Aware Inc (AWRE) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Aware reported revenue of $17.3M, down 0.6% from $17.4M the year before. Net income was -$5.9M (a -34.0% net margin), or -$0.28 per diluted share. Gross margin was 92.3% and operating margin was -37.9%. Operating activities generated -$5.4M of cash, leaving -$5.6M of free cash flow. At fiscal year end, Aware held $37.2M in total assets against $11.1M in total liabilities, including $7.3M of cash and equivalents.
Open the full interactive Aware financials → Quarterly statements, key ratios, valuation history and price charts.
Aware Key Stats
| Share Price | $0.96 |
|---|---|
| Market Cap | $20.8M |
| Revenue YoY Growth | -0.5% |
| 52-Week Range | $0.96 – $2.53 |
| Shares Outstanding | 21.7 million (basic, 2026 Q2) |
Aware Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $11.3M | $16.9M | $16.0M | $18.2M | $17.4M | $17.3M |
| Cost of Goods Sold | $810,000 | $1.2M | $1.3M | $1.3M | $1.1M | $1.3M |
| Gross Profit | $10.5M | $15.6M | $14.7M | $17.0M | $16.3M | $16.0M |
| Operating Income | -$9.4M | -$6.1M | -$2.2M | -$8.5M | -$5.5M | -$6.6M |
| Pre-Tax Income | -$9.2M | -$6.1M | -$1.7M | -$7.3M | -$4.4M | -$5.6M |
| Income Tax | -$1.6M | -$269,000 | $49,000 | $59,000 | $53,000 | $257,000 |
| Net Income | -$7.6M | -$5.8M | -$1.7M | -$7.3M | -$4.4M | -$5.9M |
| Diluted EPS | -$0.35 | -$0.27 | -$0.08 | -$0.35 | -$0.21 | -$0.28 |
Aware Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $5.1M | $4.7M | $3.4M | $3.3M |
| Net Income | -$1.1M | -$1.5M | -$3.5M | -$2.6M |
| Diluted EPS | -$0.05 | -$0.07 | -$0.16 | -$0.12 |
Aware Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $38.6M | $30.0M | $11.7M | $10.0M | $13.0M | $7.3M |
| Current Assets | $43.7M | $38.8M | $37.3M | $35.8M | $33.0M | $28.3M |
| Total Assets | $51.6M | $48.4M | $51.2M | $46.3M | $42.6M | $37.2M |
| Current Liabilities | $5.9M | $5.7M | $5.8M | $7.5M | $7.9M | $7.5M |
| Total Liabilities | $6.0M | $6.9M | $11.0M | $12.0M | $11.7M | $11.1M |
| Shareholders' Equity | $45.7M | $41.5M | $40.2M | $34.3M | $30.9M | $26.1M |
Aware Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$5.3M | -$6.2M | -$5.0M | $1.8M | -$3.2M | -$5.4M |
| Cash From Investing | -$2.9M | -$2.5M | -$12.0M | -$3.1M | $6.3M | -$274,000 |
| Cash From Financing | -$989,000 | $109,000 | -$1.2M | -$426,000 | -$159,000 | -$31,000 |
| Free Cash Flow | -$5.8M | -$6.3M | -$5.8M | $1.8M | -$3.2M | -$5.6M |
| Dividends Paid | — | — | — | — | — | $0 |
Figures from Aware's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Aware financials page for every line item.
Aware Company Profile
| Ticker | AWRE |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Burlington, Massachusetts |
| Incorporated in | Massachusetts |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001015739 |
Frequently Asked Questions
What was Aware's revenue in fiscal 2025?
Aware (AWRE) reported revenue of $17.3M for fiscal 2025.
What is Aware's annual revenue history?
Aware's annual revenue by fiscal year: 2020: $11.3M; 2021: $16.9M; 2022: $16.0M; 2023: $18.2M; 2024: $17.4M; 2025: $17.3M.
What was Aware's net income in fiscal 2025?
Aware reported net income of -$5.9M for fiscal 2025.
What was Aware's earnings per share (EPS) in fiscal 2025?
Aware's diluted EPS was -$0.28 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Aware generate in fiscal 2025?
Aware generated -$5.6M of free cash flow in fiscal 2025.
What was Aware's revenue last quarter?
In its most recent reported quarter (2026 Q2), Aware reported revenue of $3.3M.
How many shares of Aware are outstanding?
Aware reported a weighted average of 21.7 million basic shares outstanding in 2026 Q2.
What is Aware's market cap?
Based on its latest closing price, Aware (AWRE) has a market capitalization of about $20.8M.
When does Aware's fiscal year end?
Aware's fiscal year end, as registered with the SEC, is December 31.
Where is Aware headquartered?
Aware lists its business address in Burlington, Massachusetts in its SEC filings.