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Aware, Inc.

AWRE Technology Software Application

Aware, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $17.3 million, down 0.55% from fiscal 2024.

Revenue
−13.9%
EPS
+20.0%
Free cash flow
+39.2%

Quarter to September 2026, against a year earlier

0.97 0.01 +1.04%
Market cap
$21.0M
P/E
0.0×
Fwd P/E
−13.2×
Dividend yield
—
F-score
3/9
Altman Z
−0.17
Beneish M
−2.45
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.37
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 2 — 7 2 1 2 — 1 1
Sell — — — — — — — — — — — —
Insider Ownership 45.41%

Capital & Financial Ratios $m

Size
Market Cap 21.00
Revenue ttm 15.72
Net income ttm (8.27)
Free cash flow ttm (5.83)
Net debt Q (15.37)
Valuation
P/E 0.00
Forward P/E (13.20) (negative: loss-making)
Price / sales 1.31
Forward P/S Powerpack
Price / FCF 0.25
Price / book 1.03
Financial health
Current ratio Q 3.00 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −13.88% (below 0%: shrinking)
Operating income growth Q +27.41% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A +17.30% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.3×, against a ten-year median of 1.5×; over the ten years it ranged from −0.2× in 2023 to 5.0× in 2021.
P/S against its own 10 years 0.73%
10-year low 10-year high
P/B against its own 10 years 16.90%
10-year low 10-year high
EV/Sales against its own 10 years 5.67%
10-year low 10-year high
EV/FCF against its own 10 years 6.00%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 31 28 22 15
Receivables 4 4 4 6
Inventory — — — —
Other — — — —
36 33 28 23
2023 2024 2025 Q'26
Payables 0 1 1 1
ST’ Debt — — — —
Other — — — —
8 8 8 8

Compound Annual Growth %

10y 5y 3y
Sales (1.26%) 8.87% 2.61%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (7.37%) (10.56%) (13.37%)

EPS $

Mar Jun Sep Dec Year
’26 (0.16) (0.12) (0.04) — —
’25 (0.08) (0.08) (0.05) (0.07) (0.28)
’24 (0.05) (0.05) (0.06) (0.06) (0.21)
’23 (0.07) (0.13) 0.05 (0.20) (0.35)
’22 (0.06) (0.06) 0.12 (0.08) (0.08)
’21 (0.07) (0.07) (0.07) (0.06) (0.27)
’20 (0.05) (0.15) (0.08) (0.08) (0.35)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 3 3 4 — —
’25 4 4 5 5 17
’24 4 4 4 5 17
’23 4 3 6 4 18
’22 5 4 3 4 16
’21 4 4 4 4 17
’20 4 2 2 3 11
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (3) (1) — —
’25 (3) (1) (2) 1 (5)
’24 (2) (1) (1) 1 (3)
’23 (1) (2) 2 3 2
’22 (2) 0 (2) 0 (5)
’21 (2) (1) (2) (1) (6)
’20 (1) (1) (2) (1) (5)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) (3) (1) — —
’25 (3) (1) (2) 1 (6)
’24 (2) (1) (1) 1 (3)
’23 (2) (2) 2 3 2
’22 (2) 0 6 (1) 3
’21 (2) (1) (2) (1) (6)
’20 (1) (1) (2) (1) (6)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 22 15 16 12 11 17 16 18 17 17 16 (2.4%) — — — —
Gross margin, % 90.26 94.34 92.31 89.67 92.84 92.82 92.13 93.02 95.20 92.35 89.28 +2.1 pt
EBT 6 2 1 (3) (9) (6) (2) (7) (4) (6) (8) n/m
EBT margin, % 28.69 9.98 7.59 (25.64) (81.78) (36.15) (10.48) (39.77) (25.18) (32.48) (51.11) (61.2) pt
Net income 4 1 1 (8) (8) (6) (2) (7) (4) (6) (8) n/m
Per share, $
Per share, $ Revenue 0.94 0.71 0.75 0.57 0.53 0.78 0.74 0.87 0.82 0.82 0.72 (1.6%)
Earnings 0.18 0.05 0.06 (0.39) (0.35) (0.27) (0.08) (0.35) (0.21) (0.28) (0.39) n/m
Cash flow 0.17 0.17 0.03 (0.14) (0.25) (0.29) (0.23) 0.09 (0.15) (0.25) (0.27) n/m
Capex 0.00 0.00 (0.01) (0.01) (0.02) 0.00 0.36 0.00 0.00 (0.01) 0.00 +8.3%
Free cash flow 0.16 0.16 0.02 (0.14) (0.27) (0.29) 0.13 0.09 (0.15) (0.26) (0.27) n/m
Book value 2.53 2.78 2.87 2.48 2.13 1.93 1.86 1.63 1.46 1.23 0.92 (7.7%)
Shares, m 23 22 22 22 21 22 22 21 21 21 22 (0.8%)
Valuation, ×
Valuation, × P/E 34.17 91.38 60.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 18.6
P/S 6.51 6.28 4.82 5.93 6.65 4.02 2.31 1.96 2.37 2.27 1.31 4.3
P/B 2.43 1.60 1.26 1.35 1.65 1.63 0.92 1.04 1.33 1.50 1.03 1.5
EV/Sales 4.10 2.94 1.62 2.01 3.24 2.25 0.50 0.26 0.77 0.98 0.33 1.9
EV/FCF 0.96 0.49 0.29 0.29 0.44 0.46 0.09 0.05 0.16 0.20 0.06 0.3
Cash, $m
Cash, $m Operating cash flow 4 4 1 (3) (5) (6) (5) 2 (3) (5) (6) n/m
Capex 0 0 0 0 0 0 8 0 0 0 0 +7.4%
Free cash flow 4 4 0 (3) (6) (6) 3 2 (3) (6) (6) n/m
Balance, $m
Balance, $m Working capital 51 51 53 50 38 33 31 28 25 21 15 (9.6%)
Net debt (52) (52) (52) (48) (39) (30) (29) (31) (28) (22) (15) (9.0%)
Shareholders’ equity 58 61 62 53 46 42 40 34 31 26 20 (8.4%)
Returns, %
Returns, % ROA 6.53 1.58 1.88 (13.45) (13.95) (11.65) (3.47) (15.00) (9.96) (14.71) (23.27) (21.2) pt
ROIC 62.29 7.75 2.32 (45.87) (82.90) (32.97) (12.34) (157.77) (112.45) (106.67) (117.48) (169.0) pt
ROE 7.20 1.69 2.01 (14.46) (15.37) (13.36) (4.22) (19.63) (13.59) (20.60) (34.97) (27.8) pt
People
People Employees 68 68 67 71 90 81 82 73 64 80 — +1.8%
Revenue/emp, $m 0.32 0.23 0.24 0.17 0.13 0.21 0.20 0.25 0.27 0.22 — (4.2%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026

Aware, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CREX Creative Realities, Inc. $27.5M — (loss-making) — (loss-making) +65.04% (above 0%: growing) n/m −97.75% (below 0%: shrinking) 38.58% (12.76%) Compare
JG Aurora Mobile Limited Sponsored ADR $23.1M 31.1× 3.4× +18.93% (above 0%: growing) n/m −140.52% (below 0%: shrinking) 68.35% 1.61% Compare
HOLO MicroCloud Hologram Inc. $22.9M — (loss-making) — −41.61% (below 0%: shrinking) n/m +320.35% (above 0%: growing) 49.85% 0.00% Compare
AWRE Aware, Inc. $21.0M — (loss-making) — (loss-making) −13.88% (below 0%: shrinking) n/m +39.18% (above 0%: growing) 90.06% (21.28%)
NXPL NextPlat Corp. $20.6M — (loss-making) — (loss-making) −10.26% (below 0%: shrinking) n/m +217.81% (above 0%: growing) 39.51% (1.07%) Compare
SAGT SAGTEC GLOBAL LIMITED $20.0M — — — — +393.44% (above 0%: growing) — — Compare
INLX Intellinetics, Inc. $18.1M — (loss-making) — (loss-making) −1.60% (below 0%: shrinking) n/m +1.38% (above 0%: growing) 66.36% (27.62%) Compare
MNDO MIND C.T.I. Ltd. $17.7M 5.4× 10.7× −2.97% (below 0%: shrinking) +100.00% (above 0%: growing) −86.57% (below 0%: shrinking) 55.39% 14.96% Compare
BMR Beamr Imaging Ltd. $16.2M — — — — −284.51% (below 0%: shrinking) 94.76% 0.00% Compare
Median of peers $20.3M — — −2.29% — −42.59% 55.39% 0.00%

All 230 Software Application stocks →

Pay and ownership Proxy statement filed 22 May 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.83m 2.07m 110.00
2024 335.48k 185.22k 114.00
2023 511.28k 598.51k 97.00

Ownership

Directors and executive officers, together 34.30%
John S. Stafford, III** 24.20%
Susan Yang Stafford Susan Yang Stafford 12.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Aware, Inc. (AWRE) Latest News

2 Nov

Impact 3 · · Zacks

29 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Moby transcript
Impact 3 · · Associated Press Finance

28 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press earnings
Impact 3 · · Simply Wall St.

30 Jul

Impact 3 ·

29 Jul

Impact 3 ·

9 Jun

Impact 3 · · GlobeNewswire

13 May

Impact 4 · · GlobeNewswire

4 May

Impact 3 · · Zacks

30 Apr

Impact 4 ·
Impact 3 · · Moby

29 Apr

Impact 4 · · GlobeNewswire

20 Apr

Impact 4 ·

14 Apr

Impact 4 · · GlobeNewswire

31 Mar

Impact 4 · · GlobeNewswire

9 Mar

Impact 3 · · Zacks

5 Mar

Impact 4 · · Moby
Impact 3 · · GuruFocus.com

4 Mar

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance

17 Feb

Impact 4 · · GlobeNewswire

17 Jan

Impact 4 · · Simply Wall St.

4 Nov

Impact 3 · · ZacksMotley FoolAssociated Press Finance

30 Oct

Impact 4 · · The Motley Fool transcript
Impact 3 · · GuruFocus.comMotley FoolAssociated Press FinanceGuruFocus.comGuruFocus.com

14 Oct

Impact 4 · · GlobeNewswire

10 Sep

Impact 3 · · Simply Wall St.
stockrow.com/AWRE · Data as of Nov 6, 2026 · For information only; not investment advice. · © 2026 stockrow.com