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
$3.6M
Gross Profit
$3.4M
Operating Profit
$-1.9M
Net Profit
$-1.6M
Gross Margin
93.2%
Operating Margin
-51.3%
Net Margin
-44.3%
YoY Growth
-18.4%
EPS
$-0.08
AWARE INC Q1 FY2025 Financial Summary
AWARE INC reported revenue of $3.6M (down 18.4% YoY) for Q1 FY2025, with a net profit of $-1.6M (down 62.7% YoY) (-44.3% margin). Cost of goods sold was $245.0K, operating expenses totaled $5.2M.
Key Financial Metrics
| Total Revenue | $3.6M |
|---|---|
| Net Profit | $-1.6M |
| Gross Margin | 93.2% |
| Operating Margin | -51.3% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
AWARE INC Q1 FY2025 revenue of $3.6M breaks down across 3 segments, led by Maintenance at $2.2M (59.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Maintenance | $2.2M | 59.7% |
| License And Service | $1.3M | 36.5% |
| Other | $139.0K | 3.9% |
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 Maintenance and License And Service) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Maintenance | — | — | — | $2.2M |
| License And Service | — | $2.1M | — | $1.4M |
| 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 |