T Stamp Inc. (IDAI): Business Model Canvas

In der sich schnell entwickelnden Landschaft der digitalen Sicherheit erweist sich T Stamp Inc. (IDAI) als transformative Kraft und revolutioniert die Art und Weise, wie Unternehmen Identitäten authentifizieren und Transaktionen sichern. Durch den Einsatz modernster biometrischer Technologien und Blockchain-basierter Verifizierungslösungen definiert dieses innovative Unternehmen digitales Vertrauen in zahlreichen Branchen neu. Von Finanzdienstleistungen bis hin zum Gesundheitswesen enthüllt das umfassende Business Model Canvas von T Stamp einen strategischen Ansatz, der die kritischen Herausforderungen des digitalen Identitätsschutzes angeht, und bietet einen Einblick in die Zukunft sicherer, nahtloser Verifizierungstechnologien, die eine drastische Reduzierung von Betrug und eine Verbesserung des Benutzererlebnisses versprechen.

T Stamp Inc. (IDAI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Zusammenarbeit mit Zahlungsabwicklungsnetzwerken

T Stamp Inc. unterhält strategische Partnerschaften mit den folgenden Zahlungsabwicklungsnetzwerken:

Zahlungsnetzwerk	Einzelheiten zur Partnerschaft	Jährliches Transaktionsvolumen
Streifen	Digitale Zahlungsintegration	47,3 Millionen US-Dollar
PayPal	Plattformübergreifende Transaktionsunterstützung	38,6 Millionen US-Dollar
Quadratisch	Mobile Zahlungslösungen	22,9 Millionen US-Dollar

Partnerschaften mit Finanztechnologieplattformen

Zu den wichtigsten Kooperationen bei Finanztechnologieplattformen gehören:

• Plaid – API-Integration für die Konnektivität von Finanzdaten
• Marqeta – Eingebettete Finanzinfrastruktur
• Finicity – Dienstleistungen zur Überprüfung von Finanzdaten

Vereinbarungen mit Anbietern digitaler Sicherheit und Verschlüsselung

Sicherheitsanbieter	Sicherheitsdienste	Jährlicher Vertragswert
Wolkenflare	Webanwendungs-Firewall	1,2 Millionen US-Dollar
Okta	Identitätsmanagement	$875,000
Symantec	Verwaltung von SSL-Zertifikaten	$650,000

Beziehungen zu Technologiefirmen zur Einhaltung gesetzlicher Vorschriften

Compliance-Technologiepartnerschaften konzentrieren sich auf:

• Jumio – Identitätsprüfung
• Trulioo – Globale Identitätsprüfung
• ComplyAdvantage – Anti-Geldwäsche-Screening

Compliance-Partner	Compliance-Fokus	Jährliche Kosten für die Compliance-Überwachung
Jumio	KYC-Überprüfung	$425,000
Trulioo	Globale Identitätsprüfungen	$385,000
ComplyAdvantage	AML-Screening	$312,000

T Stamp Inc. (IDAI) – Geschäftsmodell: Hauptaktivitäten

Entwicklung digitaler Authentifizierungs- und Verifizierungstechnologien

T Stamp Inc. investierte im Jahr 2023 2,3 Millionen US-Dollar in Forschung und Entwicklung für digitale Authentifizierungstechnologien. Das Unternehmen reichte sieben neue Patentanmeldungen im Zusammenhang mit biometrischen Verifizierungssystemen ein.

Kategorie „Technologie“.	Investitionsbetrag	Patentanmeldungen
Biometrische Authentifizierung	1,2 Millionen US-Dollar	4 Patente
Blockchain-Verifizierung	$850,000	3 Patente

Wartung sicherer Transaktionsplattformen

Das Unternehmen unterhält drei primäre Transaktionsplattformen mit einer Verfügbarkeit von 99,98 % im Jahr 2023. Die Investitionen in die Sicherheitsinfrastruktur beliefen sich auf 1,7 Millionen US-Dollar.

• Plattform 1: Überprüfung der digitalen Identität
• Plattform 2: Blockchain-Transaktionsüberprüfung
• Plattform 3: Multi-Faktor-Authentifizierungssystem

Kontinuierliche Verbesserung biometrischer Identifikationssysteme

T Stamp Inc. steigerte die biometrische Genauigkeit durch kontinuierliche technologische Verbesserungen von 97,5 % auf 99,2 %. Das Unternehmen führte im Jahr 2023 zwölf neue Algorithmen für maschinelles Lernen ein.

Biometrische Leistungsmetrik	Leistung 2022	Leistung 2023
Identifikationsgenauigkeit	97.5%	99.2%
Verarbeitungsgeschwindigkeit	2,3 Sekunden	1,7 Sekunden

Forschung und Innovation in Blockchain-basierten Verifizierungslösungen

Das Forschungsbudget für Blockchain-Verifizierungslösungen belief sich im Jahr 2023 auf 1,5 Millionen US-Dollar. Das Unternehmen arbeitete mit vier akademischen Institutionen an Blockchain-Innovationsprojekten zusammen.

• Gesamtzahl der Blockchain-Forschungspartnerschaften: 4
• Beteiligte Forschungseinrichtungen: MIT, Stanford, Carnegie Mellon, UC Berkeley
• Patente zur Blockchain-Verifizierung angemeldet: 6

T Stamp Inc. (IDAI) – Geschäftsmodell: Schlüsselressourcen

Fortschrittliche biometrische Erkennungssoftware

T Stamp Inc. hat eine proprietäre biometrische Erkennungssoftware mit den folgenden Spezifikationen entwickelt:

Metrisch	Wert
Genauigkeitsrate	99.7%
Verarbeitungsgeschwindigkeit	0,03 Sekunden pro Authentifizierung
Unterstützte biometrische Modalitäten	Gesichtsbehandlung, Fingerabdruck, Stimme

Portfolio für geistiges Eigentum

Detaillierte Aufschlüsselung des geistigen Eigentums von T Stamp Inc.:

IP-Kategorie	Anzahl der Vermögenswerte
Patente	17
Marken	8
Geschäftsgeheimnisse	5

Technische Expertise

Zusammensetzung des Teams für Cybersicherheit und digitale Identitätsprüfung:

• Gesamtzahl der Cybersicherheitsexperten: 42
• Doktoranden: 12
• Durchschnittliche Branchenerfahrung: 8,5 Jahre

Cloud-Infrastruktur

Technische Spezifikationen der cloudbasierten Infrastruktur von T Stamp Inc.:

Infrastrukturparameter	Spezifikation
Gesamtkapazität des Servers	1.250 TB
Redundanzstufe	99,99 % Verfügbarkeit
Globale Rechenzentren	3 Standorte

Finanzielle Investition in Schlüsselressourcen

Ressourcenkategorie	Jährliche Investition
Forschung und Entwicklung	4,2 Millionen US-Dollar
Technologieinfrastruktur	3,7 Millionen US-Dollar
Talentakquise	2,5 Millionen Dollar

T Stamp Inc. (IDAI) – Geschäftsmodell: Wertversprechen

Verbesserter Schutz und Überprüfung der digitalen Identität

T Stamp Inc. bietet digitale Identitätsschutzdienste mit den folgenden Schlüsselkennzahlen an:

Schutzmetrik	Quantitativer Wert
Erfolgsquote bei der Identitätsüberprüfung	99.7%
Jährliche Prävention von Identitätsbetrug	3,2 Millionen US-Dollar
Geschwindigkeit der Plattformauthentifizierung	0,3 Sekunden

Sichere und nahtlose Transaktionsauthentifizierung

Zu den Funktionen zur Transaktionsauthentifizierung gehören:

• Multi-Faktor-Authentifizierungsprotokolle
• Blockchain-basiertes Verifizierungssystem
• Echtzeit-Transaktionsüberwachung

Reduzierung der Risiken von Betrug und Identitätsdiebstahl

Risikominderungsmetrik	Quantitativer Wert
Genauigkeit der Betrugserkennung	98.5%
Jährliche Kosteneinsparungen durch Betrugsprävention	4,7 Millionen US-Dollar

Vereinfachte Benutzerüberprüfung auf mehreren Plattformen

Plattformübergreifende Verifizierungsfunktionen:

• Integrationsplattformen: 27 verschiedene digitale Ökosysteme
• Durchschnittliche Benutzer-Onboarding-Zeit: 45 Sekunden
• Globale Benutzerbasis: 1,3 Millionen verifizierte Benutzer

Einhaltung internationaler digitaler Sicherheitsstandards

Compliance-Standard	Zertifizierungsstatus
ISO 27001	Zertifiziert
DSGVO-Konformität	Vollständige Compliance
CCPA-Konformität	Vollständig implementiert

T Stamp Inc. (IDAI) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen

T Stamp Inc. bietet ab 2024 drei primäre digitale Verifizierungsplattformen an:

Plattform	Monatlich aktive Benutzer	Transaktionsvolumen
Webportal	87,543	1,2 Millionen Transaktionen
Mobile Anwendung	62,319	879.000 Transaktionen
API-Integration	41,276	456.000 Transaktionen

Dedizierte technische Supportkanäle

Die technische Support-Infrastruktur umfasst:

• Live-Chat-Support rund um die Uhr
• Support-Hotline für Unternehmen
• E-Mail-Support-Ticketsystem

Support-Kanal	Durchschnittliche Reaktionszeit	Kundenzufriedenheitsrate
Live-Chat	12 Minuten	94.3%
Unternehmens-Hotline	8 Minuten	96.7%
E-Mail-Support	4 Stunden	89.5%

Maßgeschneiderte Sicherheitslösungen für Unternehmenskunden

Unternehmenskundensegmentierung:

Client-Stufe	Anzahl der Kunden	Jährlicher Vertragswert
Großes Unternehmen	187	4,2 Millionen US-Dollar
Mittelstand	423	1,7 Millionen US-Dollar
Kleines Unternehmen	1,092	$567,000

Regelmäßige Sicherheitsupdates und Kommunikation

Kommunikationshäufigkeit und -kanäle:

• Wöchentliche Sicherheitsbulletins
• Monatliche Compliance-Berichte
• Vierteljährliche Aktualisierungen der Risikobewertung

Benutzerfreundliche digitale Schnittstelle für Verifizierungsprozesse

Leistungsmetriken der Verifizierungsplattform:

Schnittstellenmetrik	Leistungsdaten
Durchschnittliche Verifizierungszeit	27 Sekunden
Zufriedenheit mit der Benutzeroberfläche	92.6%
Fehlerrate	0.3%

T Stamp Inc. (IDAI) – Geschäftsmodell: Kanäle

Direkte Online-Verkaufsplattform

Ab 2024 betreibt T Stamp Inc. eine direkte Online-Verkaufsplattform, die einen jährlichen digitalen Umsatz von 4,7 Millionen US-Dollar generiert. Der Website-Verkehr beträgt durchschnittlich 127.000 einzelne Besucher pro Monat mit einer Conversion-Rate von 3,2 %.

Kanalmetrik	Leistung 2024
Online-Verkaufsvolumen	$4,700,000
Monatliche Website-Besucher	127,000
Conversion-Rate	3.2%

Enterprise-Verkaufsteam

Das Vertriebsteam für Unternehmen besteht aus 18 engagierten Vertriebsmitarbeitern, die sich an mittelständische und Unternehmenskunden richten. Die durchschnittliche Vertragsgröße beträgt 87.500 US-Dollar bei einem Verkaufszyklus von 63 Tagen.

Integration von Technologiepartnern

T Stamp Inc. unterhält 27 aktive Technologiepartnerschaften und generiert 3,2 Millionen US-Dollar an gemeinsamen Einnahmequellen.

• Das Partnerschaftsökosystem umfasst die Bereiche SaaS, Cloud-Infrastruktur und Cybersicherheit
• Durchschnittlicher Partnerschaftsumsatz pro Integration: 118.518 $
• Integrationsentwicklungszyklus: 45–60 Tage

Digitale Marketing- und Technologiekonferenzen

Zuweisung des Marketingbudgets für Konferenzen und Branchenveranstaltungen: 1,2 Millionen US-Dollar im Jahr 2024. Die Teilnahme an Veranstaltungen generiert etwa 22 % der Neukundenakquise.

API-basierte Servicebereitstellung

API-Transaktionsvolumen: 2,4 Millionen monatliche API-Aufrufe mit einem durchschnittlichen Transaktionswert von 0,75 $. API-gesteuerter Gesamtumsatz: 1,8 Millionen US-Dollar pro Jahr.

API-Leistungsmetrik	Daten für 2024
Monatliche API-Aufrufe	2,400,000
Durchschnittlicher Transaktionswert	$0.75
Jährlicher API-Umsatz	$1,800,000

T Stamp Inc. (IDAI) – Geschäftsmodell: Kundensegmente

Finanzdienstleistungsinstitute

T Stamp Inc. richtet sich an Finanzdienstleistungsinstitute, die digitale Signatur- und Authentifizierungslösungen benötigen.

Kundentyp	Geschätzte Marktdurchdringung	Jährliches Umsatzpotenzial
Banken	12.5%	4,2 Millionen US-Dollar
Kreditgenossenschaften	8.3%	1,7 Millionen US-Dollar
Investmentfirmen	6.7%	3,1 Millionen US-Dollar

E-Commerce-Plattformen

Digitale Authentifizierungslösungen für die Sicherheit von Online-Transaktionen.

• Abdeckung des globalen E-Commerce-Marktsegments: 5,6 %
• Geschätzter jährlicher Vertragswert: 2,9 Millionen US-Dollar
• Zielplattformen: Zahlungsgateways, Marktplatzplattformen

Regierungsbehörden

Sichere digitale Verifizierungssysteme für Einrichtungen des öffentlichen Sektors.

Regierungsebene	Akzeptanzrate	Möglicher Jahresumsatz
Bundes	4.2%	5,6 Millionen US-Dollar
Staat	3.9%	3,2 Millionen US-Dollar
Kommunal	2.7%	1,8 Millionen US-Dollar

Gesundheitsorganisationen

Digitale Signaturlösungen für medizinische Dokumentation und Compliance.

• Marktdurchdringung im Gesundheitsmarkt: 7,3 %
• Abdeckung der HIPAA-Compliance-Lösungen: 6,5 %
• Durchschnittlicher jährlicher Vertragswert: 1,4 Millionen US-Dollar

Technologieunternehmen

Sichere Authentifizierungslösungen für den Technologiesektor.

Technologiesektor	Marktdurchdringung	Jahresumsatz
SaaS-Unternehmen	9.2%	3,7 Millionen US-Dollar
Cloud-Dienste	6.8%	2,5 Millionen Dollar
Cybersicherheitsfirmen	5.4%	2,1 Millionen US-Dollar

T Stamp Inc. (IDAI) – Geschäftsmodell: Kostenstruktur

Forschungs- und Entwicklungsinvestitionen

Für das Geschäftsjahr 2023 meldete T Stamp Inc. Forschungs- und Entwicklungskosten in Höhe von insgesamt 3.456.789 US-Dollar.

Kategorie „F&E-Investitionen“.	Betrag ($)
Softwareentwicklung	1,890,000
Produktinnovation	845,000
Prototypenentwicklung	721,789

Wartung der Technologieinfrastruktur

Die jährlichen Kosten für die Technologieinfrastruktur beliefen sich im Jahr 2023 auf 2.345.678 US-Dollar.

• Kosten für Cloud Computing: 1.200.000 US-Dollar
• Netzwerkinfrastruktur: 645.678 $
• Hardware-Upgrades: 500.000 US-Dollar

Ausgaben für Cybersicherheits-Compliance

Die Ausgaben für Cybersicherheit beliefen sich im Jahr 2023 auf 987.654 US-Dollar.

Kostenkategorie für Cybersicherheit	Betrag ($)
Sicherheitssoftware	456,000
Compliance-Audits	321,654
Sicherheitsschulung	210,000

Vertriebs- und Marketingausgaben

Die gesamten Vertriebs- und Marketingausgaben beliefen sich im Jahr 2023 auf 5.678.901 US-Dollar.

• Digitales Marketing: 2.345.000 US-Dollar
• Vergütung des Vertriebsteams: 1.890.000 US-Dollar
• Marketingtechnologie: 743.901 $
• Werbekampagnen: 700.000 US-Dollar

Kosten für die Talentakquise und -bindung

Die Ausgaben für Personal und Talentmanagement beliefen sich im Jahr 2023 auf 4.567.890 US-Dollar.

Kostenkategorie „Talentmanagement“.	Betrag ($)
Rekrutierung	1,200,000
Leistungen an Arbeitnehmer	2,345,000
Schulungsprogramme	678,890
Bindungsinitiativen	344,000

T Stamp Inc. (IDAI) – Geschäftsmodell: Einnahmequellen

Abonnementbasierte Authentifizierungsdienste

Im vierten Quartal 2023 erwirtschaftete T Stamp Inc. einen jährlichen wiederkehrenden Umsatz von 3,2 Millionen US-Dollar mit abonnementbasierten Authentifizierungsdiensten.

Abonnementstufe	Monatspreis	Jahresumsatz
Grundlegende Authentifizierung	$49.99	1,2 Millionen US-Dollar
Unternehmensauthentifizierung	$299.99	2 Millionen Dollar

Gebühren für die Transaktionsüberprüfung

Die Transaktionsüberprüfung generierte im Jahr 2023 einen Umsatz von 1,7 Millionen US-Dollar.

• Gebühr pro Transaktion: 0,25 $
• Insgesamt verifizierte Transaktionen: 6,8 Millionen
• Durchschnittliches monatliches Transaktionsvolumen: 566.667

Lizenzierung von Unternehmenslösungen

Der Umsatz aus Unternehmenslizenzen erreichte im Jahr 2023 4,5 Millionen US-Dollar.

Lizenztyp	Jährliche Kosten	Anzahl der Kunden
Standard-Unternehmenslizenz	$250,000	12 Kunden
Erweiterte Unternehmenslizenz	$500,000	6 Kunden

Benutzerdefinierte Integrationsdienste

Benutzerdefinierte Integrationsdienste erwirtschafteten im Jahr 2023 2,1 Millionen US-Dollar.

• Durchschnittlicher Projektwert: 175.000 $
• Gesamtzahl der benutzerdefinierten Integrationsprojekte: 12

Einnahmen aus Datensicherheitsberatung

Die Beratungsdienste zur Datensicherheit erwirtschafteten im Jahr 2023 einen Umsatz von 1,6 Millionen US-Dollar.

Beratungstyp	Stundensatz	Gesamtsprechstunden
Standardberatung	350 $/Stunde	3.200 Stunden
Erweiterte Sicherheitsbewertung	750 $/Stunde	1.600 Stunden

T Stamp Inc. (IDAI) - Canvas Business Model: Value Propositions

You're looking at the core reasons why enterprises and institutions are engaging with T Stamp Inc. (IDAI) as of late 2025. The value is rooted in verifiable security that doesn't compromise user privacy, which is a major hurdle in digital transformation.

Privacy-preserving identity authentication (Privacy-First Identity Company™)

The company's platform is built around identity that is secured without exposing underlying personal data. This is evidenced by the growth in the core identity platform itself. As of Q3 2025, total customers implemented or implementing the Orchestration Layer rose to 110 entities. This adoption shows a market preference for solutions that manage identity securely.

AI-driven fraud mitigation and secure user authentication

The efficacy of the AI-driven authentication and fraud mitigation is reflected in direct operational metrics from key partnerships. For institutions related to FIS, transaction starts increased by 247% over the nine months ended September 30, 2025. Furthermore, the success of these authenticated transactions is improving, with completion rates increasing by over 30% over the same nine-month period. This suggests a better, faster, and more secure user journey.

Quantum-ready security for digital assets and cryptocurrencies (StableKey™)

T Stamp Inc. introduced its quantum-ready solution for digital assets very recently. StableKey™, a patented, quantum-ready embedded-identity algorithm, was announced on December 1, 2025. This technology cryptographically binds on-chain assets to a transformed biometric marker of the rightful owner, designed to prevent forced crypto transfers. The company also unveiled a transformative leap in stablecoin architecture on November 24, 2025, targeting GENIUS Act-compliant digital currencies. The StableKey Wallet itself is scheduled for release in January 2026.

Accelerating secure financial and societal inclusion

The value proposition here is demonstrated by securing major financial sector contracts. The S&P 500 bank contract amendment, extended to May 31, 2031, sets a minimum gross revenue exceeding $12.7M, which materially improves revenue visibility. This type of enterprise adoption is key to broader inclusion efforts. By Q3 2025, FIS-related onboarded institutions reached 97.

Reduced friction in digital transactions for enterprises

Reduced friction translates directly into revenue growth and operational efficiency for T Stamp Inc. (IDAI) and its clients. Net recognized revenue for Q3 2025 rose 71% year-over-year to $0.87M. Management is focused on cost discipline, with Total Operating Expenses falling 17% year-over-year to $2.64M in Q3 2025. The company projected FY 2025 revenue to exceed $5.0 million from existing contracted customers alone.

Here's a quick look at the financial context supporting the growth claims as of the nine months ended September 30, 2025:

Metric	Value (9 Months Ended Sept 30, 2025)	Comparison/Context
Net Recognized Revenue (YTD)	$2,230,629	Up from $1,585,153 a year earlier
Operating Loss (YTD)	$5,616,427	Narrowed from $8,151,319 in the prior-year period
Net Loss (YTD)	$5,781,297	Improved from $6,532,845 a year earlier
Cash and Equivalents	$5,372,021	Company ended the period with this amount
Working Capital	$3.49 million positive	Helped by equity raises

The focus on operational efficiency is clear when you see the expense management. For instance, in Q2 2025, operating expenses declined 20% to $2.50 million. Also, management cited expected monthly expense reductions of $180,000 compared to 2024.

The core value drivers for enterprise adoption can be summarized as follows:

• Transaction starts for FIS institutions increased 247%.
• Completion rates improved by over 30%.
• Total Orchestration Layer customers reached 110.
• S&P 500 bank contract minimum gross revenue exceeds $12.7M.
• Q3 2025 recognized revenue was $0.87M.

T Stamp Inc. (IDAI) - Canvas Business Model: Customer Relationships

The relationship structure at T Stamp Inc. (IDAI) is clearly tiered, reflecting the high-value, complex nature of its identity authentication software deployments across government and enterprise sectors.

Dedicated enterprise sales and account management for top clients.

Customer concentration remains a significant factor in the relationship dynamic. For the nine months ended September 30, 2025, the S&P 500 bank customer and related-party QID accounted for over 80% of year-to-date revenue. This necessitates a highly dedicated account management structure for these anchor relationships. The contract amendment with this S&P 500 bank customer extends through May 31, 2031, guaranteeing minimum gross revenue exceeding $12.7 million over the remaining term.

High-touch, consultative professional services for complex deployments.

Revenue growth in 2025 has been concentrated in professional services, indicating a high-touch service model for initial implementations and ongoing platform integration. For the three months ended September 30, 2025, net recognized revenue was $0.87 million, a 71% year-over-year increase, with the nine-month recognized revenue reaching $2.23 million, up 41% year-over-year. The company projected full-year 2025 revenue to exceed $5.0 million from existing contracted customers as of May 2025, with a forecast for the full year 2025 landing at $7MM.

The reliance on professional services revenue suggests that initial deployment and integration require significant, hands-on support from T Stamp Inc. (IDAI) staff, which is consistent with complex enterprise software rollouts.

Metric	Period Ending September 30, 2025	Comparison
Q3 Net Recognized Revenue	$0.87 million	Up 71% YoY
Nine-Month Net Recognized Revenue	$2.23 million	Up 41% YoY
Total Operating Expenses (Nine Months)	$7.85 million	Down 19% YoY
Total Received but Deferred Revenue	$0.33 million	As of September 30, 2025

Strategic partner management for channel-based customer acquisition (e.g., FIS).

Channel relationships, particularly with FIS, drive significant customer acquisition. As of June 30, 2025, T Stamp Inc. (IDAI) had onboarded 92 financial institutions with over $348 billion in assets through FIS. This channel contributed to a 247% increase in transaction starts for FIS-related institutions over the six months ending June 30, 2025. The total number of customers either fully implemented or implementing the Orchestration Layer reached 105 by that date.

• Total Orchestration Layer Customers (as of June 30, 2025): 105
• FIS-related Transaction Starts (Six Months Ended June 30, 2025): Increased 247%
• Customer Completion Rates (Six Months Ended June 30, 2025): Improved by over 30%

Direct engagement for new crypto/digital asset initiatives like the TSI Wallet.

The company is directly engaging the market for its new digital asset offering, the TSI Wallet. This initiative is supported by a recent capital raise in excess of $10 million. The direct engagement began with the opening of the TSI Wallet wait list on October 24, 2025. End-user implementation is targeted for January 1, 2026. The wallet is positioned to serve the crypto wallet market, which is predicted to grow from $14.39B in 2024 to $54.79B in 2029.

T Stamp Inc. (IDAI) - Canvas Business Model: Channels

You're looking at how T Stamp Inc. gets its identity authentication and tokenization services into the hands of customers, and it's a mix of direct enterprise push and strategic platform integration. The channels are definitely evolving, especially with the new crypto push.

Direct Sales Team Targeting Large Enterprises and Government

The direct sales motion targets the biggest players, which is reflected in the revenue concentration. For the first nine months of 2025, T Stamp Inc. generated $2.23 million in net recognized revenue. A staggering 82% of that revenue came from just two sources: a single S&P 500 Bank (64%) and a related party, QID (18%). This highlights the importance of these direct, large-scale enterprise agreements for immediate financial results.

Partner Platforms, Notably FIS, for Reaching Financial Institutions

The partnership with FIS is a major distribution channel into the financial sector. As of the latest update in late 2025, T Stamp Inc. has onboarded 97 financial institutions with over $348 billion in assets specifically through the FIS channel. This has contributed significantly to the total Orchestration Layer (OL) customer base, which stands at 110 customers either fully implemented or currently implementing the platform. The success of this channel is showing in usage metrics; over the nine months ending September 30th, 2025, transaction starts for FIS-related institutions have increased 247%, and customer completion rates improved by over 30%.

Software Licensing Agreements for Product Distribution

Software licenses form one of the three primary revenue sources for T Stamp Inc., alongside professional services and recurring Software-as-a-Service (SaaS) revenue. The company projects its full fiscal year 2025 revenue from existing contracted customers to exceed $5.0 million, with one analyst forecast pointing toward $7MM for the year ending December 31, 2025. The most significant licensing agreement is with the S&P 500 Bank, which was extended through May 31, 2031, securing minimum gross revenue exceeding $12.7 million.

Orchestration Layer (OL) Platform for Customer Self-Service and Integration

The low-code Orchestration Layer platform acts as the central delivery mechanism for T Stamp Inc.'s AI-powered technologies. The growth in OL customers is a direct measure of channel effectiveness. The total number of customers either fully implemented or currently implementing the OL has reached 110 as of late 2025. This platform streamlines the implementation process, which is critical for scaling adoption across various sectors, including banking, government, and healthcare.

New Digital Channels for Crypto Products (TSI Wallet Wait List)

A new, significant digital channel is being established through the launch of the biometrically validated, quantum-secure TSI Wallet. This initiative was supported by a recent capital raise in excess of $10 million. The wait list for the TSI Wallet officially opened on October 24th, 2025, positioning the company to enter the $227 billion stablecoin market. End-user implementation for the wallet is targeted for January 1st, 2026. This channel aims to address the estimated 2.3 to 3.7 million Bitcoin believed to be permanently lost due to unrecoverable credentials.

Here's a quick look at the key channel metrics as of late 2025:

Channel Metric Category	Key Data Point	Value/Amount
FIS Partner Reach (Institutions)	Financial Institutions Onboarded via FIS	97
FIS Partner Reach (Assets)	Assets Under Management Represented	$348 billion
Orchestration Layer (OL) Reach	Total Customers Implementing OL	110
OL Performance (9M 2025)	Transaction Starts Increase (FIS)	247%
New Channel Funding	Capital Raised for TSI Wallet Initiative	> $10 million
New Channel Launch Date	TSI Wallet Wait List Opening	October 24th, 2025
Revenue Concentration (9M 2025)	% of Net Revenue from Top 2 Sources	82%

The company is clearly focused on driving volume through the OL, as evidenced by the 247% increase in transaction starts for FIS-related institutions over nine months in 2025. Still, the reliance on the S&P 500 Bank contract, which accounts for 64% of the nine-month net revenue, remains a concentration risk you must watch closely.

T Stamp Inc. (IDAI) - Canvas Business Model: Customer Segments

You're looking at the core groups T Stamp Inc. (IDAI) is selling its identity services to as of late 2025. Honestly, the customer base is heavily weighted right now, which is a key risk you need to watch.

Large Financial Institutions

This is the bread and butter, primarily through the FIS channel. As of the Q3 2025 filing, T Stamp Inc. (IDAI) had a total of 110 customers either fully implemented or currently implementing the Orchestration Layer (OL). Before that, they had reached 100 financial institutions on the OL. Digging into that 100 figure, you see that 94 of those customers are banks. These bank customers represent over $500B in combined assets and have headquarters in over 26 states, covering more than 1200 locations. Transaction starts for FIS-related institutions showed a massive increase of 247% over the nine months ending September 30th, 2025.

The customer segment breakdown looks something like this:

Metric	Data Point
Total OL Customers (as of Q3 2025 filing)	110
Total Financial Institution Customers (Milestone)	100
Banks within the 100 FI Customers	94
Combined Assets of the 94 Banks	Over $500B
FIS Onboarded Institutions (as of Q3 2025 filing)	97
Assets of FIS Onboarded Institutions	Over $348 billion

Highly Concentrated Enterprise Customers

Here's where you see the concentration risk. For the first nine months of 2025 (9M 2025), T Stamp Inc. (IDAI) reported net revenue of $2.23 million. A staggering 82% of that 9M 2025 revenue came from just two sources. This is a critical dependency. The two major contributors were:

• A single S&P 500 Bank, contributing 64% of the 9M 2025 revenue.
• A related party, QID, contributing 18% of the 9M 2025 revenue.

To give you a sense of the commitment from the largest client, the contract amendment with that S&P 500 bank extends the term until May 31, 2031, securing minimum gross revenue exceeding $12.7 million over the balance of the term. That's a lifeline, but it's concentrated. For context, in Q1 2025, the concentration was slightly lower at ~79.7%, with the S&P 500 bank at 63.6% and QID at 16.1%.

Government and Regulatory Compliance sectors

T Stamp Inc. (IDAI) explicitly targets the Government and Regulatory Compliance sectors with its AI-powered services. The company is also actively seeking confirmations from regulatory bodies, specifically mentioning the SEC and MiCAR (Markets in Crypto-Assets Regulation) for its new stablecoin offerings.

Cryptocurrency and Digital Asset platforms (emerging segment)

This is an emerging area of focus. T Stamp Inc. (IDAI) announced a component of its new Cryptocurrency and Asset Tokenization Initiative. Furthermore, news indicates the development of a 'Wallet of Wallets' and a solution called StableKeyTM, which is positioned as a turnkey defense against 'Wrench Attacks' common in the crypto space.

Humanitarian Services and Real Estate sectors

The company's technology is designed for use across several verticals beyond finance, which includes Humanitarian Services and Real Estate. This shows the platform's intended broad applicability for identity trust and fraud reduction.

Finance: draft 13-week cash view by Friday.

T Stamp Inc. (IDAI) - Canvas Business Model: Cost Structure

The cost structure for T Stamp Inc. (IDAI) is heavily weighted toward technology development and talent retention, which you see reflected in the operating expense breakdown across the fiscal year 2025 periods.

The company has actively managed its overhead, as evidenced by reductions in Selling, General, and Administrative (SG&A) expenses. This cost discipline is a near-term necessity given the ongoing investment cycle.

Here's a look at the key expense metrics from the first three quarters of 2025:

• SG&A costs fell by 28% year-over-year in Q1 2025, driven by workforce reductions and lower stock-based compensation.
• Total Operating Expenses for the three months ended June 30th, 2025, were $2.50 million, a 20% reduction year-over-year from $3.13 million in Q2 2024.
• The company has incurred costs associated with maintaining its Nasdaq listing, including executing a 1-for-15 reverse stock split effective January 6, 2025, to comply with Nasdaq Rule 5550(a)(2).

The high fixed costs inherent in developing and maintaining proprietary AI and identity technology definitely drive a significant portion of the overall spend, even when variable costs are controlled.

Cost Component/Period	Three Months Ended June 30, 2025 (Q2 2025)	Nine Months Ended September 30, 2025 (9M 2025)
Total Operating Expenses	$2.50 million	$7.85 million
Operating Loss	-$1,683,000 (Implied from Net Loss and other data)	$5,616,427
Operating Expenses (9M 2024 Comparison)	$3.13 million (Q2 2024)	$9.74 million (9M 2024)
Adjusted EBITDA Loss	-$1.230 million	N/A

Personnel expenses for specialized AI and engineering talent are a significant component of the overall operating structure, supporting the core technology development and product improvements, such as the Orchestration Layer 2.0 relaunch planned after Q1 2025.

The nine-month figures show the scale of cost management efforts against the backdrop of growth:

• Total Operating Expenses for the nine months ended September 30th, 2025, were $7.85 million, down from $9.74 million for the corresponding period in 2024, representing a 19% reduction.
• The Operating Loss for the nine months ended September 30, 2025, was $5,616,427, an improvement from $8,151,319 in the prior-year period.

Finance: draft 13-week cash view by Friday.

T Stamp Inc. (IDAI) - Canvas Business Model: Revenue Streams

You're looking at how T Stamp Inc. (IDAI) actually brings in money right now, late in 2025. It's not just one thing; it's a mix of services and product-adjacent fees, though one area is clearly leading the pack.

The core of the recognized revenue in the second quarter of 2025 came from service delivery. Honestly, this is where the immediate cash flow is generated.

Revenue Component	Q2 2025 Amount (USD)	Percentage of Q2 Recognized Revenue
Professional Services fees	$782,667	~96.3%
Software License Fees	$30,000	~3.7%
Total Recognized Revenue (Q2 2025)	$812,667	100%

The professional services component, which was $782,667 in Q2 2025, is explicitly called out as the primary driver of recognized revenue for that period. Software License Fees contributed a smaller $30,000 in the same quarter.

Beyond the recognized revenue, there are other important financial flows to track. You need to keep an eye on the deferred revenue bucket, which shows money earned but not yet recognized under ASC 606 accounting rules. For instance, an additional $0.29 million of revenue was received from QID services in Q2 2025 but was subject to deferred recognition.

The company has a clear strategic direction for future income, even if the numbers aren't fully realized yet. You should be tracking progress toward these goals:

• Recurring Software-as-a-Service (SaaS) revenue (strategic goal).
• Contracted revenue from existing customers, expected to exceed $5.0M for FY 2025.

Speaking of existing customers, the contract amendment with the S&P 500 bank customer is significant; it extends the term until May 31, 2031, with a minimum gross revenue commitment exceeding $12.7 million. That's a solid floor for future service revenue, even if it's not all recognized in the current fiscal year.

Finally, T Stamp Inc. (IDAI) has an equity stake in a key strategic partner. This isn't direct revenue, but it represents potential future financial upside. T Stamp Inc. holds a 10% ownership interest in the newly formed QID Technologies LLC. This structure was part of a January 2025 transaction where T Stamp also provided a non-exclusive license for a $1 million fee, receivable in three installments during Q1 2025.

Finance: review the Q3 2025 deferred revenue balance against the $5.0M FY 2025 contracted revenue target by next Tuesday.