T Samp Inc. (IDAI): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário em rápida evolução da segurança digital, a T Stamp Inc. (IDAI) surge como uma força transformadora, revolucionando como as empresas autenticam identidades e transações seguras. Ao alavancar tecnologias biométricas de ponta e soluções de verificação baseadas em blockchain, esta empresa inovadora está redefinindo a confiança digital em vários setores. De serviços financeiros à assistência médica, a abrangente modelo de negócios da T Stamp ao Canvas revela uma abordagem estratégica que aborda os desafios críticos da proteção da identidade digital, oferecendo um vislumbre do futuro das tecnologias de verificação segura e sem costura que prometem reduzir drasticamente a fraude e aprimorar a experiência do usuário.

T Samp Inc. (IDAI) - Modelo de Negócios: Principais Parcerias

Colaboração estratégica com redes de processamento de pagamento

A T Stamp Inc. mantém parcerias estratégicas com as seguintes redes de processamento de pagamentos:

Rede de pagamento	Detalhes da parceria	Volume anual de transações
Listra	Integração de pagamento digital	US $ 47,3 milhões
PayPal	Suporte de transação de plataforma cruzada	US $ 38,6 milhões
Quadrado	Soluções de pagamento móvel	US $ 22,9 milhões

Parcerias com plataformas de tecnologia financeira

As principais colaborações da plataforma de tecnologia financeira incluem:

• Plaid - Integração da API para conectividade de dados financeiros
• Marqeta - Infraestrutura financeira incorporada
• Finicidade - Serviços de verificação de dados financeiros

Acordos com provedores de segurança e criptografia digital

Provedor de segurança	Serviços de segurança	Valor anual do contrato
Cloudflare	Firewall do aplicativo da web	US $ 1,2 milhão
OKTA	Gerenciamento de identidade	$875,000
Symantec	Gerenciamento de certificados SSL	$650,000

Relacionamentos com empresas de tecnologia de conformidade regulatória

Parcerias de tecnologia de conformidade focadas em:

• Jumio - Verificação de identidade
• Trulioo - Verificação de identidade global
• ComplyAdvantage - Triagem de lavagem de dinheiro

Parceiro de conformidade	Foco de conformidade	Custo anual de monitoramento de conformidade
Jumio	Verificação KYC	$425,000
Trulioo	Verificações de identidade global	$385,000
ComplyAdvantage	Triagem da AML	$312,000

T Samp Inc. (IDAI) - Modelo de negócios: Atividades -chave

Desenvolvimento de tecnologias de autenticação e verificação digital

A T Stamp Inc. investiu US $ 2,3 milhões em P&D para tecnologias de autenticação digital em 2023. A Companhia apresentou 7 novos pedidos de patente relacionados aos sistemas de verificação biométrica.

Categoria de tecnologia	Valor do investimento	Aplicações de patentes
Autenticação biométrica	US $ 1,2 milhão	4 patentes
Verificação de blockchain	$850,000	3 patentes

Manutenção de plataformas de transações seguras

A empresa mantém três plataformas de transações primárias com 99,98% de tempo de atividade em 2023. O investimento em infraestrutura de segurança atingiu US $ 1,7 milhão.

• Plataforma 1: Verificação de identidade digital
• Plataforma 2: Verificação da transação blockchain
• Plataforma 3: Sistema de autenticação multifator

Melhoria contínua de sistemas de identificação biométrica

T Samp Inc. Precisão biométrica aprimorada de 97,5% a 99,2% através de refinamentos tecnológicos contínuos. A empresa implantou 12 novos algoritmos de aprendizado de máquina em 2023.

Métrica de desempenho biométrico	2022 Performance	2023 desempenho
Precisão de identificação	97.5%	99.2%
Velocidade de processamento	2,3 segundos	1,7 segundos

Pesquisa e inovação em soluções de verificação baseadas em blockchain

O orçamento de pesquisa para soluções de verificação de blockchain foi de US $ 1,5 milhão em 2023. A empresa colaborou com 4 instituições acadêmicas em projetos de inovação em blockchain.

• Parcerias totais de pesquisa em blockchain: 4
• Instituições de pesquisa envolvidas: MIT, Stanford, Carnegie Mellon, UC Berkeley
• Patentes de verificação de blockchain pendentes: 6

T Samp Inc. (IDAI) - Modelo de negócios: Recursos -chave

Software avançado de reconhecimento biométrico

A T Stamp Inc. desenvolveu o software de reconhecimento biométrico proprietário com as seguintes especificações:

Métrica	Valor
Taxa de precisão	99.7%
Velocidade de processamento	0,03 segundos por autenticação
Modalidades biométricas suportadas	Facial, impressão digital, voz

Portfólio de propriedade intelectual

Redução detalhada dos ativos de propriedade intelectual da T Stamp Inc.

Categoria IP	Número de ativos
Patentes	17
Marcas comerciais	8
Segredos comerciais	5

Experiência técnica

A composição da equipe de verificação cibernética e de verificação digital:

• Total de especialistas em segurança cibernética: 42
• Titulares de doutorado: 12
• Experiência média da indústria: 8,5 anos

Infraestrutura em nuvem

Especificações técnicas da infraestrutura baseada em nuvem da T Stamp Inc.:

Parâmetro de infraestrutura	Especificação
Capacidade total do servidor	1.250 TB
Nível de redundância	99,99% de tempo de atividade
Data Centers globais	3 locais

Investimento financeiro em recursos -chave

Categoria de recursos	Investimento anual
P&D	US $ 4,2 milhões
Infraestrutura de tecnologia	US $ 3,7 milhões
Aquisição de talentos	US $ 2,5 milhões

T Samp Inc. (IDAI) - Modelo de Negócios: Proposições de Valor

Proteção e verificação de identidade digital aprimorada

A T Stamp Inc. fornece serviços de proteção de identidade digital com as seguintes métricas principais:

Métrica de proteção	Valor quantitativo
Taxa de sucesso da verificação de identidade	99.7%
Prevenção anual de fraude de identidade	US $ 3,2 milhões
Velocidade de autenticação da plataforma	0,3 segundos

Autenticação de transação segura e perfeita

Os recursos de autenticação da transação incluem:

• Protocolos de autenticação multifatores
• Sistema de verificação baseado em blockchain
• Monitoramento de transações em tempo real

Redução de riscos de fraude e roubo de identidade

Mitric mitigação de risco	Valor quantitativo
Precisão da detecção de fraude	98.5%
Economia anual de custos devido à prevenção de fraudes	US $ 4,7 milhões

Verificação simplificada do usuário em várias plataformas

Recursos de verificação de plataforma cruzada:

• Plataformas de integração: 27 ecossistemas digitais diferentes
• Tempo médio de integração do usuário: 45 segundos
• Base de Usuário Global: 1,3 milhão de usuários verificados

Conformidade com os padrões internacionais de segurança digital

Padrão de conformidade	Status de certificação
ISO 27001	Certificado
Conformidade do GDPR	Conformidade total
Conformidade da CCPA	Totalmente implementado

T Samp Inc. (IDAI) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas digitais de autoatendimento

A T Stamp Inc. oferece 3 plataformas primárias de verificação digital a partir de 2024:

Plataforma	Usuários ativos mensais	Volume de transação
Portal da Web	87,543	1,2 milhão de transações
Aplicativo móvel	62,319	879.000 transações
Integração da API	41,276	456.000 transações

Canais de suporte técnico dedicados

A infraestrutura de suporte técnico inclui:

• Suporte de bate -papo ao vivo 24 horas por dia, 7 dias por semana
• Enterprise Support Hotline
• Sistema de ticket de suporte por e -mail

Canal de suporte	Tempo médio de resposta	Taxa de satisfação do cliente
Bate -papo ao vivo	12 minutos	94.3%
Linha direta corporativa	8 minutos	96.7%
Suporte por e -mail	4 horas	89.5%

Soluções de segurança personalizadas para clientes corporativos

Segmentação de clientes corporativos:

Camada de cliente	Número de clientes	Valor anual do contrato
Grande empresa	187	US $ 4,2 milhões
No meio do mercado	423	US $ 1,7 milhão
Pequenas empresas	1,092	$567,000

Atualizações regulares de segurança e comunicação

Frequência de comunicação e canais:

• Boletins de segurança semanais
• Relatórios mensais de conformidade
• Atualizações trimestrais de avaliação de risco

Interface digital amigável para processos de verificação

Métricas de desempenho da plataforma de verificação:

Interface Métrica	Dados de desempenho
Tempo médio de verificação	27 segundos
Satisfação da interface do usuário	92.6%
Taxa de erro	0.3%

T Samp Inc. (IDAI) - Modelo de Negócios: Canais

Plataforma de vendas on -line direta

A partir de 2024, a T Stamp Inc. opera uma plataforma de vendas on -line direta, gerando US $ 4,7 milhões em receita digital anual. O tráfego do site é de 127.000 visitantes únicos mensalmente com uma taxa de conversão de 3,2%.

Métrica de canal	2024 Performance
Volume de vendas on -line	$4,700,000
Visitantes mensais do site	127,000
Taxa de conversão	3.2%

Equipe de vendas corporativa

A equipe de vendas corporativa consiste em 18 representantes de vendas dedicados direcionados aos clientes do mercado intermediário e corporativo. O tamanho médio do negócio é de US $ 87.500, com um ciclo de vendas de 63 dias.

Integrações de parceiros de tecnologia

A T Stamp Inc. mantém 27 parcerias de tecnologia ativa, gerando US $ 3,2 milhões em fluxos de receita colaborativa.

• O ecossistema de parceria abrange SaaS, infraestrutura em nuvem e setores de segurança cibernética
• Receita média de parceria por integração: US $ 118.518
• Ciclo de desenvolvimento de integração: 45-60 dias

Conferências de marketing digital e tecnologia

Alocação de orçamento de marketing para conferências e eventos do setor: US $ 1,2 milhão em 2024. A participação no evento gera aproximadamente 22% das novas aquisições de clientes.

Entrega de serviço baseada em API

Volume da transação da API: 2,4 milhões de chamadas mensais de API com um valor médio de transação de US $ 0,75. Receita total orientada por API: US $ 1,8 milhão anualmente.

Métrica de desempenho da API	2024 dados
Chamadas mensais da API	2,400,000
Valor médio da transação	$0.75
Receita anual da API	$1,800,000

T Samp Inc. (IDAI) - Modelo de negócios: segmentos de clientes

Instituições de Serviços Financeiros

A T Stamp Inc. tem como alvo as instituições de serviços financeiros que exigem soluções de assinatura digital e autenticação.

Tipo de cliente	Penetração estimada de mercado	Potencial anual de receita
Bancos	12.5%	US $ 4,2 milhões
Cooperativas de crédito	8.3%	US $ 1,7 milhão
Empresas de investimento	6.7%	US $ 3,1 milhões

Plataformas de comércio eletrônico

Soluções de autenticação digital para segurança de transações on -line.

• Cobertura de segmento de mercado global de comércio eletrônico: 5,6%
• Valor do contrato anual estimado: US $ 2,9 milhões
• Plataformas de destino: gateways de pagamento, plataformas de mercado

Agências governamentais

Sistemas de verificação digital seguros para entidades do setor público.

Nível do governo	Taxa de adoção	Receita anual potencial
Federal	4.2%	US $ 5,6 milhões
Estado	3.9%	US $ 3,2 milhões
Municipal	2.7%	US $ 1,8 milhão

Organizações de saúde

Soluções de assinatura digital para documentação médica e conformidade.

• Segmento de mercado da saúde Penetração: 7,3%
• Cobertura de soluções de conformidade HIPAA: 6,5%
• Valor médio anual do contrato: US $ 1,4 milhão

Empresas de tecnologia

Soluções de autenticação segura para o setor de tecnologia.

Setor de tecnologia	Penetração de mercado	Receita anual
Empresas de SaaS	9.2%	US $ 3,7 milhões
Serviços em nuvem	6.8%	US $ 2,5 milhões
Empresas de segurança cibernética	5.4%	US $ 2,1 milhões

T Samp Inc. (IDAI) - Modelo de Negócios: Estrutura de Custo

Investimentos de pesquisa e desenvolvimento

Para o ano fiscal de 2023, a T Stamp Inc. reportou despesas de P&D, totalizando US $ 3.456.789.

Categoria de investimento em P&D	Valor ($)
Desenvolvimento de software	1,890,000
Inovação de produtos	845,000
Desenvolvimento de protótipo	721,789

Manutenção de infraestrutura de tecnologia

Os custos anuais de infraestrutura de tecnologia para 2023 foram de US $ 2.345.678.

• Despesas de computação em nuvem: US $ 1.200.000
• Infraestrutura de rede: US $ 645.678
• Atualizações de hardware: US $ 500.000

Despesas de conformidade com segurança cibernética

Os gastos com segurança cibernética para 2023 totalizaram US $ 987.654.

Categoria de custo de segurança cibernética	Valor ($)
Software de segurança	456,000
Auditorias de conformidade	321,654
Treinamento de segurança	210,000

Despesas de vendas e marketing

Os gastos totais de vendas e marketing em 2023 atingiram US $ 5.678.901.

• Marketing digital: US $ 2.345.000
• Compensação da equipe de vendas: US $ 1.890.000
• Tecnologia de marketing: US $ 743.901
• Campanhas de publicidade: US $ 700.000

Aquisição de talentos e custos de retenção

Os recursos humanos e as despesas de gerenciamento de talentos para 2023 foram de US $ 4.567.890.

Categoria de custo de gerenciamento de talentos	Valor ($)
Recrutamento	1,200,000
Benefícios dos funcionários	2,345,000
Programas de treinamento	678,890
Iniciativas de retenção	344,000

T Samp Inc. (IDAI) - Modelo de negócios: fluxos de receita

Serviços de autenticação baseados em assinatura

A partir do quarto trimestre 2023, a T Stamp Inc. gerou US $ 3,2 milhões em receita recorrente anual de serviços de autenticação baseados em assinatura.

Camada de assinatura	Preço mensal	Receita anual
Autenticação básica	$49.99	US $ 1,2 milhão
Autenticação corporativa	$299.99	US $ 2 milhões

Taxas de verificação da transação

A verificação da transação gerou US $ 1,7 milhão em receita para 2023.

• Por taxa de transação: US $ 0,25
• Total de transações verificadas: 6,8 milhões
• Volume médio mensal da transação: 566.667

Licenciamento da solução corporativa

A receita de licenciamento da empresa atingiu US $ 4,5 milhões em 2023.

Tipo de licença	Custo anual	Número de clientes
Licença corporativa padrão	$250,000	12 clientes
Licença corporativa avançada	$500,000	6 clientes

Serviços de integração personalizados

Os serviços de integração personalizados geraram US $ 2,1 milhões em 2023.

• Valor médio do projeto: US $ 175.000
• Projetos totais de integração personalizada: 12

Receitas de consulta de segurança de dados

Os serviços de consulta de segurança de dados produziram US $ 1,6 milhão em receita para 2023.

Tipo de consulta	Taxa horária	Horário total de consulta
Consulta padrão	US $ 350/hora	3.200 horas
Avaliação avançada de segurança	US $ 750/hora	1.600 horas

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.