VisionWave Holdings, Inc Financials
Financial Health Signals
For every $1 of reported earnings, VisionWave Holdings, Inc generates $0.43 in operating cash flow (-$2.8M OCF vs -$6.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
VisionWave Holdings, Inc earns $-113.6 in operating income for every $1 of interest expense (-$6.7M vs $59K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows VisionWave Holdings, Inc (VWAV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
VisionWave Holdings, Inc reported -$6.5M in net income in fiscal year 2025.
VisionWave Holdings, Inc held $0 in cash against $0 in long-term debt as of fiscal year 2025.
VisionWave Holdings, Inc had 15M shares outstanding in fiscal year 2025.
VisionWave Holdings, Inc invested $156K in research and development in fiscal year 2025.
VWAV Income Statement
| Metric | Q3'25 | Q2'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | -$341K+2.2% | -$348K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $336-96.2% | $9K | N/A |
| Net Income | N/A | -$434K-14376.5% | -$3K | N/A |
| EPS (Diluted) | N/A | $-0.17-325.0% | $-0.04 | N/A |
VWAV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|
| Total Assets | $2.7M+129.5% | $1.2M-68.8% | $3.8M+28815.5% | $13K |
| Current Assets | $2.7M+55823.8% | $5K-64.8% | $14K+354.0% | $3K |
| Cash & Equivalents | $0 | $0 | $0 | $0 |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.5M+78.3% | $8.1M-16.6% | $9.7M+11484.0% | $84K |
| Current Liabilities | N/A | $6.3M+16.0% | $5.4M+177406.9% | $3K |
| Long-Term Debt | N/A | N/A | N/A | N/A |
| Total Equity | -$11.8M-69.7% | -$7.0M-16.2% | -$6.0M-8312.5% | -$71K |
| Retained Earnings | -$15.1M-116.6% | -$7.0M-16.1% | -$6.0M-1709.0% | -$332K |
VWAV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
VWAV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q2'24 | Q3'24 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -37.0%-36.9pp | -0.1% | N/A |
| Current Ratio | N/A | 0.000.0 | 0.00-1.0 | 0.99 |
| Debt-to-Equity | -1.23-0.1 | -1.17+0.5 | -1.63-0.4 | -1.18 |
| FCF Margin | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$11.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
Is VisionWave Holdings, Inc profitable?
No, VisionWave Holdings, Inc (VWAV) reported a net income of -$6.5M in fiscal year 2025.
What is VisionWave Holdings, Inc's operating cash flow?
VisionWave Holdings, Inc (VWAV) generated -$2.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are VisionWave Holdings, Inc's total assets?
VisionWave Holdings, Inc (VWAV) had $2.7M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does VisionWave Holdings, Inc spend on research and development?
VisionWave Holdings, Inc (VWAV) invested $156K in research and development during fiscal year 2025.
How many shares does VisionWave Holdings, Inc have outstanding?
VisionWave Holdings, Inc (VWAV) had 15M shares outstanding as of fiscal year 2025.
What is VisionWave Holdings, Inc's debt-to-equity ratio?
VisionWave Holdings, Inc (VWAV) had a debt-to-equity ratio of -1.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VisionWave Holdings, Inc's return on assets (ROA)?
VisionWave Holdings, Inc (VWAV) had a return on assets of -243.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VisionWave Holdings, Inc's cash runway?
Based on fiscal year 2025 data, VisionWave Holdings, Inc (VWAV) had $0 in cash against an annual operating cash burn of $2.8M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is VisionWave Holdings, Inc's debt-to-equity ratio negative or unusual?
VisionWave Holdings, Inc (VWAV) has negative shareholder equity of -$11.8M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
Are VisionWave Holdings, Inc's earnings high quality?
VisionWave Holdings, Inc (VWAV) has an earnings quality ratio of 0.43x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can VisionWave Holdings, Inc cover its interest payments?
VisionWave Holdings, Inc (VWAV) has an interest coverage ratio of -113.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.