Flagship explainer

How AWARE, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$17.3M · 100%Cost of revenue$1.3M · 8%Gross profit$16M · 92%Operating income−$6.6M · −38%Income before tax−$5.6M · −32%Income tax$257000 · 1%Net income−$5.9M · −34%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$17.3M100%
Cost of revenue$1.3M8%
$16M92%
−$6.6M−38%
Income before tax−$5.6M−32%
Income tax$2570001%
−$5.9M−34%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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