AWRE on Nasdaq

Aware, Inc.

Logo: ToyFJ, CC BY-SA 4.0, via Wikimedia Commons⁴

American software company

Aware, Inc. is a biometrics software and services company based near Boston, Massachusetts.³ From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 16, 2026.

Overview

1986Founded¹

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TickerAWRE on Nasdaq¹
IndustryServices-Prepackaged Software¹
HeadquartersBedford¹
Legal formprivate limited company¹
Incorporated inMA⁵
Business address76 Blanchard Road, Burlington, Ma 01803⁵
Filer categoryNon-accelerated filer, Smaller reporting company⁵

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Aware building — Photo: ToyFJ, CC BY-SA 4.0, via Wikimedia Commons⁷

Aware, Inc. is a biometrics software and services company based near Boston, Massachusetts.³

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-37.9%Operating margin⁸

-34.0%Net margin⁸

-0.6%Revenue growth, 2025⁸

-22.5%Return on equity⁸

-$5.6MFree cash flow⁸

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Maintenance brought in 42% of the revenue Aware, Inc. broke down this way in fiscal 2025.

Maintenance$8.7M⁸42%up 2% from 2024
License and Service$7.3M⁸35%down 4% from 2024
Subscription Based Contracts$4.5M⁸21%up 13% from 2024
Software as a Service$400.0K⁸2%up 300% from 2024

Products and services by year

Products and services	2024	2025
Maintenance	$8.6M	$8.7M
License and Service	$7.7M	$7.3M
Subscription Based Contracts	$4.0M	$4.5M
Software as a Service	$100.0K	$400.0K

Regions

United States brought in 49% of the revenue Aware, Inc. broke down this way in fiscal 2025.

United States$8.6M⁸49%up 13% from 2024
Rest of World$6.5M⁸38%up 29% from 2024
United Kingdoms$2.2M⁸13%down 53% from 2024

Regions by year

Regions	2024	2025
United States	$7.6M	$8.6M
Rest of World	$5.1M	$6.5M
United Kingdoms	$4.7M	$2.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

Research and developmentOther costs

Cost of revenue8¢$1.3M
Research and development48¢$8.3M
Other costs43¢$7.4M
Income tax1¢$257.0K

Out of $17.3M in revenue.⁸ The company lost money this year.

Financial statements

Revenue⁹¹⁰¹¹¹²¹³⁸$17.3M in 2025+42% since 2019

Operating income⁹¹⁰¹¹¹²¹³⁸-$6.6M in 2025+57% since 2019

Net income⁹¹⁰¹¹¹²¹³⁸-$5.9M in 2025−30% since 2019

Every line of the income statement in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31
Total revenue	$17.3M	$17.4M
Cost of revenue	$1.3M	$835.0K
Research and development	$8.3M	$7.8M
Selling and marketing	$7.3M	$7.7M
General and administrative	$6.9M	$6.7M
Total costs and expenses	$23.9M	$22.9M
Operating loss	-$6.6M	-$5.5M
Interest and other income	$941.0K	$1.2M
Loss before provision for income taxes	-$5.6M	-$4.4M
Provision for income taxes	$257.0K	$53.0K
Net loss	-$5.9M	-$4.4M
Unrealized (loss) gain on available for sale securities	-$23.0K	$56.0K
Comprehensive loss	-$5.9M	-$4.4M
Net loss per share - basic	-$0.28	-$0.21
Net loss per share - diluted	-$0.28	-$0.21
Weighted-average shares - basic	21.2M shares	21.1M shares
Weighted-average shares - diluted	21.2M shares	21.1M shares

Total assets⁹¹⁰¹¹¹²¹³⁸$37.2M in 2025−35% since 2019

Shareholders’ equity¹⁰¹¹¹²¹³⁸$26.1M in 2025−51% since 2019

Cash¹⁰¹¹¹²¹³⁸$7.3M in 2025−85% since 2019

Every line of the balance sheet in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31	2023-12-31
Cash and cash equivalents	$7.3M	$13.0M
Marketable securities	$15.0M	$14.8M
Accounts receivable, net	$3.0M	$2.9M
Unbilled receivables, net	$1.3M	$1.1M	$1.4M
Prepaid expenses and other current assets	$1.6M	$1.2M
Total current assets	$28.3M	$33.0M
Property and equipment, net	$477.0K	$477.0K
Intangible assets, net	$1.6M	$2.0M
Goodwill	$3.1M	$3.1M
Right of use asset, net	$3.6M	$4.0M
Other long-term assets	$122.0K	$122.0K
Total assets	$37.2M	$42.6M
Accounts payable	$1.0M	$894.0K
Accrued expenses	$930.0K	$1.4M
Current portion operating lease liabilities	$676.0K	$656.0K
Deferred revenue	$4.9M	$4.9M
Total current liabilities	$7.5M	$7.9M
Long-term deferred revenue	$261.0K	$296.0K
Long-term operating lease liabilities	$3.3M	$3.6M
Total long-term liabilities	$3.6M	$3.9M
Common stock, $.01 par value; 70,000,000 shares authorized; 21,444,665 and 21,096,580 shares issued and outstanding as of December 31, 2025 and 2024, respectively	$215.0K	$211.0K
Additional paid-in capital	$101.5M	$100.4M
Accumulated deficit	-$75.8M	-$69.9M
Accumulated other comprehensive income	$228.0K	$251.0K
Total stockholders equity	$26.1M	$30.9M	$34.3M
Total liabilities and stockholders equity	$37.2M	$42.6M
Preferred stock, par value (in dollars per share)	$1.00	$1.00
Preferred stock, shares authorized	1.0M shares	1.0M shares
Preferred stock, shares outstanding	0 shares	0 shares
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	70.0M shares	70.0M shares
Common stock, shares issued	21.4M shares	21.1M shares
Common stock, shares outstanding	21.4M shares	21.1M shares

Cash from operations⁹¹⁰¹¹¹²¹³⁸-$5.4M in 2025+83% since 2019

Capital spending⁹¹⁰¹¹¹²¹³⁸$165.0K in 2025+49% since 2019

Free cash flow⁹¹⁰¹¹¹²¹³⁸-$5.6M in 2025+82% since 2019

Dividends paid⁸$0 in 2025

Share buybacks⁹¹⁰¹²¹³⁸$115.0K in 2025−85% since 2019

Every line of the cash flow in the latest annual report, as filed.⁸

Period ending	2025-12-31	2024-12-31
Net loss	-$5.9M	-$4.4M
Depreciation and amortization	$572.0K	$562.0K
Stock-based compensation	$1.2M	$1.1M
Non-cash lease expense	$46.0K	$66.0K
Loss on write-off of note receivable	$224.0K	$0
Credit (recoveries) losses, net	-$14.0K	$74.0K
Accounts receivable	-$74.0K	-$542.0K
Unbilled receivables	-$268.0K	$321.0K
Prepaid expenses and other current assets	-$776.0K	-$253.0K
Tax receivable	$12.0K	-$68.0K
Accounts payable	$151.0K	$614.0K
Accrued expenses	-$517.0K	-$261.0K
Deferred revenue	-$49.0K	-$375.0K
Net cash used in operating activities	-$5.4M	-$3.2M
Purchases of property and equipment	-$165.0K	-$45.0K
Purchases of marketable securities	-$7.4M	-$5.1M
Sale of marketable securities	$7.2M	$11.5M
Net cash (used in) provided by investing activities	-$274.0K	$6.3M
Proceeds from sale of common stock	$87.0K	$74.0K
Payments made for taxes of employees who surrendered shares related to unrestricted stock	-$3.0K	-$26.0K
Repurchase of common stock	-$115.0K	-$207.0K
Net cash used in financing activities	-$31.0K	-$159.0K
(Decrase) increase in cash and cash equivalents	-$5.7M	$3.0M
Cash paid for income taxes	$75.0K	$172.0K

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The story

Aware was incorporated in 1986 in Cambridge, Massachusetts at which time it was envisioned by its founders as a "mathematical engineering company".

Aware went public in 1996 to commercialize its DSL products and intellectual property, at which time it also had an established business supplying biometrics software for law enforcement applications.

Between 2009 and 2012, Aware divested several assets unrelated to its current business.

As of 2019, Aware is focused exclusively on providing biometrics software and services. Its products apply fingerprint recognition, face recognition, iris recognition, and speaker recognition for applications including multi-factor authentication and biometric identification.

From Wikipedia’s article on Aware, Inc., shared under CC BY-SA 4.0.⁶

Timeline

Aug 14, 1996Went public Listed on NASDAQ¹
1986Founded Founded¹

Recent filings

Sep 24, 20264
Aug 12, 20264
Aug 7, 20264
Aug 4, 20264
Jul 31, 202610-Q
Jul 29, 20268-K
Jul 29, 20264
Jul 24, 20263
Jul 21, 20268-K
Jul 2, 20264
Jul 2, 20264
Jul 2, 20264
Jul 2, 20264
Jul 2, 20264
Jun 16, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.²

Sources

The numbers on this page point here. Each one links to the record it came from.

1
WikidataAware, Inc. on Wikidata
2
SEC EDGARAware, Inc. filings on SEC EDGAR
3
WikipediaAware, Inc. on Wikipedia
4
Wikimedia CommonsAware, Inc. logo by ToyFJ, CC BY-SA 4.0
5
SEC EDGARAware, Inc. filings on SEC EDGAR
6
WikipediaAware, Inc. on Wikipedia (revision used)
7
Wikimedia CommonsAware, Inc. photo by ToyFJ, CC BY-SA 4.0
8
SEC EDGARAware, Inc. 10-K for fiscal 2025
9
SEC EDGARAware, Inc. 10-K for fiscal 2019
10
SEC EDGARAware, Inc. 10-K for fiscal 2020
11
SEC EDGARAware, Inc. 10-K for fiscal 2021
12
SEC EDGARAware, Inc. 10-K for fiscal 2022
13
SEC EDGARAware, Inc. 10-K for fiscal 2023
14
SEC EDGARAware, Inc. 10-Q for fiscal 2026
15
SEC EDGARAware, Inc. 10-Q for fiscal 2026