UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 13, 2025

authID Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-40747		46-2069547
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification Number)

1580 N. Logan St, Suite 660, Unit 51767, Denver, Colorado 80203

(Address of principal executive offices) (zip code)

516-274-8700

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol		Name of each exchange on which registered
Common Stock par value $0.0001 per share		AUID		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On May 13, 2025, authID Inc. (the “Company”) issued a press release regarding its financial results for the fiscal quarter ended March 31, 2025. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company also published a presentation used in connection with a conference call hosted on May 13, 2025. The full text of the presentation published in connection with the announcement is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information contained in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Index of Exhibits

Exhibit Number		Description

99.1		Press Release dated May 13, 2025
99.2		Presentation dated May 13, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	authID Inc.

Date: May 13, 2025	By:	/s/ Edward Sellitto
	Name:	Edward Sellitto
	Title:	Chief Financial Officer

Exhibit 99.1

authID Reports Financial and Operating Results for the First Quarter Ended March 31, 2025

DENVER, May 13, 2025 (GLOBE NEWSWIRE) -- authID^® (Nasdaq: AUID) (“authID” or the “Company”), a leading provider of biometric identity verification and authentication solutions, today reported financial and operating results for the first quarter ended March 31, 2025.

First Quarter 2025 vs. First Quarter 2024 Financial Summary

●

Total revenue for the quarter increased to $0.30 million, compared to $0.16 million a year ago.

●

Operating expenses were $4.7 million, compared to $3.3 million a year ago.

●

Net loss was $4.3 million, or $0.40 per share, compared to a loss of $3.1 million, or $0.32 per share a year ago.

●

Adjusted EBITDA Loss of $3.9 million (non-GAAP measure as defined below), compared with $2.4 million a year ago.

●

Gross bARR (Booked Annual Recurring Revenue) of $0.01 million (non-GAAP measure as defined below), compared with $0.10 million a year ago.

“I’m incredibly excited about authID’s growth prospects in 2025 and beyond,” said Rhon Daguro, authID’s Chief Executive Officer. “We have solidified our foundation to become a leader in the evolving and fast-growing biometric authentication market while making progress on our ambitious 2025 goals. We are continuing to advance our conversations with key enterprise and platform partner prospects in order to achieve our bookings targets and are intensifying our focus on the large enterprise and large channel OEM segments as we move through the second quarter.

“We recently secured nearly $9 million in capital through two financing rounds to improve our balance sheet, broaden our investor base and provide us with additional expertise and support as we scale our business and invest in new opportunities. Through these efforts we have also created an advisory board comprised of two new expert advisors, Eric Swider and Donald Nitti. Both leaders have extensive experience in different industry and government sectors where authID’s biometric identity solutions can address critical needs.

“As we move through the year, we continue to expect to close multiple Fortune 500 and multi-national customers in 2025, and we are currently in the late stages of our sales cycle with these potential customers. I'm pleased with our momentum to date and remain confident that we will sign new customers and drive significant growth towards our $18 million bookings target for 2025.”

Recent Business and Operational Highlights

●

Secured nearly $9 million dollars after expenses from existing and new shareholders through two registered direct offerings, while also creating an advisory board comprised of two new expert advisors, Eric Swider and Donald Nitti.

●

Signed a paid live production trial agreement with a Global Fortune 500 prospect to deliver authID’s solution in a controlled rollout. Upon completion, authID expects to secure a longer-term agreement.

●

Advanced to final stages with a Global Fortune 500 biometric hardware provider to embed authID into a solution offering reusable, interoperable identity credentials for employee workforces.

●

Confirmed as the selected vendor by one of the largest identity fraud platforms and are in the final stages of contract negotiations.

●

Launched efforts into the Public Sector by providing a reuseable identity platform for removing the barriers between siloed systems for government workforces.

●

Began integration with a blockchain-based data privacy and security platform to validate identity of data owners through privacy preserving biometrics which bring authID’s technology into smart cities in South America and India to start.

●

Identified new opportunities in the Indian banking sector with our Indian partner to protect high value transactions and account access with authID’s PrivacyKey technology

●

Successfully delivered a proof of concept and entered into contract negotiations with a Fortune 500 prospect to deliver identity verification and biometric solutions.

●

Named "Best ID Management Platform" Award in 2025 FinTech Breakthrough Awards for the third time. authID was recognized for its groundbreaking biometric identity verification technology, which has set a new standard for precision, speed, and data privacy in the fintech industry, as well as the verification landscape at large.

Financial Results for the First Quarter Ended March 31, 2025

Total revenue for the three months ended March 31, 2025 was $0.30 million, compared with $0.16 million a year ago.

Operating expenses for the three months ended March 31, 2025, were $4.7 million, compared to $3.3 million a year ago. The 2025 increase is primarily due to increased headcount investment in sales and R&D.

Net loss for the three months ended March 31, 2025 was $4.3 million, of which non-cash charges were $0.5 million, compared with a net loss of $3.1 million a year ago, of which non-cash charges were $0.8 million

Loss per share for the three months ended March 31, 2025 was $0.40, compared with $0.32 a year ago.

Adjusted EBITDA loss was $3.9 million for the three months ended March 31, 2024, compared with $2.4 million a year ago. The increase in Adjusted EBITDA loss is primarily driven by the increase in headcount investment in sales and R&D. Please refer to Table 1 for reconciliation of net loss to Adjusted EBITDA (a non-GAAP measure).

Remaining Performance Obligation (RPO) as of March 31, 2025, was $13.85 million, of which $1.01 million is held as deferred revenue and $12.84 million is related to other non-cancellable contracted amounts, compared to RPO of $4.03 million as of March 31, 2024. The Company expects to recognize the full RPO of $13.85 million over the entire life of the contracts, which are typically signed with a 3-year term.

The gross amount of Booked Annual Recurring Revenue or bARR, (a non-GAAP measure, as defined below), signed in the first quarter of 2025 was $0.01 million, down from $0.10 million of gross bARR a year ago. The net amount of bARR was negative $0.13 million compared to $0.10 million of net bARR signed in the comparable period in 2024. The Q1 bARR is comprised of $0 million in Committed Annual Recurring Revenue (cARR) and $0.01 million in estimated Usage Above Commitments (UAC).

The net amount of bARR reflects the deduction of the bARR of contracts previously included in reported bARR, due to certain customers experiencing delays in Production Go-Live timing and volume ramping. See below for further definition and explanation of ARR and bARR, non-GAAP measures.

Conference Call

A conference call and webcast will be held today at 5.00 p.m. EDT, hosted by authID Chief Executive Officer, Rhon Daguro and Chief Financial Officer, Ed Sellitto to discuss the financial results and provide a corporate update. To participate on the live conference call, please access this registration link and you will be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time. A live webcast of the call will be available at webcast registration and on the “Events & Presentations” page of the Company’s website at investors.authid.ai. Only participants on the live conference call will be able to ask questions.

A replay of the event and a copy of the presentation will also be available for 90 days at authID’s Investor Relations site.

About authID Inc.

authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey Solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem.

For further information please visit authid.ai

Investor Relations Contacts
authID Investor Relations
[email protected]

Media Contacts
Walter Fowler
1-631-334-3864
[email protected]

Forward-Looking Statements

This Press Release includes “forward-looking statements.” All statements other than statements of historical facts included herein, including, without limitation, those regarding the future results of operations, growth and sales, potential contract signings, booked Annual Recurring Revenue (bARR) (and its components cARR and UAC), Annual Recurring Revenue (ARR), cash flow, cash position and financial position, business strategy, plans and objectives of management for future operations of both authID Inc. and its business partners, are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding authID’s present and future business strategies, and the environment in which authID expects to operate in the future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the Company’s ability to attract and retain customers; successful implementation of the services to be provided under new customer contracts and their adoption by customers’ users; the Company’s ability to compete effectively; changes in laws, regulations and practices; the increase in international tariffs and uncertainty over international trading conditions, changes in domestic and international economic and political conditions, the impact of the wars in Ukraine and the Middle East, inflationary pressures, changes in interest rates, and others. See the Company’s Annual Report on Form 10-K for the Fiscal Year ended December 31, 2024 filed at www.sec.gov and other documents filed with the SEC for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this release and cannot be relied upon as a guide to future performance. authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this release to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based.

Non-GAAP Financial Information

The Company provides certain non-GAAP financial measures in this statement. These non-GAAP key business indicators, which include Adjusted EBITDA, bARR and ARR should not be considered replacements for and should be read in conjunction with the GAAP financial measures.

Management believes that Adjusted EBITDA, when viewed with our results under GAAP and the accompanying reconciliations, provides useful information about our period-over-period results. Adjusted EBITDA is presented because management believes it provides additional information with respect to the performance of our fundamental business activities and is also frequently used by securities analysts, investors, and other interested parties in the evaluation of comparable companies. We also rely on Adjusted EBITDA as a primary measure to review and assess the operating performance of our company and our management.

Adjusted EBITDA is a non-GAAP financial measure that represents GAAP net loss adjusted to exclude (1) interest expense and debt discount and debt issuance costs amortization expense, (2) interest income, (3) depreciation and amortization, (4) stock-based compensation expense (stock options) and certain other items management believes affect the comparability of operating results.

Please see Table 1 below for a reconciliation of Adjusted EBITDA – continuing operations to net loss – continuing operations, the most directly comparable financial measure calculated and presented in accordance with GAAP.

TABLE 1

Reconciliation of Loss from Continuing Operations to Adjusted EBITDA Continuing Operations.

	Three Months Ended March 31,
	2025			2024
Loss from continuing operations	$	(4,339,467	)	$	(3,057,577	)

Addback:

Interest expense, net		12,712			13,138
Other income		(51,544	)		(108,920	)
Depreciation and amortization		30,192			43,408
Stock compensation		454,339			722,971
Adjusted EBITDA continuing operations (Non-GAAP)		(3,893,768	)		(2,386,980	)

Management believes that bARR and ARR, when viewed with our results under GAAP, provide useful information about the direction of future growth trends of the Company’s revenues. We also rely on bARR as one of several primary measures to review and assess the sales performance of our Company and our management team in connection with our executive compensation. The Company defines Booked Annual Recurring Revenue or bARR, as the amount of annual recurring revenue represented by the estimated amounts of annual recurring revenue we believe will be earned under such contracted orders, looking out eighteen months from the date of signing of each customer contract. This estimate is comprised of two components (1) Committed Annual Recurring Revenue (cARR), which represents the minimum amounts that customers are contractually committed to pay each year over the life of the contract and (2) Usage Above Commitments (UAC), which represents our estimate of the rate of annual recurring revenue arising from actual usage of our services above the contractual minimums, that we believe the Customer will achieve after 18 months. The net amount of bARR reflects the deduction of the bARR of contracts previously included in reported bARR, which were subject to attrition, or other downward adjustments during the quarter.

The company defines Annual Recurring Revenue or ARR, as the amount of recurring revenue recognized during the last three months of the relevant period as determined in accordance with GAAP, multiplied by four.

bARR may be distinguished from ARR, as bARR does not take specifically into account the time to implement any contract for authID’s services, nor for any ramp in adoption, or seasonality of usage of our biometric products but is based on the assumption that 18 months after signing these matters will have been generally resolved. Furthermore, bARR is based on estimates of future revenues under particular contracts, whereas ARR, whilst also forward-looking, is based on historical revenues recognized in accordance with GAAP during the relevant period. A reconciliation of bARR to a GAAP measure is not provided as there is no comparable GAAP measure and we believe that any attempt at such reconciliation may be confusing to investors. bARR and ARR have limitations as analytical tools, and you should not consider them in isolation from, or as a substitute for, analysis of our results as reported under GAAP. Some of these limitations are:

●

bARR & ARR should not be considered as predictors of future revenues but only as indicators of the direction in which revenues may be trending. Actual revenue results in the future as determined in accordance with GAAP may be significantly different to the amounts indicated as bARR or ARR at any time.

●

bARR and ARR are to be considered “forward-looking statements” and subject to the same risks, as other such statements (see note on “Forward-Looking Statements” above).

authID INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)
	Three Months Ended March 31,
	2025			2024
Revenues, net	$	296,256		$	157,378

Operating Expenses:
General and administrative		2,645,700			2,062,361
Research and development		1,998,663			1,204,968
Depreciation amortization		30,192			43,408
Total operating expenses		4,674,555			3,310,737

Loss from operations		(4,378,299	)		(3,153,359	)

Other Income (Expense):
Interest expense, net		(12,712	)		(13,138	)
Other income		51,544			108,920
Other income (expense), net		38,832			95,782

Net loss before income taxes		(4,339,467	)		(3,057,577	)
Income tax expense		-			-
Net Loss	$	(4,339,467	)	$	(3,057,577	)

Net Loss Per Share - Basic and Diluted operations	$	(0.40	)	$	(0.32	)

Weighted Average Shares Outstanding - Basic and Diluted		10,920,909			9,450,220

authID INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

	March 31, 2025			December 31, 2024
ASSETS	(Unaudited)
Current Assets:
Cash	$	2,866,347		$	8,471,561
Accounts receivable, net		1,028,564			97,897
Contract assets		487,551			426,859
Deferred contract costs		595,359			617,918
Other current assets, net		623,475			460,192
Total current assets		5,601,296			10,074,427

Intangible assets, net		185,226			213,718
Goodwill		4,183,232			4,183,232
Total assets	$	9,969,754		$	14,471,377

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued expenses	$	811,934		$	1,715,410
Commission liability		191,519			459,657
Severance liability		325,000			325,000
Convertible debt, net		-			240,884
Deferred revenue		1,011,448			215,237
Total current liabilities		2,339,901			2,956,188

Total liabilities	$	2,339,901		$	2,956,188

Commitments and Contingencies (Note 8)

Stockholders’ Equity:
Common stock, $0.0001 par value, 150,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 10,920,909 shares issued and outstanding as of March 31, 2025 and December 31, 2024		1,092			1,092
Additional paid-in capital		185,766,847			185,312,508
Accumulated deficit		(178,147,996	)		(173,808,529	)
Accumulated comprehensive income		9,910			10,118
Total stockholders’ equity		7,629,853			11,515,189
Total liabilities and stockholders’ equity	$	9,969,754		$	14,471,377

authID INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

	Three Months Ended March 31,
	2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss	$	(4,339,467	)	$	(3,057,577	)
Adjustments to reconcile net loss with cash flows from operations:
Stock-based compensation		454,339			722,971
Depreciation and amortization expense		30,192			43,408
Amortization of debt discounts and issuance costs		4,116			4,115

Changes in operating assets and liabilities:
Accounts receivable		(930,667	)		(237,506	)
Contract assets		(60,692	)		(49,713	)
Deferred contract cost		22,559			(3,417	)
Other current assets		(163,283	)		(9,521	)
Commission liability		(268,138	)		(40,950	)
Accounts payable and accrued expenses		(903,476	)		(495,357	)
Deferred revenue		796,211			176,019
Net cash flows from operating activities		(5,358,306	)		(2,947,528	)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of intangible assets		(1,700	)		-
Net cash flows from investing activities		(1,700	)		-

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of convertible notes		(245,000	)		-
Net cash flows from financing activities		(245,000	)		-

Effect of Foreign Currencies		(208	)		(3,359	)

Net Change in Cash		(5,605,214	)		(2,950,887	)
Cash, Beginning of the Period		8,471,561			10,177,099
Cash, End of the Period	$	2,866,347		$	7,226,212

Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	$	13,137		$	9,023

Exhibit 99.2

© 2025 authID Inc. All Rights Reserved. This Presentation and information provided at a webcast or meeting at which it is presented (the “Presentation") has been prepared on the basis of information furnished by the management of authID Inc . (“authID” or the “Company”) and has not been independently verified by any third party . This Presentation is provided for information purposes only . This Presentation is not an offer to sell nor a solicitation of an offer to buy any securities . While the Company is not aware of any inaccuracies, no warranty or representation is made by the Company or its employees and representatives as to the completeness or accuracy of the information contained herein . This Presentation also contains estimates and other statistical data made by independent parties and us relating to market size and other data about our industry . This data involves a number of assumptions and limitations, and you should not give undue weight to such data and estimates . Information contained in this Presentation or presented during this meeting includes “forward - looking statements . ” All statements other than statements of historical facts included herein, including, without limitation, those regarding the future results of operations, growth and sales, potential contract signings, booked Annual Recurring Revenue (bARR) (and its components cARR and UAC), Annual Recurring Revenue (ARR), cash flow, cash position and financial position, business strategy, plans and objectives of management for future operations of both authID Inc . and its business partners, are forward - looking statements . Such forward - looking statements are based on a number of assumptions regarding authID’s present and future business strategies, and the environment in which authID expects to operate in the future, which assumptions may or may not be fulfilled in practice . Actual results may vary materially from the results anticipated by these forward - looking statements as a result of a variety of risk factors, including the Company’s ability to attract and retain customers ; successful implementation of the services to be provided under new customer contracts and their adoption by customers' users ; the Company’s ability to compete effectively ; changes in laws, regulations and practices ; the increase in international tariffs and uncertainty over international trading conditions, changes in domestic and international economic and political conditions, the impact of the wars in Ukraine and the Middle East, inflationary pressures, increases in interest rates, and others . See the Company’s Annual Report on Form 10 - K for the Fiscal Year ended December 31 , 2024 , filed at www . sec . gov and other documents filed with the SEC for other risk factors which investors should consider . These forward - looking statements speak only as to the date of this presentation and cannot be relied upon as a guide to future performance . authID expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward - looking statements contained in this presentation to reflect any changes in its expectations with regard thereto or any change in events, conditions, or circumstances on which any statement is based . This Presentation contains references to the Company’s and other entities’ trademarks . Such trademarks are the property of their respective owner . The Company does not intend its use or the display of other companies’ trade names or trademarks to imply a relationship with or endorsement of the Company by any other entity . By reading this Presentation or attending a webcast or meeting at which it is presented you accept and agree to these terms, disclaimers and limitations . Disclaimer G Forward Looking Statements - 2 -

We are making tangible advances in our key conversations with large Enterprise deals • Confirmed as selected vendor by a Fortune 500 enterprise prospect following a successful proof - of - concept • Signed paid live production trial agreement with Global Fortune 500 retailer • Advanced pipeline discussions with Global Fortune 500 biometric hardware provider, including joint product development and sales training • Confirmed as selected vendor by a major identify fraud prevention platform We continue to open new, high potential opportunities • Block chain - based data privacy and security platform, to serve smart cities in South America • Public sector agencies, to secure employee access to sensitive systems • Indian banking and US/Indian government applications through our Indian AI development partner - 5 - © 2025 authID Inc. All Rights Reserved. Meaningful Pipeline Progress authID FAT 100 and FASTER 100 pipeline is growing and actively progressing towards closure in 2025

Two Big Bets on Innovation Paying Off authID earned “Best ID Management Platform” award in the 2025 FinTech Breakthrough Awards PrivacyKey : Develop privacy - preserving biometric capability into authID’s SaaS Platform with SDKs for easy integration Bet #1 Reusable Identity : Build a brand - new product to enable reusable and interoperable identities to address enterprise workforce, remote workers, and contractors all rooted in biometric identity. Bet #2 Enterprise - ready solution Selected as winning vendor for multiple major Fortune 500 enterprises, confirming ability to meet enterprise requirements and use cases Result #1 New Pipeline from Major Enterprises New opportunities opening from several major organizations, particularly in Financial Services, Government agencies and contractors. Result #2 Progress towards Reusable Identity Partnership Advanced conversations with joint development efforts underway to replace incumbent solutions and power Biometric authentication in partnership with a Fortune 500 hardware biometric company Result #3 - 6 - © 2025 authID Inc. All Rights Reserved.

Capital Raises in April G May 2025 Attracting Investment and Expert Advisors We are attracting new investors C advisors and are securing the time, expertise and support to accelerate growth efforts Highly Experienced Expert Advisor Additions $8.6 Million Eric Swider - 7 - © 2025 authID Inc. All Rights Reserved. Donald Nitti

Increased Focus on Enterprise and Channel Segments • The advancements made with our solution are allowing us to win in conversations with larger enterprises and channel partners • We are doubling down on these segments to play to our strength while dramatically increasing the efficiency of our sales efforts FAST 100 Mid - Size / High Growth • Smaller, fast - moving organizations that require minimal product customization • Average 3 - month sales cycle • Smaller deal size, typically $50 - 250k/yr FAT 100 Enterprise • Large enterprise organizations that often require significant product customization and sales effort • Average 9 - 12 month+ sales cycle • Larger deal size, typically $500k - $3M/yr FASTER 100 Channel • Leverage channel partners as resellers to large numbers of their customers • Minimal sales effort, leverage channel partners sales team • Opportunity to quickly add a large number of new logos © 2025 authID Inc. All Rights Reserved. - 8 - © 2025 authID Inc. All Rights Reserved.

2025 Ǫ1 GAAP Financial Results Net Loss from Non - Cash C One - Time Revenue Operating Expenses Continuing Operations Severance Charges Net Loss Per Share ($M) ($M) ($M) ($M) Continuing Operations $0.40 $0.32 Ǫ1 Ǫ1 2024 2025 0.8M 0.5M Ǫ1 Ǫ1 2024 2025 4.3M 3.1M Ǫ1 Ǫ1 2024 2025 4.7M 3.3M Ǫ1 Ǫ1 2024 2025 0.30M 0.16M Ǫ1 Ǫ1 2024 2025 - 10 - © 2025 authID Inc. All Rights Reserved.

2025 Ǫ1 Financial Results GAAP - Remaining Performance Obligation - 11 - © 2025 authID Inc. All Rights Reserved. • RPO represents deferred revenue and non - cancelable contracted revenue over the life of the contract that has not yet been recognized. • Contracts are typically signed with a minimum 3 - year term. YoY Change ǪoǪ Change Period Ending Ǫ1 2024 Ǫ4 2024 Ǫ1 2025 +$0.70M +$0.79M $0.31M $0.22M $1.01M Deferred Revenue +$9.11M ($1.20M) $3.73M $14.04M $12.84M Additional non - cancelable contracted revenue +$9.82M ($0.41M) $4.03M $14.26M $13.85M Total Remaining Performance Obligation (RPO)

2025 Ǫ1 Non - GAAP* Financial Results Adjusted EBITDA ARR bARR Loss Annual Recurring Revenue Booked Annual Recurring Revenue** 2025 Est. UAC 2024 Est. UAC 2025 cARR 2024 cARR 1.2M 3.9M $0.10M $0.06M 0.6M 2.4M $0.01M $0.04M $0.0 - 1M Ǫ1 2025 Ǫ1 2024 Ǫ1 2025 Ǫ1 2024 Ǫ1 2025 Ǫ1 2024 * See Ǫ1 2025 Earnings Press Release for important information about Non - GAAP Measures **cARR = Committed Annual Recurring Revenue, Est. UAC = Estimated Usage Above Commitment - 12 - © 2025 authID Inc. All Rights Reserved.

Revenue Growth Stages Progressing through our growth stages to build a sustainable, recurring revenue stream - 13 - © 2025 authID Inc. All Rights Reserved. 2025 Q1 Results 2024 FY Results Measurement Stage $0.01M $9.01M Booked Annual Recurring Revenue (bARR) Secure new customer contracts with booked Annual Recurring Revenue Bookings 1 $13.85M $14.26M Remaining Performance Obligation (RPO) Establish contractual commitments from customers Financial Commitments 2 $0.30M $0.16M GAAP Revenue • Implement new customers and recognize revenue • Ramp usage and exceed minimum commitments Revenue 3 2025 Focus Retention Rate Net Revenue Retention Retain customer contracts and expand relationships with upsells and cross - sells Retention and Expansion 4