Intellicheck, Inc.
- Open
- 3.70
- Day high
- 3.77
- Day low
- 3.66
- Prev close
- 3.75
- Volume
- 240K
- Mkt cap
- $76M
- P/E (TTM)
- 34.4
- EPS (TTM)
- $0.11
- P/B
- 3.5
- P/S
- 3.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$189K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Intellicheck, Inc. (IDN) is a Technology company listed on NASDAQ. The stock is down 29% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Intellicheck, Inc. (IDN) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
IDN earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 12, 2026 | $0.03 | $0.03 | +0.0% | $6M | -2.7% |
| Mar 19, 2026 | $0.02 | $0.08 | +300.0% | $7M | +7.0% |
| Nov 12, 2025 | $-0.01 | $0.01 | +200.0% | $6M | -2.9% |
| Aug 12, 2025 | $-0.01 | $-0.01 | +0.0% | $5M | -3.7% |
| Mar 20, 2025 | $-0.01 | $0.03 | +400.0% | $6M | +18.0% |
| Mar 21, 2024 | $0.00 | $0.04 | +1432.6% | $5M | -2.5% |
| Aug 10, 2023 | $-0.05 | $-0.04 | +20.0% | $5M | -0.7% |
| Mar 21, 2023 | $-0.03 | $-0.03 | +0.0% | $5M | -1.1% |
| Nov 14, 2022 | $-0.05 | $-0.04 | +20.0% | $4M | -4.6% |
| Aug 11, 2022 | $-0.06 | $-0.06 | +0.0% | $4M | +3.8% |
| Jun 13, 2022 | $-0.11 | $-0.08 | +27.3% | $3M | +0.2% |
| Mar 9, 2022 | $-0.06 | $-0.07 | -21.7% | $4M | +10.6% |
IDN insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Robins Jonathanofficer: Chief Technology Officer | Sell | 5,550 | $4.22 |
| Apr 28, 2026 | Lewis Bryandirector, officer: CEO/President | Sell | 10,000 | $8.05 |
| Apr 21, 2026 | Lewis Bryandirector, officer: CEO/President | Sell | 10,000 | $8.51 |
| Apr 14, 2026 | Lewis Bryandirector, officer: CEO/President | Sell | 10,000 | $7.95 |
| Apr 7, 2026 | Lewis Bryandirector, officer: CEO/President | Sell | 10,000 | $7.53 |
| Apr 6, 2026 | Black Dondidirector | Grant | 715 | $6.99 |
| Apr 6, 2026 | Braca Gregorydirector | Grant | 3,577 | $6.99 |
| Apr 6, 2026 | Smith Guy Ldirector | Grant | 4,292 | $6.99 |
| Apr 6, 2026 | Glenn Dylandirector | Grant | 3,577 | $6.99 |
| Mar 26, 2026 | Sragovicz Adamofficer: Chief Financial Officer | Grant | 100,351 | $5.60 |
| Mar 26, 2026 | Robins Jonathanofficer: Chief Technology Officer | Grant | 77,000 | $5.60 |
| Mar 26, 2026 | Lewis Bryandirector, officer: CEO/President | Grant | 146,300 | $5.60 |
| Jan 7, 2026 | Braca Gregorydirector | Grant | 3,925 | $6.37 |
| Jan 7, 2026 | Black Dondidirector | Grant | 785 | $6.37 |
| Jan 7, 2026 | Smith Guy Ldirector | Grant | 4,710 | $6.37 |
Source: IDN SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full IDN insider & 13F page →Intellicheck, Inc. company profile
Overview
Intellicheck, Inc. (NASDAQ:IDN) is a technology company founded in 1994 and headquartered in Melville, New York, that specializes in identity verification and fraud prevention solutions. The company went public in 1999 and has evolved from its original focus on mobile identification systems to become a comprehensive provider of identity authentication technology. Intellicheck serves government, military, and commercial markets with software-as-a-service (SaaS) solutions that help organizations verify the authenticity of identification documents and assess the risk of conducting business with individuals.
Business
Intellicheck operates in the identity verification and fraud prevention industry, which has become increasingly critical as digital fraud losses reached $43 billion in 2023 according to company data. The company's core technology analyzes government-issued identification documents to determine their authenticity and match them to the person presenting them. The company's flagship product is the Intellicheck Platform, a comprehensive identity solution that performs three key functions: validates whether an ID is genuine, confirms the ID matches the person presenting it, and provides a risk score to help businesses decide whether to proceed with a transaction. This platform can be accessed through multiple channels including IDN-Portal (mobile phone scanning), IDN-Portal+ (retail scanner integration), IDN-Direct (enhanced data access), and a dedicated mobile application. Intellicheck's business operates across several vertical markets with distinct revenue contributions. Retail and retail banking represent approximately equal portions of the business and constitute the largest segments. Age-restricted businesses account for about 8% of revenue, while the automotive sector also represents 8%. The company has been aggressively diversifying into new verticals including title insurance (which grew 2,500% in 2024), shipping and logistics, background checks, and social media platforms. The company also offers State Aware Software, which ensures compliance with varying state laws regarding what information can be electronically read from identification documents. Additionally, Intellicheck provides data collection devices and software applications that can be integrated with various hardware platforms including credit card terminals, tablets, mobile phones, and point-of-sale systems.
Revenue model
Intellicheck operates primarily on a Software-as-a-Service (SaaS) subscription model, generating revenue through recurring monthly or annual contracts with clients who pay based on transaction volumes or flat fees. The company's 2024 SaaS revenue of $19.8 million represented over 99% of total revenue, demonstrating the dominance of this recurring revenue model. The company's paying customers span multiple industries including major retailers for fraud prevention in credit applications, banks for account opening and lending decisions, automotive dealers for financing verification, title insurance companies for real estate transactions, and age-restricted businesses for compliance verification. Recent expansion has brought in social media platforms, shipping companies, and background check providers as new customer segments. Factors that increase margins include the company's asset-light SaaS model with gross margins consistently above 90%, economies of scale as transaction volumes grow without proportional infrastructure costs, and premium pricing for specialized vertical applications. The company has successfully raised average pricing per transaction by 16-17% while expanding into higher-value use cases like banking and title insurance. Factors that could pressure margins include increased cloud infrastructure costs as the company migrates from Azure to AWS, competitive pressure in the identity verification space from larger technology companies, potential pricing pressure from large enterprise clients seeking volume discounts, and the need for continued R&D investment in artificial intelligence and machine learning capabilities to stay ahead of increasingly sophisticated fraud techniques. Economic downturns particularly impact retail clients, as evidenced by weakness in the retail segment during recent inflationary periods.
Competitive moat
Intellicheck's competitive moat appears moderate but potentially strengthening through several key factors. The company's primary defensive position comes from its proprietary barcode validation technology and deep integration with client systems, creating switching costs for customers who have built Intellicheck's API into their workflows. The company's 20+ year track record and government certifications (SOC 2 Type 2, ISO 27001/27701) provide credibility advantages, particularly important in security-sensitive applications. The company benefits from network effects in fraud detection, where larger transaction volumes improve the accuracy of risk scoring algorithms and machine learning models. Intellicheck's state-aware compliance capabilities create additional stickiness, as clients rely on the platform to navigate complex and varying state regulations regarding ID scanning. However, the moat faces significant challenges. Large technology companies like Microsoft, Amazon, and Google offer competing identity verification services with substantially greater resources for R&D and customer acquisition. The identity verification market is becoming increasingly commoditized, with multiple providers offering similar basic functionality. Regulatory changes could potentially disrupt the company's compliance-based advantages, and the relatively low barriers to entry in software development mean new competitors can emerge rapidly. The company's recent investments in AI and machine learning, combined with its focus on vertical-specific solutions, represent attempts to deepen the moat through specialized expertise and superior fraud detection capabilities. Success in this strategy will determine whether Intellicheck can maintain pricing power and customer loyalty in an increasingly competitive landscape.
Risks & safety
Overall Assessment: Moderate margin of safety with solid balance sheet but uncertain profitability trajectory. • Solvency Risk: Low - Company maintains strong liquidity position with $5.1 million cash, zero debt, current ratio of 1.95x, and $17.6 million in shareholders' equity • Cash Burn: Manageable - Generated positive free cash flow of $741k in Q1 2025, though full-year 2024 showed -$2.8M free cash flow; company expects cash generation in 2025 • Profitability: Recently Achieved - Reached adjusted EBITDA positive in 2024 ($520k) after years of losses; Q4 2024 showed net income of $488k • Valuation Metrics: - P/B ratio: 3.41x (elevated but reasonable for SaaS company) - EV/EBITDA: Not meaningful due to minimal EBITDA - Revenue multiple: ~6x trailing revenue (reasonable for growing SaaS business) - Graham Net-Net: 0.19 (trading well above net current asset value) • Other Considerations: High gross margins (91%+) provide operating leverage potential; recurring SaaS revenue model offers predictability; recent profitability achievement and positive free cash flow generation suggest improving fundamentals
Recent development
Over the past few years, Intellicheck has undergone significant strategic transformation focused on vertical diversification and technology modernization. The company has aggressively expanded beyond its traditional retail credit card verification base into multiple new sectors including banking, automotive, title insurance, social media, shipping and logistics, and background checks. Key technological developments include migrating the entire platform from Microsoft Azure to Amazon Web Services (AWS) to improve performance and reduce costs, with three large clients already successfully migrated in Q1 2025. The company has invested heavily in artificial intelligence and machine learning capabilities, developing enhanced document liveness detection and generative AI fraud prevention tools to combat increasingly sophisticated fraud attempts. Operational improvements include the launch of the new Intellicheck Hub platform for easier client integration, achievement of critical security certifications (SOC 2 Type 2, ISO 27001/27701), and the development of state-aware compliance software to navigate varying regulatory requirements across different jurisdictions. Sales and marketing initiatives have included hiring new senior leadership including a Senior VP of Sales (Tim Poulin), expanding the sales team to approximately 15 representatives with vertical expertise, launching a channel partner program, and significantly increasing brand awareness through digital marketing efforts that resulted in 34% more website visitors and 141% increase in YouTube video views. The company's most notable market expansion has been in title insurance, which grew 2,500% in 2024, with Intellicheck now working with companies handling approximately 40% of national title insurance volume. Banking revenue grew 50% year-over-year, while automotive volumes increased 28%, demonstrating successful diversification away from retail dependency.
IDN company profile · for informational purposes only — not investment advice.
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