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6Apr 29, 2026·SEC
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Aware, Inc. (AWRE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Aware, Inc. (AWRE) stock price & volume — 10-year historical chart
Aware, Inc. (AWRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Aware, Inc. (AWRE) competitors in Emerging tech platforms (AI, blockchain, identity) — business model, growth, and fundamentals comparison
Aware, Inc. (AWRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Aware, Inc. (AWRE) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 16.28M | 16.13M | 12.2M | 11.31M | 16.85M | 16.01M | 18.24M | 17.39M | 17.29M | 17.07M |
| Revenue Growth % | -24.5% | -0.93% | -24.34% | -7.33% | 49.03% | -5.02% | 13.97% | -4.69% | -0.55% | 2.99% |
| Cost of Goods Sold | 875K | 1.24M | 1.26M | 810K | 1.21M | 1.26M | 1.27M | 1.13M | 1.32M | 1.41M |
| COGS % of Revenue | 5.37% | 7.69% | 10.33% | 7.16% | 7.17% | 7.87% | 6.98% | 6.51% | 7.65% | - |
| Gross Profit | 15.41M▲ 0% | 14.89M▼ 3.3% | 10.94M▼ 26.5% | 10.5M▼ 4.1% | 15.64M▲ 49.0% | 14.75M▼ 5.7% | 16.97M▲ 15.1% | 16.26M▼ 4.2% | 15.97M▼ 1.8% | 15.66M▲ 0% |
| Gross Margin % | 94.63% | 92.31% | 89.67% | 92.84% | 92.83% | 92.13% | 93.02% | 93.49% | 92.35% | 91.73% |
| Gross Profit Growth % | -20.85% | -3.35% | -26.51% | -4.06% | 49.01% | -5.73% | 15.07% | -4.21% | -1.77% | - |
| Operating Expenses | 15.18M | 14.58M | 15.12M | 19.92M | 21.74M | 16.96M | 25.51M | 21.8M | 22.53M | 24.01M |
| OpEx % of Revenue | 93.23% | 90.38% | 123.9% | 176.17% | 129% | 105.98% | 139.83% | 125.38% | 130.27% | - |
| Selling, General & Admin | 7.41M | 7.47M | 7.19M | 10.83M | 12.48M | 13.51M | 14.5M | 14.04M | 14.23M | 14.41M |
| SG&A % of Revenue | 45.51% | 46.33% | 58.94% | 95.76% | 74.07% | 84.4% | 79.5% | 80.77% | 82.27% | - |
| Research & Development | 7.77M | 7.11M | 7.93M | 9.09M | 9.26M | 9.23M | 9.12M | 7.76M | 8.3M | 9.6M |
| R&D % of Revenue | 47.72% | 44.05% | 64.96% | 80.41% | 54.94% | 57.68% | 50.01% | 44.61% | 48% | - |
| Other Operating Expenses | 0 | 69K | 0 | 0 | 0 | -5.78M | 1.88M | 0 | 0 | 0 |
| Operating Income | 1.81M▲ 0% | 381K▼ 79.0% | -4.18M▼ 1196.6% | -9.42M▼ 125.6% | -6.1M▲ 35.3% | -2.22M▲ 63.6% | -8.54M▼ 285.2% | -5.54M▲ 35.1% | -6.56M▼ 18.3% | -8.36M▲ 0% |
| Operating Margin % | 11.12% | 2.36% | -34.23% | -83.33% | -36.18% | -13.85% | -46.81% | -31.89% | -37.92% | -48.94% |
| Operating Income Growth % | -69.36% | -78.95% | -1196.59% | -125.56% | 35.3% | 63.64% | -285.21% | 35.07% | -18.25% | - |
| EBITDA | 2.33M | 824K | -3.74M | -8.86M | -5.41M | -1.46M | -7.96M | -4.98M | -5.99M | -7.93M |
| EBITDA Margin % | 14.3% | 5.11% | -30.62% | -78.37% | -32.1% | -9.1% | -43.64% | -28.66% | -34.61% | -46.44% |
| EBITDA Growth % | -64.33% | -64.62% | -553.52% | -137.17% | 38.96% | 73.07% | -446.47% | 37.42% | -20.11% | -42.41% |
| D&A (Non-Cash Add-back) | 519K | 443K | 441K | 561K | 687K | 760K | 578K | 562K | 572K | 427K |
| EBIT | 1.11M | 312K | -4.18M | -9.42M | -6.1M | -8M | -6.66M | -5.54M | -6.56M | -7.89M |
| Net Interest Income | 401K | 844K | 1M | 176K | 4K | 540K | 1.28M | 1.17M | 941K | 880K |
| Interest Income | 401K | 844K | 1M | 176K | 4K | 540K | 1.28M | 1.17M | 941K | 880K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 437K | 844K | 1.05M | 176K | 4K | 540K | 1.28M | 1.17M | 941K | 880K |
| Pretax Income | 2.25M▲ 0% | 1.23M▼ 45.5% | -3.13M▼ 355.4% | -9.25M▼ 195.6% | -6.09M▲ 34.1% | -1.68M▲ 72.5% | -7.25M▼ 332.6% | -4.38M▲ 39.7% | -5.62M▼ 28.3% | -7.47M▲ 0% |
| Pretax Margin % | 13.8% | 7.59% | -25.64% | -81.78% | -36.15% | -10.48% | -39.77% | -25.18% | -32.48% | -43.79% |
| Income Tax | 965K | -8K | 5.21M | -1.63M | -269K | 49K | 59K | 53K | 257K | 258K |
| Effective Tax Rate % | 42.95% | -0.65% | -166.54% | 17.67% | 4.41% | -2.92% | -0.81% | -1.21% | -4.58% | -3.45% |
| Net Income | 1.28M▲ 0% | 1.23M▼ 3.8% | -8.34M▼ 776.4% | -7.61M▲ 8.7% | -5.82M▲ 23.5% | -1.73M▲ 70.4% | -7.31M▼ 323.8% | -4.43M▲ 39.4% | -5.87M▼ 32.5% | -7.73M▲ 0% |
| Net Margin % | 7.87% | 7.64% | -68.34% | -67.33% | -34.56% | -10.78% | -40.09% | -25.48% | -33.96% | -45.29% |
| Net Income Growth % | -68.75% | -3.82% | -776.4% | 8.71% | 23.51% | 70.36% | -323.75% | 39.42% | -32.54% | -53.23% |
| Net Income (Continuing) | 1M | 1.23M | -8.34M | -7.61M | -5.82M | -1.73M | -7.31M | -4.43M | -5.87M | -7.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.06▲ 0% | 0.06▼ 4.8% | -0.39▼ 783.0% | -0.35▲ 10.3% | -0.27▲ 22.9% | -0.08▲ 70.4% | -0.35▼ 338.0% | -0.21▲ 40.0% | -0.28▼ 33.3% | -0.36▲ 0% |
| EPS Growth % | -66.67% | -4.83% | -783.01% | 10.26% | 22.86% | 70.41% | -338.05% | 40% | -33.33% | -51.39% |
| EPS (Basic) | 0.06 | 0.06 | -0.39 | -0.35 | -0.27 | -0.08 | -0.35 | -0.21 | -0.28 | - |
| Diluted Shares Outstanding | 21.88M | 21.61M | 21.52M | 21.47M | 21.52M | 21.6M | 21.01M | 21.14M | 21.18M | 21.59M |
| Basic Shares Outstanding | 21.81M | 21.55M | 21.38M | 21.47M | 21.52M | 21.57M | 21.01M | 21.14M | 21.18M | 21.59M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Aware, Inc. (AWRE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 54.23M | 57.19M | 53.8M | 43.66M | 38.81M | 37.28M | 35.82M | 32.98M | 26.65M | 22.99M |
| Cash & Short-Term Investments | 51.61M | 51.61M | 47.74M | 38.56M | 29.96M | 28.98M | 30.91M | 27.81M | 22.3M | 19.57M |
| Cash Only | 51.61M | 51.61M | 47.74M | 38.56M | 29.96M | 11.75M | 10M | 12.97M | 7.27M | 4.58M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 17.23M | 20.91M | 14.84M | 15.03M | 15M |
| Accounts Receivable | 3.82M | 5.29M | 5.8M | 4.51M | 6.85M | 7.61M | 3.85M | 4M | 4.36M | 3.42M |
| Days Sales Outstanding | 85.59 | 119.68 | 173.53 | 145.69 | 148.35 | 173.47 | 77.13 | 84 | 91.98 | 99.97 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 284K | 0 | 0 | 1.41M | 693K | 1.05M | 1.17M | 0 | 0 |
| Total Non-Current Assets | 9.71M | 9.26M | 3.75M | 7.97M | 9.56M | 13.91M | 10.47M | 9.66M | 8.81M | 8.58M |
| Property, Plant & Equipment | 4.3M | 4.08M | 3.75M | 3.7M | 3.22M | 5.26M | 4.84M | 4.44M | 4.12M | 3.98M |
| Fixed Asset Turnover | 3.78x | 3.95x | 3.25x | 3.06x | 5.24x | 3.04x | 3.77x | 3.92x | 4.20x | 4.15x |
| Goodwill | 0 | 0 | 0 | 1.65M | 3.12M | 3.12M | 3.12M | 3.12M | 3.12M | 4.6M |
| Intangible Assets | 0 | 0 | 0 | 1.22M | 3.22M | 2.81M | 2.39M | 1.98M | 1.57M | 1.48M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 2.6M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 1.4M | 0 | 122K | 122K | 122K | 0 | 1.45M |
| Total Assets | 63.94M▲ 0% | 66.44M▲ 3.9% | 57.55M▼ 13.4% | 51.63M▼ 10.3% | 48.37M▼ 6.3% | 51.19M▲ 5.8% | 46.3M▼ 9.6% | 42.64M▼ 7.9% | 37.2M▼ 12.8% | 33.2M▲ 0% |
| Asset Turnover | 0.25x | 0.24x | 0.21x | 0.22x | 0.35x | 0.31x | 0.39x | 0.41x | 0.46x | 0.46x |
| Asset Growth % | 3.15% | 3.92% | -13.37% | -10.3% | -6.3% | 5.83% | -9.56% | -7.89% | -12.78% | -49.31% |
| Total Current Liabilities | 4.28M | 4.54M | 4.12M | 5.96M | 5.74M | 5.8M | 7.55M | 7.86M | 1.98M | 4.58M |
| Accounts Payable | 166K | 126K | 187K | 494K | 283K | 639K | 280K | 894K | 1.98M | 1.85M |
| Days Payables Outstanding | 69.25 | 37.09 | 54.13 | 222.6 | 85.44 | 185.11 | 80.28 | 288.26 | 544.88 | 517.71 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 470K | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.93M | 3.1M | 2.84M | 3.93M | 0 | 3.41M | 4.93M | 4.87M | 4.85M | 20.12M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 3.55M | 1.28M | 0 | 0 | -4.85M | -1.85M |
| Current Ratio | 12.66x | 12.58x | 13.06x | 7.33x | 6.76x | 6.43x | 4.75x | 4.19x | 13.50x | 13.50x |
| Quick Ratio | 12.66x | 12.58x | 13.06x | 7.33x | 6.76x | 6.43x | 4.75x | 4.19x | 13.50x | 13.50x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -417.73 |
| Total Non-Current Liabilities | 127K | 75K | 60K | 90K | 1.11M | 5.18M | 4.45M | 3.88M | 9.08M | 8.47M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 4.05M | 3.84M | 3.59M | 3.97M | 14.68M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 1.11M | 812K | 0 | 0 | 0 | 0 |
| Total Liabilities | 4.28M | 4.54M | 4.12M | 5.96M | 6.85M | 10.98M | 12M | 11.75M | 11.06M | 10.31M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 4.52M | 4.47M | 4.24M | 3.97M | 3.89M |
| Net Debt | -51.61M | -51.61M | -47.74M | -38.56M | -29.96M | -7.23M | -5.53M | -8.73M | -3.3M | -685K |
| Debt / Equity | - | - | - | - | - | 0.11x | 0.13x | 0.14x | 0.15x | 0.15x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.49x |
| Net Debt / EBITDA | -22.16x | -62.64x | - | - | - | - | - | - | - | 0.09x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 59.65M▲ 0% | 61.9M▲ 3.8% | 53.44M▼ 13.7% | 45.67M▼ 14.5% | 41.52M▼ 9.1% | 40.21M▼ 3.2% | 34.3M▼ 14.7% | 30.9M▼ 9.9% | 26.14M▼ 15.4% | 22.89M▲ 0% |
| Equity Growth % | 3.13% | 3.76% | -13.67% | -14.53% | -9.08% | -3.16% | -14.7% | -9.92% | -15.4% | -66.29% |
| Book Value per Share | 2.73 | 2.86 | 2.48 | 2.13 | 1.93 | 1.86 | 1.63 | 1.46 | 1.23 | 1.06 |
| Total Shareholders' Equity | 59.65M | 61.9M | 53.44M | 45.67M | 41.52M | 40.21M | 34.3M | 30.9M | 26.14M | 22.89M |
| Common Stock | 215K | 215K | 214K | 214K | 216K | 211K | 210K | 211K | 215K | 217K |
| Retained Earnings | -36.81M | -34.69M | -43.03M | -50.65M | -56.47M | -58.2M | -65.51M | -69.94M | -75.82M | -79.27M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -7.82M | 0 | 0 | 0 | -110K | 195K | 251K | 228K | 166K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Aware, Inc. (AWRE) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 3.67M | 660K | -2.94M | -5.27M | -6.23M | -5.04M | 1.82M | -3.16M | -5.4M | -5.4M |
| Operating CF Margin % | 22.53% | 4.09% | -24.13% | -46.64% | -36.99% | -31.5% | 9.99% | -18.18% | -31.21% | - |
| Operating CF Growth % | -3.8% | -82.01% | -546.21% | -79.08% | -18.2% | 19.12% | 136.16% | -273.4% | -70.77% | -217.79% |
| Net Income | 1.28M | 1.23M | -8.34M | -7.61M | -5.82M | -1.73M | -7.31M | -4.43M | -5.87M | -7.73M |
| Depreciation & Amortization | 518K | 443K | 441K | 561K | 687K | 888K | 578K | 562K | 572K | 567K |
| Stock-Based Compensation | 663K | 580K | 692K | 838K | 1.57M | 0 | 1.52M | 1.13M | 1.17M | 1.26M |
| Deferred Taxes | -9K | -100K | 5.17M | 0 | -269K | 0 | 0 | 0 | 257K | 219K |
| Other Non-Cash Items | -40K | 100K | 0 | 118K | -64K | -3.83M | 2.01M | 140K | -1K | 364K |
| Working Capital Changes | 1.25M | -1.6M | -909K | 823K | -2.33M | -375K | 5.02M | -564K | -1.52M | 191K |
| Change in Receivables | 615K | 379K | -477K | 84K | -2.25M | 261K | 3.77M | -289K | -342K | 267K |
| Change in Inventory | 176K | -2M | -231K | -48K | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 31K | -40K | 61K | 307K | -249K | 356K | -359K | 614K | 151K | -16K |
| Cash from Investing | 937K | -206K | -111K | -2.91M | -2.48M | -11.99M | -3.14M | 6.29M | -274K | 1.24M |
| Capital Expenditures | -82K | -206K | -111K | -484K | -27K | -730K | -16K | -45K | -165K | -120K |
| CapEx % of Revenue | 0.5% | 1.28% | 0.91% | 4.28% | 0.16% | 4.56% | 0.09% | 0.26% | 0.95% | - |
| Acquisitions | 0 | 0 | 0 | -2.43M | -2.45M | 8.55M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.02M | 0 | 0 | 0 | 0 | -2.5M | 0 | 0 | 0 | 0 |
| Cash from Financing | -4.91M | -450K | -814K | -989K | 109K | -1.18M | -426K | -159K | -31K | 22K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -4.72M | -343K | -722K | -896K | 163K | -1.16M | -506K | -207K | -28K | 25K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -4.8M | -393K | -765K | -946K | 0 | -1.31M | -506K | -207K | -115K | -62K |
| Other Financing | -186K | -107K | -92K | -93K | -54K | -26K | 80K | 48K | -3K | -3K |
| Net Change in Cash | -305K▲ 0% | 4K▲ 101.3% | -3.87M▼ 96850.0% | -9.18M▼ 137.1% | -8.6M▲ 6.3% | -18.21M▼ 111.7% | -1.75M▲ 90.4% | 2.97M▲ 270.0% | -5.7M▼ 292.0% | -3.88M▲ 0% |
| Free Cash Flow | 3.59M▲ 0% | 454K▼ 87.3% | -3.06M▼ 773.1% | -5.76M▼ 88.4% | -6.26M▼ 8.7% | -5.77M▲ 7.8% | 1.81M▲ 131.3% | -3.21M▼ 277.4% | -5.56M▼ 73.5% | -5.25M▲ 0% |
| FCF Margin % | 22.03% | 2.81% | -25.04% | -50.92% | -37.15% | -36.06% | 9.9% | -18.44% | -32.17% | -30.78% |
| FCF Growth % | -3.76% | -87.34% | -773.13% | -88.42% | -8.74% | 7.81% | 131.31% | -277.42% | -73.52% | -39.02% |
| FCF per Share | 0.16 | 0.02 | -0.14 | -0.27 | -0.29 | -0.27 | 0.09 | -0.15 | -0.26 | -0.26 |
| FCF Conversion (FCF/Net Income) | 2.86x | 0.54x | 0.35x | 0.69x | 1.07x | 2.92x | -0.25x | 0.71x | 0.92x | 0.68x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 488K | 96K | 43K | 0 | 0 | 0 | 136K | 172K | 0 | 0 |
Aware, Inc. (AWRE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 2.18% | 2.03% | -14.46% | -15.37% | -13.36% | -4.22% | -19.63% | -13.59% | -20.6% | -29.65% |
| Return on Invested Capital (ROIC) | 19.43% | 3.12% | -39.22% | -110.45% | -49% | -7.47% | -20.75% | -16.33% | -21.85% | -21.85% |
| Gross Margin | 94.63% | 92.31% | 89.67% | 92.84% | 92.83% | 92.13% | 93.02% | 93.49% | 92.35% | 91.73% |
| Net Margin | 7.87% | 7.64% | -68.34% | -67.33% | -34.56% | -10.78% | -40.09% | -25.48% | -33.96% | -45.29% |
| Debt / Equity | - | - | - | - | - | 0.11x | 0.13x | 0.14x | 0.15x | 0.15x |
| FCF Conversion | 2.86x | 0.54x | 0.35x | 0.69x | 1.07x | 2.92x | -0.25x | 0.71x | 0.92x | 0.68x |
| Revenue Growth | -24.5% | -0.93% | -24.34% | -7.33% | 49.03% | -5.02% | 13.97% | -4.69% | -0.55% | 2.99% |
Aware, Inc. (AWRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Apr 16, 2026·SEC
Mar 12, 2026·SEC
Aware, Inc. (AWRE) stock FAQ — growth, dividends, profitability & financials explained
Aware, Inc. (AWRE) reported $17.1M in revenue for fiscal year 2025. This represents a 222% increase from $5.3M in 1996.
Aware, Inc. (AWRE) saw revenue decline by 0.6% over the past year.
Aware, Inc. (AWRE) reported a net loss of $7.7M for fiscal year 2025.
Aware, Inc. (AWRE) has a return on equity (ROE) of -20.6%. Negative ROE indicates the company is unprofitable.
Aware, Inc. (AWRE) had negative free cash flow of $5.3M in fiscal year 2025, likely due to heavy capital investments.
Aware, Inc. (AWRE) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates