Socure Q1 2026 Results: $340M+ Total ARR with 62% YoY Profitable Growth

Market-leading acceleration is supported through continued new vertical and geo expansion, product-led growth via expansive R&D investments in AI, and the rapid adoption of Socure’s AI-native RiskOS decisioning platform

INCLINE VILLAGE, Nev.--(BUSINESS WIRE)--Socure, the leading infrastructure for identity and risk intelligence, today announced record first quarter results, closing Q1 2026 with 62% year-over-year total new annual recurring revenue growth, more than $31 million in new bookings and 134% net dollar retention across a base of more than 3,000 customers.

These metrics reflect the compounding growth of organizations that deepen their partnership with Socure over time. New and existing customers contributing to this growth include Bolt, Checkr, Coinbase, Federal Student Aid, Green Dot, HealthSherpa, Robinhood, Underdog Fantasy, Uber, and Western Union. Socure is also fueling global expansion for several customers by powering cross-border identity verification and fraud prevention that scales seamlessly across markets and regulatory environments.

The infrastructure layer for identity has been missing from the enterprise stack. The fraud environment — more sophisticated, more automated, more globalized — has made that gap impossible to ignore. Socure is building the standard that bridges it, and the results from the first quarter demonstrate that the market is ready.

"Identity fraud is professionalizing. Nation-state actors, synthetic identity networks, and AI-generated deepfakes are now operating at enterprise scale,” said Johnny Ayers, Founder & CEO, Socure. “Winning in this environment requires that organizations make identity and risk intelligence a single, continuously adaptive layer of infrastructure across their entire digital operation. That's what Socure has built.”

“The next 12 months will see Socure deepen its presence across verticals where AI-driven fraud poses existential risk,” said Matthew Thompson, President & Chief Commercial Officer, Socure. “Socure’s RiskOS platform gets stronger with every customer added to the network, every signal incorporated into the graph, and every new use case that demands a better answer than what existed before.”

Where the Market Is Moving and Why Socure Is There First

Fraud doesn't respect vertical boundaries. Neither does Socure's product performance. Q1 saw continued acceleration across financial services, workforce and payroll, public sector, big tech and AI, insurance, gaming, prediction markets, crypto, ticketing, and global ecommerce platforms.

Last year, prediction markets and sportsbook operators represented 65% revenue growth for Socure. Public-sector customers grew 130% following FedRAMP Moderate authorization, with deployments now spanning federal, state, and local agencies. Age verification, marketplace risk and workforce verification are among Socure’s fastest-growing solution areas as enterprises respond to shifting hiring fraud dynamics, and a tightening regulatory environment. Revenue from international use cases skyrocketed as Socure built the global identity infrastructure across 190+ countries.

The Work That Matters: Four Stories From Q1

Stopping $1 billion in fraudulent disbursements across higher education. Across its higher education customers, Socure has helped prevent more than $1 billion in improper payments driven by identity theft. As federal financial aid becomes an increasingly targeted vector for fraud, Socure's decisioning layer is now a front-line defense for institutions that can't afford to get it wrong.

Seven days to stop a national healthcare fraud scheme. When Affordable Care Act enrollment brokers began exploiting a required enrollment feature to create unauthorized health plan sign-ups at scale, one of the largest ACA providers in the U.S. needed a solution — fast. Socure deployed in seven days, identified and stopped the fraud, and protected both consumers and the provider's reputation.

Defeating a $400M+ North Korean synthetic identity breach — before it happened again. A leading crypto exchange suffered a $400M+ cyberattack after DPRK operatives posed as remote contractors using synthetic and stolen identities. In response, the exchange deployed Socure's document verification, risk scoring, selfie reverification and device fingerprinting across 38 countries — stopping deepfake-driven hiring fraud at the point of hire and at the point of entering the call center.

Turning "denied" into $177M in customer lifetime value. When a leading payments app struggled to onboard Gen Z applicants — rejected by legacy systems that couldn't read thin credit files — they turned to Socure. The result: pass rates for young adults more than doubled year over year, converting what had been denied screens into $177M in realized customer lifetime value.

RiskOS: The Platform Behind the Results

Socure's AI-powered RiskOS® platform is what makes this scale possible, decreasing average go live from six months to a few weeks. Where legacy approaches rely on static, siloed checks, RiskOS delivers continuous, adaptive risk assessment — unifying signals across email, phone, device, IP, biometrics, documents, behavior and other personally identifiable information into a single, time-aware view of a person, resolved in milliseconds.

RiskOS is powered by two complementary intelligence layers: the Global Graph, which brings internet-scale identity signals, and the Local Graph, which gives each enterprise an institution-specific view of their own customers. Together, they make Socure's decisioning both more accurate and more contextually aware than any point solution can replicate.

Socure’s leadership is benchmarked by influential awards for identity verification, fraud prevention, and go-to-market innovation. They include 2025 Fraud & AML Impact Award for Best First-Party Fraud Innovation, designation as a Top Market Leader in the Datos Insights Document IDV Matrix, and recognition as a Leader in the 2025 Liminal Link Index for Chargeback Prevention in eCommerce. The company was also named to the Forbes Fintech 50 and received honors at the Momentum 2025 GTM AI Awards.

About Socure

Socure is the leading platform for digital identity verification, compliance and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure’s industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry.

Serving more than 3,000 customers and 190+ countries across financial services, government, gaming, healthcare, telecom, big tech and e-commerce, Socure’s customer base includes 18 of the top 20 banks, 4 of the Mag 7, the largest HR payroll and workforce providers, the largest sportsbook and prediction market operators, 160 public sector organizations including state and federal agencies across the public sector, and more than 600 fintechs.

Leading organizations trust Socure to deliver certainty in identity across onboarding, authentication, payments, account changes, and regulatory compliance. Learn more at www.socure.com.