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AIRWA delays quarterly report, notes significant shift

AIRWA INC. reports a late Form 10-Q due to a delayed Form 10-K and signals a shift from royalty income toward advertising and AI services revenue.

(High)
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

AIRWA INC. (YYAI) disclosed that it will file its Quarterly Report on Form 10-Q for the period ended July 31, 2026 late. As a smaller reporting company, the report was due September 14, 2026, but completion was delayed because the company has not yet filed its Form 10-K for the fiscal year ended April 30, 2026.

The company states it is still compiling information and finalizing review of the financial statements and disclosures for the quarter, and it anticipates filing the 10-Q no later than the fifth calendar day after the prescribed due date. AIRWA also indicates it expects a significant change in results of operations versus the prior-year quarter, as it has gained income from advertising and AI services while losing royalty income, and is consolidating results of a recently acquired AI services company.

Positive

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Negative

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Insights

Analyzing...

Quarter end date July 31, 2026 Period covered by the delayed Form 10-Q
Form 10-K fiscal year end April 30, 2026 Year-end report whose delay contributed to the late 10-Q
Original 10-Q due date September 14, 2026 Due date applicable to smaller reporting companies
Extension period 5 calendar days Allowed period to file the late Form 10-Q under Rule 12b-25
Registrant phone number (646) 453-0678 Contact number listed for AIRWA INC.
Form 12b-25 regulatory
"FORM 12b-25 NOTIFICATION OF LATE FILING"
Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.
smaller reporting companies regulatory
"filing date applicable to smaller reporting companies"
royalty income financial
"while losing royalty income"
Royalty income is money a company or individual receives for allowing others to use its intellectual property, natural resources, or patented processes — like collecting rent when you let someone use your idea, song, mineral rights, or technology. It matters to investors because royalties can provide steady, often high-margin cash flow with low ongoing costs, making a business more predictable and easier to value; think of it as a durable revenue stream that keeps paying as long as the asset is in demand.
AI services technical
"gained income from advertising and AI services"
AI services are commercial offerings that use artificial intelligence—software that can analyze data, make predictions, automate tasks, or interact with people—to perform work for other businesses or consumers. Think of them as hiring a smart, scalable assistant or toolbox that can handle repetitive, data-heavy jobs faster and cheaper than humans. Investors watch AI services because they can drive recurring revenue, improve profit margins, scale quickly across customers, and create long-term competitive advantages tied to data and technology.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why is AIRWA INC. (YYAI) filing its Form 10-Q late?

AIRWA INC. states it could not file its Form 10-Q for the period ended July 31, 2026 on time because its Form 10-K for the year ended April 30, 2026 is delayed, and it is still compiling and reviewing the quarterly financial information and disclosures.

When does AIRWA INC. expect to file the delayed 10-Q?

AIRWA INC. anticipates filing the Form 10-Q for the period ended July 31, 2026 no later than the fifth calendar day following the prescribed due date of September 14, 2026 for smaller reporting companies.

What period does the delayed AIRWA INC. (YYAI) Form 10-Q cover?

The delayed Form 10-Q for AIRWA INC. covers the quarter ended July 31, 2026. The company is still finalizing the financial statements and other disclosures for this period before filing.

Has AIRWA INC. filed all other required periodic reports?

AIRWA INC. indicates that not all periodic reports have been filed, specifically noting that its Form 10-K for the financial year ended April 30, 2026 will be filed late, which contributes to the delay in the Form 10-Q.

Does AIRWA INC. (YYAI) expect significant changes in results of operations?

Yes. AIRWA INC. anticipates a significant change in results of operations versus the corresponding prior-year period, citing new income from advertising and AI services and the loss of royalty income, as well as consolidation of a recently acquired AI services company.

Who signed the AIRWA INC. late filing notice and when?

The notification was signed by Thomas Tarala, Chief Executive Officer of AIRWA INC., dated September 14, 2026, on behalf of the registrant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

OMB APPROVAL
OMB Number:
Expires:
Estimated average burden hours per response
 
SEC FILE NUMBER
001-41423
 
CUSIP NUMBER
831445705

 

(Check one):   ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form N-CEN ☐ Form N-CSR
     
    For Period Ended: July 31, 2026
     
    ☐ Transition Report on Form 10-K
     
    ☐ Transition Report on Form 20-F
     
    ☐ Transition Report on Form 11-K
     
    ☐ Transition Report on Form 10-Q
     
    ☐ Transition Report on Form N-SAR
     
    For the Transition Period Ended:

 

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

PART I — REGISTRANT INFORMATION

 

AiRWA INC.
Full Name of Registrant

 

 
Former Name if Applicable

 

74 E. Glenwood Ave., #320
Address of Principal Executive Office (Street and Number)

 

Smyrna, DE 19977
City, State and Zip Code

 

 

 

 
 

 

PART II — RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

 

(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
   
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
   
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III — NARRATIVE

 

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

AiRWA Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended July 31, 2026 (the “Quarterly Report”) by the September 14, 2026 filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in filing its Form 10-K for the financial year ended April 30, 2026. As a result, the Registrant is still in the process of compiling the information required to complete the Quarterly Report and conducting a final review of the financial statements and other disclosures in the Quarterly Report for the period ended July 31, 2026 to be incorporated in the Quarterly Report. The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.

 

PART IV — OTHER INFORMATION

 

(1) Name and telephone number  of person to contact in regard to this notification

 

Guibao Ji   (646)   453-0678
(Name)   (Area Code)   (Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
  Yes ☐ No ☒
   
 

The Company’s Form 10-K for the financial year ended April 30, 2026 will be filed late, as noted above.

   
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
  Yes ☒ No ☐
   
  If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
   
  Since the corresponding period in the last fiscal year, the Registrant has gained income from advertising and AI services while losing royalty income. The Registrant is continuing the process of consolidaating the financial results of the AI services company it acquired recently and expects to be able to file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.

 

 
 

 

AiRWA INC.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 14, 2026 By: /s/ Thomas Tarala
  Name: Thomas Tarala
  Title: Chief Executive Officer

 

 

 

 

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