Aware, Inc.

Aware, Inc. reported a net loss of $5.9 million for fiscal year 2025, an increase from a $4.4 million loss in 2024. Total revenue was $17.3 million, a slight decrease from $17.4 million in the prior year. The operating loss widened to $6.6 million from $5.5 million, driven by increased research and development expenses ($8.3 million, up from $7.8 million) and cost of revenue ($1.3 million, up from $0.8 million). The company ended the year with $22.3 million in cash, cash equivalents, and marketable securities, which management believes is sufficient to fund operations for at least the next twelve months. Key revenue drivers included software maintenance revenue of $8.7 million (51% of total revenue) and software licenses revenue of $7.3 million (42% of total revenue).

Key Takeaways