The company's asset base expanded to $199.9M in 2026Q3, yet this growth is heavily reliant on $21.5M in goodwill and lacks support from a stable cash position, which previously dipped to as low as $54,744 in 2025Q4.
| Total Current Assets | 62M | 22.4M | 9.68M | 4.99M | 12.83M | 5.58M | 1.38M | 2.64K | 21.43K | 16.61K |
| Cash & Short-Term Investments | 37.02M | 1.44M | 1.75M | 202.09K | 665K | 928.8K | 79.85K | 1.99K | 20.78K | 15.97K |
| Cash Only | 35.71M | 54.74K | 39.35K | 202.09K | 665K | 928.8K | 79.85K | 1.99K | 20.78K | 15.97K |
| Short-Term Investments | 1.3M | 1.38M | 1.71M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 20.62M | 18.22M | 7.44M | 399.68K | 1.27M | 762.49K | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 478.91 | 518.71 | 522.4 | 14.7 | 28.76 | 25.76 | - | - | - | - |
| Inventory | 0 | 0 | 1.61M | 3.19M | 7.86M | 3.69M | 919.64K | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | 499.06 | 162.96 | 241.59 | 175.45 | 65.65 | - | - | - |
| Other Current Assets | 5.56M | 2.74M | -1.93M | 263.02K | 2.53M | 200.16K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 137.88M | 10.51M | 13.49M | 2.12M | 62.04M | 112.85K | 0 | 2.48K | 5.08K | 2.75K |
| Property, Plant & Equipment | 2.07M | 0 | 0 | 14.79K | 47.35K | 0 | 0 | 750 | 1.75K | 2.75K |
| Fixed Asset Turnover | 30.85x | - | - | 670.87x | 340.04x | - | - | - | 7.57x | 5.35x |
| Goodwill | 21.51M | 0 | 13.49M | 0 | 6.78M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 114.3M | 10.51M | 1K | 101.28K | 4.84M | 112.85K | 0 | 1.73K | 3.33K | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 2M | 50.37M | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 199.88M | 32.91M | 23.16M | 7.11M | 74.86M | 5.7M | 1.38M | 5.12K | 26.51K | 19.36K |
| Asset Turnover | 0.15x | 0.39x | 0.22x | 1.40x | 0.22x | 1.90x | 0.50x | - | 0.50x | 0.76x |
| Asset Growth % | 1340.16% | 42.05% | 225.92% | -90.51% | 1213.96% | 312.56% | 26856.86% | -80.68% | 36.9% | - |
| Total Current Liabilities | 12.34M | 6.49M | 1.44M | 23.77M | 38.98M | 24.14M | 4.49M | 11.31K | 3.21K | 6.99K |
| Accounts Payable | 4M | 0 | 4.7M | 5.5M | 5.25M | 2.05M | 989.11K | 0 | 0 | 0 |
| Days Payables Outstanding | 41.43 | - | 1.46K | 280.82 | 161.41 | 97.41 | 70.61 | - | - | - |
| Short-Term Debt | 0 | 0 | 2.73M | 1.48M | 14.97M | 6.14M | 2.56M | 10.11K | 1.11K | 1.11K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 111.51K | 99.53K | 179.37K | 0 | 0 | 0 |
| Other Current Liabilities | 300K | 300K | -2.73M | 10.93M | 12.93M | 14.56M | 759.21K | 1.2K | 2.1K | 5.87K |
| Current Ratio | 5.03x | 3.45x | 6.71x | 0.21x | 0.33x | 0.23x | 0.31x | 0.23x | 6.67x | 2.38x |
| Quick Ratio | 5.03x | 3.45x | 5.60x | 0.08x | 0.13x | 0.08x | 0.10x | 0.23x | 6.67x | 2.38x |
| Cash Conversion Cycle | 437.48 | - | -437.58 | -103.15 | 108.94 | 103.8 | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 1.95M | 3.37M | 10.48K | 1.89M | 0 | 0 | 0 |
| Long-Term Debt | 0 | 0 | 0 | 1.95M | 2M | 10.48K | 1.89M | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 12.34M | 6.49M | 1.44M | 25.72M | 42.35M | 24.15M | 6.37M | 11.31K | 3.21K | 6.99K |
| Total Debt | 0 | 0 | 2.73M | 3.44M | 17.2M | 6.15M | 4.45M | 10.11K | 1.11K | 1.11K |
| Net Debt | -35.71M | -54.74K | 2.69M | 3.24M | 16.54M | 5.22M | 4.37M | 8.12K | -19.67K | -14.86K |
| Debt / Equity | 0.00x | - | 0.13x | - | 0.53x | - | - | - | 0.05x | 0.09x |
| Debt / EBITDA | 0.00x | - | 0.54x | - | - | - | - | - | - | 0.28x |
| Net Debt / EBITDA | -8.43x | -0.01x | 0.54x | - | - | - | - | - | - | -3.68x |
| Interest Coverage | - | - | - | -12.49x | -3.55x | -0.27x | -2.91x | - | - | - |
| Total Equity | 187.55M | 26.42M | 21.72M | -18.61M | 32.51M | -18.45M | -4.99M | -6.19K | 23.3K | 12.38K |
| Equity Growth % | 2775.71% | 21.62% | 216.7% | -157.25% | 276.21% | -269.47% | -80562.74% | -126.57% | 88.22% | - |
| Book Value per Share | 229.25 | 409.69 | 374.18 | -5320.50 | 27042.57 | -999999.00 | -323620.45 | -406.07 | 1603.36 | 495.12 |
| Total Shareholders' Equity | 187.55M | 25.28M | 21.72M | -18.61M | 32.51M | -18.45M | -4.99M | -6.19K | 23.3K | 12.38K |
| Common Stock | 972.18K | 14.56K | 1.28K | 17 | 4.2K | 27.64K | 24.75K | 6.09K | 6.16K | 5.22K |
| Retained Earnings | -29.31M | 6.12M | 2.63M | -151.75M | -80.6M | -28.82M | -10.23M | -33.09K | -4.8K | 2.98K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 183.54K | 142.51K | 54.96K | -20.17K | -5.04K | 0 | 0 | 0 |
| Minority Interest | 0 | 1.14M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Severe liquidity and solvency
As reported in financial statements, YYAI's total assets surged from $34.7M in 2026Q1 to $199.9M by 2026Q3, yet this expansion appears disconnected from operational cash generation, suggesting that the company's balance sheet trajectory is driven by non-organic accounting events rather than sustainable business growth.
The rapid inflation of the asset base without a corresponding improvement in cash reserves warrants significant skepticism regarding the quality of these assets. Investors should monitor whether these balance sheet shifts represent genuine value creation or merely temporary accounting maneuvers that obscure underlying operational fragility.
Based on the provided balance sheet data, YYAI's cash position has historically fluctuated between extreme lows, such as the $54,744 reported in 2025Q4, and temporary spikes, indicating that the company lacks a consistent liquidity buffer to support its ongoing operational requirements.
The extreme variance in the current ratio, which swung from 0.19 in 2024Q2 to 24.18 in 2026Q2, suggests that the company's ability to meet short-term obligations is highly erratic. This lack of a stable cash runway implies that the firm may be perpetually reliant on external financing to maintain its operations.
According to historical filings, YYAI's equity base has been severely impacted by persistent negative retained earnings, which reached a deficit of $173.0M in 2025Q2, highlighting a long-term trend of capital erosion that undermines the company's overall financial health.
The recent shift toward positive equity in 2026Q3 appears to be an outlier that does not necessarily reflect a fundamental turnaround in profitability. Analysts should investigate whether this improvement is driven by dilutive equity issuance or accounting reclassifications rather than genuine retained earnings growth.
As indicated by the balance sheet, YYAI's goodwill increased to $21.5M by 2026Q3, representing a significant portion of total assets that may be subject to future impairment charges if the company's AI-driven growth narrative fails to materialize as expected.
The reliance on intangible assets to bolster the balance sheet is a non-obvious risk that could lead to sudden write-downs. Given the company's history of operational losses, the carrying value of this goodwill appears potentially aggressive and warrants further investigation by fundamental analysts.
Quick answers to the most common questions about buying YYAI stock.
As of 2025, AiRWA Inc. (YYAI) had total assets of $32.9M including $22.4M in current assets.
AiRWA Inc. (YYAI) carries total debt of $0.0M, offset by $1.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
AiRWA Inc. (YYAI) has total shareholders' equity (book value) of $25.3M ($409.69 book value per share). Book value represents the net worth of the company belonging to common stock holders.
AiRWA Inc. (YYAI) reported a current ratio of 3.45x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.