BIO-key (BKYI) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

BIO-key Revenue Highlights

Latest Revenue (Y)

$6.10M

Latest Revenue (Q)

$2.15M

Main Segment (Y)

License

Main Geography (Y)

North America

BIO-key Revenue by Period

BIO-key Revenue by Year

Date	Revenue	Change
2025-12-31	$6.10M	-12.04%
2024-12-31	$6.93M	-10.64%
2023-12-31	$7.75M	10.46%
2022-12-31	$7.02M	37.26%
2021-12-31	$5.11M	80.29%
2020-12-31	$2.84M	25.10%
2019-12-31	$2.27M	-43.94%
2018-12-31	$4.04M	-35.83%
2017-12-31	$6.30M	111.81%
2016-12-31	$2.98M	-43.44%
2015-12-31	$5.26M	31.34%
2014-12-31	$4.01M	101.71%
2013-12-31	$1.99M	-48.23%
2012-12-31	$3.84M	9.32%
2011-12-31	$3.51M	-0.33%
2010-12-31	$3.52M	49.34%
2009-12-31	$2.36M	-81.69%
2008-12-31	$12.88M	28.91%
2007-12-31	$9.99M	-34.26%
2006-12-31	$15.19M	6.80%
2005-12-31	$14.23M	155.95%
2004-12-31	$5.56M	960.53%
2003-12-31	$524.10K	237.26%
2002-12-31	$155.40K	100.00%
2001-12-31	-	100.00%
2000-12-31	-	-100.00%
1999-12-31	$157.97K	-58.92%
1998-12-31	$384.58K	-17.15%
1997-12-31	$464.17K	1350.53%
1996-12-31	$32.00K	-

BIO-key generated $6.10M in revenue during NA 2025, up -12.04% compared to the previous quarter, and up 214.86% compared to the same period a year ago.

BIO-key Revenue by Quarter

Date	Revenue	Change
2026-03-31	$2.15M	72.84%
2025-12-31	$1.24M	-19.90%
2025-09-30	$1.55M	-8.67%
2025-06-30	$1.70M	5.58%
2025-03-31	$1.61M	9.91%
2024-12-31	$1.46M	-31.82%
2024-09-30	$2.14M	87.93%
2024-06-30	$1.14M	-47.68%
2024-03-31	$2.18M	135.78%
2023-12-31	$925.10K	-49.09%
2023-09-30	$1.82M	-5.80%
2023-06-30	$1.93M	-11.67%
2023-03-31	$2.18M	24.19%
2022-12-31	$1.76M	28.02%
2022-09-30	$1.37M	-29.46%
2022-06-30	$1.95M	0.31%
2022-03-31	$1.94M	107.63%
2021-12-31	$934.93K	-28.02%
2021-09-30	$1.30M	30.92%
2021-06-30	$992.09K	-47.47%
2021-03-31	$1.89M	77.53%
2020-12-31	$1.06M	12.77%
2020-09-30	$943.33K	207.13%
2020-06-30	$307.14K	-41.22%
2020-03-31	$522.49K	-2.30%
2019-12-31	$534.81K	18.13%
2019-09-30	$452.71K	-37.85%
2019-06-30	$728.38K	32.04%
2019-03-31	$551.62K	-67.84%
2018-12-31	$1.72M	131.86%
2018-09-30	$739.75K	-1.12%
2018-06-30	$748.14K	-11.09%
2018-03-31	$841.46K	-72.46%
2017-12-31	$3.06M	224.20%
2017-09-30	$942.42K	6.26%
2017-06-30	$886.88K	-37.47%
2017-03-31	$1.42M	-16.46%
2016-12-31	$1.70M	293.52%
2016-09-30	$431.46K	3.76%
2016-06-30	$415.81K	-3.43%
2016-03-31	$430.59K	-74.21%
2015-12-31	$1.67M	149.27%
2015-09-30	$669.85K	-70.53%
2015-06-30	$2.27M	250.29%
2015-03-31	$648.83K	-31.82%
2014-12-31	$951.70K	-25.87%
2014-09-30	$1.28M	218.74%
2014-06-30	$402.79K	-70.55%
2014-03-31	$1.37M	317.56%
2013-12-31	$327.50K	-24.12%
2013-09-30	$431.58K	2.21%
2013-06-30	$422.26K	-47.52%
2013-03-31	$804.64K	-45.74%
2012-12-31	$1.48M	261.74%
2012-09-30	$409.92K	-23.05%
2012-06-30	$532.71K	-62.23%
2012-03-31	$1.41M	158.58%
2011-12-31	$545.45K	-4.99%
2011-09-30	$574.09K	-41.67%
2011-06-30	$984.15K	-29.96%
2011-03-31	$1.41M	148.78%
2010-12-31	$564.81K	3.37%
2010-09-30	$546.38K	-61.87%
2010-06-30	$1.43M	46.80%
2010-03-31	$976.17K	-3.74%
2009-12-31	$1.01M	93.39%
2009-09-30	$524.35K	-80.67%
2009-06-30	$2.71M	-12.27%
2009-03-31	$3.09M	-20.16%
2008-12-31	$3.87M	34.35%
2008-09-30	$2.88M	-19.48%
2008-06-30	$3.58M	40.92%
2008-03-31	$2.54M	-3.85%
2007-12-31	$2.64M	-

BIO-key generated $2.15M in revenue during Q1 2026, up 72.84% compared to the previous quarter, and up 146.73% compared to the same period a year ago.

BIO-key Revenue Breakdown

BIO-key Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 22	Dec 19
Hardware	$1.34M	$631.70K	$1.19M	$646.49K	-
Service	$1.17M	$1.11M	$2.22M	$925.25K	-
License	$3.42M	$5.19M	$4.34M	-	-

BIO-key's latest annual revenue breakdown by segment (product or service), as of Dec 25: License (57.66%), Hardware (22.60%), and Service (19.74%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
Hardware	$173.88K	$363.64K	$568.82K	$235.80K	$94.13K	$436.42K	$83.49K	$17.65K	$769.43K	$279.20K	$72.69K	-	-	-	-	-	-	-	-	-
License	$600.50K	$917.95K	$806.09K	$1.10M	$1.02M	$1.44M	$774.23K	$1.95M	$3.39M	$950.01K	-	-	-	-	-	-	-	-	-	-
Service	$309.40K	$268.11K	$322.00K	$272.60K	$344.44K	$267.37K	$283.57K	$213.12K	$478.00K	$587.89K	$620.47K	$207.52K	$214.27K	$237.37K	$231.99K	$241.61K	$235.27K	$225.74K	$249.12K	$302.45K

BIO-key's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: License (55.41%), Service (28.55%), and Hardware (16.04%).

BIO-key Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 25	Dec 24	Dec 23	Dec 22	Dec 21
EMESA	$2.25M	$1.72M	$3.80M	-	-
North America	$2.67M	$3.46M	$3.24M	$422.27K	$1.16M
Africa	$781.77K	$1.65M	-	-	-
Asia	$232.26K	$91.31K	$67.84K	$13.91K	-
South America	-	-	$654.45K	$42.00K	-
EMEA	-	-	-	-	$54.92K

BIO-key's latest annual revenue breakdown by geography, as of Dec 25: North America (44.99%), EMESA (37.93%), Africa (13.17%), and Asia (3.91%).

Quarterly Revenue by Country

Country	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
EMESA	$210.67K	$664.08K	$969.44K	$408.13K	$434.61K	$884.43K	$235.99K	$166.26K	$2.77M	$1.02M	$69.09K	$111.34K	$24.84K	-	-	-	-	-	-	-
North America	$795.98K	$681.70K	$615.25K	$578.28K	$907.52K	$979.92K	$848.68K	$728.13K	$1.07M	$768.70K	$280.19K	$301.09K	$355.63K	$270.67K	$259.96K	$272.28K	$359.61K	$439.54K	$450.99K	-
Africa	$65.56K	$63.48K	$63.48K	$589.25K	$1.35M	$258.46K	$43.42K	-	-	-	-	-	-	-	-	-	-	-	-	-
Asia	$11.58K	$140.45K	$48.73K	$31.50K	$56.11K	$22.00K	$13.20K	-	-	-	-	-	$53.00	$3.71K	$3.78K	$3.90K	$2.52K	$3.85K	$3.85K	-
South America	-	-	-	-	-	-	-	$1.29M	$602.43K	$26.01K	$26.01K	$22.68K	-	$15.28K	-	$42.00K	-	$684.84K	$3.75K	$13.80K
EMEA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$13.81K	$12.76K	$10.46K	$17.89K	$56.53K	$22.89K

BIO-key's latest quarterly revenue breakdown by geography, as of Dec 25: North America (73.44%), EMESA (19.44%), Africa (6.05%), and Asia (1.07%).

BIO-key Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
BAER	Bridger Aerospace Group	$122.83M	$8.51M
SUNE	SUNation Energy	$79.63M	$7.19M
PMAX	Powell Max Limited Class A Ordinary Shares	$36.46M	$3.07M
RAYA	Erayak Power Solution Group	$20.32M	$10.83M
CIGL	Concorde Group	$10.66M	$6.50M
XPON	Expion360	$9.65M	$1.57M
BKYI	BIO-key	$6.10M	$2.15M
IVDA	Iveda Solutions	$5.28M	$1.49M
RVSN	Rail Vision	$421.00K	$142.00K
DGLY	Digital Ally	$100.00	$4.54M

BKYI Revenue FAQ

What is BIO-key’s yearly revenue?

BIO-key's yearly revenue for 2025 was $6.1M, representing a decrease of -12.04% compared to 2024. The company's yearly revenue for 2024 was $6.93M, representing a decrease of -10.64% compared to 2023. BKYI's yearly revenue for 2023 was $7.75M, representing an increase of 10.46% compared to 2022.

What is BIO-key’s quarterly revenue?

BIO-key's quarterly revenue for Q1 2026 was $2.15M, a 72.84% increase from the previous quarter (Q4 2025), and a 33.50% increase year-over-year (Q1 2025). The company's quarterly revenue for Q4 2025 was $1.24M, a -19.90% decrease from the previous quarter (Q3 2025), and a -15.11% decrease year-over-year (Q4 2024). BKYI's quarterly revenue for Q3 2025 was $1.55M, a -8.67% decrease from the previous quarter (Q2 2025), and a -27.75% decrease year-over-year (Q3 2024).

What is BIO-key’s revenue growth rate?

BIO-key's revenue growth rate for the last 3 years (2023-2025) was -21.40%, and for the last 5 years (2021-2025) was 19.17%.

What are BIO-key’s revenue streams?

BIO-key's revenue streams in c 25 are Hardware, Service, and License. Hardware generated $1.34M in revenue, accounting 22.60% of the company's total revenue, up 112.47% year-over-year. Service generated $1.17M in revenue, accounting 19.74% of the company's total revenue, up 5.74% year-over-year. License generated $3.42M in revenue, accounting 57.66% of the company's total revenue, down -34.03% year-over-year.

What is BIO-key’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of BIO-key was License. This segment made a revenue of $3.42M, representing 57.66% of the company's total revenue.