Growth & profitability
- Revenue has grown 8.9% per year over the past 5 years.
- Operating margin has expanded, at -37.9% in the latest year.
AWRE Financials AWARE INC /MA/
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $17M | $6M | 92.3% | -37.9% | 22.5% | 15.8% | -$6M | — | $7M |
| 2024 | $17M | $4M | 95.2% | -31.9% | 14.3% | 10.4% | -$3M | — | $13M |
| 2023 | $18M | $7M | 93.0% | -46.8% | 21.3% | 15.8% | $2M | — | $10M |
| 2022 | $16M | -$2M | 92.1% | -13.8% | -4.3% | -3.4% | -$6M | — | $12M |
| 2021 | $17M | -$6M | 92.8% | -36.2% | -14.0% | -12.0% | -$6M | — | $30M |
| 2020 | $11M | -$8M | 92.8% | -83.3% | -16.7% | -14.7% | -$6M | — | $39M |
| 2019 | $12M | -$8M | 89.7% | -34.2% | -15.6% | -14.5% | -$3M | — | $48M |
| 2018 | $16M | $1M | 0.0% | 2.4% | 2.0% | 1.9% | $454000 | — | $52M |
| 2017 | $15M | $1M | 0.0% | 7.2% | 1.7% | 1.5% | $4M | — | $52M |
| 2016 | — | $4M | — | — | 7.0% | 6.6% | $4M | — | $52M |
| 2015 | — | $5M | — | — | 8.2% | 7.3% | $7M | — | $51M |
| 2014 | — | $5M | — | — | 8.7% | 8.2% | $6M | — | $44M |
| 2013 | — | $3M | — | — | 3.0% | 2.9% | $3M | — | $73M |
| 2012 | — | $72M | — | — | 88.3% | 84.2% | -$15M | — | $71M |
| 2011 | — | $3M | — | — | 4.7% | 4.4% | $6M | — | $47M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Sep '26 | $4M | -$791000 | 90.1% | -21.3% | -3.9% | -2.6% | -$1M | — | $2M |
| Jun '26 | $3M | -$3M | 84.0% | -84.2% | -12.4% | -8.7% | -$3M | — | $3M |
| Mar '26 | $3M | -$3M | 90.1% | -107.8% | -15.1% | -10.4% | -$3M | — | $5M |
| Dec '25 | $5M | -$1M | 94.7% | -31.1% | -5.6% | -3.9% | $926000 | — | $7M |
| Sep '25 | $5M | -$1M | 91.8% | -25.2% | -3.9% | -2.6% | -$2M | — | $6M |
| Jun '25 | $4M | -$2M | 93.1% | -50.3% | -6.3% | -4.6% | -$1M | — | $7M |
| Mar '25 | $4M | -$2M | 95.2% | -51.3% | -5.4% | -4.0% | -$3M | — | $8M |
| Dec '24 | $5M | -$1M | 99.6% | -30.7% | -3.9% | -2.8% | $683000 | — | $13M |
| Sep '24 | $4M | -$1M | 93.0% | -38.1% | -3.7% | -2.7% | -$765000 | — | $11M |
| Jun '24 | $4M | -$1M | 93.8% | -31.0% | -3.3% | -2.5% | — | — | $12M |
| Mar '24 | $4M | -$982000 | 93.8% | -28.5% | -2.9% | -2.2% | — | — | $14M |
| Dec '23 | $4M | -$4M | 94.5% | -102.5% | -12.4% | -9.2% | $3M | — | $10M |
| Sep '23 | $6M | $1M | 93.6% | 11.7% | 3.0% | 2.3% | $2M | — | $6M |
| Jun '23 | $3M | -$3M | 89.8% | -92.2% | -7.3% | -5.6% | -$2M | — | $3M |
| Mar '23 | $4M | -$2M | 93.1% | -43.4% | -4.0% | -3.2% | -$2M | — | $8M |
| Dec '22 | $4M | -$2M | 91.6% | -49.7% | -4.4% | -3.4% | -$1M | — | $12M |
| Sep '22 | $3M | $3M | 90.6% | 81.1% | 6.1% | 5.2% | -$2M | — | $13M |
| Jun '22 | $4M | -$1M | 92.4% | -31.9% | -3.2% | -2.8% | — | — | $25M |
| Mar '22 | $5M | -$1M | 93.3% | -27.5% | -3.1% | -2.7% | — | — | $25M |
| Dec '21 | $4M | -$1M | 93.1% | -38.2% | -3.0% | -2.6% | -$1M | — | $30M |
Valuation over time
How the market has priced AWRE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 4.7× (Jan '24) to 3.4× (Nov '26).
- The price-to-sales ratio has fallen from 2.3× (Mar '23) to 1.2× (Nov '26).
P/E
P/S
Frequently asked questions
Is AWRE growing its revenue and profit?
Over the past 5 years, AWARE INC /MA/'s revenue has grown 8.9% per year. These are computed facts, not advice.
How much debt does AWRE have?
As of FY2025, AWARE INC /MA/ reported — of total debt against $7M of cash.
What is AWRE's profit margin?
In FY2025, gross margin was 92.3%, operating margin -37.9%, and net margin 34.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.