Filing Flows › Aware (AWRE) › Q4 2025
Aware (AWRE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Aware (AWRE) reported revenue of $4.7M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -9% from the quarter before. Operating margin was -31.1%, net loss $1.5M (31.2% of revenue).
Aware, Q4 2025: revenue $4.7M (-3% year over year), operating margin -31.1%, net loss $1.5M, operating cash flow $1.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | -9% | -3% |
| Operating profit | −$1.4M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | $1.0M | — | +53% |
| Free cash flow | $926K | — | +36% |
What changed
Revenue was $4.7M in Q4 2025, down 3% year over year and down 9% from the previous quarter. License and Service was the largest line at 44% of revenue.
Operating costs exceeded revenue by $1.4M, an operating margin of -31.1%. Total costs fell 3% while revenue fell 3%. The fastest-growing cost line was Cost of revenue (+1278%). The quarter ended with a net loss of $1.5M, wider than the previous quarter's $1.1M loss.
Operating cash flow was $1.0M (up 53% year over year). Non-cash charges added back $141K of depreciation and amortization and $264K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $120K left free cash flow of $926K.
Questions
What was Aware's revenue in the fourth quarter 2025?
Aware (AWRE) reported revenue of $4.7M for the fourth quarter 2025 (Q4 2025), -3% from a year earlier and -9% from the quarter before.
Was Aware profitable in the fourth quarter 2025?
Operating loss was $1.4M (-31.1% of revenue) and net loss $1.5M.
Source: Aware 10-K on SEC EDGAR.