AWARE INCAWREEarnings & Financial Report
AWARE Inc. is a technology firm specializing in biometric software and identity verification solutions. It develops fingerprint, facial, and iris recognition tools, serving government agencies, financial institutions, and enterprise clients primarily across North America and global regulated markets.
Revenue
$3.8M
Gross Profit
$3.6M
Operating Profit
$-1.5M
Net Profit
$-1.2M
Gross Margin
93.0%
Operating Margin
-38.1%
Net Margin
-30.3%
YoY Growth
-39.7%
EPS
$-0.06
AWARE INC Q3 FY2024 Financial Summary
AWARE INC reported revenue of $3.8M (down 39.7% YoY) for Q3 FY2024, with a net profit of $-1.2M (down 202.0% YoY) (-30.3% margin). Cost of goods sold was $270.0K, operating expenses totaled $5.0M.
Key Financial Metrics
| Total Revenue | $3.8M |
|---|---|
| Net Profit | $-1.2M |
| Gross Margin | 93.0% |
| Operating Margin | -38.1% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
AWARE INC Q3 FY2024 revenue of $3.8M breaks down across 2 segments, led by Transferred Over Time at $3.4M (88.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Transferred Over Time | $3.4M | 88.1% |
| Other | $459.0K | 11.9% |
AWARE INC Revenue by Segment — Quarterly Trend
AWARE INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Transferred Over Time and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Transferred Over Time | — | $1.2M | $3.0M | — |
| Other | — | $1.4M | — | $277.0K |
AWARE INC Annual Revenue by Year
AWARE INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $17.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $17.3M |
| 2024 | $17.4M |
| 2023 | $18.2M |
| 2022 | $16.0M |
AWARE INC Quarterly Revenue & Net Profit History
AWARE INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.4M | -6.2% | N/A | N/A |
| Q4 FY2025 | $4.7M | -2.8% | $-1.5M | -31.2% |
| Q3 FY2025 | $5.1M | +33.3% | $-1.1M | -20.5% |
| Q2 FY2025 | $3.9M | -9.9% | $-1.8M | -45.4% |
| Q1 FY2025 | $3.6M | -18.4% | $-1.6M | -44.3% |
| Q4 FY2024 | $4.8M | +9.7% | $-1.2M | -24.8% |
| Q3 FY2024 | $3.8M | -39.7% | $-1.2M | -30.3% |
| Q2 FY2024 | $4.3M | +35.7% | $-1.1M | -25.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3M | $3.8M | $4.8M | $3.6M | $3.9M | $5.1M | $4.7M | $3.4M |
| YoY Growth | 35.7% | -39.7% | 9.7% | -18.4% | -9.9% | 33.3% | -2.8% | -6.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $43.2M | $43.7M | $42.6M | $39.9M | $38.1M | $40.3M | $37.2M | $33.2M |
| Liabilities | $10.6M | $11.8M | $11.7M | $10.4M | $10.0M | $13.0M | $11.1M | N/A |
| Equity | $32.6M | $31.9M | $30.9M | $29.5M | $28.1M | $27.2M | $26.1M | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-668000 | $-765000 | $683000 | $-2.9M | $-1.2M | $-2.4M | $1.0M |