Aware Inc (NASDAQ: AWRE) is a biometrics software company that develops and sells software products and solutions for secure enrollment, authentication, identification, and biometric matching. Revenue comes primarily from perpetual and fixed-term software licenses, with a small and growing SaaS component: SaaS revenue was $0.4 million in FY2025 and $0.1 million in FY2024. The company also derives a portion of revenue from imaging software licenses sold to OEMs and systems integrators for use in medical imaging products. Aware sells globally through systems integrators, OEMs, value-added resellers, partners, and direct end-user channels. Incorporated in Massachusetts in 1986 and headquartered in Burlington, Massachusetts, Aware held $22.3 million in cash, cash equivalents, and marketable securities as of December 31, 2025. Officers, directors, and holders of at least 5% of outstanding shares controlled approximately 42% of outstanding common stock as of the same date.

Revenue model

Perpetual and fixed-term software licenses are the primary revenue source. SaaS revenue from AwareID (the SaaS component of AwareSDK) was $0.4 million in FY2025 and $0.1 million in FY2024. A secondary revenue stream comes from imaging software licenses sold to OEMs and systems integrators for medical imaging applications.

Products and services

Biometric SDKs, APIs, applications, and subsystems for enrollment, matching, and authentication. BioComponents bundles offerings as applications with a user interface. AwareID is the SaaS component of AwareSDK. Products support biometric search and matching against databases, biometric image enrollment and processing on workstations, and image compression. Imaging software is licensed separately for medical imaging products.

Customers and end markets

Government end markets include border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control, and background checks. Commercial end markets include user authentication for mobile devices, computers, and networks; financial transaction authentication; physical access control to buildings; and identity proofing of prospective employees and customers. Customers include systems integrators, OEMs, value-added resellers, and direct end users.

Value-chain role

Aware is a software developer and licensor sitting upstream of system deployment. It supplies biometric software building blocks (SDKs, APIs, libraries) and bundled applications to systems integrators, OEMs, and VARs who incorporate them into larger government and commercial identity systems. It does not manufacture hardware.

Geographic exposure

Global sales, distribution through systems integrators, OEMs, VARs, partners, and direct channels. Headquarters in Burlington, Massachusetts. No country-level revenue breakdown is provided in the filing excerpts.

Source: SEC 10-K, filed 2026-03-06

Industry: Services-Prepackaged Software Peers: Ton Strategy Co Bitmine Immersion Technologies Inc Investview Inc Intellicheck Inc NetSol Technologies Inc Rekor Systems Inc Salesforce Inc Stronghold Digital Mining, Inc.