Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE -137.9%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5M | $12M | $15M | $10M | $11M | $75M | — | — | — | — |
| Enterprise Value | $157385 | $7M | $16M | $8M | $12M | $73M | — | — | — | — |
| P/E Ratio → | -0.80 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 1.59 | 3.88 | 4.75 | 2.14 | 2.12 | 20.49 | — | — | — | — |
| P/B Ratio | 0.75 | 1.37 | 4.59 | 2.49 | 18.25 | 14.97 | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.34 | 5.18 | 1.69 | 2.14 | 19.77 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.9% | 55.9% | 65.4% | 80.0% | 66.8% | 68.7% | 42.6% | 66.7% | 67.6% | 93.6% |
| Operating Margin | -244.0% | -244.0% | -303.9% | -173.0% | -224.3% | -241.7% | -317.0% | -96.5% | -284.9% | -476.2% |
| Net Profit Margin | -265.2% | -265.2% | -344.1% | -167.5% | -224.5% | -246.3% | -403.4% | -101.7% | -314.3% | -493.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -137.9% | -137.9% | -298.6% | -336.5% | -427.3% | -254.9% | -987.1% | -2355.7% | — | — |
| ROA | -83.9% | -83.9% | -128.6% | -106.8% | -160.4% | -134.4% | -242.7% | -56.3% | -70.7% | -61.2% |
| ROIC | -133.8% | -133.8% | -219.6% | -453.8% | -573.5% | -396.7% | -818.1% | -119.2% | -170.5% | — |
| ROCE | -104.1% | -104.1% | -194.9% | -220.9% | -293.6% | -206.1% | -294.9% | -61.5% | -77.0% | -77.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 1.30 | 0.28 | 2.20 | 0.17 | 0.17 | 9.14 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.54 | 0.42 | -0.52 | 0.19 | -0.52 | -0.54 | 5.50 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -54.21 | -54.21 | -19.79 | -107.25 | -1356.76 | -225.64 | -57.45 | -20.67 | -10.35 | -12.16 |
Net cash position: cash ($6M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.85 | 7.85 | 1.12 | 1.73 | 0.65 | 2.40 | 0.85 | 0.85 | 4.12 | 2.01 |
| Quick Ratio | 7.85 | 7.85 | 1.12 | 1.73 | 0.65 | 2.40 | 0.85 | 0.85 | 4.12 | 2.01 |
| Cash Ratio | 6.34 | 6.34 | 0.67 | 1.16 | 0.28 | 1.45 | 0.60 | 0.50 | 0.51 | 1.79 |
| Asset Turnover | — | 0.28 | 0.36 | 0.58 | 0.84 | 0.42 | 0.55 | 0.53 | 0.23 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 109.10 | 170.56 | 54.93 | 90.70 | 175.47 | 26.89 | 15.19 | 504.38 | 81.44 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.4% | 0.2% | 0.4% | 0.8% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.4% | 0.2% | 0.4% | 0.8% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $3M | $1M | $475171 | $315518 | $251165 | $157570 | $113213 | $82242 | $82242 |
Dilutive capital dependency
According to current market data, IDAI trades at a price-to-sales ratio of 1.10, which appears to reflect a valuation based on intellectual property potential rather than fundamental earnings, as the company currently lacks a positive P/E or meaningful cash flow multiples to justify traditional growth-based pricing.
The absence of a forward P/E or PEG ratio suggests that the market is not pricing the company based on near-term operational performance. Investors should monitor whether this valuation is supported by patent portfolio milestones or if it remains a speculative play on potential acquisition interest.
Based on reported figures, the company's ROIC has remained deeply negative, fluctuating between -32.5% and -121.9% over the last ten quarters, which indicates that invested capital is currently failing to generate any productive return, likely due to the heavy R&D burden relative to revenue.
The consistent inability to achieve positive returns on invested capital suggests that the current business model is not yet compounding value for shareholders. This trend warrants further investigation into whether the company can reach a scale where R&D costs are amortized over a significantly larger revenue base.
As reported in financial statements, the asset turnover ratio has remained consistently low, hovering near 0.07 to 0.16, which suggests that the company's asset base is not being utilized efficiently to drive top-line growth, reflecting a disconnect between infrastructure investment and actual market adoption.
The high DSO figures, often exceeding 100 days, indicate potential challenges in converting contract wins into actual cash receipts. This inefficiency in the cash conversion cycle may be exacerbating the company's liquidity constraints and increasing the need for external financing.
According to recent quarterly filings, the current ratio has experienced significant volatility, dropping from 7.85 in 2025Q4 to 5.28 in 2026Q1, which highlights a narrowing liquidity cushion as the company continues to burn through its cash reserves to fund ongoing operations.
While the current ratio appears superficially healthy, the rapid depletion of cash suggests that the company's ability to meet short-term obligations without further equity dilution is becoming increasingly compromised. Investors should monitor the cash runway closely as the company lacks a clear path to self-sustaining liquidity.
As evidenced by the company's unique business model, the price-to-sales ratio is frequently misapplied to IDAI, as it obscures the fact that the company functions more like an IP holding entity than a traditional, high-margin SaaS provider with predictable recurring revenue streams.
Using revenue multiples for a pre-scale firm with negative margins can lead to a fundamental misunderstanding of the company's risk profile. A more appropriate analytical framework would focus on the patent grant-to-application ratio and the cost of customer acquisition relative to the lifetime value of government contracts.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IDAI stock.
T Stamp Inc.'s current P/E ratio is -0.8x. This places it at the 50th percentile of its historical range.
T Stamp Inc.'s return on equity (ROE) is -137.9%. The historical average is -291.0%.
Based on historical data, T Stamp Inc. is trading at a P/E of -0.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
T Stamp Inc. has 55.9% gross margin and -244.0% operating margin.