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VisionWave Holdings, Inc.(VWAV)Earnings, Financials & Key Ratios
VWAV•NASDAQ
$5.84
$85M mkt cap·Price updated May 7, 2026
AboutA defense technology company specializing in AI-driven innovations, autonomous systems, and advanced sensor and radar solutions for military and homeland security applicationsShow more
- Revenue$0
- EBITDA-$6M-876.9%
- Net Income-$7M-885.8%
- EPS (Diluted)-0.56-211.1%
- Interest Coverage-113.63
VWAV Key Insights
VisionWave Holdings, Inc. (VWAV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak momentum: RS Rating 13 (bottom 13%)
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VWAV Price & Volume
VisionWave Holdings, Inc. (VWAV) stock price & volume — 10-year historical chart
Loading chart...
VWAV Growth Metrics
VisionWave Holdings, Inc. (VWAV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-554.52%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-539.95%
Return on Capital
10 Years-2.5%
5 Years-2.5%
3 Years-4.01%
Last Year-
VWAV Recent Earnings
VisionWave Holdings, Inc. (VWAV) EPS & revenue vs analyst estimates — last 4 quarters
Q1 2026Latest
Feb 17, 2026EPS
$0.46
Revenue
—
Q1 2026
Jan 12, 2026EPS
$0.14
Revenue
—
Q3 2025
Aug 19, 2025EPS
$0.17
Revenue
—
Q2 2025
Mar 31, 2025EPS
$0.16
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 17, 2026 | $0.46 | — |
| Q1 2026 | Jan 12, 2026 | $0.14 | — |
| Q3 2025 | Aug 19, 2025 | $0.17 | — |
| Q2 2025 | Mar 31, 2025 | $0.16 | — |
Based on last 12 quarters of dataView full earnings history →
VWAV Peer Comparison
VisionWave Holdings, Inc. (VWAV) competitors in Defense Electronics and Sensors — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 WAVE | 47.94M | 8.21 | -12.83 | -77.26% | -17.6% | -40.89% | 0.24 | |
 VIAV | 11.81B | 51.05 | 340.33 | 8.39% | -4.03% | -6.92% | 0.89 | |
 OESX | 32.86M | 9.25 | -2.57 | -11.99% | -5.62% | -0.04% | 0.87 | |
 MVIS | 188.81M | 0.62 | -1.76 | -74.28% | -78.63% | -137.37% | 0.66 | |
 KODK | 1.38B | 14.15 | -7.95 | 2.49% | -12.6% | -18.74% | 0.35 | |
 VUZI | 231.95M | 2.86 | -6.81 | 1090.42% | -5.14% | -5.21% | 0.04 | |
 MAXN | 8.07M | 0.48 | -0.01 | -54.68% | -320.48% | |||
 LAZR | 1.95M | 0.06 | -0.01 | 8.05% | -308.45% |
Compare VWAV vs Peers
VisionWave Holdings, Inc. (VWAV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VWAV Income Statement
VisionWave Holdings, Inc. (VWAV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 395.7K | 1M | 1.5M | 664.24K | 6.74M | 1.34M |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 395.7K | 1M | 1.5M | 656.94K | 6.58M | 491.14K |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 7.3K | 156.46K | 59.95K |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 789.41K |
| Operating Income | -395.7K▲ 0% | -1M▼ 153.0% | -1.5M▼ 50.4% | -664.24K▲ 55.9% | -6.74M▼ 914.9% | -1.13M▲ 0% |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | -152.95% | -50.36% | 55.86% | -914.88% | - |
| EBITDA | -277.2K | 270.39K | 272.79K | -664.24K | -6.49M | -983.53K |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | - | 197.54% | 0.89% | -343.5% | -876.87% | -753.25% |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | -277.2K | 270.39K | 272.79K | -664.24K | -6.49M | -1.33M |
| Net Interest Income | 1.5K | 1.09M | 1.77M | 781.36K | -58.91K | 68.22K |
| Interest Income | 1.5K | 1.09M | 1.77M | 781.36K | 418 | 77.73K |
| Interest Expense | 0 | 0 | 0 | 0 | 59.33K | 158.88K |
| Other Income/Expense | 118.5K | 1.27M | 1.78M | 0 | 193.09K | -151.86K |
| Pretax Income | -277.2K▲ 0% | 270.39K▲ 197.5% | 272.79K▲ 0.9% | -664.24K▼ 343.5% | -6.55M▼ 885.8% | -1.49M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 0 | 223.28K | 329.63K | 0 | 0 | 7.42K |
| Effective Tax Rate % | 0% | 82.58% | 120.84% | 0% | 0% | -0.5% |
| Net Income | -277.2K▲ 0% | 47.11K▲ 117.0% | -56.84K▼ 220.7% | -664.24K▼ 1068.6% | -6.55M▼ 885.8% | -1.23M▲ 0% |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | - | 116.99% | -220.66% | -1068.63% | -885.81% | -554.52% |
| Net Income (Continuing) | -277.2K | 47.11K | -56.84K | -664.24K | -6.55M | -1.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03▲ 0% | 0.01▲ 117.0% | -0.01▼ 284.0% | -0.18▼ 1856.5% | -0.56▼ 211.1% | -0.09▲ 0% |
| EPS Growth % | - | 117.01% | - | - | -211.11% | -539.95% |
| EPS (Basic) | -0.03 | 0.01 | -0.01 | -0.18 | -0.56 | - |
| Diluted Shares Outstanding | 9.42M | 9.42M | 6.19M | 3.63M | 11.74M | 14.27M |
| Basic Shares Outstanding | 9.42M | 9.42M | 6.19M | 3.63M | 11.74M | 14.27M |
| Dividend Payout Ratio | - | - | - | - | - | - |
VWAV Balance Sheet
VisionWave Holdings, Inc. (VWAV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|
| Total Current Assets | 601.06K | 45.55K | 237.53K | 13.68K | 2.69M | 4.82K |
| Cash & Short-Term Investments | 429.44K | 19.26K | 232.28K | 9.75K | 2.28M | 885 |
| Cash Only | 429.44K | 19.26K | 232.28K | 9.75K | 2.28M | 885 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 | 120K | 0 |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 5.25K | 3.93K | 287.8K | 0 |
| Total Non-Current Assets | 69.69M | 71.42M | 32.12M | 3.75M | 281 | 1.17M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 69.69M | 71.42M | 32.12M | 3.75M | 281 | 7.21M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 70.29M▲ 0% | 71.47M▲ 1.7% | 32.35M▼ 54.7% | 3.76M▼ 88.4% | 2.69M▼ 28.4% | 1.17M▲ 0% |
| Asset Turnover | - | - | - | - | - | 0.00x |
| Asset Growth % | - | 1.67% | -54.73% | -88.37% | -28.44% | -345.16% |
| Total Current Liabilities | 237.85K | 1.43M | 3.94M | 5.42M | 14.49M | 6.29M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 1.27M |
| Days Payables Outstanding | - | - | - | - | - | - |
| Short-Term Debt | 0 | 913.96K | 974.01K | 1M | 4.86M | 1.84M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 108.01K | 0 |
| Other Current Liabilities | 237.85K | 361.48K | 2.41M | 3.53M | 8.52M | 581.18K |
| Current Ratio | 2.53x | 0.03x | 0.06x | 0.00x | 0.19x | 0.19x |
| Quick Ratio | 2.53x | 0.03x | 0.06x | 0.00x | 0.19x | 0.19x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 419.88K | 304.18K | 229.06K | 237.18K | 0 | 1.22M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 67K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 419.88K | 237.18K | 229.06K | 237.18K | 0 | 1.92M |
| Total Liabilities | 657.73K | 1.74M | 4.17M | 5.66M | 14.49M | 7.52M |
| Total Debt | 0 | 913.96K | 974.01K | 1M | 4.86M | 1.84M |
| Net Debt | -429.44K | 894.7K | 741.74K | 994.24K | 2.58M | 1.84M |
| Debt / Equity | - | 0.01x | 0.03x | - | - | -0.29x |
| Debt / EBITDA | - | 3.38x | 3.57x | - | - | -1.87x |
| Net Debt / EBITDA | - | 3.31x | 2.72x | - | - | -1.87x |
| Interest Coverage | - | - | - | - | -113.63x | -8.39x |
| Total Equity | 69.63M▲ 0% | 69.73M▲ 0.1% | 28.19M▼ 59.6% | -1.9M▼ 106.7% | -11.8M▼ 521.2% | -6.34M▲ 0% |
| Equity Growth % | - | 0.14% | -59.58% | -106.74% | -521.23% | -748.65% |
| Book Value per Share | 7.39 | 7.40 | 4.55 | -0.52 | -1.00 | -0.44 |
| Total Shareholders' Equity | 69.63M | 69.73M | 28.19M | -1.9M | -11.8M | -6.34M |
| Common Stock | 58.11M | 71.01M | 31.88M | 4.12M | 145.21K | 647.91K |
| Retained Earnings | -277.2K | -1.27M | -3.68M | -6.01M | -15.11M | -6.98M |
| Treasury Stock | -14.38K | -14.38K | -14.38K | -14.38K | 0 | -14.38K |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
VWAV Cash Flow Statement
VisionWave Holdings, Inc. (VWAV) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|
| Cash from Operations | -332.54K | -683.16K | -908.49K | -862.1K | -2.84M | -2.84M |
| Operating CF Margin % | - | - | - | - | - | - |
| Operating CF Growth % | - | -105.44% | -32.98% | 5.11% | -229.18% | 44.58% |
| Net Income | -277.2K | 47.11K | -56.84K | -870.54K | -6.55M | -1.23M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 2.64M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -118.5K | -1.27M | -1.78M | -806.99K | -213.27K | -88.68K |
| Working Capital Changes | 63.16K | 541.07K | 926.14K | 815.43K | 1.29M | 1.19M |
| Change in Receivables | 0 | 0 | 0 | 0 | -120K | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 9.76K | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -69.69M | -640.99K | 41.07M | 29.15M | 114.38K | 5.2M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | 0 | 49.01K | 747.49K | 588.13K | 0 | 3.26M |
| Cash from Financing | 70.45M | 913.96K | -39.95M | -28.51M | 5.01M | -4.73M |
| Debt Issued (Net) | 1.32M | 713.96K | 1.12M | 14.98K | 4.97M | -42K |
| Equity Issued (Net) | 1000K | 200K | -1000K | -1000K | 1000K | -2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -41.08M | -28.92M | 0 | -5.15M |
| Other Financing | 0 | 0 | 0 | 401.42K | -4.95M | 457.37K |
| Net Change in Cash | 429.44K▲ 0% | -410.19K▼ 195.5% | 213.02K▲ 151.9% | -222.52K▼ 204.5% | 2.28M▲ 1125.5% | -261.51K▲ 0% |
| Free Cash Flow | -332.54K▲ 0% | -683.16K▼ 105.4% | -908.49K▼ 33.0% | -862.1K▲ 5.1% | -2.84M▼ 229.2% | -687.78K▲ 0% |
| FCF Margin % | - | - | - | - | - | - |
| FCF Growth % | - | -105.44% | -32.98% | 5.11% | -229.18% | 13.5% |
| FCF per Share | -0.04 | -0.07 | -0.15 | -0.24 | -0.24 | -0.24 |
| FCF Conversion (FCF/Net Income) | 1.20x | -14.50x | 15.98x | 1.30x | 0.43x | 0.56x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
VWAV Key Ratios
VisionWave Holdings, Inc. (VWAV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Return on Equity (ROE) | 0.07% | -0.12% | -5.05% | - | 27.13% |
| Return on Invested Capital (ROIC) | -1.07% | -2.27% | -3.56% | - | 25.6% |
| Debt / Equity | 0.01x | 0.03x | - | - | -0.29x |
| Interest Coverage | - | - | - | -113.63x | -8.39x |
| FCF Conversion | -14.50x | 15.98x | 1.30x | 0.43x | 0.56x |
VWAV SEC Filings & Documents
VisionWave Holdings, Inc. (VWAV) SEC filings — annual & quarterly reports (10-K, 10-Q)
VWAV Frequently Asked Questions
VisionWave Holdings, Inc. (VWAV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
VisionWave Holdings, Inc. (VWAV) grew revenue by 0.0% over the past year. Growth has been modest.
VisionWave Holdings, Inc. (VWAV) reported a net loss of $1.2M for fiscal year 2025.
Dividend & Returns
VisionWave Holdings, Inc. (VWAV) had negative free cash flow of $0.7M in fiscal year 2025, likely due to heavy capital investments.
Explore More VWAV
VisionWave Holdings, Inc. (VWAV) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates