AWARE INC /MA/

AWARE INC /MA/

AWREInfrastructure

Aware works in a narrow but important corner of tech.

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
2.3x
+0.3x
ARR
$13M
-3.9%
YoY Growth
-16.5%
-10.3pp
Market Cap
$29M
+8.4%
Revenue (Q)
$3M
-3.9%
Gross Margin
84.0%
-6.1pp
Op. Margin
-84.2%
+23.3pp
Rule of 40
-100.6
+13.0
Magic Number
-0.29
+2.90

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data.

AI Replacement Risk
9/ 100
LowHigh

Estimated likelihood that general-purpose AI replaces this product.

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Valuation by quarter

Current ARR Multiple: 2.3x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

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Company overview

Aware works in a narrow but important corner of tech. Biometrics. The company has operated for decades and is based near Boston in Burlington, Massachusetts.

Biometrics means proving who you are with your body. A fingerprint. A face. A voice. Aware builds the software that captures those traits and matches them reliably.

Its tools show up in places most people never think about. Governments use Aware software to enroll citizens and run large identity programs. Law enforcement agencies use it to match fingerprints. Banks use its Knomi platform to let customers unlock accounts with a face or voice scan on a phone.

Suppose a bank wants to stop account takeovers. It can ask a customer to glance at the camera during login. Aware checks that the face is live and real, not a photo held up to trick the system. That quick liveness check blocks a common fraud trick.

Aware is a small company. Revenue runs in the range of $15 million to $20 million a year, and results can swing with the timing of big government deals. The company has shifted toward recurring software licenses to smooth out those bumps. It is a pure play bet on a world that keeps replacing passwords with faces and fingerprints.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedMassachusetts
Phone(781) 382-5160
Address76 BLANCHARD ROAD, BURLINGTON, MA, 01803
Mailing address76 BLANCHARD ROAD, BURLINGTON, MA, 01803
EIN04-2911026
Entity typeoperating
SEC industry framework06 Technology

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.