AuthID reports Q3 net loss of $5.2 million on $0.6 million gross revenue

Reuters11-13

AuthID reports Q3 net loss of $5.2 million on $0.6 million gross revenue

AuthID Inc. reported gross revenue of $0.6 million for the third quarter of 2025, up from $0.2 million in the same period in 2024. Net revenue for the quarter was negative $0.1 million, compared to $0.2 million a year ago, due to one-time concessions and accounting adjustments related to customer contracts. Operating expenses rose to $5.1 million from $3.8 million, and net loss increased to $5.2 million, or $0.38 per share, from $3.4 million, or $0.31 per share, in the third quarter of 2024. Annual Recurring Revenue was $1.7 million as of September 30, 2025, compared to $1.0 million a year earlier. The company signed an agreement with an international bank for identity onboarding, verification, and authentication during the period. Gross Booked Annual Recurring Revenue was $0.2 million, down from $1.2 million in the prior year quarter.

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