% increase from $1.07 million in the same period in 2024 [4] - The company reported a net loss of $1.71 million for Q2 2025, reduced by 34% from $2.60 million in Q2 2024 [4] - Total operating expenses for Q2 2025 were $2.50 million, down 20% from $3.13 million in Q2 2024 [4] Customer Growth and Implementation - A total of 92 financial institutions with over $348 billion in assets have been onboarded via FIS, bringing the total number of customers to 105 [1] - Transaction starts for FIS-related institutions increased by 247% over the six months ending June 30, 2025, with a 179% increase in July compared to the previous month [1]

Core Insights - Trust Stamp has announced a partnership with Neural Payments to combat rising fraud in the peer-to-peer (P2P) payments sector [1][3] - The global P2P payment market is projected to grow from approximately $3.63 trillion in 2023 to about $16.21 trillion by 2034, with a compound annual growth rate of 18.1% from 2025 to 2034 [3] - Approximately 8% of banking customers have reported being victims of P2P scams in the last year, highlighting the urgent need for enhanced security measures [4] Company Overview - Trust Stamp operates a low-code orchestration platform that facilitates robust know-your-customer (KYC) processes for banks [8] - The partnership with Neural Payments aims to provide community banks with the tools necessary to offer secure P2P payment services [7][8] Industry Context - Community banks, which represent about 90% of all banks in the U.S. with nearly 4,500 institutions, are increasingly looking to offer P2P payment services to compete with larger financial institutions and fintech companies [6] - The Independent Community Bankers of America (ICBA) supports community banks through advocacy, education, and innovation, and both Trust Stamp and Neural Payments are graduates of the ICBA ThinkTECH accelerator [6][7] Technology and Security - The KYC process involves customers enrolling using their face and a government-issued photo ID, which is transformed into an irreversibly transformed identity token (IT2) for future comparisons [8] - Customers can approve payments by taking a selfie, which generates a new IT2 that is compared to the original, providing a more secure and user-friendly experience than traditional methods like one-time passcodes [9]

Core Insights - Trust Stamp has partnered with Neural Payments to enhance security in person-to-person (P2P) payments, addressing the rising concern of fraud in the banking sector [1][3] - The global P2P payment market is projected to grow from USD 3.63 trillion in 2025 to USD 16.21 trillion by 2034, with a compound annual growth rate (CAGR) of 18.10% [2] Company Overview - Trust Stamp is a global provider of AI-powered identity services, focusing on reducing fraud and enhancing data privacy across various sectors, including banking and finance [5][6] - Neural Payments offers real-time P2P payment solutions and advanced fraud prevention, serving nearly 80 financial institutions [3] Partnership Details - The integration of Trust Stamp's low-code Orchestration Platform with Neural Payments aims to streamline identity verification processes, utilizing selfie-based reauthentication for payments [1][3] - The partnership is designed to provide financial institutions with tools to mitigate fraud and improve customer experience, aligning with community bank priorities [4] Industry Context - The rise of popular P2P apps has led to increased fraud attempts, with 8% of banking customers reporting being victims of P2P scams in the past year [1][2] - The collaboration between Trust Stamp and Neural Payments is seen as a proactive approach to address the pressing challenges of fraud in the financial sector [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

[Form 8-K Current Report](index=1&type=section&id=Form%208-K%20Current%20Report) [Item 2.02. Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02.%20Results%20of%20Operations%20and%20Financial%20Condition.) T Stamp, Inc. announced its Q1 2025 financial results via a press release furnished as Exhibit 99.1, not filed with the SEC - The company issued a press release on **May 15, 2025**, announcing Q1 2025 results[5](index=5&type=chunk) - Exhibit 99.1, containing the financial information, is furnished to, not filed with, the SEC[6](index=6&type=chunk) [Item 9.01. Financial Statements and Exhibits](index=2&type=section&id=Item%209.01.%20Financial%20Statements%20and%20Exhibits) This section details the exhibits accompanying the Form 8-K, including the financial results press release and interactive data file Exhibits List | Exhibit No. | Description | | :--- | :--- | | 99.1 | Press Release of the registrant issued May 15, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signature](index=3&type=section&id=SIGNATURE) The report is formally signed by T Stamp Inc.'s Chief Executive Officer, Gareth Genner - The report was signed by **Gareth Genner**, Chief Executive Officer, on **May 15, 2025**[10](index=10&type=chunk)