Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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. (AWRE) reported third-quarter revenue of $4,417,000, versus $5,129,000 a year earlier, and a net loss of $791,000, compared with $1,053,000. Operating loss was $940,000, versus $1,295,000. For the first nine months, revenue was $11,058,000 versus $12,630,000, while net loss was $6,814,000 versus $4,420,000.
Lower software-license revenue was the main reason for the revenue decline; maintenance revenue also fell as certain long-standing customers did not renew or reduced contract scope. Nine-month operating loss was $7,330,000 versus $5,107,000; Aware attributed the increase mainly to lower revenue, severance charges and increased salary-related costs associated with additional 2025 headcount. The company linked lower selling and marketing and general and administrative expenses to lower personnel costs under its March 2026 cost-saving plan.
At September 30, 2026, cash, cash equivalents and marketable securities totaled $15.4 million, down $6.9 million from December 31, 2025. Operating activities used $6,872,000 in cash in the first nine months, versus $6,444,000 in 2025. Aware said it believes these resources will be sufficient to fund operations for at least the next twelve months.
Aware, Inc. reported Q2 2026 revenue of $3.3 million and an operating loss of $2.7 million, compared with $3.9 million of revenue and a $2.0 million operating loss a year earlier. For the first six months of 2026, revenue was $6.6 million and operating loss was $6.4 million, versus $7.5 million and $3.8 million in the prior-year period.
Lower software license sales drove most of the revenue decline, while higher engineering and severance costs increased expenses. SaaS revenue grew to $0.3 million for the first half from $0.1 million, reflecting expansion of subscription-based contracts, and software maintenance remained the largest revenue stream.
Net cash used in operating activities was $5.4 million in the first half. Cash, cash equivalents and marketable securities totaled $16.8 million as of June 30, 2026, and management states this is sufficient to fund operations for at least the next twelve months. No goodwill impairment was recorded and disclosure controls were deemed effective.
Aware, Inc. reported Q1 2026 revenue of $3.4 million and an operating loss of $3.7 million, compared with revenue of $3.6 million and an operating loss of $1.9 million a year earlier. Net loss widened to $3.5 million, or $0.16 per share.
Software license revenue fell to $1.0 million, while software maintenance held steady at $2.1 million and services and other revenue rose to $0.3 million, helped by higher SaaS revenue of $148 thousand. Total engineering costs increased to $3.3 million, reflecting higher headcount and severance.
In March 2026, the company implemented a cost‑saving plan, recording about $0.7 million of one‑time severance tied to workforce reductions. Aware ended the quarter with $19.6 million in cash, cash equivalents, and marketable securities and used $2.7 million of cash in operating activities, while stating its belief that current liquidity is sufficient for at least the next twelve months.
Aware, Inc. (AWRE) reported Q3 2025 results with revenue of $5.1 million, up from $3.8 million a year ago, driven by a $1.4 million increase in software license sales. The company posted a net loss of $1.1 million versus a $1.2 million loss last year, as higher revenue offset increased operating expenses tied to added headcount.
For the nine months, revenue was $12.6 million, roughly flat year over year, with a net loss of $4.4 million versus $3.2 million last year. Cash, cash equivalents, and marketable securities totaled $22.5 million as of September 30, 2025, after $6.4 million used in operating activities. Deferred revenue reached $6.5 million, reflecting contracted work to be recognized over time. Common shares outstanding were 21,373,696 as of October 28, 2025. Management noted stronger license mix in the quarter and continued investment in R&D and go-to-market while maintaining effective disclosure controls.