authID Inc Dossier - Source-backed chat

authID Inc

AUIDNASDAQ

SectorInformation Technology

IndustrySystems Software

Beta (adjusted)1.41

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $0.38Price as of 30 Sep 2026

Data confidenceNot applicable

Market Cap $6.4M

Enterprise Value $5M

Shares Outstanding 17.3M diluted

Next Earnings Date11 Nov 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

authID Inc. (AUID) is a high-growth challenger in the biometric identity verification and passwordless authentication market. While the company's technology delivers impressive performance (700ms processing speed and 1-to-1-billion false match rate), it remains highly speculative due to its extremely small revenue base ($2.22M TTM), severe operating losses ($18.06M TTM), and rapid cash burn. Although recurring metrics like ARR ($1.9M) and strategic partnerships (e.g., Trinsic, NESIC, MajorKey) are trending positively, the company relies heavily on dilutive financing to survive. A 'Hold' rating reflects the balance between its strong technological moat and its critical financial going-concern risks.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$1.0920%

Severe cash burn exhausts existing liquidity, and the company is unable to secure favorable financing terms. Customer implementation delays or contract cancellations lead to negative net bARR adjustments (similar to FY 2025), triggering severe dilution or restructuring.

Base CaseCentral scenario

$2.3155%

authID continues to grow its ARR and RPO at a moderate pace, but high customer acquisition costs and long enterprise sales cycles keep the company unprofitable. Ongoing reliance on bridge financing and equity dilution limits near-term share price appreciation, keeping the stock range-bound.

Bull CaseUpside scenario

$3.3225%

Rapid enterprise adoption of the IDX platform and successful conversion of the sales pipeline drive ARR past $5 million. Strategic distribution channels like Microsoft (via MajorKey) and NESIC accelerate global deployment, leading to operating leverage and a path to cash-flow break-even.

Scenarios reflect our research view at the research date.

Key Investment Merits

Superior biometric technology with sub-second processing (700ms) and high accuracy (1-to-1-billion false match rate).
Privacy-preserving architecture (PrivacyKey) that stores no biometric data, reducing regulatory and compliance risks for enterprises.
Expanding distribution network through integrations with major IAM ecosystems like Okta and Microsoft Entra ID.

Key Investment Risks

Severe financial instability with a going-concern warning, high cash burn, and reliance on dilutive equity or debt financing.
Long and unpredictable enterprise sales cycles that delay the conversion of booked ARR (bARR) into recognized GAAP revenue.
Intense competition from well-capitalized giants (Okta, Microsoft) and established specialized players (Mitek Systems).

Thesis Invalidation Triggers

Inability to secure additional capital, leading to a liquidity crisis.
A material downward revision in RPO or recurring revenue metrics due to customer churn.
Loss of key technology partnerships or distribution channels.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.