Form 8-K

8-K — authID Inc.

Accession: 0001213900-26-056689

Filed: 2026-05-14

Period: 2026-05-14

CIK: 0001534154

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — ea0290670-8k_authid.htm (Primary)

EX-99.1 — PRESS RELEASE DATED MAY 14, 2026 (ea029067001ex99-1.htm)

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8-K — CURRENT REPORT

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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 14, 2026

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 14, 2026,

authID Inc. (the “Company”) issued a press release regarding its financial results for the first quarter ended March 31, 2026.

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 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 14, 2026

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 14, 2026

By:

/s/ Edward Sellitto

Name:

Edward Sellitto

Title:

Chief Financial Officer

EX-99.1 — PRESS RELEASE DATED MAY 14, 2026

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Exhibit 99.1

authID Reports Financial and Operating

Results for the First Quarter 2026

DENVER, May 14, 2026 (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 Quarter ended March 31, 2026.

First Quarter 2026 vs. First Quarter 2025

Financial Summary

● Total

revenue for the quarter was $0.5 million, compared to $0.3 million a year ago.

● Operating expenses were $5.0 million, compared to $4.7 million a year ago.

● Net loss was $4.5 million, or $0.28 per share, compared to a loss of $4.4

million, or $0.40 per share a year ago.

● Adjusted EBITDA Loss of $3.4 million (non-GAAP measure as defined below),

compared with $3.9 million a year ago.

● Gross bARR (Booked Annual Recurring Revenue) of $0.08 million (non-GAAP measure

as defined below), compared with $0.01 million a year ago.

"Q1 2026 represents an inflection point

for authID, as the Company executed a deliberate and multi-dimensional strategy, simultaneously strengthening the balance sheet, restructuring

the cost base, advancing its technology leadership, and deepening its enterprise pipeline,” said Rhon Daguro authID CEO. “We

took action to reduce our cost structure and secure our runway, in closing $4.2 million in bridge financing after the quarter closed.

We expanded our channel presence through new partnerships in the Microsoft ecosystem and our enterprise POC pipeline continues to progress

with some of the largest organizations in the world" added Daguro. “The combination of accelerating revenue, structural cost

savings, and an expanding enterprise pipeline creates the conditions for authID to reach cash flow sustainability and long-term financial

independence.”

Recent Business and Operational Highlights

● The Company has built a $40m pipeline represented by 20 major accounts, with a growing number of accounts coming from our channel

partner program. We are in various phases of Proofs of Concept with more than a dozen of these prospective major enterprise customers

spanning retail, banking, fintech, crypto, industrial and chip manufacturing, and healthcare.

● Launched what the Company believes is the only biometric identity platform

purpose-built to withstand quantum-era threats. authID's PrivacyKey™ platform now incorporates quantum-resistant cryptography, using

NIST-standard quantum-resistant encryption algorithms and cryptographic key sharding, which eliminates single-point-of-failure vulnerabilities.

● Expanded

our strategic partnership program adding Formula5, a Microsoft-focused consultancy specializing in identity, security, and Zero Trust

architecture, to serve as a reseller and implementation partner for authID's biometric identity platform. Formula 5, like our existing

partner MajorKey, operates within the security framework of Microsoft Entra and Microsoft Verified ID ecosystems — expanding the

Company's reach into a broad range of industries including financial services, healthcare, energy and manufacturing.

● Secured $4.2 million in bridge financing subsequent to quarter end, extending

the Company's operating runway as it continues to advance enterprise proof-of-concept evaluations and work towards closing significant

deals.

Financial Results for the First Quarter

Ended March 31, 2026

Revenue for the three months ended March 31,

2026 was $0.5 million, compared with $0.3 million a year ago.

Operating expenses for the three months ended

March 31, 2026, were $5.0 million, compared to $4.7 million a year ago. The 2026 was driven by an increase of in stock-based compensation

for employees and advisors, partially offset by employee and vendor expense reductions.

Net loss for the three months ended March

31, 2026 was $4.5 million, of which non-cash charges were $1.1 million, compared with a net loss of $4.4 million a year ago, of which

non-cash charges were $0.5 million.

Loss per share for the three months ended

March 31, 2026 was $0.28, compared with $0.40 a year ago.

Adjusted EBITDA loss (a non-GAAP measure,

as defined below) was $3.4 million for the three months ended March 31, 2026, compared with a loss of $3.9 million a year ago. The decrease

in adjusted EBITDA loss is primarily driven by the decrease in operating expenses, net of non-cash stock-based compensation. 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, 2026, the Company’s Remaining Performance Obligation (RPO) was $2.0 million, of which $0.38 million is recorded as

deferred revenue and $1.62 million is related to other non-cancellable contracted amounts. The Company expects approximately 71% of the

RPO to be recognized as revenue over the twelve months ending March 31, 2027, based on contractual commitments and expected usage patterns.

The gross amount of Booked Annual Recurring

Revenue or bARR, (a non-GAAP measure, as defined below), signed in the first quarter of 2026 was $0.08 million, up from $0.01 million

of gross bARR a year ago. The net amount of bARR was $0.08 million, compared to a negative $0.13 million of net bARR signed in the comparable

period in 2025. The Q1 bARR is comprised of $0.03 million in Committed Annual Recurring Revenue (cARR) and $0.06 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,

volume ramping and challenges meeting their contractual obligations.

The amount of Annual Recurring Revenue or

ARR, (a non-GAAP measure, as defined below) as of Q1 2026 was $1.9 million, compared to $1.2 million of ARR as of Q1 2025.

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 5:00p.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.

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 also be available here

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 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 quickly and accurately verifies a user's identity, leveraging a 1-in-1-billion False Positive

Rate for the highest level of assurance, coupled with industry-leading speed and privacy-preserving technology. authID's IDX platform

secures the distributed workforce of employees and contractors, while enforcing authorization and accountability for AI agents. By creating

a biometric root of trust for each user, authID stops fraud at onboarding, prevents account takeover, detects and stops deepfakes, eliminates

password risks and costs, and provides the fastest, frictionless, and most accurate user identity experience in the industry.

Investor Relations Contacts

authID

Investor Relations

investor-relations@authID.ai

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, 2025 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 from continuing operations adjusted to exclude (1) interest expense, (2) interest income, (3) amortization, (4) stock-based compensation

expense 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,

2026

2025

Loss from continuing operations

$ (4,463,536 )

$ (4,339,467 )

Add back:

Interest expense, net

2,428

12,712

Interest income

(19,532 )

(51,544 )

Amortization

11,698

30,192

Stock compensation

1,040,058

454,339

Adjusted EBITDA continuing operations (Non-GAAP)

(3,428,884 )

(3,893,768 )

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 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

and ARR to a GAAP measure is not provided as there are no comparable GAAP measures 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

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended

March 31,

2026

2025

Revenues

$ 480,151

$ 296,256

Operating expenses:

General and administrative

2,835,908

2,645,700

Research and development

2,113,187

1,998,663

Amortization

11,696

30,192

Total operating expenses

4,960,791

4,674,555

Loss from operations

(4,480,640 )

(4,378,299 )

Other income (Expense):

Interest income

19,532

51,544

Interest expense, net

(2,428 )

(12,712 )

Other income, net

17,104

38,832

Loss from operations before income taxes

(4,463,536 )

(4,339,467 )

Income tax expense

Loss from operations

(4,463,536 )

(4,339,467 )

Net loss

$ (4,463,536 )

$ (4,339,467 )

Net Loss Per Share - Basic and Diluted

$ (0.28 )

$ (0.40 )

Weighted Average Shares Outstanding - Basic and Diluted:

16,132,487

10,920,909

authID INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

March 31,

December 31,

2026

2025

(unaudited)

ASSETS

Current Assets:

Cash

$ 1,191,282

$ 4,608,073

Accounts receivable

338,695

238,800

Contract assets

9,362

Deferred contract costs

166,841

199,380

Other current assets

426,595

595,692

Total current assets

2,123,413

5,651,307

Intangible assets, net

135,695

147,391

Goodwill

4,183,232

Total assets

$ 6,442,340

$ 9,981,930

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accounts payable and accrued expenses

$ 851,904

$ 876,168

Commission liability

5,390

4,934

Deferred revenue

384,755

477,058

Total current liabilities

1,242,049

1,358,160

Total liabilities

$ 1,242,049

$ 1,358,160

Commitments and Contingencies

Stockholders’ Equity:

Common stock, $0.0001 par value, 150,000,000 shares authorized as of March 31, 2026 and December 31, 2025 respectively; 16,132,487 shares issued and outstanding as of March 31, 2026 and December 31, 2025

1,613

Additional paid-in capital

201,393,571

200,353,514

Accumulated deficit

(196,204,945 )

(191,741,409 )

Accumulated comprehensive income

10,052

Total stockholders’ equity

5,200,291

8,623,770

Total liabilities and stockholders’ equity

$ 6,442,340

$ 9,981,930

authID INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended

March 31,

2026

2025

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$ (4,463,536 )

$ (4,339,467 )

Adjustments to reconcile net loss with cash flows from operations:

Stock-based compensation

1,040,057

454,339

Amortization expense

11,696

34,308

Changes in operating assets and liabilities:

Accounts receivable

(99,895 )

(930,667 )

Contract assets

9,362

(60,692 )

Deferred contract cost

32,539

22,559

Other current assets

169,097

(163,283 )

Accounts payable and accrued expenses

(24,264 )

(903,476 )

Commission liability

456

(268,138 )

Deferred revenue

(92,303 )

796,211

Net cash flows from operating activities

(3,416,791 )

(5,358,306 )

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 )

Net Change in Cash

(3,416,791 )

(5,605,214 )

Cash, Beginning of the Period

4,608,073

8,471,561

Cash, End of the Period

$ 1,191,282

$ 2,866,347

Supplemental Disclosure of Cash Flow Information

Cash paid for interest

$ -

$ 13,137

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

+ References

No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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