Intellicheck Announces Q3 2026 Financial Results

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MELVILLE, NEW YORK – November 12, 2026 – Intellicheck, Inc. (Nasdaq: IDN) (“Intellicheck” or the “Company”), an industry-leading identity company delivering proprietary on-demand digital and physical identification validation solutions, today reported financial results for the third quarter ended September 30, 2026.

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“We delivered our fifth consecutive quarter of profitability and sixth consecutive quarter of positive Adjusted EBITDA in Q3 2026, with both net income and Adjusted EBITDA up year-over-year, demonstrating the strength and durability of our business model,” said Bryan Lewis, President and Chief Executive Officer of Intellicheck. “We are building larger customer relationships, with almost every customer expanding their commercial relationship with us. We are also extending our reach through partners, including a channel partner deployment with one of the world’s largest investment management companies that brings our technology into wealth management for the first time, along with new partnerships in automotive credit and freight logistics. With synthetic identity and deepfake-driven fraud continuing to rise, our differentiated technology is now more valuable than ever.”

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Business Highlights

• Revenue was $5.7 million in the third quarter, down 5% year-over-year and 3% sequentially. SaaS revenue comprised substantially all of total revenue.
• Net income was $0.5 million in the third quarter, increasing $0.2 million year-over-year, marking the Company’s fifth consecutive quarter of profitability.
• Adjusted EBITDA, a non-GAAP metric, was $0.9 million in the third quarter, increasing $0.3 million year-over-year and marking the Company’s sixth consecutive positive quarter.
• Banking and lending continues to be the Company’s largest growing vertical in terms of total revenue as it continues to gain traction.
• Momentum continued across emerging and adjacent verticals including cargo and freight, foreign auto manufacturers and their supplier networks, stadium and venue concessions, age-related and background-check verticals, and automotive dealer scanning volumes.

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Financial and Balance Sheet Highlights 

• Gross margin was 91% in both the 2026 and 2025 third quarters.
• Operating expenses were $4.9 million in the third quarter, compared to $5.2 million in the year-ago period.
• Income from operations was $0.4 million and net income was $0.5 million, up from $0.2 million and $0.3 million, respectively, in the year-ago period.
• Adjusted EBITDA was $0.9 million in the third quarter, marking the Company’s sixth consecutive positive quarter. Adjusted EBITDA was $0.6 million in the third quarter of 2025.
• The Company ended the quarter with $13.2 million in cash and no debt. Cash from operations for the first nine months of 2026 was $3.3 million.

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“We remain profitable and cash from operations came in ahead of what we anticipated last quarter,” said Adam Sragovicz, Chief Financial Officer of Intellicheck. “Cash rose $1.3 million in the quarter to $13.2 million, our highest quarter-end level since the end of 2021, and we have no debt. We will continue to hold a tight line on costs while funding the engineering and go-to-market investment behind Desktop and our channel partnerships. Our balance sheet gives us the flexibility to execute on our growth initiatives.”

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Third Quarter 2026 Conference Call and Webcast Details

• Date / Time: Thursday, November 12 at 4:30 PM ET / 1:30 PM PT
• Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=Fki5dHUA 
• U.S. Dial-in: 877-407-8037
• International Dial-in: +1 201-689-8037

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A replay of the conference call will be available approximately three hours after the completion of the live event and will remain available until November 19, 2026. To listen to the replay, please dial 877-660-6853 and use conference identification number 13762981. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13762981.

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About Intellicheck

Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.

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Safe Harbor Statement

Statements in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (PSLRA). These include statements regarding our customer’s vendor transition and multi-vendor architecture; the pace, extent and duration of the resulting volume reductions; whether any volumes are retained or restored and the economics of any retained or restored business; and our ability to recover or replace affected revenue. They also include statements regarding future demand for our products and services; our expectations for future revenue, profitability, Adjusted EBITDA, cash flow and other financial metrics, including for the year ending December 31, 2026; our liquidity and our plans for raising capital; our growth strategy and ability to scale the business; expansion into new vertical markets and customer segments; the anticipated impact of artificial intelligence on identity fraud and on demand for our products; and our ability to leverage existing partnerships or enter into new ones. These statements express management’s current views and use words like “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “target,” “will,” “would” and similar terms.

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Actual results could differ materially from those expressed or implied by these statements due to factors including: our dependence on a limited number of customers; the risk that our customer’s transition proceeds faster, extends further or results in greater volume reductions than its current plan contemplates, under an agreement that is transaction-based and contains no minimum purchase commitments; variability in transaction volumes, including seasonal retail volumes; the performance of our channel partners and the timing of their deployments; market acceptance and adoption of our SaaS offerings; competition, including from providers with greater resources; the rapid evolution of artificial intelligence, including the use of generative AI to create synthetic identities and deepfakes, and our ability to maintain technological advantages; cybersecurity incidents, data breaches or service interruptions; changes in privacy, biometric, data protection and AI laws and regulations; pending or future litigation, including claims under biometric privacy laws, and regulatory inquiries; our ability to attract and retain key personnel; macroeconomic and geopolitical conditions and the effect on the economy of the ongoing conflict in the Middle East, including effects to consumer sentiment and inflationary pressures; our ability to utilize net operating loss carryforwards, including limitations under Section 382; and risks associated with being a smaller reporting and micro-cap company. Other risks are described in our filings with the Securities and Exchange Commission, including under “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this release. We do not assume any obligation to update the forward-looking information contained in this release.

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Contact

Intellicheck Media and Public Relations: Aayushi / media@AllianceAdvisors.com 

Intellicheck Investor Relations: Keaton Olsen / IntellicheckIR@AllianceAdvisors.com

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