Filing Flows › Intellicheck (IDN) › Q1 2025
Intellicheck (IDN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Intellicheck (IDN) reported revenue of $4.9M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -18% from the quarter before. Operating margin was -7.1%, net loss $318K (6.5% of revenue).
Intellicheck, Q1 2025: revenue $4.9M (+5% year over year), operating margin -7.1%, net loss $318K, operating cash flow $750K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.9M | -18% | +5% |
| Operating profit | −$348K | -175% | — |
| Net earnings | −$318K | -165% | — |
| Operating cash flow | $750K | — | -14% |
| Free cash flow | $741K | — | -14% |
What changed
Revenue was $4.9M in Q1 2025, up 5% year over year and down 18% from the previous quarter. SaaS was the largest line at 99% of revenue. SaaS added $259K year over year (up 6%), 121% of the total change. Equipment declined 89%.
Gross margin was 89.7%, down 1.0 points from a year earlier. Operating costs exceeded revenue by $348K, an operating margin of -7.1%. Operating expenses fell 1% while revenue rose 5%. The fastest-growing cost line was Research & development (+57%). The quarter ended with a net loss of $318K, after a profit of $488K the previous quarter.
Operating cash flow was $750K (down 14% year over year). Non-cash charges added back $154K of depreciation and amortization and $177K of share-based compensation. Working capital and other items added $737K. Capital expenditures of $9K left free cash flow of $741K.
Questions
What was Intellicheck's revenue in the first quarter 2025?
Intellicheck (IDN) reported revenue of $4.9M for the first quarter 2025 (Q1 2025), +5% from a year earlier and -18% from the quarter before.
Was Intellicheck profitable in the first quarter 2025?
Operating loss was $348K (-7.1% of revenue) and net loss $318K.
Source: Intellicheck 10-Q on SEC EDGAR.