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IDN earnings analysis

10-Q · Filed November 12, 2026 · Our reading of the company's report

The latest report

Intellicheck reported third-quarter revenue of $5.739 million and diluted EPS of $0.02, beating the revenue estimate by approximately 4.3% and matching the EPS estimate. However, revenue and EPS were below the preceding…

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Intellicheck reported third-quarter revenue of $5.739 million and diluted EPS of $0.02, beating the revenue estimate by approximately 4.3% and matching the EPS estimate. However, revenue and EPS were below the preceding quarter’s $6 million and $0.03, respectively, based on the supplied quarterly history, while customer concentration and a potential 70% to 75% volume reduction remain significant risks. The filing provides no quantitative forward guidance; disclosure controls were effective as of September 30, 2026.

Read the original on SEC.gov

Gross and operating margin

How much of each revenue dollar the business keeps.

93% Gross margin Operating margin Aug 2023 Aug 2026

One point per quarterly or annual filing. Both margins are shares of that report's revenue.

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish Aug 2023 Nov 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$0.02

What stood out

  • Revenue beat; EPS matched estimates

    Third-quarter revenue was $5.739 million, approximately 4.3% above the $5.503 million consensus estimate, while diluted EPS was $0.02 versus a $0.02 estimate.

  • Controls remained effective

    Disclosure controls and procedures were concluded to be effective as of September 30, 2026 at the reasonable assurance level, and the company reported no material changes in internal control over financial reporting during the quarter.

  • Large customer remains material

    The company stated that its largest customer represented 27% of revenue for the first nine months of 2026, highlighting the significance of customer concentration to reported results.

  • Secondary role may preserve some volume

    Management said the major customer’s planned multi-vendor transition could reduce Intellicheck transaction volumes with that customer by approximately 70% to 75% from pre-transition levels, although the customer continues to describe the transition as an evaluation.

What to watch

  • Customer transition threatens volumes

    A customer representing 27% of revenue for the first nine months of 2026 has begun transitioning certain use cases to an alternative vendor. The customer’s plans contemplate transaction volumes approximately 70% to 75% below pre-transition levels, with the pace, extent, and duration uncertain.

  • Geopolitical and inflation exposure

    The filing adds geopolitical instability, sanctions, energy-market volatility, and macroeconomic pressures as a material risk. These conditions could increase cloud infrastructure and supplier costs and reduce customer transaction volumes, although the company does not currently anticipate material near-term impacts.

  • BIPA litigation exposure

    The company disclosed a pending class action alleging violations of the Biometric Information Privacy Act and stated that litigation costs could have a material adverse effect on its financial statements, even though currently pending or threatened matters are not expected to materially affect financial position or results of operations.

Management's outlook

The filing provides no quantitative revenue or EPS guidance and does not disclose a change to prior outlook.

Earlier filings 4

10-Q · August 13, 2026

Intellicheck delivered Q2 revenue of $5.941 million, beating consensus by 4.4%, while diluted EPS of $0.03 matched estimates. Revenue grew approximately 18.8% year over year, but operating margin fell to negative 5.8%…

10-Q · May 12, 2026

Intellicheck, Inc. reported Q1 2026 results with revenue of $5,524,000, reflecting a 13% increase compared to the prior year period's revenue of $4,894,000. The company's gross margin improved to 91%, and it achieved…

10-K · March 19, 2026

Intellicheck positions itself as a SaaS-first identity verification provider focused on KYC, age verification and fraud prevention, leveraging proprietary parser technology, biometrics and third-party data to validate…

10-Q · May 13, 2025

Intellicheck reported Q1 revenue of $4,894,000, up $214,000 (≈4.6%) versus Q1 2024, with gross profit of $4,392,000 (89.7% margin). The company narrowed operating loss to $(348,000) (operating margin -7.1%) from…

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.

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