Intellicheck Posts 13% Revenue Growth and $935K EBITDA in Q1 2026
IDN•Intellicheck reported Q1 2026 revenue of $5.524 million, up 13% year-over-year, driven by $5.514 million in SaaS sales. Adjusted EBITDA reached $935,000 (17% margin) and net income was $636,000, while cash climbed to $10.062 million with no debt.
1. Q1 Financial Results
Intellicheck generated $5.524 million in total revenue for Q1 2026, marking a 13% increase from $4.894 million in Q1 2025. SaaS revenue accounted for $5.514 million of the total, up from $4.868 million a year earlier.
2. Profitability Improvements
The company recorded adjusted EBITDA of $935,000, reversing a $17,000 loss in Q1 2025, and achieved a 17% EBITDA margin. Net income was $636,000, or $0.03 per diluted share, compared to a $318,000 net loss in the prior year period.
3. Vertical Performance and Headwinds
The banking and lending segment, representing over 50% of revenues, continued robust growth driven by fraud-prevention needs. Retail scanning volumes fell due to lower foot traffic, automotive deployments were pressured by a 5–6% drop in US auto sales, and title insurance activity slowed with higher mortgage rates.
4. Balance Sheet Strength
As of March 31, 2026, Intellicheck held $10.062 million in cash and cash equivalents with zero debt, and generated $444,000 of operating cash flow in the quarter. Accounts receivable increased to $5.740 million from $3.365 million at year-end 2025.
