Aware, Inc. (AWRE) Income Statement
AWRE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAWRE revenue and net income
Where AWRE's revenue goes
2025Each bar shows an amount and its share of revenue. AWRE kept −34.0% of revenue as net income.
AWRE profit margins
AWRE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.6% | +2.6% | +8.9% | −1.3% |
| Gross profit | −1.8% | +2.7% | +8.8% | −0.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AWRE quarterly EPS vs estimates
Aware beat the analyst EPS estimate in 0 of the last 2 quarters. Next report: October 28, 2026.
AWRE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.3M | $17.4M | $18.2M | $16.0M | $16.9M | $11.3M | $12.2M | $16.1M | $16.3M | $21.6M |
| Cost of revenue | $1.3M | $1.1M | $1.3M | $1.3M | $1.2M | $810,000 | $1.3M | $1.2M | $875,000 | $2.1M |
| Gross profit | $16.0M | $16.3M | $17.0M | $14.7M | $15.6M | $10.5M | $10.9M | $14.9M | $15.4M | $19.5M |
| Research & development | $8.3M | $7.8M | $9.1M | $9.2M | $9.3M | $9.1M | $7.9M | $7.1M | $7.8M | $6.9M |
| Sales, general & admin | $14.2M | $14.0M | $14.5M | $6.5M | $12.5M | $10.8M | $7.2M | $7.5M | $7.4M | $7.4M |
| Total operating expenses | $22.5M | $21.8M | $25.5M | $17.0M | $21.7M | $19.9M | $15.1M | $14.6M | $15.2M | $14.4M |
| Operating income | −$6.6M | −$5.5M | −$8.5M | −$2.2M | −$6.1M | −$9.4M | −$4.2M | $381,000 | $1.8M | $5.9M |
| Interest income | $941,000 | $1.2M | $1.3M | $540,000 | $4,000 | $176,000 | $1.0M | $844,000 | $401,000 | $280,000 |
| Interest expense | — | — | — | $12.6M | $691,000 | $737,000 | $1.5M | $844,000 | $401,000 | $280,000 |
| Income before taxes | −$5.6M | −$4.4M | −$7.3M | −$1.7M | −$6.1M | −$9.2M | −$3.1M | $1.2M | $2.2M | $6.2M |
| Income taxes | $257,000 | $53,000 | $59,000 | $49,000 | −$269,000 | −$1.6M | $5.2M | −$8,000 | $965,000 | $2.1M |
| Net income | −$5.9M | −$4.4M | −$7.3M | −$1.7M | −$5.8M | −$7.6M | −$8.3M | $1.2M | $1.3M | $4.1M |
| EBITDA | −$5.0M | −$3.8M | −$6.1M | −$7.2M | −$5.4M | −$8.9M | −$3.7M | $824,000 | $1.6M | $6.5M |
| EPS (diluted) | −$0.27 | −$0.21 | −$0.35 | −$0.08 | −$0.27 | −$0.36 | −$0.39 | $0.06 | $0.07 | $0.16 |
| Gross margin | 92.3% | 93.5% | 93.0% | 92.1% | 92.8% | 92.8% | 89.7% | 92.3% | 94.6% | 90.3% |
| Operating margin | −37.9% | −31.9% | −46.8% | −13.8% | −36.2% | −83.3% | −34.2% | 2.4% | 11.1% | 27.4% |
| Net margin | −34.0% | −25.5% | −40.1% | −10.8% | −34.6% | −67.3% | −68.3% | 7.6% | 7.9% | 19.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M | $3.4M | $4.7M | $5.1M | $3.9M | $3.6M | $4.8M | $3.8M | $4.3M | $4.4M | $4.4M | $6.4M |
| Cost of revenue | $520,000 | $334,000 | $248,000 | $491,000 | $339,000 | $245,000 | $315,000 | $270,000 | $270,000 | $315,000 | $240,000 | $410,000 |
| Gross profit | $2.7M | $3.1M | $4.4M | $4.6M | $3.6M | $3.4M | $4.5M | $3.6M | $4.1M | $4.1M | $4.1M | $6.0M |
| Research & development | $2.5M | $3.2M | $2.3M | $2.1M | $2.0M | $1.9M | $1.8M | $1.9M | $1.9M | $2.1M | $2.2M | $2.3M |
| Sales, general & admin | $2.9M | $3.5M | $3.6M | $3.8M | $3.6M | $3.3M | $4.1M | $3.2M | $3.5M | $3.2M | $3.7M | $1.6M |
| Total operating expenses | $5.5M | $6.7M | $5.9M | $5.9M | $5.5M | $5.2M | $6.0M | $5.0M | $5.4M | $5.4M | $8.6M | $5.2M |
| Operating income | −$2.7M | −$3.6M | −$1.5M | −$1.3M | −$2.0M | −$1.9M | −$1.5M | −$1.5M | −$1.3M | −$1.3M | −$4.5M | $747,000 |
| Interest income | — | $200,000 | $215,000 | $247,000 | $218,000 | $261,000 | $281,000 | $315,000 | $291,000 | $280,000 | $303,000 | $397,000 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $301,000 | — |
| Income before taxes | −$2.6M | −$3.5M | −$1.2M | −$1.0M | −$1.7M | −$1.6M | −$1.2M | −$1.2M | −$1.1M | −$982,000 | −$4.2M | $1.1M |
| Income taxes | $1,000 | $8,000 | $219,000 | $5,000 | $26,000 | $7,000 | −$1,000 | $15,000 | $39,000 | $95,724 | $59,000 | $415,000 |
| Net income | −$2.6M | −$3.5M | −$1.5M | −$1.1M | −$1.8M | −$1.6M | −$1.2M | −$1.2M | −$1.1M | −$982,000 | −$4.2M | $1.1M |
| EBITDA | −$2.4M | −$3.3M | −$1.1M | −$901,000 | −$1.6M | −$1.4M | −$1.1M | −$1.0M | −$1.2M | −$843,000 | −$1.6M | $74,000 |
| EPS (diluted) | −$0.12 | −$0.16 | −$0.07 | −$0.05 | −$0.08 | −$0.08 | −$0.06 | −$0.06 | −$0.05 | −$0.05 | −$0.20 | $0.05 |
| Gross margin | 84.0% | 90.1% | 94.7% | 90.4% | 91.3% | 93.2% | 93.4% | 93.0% | 93.8% | 92.9% | 94.5% | 93.6% |
| Operating margin | −84.2% | −107.8% | −31.1% | −25.2% | −50.3% | −51.3% | −30.7% | −38.1% | −31.0% | −28.5% | −102.5% | 11.7% |
| Net margin | −78.8% | −102.1% | −31.2% | −20.5% | −45.4% | −44.3% | −24.8% | −30.3% | −25.2% | −22.2% | −96.9% | 17.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AWRE's financial statements (latest annual report filed March 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AWRE financial results
In fiscal year 2025 (ended December 31, 2025), Aware reported revenue of $17.3 million, down 0.6% from the year before. It had a net loss of $5.9 million, a net profit margin of −34.0%. Diluted earnings per share came to −$0.27. Over five years revenue grew at an average rate of 8.9% a year.
See the AWRE stock overview for the latest quote and news, or the AWRE chart for price history and technical indicators.
AWRE income statement FAQ
What is Aware's annual revenue?
Aware reported total revenue of $17.3 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.6% from $17.4 million the previous year.
Is Aware profitable?
No. Aware reported a net loss of $5.9 million in fiscal 2025, a net profit margin of −34.0%; its operating margin was −37.9%.
What is Aware's gross margin?
Aware's gross margin was 92.3% in fiscal 2025: for every $100 of revenue, Aware kept $92 after the direct cost of its products and services.
How much does Aware spend on research and development?
Aware spent $8.3 million on research and development in fiscal 2025, 48.0% of revenue.
How fast is Aware growing?
Revenue grew 8.9% a year on average over the last five fiscal years, from $11.3 million to $17.3 million.
What are Aware's earnings per share?
Aware earned $-0.27 per diluted share in fiscal 2025, compared with $-0.21 a year earlier.
When will Aware report its next earnings?
Aware is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Aware's fiscal year end?
Aware's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 6, 2026.