AWARE INC /MA/
Business
Aware, Inc. is a biometric identification company that validates and secures identities using physiological biometrics to enable authentication and identity management for government and commercial customers. It offers software products and services including enrollment, identification, authentication, lifecycle management, SDKs and APIs, integrated platforms (AwareABIS, AFIX, BioSP, WebEnroll), AwareID SaaS, imaging products (JPEG2000), and program management and engineering services. Its key business segments include integrated frameworks and platforms, building-block SDKs and applications, imaging products, software maintenance, and professional services. Aware sells its solutions globally via partner channels, system integrators, OEMs, VARs, and direct sales to government and enterprise customers, with offerings delivered as on-premises licenses or cloud/SaaS subscriptions.
Summary from filing dated 2025-03-13
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 17 | 17 | 18 | 16 | 17 | |
| Cost of revenue | 1 | 835,000 | 1 | 1 | 1 | |
| Research and development | 8 | 8 | 9 | 9 | 9 | |
| Selling and marketing | 7 | 8 | 8 | 7 | 6 | |
| General and administrative | 7 | 7 | 7 | 7 | 6 | |
| Total costs and expenses | 24 | 23 | 27 | 18 | 23 | |
| Operating loss | −7 | −6 | −9 | −2 | −6 | |
| Interest and other income | 941,000 | 1 | 1 | 540,000 | 4,000 | |
| Loss before provision for income taxes | −6 | −4 | −7 | −2 | −6 | |
| Provision for income taxes | 300,000 | 53,000 | 59,000 | 49,000 | −300,000 | |
| Net loss | −6 | −4 | −7 | −2 | −6 | |
| Unrealized (loss) gain on available for sale securities | −23,000 | 56,000 | 305,000 | −110,000 | — | |
| Comprehensive loss | −6 | −4 | −7 | −2 | −6 | |
| Net loss per share - basic | −0.28 | −0.21 | −0.35 | −0.08 | −0.27 | |
| Net loss per share - diluted | −0.28 | −0.21 | −0.35 | −0.08 | −0.27 | |
| Weighted-average shares - basic | 21 | 21 | 21 | 22 | 22 | |
| Weighted-average shares - diluted | 21 | 21 | 21 | 22 | 22 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 13 | 10 | 12 | 30 | |
| Marketable securities | 15 | 15 | 21 | 17 | — | |
| Accounts receivable, net | 3 | 3 | 2 | 3 | 4 | |
| Unbilled receivables, net | 1 | 1 | 1 | 3 | 3 | |
| Prepaid expenses and other current assets | 2 | 1 | 1 | 693,000 | 591,000 | |
| Total current assets | 28 | 33 | 36 | 37 | 39 | |
| Property and equipment, net | 477,000 | 477,000 | 579,000 | 726,000 | 3 | |
| Intangible assets, net | 2 | 2 | 2 | 3 | 3 | |
| Goodwill | 3 | 3 | 3 | 3 | 3 | |
| Right of use asset, net | 4 | 4 | 4 | 5 | — | |
| Other long-term assets | 122,000 | 122,000 | 122,000 | 122,000 | — | |
| Total assets | 37 | 43 | 46 | 51 | 48 | |
| Accounts payable | 1 | 894,000 | 280,000 | 639,000 | 283,000 | |
| Accrued expenses | 930,000 | 1 | 2 | 1 | 2 | |
| Current portion operating lease liabilities | 676,000 | 656,000 | 637,000 | 470,000 | — | |
| Deferred revenue | 5 | 5 | 5 | 3 | 4 | |
| Total current liabilities | 8 | 8 | 8 | 6 | 6 | |
| Long-term deferred revenue | 261,000 | 296,000 | 611,000 | 322,000 | 191,000 | |
| Long-term operating lease liabilities | 3 | 4 | 4 | 4 | — | |
| Total long-term liabilities | 4 | 4 | 4 | 5 | 1 | |
| Commitments and contingent liabilities (Note 10) | — | — | — | — | — | |
| Preferred stock, $1.00 par value; 1,000,000 shares authorized, none outstanding | — | — | 0 | 0 | 0 | |
| Common stock, $.01 par value; 70,000,000 shares authorized; 21,444,665 and 21,096,580 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 215,000 | 211,000 | 210,000 | 211,000 | 216,000 | |
| Additional paid-in capital | 102 | 100 | 99 | 98 | 98 | |
| Accumulated deficit | −76 | −70 | −66 | −58 | −56 | |
| Accumulated other comprehensive income | 228,000 | 251,000 | 195,000 | −110,000 | — | |
| Total stockholders equity | 26 | 31 | 34 | 40 | 42 | |
| Total liabilities and stockholders equity | 37 | 43 | 46 | 51 | 48 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 572,000 | 562,000 | 578,000 | 760,000 | 687,000 | |
| Stock-based compensation | 1 | 1 | 2 | 2 | 2 | |
| Non-cash lease expense | 46,000 | 66,000 | 237,000 | 128,000 | — | |
| Loss on write-off of note receivable | 224,000 | 0 | — | — | — | |
| Credit (recoveries) losses, net | −14,000 | 74,000 | −15,000 | 344,000 | −64,000 | |
| Accounts receivable | −74,000 | −542,000 | 648,000 | 332,000 | −1 | |
| Unbilled receivables | −268,000 | 321,000 | 2 | −71,000 | −837,000 | |
| Prepaid expenses and other current assets | −776,000 | −253,000 | −613,000 | −406,000 | −9,000 | |
| Tax receivable | 12,000 | −68,000 | 1 | 49,000 | −13,000 | |
| Accounts payable | 151,000 | 614,000 | −359,000 | 356,000 | −249,000 | |
| Accrued expenses | −517,000 | −261,000 | 422,000 | −628,000 | 380,000 | |
| Deferred revenue | −49,000 | −375,000 | 2 | −7,000 | −193,000 | |
| Net cash used in operating activities | −5 | −3 | 2 | −5 | −6 | |
| Purchases of property and equipment | −165,000 | −45,000 | −16,000 | −730,000 | −27,000 | |
| Purchases of marketable securities | −7 | −5 | −9 | −19 | — | |
| Sale of marketable securities | 7 | 11 | 6 | 1 | — | |
| Net cash (used in) provided by investing activities | −274,000 | 6 | −3 | −12 | −2 | |
| Proceeds from sale of common stock | 87,000 | 74,000 | 96,000 | 154,000 | 163,000 | |
| Payments made for taxes of employees who surrendered shares related to unrestricted stock | −3,000 | −26,000 | −16,000 | −26,000 | −54,000 | |
| Repurchase of common stock | −115,000 | −207,000 | −506,000 | −1 | — | |
| Net cash used in financing activities | −31,000 | −159,000 | −426,000 | −1 | 109,000 | |
| (Decrase) increase in cash and cash equivalents | −6 | 3 | −2 | −18 | −9 | |
| Cash paid for income taxes | 75,000 | 172,000 | 136,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AWARE INC /MA/'s CIK number?
AWARE INC /MA/'s SEC CIK number is 0001015739 (1015739). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AWARE INC /MA/'s SEC filings?
All of AWARE INC /MA/'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AWARE INC /MA/ last report earnings?
AWARE INC /MA/ (AWRE) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-191549). This is AWARE INC /MA/'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AWARE INC /MA/'s most recent earnings 8-K?
AWARE INC /MA/'s latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0001193125-26-191549. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AWARE INC /MA/'s latest earnings 8-K →
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