Every 10-Q that VisionWave Holdings, Inc. (VWAV) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VWAV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VWAV filings page.
VisionWave Holdings, Inc. (VWAV) reports results for the quarter ended June 30, 2026, reflecting a rapid scale-up via acquisitions but very heavy losses. Revenue was $286,339 versus none a year earlier, while operating expenses surged to $18.3 million in the quarter and $35.9 million for the nine months, driven largely by G&A, sales and marketing, and $14.2 million of depreciation and amortization on newly acquired intangibles.
The company posted a quarterly net loss attributable to shareholders of $25.8 million and a nine‑month loss of $45.7 million, compared with $388,087 for the prior‑year period. Total assets expanded to $179.8 million, including $159.3 million of intangible assets from Solar Drone and other deals. At June 30, 2026, cash was $4.9 million, with a working capital deficit of $33.3 million and current promissory and convertible debt totaling over $28 million. VisionWave raised liquidity through a $50 million Standby Equity Purchase Agreement (of which $10.5 million has been drawn), new promissory notes, warrant exercises, and a Funding Support Agreement under which principal shareholder Stanley Hills has committed to fund working capital needs through August 28, 2027, which management states alleviates prior substantial doubt about going concern.
VisionWave Holdings Inc. reported a sharp expansion of its balance sheet for the quarter ended March 31, 2026, driven by two major technology asset acquisitions. Total assets rose to $135.7 million, including $113.9 million of intangible assets from the Solar Drone and QuantumSpeed intellectual property deals.
The company remains pre‑revenue in this excerpt but is spending heavily to build its platform. Operating expenses reached $11.1 million for the quarter and $17.6 million for the six months, leading to a quarterly net loss of $12.9 million and a six‑month net loss of $19.8 million, or $1.14 per share over six months.
VisionWave ended the period with $14.3 million in cash, boosted by $24.6 million of financing cash inflows, including a $20 million senior loan with original issue discount and warrant coverage, SEPA drawdowns, and warrant exercises. Despite a working capital deficit of $21.9 million and accumulated deficit of $35.0 million, management cites a binding funding support agreement with principal shareholder Stanley Hills, LLC, which commits to cover working capital needs through May 20, 2027, as alleviating substantial doubt about going concern.
VisionWave Holdings Inc. reported a net loss of $6,935,915 for the quarter ended December 31, 2025, driven by sharply higher operating expenses of $6,567,681 as it scales its drone technology business. Basic and diluted loss per share was $0.46 on 15,154,188 weighted-average shares.
Total assets rose to $18,370,058 from $2,693,013 at September 30, 2025, mainly from the Solar Drone asset acquisition, which added intellectual property with a fair value of $14,029,591. Stockholders’ equity improved to $3,061,839 from a deficit of $(11,795,447).
Liquidity remains tight: cash was $2,646,570, current liabilities were $15,308,219, and working capital deficit was $11,306,151. The company relies on external financing, including $5,000,000 of SEPA-related convertible notes (fair value $4,839,333) and additional convertible notes, plus a funding support agreement under which Stanley Hills committed to cover working capital needs through February 17, 2027. As of February 17, 2026, 19,591,163 common shares were outstanding.
VisionWave Holdings (VWAV) filed an amended Q2 2025 10‑Q to reflect its July 14, 2025 business combination with VisionWave Technologies and Bannix Acquisition Corp., accounted for as a reverse recapitalization. Because the merger closed after the period, the results presented reflect Bannix’s historical operations through June 30, 2025; VW Tech will be consolidated beginning with the quarter ending September 30, 2025.
For Q2 2025, the company reported a net loss of $434,294 and a six‑month net loss of $861,759. As of June 30, 2025, total assets were $1,173,459 (including $1,168,644 in the Trust Account), total liabilities were $7,515,898, redeemable common stock was $608,298, and stockholders’ deficit was $(6,950,737). Cash was $885, and the working capital deficit was $6,287,377.
Shareholder redemptions continued ahead of the merger, including 83,313 shares for $972,722 approved on May 22, 2025 and paid in July. Following closing, Common Stock (VWAV) and Warrants (VWAVW) trade on Nasdaq. As of November 4, 2025, 14,996,603 common shares were issued and outstanding.
VisionWave Holdings, Inc. filed a 10-Q containing unaudited interim disclosures and transactional agreements. The company reports a minimal capitalization with 1 share of common stock issued and outstanding and references a stockholder's deficit and related-party-funded accrued expenses. Management disclosed a contemplated $10,000,000 equity or equity-linked Offering to be marketed on a "commercially reasonable efforts" basis with no assurance of completion; engagement terms include a 7% cash placement fee to Maxim and reimbursement of up to $25,000 in expenses. Executive compensation and grants are detailed, including an election by Mr. Shuss to receive 6,556 shares using a closing price of $11.44 (Sept 8, 2025) and potential awards of restricted stock and cash totaling specified amounts.
The filing discloses convertible financing arrangements: a $2,000,000 Second Pre-Paid Advance/Second Note with a purchase price of $1,880,000 (94%) and a similar $2,000,000 New Note. Conversion terms reference a Fixed Price of $10.00 per share or a Variable Price at 93% of the lowest five‑day VWAP before conversion (floor not below $1.00 and adjustable per specified conditions). Conversions are subject to a 4.99% beneficial ownership limit and an Exchange Cap of 19.99%. The document includes standard notes on warrant classification and signature dates in October 2025.