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Aware
Aware (AWRE) investor relations material
Aware Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Mar, 2026
Executive summary
Fiscal 2025 was a foundational year marked by strategic progress in technology, leadership, certifications, and market positioning, despite revenue variability, especially in the federal sector.
Expanded federal, commercial, and international engagement, including first mobile biometric deployment in a U.S. federal agency and growth in government programs.
Strengthened technology leadership with new certifications, top-tier performance in industry validation events, and independent evaluations.
Enhanced leadership team with new heads of engineering and product to accelerate innovation and operational improvements.
Focus for 2026 is on disciplined execution, platform advancement, converting pilots, scaling revenue, and delivering long-term growth.
Financial highlights
Q4 2025 revenue was $4.7 million, slightly down from $4.8 million in Q4 2024, mainly due to lower perpetual license revenue offset by higher maintenance and services.
Q4 net loss was $1.5 million ($0.07/share) vs. $1.2 million ($0.06/share) prior year; adjusted EBITDA loss was $800,000 for both periods.
Full-year 2025 revenue was $17.3 million, nearly flat year-over-year; net loss widened to $5.9 million ($0.28/share) from $4.4 million ($0.21/share) in 2024.
Cash, cash equivalents, and marketable securities totaled $22.3 million at year-end 2025, down from $27.8 million at year-end 2024; no debt.
Operating expenses for 2025 were $23.9 million, up from $22.9 million in 2024, mainly due to increased R&D and personnel costs.
Outlook and guidance
Expect continued variability in quarterly results due to procurement cycles and customer conversion timing, especially in government and large enterprise markets.
Management expects to advance the Awareness Platform and scale solutions in federal, aviation, and enterprise markets in 2026.
Performance best evaluated over multiple quarters; focus is on disciplined execution, converting pilots, scaling revenue, and delivering long-term growth.
Investors should look for improved pipeline conversion, recurring deployments, and greater consistency in bookings and revenue.
Awareness Platform's market penetration strategy
Cash runway with current investment levels
Recurring revenue growth vs. total revenue stability
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Next Aware earnings date
Q1 202629 Apr, 2026
Aware
Next Aware earnings date
Q1 202629 Apr, 2026
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Frequently asked questions
Aware Inc. is a software company specializing in biometrics and digital identity solutions. The company provides software products and services for fingerprint, face, and iris recognition, as well as authentication and identity management systems. Its technology is used in government, law enforcement, border control, and commercial applications. The company is headquartered in Burlington, Massachusetts, and its shares are listed on the NASDAQ.
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