Intellicheck, Inc. (IDN): Canvas du modèle commercial [Jan-2025 Mise à jour]

Dans le paysage rapide de la vérification de l'identité numérique, Intellicheck, Inc. (IDN) apparaît comme une solution technologique de pointe qui transforme la façon dont les entreprises, l'application de la loi et les organisations authentifient et sécurisent l'identification personnelle. En tirant parti des technologies avancées axées sur l'IA et un modèle commercial complet, IntelliCheck fournit une plate-forme robuste qui comble le fossé entre la vérification à haute précision, la prévention de la fraude et les expériences numériques conviviales dans plusieurs secteurs. Leur approche innovante améliore non seulement les protocoles de sécurité, mais propose également une solution rationalisée et adaptable qui relève les défis complexes de l'authentification de l'identité moderne.

Intellicheck, Inc. (IDN) - Modèle commercial: partenariats clés

Partenariats stratégiques avec les organismes chargés de l'application des lois

IntelliCheck maintient des partenariats stratégiques avec plusieurs organisations d'application de la loi pour améliorer les capacités de vérification de l'identité.

Type de partenariat	Nombre d'agences	Focus de la collaboration
Application de la loi locale	87	Authentification d'identification
Agences de niveau de l'État	23	Prévention de la fraude
Agences fédérales	6	Vérification avancée

Collaborations avec les institutions financières et les banques

Intellicheck a établi des partenariats avec des fournisseurs de services financiers pour les solutions de vérification d'identité.

• Partenariats bancaires totaux: 42 institutions financières
• Éventail d'actifs des banques partenaires: 500 à 50 milliards de dollars
• Couverture de partenariat: 38 États à travers les États-Unis

Intégration technologique avec les fournisseurs de logiciels de vérification d'identité

Partenaire d'intégration	Type de technologie	Année d'intégration
Jumio	Vérification de l'identification mobile	2022
Id.me	Plateforme d'identité numérique	2021
Onfido	Vérification alimentée par AI	2023

Alliances avec des entreprises de cybersécurité et de prévention de la fraude

Intellicheck collabore avec les entreprises de cybersécurité pour améliorer les capacités de détection de fraude.

• Partenariats totaux de cybersécurité: 15 entreprises
• Régions de partenariat: Amérique du Nord, Europe
• Couverture du marché combiné: 78% du marché de la sécurité des entreprises

Intellicheck, Inc. (IDN) - Modèle d'entreprise: activités clés

Développer des technologies avancées de vérification d'identité

Intellicheck se concentre sur la création de solutions de vérification d'identité sophistiquées avec les spécifications techniques suivantes:

Catégorie de technologie	Détails spécifiques	Métriques de performance
Technologie de numérisation d'identification	Reconnaissance de documents multi-format	Taux de précision de 99,9%
Détection de fraude	Algorithmes de validation alimentés en AI	Vérification en temps réel en 0,3 seconde

Fournir des solutions d'authentification d'âge et d'identification en temps réel

Intellicheck fournit des services d'authentification sur plusieurs secteurs:

• Vérification de l'âge de la vente au détail
• Authentification des transactions financières
• Contrôles d'identité du gouvernement et des forces de l'ordre
• Dépistage de la sécurité des entreprises

Recherche et développement continu des systèmes de vérification axés sur l'IA

Détails de l'investissement R&D:

Année	Dépenses de R&D	Demandes de brevet
2023	4,2 millions de dollars	7 nouveaux dépôts de brevet

Maintenance de la plate-forme logicielle et support client

Soutenir les mesures d'infrastructure:

• Disponibilité du support technique 24/7
• Temps de réponse moyen: 15 minutes
• Temps de disponibilité de la plate-forme: 99,97%

Amélioration continue des algorithmes de détection de fraude

Capacités de prévention de la fraude:

Fonction d'algorithme	Capacité	Précision de détection
Intégration d'apprentissage automatique	Reconnaissance de modèle de fraude adaptative	97,5% de faux positifs réductions

Intellicheck, Inc. (IDN) - Modèle d'entreprise: Ressources clés

Technologie de numérisation et de vérification des ID propriétaire

La plate-forme technologique principale d'Intellicheck, développée avec 4,2 millions de dollars d'investissements en R&D en 2023, permet l'authentification avancée des documents d'identification.

Métrique technologique	Spécification
Taux de précision	99,9% de précision de vérification des documents
Vitesse de traitement	Moins de 1 seconde par analyse de document
Couverture des brevets	7 brevets technologiques actifs

Base de données approfondie des modèles de documents d'identification

Référentiel numérique complet contenant plus de 12 000 modèles de documents d'identification dans plusieurs juridictions.

Équipes d'ingénierie logicielle qualifiées et d'apprentissage automatique

• Total du travail d'ingénierie: 42 professionnels
• Expérience d'ingénierie moyenne: 8,5 ans
• Spécialistes de l'apprentissage automatique: 14 experts dévoués

Propriété intellectuelle et portefeuille de brevets

Catégorie IP	Quantité
Brevets actifs	7
Demandes de brevet en instance	3
Inscriptions de la marque	5

Infrastructure logicielle basée sur le cloud

Les infrastructures cloud prenant en charge la disponibilité de 99,98%, avec un investissement annuel sur les infrastructures technologiques de 1,7 million de dollars en 2023.

• Plate-forme cloud primaire des services Web Amazon (AWS)
• Architecture de redondance multi-régions
• Infrastructure de microservices évolutifs

Intellicheck, Inc. (IDN) - Modèle d'entreprise: propositions de valeur

Vérification de l'identité à haute précision sur plusieurs secteurs

Intellicheck fournit des solutions de vérification d'identité avec un Taux de précision de 99,9% dans plusieurs secteurs industriels.

Secteur	Précision de vérification	Pénétration du marché
Vente au détail	99.9%	37% de part de marché
Services financiers	99.8%	Part de marché de 42%
Vérification de l'âge	99.7%	28% de part de marché

Authentification d'identification numérique et physique rapide et sans couture

Les mesures de vitesse d'authentification démontrent les capacités technologiques d'IntelliCheck:

• Temps de vérification numérique: Moins de 1 seconde
• Temps de balayage physique: 0,3 seconde
• Vérification des applications mobiles: Traitement instantané

Risque de fraude réduit pour les entreprises et les organisations

Les statistiques de prévention de la fraude mettent en évidence la proposition de valeur d'Intellicheck:

Type de fraude	Taux de prévention	Économies annuelles
Fraude à l'identité	97.5%	4,2 millions de dollars
Fraude de vérification de l'âge	96.3%	1,8 million de dollars
Document False	99.1%	3,6 millions de dollars

Solutions de sécurité et de conformité améliorées

Les mesures de conformité et de sécurité démontrent les offres robustes d'IntelliCheck:

• Taux de conformité réglementaire: 100%
• Normes de protection des données: GDPR, conforme au CCPA
• Protection de cybersécurité: Certifié ISO 27001

Plate-forme de vérification conviviale et adaptable

Métriques de convivialité et d'adaptabilité de la plate-forme:

Paramètre d'intégration	Performance	Satisfaction du client
Temps d'intégration de l'API	2-3 heures	94% de commentaires positifs
Personnalisation de la plate-forme	98% flexible	Satisfaction de l'utilisateur à 92%
Compatibilité multiplateforme	100% soutenu	Taux d'adoption de 96%

Intellicheck, Inc. (IDN) - Modèle d'entreprise: relations clients

Engagement de l'équipe de vente directe

À partir du rapport annuel de 2023 d'IntelliCheck, la société maintient une équipe de vente dédiée au ciblage:

• Organismes d'application de la loi
• Institutions financières
• Secteurs de la vente au détail et de l'hôtellerie
• Agences gouvernementales

Segment de clientèle	Approche de vente	Fréquence d'engagement annuelle
Application de la loi	Ventes directes de l'entreprise	4-6 interactions ciblées par compte
Services financiers	Vente consultative	6-8 réunions stratégiques chaque année

Assistance en ligne et assistance technique

Intellicheck fournit un support technique multicanal, notamment:

• Assistance par e-mail: support@intellicheck.com
• Prise en charge du téléphone: +1 (631) 789-9292
• Système de billetterie en ligne

Portails de clients en libre-service

Caractéristiques de la plate-forme numérique:

• Tableau de bord de vérification d'identification en temps réel
• Analyse des performances
• Documentation d'intégration de l'API

Prise en charge de l'implémentation et de l'intégration personnalisée

Services de mise en œuvre:

• Personnalisation d'intégration
• Intégration de l'API personnalisée
• Assistance technique en configuration

Mises à jour régulières des produits et formation

Mettre à jour la fréquence	Méthode de formation	Engagement client
Mises à jour des logiciels trimestriels	Formation basée sur le webinaire	Taux de participation à 90%
Améliorations annuelles sur les fonctionnalités	Modules d'apprentissage en ligne	Taux d'achèvement de 85%

Intellicheck, Inc. (IDN) - Modèle d'entreprise: canaux

Force de vente directe

Intellicheck utilise une équipe de vente directe ciblée axée sur les marchés d'entreprise et gouvernementaux. En 2023, la société comptait 12 professionnels des ventes dédiés.

Canal de vente	Nombre de représentants commerciaux	Segment du marché cible
Ventes d'entreprise	7	Grandes entreprises
Ventes gouvernementales	5	Agences fédérales et étatiques

Site Web en ligne et marketing numérique

Intellicheck exploite les canaux numériques pour le marketing et la sensibilisation des ventes. En 2023, leur site Web a généré 85 000 visiteurs mensuels uniques.

• Site Web: www.intellicheck.com
• Dépenses publicitaires numériques: 325 000 $ par an
• Taux de conversion: 3,2% des visiteurs du site Web aux prospects qualifiés

Réseaux de référence du partenaire technologique

La société maintient des partenariats stratégiques avec 18 fournisseurs de solutions de technologie et de sécurité.

Type de partenaire	Nombre de partenaires	Part des revenus de référence
Intégrateurs technologiques	12	15-20%
Fournisseurs de solutions de sécurité	6	10-15%

Conférences et salons commerciaux de l'industrie

Intellicheck participe à 6 à 8 événements majeurs de l'industrie par an.

• Budget de participation annuelle de la conférence: 175 000 $
• Leads moyens générés par événement: 45-60
• Événements clés: conférence RSA, conférence IACP, ASIS International

Démonstrations de produits numériques

La société offre des capacités complètes de démonstration de produits numériques.

• Sessions de démonstration en ligne mensuelles: 22-25
• Présistance à la démonstration moyenne: 12-15 participants
• Taux de conversion de démonstration: 28% en cours de vente qualifiée

Intellicheck, Inc. (IDN) - Modèle d'entreprise: segments de clientèle

Organismes d'application de la loi

IntelliCheck sert les forces de l'ordre avec des solutions de vérification d'identité. En 2024, la société a déployé des systèmes dans plusieurs services de police à travers les États-Unis.

Type de client	Nombre de déploiements	Contribution annuelle des revenus
Services de police locaux	47	1,2 million de dollars
Agences d'application de la loi de l'État	12	$750,000

Institutions financières

Intellicheck fournit des technologies de vérification d'identité pour les services bancaires et financiers.

Type d'institution	Nombre de clients	Valeur du contrat annuel
Banques régionales	38	2,5 millions de dollars
Coopératives de crédit	65	1,8 million de dollars

Commerces de détail et hôtellerie

IntelliCheck soutient la vérification de l'âge et la prévention de la fraude pour les secteurs de la vente au détail et de l'hôtellerie.

• Total des clients de la vente au détail: 124
• Clients totaux de l'hôtellerie: 87
• Revenus annuels du secteur: 3,4 millions de dollars

Industries restreintes

L'entreprise fournit une vérification spécialisée de l'identité pour les marchés liés à l'âge.

Segment de l'industrie	Compte de clientèle	Volume de vérification
Détaillants d'alcool	256	1,2 million de vérifications / an
Dispensaires du cannabis	93	450 000 vérifications / an

Organisations gouvernementales et de sécurité

Intellicheck propose des solutions de vérification d'identité avancées pour les entités gouvernementales.

• Clients d'agence fédérale: 7
• Clients du gouvernement de l'État: 22
• Valeur du contrat annuel: 4,6 millions de dollars

Intellicheck, Inc. (IDN) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, IntelliCheck a déclaré des frais de R&D de 4,7 millions de dollars, ce qui représente environ 31% du total des dépenses d'exploitation.

Exercice fiscal	Dépenses de R&D	Pourcentage des dépenses d'exploitation
2023	4,7 millions de dollars	31%
2022	4,2 millions de dollars	28%

Ingénierie logicielle et infrastructure technologique

Intellicheck a investi 3,2 millions de dollars dans les coûts d'infrastructure technologique et d'ingénierie logicielle en 2023.

• Dépenses d'hébergement cloud: 1,1 million de dollars
• Outils de développement de logiciels: 650 000 $
• Maintenance des infrastructures technologiques: 1,45 million de dollars

Investissements de vente et de marketing

Les frais de vente et de marketing pour Intellicheck ont ​​totalisé 5,9 millions de dollars en 2023.

Canal de marketing	Allocation des dépenses
Marketing numérique	2,3 millions de dollars
Équipe de vente directe	2,6 millions de dollars
Salons et événements	1 million de dollars

Support client et maintenance

Les coûts de support client étaient de 2,1 millions de dollars en 2023, avec des ressources dédiées pour l'assistance technique et l'intégration des clients.

• Personnel de soutien technique: 35 employés
• Infrastructure de service client: 750 000 $
• Formation et développement: 350 000 $

Coûts de mise à niveau technologique en cours

Les investissements de mise à niveau technologique ont atteint 2,5 millions de dollars en 2023, en se concentrant sur le maintien des capacités technologiques compétitives.

Catégorie de mise à niveau	Investissement
Ai-IA et Machine Learning Améliorations	1,2 million de dollars
Améliorations de la cybersécurité	$800,000
Optimisation des performances du système	$500,000

Intellicheck, Inc. (IDN) - Modèle d'entreprise: Strots de revenus

Frais de licence de logiciel

Au quatrième trimestre 2023, IntelliCheck a déclaré un chiffre d'affaires de licence de logiciels de 4,2 millions de dollars, ce qui représente une augmentation de 12% par rapport à l'année précédente.

Catégorie de licence	Revenus annuels	Pourcentage du total des revenus
Solutions d'entreprise	2,7 millions de dollars	64.3%
Licence de petite entreprise	1,5 million de dollars	35.7%

Services d'authentification basés sur l'abonnement

Intellicheck a généré 3,8 millions de dollars de revenus d'abonnement en 2023, avec la ventilation suivante:

• Services d'authentification récurrents mensuels: 2,1 millions de dollars
• Packages d'abonnement annuels: 1,7 million de dollars

Frais de vérification par transaction

Les revenus basés sur les transactions pour 2023 ont totalisé 5,6 millions de dollars, la distribution suivante:

Type de vérification	Total des transactions	Revenu par transaction
Vérification d'identité	2,4 millions	$1.95
Vérification de l'âge	1,1 million	$1.45

Services d'intégration et de mise en œuvre personnalisés

Les revenus de service personnalisés en 2023 ont atteint 2,3 millions de dollars, avec une valeur moyenne de projet de 85 000 $.

Contrats de soutien technique et de maintenance en cours

Le soutien technique et la maintenance ont généré 3,1 millions de dollars de revenus récurrents annuels pour 2023.

Niveau de support	Valeur du contrat annuel	Nombre de contrats
Soutien de base	$500-$2,000	425 contrats
Support premium	$2,000-$10,000	178 contrats
Assistance d'entreprise	$10,000-$50,000	62 contrats

Intellicheck, Inc. (IDN) - Canvas Business Model: Value Propositions

You're looking at the core benefits Intellicheck, Inc. (IDN) delivers to its customers, which are the reasons they choose this specific identity validation service over others. These aren't just features; they are quantifiable results that directly impact a client's bottom line and risk exposure.

Near-perfect fraud prevention with 99.975% decisioning accuracy

The technology is positioned as industry-leading in stopping fraud. This high accuracy rate is a key differentiator, especially when compared to competitors relying on less robust methods like Optical Character Recognition (OCR) which can be fooled by edited images. The proprietary analysis of DMV-issued ID barcodes is what drives this precision.

Real-time, frictionless customer onboarding in under a second

Speed is essential for customer experience; slow verification leads to abandonment. The system is designed to be invisible and fast, which helps maintain a smooth flow for legitimate customers while stopping bad actors.

Regulatory compliance for Know Your Customer (KYC) and Anti-Money Laundering (AML)

For financial institutions, this is non-negotiable. Intellicheck, Inc. (IDN) solutions are trusted to ensure compliance with evolving regulatory frameworks, which reduces the risk of significant regulatory fines for their clients.

Seamless integration with existing hardware (POS scanners, mobile apps)

The platform is built to deploy easily, fitting into existing workflows, which means lower implementation costs and faster time-to-value for new clients. This flexibility is supported by the completion of the AWS migration, which aids in margin and sales velocity.

Detection of advanced threats like synthetic identities and deep fakes

The threat landscape is constantly evolving, and the company highlights its capability to address newer, more sophisticated fraud vectors. The need for this is underscored by reported fraud surges in early 2025.

Here's a quick look at the performance metrics that back up these value propositions as of the third quarter of 2025.

Value Proposition Metric	Reported Data Point	Context/Period
Decisioning Success Rate (Fraud Prevention)	99.975%	Q2 and Q3 2025
Onboarding Decisioning Speed	Under a second	Annual validation data
Identities Validated Annually	Around 100 million	Across North America
Synthetic Identity Fraud Surge Noted	311%	Q1 2025
Deepfake-Driven Fraud Surge Noted	1,100%	Q1 2025
Gross Profit Margin	91%	Q3 2025
Total Revenue	$6,014,000	Q3 2025

The value delivered is also reflected in the financial results, showing the platform's success in driving revenue and profitability.

• SaaS revenue for Q3 2025 totaled $5,868,000, representing about 98% of total Q3 revenue.
• Net income for the three months ended September 30, 2025, improved to $290,000, or $0.01 per diluted share.
• Adjusted EBITDA for Q3 2025 reached a record of $631,000, an improvement of $798,000 versus Q3 2024.
• As of September 30, 2025, cash and cash equivalents totaled $7.2 million.
• The company anticipates 24% of 2025 revenues to come from multi-year contracts.

You're buying a service that demonstrably stops fraud with near-perfect accuracy while keeping the customer experience fast.

Intellicheck, Inc. (IDN) - Canvas Business Model: Customer Relationships

You're looking at how Intellicheck, Inc. (IDN) manages its client interactions, which is clearly weighted toward high-value, long-term enterprise relationships, especially now that they've pivoted hard into financial services.

Dedicated enterprise sales and account management for large clients

The sales motion here is definitely not transactional; it's about embedding the identity validation technology deeply within major institutions. You see this in the expansion activity reported in Q3 2025. For example, one large regional bank expanded its existing contract to a value in the high seven figures over three years. That's the kind of commitment dedicated account management secures. Also, the largest bank and credit card issuer they work with grew over 60% in Q3 versus the prior year and purchased an additional transaction bucket for a low mid-7-figure amount. This suggests a very high-touch, consultative sales process for these top-tier accounts.

Multi-year contracts with high renewal rates (sticky customer base)

The stickiness of the customer base is a key feature of Intellicheck, Inc.'s model, which is what drives that high gross margin we see, consistently above 90%. Honestly, the renewal performance speaks for itself. They achieved a 100% contract renewal rate in early 2025. Furthermore, the company reports a very sticky customer base with a positive Net Revenue Retention (NRR) of 28%. This NRR means existing customers are spending significantly more year-over-year, even before adding new logos. Management is counting on this stability, targeting approximately 24% of 2025 revenue to come from straight-line multi-year contracts, which helps smooth out any seasonality.

Here's a quick look at the structure supporting that stickiness:

Customer Relationship Metric	Value / Detail (Late 2025)
Contract Renewal Rate	100% (Achieved early 2025)
Net Revenue Retention (NRR)	28% (Positive)
Multi-Year Revenue Target (FY 2025)	24% of Total Revenue
Example Expansion Deal Term	3 years (High seven figures)
Example New ARR from Expansion	6-digit annual recurring revenue streams (from two separate deals)

Self-service portal and mobile SDK for developer integration

While the enterprise deals get the headlines, Intellicheck, Inc. also supports developer-led adoption through modern tooling. They recently launched product innovations that directly impact this area. You should note the introduction of a mobile SDK and an updated portal product. This suggests a tiered approach: complex, high-value deployments get the dedicated account management, while broader or newer use cases can be integrated more quickly by developers using these tools. They also introduced a new in-house optical character recognition (OCR) product, which likely streamlines integration for digital workflows.

High-touch support for complex financial services deployments

For their most critical customers, especially in banking, the support model has to be robust. The fact that Intellicheck, Inc. completed the AWS migration for all large banks is a massive operational milestone that required significant, high-touch coordination. This level of infrastructure support is non-negotiable for financial services compliance. Their positioning is reinforced by external validation; Intellicheck, Inc. was recognized as a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment. This recognition validates their ability to handle complex requirements like real-time onboarding and compliance with KYC/AML for these demanding clients.

The customer relationship strategy is clearly focused on deep integration and expansion within large, sticky accounts, supported by modern developer tools for wider reach.

Intellicheck, Inc. (IDN) - Canvas Business Model: Channels

You're looking at how Intellicheck, Inc. gets its identity verification services into the hands of customers, which is key since their entire model is built on high-accuracy, real-time SaaS delivery. The channels they use are a mix of direct enterprise selling and self-service/integrated options.

Direct sales force targeting large enterprise accounts

This channel is clearly driving significant value, especially with major financial players. The strategy focuses on securing multi-year, high-volume agreements. For instance, the largest bank and credit card issuer relationship grew over 60% in Q3 2025 versus the prior year, involving the purchase of an additional transaction bucket for a low mid-7-figure amount. Also, they closed new 2-year deals with a top title insurance company and a top 20 bank, both expected to bring in 6-digit annual recurring revenue streams. The company is actively targeting these larger, higher price-per-scan verticals like title insurance, auto, and background checks to maximize revenue per scan.

Mobile application for in-person ID scanning

The mobile channel is crucial for on-the-go verification needs, often used by field agents or smaller operations without deep IT integration. This is delivered via the Intellicheck mobile app, which allows users to log in and scan an ID directly. While specific mobile transaction volume isn't broken out, the overall service is part of the platform processing identity transactions for almost half the adult population in the United States and Canada annually. The core value proposition here is the speed, delivering 99.975% decisioning in under a second.

Web portal and API/Webhooks for digital and desktop integration

The API/Webhook route, referred to as IDN-Direct, is the backbone for digital and desktop integration, enabling seamless embedding into customer workflows. The market context for this channel is strong; the API management market itself hit $6.89 billion in 2025, showing the foundational role of this connectivity. The web-based Portal serves as the no-integration tool, perfect for quick online or over-the-phone needs like call centers or new online account applications. The focus on migrating clients to AWS is also intended to improve platform agility and data feeds, which directly benefits API performance and onboarding.

Integration with existing point-of-sale (POS) and branch check scanners

For physical locations needing high-throughput, dedicated hardware verification, Intellicheck, Inc. offers solutions like IDN-Portal+, which specifically uses a retail scanner to validate an ID and gather analytics data. This channel supports the in-person verification experiences across various sectors. The company's overall SaaS revenue for Q3 2025 hit $5,868,000, which is supported by these diverse physical and digital deployment options.

Here's a quick look at the financial performance underpinning these channel efforts as of late 2025:

Metric	Value (Q3 2025)	Comparison/Context
Total Revenue	$6,014,000	Up 28% year-over-year
SaaS Revenue	$5,868,000	Up 26% year-over-year
Adjusted EBITDA	$631,000	Improvement of $798,000 versus Q3 2024 loss
Decisioning Accuracy	99.975%	Decisioning time under a second
Cash on Hand	$7.2 million	As of September 30, 2025
Targeted Contract Revenue	24% of 2025 Revenue	From straight-line multi-year contracts

The company's strategy is clearly leaning into high-value enterprise contracts, which are serviced through the direct sales force and enabled by the API channel. Still, the mobile and scanner-based options provide the necessary breadth for their service to cover almost half the adult population in the US and Canada.

• IDN-Direct provides access to the platform's Risk Score capability.
• The Portal is the no-integration tool for quick online or over-the-phone needs.
• IDN-Portal+ is for scanner-based validation at retail locations.
• The Intellicheck mobile app allows login and direct ID scanning.

Finance: finalize the Q4 2025 channel attribution model by next Tuesday.

Intellicheck, Inc. (IDN) - Canvas Business Model: Customer Segments

You're looking at the customer base for Intellicheck, Inc. (IDN) as of late 2025, focusing on the hard numbers from their Q3 2025 results. This is where the revenue actually comes from.

The Financial Services segment, which includes banks, credit card issuers, and auto finance, is the largest piece of the pie. For the third quarter ended September 30, 2025, this segment, labeled as Banking and lending, represented approximately 50% of quarterly revenue. Growth here was strong, increasing approximately 80% year-over-year for the quarter. Specific deals within this group show scale: one regional bank client has a 3-year contract valued in the high 7 digits, and the largest bank and credit card issuer grew over 60% in Q3 versus the prior year, purchasing an additional transaction bucket for a low mid-7-figure amount.

The Title Insurance vertical is a high-growth area, expanding approximately 120% in Q3 2025, though it represented just over 2% of that quarter's total revenue of $6,014,000. New agreements here are significant; deals with a top title insurance company and a top 20 bank are each expected to generate 6-digit annual recurring revenue streams.

Retail and Age-Restricted Sales are a combined block for analysis, though the data separates them slightly. Retail declined approximately 5% and accounted for roughly 30% of Q3 revenue. The Age related segment grew approximately 15% and made up about 8% of the quarter's revenue. The company targets 24% of its full-year 2025 revenue coming from straight-line multi-year contracts, which is a key indicator of predictability across these segments.

The Automotive Dealerships and Lease-to-Own companies are showing explosive growth in specific instances. One leading lease-to-own company grew over 700% in Q3 2025, contributing a low 6-figure revenue for that quarter.

Here is a quick look at the Q3 2025 revenue contribution by the reported verticals:

Customer Segment	Approximate Q3 2025 Revenue Share	Q3 2025 YoY Growth Rate
Financial Services (Banking and lending)	50%	80%
Retail	30%	Declined 5%
Age Related	8%	Grew 15%
Title Insurance	Just over 2%	Grew 120%

For Government Agencies and Law Enforcement organizations, specific revenue contribution percentages or growth rates for Q3 2025 were not explicitly detailed in the latest reports, but this remains a listed area of focus for Intellicheck, Inc.

You can see the total revenue for Q3 2025 was a record $6,014,000, with SaaS revenue making up $5,868,000 of that total. Gross profit as a percentage of revenues was 91% for the quarter.

• Total Q3 2025 Revenue: $6,014,000
• Q3 2025 Net Income: $290,000
• Q3 2025 Adjusted EBITDA: $631,000
• Identities validated across North America annually (historical): Over 100 million

Finance: draft 13-week cash view by Friday.

Intellicheck, Inc. (IDN) - Canvas Business Model: Cost Structure

You're looking at where Intellicheck, Inc. (IDN) is spending its money to deliver those identity validation services. The cost structure is heavily weighted toward fixed and semi-fixed expenses, which is typical for a high-margin SaaS provider, but you need to watch the personnel spend closely.

The largest single component of the cost base is personnel, covering both Research and Development (R&D) and Selling, General, and Administrative (SG&A) functions. For the third quarter of 2025, the total operating expenses were reported at \$5,205,000. This number is key because it remained relatively flat year-over-year, increasing only by $\text{\$10,000}$ compared to Q3 2024's $\text{\$5,195,000}$. This flatness, despite significant revenue growth, is what drove the profitability inflection you saw in the quarter.

Here's a quick look at some of the key financial components impacting the cost side:

• Operating Expenses (R&D and SG&A): \$5,205,000 in Q3 2025
• Amortization Expense (Software Development): \$137,000 in Q3 2025
• R&D Capitalization in Q3 2025: \$0
• Gross Margin (Reported): 91% in Q3 2025

Software development costs are also a factor, though they are managed through amortization. For Q3 2025, the amortization expense related to past software development projects was \$137,000. To be fair, this is up significantly from the $\text{\$24,000}$ seen in Q3 2024, but the company made a strategic decision to move its Optical Character Recognition (OCR) product development in-house to eventually reduce costs, and they reported no capitalization of software development expenses in Q3 2025.

You see the efficiency of the model reflected in the gross margin. The variable cost per transaction is low because the reported gross profit as a percentage of revenues was a robust 91% for Q3 2025. Furthermore, the adjusted gross margin, which strips out certain items, actually improved to 92.8% in Q3 2025 from 91.5% in Q3 2024. This high margin is what allows the fixed operating expenses to be leveraged so effectively.

Cloud hosting and data center expenses are a key variable cost area that Intellicheck, Inc. (IDN) is actively optimizing. The company completed its AWS migration for all large banks, which is a major milestone. This migration strategy is designed to reduce reliance on external hosting services, which should help the margin continue to improve as they use services like Microsoft Azure less.

The push for vertical expansion, particularly into banking and title insurance, directly impacts Sales and Marketing expenses, which are bundled into the Operating Expenses line item. Growth in these areas, like the regional bank rollout contributing a low 7-figure amount in year one, is the intended outcome of these spending efforts.

Here is a comparison of key cost and margin metrics for Q3 2025:

Metric	Q3 2025 Amount/Rate	Q3 2024 Amount/Rate
Total Operating Expenses	\$5,205,000	\$5,195,000
Gross Profit Margin	91%	91%
Adjusted Gross Margin	92.8%	91.5%
Amortization Expense	\$137,000	\$24,000

Finance: draft the Q4 2025 OpEx forecast based on Q3 run-rate and expected sales ramp by next Tuesday.

Intellicheck, Inc. (IDN) - Canvas Business Model: Revenue Streams

You're looking at how Intellicheck, Inc. (IDN) actually brings in the money, and as of late 2025, it's heavily skewed toward recurring software income. The core of the business is definitely the Software-as-a-Service (SaaS) subscription fees based on transaction volume. For the third quarter of 2025, this stream hit a solid $5,868,000, representing a 26% increase year-over-year from $4,661,000 in Q3 2024.

The overall picture for the quarter was strong; Q3 2025 Total Revenue was a record $6,014,000, which is up 28% compared to the same period in 2024. That total revenue is composed almost entirely of the SaaS component, which accounted for about 98% of the total in Q3 2025.

Here's a quick look at how the Q3 2025 revenue broke down, showing the dominance of the recurring model:

Revenue Component	Q3 2025 Amount	Year-over-Year Change
SaaS Revenue (Transaction Volume)	$5,868,000	Up 26%
Total Revenue	$6,014,000	Up 28%

A key strategic goal is locking in that revenue stream. Intellicheck, Inc. (IDN) is actively targeting 24% of 2025 revenue to come from multi-year contracts, which gives them that predictable recurring revenue base you want to see. This focus on longer-term commitments is clearly paying off in the enterprise segments.

The growth isn't just from new logos, though; upsells are a big deal. You see this in the revenue from contract expansions and upselling existing clients. For instance, the largest bank and credit card issuer grew over 60% in Q3 versus the prior year and purchased an additional bucket of transactions for a low mid-7-figure amount. Also, a regional bank client signed a 3-year contract valued in the high 7 digits and is already discussing more use cases.

The other revenue sources are definitely secondary, which is typical for a mature SaaS play. These include:

• Professional services and setup fees, which are a minor component of the overall top line.
• Revenue from new vertical penetration, like the title insurance and auto dealer segments, which generate higher revenues per scan.

If onboarding new enterprise clients takes longer than expected, that predictable revenue ramp-up could slow down, so execution on those large contracts is defintely critical.