Intellicheck Financials
This page shows Intellicheck (IDN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
High gross margins and tiny reinvestment needs let modest sales growth flip Intellicheck into self-funded profitability.
The FY2025 break-even turn looks more like cost absorption plus discipline than a pure sales surge: revenue added$2.7M from FY2024 while SG&A fell$1.4M , letting a business with already-elite gross margins finally cover its overhead. That profit also came with real cash conversion: operating cash flow reached$4.5M versus net income of$1.3M , helped by lower receivables rather than heavier spending.
This is a capital-light model; with capex at just
The balance sheet is conservative: cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Intellicheck's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Intellicheck has an operating margin of 4.8%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 18/100, suggesting thin profitability after operating expenses. This is up from -5.8% the prior year.
Intellicheck's revenue grew 13.3% year-over-year to $22.7M, a solid pace of expansion. This earns a growth score of 49/100.
Intellicheck carries a low D/E ratio of 0.18, meaning only $0.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.68, Intellicheck holds $3.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
Intellicheck has a free cash flow margin of 19.8%, earning a moderate score of 37/100. The company generates positive cash flow after capital investments, but with room for improvement.
Intellicheck generates a 6.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is up from -5.2% the prior year.
Intellicheck scores 19.21, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($159.3M) relative to total liabilities ($3.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Intellicheck passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Intellicheck generates $3.57 in operating cash flow ($4.5M OCF vs $1.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Intellicheck generated $22.7M in revenue in fiscal year 2025. This represents an increase of 13.3% from the prior year.
Intellicheck's EBITDA was $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 344.4% from the prior year.
Intellicheck reported $1.3M in net income in fiscal year 2025. This represents an increase of 238.7% from the prior year.
Intellicheck earned $0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 220.0% from the prior year.
Cash & Balance Sheet
Intellicheck generated $4.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 263.2% from the prior year.
Intellicheck held $9.7M in cash against $0 in long-term debt as of fiscal year 2025.
Intellicheck had 20M shares outstanding in fiscal year 2025. This represents an increase of 2.2% from the prior year.
Margins & Returns
Intellicheck's gross margin was 90.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Intellicheck's operating margin was 4.8% in fiscal year 2025, reflecting core business profitability. This is up 10.6 percentage points from the prior year.
Intellicheck's net profit margin was 5.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.2 percentage points from the prior year.
Intellicheck's ROE was 6.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 11.3 percentage points from the prior year.
Capital Allocation
Intellicheck invested $5.3M in research and development in fiscal year 2025. This represents an increase of 37.8% from the prior year.
Intellicheck invested $52K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.8% from the prior year.
IDN Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.6M+10.3% | $6.0M+17.4% | $5.1M+4.7% | $4.9M-17.6% | $5.9M+26.1% | $4.7M+0.8% | $4.7M-0.2% | $4.7M |
| Cost of Revenue | $570K-0.2% | $571K+9.2% | $523K+4.2% | $502K-4.9% | $528K+24.5% | $424K-4.5% | $444K+2.1% | $435K |
| Gross Profit | $6.1M+11.4% | $5.4M+18.3% | $4.6M+4.7% | $4.4M-18.8% | $5.4M+26.2% | $4.3M+1.3% | $4.2M-0.4% | $4.2M |
| R&D Expenses | $1.3M-8.5% | $1.4M+2.1% | $1.4M+5.9% | $1.3M+25.4% | $1.0M-12.8% | $1.2M+41.0% | $835K+2.0% | $819K |
| SG&A Expenses | $3.3M-13.5% | $3.8M+7.9% | $3.5M+2.4% | $3.5M-11.5% | $3.9M-2.9% | $4.0M+11.4% | $3.6M-8.6% | $3.9M |
| Operating Income | $1.5M+527.7% | $238K+179.9% | -$298K+14.4% | -$348K-172.5% | $480K+152.7% | -$910K-323.3% | -$215K+58.9% | -$523K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $58K | $0 | $0 | $0-100.0% | $31K | $0 | $0-100.0% | $2K |
| Net Income | $1.6M+435.2% | $290K+215.5% | -$251K+21.1% | -$318K-165.2% | $488K+158.3% | -$837K-559.1% | -$127K+71.3% | -$442K |
| EPS (Diluted) | N/A | $0.01+200.0% | $-0.01+50.0% | $-0.02 | N/A | $-0.04-300.0% | $-0.01+50.0% | $-0.02 |
IDN Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.5M-3.1% | $25.3M+9.5% | $23.1M-6.1% | $24.6M+17.3% | $20.9M+1.2% | $20.7M-5.6% | $21.9M-3.1% | $22.6M |
| Current Assets | $13.9M-4.1% | $14.5M+19.4% | $12.1M-10.2% | $13.5M+36.5% | $9.9M+2.8% | $9.6M-14.0% | $11.2M-11.2% | $12.6M |
| Cash & Equivalents | $9.7M+33.6% | $7.2M-15.7% | $8.6M+66.5% | $5.1M+10.3% | $4.7M-18.8% | $5.7M-20.8% | $7.3M-21.4% | $9.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3.4M-46.4% | $6.3M+134.8% | $2.7M-64.3% | $7.5M+60.6% | $4.7M+38.6% | $3.4M+1.8% | $3.3M+20.8% | $2.7M |
| Goodwill | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M0.0% | $8.1M |
| Total Liabilities | $3.8M-40.4% | $6.3M+25.5% | $5.1M-27.2% | $7.0M+118.2% | $3.2M-19.3% | $3.9M-14.4% | $4.6M-15.2% | $5.4M |
| Current Liabilities | $3.8M-40.4% | $6.3M+25.5% | $5.1M-27.2% | $7.0M+118.2% | $3.2M-19.3% | $3.9M-14.4% | $4.6M-15.2% | $5.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $20.7M+9.5% | $18.9M+5.0% | $18.0M+2.3% | $17.6M-0.8% | $17.7M+6.0% | $16.7M-3.3% | $17.3M+0.8% | $17.2M |
| Retained Earnings | -$133.2M+1.2% | -$134.8M+0.2% | -$135.1M-0.2% | -$134.8M-0.2% | -$134.5M+0.4% | -$135.0M-0.6% | -$134.1M-0.1% | -$134.0M |
IDN Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.4M+237.8% | -$1.7M-155.4% | $3.1M+317.9% | $750K+156.8% | -$1.3M-24.5% | -$1.1M+10.2% | -$1.2M-235.9% | $869K |
| Capital Expenditures | $8K-63.6% | $22K+69.2% | $13K+44.4% | $9K-10.0% | $10K-64.3% | $28K+180.0% | $10K+11.1% | $9K |
| Free Cash Flow | $2.4M+235.6% | -$1.8M-156.4% | $3.1M+321.2% | $741K+155.7% | -$1.3M-22.2% | -$1.1M+8.6% | -$1.2M-238.5% | $860K |
| Investing Cash Flow | -$11K+50.0% | -$22K+62.7% | -$59K+65.9% | -$173K+23.1% | -$225K+52.3% | -$472K+40.9% | -$798K-118.2% | $4.4M |
| Financing Cash Flow | $44K-89.2% | $409K+16.9% | $350K+468.4% | -$95K-120.4% | $465K+2225.0% | $20K | $0 | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IDN Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.4%+0.9pp | 90.5%+0.7pp | 89.8%+0.1pp | 89.7%-1.4pp | 91.1%+0.1pp | 91.0%+0.5pp | 90.5%-0.2pp | 90.7% |
| Operating Margin | 22.5%+18.6pp | 4.0%+9.8pp | -5.8%+1.3pp | -7.1%-15.2pp | 8.1%+27.4pp | -19.3%-14.7pp | -4.6%+6.6pp | -11.2% |
| Net Margin | 23.4%+18.6pp | 4.8%+9.7pp | -4.9%+1.6pp | -6.5%-14.7pp | 8.2%+26.0pp | -17.8%-15.0pp | -2.7%+6.7pp | -9.4% |
| Return on Equity | 7.5%+6.0pp | 1.5%+2.9pp | -1.4%+0.4pp | -1.8%-4.6pp | 2.8%+7.8pp | -5.0%-4.3pp | -0.7%+1.8pp | -2.6% |
| Return on Assets | 6.3%+5.2pp | 1.1%+2.2pp | -1.1%+0.2pp | -1.3%-3.6pp | 2.3%+6.4pp | -4.0%-3.5pp | -0.6%+1.4pp | -1.9% |
| Current Ratio | 3.68+1.4 | 2.28-0.1 | 2.40+0.5 | 1.95-1.2 | 3.11+0.7 | 2.440.0 | 2.43+0.1 | 2.32 |
| Debt-to-Equity | 0.18-0.2 | 0.34+0.1 | 0.28-0.1 | 0.39+0.2 | 0.18-0.1 | 0.24-0.0 | 0.27-0.1 | 0.32 |
| FCF Margin | 36.0%+65.2pp | -29.3%-90.2pp | 60.9%+45.8pp | 15.1%+37.6pp | -22.4%+0.7pp | -23.1%+2.4pp | -25.5%-43.9pp | 18.4% |
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Frequently Asked Questions
What is Intellicheck's annual revenue?
Intellicheck (IDN) reported $22.7M in total revenue for fiscal year 2025. This represents a 13.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Intellicheck's revenue growing?
Intellicheck (IDN) revenue grew by 13.3% year-over-year, from $20.0M to $22.7M in fiscal year 2025.
Is Intellicheck profitable?
Yes, Intellicheck (IDN) reported a net income of $1.3M in fiscal year 2025, with a net profit margin of 5.6%.
What is Intellicheck's EBITDA?
Intellicheck (IDN) had EBITDA of $1.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Intellicheck's gross margin?
Intellicheck (IDN) had a gross margin of 90.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Intellicheck's operating margin?
Intellicheck (IDN) had an operating margin of 4.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Intellicheck's net profit margin?
Intellicheck (IDN) had a net profit margin of 5.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Intellicheck's return on equity (ROE)?
Intellicheck (IDN) has a return on equity of 6.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Intellicheck's free cash flow?
Intellicheck (IDN) generated $4.5M in free cash flow during fiscal year 2025. This represents a 263.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Intellicheck's operating cash flow?
Intellicheck (IDN) generated $4.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Intellicheck's total assets?
Intellicheck (IDN) had $24.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Intellicheck's capital expenditures?
Intellicheck (IDN) invested $52K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Intellicheck spend on research and development?
Intellicheck (IDN) invested $5.3M in research and development during fiscal year 2025.
What is Intellicheck's current ratio?
Intellicheck (IDN) had a current ratio of 3.68 as of fiscal year 2025, which is generally considered healthy.
What is Intellicheck's debt-to-equity ratio?
Intellicheck (IDN) had a debt-to-equity ratio of 0.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Intellicheck's return on assets (ROA)?
Intellicheck (IDN) had a return on assets of 5.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Intellicheck's Altman Z-Score?
Intellicheck (IDN) has an Altman Z-Score of 19.21, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Intellicheck's Piotroski F-Score?
Intellicheck (IDN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Intellicheck's earnings high quality?
Intellicheck (IDN) has an earnings quality ratio of 3.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Intellicheck?
Intellicheck (IDN) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.