Filing Flows › Aware (AWRE) › Q1 2025
Aware (AWRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
Aware (AWRE) reported revenue of $3.6M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -25% from the quarter before. Operating margin was -51.3%, net loss $1.6M (44.3% of revenue).
Aware, Q1 2025: revenue $3.6M (-18% year over year), operating margin -51.3%, net loss $1.6M, operating cash flow −$2.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6M | -25% | -18% |
| Operating profit | −$1.9M | — | — |
| Net earnings | −$1.6M | — | — |
| Operating cash flow | −$2.9M | — | — |
What changed
Revenue was $3.6M in Q1 2025, down 18% year over year and down 25% from the previous quarter. Maintenance was the largest line at 60% of revenue. License and Service lost $831K year over year (down 39%), 102% of the total change.
Operating costs exceeded revenue by $1.9M, an operating margin of -51.3%. Total costs fell 4% while revenue fell 18%. The quarter ended with a net loss of $1.6M, wider than the previous quarter's $1.2M loss.
Operating cash flow was −$2.9M. Non-cash charges added back $144K of depreciation and amortization and $180K of share-based compensation. Working capital and other items used $1.7M. Capital expenditures of $45K exceeded it, leaving free cash flow of −$3.0M.
Questions
What was Aware's revenue in the first quarter 2025?
Aware (AWRE) reported revenue of $3.6M for the first quarter 2025 (Q1 2025), -18% from a year earlier and -25% from the quarter before.
Was Aware profitable in the first quarter 2025?
Operating loss was $1.9M (-51.3% of revenue) and net loss $1.6M.
Source: Aware 10-Q on SEC EDGAR.