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T Stamp Inc key statistics and ratios

In fiscal 2025, T Stamp Inc had return on equity of -141.7% and a net margin of -265.2%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−403.4%−246.3%−224.5%−167.5%−407.0%−265.2%−273.0%
Return on equity—————−141.7%−140.5%
Return on assets−222.0%−134.4%−160.4%−106.8%−152.1%−83.9%−79.2%
R&D as % of revenue103.6%68.8%45.9%51.5%69.4%69.2%75.0%
SG&A as % of revenue240.7%226.1%231.1%184.1%276.2%206.2%204.0%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $12m
Short-term assets $8mLonger-term assets $4m
What it owes, and who funded it · $12m
Short-term liabilities $1mLonger-term liabilities $6mShareholders' equity $5m
  • Short-term assets cover short-term liabilities $8m of assets due within a year against $1m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8m short-term assets against $6m of longer-dated liabilities.
  • More cash than debt $6m of cash against $1m of debt.
  • Debt below 40% of shareholders' equity Debt is 24% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 18% to 24% over five years.
  • A year's operating cash flow covers at least 20% of debt −$10m of operating cash flow against $1m of debt.
  • Operating profit covers interest at least five times over No material interest expense reported.

From T Stamp Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

2 /100

Weak moat

How hard T Stamp's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -131.3% of total assets over 5 years.

  • Durability 10 / 20

    Operating margin has been a median -238.3%; its worst year was -449.1%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -218.8% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (17 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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Figures from T Stamp Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to T Stamp Inc.