Revenue
$17.29M
Fiscal year ended 2025-12-31Operating income
-$6.56M
Fiscal year ended 2025-12-31Free cash flow
-$5.56M
Fiscal year ended 2025-12-31AWARE INC /MA/ (AWRE) reported revenue of $17.29M and net income of -$5.87M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from AWARE INC /MA/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Prepackaged Software.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.29M | $17.39M | $18.24M | $16.01M | $16.85M | $11.31M | $12.20M | $16.13M | $15.46M | $21.57M |
| Cost of revenue | $1.32M | $835.00K | $1.27M | $1.26M | $1.21M | $810.00K | $1.26M | Unavailable | Unavailable | $234.00K |
| Gross profit | $15.97M | $16.55M | $16.97M | $14.75M | $15.64M | $10.50M | $10.94M | Unavailable | Unavailable | $21.33M |
| Operating income | -$6.56M | -$5.54M | -$8.54M | -$2.22M | -$6.10M | -$9.42M | -$4.18M | $381.00K | $1.11M | $5.91M |
| Net income | -$5.87M | -$4.43M | -$7.31M | -$1.73M | -$5.82M | -$7.61M | -$8.34M | $1.23M | $1.00M | $4.10M |
| Research & development | $8.30M | $7.76M | $9.12M | $9.23M | $9.26M | $9.09M | $7.93M | $7.10M | $7.77M | $6.94M |
| Weighted-average diluted shares | shares 21.18M | shares 21.14M | shares 21.01M | shares 21.60M | shares 21.52M | shares 21.47M | shares 21.52M | shares 21.60M | Unavailable | shares 22.90M |
| Pretax income | -$5.62M | -$4.38M | -$7.26M | -$1.68M | -$6.09M | -$9.25M | -$3.13M | $1.22M | $1.54M | $6.19M |
| Income tax expense | $257.00K | $53.00K | $59.00K | $49.00K | -$269.00K | -$1.63M | $5.21M | -$8.00K | $543.00K | $2.08M |
| Diluted EPS | $-0.28 | $-0.21 | $-0.35 | $-0.08 | $-0.27 | $-0.35 | $-0.39 | $0.06 | $0.05 | $0.18 |
| Selling, general & administrative | $14.23M | $14.34M | $14.50M | $13.51M | $12.48M | $10.83M | $7.19M | $7.47M | $7.30M | $7.43M |
| General & administrative | $6.90M | $6.66M | $6.55M | $6.55M | $6.16M | $5.42M | $3.58M | $3.30M | $3.39M | $3.29M |
| Selling & marketing | $7.33M | $7.68M | $7.96M | $6.96M | $6.32M | $5.41M | $3.61M | $4.18M | $3.91M | $4.14M |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.27M | $12.97M | $10.00M | $11.75M | $29.96M | $38.56M | $47.74M | $51.61M | $51.61M | $51.91M |
| Total assets | $37.20M | $42.64M | $46.30M | $51.19M | $48.37M | $51.63M | $57.56M | $66.44M | $65.04M | $61.98M |
| Current assets | $28.26M | $32.98M | $35.82M | $37.28M | $38.82M | $43.66M | $53.80M | $57.18M | $55.64M | $55.20M |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $7.50M | $7.86M | $7.55M | $5.80M | $5.74M | $5.87M | $4.06M | $4.47M | $4.37M | $3.93M |
| Total equity incl. NCI | $26.14M | $30.90M | $34.30M | $40.21M | $41.52M | $45.67M | $53.44M | $61.90M | $60.53M | $59.00M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $3.01M | $2.92M | $2.45M | $3.32M | $3.76M | $2.28M | $2.49M | $2.01M | $2.39M | $3.02M |
| Goodwill | $3.12M | $3.12M | $3.12M | $3.12M | $3.12M | $1.65M | $0 | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $1.04M | $894.00K | $280.00K | $639.00K | $283.00K | $494.00K | $187.00K | $126.00K | $166.00K | $135.00K |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.40M | -$3.16M | $1.82M | -$5.04M | -$6.23M | -$5.27M | -$2.94M | $660.00K | $3.67M | $3.81M |
| Capital expenditures | $165.00K | $45.00K | $16.00K | $730.00K | $27.00K | $484.00K | $111.00K | $206.00K | $82.00K | $87.00K |
| Investing cash flow | -$274.00K | $6.29M | -$3.14M | -$11.99M | -$2.48M | -$2.91M | -$111.00K | -$206.00K | $937.00K | -$87.00K |
| Financing cash flow | -$31.00K | -$159.00K | -$426.00K | -$1.18M | $109.00K | -$989.00K | -$814.00K | -$450.00K | -$4.91M | -$3.05M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $4.00K | -$305.00K | $681.00K |
| Stock-based compensation | $1.17M | $1.13M | $1.52M | $1.71M | $1.57M | $838.00K | $692.00K | $580.00K | $663.00K | $558.00K |
| Common dividends paid | $0 | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $115.00K | $207.00K | $506.00K | $1.31M | Unavailable | $946.00K | $765.00K | $393.00K | $4.80M | $3.66M |
| Depreciation & amortization | $572.00K | $562.00K | $578.00K | $760.00K | $687.00K | $561.00K | $441.00K | $443.00K | $519.00K | $622.00K |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$5.56M | -$3.21M | $1.81M | -$5.77M | -$6.26M | -$5.76M | -$3.06M | $454.00K | $3.59M | Unavailable |
| Gross margin | 92.3% | 95.2% | 93.0% | 92.1% | 92.8% | 92.8% | 89.7% | Unavailable | Unavailable | 98.9% |
| Operating margin | -37.9% | -31.9% | -46.8% | -13.8% | -36.2% | -83.3% | -34.2% | 2.4% | 7.2% | 27.4% |
| FCF margin | -32.2% | -18.4% | 9.9% | -36.1% | -37.1% | -50.9% | -25.0% | 2.8% | 23.2% | Unavailable |
| SBC / revenue | 6.8% | 6.5% | 8.4% | 10.7% | 9.3% | 7.4% | 5.7% | 3.6% | 4.3% | 2.6% |
| Current ratio | 3.77x | 4.19x | 4.75x | 6.43x | 6.76x | 7.44x | 13.25x | 12.80x | 12.72x | 14.04x |
| Revenue YoY growth | -0.6% | -4.7% | 14.0% | -5.0% | 49.0% | -7.3% | -24.3% | 4.3% | -28.3% | Unavailable |
| Net margin | -34.0% | -25.5% | -40.1% | -10.8% | -34.6% | -67.3% | -68.3% | 7.6% | 6.5% | 19.0% |
| R&D / revenue | 48.0% | 44.6% | 50.0% | 57.7% | 54.9% | 80.4% | 65.0% | 44.0% | 50.2% | 32.2% |
| CapEx / revenue | 1.0% | 0.3% | 0.1% | 4.6% | 0.2% | 4.3% | 0.9% | 1.3% | 0.5% | 0.4% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | -0.7% | 35.2% | 33.7% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open AWRE in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-03-06View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-02View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.