BIO-Key International Inc
bio-key.comWhat Do They Do?
Sells identity and access software, biometric identification systems, and fingerprint scanners to organizations and software developers.
10-K for FY2025, filed Jun 12, 2026BIO-key International, Inc. (the “Company,” “BIO-key,” “we,” or “us”) is a leading identity and access management (IAM) platform provider…View ↗
BIO-key’s WEB-key is a scalable biometric service management platform, incorporating key functions for regulatory compliance, enrollment…View ↗
We also deliver biometric software integration application programming interfaces, or APIs, allowing software developers to leverage our…View ↗
We also offer a full line of easy to use finger scanners for both enterprise and consumer markets. Our PIV Pro, SidePass®, EcoID II® and…View ↗
How Do They Make Money?
Software licenses are generally invoiced in full when the contract is signed, and hardware is invoiced in full when ordered and shipped to the customer. Support and maintenance is billed in advance over the contract term; consulting is generally billed by time and materials.
10-K for FY2025, filed Jun 12, 2026Software license revenue consists of fees for perpetual and subscription licenses for one or more of the Company’s biometric fingerprint…View ↗
Hardware revenue consists of fees for associated equipment sold with or without a software license arrangement, such as servers, locks and…View ↗
Support and maintenance revenue consists of fees for unspecified upgrades, telephone assistance and bug fixes. The Company satisfies its…View ↗
Professional services revenues consist primarily of fees for deployment and optimization services, as well as training. The majority of the…View ↗
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10-K for FY2025, filed Jun 12, 2026
FY2025 revenue by product or service ↗
$5.9M
-
10-K for FY2025, filed Jun 12, 2026
$5.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service
Recurring
10-K for FY2025, filed Jun 12, 2026 |
20%
FY2022: 25%
|
Service, FY2025
$1.2M Sources
|
Recurring |
|
License
Licensed
10-K for FY2025, filed Jun 12, 2026 |
58%
FY2022: 65%
|
License, FY2025
$3.4M Sources
|
Licensed |
|
Hardware
Sold outright
10-K for FY2025, filed Jun 12, 2026 |
23%
FY2022: 9.2%
|
Hardware, FY2025
$1.3M Sources
|
Sold outright |
Who Are Their Customers?
Organizations and software developers buy BIO-key products directly through its sales teams or indirectly through resellers, system integrators, and distributors; fingerprint readers are also sold directly to end users through Amazon.
10-K for FY2025, filed Jun 12, 2026We also deliver biometric software integration application programming interfaces, or APIs, allowing software developers to leverage our…View ↗
We also offer a full line of easy to use finger scanners for both enterprise and consumer markets. Our PIV Pro, SidePass®, EcoID II® and…View ↗
We sell our products directly through our field and inside sales teams, as well as indirectly through our network of channel partners.…View ↗
Do Revenues Turn Into Profits?
No. It lost $7.2M in FY2025.
10-K for FY2025, filed Jun 12, 2026
−$6.8MView ↗
10-K for FY2025, filed Jun 12, 2026
−$7.2MView ↗
10-K for FY2025, filed Jun 12, 2026
−$4.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$576.9KView ↗
- ▼ −51% (Loss)
- vs −$1.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
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Jul 9, 2026
BIO-key changed its independent auditor
It engaged M&K CPAS and dismissed Bush & Associates.
Sources
8-K, filed Jul 9, 2026
On July 2, 2026, the Audit Committee of the Board of Directors (the “Audit Committee”) of BIO-key International, Inc. (the “Company”)…View ↗
Growing. Revenue grew 16% in 4 years, from $5.1M in FY2021 to $5.9M in FY2025, about 4% a year.
Regional product distribution
BIO-key EMEA's predecessor exclusively distributed the AuthControl product line in the region; the business now sells only BIO-key hardware, software, and services.
10-K for FY2022, filed Jun 1, 2023 10-K for FY2025, filed Jun 12, 2026On March 8, 2022, we expanded our sales and support operation into Europe, Africa and the Middle East (“EMEA”) by acquiring Swivel Secure…View ↗
On March 8, 2022, we expanded our sales and support operation into Europe, Africa and the Middle East (“EMEA”) by acquiring Swivel Secure…View ↗
Who Do They Compete With?
Competes with IDEMIA, Thales, NEC, Neurotechnology, Innovatrics, and Yubico
10-K for FY2025, filed Jun 12, 2026The IAM, MFA and SSO market is characterized by multiple solution providers of solutions in either standalone or IAM suite delivery models.…View ↗
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