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AWRE on Nasdaq

Aware, Inc.

Logo: ToyFJ, CC BY-SA 4.0, via Wikimedia Commons5

American software company

Aware, Inc. is a biometrics software and services company based near Boston, Massachusetts.3 Its shares trade on Nasdaq under the symbol AWRE.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1986Founded1

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  • TickerAWRE on Nasdaq1
  • HeadquartersBedford1
  • Legal formprivate limited company1
  • LEI254900ZAKFHOEZJJ9W924
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressAvenue Louise 81, 1050 Ixelles, Belgium4
  • Registered withFederal Public Service Economy (Ministry of Economy), 0758.998.6704

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Aware building
Photo: ToyFJ, CC BY-SA 4.0, via Wikimedia Commons8

Aware, Inc. is a biometrics software and services company based near Boston, Massachusetts.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-37.9%Operating margin9
-34.0%Net margin9
-0.6%Revenue growth, 20259
-22.5%Return on equity9
-$5.6MFree cash flow9

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Maintenance brought in 42% of the revenue Aware, Inc. broke down this way in fiscal 2025.

  1. Maintenance$8.7M942%up 2% from 2024
  2. License and Service$7.3M935%down 4% from 2024
  3. Subscription Based Contracts$4.5M921%up 13% from 2024
  4. Software as a Service$400.0K92%up 300% from 2024
Products and services by year
Products and services20242025
Maintenance$8.6M$8.7M
License and Service$7.7M$7.3M
Subscription Based Contracts$4.0M$4.5M
Software as a Service$100.0K$400.0K

Regions

United States brought in 49% of the revenue Aware, Inc. broke down this way in fiscal 2025.

  1. United States$8.6M949%up 13% from 2024
  2. Rest of World$6.5M938%up 29% from 2024
  3. United Kingdoms$2.2M913%down 53% from 2024
Regions by year
Regions20242025
United States$7.6M$8.6M
Rest of World$5.1M$6.5M
United Kingdoms$4.7M$2.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue8¢$1.3M
  • Research and development48¢$8.3M
  • Other costs43¢$7.4M
  • Income tax1¢$257.0K

Out of $17.3M in revenue.9 The company lost money this year.

Financial statements

Revenue10111213149$17.3M in 2025+42% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.2M$12.2M20192020: $11.3M$11.3M2020−7%2021: $16.9M$16.9M2021+49%2022: $16.0M$16.0M2022−5%2023: $18.2M$18.2M2023+14%2024: $17.4M$17.4M2024−5%2025: $17.3M$17.3M2025−1%
Operating income10111213149-$6.6M in 2025+57% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M02019: -$4.2M-$4.2M20192020: -$9.4M-$9.4M2020+126%2021: -$6.1M-$6.1M2021−35%2022: -$2.2M-$2.2M2022−64%2023: -$8.5M-$8.5M2023+285%2024: -$5.5M-$5.5M2024−35%2025: -$6.6M-$6.6M2025+18%
Net income10111213149-$5.9M in 2025−30% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M02019: -$8.3M-$8.3M20192020: -$7.6M-$7.6M2020−9%2021: -$5.8M-$5.8M2021−24%2022: -$1.7M-$1.7M2022−70%2023: -$7.3M-$7.3M2023+324%2024: -$4.4M-$4.4M2024−39%2025: -$5.9M-$5.9M2025+33%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Total revenue$17.3M$17.4M
Cost of revenue$1.3M$835.0K
Research and development$8.3M$7.8M
Selling and marketing$7.3M$7.7M
General and administrative$6.9M$6.7M
Total costs and expenses$23.9M$22.9M
Operating loss-$6.6M-$5.5M
Interest and other income$941.0K$1.2M
Loss before provision for income taxes-$5.6M-$4.4M
Provision for income taxes$257.0K$53.0K
Net loss-$5.9M-$4.4M
Unrealized (loss) gain on available for sale securities-$23.0K$56.0K
Comprehensive loss-$5.9M-$4.4M
Net loss per share - basic-$0.28-$0.21
Net loss per share - diluted-$0.28-$0.21
Weighted-average shares - basic21.2M shares21.1M shares
Weighted-average shares - diluted21.2M shares21.1M shares

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Corporate structure

Aware, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Aware, Inc.

  • Aware, Inc. Ixelles, Belgium

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Aware was incorporated in 1986 in Cambridge, Massachusetts at which time it was envisioned by its founders as a "mathematical engineering company".

Aware went public in 1996 to commercialize its DSL products and intellectual property, at which time it also had an established business supplying biometrics software for law enforcement applications.

Between 2009 and 2012, Aware divested several assets unrelated to its current business.

As of 2019, Aware is focused exclusively on providing biometrics software and services. Its products apply fingerprint recognition, face recognition, iris recognition, and speaker recognition for applications including multi-factor authentication and biometric identification.

From Wikipedia’s article on Aware, Inc., shared under CC BY-SA 4.0.6

Leadership

Who has led Aware, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael A. Tzannes2008–2009
  2. Edmund C. Reiter2010–2011
  3. Kevin Thomas Russell2011–2019
  4. Richard P. Moberg2011–2017
  5. Robert A. Eckel2019–2024
  6. Ajay K. Amlani2025–now

Chair

  1. Michael A. Tzannes2010–2011

President

  1. Edmund C. Reiter2008–2011
  2. Richard P. Moberg2012–2017
  3. Kevin Thomas Russell2013–2019
  4. Robert A. Eckel2019–2024
  5. Ajay K. Amlani2025–now

Chief financial officer

  1. Robert J. Weiskopf2006
  2. Keith E. Farris2006–2007
  3. Richard P. Moberg2008–2017
  4. David J. Martin2017–2020
  5. David Brian Barcelo2020–2022
  6. David K. Traverse2024–now
1990200020102020
Board members and other officers (30)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Aware Security Corporation Massachusetts7
  • Fort3ss, Inc. Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 29, 20268-K Results of operations59
  2. Jul 21, 20268-K Executive or director change; Shareholder vote60
  3. Apr 29, 20268-K Results of operations61
  4. Apr 16, 20268-K Executive or director change62
  5. Mar 12, 20268-K Entered a material agreement; Executive or director change63
  6. Mar 4, 20268-K Results of operations64
  7. Oct 29, 20258-K Results of operations65
  8. Jul 30, 20258-K Results of operations66
  9. Jun 16, 20258-K Entered a material agreement; Executive or director change67
  10. Jun 13, 20258-K Shareholder vote68
  11. May 13, 20258-K Executive or director change69
  12. Apr 30, 20258-K Results of operations70
  13. Feb 5, 2025New chief executive Ajay K. Amlani becomes CEO17
  14. Sep 23, 2019New chief executive Robert A. Eckel becomes CEO18
  15. Jul 1, 2011New chief executive Richard P. Moberg becomes CEO20
  16. Jul 1, 2011New chief executive Kevin Thomas Russell becomes CEO19
  17. Jul 28, 2010New chief executive Edmund C. Reiter becomes CEO21
  18. May 27, 2008New chief executive Michael A. Tzannes becomes CEO22
  19. Aug 14, 1996Went public Listed on NASDAQ1
  20. 1986Founded Founded1

Calendar

Coming up

  1. Oct 28, 2026 · After the closeReports results for the quarter ending Sep/202671

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results59
  2. Apr 29, 2026Reported quarterly or annual results61
  3. Mar 4, 2026Reported quarterly or annual results64
  4. Oct 29, 2025Reported quarterly or annual results65
  5. Jul 30, 2025Reported quarterly or annual results66
  6. Apr 30, 2025Reported quarterly or annual results70
  7. Mar 5, 2025Reported quarterly or annual results72
  8. Oct 30, 2024Reported quarterly or annual results73

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

247 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 48 major events, 153 insider forms, 7 large holders, 17 other. The latest 20:

  1. Sep 24, 20264 EDGAR
  2. Aug 12, 20264 EDGAR
  3. Aug 7, 20264 EDGAR
  4. Aug 4, 20264 EDGAR
  5. Jul 31, 202610-Q EDGAR
  6. Jul 29, 20264 EDGAR
  7. Jul 29, 20268-K EDGAR
  8. Jul 24, 20263 EDGAR
  9. Jul 21, 20268-K EDGAR
  10. Jul 2, 20264 EDGAR
  11. Jul 2, 20264 EDGAR
  12. Jul 2, 20264 EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jun 16, 20264 EDGAR
  16. Jun 3, 20264 EDGAR
  17. May 26, 20264 EDGAR
  18. May 26, 202610-K/A EDGAR
  19. May 26, 2026DEFA14A EDGAR
  20. May 22, 2026DEF 14A EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Ajay Amlani52$111.1K$1.8M78
2025Brian Krause48$246.7K$336.9K78
2025Mohamed Lazzouni$311.5K$322.8K78
2025David Traverse51$245.8K$271.2K78
2024Chief Technology Officer$303.9K$468.8K78
2024Chief Financial Officer$223.8K$327.6K78

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vanguard Capital Management LLC778,318$1.1M0.0%No change
Dimensional Fund Advisors LP717,004$968.0K0.0%−22,806
Renaissance Technologies LLC655,812$885.3K0.0%+100
Northern Trust Corp368,663$497.7K0.0%+343,671
BlackRock, Inc.350,494$473.2K0.0%−32,807
HERALD INVESTMENT MANAGEMENT Ltd234,058$311.3K0.0%−195,942
Geode Capital Management, LLC155,152$209.5K0.0%−6,622
RBF Capital, LLC138,600$187.1K0.0%No change
State Street Corp74,960$101.2K0.0%No change
Aristides Capital LLC71,964$97.2K0.0%No change
Vanguard Fiduciary Trust Co62,332$84.1K0.0%No change
CIBC Bancorp USA Inc.60,000$81.0K0.0%No change
Citadel Advisors LLC51,804$69.9K0.0%−23,756
Bridgeway Capital Management, LLC38,400$51.8K0.0%No change
GMT Capital Corp24,600$33.2K0.0%No change
Goldman Sachs Group Inc23,849$32.2K0.0%+6,028
Blair William & Co/il20,964$28.3K0.0%No change
XTX Topco Ltd16,087$21.7K0.0%−15,763
Equitec Proprietary Markets, LLC7,000$9.4K0.0%No change
Royal Bank Of Canada6,397$9.0K0.0%+1,250
UBS Group AG4,000$5.4K0.0%−309
Tower Research Capital LLC (TRC)2,663$3.6K0.0%−1,339
Group One Trading LLC500$6750.0%No change
Citigroup Inc494$6670.0%+493
Simplex Trading, LLC470$6340.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Aware, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAWARE INC2
  • CIK0000845188
  • On EDGAR sinceDec 6, 20072
  • Filings2 in all: REGDEX (2)2

Sources

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