Here are the 10-K annual reports from Aware Inc (AWRE) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow AWRE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AWRE filings page.
Aware, Inc. filed an amended annual report to add Part III information on directors, executive compensation, ownership, and auditor matters because its proxy statement was not filed within 120 days of year-end. The amendment states that all other disclosures from the original Form 10‑K remain unchanged.
The filing describes a leadership transition to CEO Ajay Amlani in February 2025 and outlines committee structures, governance policies, and related-party review procedures. It details 2025 executive pay, equity awards, and a pay‑versus‑performance analysis, noting that 2025 revenue of $17.3 million and EBITDA loss of $3.9 million resulted in no bonuses under the 2025 executive bonus plan.
Aware, Inc. is a Massachusetts-based biometrics software company focused on fingerprint, face, iris and voice identification for government and commercial customers. It sells licenses, maintenance, SaaS and services through integrators, OEMs, partners and direct channels.
In 2025, total revenue was $17.3 million, essentially flat versus 2024’s $17.4 million, while the operating loss widened to $6.6 million from $5.5 million as research and development, cost of revenue and general and administrative expenses increased. SaaS revenue grew to $0.4 million from $0.1 million, reflecting early traction for its cloud-based offerings.
Cash, cash equivalents and marketable securities totaled $22.3 million at December 31, 2025, and the company reported no material legal proceedings or cybersecurity incidents. Aware employed 80 people and continues to invest heavily in engineering to expand its biometrics platforms and cloud services despite ongoing net losses.