Intellicheck, Inc.

Intellicheck, Inc.

IDNVertical SaaS

Intellicheck verifies that an ID is real in about a second.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
1.9x
-1.6x
ARR
$24M
+7.5%
YoY Growth
16.0%
+3.1pp
Market Cap
$46M
-44.6%
Revenue (Q)
$6M
+7.5%
Gross Margin
91.3%
+0.3pp
Op. Margin
9.6%
-0.4pp
Rule of 40
25.6
+2.7
Magic Number
0.51
+1.86

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 2 Oct 2026; their pills compare vs the Jun 2026 quarter-end (3.5x).

Valuation by quarter

Current ARR Multiple: 3.5x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact
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AI Replacement RiskMODERATE
27/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
SecurityCategory baseline
low base
Workflow complexity4/5
-6 risk
Data moat3/5
-1 risk
Integration depthMedium
-4 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration0/5
+8 risk
Ways to reduce exposure
1

Embedding AI into your product is the cheapest way to ride the wave instead of being drowned by it. Even table-stakes copilots reframe the conversation with customers.

Company overview

Intellicheck verifies that an ID is real in about a second. The company has operated since the 1990s and is based in Melville, New York. Its whole focus is one hard question. Is this identity document genuine?

Many systems just read the text off a license. Intellicheck goes deeper. It validates the data encoded in the barcode against the standards issuing authorities use. A fake ID might look right to the eye and still fail this check. That makes the technology tough to fool.

Banks, retailers, and law enforcement use it. When someone opens an account, cashes a check, or makes a risky purchase, a quick scan can confirm the ID is legitimate. The answer comes back fast, so it fits into a normal checkout or sign up flow.

Suppose a bank branch faces a customer trying to open an account with a forged license. A teller cannot spot every fake. Intellicheck can, catching the mismatch in the barcode data before the account ever opens.

The company is small. Revenue runs in the range of $18 million to $20 million a year, and results can move with a few large customers. Intellicheck has pushed to grow through partners who build its check into their own apps. It is a narrow, specialized bet on stopping identity fraud at the exact moment it happens.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(516) 992-1900
Address200 BROADHOLLOW ROAD, SUITE 207, MELVILLE, NY, 11747
Mailing address200 BROADHOLLOW ROAD, SUITE 207, MELVILLE, NY, 11747
EIN11-3234779
Entity typeoperating
SEC industry framework06 Technology
Former namesIntellicheck Mobilisa, Inc. (to 2017-05-25); Intelli Check Mobilisa, Inc (to 2010-05-27); INTELLI CHECK INC (to 2008-03-19)

SaaS KPIs

Reported in at least 3 quarters

Adjusted EBITDA

15 quarters
$1.1M
Q2 FY2026+12.3%

SaaS Revenue

14 quarters
$5.9M
Q2 FY2026+7.4%

Adjusted Gross Profit

4 quarters
$5.6M
Q2 FY2026+7.7%

Adjusted Gross Profit Margin

3 quarters
93.6%
Q2 FY2026+0.2pp

Management outlook

Given with Q2 FY2026 results (Jun 2026)
Second Half of 2026
Adjusted EBITDApositive adjusted EBITDA generation
Full Year 2026
Profitabilityprofitable for the full year
Year Ending December 31, 2026
Total Revenuedecline compared to 2025
Net Incomeremain profitable on a net income basis
Adjusted EBITDApositive Adjusted EBITDA

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.