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Side-by-side financial comparison of AWARE INC (AWRE) and SMITH MICRO SOFTWARE, INC. (SMSI). Click either name above to swap in a different company.
SMITH MICRO SOFTWARE, INC. is the larger business by last-quarter revenue ($4.0M vs $3.4M, roughly 1.2× AWARE INC). On growth, AWARE INC posted the faster year-over-year revenue change (-6.2% vs -20.0%). Over the past eight quarters, AWARE INC's revenue compounded faster (-11.5% CAGR vs -17.2%).
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.
Smith Micro Software, Inc., founded in 1982 by William W. Smith, Jr., is a developer and marketer of both enterprise and consumer-level software and services. Headquartered in Pittsburgh, Pennsylvania, Smith Micro maintains multiple domestic and international offices. United States locations include Aliso Viejo, California, and Pittsburgh, Pennsylvania. International offices are located throughout Europe and Asia. Currently, the company focuses on digital lifestyle solutions and security tech...
AWRE vs SMSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.4M | $4.0M |
| Net Profit | — | — |
| Gross Margin | 90.1% | 76.4% |
| Operating Margin | -107.8% | -109.8% |
| Net Margin | — | — |
| Revenue YoY | -6.2% | -20.0% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $3.4M | — | ||
| Q4 25 | $4.7M | $4.0M | ||
| Q3 25 | $5.1M | $4.3M | ||
| Q2 25 | $3.9M | $4.4M | ||
| Q1 25 | $3.6M | $4.6M | ||
| Q4 24 | $4.8M | $5.0M | ||
| Q3 24 | $3.8M | $4.6M | ||
| Q2 24 | $4.3M | $5.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-1.5M | — | ||
| Q3 25 | $-1.1M | $-4.5M | ||
| Q2 25 | $-1.8M | $-15.1M | ||
| Q1 25 | $-1.6M | $-5.2M | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $-1.2M | $-6.4M | ||
| Q2 24 | $-1.1M | $-6.9M |
| Q1 26 | 90.1% | — | ||
| Q4 25 | 94.7% | 76.4% | ||
| Q3 25 | 90.4% | 73.9% | ||
| Q2 25 | 91.3% | 73.5% | ||
| Q1 25 | 93.2% | 72.8% | ||
| Q4 24 | 99.6% | 75.6% | ||
| Q3 24 | 93.0% | 71.6% | ||
| Q2 24 | 93.8% | 68.7% |
| Q1 26 | -107.8% | — | ||
| Q4 25 | -31.1% | -109.8% | ||
| Q3 25 | -25.2% | -103.2% | ||
| Q2 25 | -50.3% | -338.3% | ||
| Q1 25 | -51.3% | -112.7% | ||
| Q4 24 | -30.7% | -89.7% | ||
| Q3 24 | -38.1% | -140.0% | ||
| Q2 24 | -31.0% | -135.8% |
| Q1 26 | — | — | ||
| Q4 25 | -31.2% | — | ||
| Q3 25 | -20.5% | -104.3% | ||
| Q2 25 | -45.4% | -340.8% | ||
| Q1 25 | -44.3% | -112.1% | ||
| Q4 24 | -24.8% | — | ||
| Q3 24 | -30.3% | -137.0% | ||
| Q2 24 | -25.2% | -134.8% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.07 | $-0.15 | ||
| Q3 25 | $-0.05 | $-0.25 | ||
| Q2 25 | $-0.08 | $-0.78 | ||
| Q1 25 | $-0.08 | $-0.28 | ||
| Q4 24 | $-0.05 | $0.54 | ||
| Q3 24 | $-0.06 | $-0.54 | ||
| Q2 24 | $-0.05 | $-0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.6M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $18.4M |
| Total Assets | $33.2M | $25.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.6M | — | ||
| Q4 25 | $7.3M | $1.5M | ||
| Q3 25 | $6.3M | $1.4M | ||
| Q2 25 | $7.3M | $1.4M | ||
| Q1 25 | $8.5M | $2.3M | ||
| Q4 24 | $13.0M | $2.8M | ||
| Q3 24 | $11.2M | $1.5M | ||
| Q2 24 | $11.5M | $5.6M |
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $18.4M | ||
| Q3 25 | $27.2M | $19.9M | ||
| Q2 25 | $28.1M | $22.4M | ||
| Q1 25 | $29.5M | $36.6M | ||
| Q4 24 | $30.9M | $40.8M | ||
| Q3 24 | $31.9M | $37.7M | ||
| Q2 24 | $32.6M | $42.9M |
| Q1 26 | $33.2M | — | ||
| Q4 25 | $37.2M | $25.0M | ||
| Q3 25 | $40.3M | $27.1M | ||
| Q2 25 | $38.1M | $29.6M | ||
| Q1 25 | $39.9M | $43.4M | ||
| Q4 24 | $42.6M | $48.0M | ||
| Q3 24 | $43.7M | $46.2M | ||
| Q2 24 | $43.2M | $53.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-2.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0M | $-2.2M | ||
| Q3 25 | $-2.4M | $-2.1M | ||
| Q2 25 | $-1.2M | $-2.3M | ||
| Q1 25 | $-2.9M | $-602.0K | ||
| Q4 24 | $683.0K | $-4.9M | ||
| Q3 24 | $-765.0K | $-3.8M | ||
| Q2 24 | $-668.0K | $-4.2M |
| Q1 26 | — | — | ||
| Q4 25 | $926.0K | — | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | — | ||
| Q1 25 | $-3.0M | $-606.0K | ||
| Q4 24 | — | $-4.9M | ||
| Q3 24 | — | $-3.8M | ||
| Q2 24 | — | $-4.2M |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | — | -49.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | -82.7% | -13.1% | ||
| Q4 24 | — | -99.2% | ||
| Q3 24 | — | -82.2% | ||
| Q2 24 | — | -82.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | — | ||
| Q3 25 | 0.0% | 0.5% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 1.2% | 0.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.0% | 0.1% | ||
| Q2 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWRE
Segment breakdown not available.
SMSI
| Family Safety | $3.2M | 80% |
| Other | $797.0K | 20% |
