Valuation, from the filing
| Public float | $27.31M | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $1.26 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 1.6× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 1.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
43.2× earnings today, against a median of 69.0× across 3 years on record. Below its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2018-06-30 | $53.30M | 43.2× | |
| 2017-06-30 | $69.04M | 69.0× | |
| 2016-06-30 | $62.58B | 15252.6× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Prepackaged Software filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Gross margin | 92.3% | 99th | |
| Current ratio | 3.77x | 86th | |
| FCF margin | -32.2% | 15th | |
| R&D / revenue | 48.0% | 84th | |
| Revenue YoY growth | -0.6% | 24th | |
| Operating margin | -37.9% | 25th | |
| Net margin | -34.0% | 26th | |
| SBC / revenue | 6.8% | 27th | |
| CapEx / revenue | 1.0% | 55th |
AWARE INC /MA/ (AWRE) reported revenue of $15.72M and net income of -$8.27M for the fiscal year ended 2026-09-30. This page shows 1 annual period 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 | 2026-09-30 |
|---|---|
| Revenue | $15.72M |
| Cost of revenue | $1.76M |
| Gross profit | $13.96M |
| Operating income | -$8.78M |
| Net income | -$8.27M |
| Research & development | $10.34M |
| Weighted-average diluted shares | Unavailable |
| Pretax income | -$8.03M |
| Income tax expense | $233.00K |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $12.40M |
| General & administrative | $6.44M |
| Selling & marketing | $5.96M |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $2.43M |
| Total assets | $30.78M |
| Current assets | $22.53M |
| Total liabilities | Unavailable |
| Current liabilities | $7.50M |
| Total equity incl. NCI | $20.04M |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $4.36M |
| Goodwill | $3.12M |
| Long-term debt | Unavailable |
| Accounts payable | $1.04M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | -$5.83M |
| Capital expenditures | $120.00K |
| Investing cash flow | $1.86M |
| Financing cash flow | $98.00K |
| Net change in cash | Unavailable |
| Stock-based compensation | $1.11M |
| Common dividends paid | Unavailable |
| Common share repurchases | $0 |
| Depreciation & amortization | $559.00K |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | -$5.95M |
| Gross margin | 88.8% |
| Operating margin | -55.8% |
| FCF margin | -37.8% |
| SBC / revenue | 7.0% |
| Current ratio | 3.00x |
| Revenue YoY growth | -9.8% |
| Net margin | -52.6% |
| R&D / revenue | 65.8% |
| CapEx / revenue | 0.8% |
| Long-term debt / equity | Unavailable |
| Effective tax rate | Unavailable |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.