VisionWave Holdings, Inc (VWAVW) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Aug 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VWAVW SEC filings page.
This page shows VisionWave Holdings, Inc (VWAVW) 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).
External financing supports a liability-heavy balance sheet while operating losses persist and revenue is absent from the reported dataset.
Operating cash flow was-$2.8M while financing cash flow provided$5.0M , indicating that FY2025 cash needs were met through financing rather than operations. Total liabilities of$14.5M exceeded total assets of$2.7M , producing negative equity and leaving obligations larger than the recorded asset base.
A 0.2x current ratio means current assets were only a fraction of current liabilities, so short-term balance-sheet flexibility was limited despite the financing inflow. Revenue, free cash flow, and the liquidity comparison were not reported, preventing a broader assessment of operating scale or cash resources.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
VisionWave Holdings, Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
VisionWave Holdings, Inc reported a net loss of $6.5M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
VisionWave Holdings, Inc reported an operating loss of $6.7M against $59K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
VisionWave Holdings, Inc generated $286K in revenue in Q3 2026.
VisionWave Holdings, Inc's EBITDA was -$9.8M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 6602.7% from the same quarter a year earlier. Against the prior quarter it is down 82.9%.
VisionWave Holdings, Inc reported -$25.9M in net income in Q3 2026. This represents a decrease of 16573.4% from the same quarter a year earlier. Against the prior quarter it is down 100.9%.
VisionWave Holdings, Inc earned -$1.19 per diluted share (EPS) in Q3 2026. Against the prior quarter it is down 80.3%.
Cash & Balance Sheet
VisionWave Holdings, Inc held $26K in cash as of Q3 2026; long-term debt is not reported for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
VisionWave Holdings, Inc's gross margin was 40.0% in Q3 2026, indicating the percentage of revenue retained after direct costs.
VisionWave Holdings, Inc's ROE was -20.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 6.9 percentage points.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
VisionWave Holdings, Inc invested $748K in research and development in Q3 2026. This represents an increase of 8648.3% from the same quarter a year earlier. Against the prior quarter it is up 175.4%.
Not reported for Q3 2026.
Not reported for Q3 2026.
VWAVW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-K | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-K | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $286K | N/A | $10.0M | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $172K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $115K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $748K+8648.3% | $272K | $315K | N/A | $9K | N/A | N/A | N/A |
| SG&A Expenses | $6.0M+4405.8% | $2.9M+2122.9% | $4.7M+3155.6% | N/A | $133K | $131K | $144K | N/A |
| Operating Income | -$18.1M-12322.2% | -$11.1M-7633.7% | -$6.6M-3123.8% | N/A | -$146K+58.1% | -$143K | -$204K | N/A |
| EBITDA | -$9.8M-6602.7% | -$5.4M-3644.8% | -$6.4M-3065.5% | N/A | -$146K | -$143K | -$204K | N/A |
| Interest Expense | $5.2M | $2.2M | $143K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | $336-96.2% | N/A | N/A | N/A |
| Net Income | -$25.9M-16573.4% | -$12.9M-44661.4% | -$6.9M-3304.6% | N/A | -$156K-1.6% | -$29K-2.2% | -$204K | N/A |
| EPS (Basic) | -$1.19-11800.0% | -$0.66 | -$0.46-2200.0% | -$0.52 | -$0.01+75.0% | $0.00 | -$0.02 | N/A |
| EPS (Diluted) | -$1.19 | -$0.66 | -$0.46 | -$0.52 | -$0.01 | $0.00 | -$0.02 | N/A |
| Diluted Shares (Avg) | 22M | 20M | 15M | N/A | 11M | 11M | 11M | N/A |
VWAVW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-K | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-K | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $179.8M+15222.2% | $135.7M+57267.5% | $18.4M+388.2% | $2.7M+20593.2% | $1.2M | -$237K | $3.8M | $13K |
| Current Assets | $6.3M+131248.6% | $15.1M | $4.0M+29146.3% | $2.7M+89240.8% | $5K | N/A | $14K | $3K |
| Cash & Equivalents | $26K | $16K-74.2% | $16K | $0 | $0-100.0% | $61K | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $592K | $592K | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $39.8M+389.5% | $37.1M+55782.5% | $15.3M+279.1% | $14.5M+17120.9% | $8.1M | $66K | $4.0M | $84K |
| Current Liabilities | $39.6M+529.1% | $37.1M+55782.5% | $15.3M | $14.5M+473998.8% | $6.3M | $66K | N/A | $3K |
| Non-Current Liabilities | $185K-89.9% | $0 | $0+100.0% | $0-100.0% | $1.8M | $0 | -$1.4M | $81K |
| Total Equity | $129.7M+1965.4% | $98.6M+32583.3% | $3.1M+1214.0% | -$11.8M-16485.5% | -$7.0M-47.7% | -$304K+93.0% | -$275K | -$71K |
| Retained Earnings | -$60.8M-771.4% | -$35.0M-52615.2% | -$22.0M-266.9% | -$15.1M-4449.2% | -$7.0M | -$66K | -$6.0M | -$332K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Long-Term Debt.
VWAVW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-K | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-K | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6.0M-10415.6% | -$3.4M-1951.7% | -$5.4M-5087.4% | -$2.7M | -$57K | -$165K | $108K | N/A |
| Depreciation & Amortization | $8.4M | $5.7M | $119K | N/A | $0 | $0 | $0 | N/A |
| Investing Cash Flow | -$3.0M | -$3.5M | -$329K | $0 | $0 | N/A | N/A | N/A |
| Financing Cash Flow | -$389K | $18.5M | $6.1M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
VWAVW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-K | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-K | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -6336.8% | N/A | -65.7% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -9055.9% | N/A | -69.4% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -20.0% | -13.1% | -226.5% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -14.4%-1.2pp | -9.5%-21.7pp | -37.8%-32.4pp | N/A | -13.3% | 12.2% | -5.4% | N/A |
| Current Ratio | 0.16+0.2x | 0.41 | 0.26 | 0.19-0.8x | 0.00 | N/A | N/A | 0.99 |
| Debt-to-Equity | 0.31 | 0.38 | 5.00 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.00 | N/A | 0.54 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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.
Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| VisionWave Holdings, Inc VWAVW | FY2025 | N/A | -$6.5M | N/A | N/A | — |
| New Horizon Aircraft HOVRW | FY2023 | N/A | $8.6M | N/A | N/A | — |
| Outdoor Holding Company POWWP | FY2026 | $51.1M | -$3.5M | -6.9% | N/A | 46/100 |
| SIFCO INDS INC SIF | FY2025 | $84.8M | -$729K | -0.9% | $130.8M | 51/100 |
| XTI Aerospace XTIA | FY2025 | $22.5M | -$68.8M | N/A | $40.0M | 32/100 |
| Sidus Space Inc SIDU | FY2025 | $3.4M | -$29.5M | N/A | $202.5M | 30/100 |
Where VisionWave Holdings, Inc Ranks
Frequently Asked Questions
Is VisionWave Holdings, Inc profitable?
No, VisionWave Holdings, Inc (VWAVW) reported a net income of -$6.5M in fiscal year 2025.
What is VisionWave Holdings, Inc's operating cash flow?
VisionWave Holdings, Inc (VWAVW) recorded an outflow of $2.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are VisionWave Holdings, Inc's total assets?
VisionWave Holdings, Inc (VWAVW) 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 (VWAVW) invested $156K in research and development during fiscal year 2025.
What is VisionWave Holdings, Inc's current ratio?
VisionWave Holdings, Inc (VWAVW) had a current ratio of 0.19 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is VisionWave Holdings, Inc's return on assets (ROA)?
VisionWave Holdings, Inc (VWAVW) had a return on assets of -243.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is VisionWave Holdings, Inc's debt-to-equity ratio negative or not reported?
VisionWave Holdings, Inc (VWAVW) has negative shareholder equity of -$11.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 (VWAVW) reported a net loss of $6.5M while operations used $2.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 (VWAVW) reported an operating loss of $6.7M against $59K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.