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Side-by-side financial comparison of T Stamp Inc (IDAI) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

T Stamp Inc is the larger business by last-quarter revenue ($908.9K vs $707.3K, roughly 1.3× Pineapple Financial Inc.). T Stamp Inc runs the higher net margin — -279.9% vs -2756.2%, a 2476.3% gap on every dollar of revenue. On growth, Pineapple Financial Inc. posted the faster year-over-year revenue change (-4.8% vs -39.3%). T Stamp Inc produced more free cash flow last quarter ($2.0M vs $-3.3M). Over the past eight quarters, T Stamp Inc's revenue compounded faster (25.9% CAGR vs -2.0%).

T Stamp Inc, trading under ticker IDAI, develops AI-powered identity verification, trust scoring, and fraud prevention solutions. It serves clients across fintech, healthcare, and e-commerce segments, primarily operating in North America to help organizations securely authenticate user identities and mitigate fraud risks.

IDAI vs PAPL — Head-to-Head

Bigger by revenue
IDAI
IDAI
1.3× larger
IDAI
$908.9K
$707.3K
PAPL
Growing faster (revenue YoY)
PAPL
PAPL
+34.5% gap
PAPL
-4.8%
-39.3%
IDAI
Higher net margin
IDAI
IDAI
2476.3% more per $
IDAI
-279.9%
-2756.2%
PAPL
More free cash flow
IDAI
IDAI
$5.2M more FCF
IDAI
$2.0M
$-3.3M
PAPL
Faster 2-yr revenue CAGR
IDAI
IDAI
Annualised
IDAI
25.9%
-2.0%
PAPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IDAI
IDAI
PAPL
PAPL
Revenue
$908.9K
$707.3K
Net Profit
$-2.5M
$-19.5M
Gross Margin
48.9%
Operating Margin
-224.9%
-2518.8%
Net Margin
-279.9%
-2756.2%
Revenue YoY
-39.3%
-4.8%
Net Profit YoY
57.7%
-3174.1%
EPS (diluted)
$-0.37
$-1.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IDAI
IDAI
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$908.9K
$721.7K
Q3 25
$872.5K
$730.5K
Q2 25
$812.7K
$746.9K
Q1 25
$545.5K
$743.3K
Q4 24
$1.5M
$766.1K
Q3 24
$511.1K
$598.3K
Q2 24
$500.4K
$736.4K
Net Profit
IDAI
IDAI
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-2.5M
$-6.4M
Q3 25
$-1.9M
$-1.8M
Q2 25
$-1.7M
$-557.7K
Q1 25
$-2.2M
$-595.4K
Q4 24
$-6.0M
$-656.9K
Q3 24
$-1.3M
$-1.7M
Q2 24
$-2.6M
$-848.6K
Gross Margin
IDAI
IDAI
PAPL
PAPL
Q1 26
48.9%
Q4 25
49.6%
Q3 25
27.8%
Q2 25
67.6%
Q1 25
43.4%
Q4 24
45.9%
Q3 24
43.2%
Q2 24
44.2%
Operating Margin
IDAI
IDAI
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-224.9%
-909.1%
Q3 25
-203.0%
-131.3%
Q2 25
-207.0%
-93.3%
Q1 25
-396.5%
-80.6%
Q4 24
-81.2%
-90.5%
Q3 24
-523.7%
-232.8%
Q2 24
-524.7%
-121.7%
Net Margin
IDAI
IDAI
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-279.9%
-891.6%
Q3 25
-219.1%
-250.3%
Q2 25
-210.7%
-74.7%
Q1 25
-395.5%
-80.1%
Q4 24
-401.5%
-85.7%
Q3 24
-245.7%
-283.9%
Q2 24
-519.3%
-115.2%
EPS (diluted)
IDAI
IDAI
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-0.37
$-4.79
Q3 25
$-0.72
$-0.93
Q2 25
$-0.69
$-0.05
Q1 25
$-0.89
$-1.73
Q4 24
$-3.14
$-2.60
Q3 24
$-1.06
$-11.10
Q2 24
$-3.19
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IDAI
IDAI
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
$6.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$8.7M
$27.1M
Total Assets
$11.2M
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDAI
IDAI
PAPL
PAPL
Q1 26
Q4 25
$6.0M
Q3 25
$5.4M
Q2 25
$292.1K
Q1 25
$1.1M
Q4 24
$2.8M
Q3 24
$598.0K
Q2 24
$659.5K
Stockholders' Equity
IDAI
IDAI
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$8.7M
$-5.5M
Q3 25
$6.1M
$906.7K
Q2 25
$2.4M
$842.6K
Q1 25
$4.1M
$739.7K
Q4 24
$3.0M
$1.3M
Q3 24
$5.4M
$1.3M
Q2 24
$750.4K
$2.0M
Total Assets
IDAI
IDAI
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$11.2M
$10.6M
Q3 25
$11.2M
$5.4M
Q2 25
$5.7M
$4.7M
Q1 25
$6.6M
$4.0M
Q4 24
$8.6M
$4.1M
Q3 24
$10.6M
$4.1M
Q2 24
$5.2M
$4.3M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IDAI
IDAI
PAPL
PAPL
Operating Cash FlowLast quarter
$2.0M
$-3.3M
Free Cash FlowOCF − Capex
$2.0M
$-3.3M
FCF MarginFCF / Revenue
215.4%
-462.7%
Capex IntensityCapex / Revenue
0.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDAI
IDAI
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$2.0M
$-489.7K
Q3 25
$-4.0M
$-507.6K
Q2 25
$-2.1M
$397.0K
Q1 25
$-1.5M
$-172.6K
Q4 24
$-2.7M
$-663.6K
Q3 24
$-2.4M
$-264.7K
Q2 24
$-1.6M
$123.0K
Free Cash Flow
IDAI
IDAI
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$2.0M
$-491.7K
Q3 25
$-4.0M
Q2 25
$-2.1M
Q1 25
$-1.6M
Q4 24
$-2.7M
Q3 24
$-2.4M
$-264.7K
Q2 24
$-1.6M
$122.7K
FCF Margin
IDAI
IDAI
PAPL
PAPL
Q1 26
-462.7%
Q4 25
215.4%
-68.1%
Q3 25
-459.6%
Q2 25
-258.6%
Q1 25
-289.2%
Q4 24
-182.9%
Q3 24
-475.4%
-44.2%
Q2 24
-320.9%
16.7%
Capex Intensity
IDAI
IDAI
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.8%
0.3%
Q3 25
0.0%
Q2 25
0.2%
Q1 25
6.8%
Q4 24
0.1%
Q3 24
0.7%
0.0%
Q2 24
1.3%
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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