VWAV

MKT CAP:$97M

VisionWave Holdings, Inc.

Market Cap

$97M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$7.51-$2.34 (-23.76%)

Apr 17, 2026

Company Details

VisionWave Holdings, Inc. engages in revolutionizing defence capabilities by integrating artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. The company focuses on radars, vision systems, and radio fre...

CEO

Douglas Landers Davis

IPO Date

Jul 15, 2025

Website

www.visionwave.tech

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$7M

EPS (Diluted)

-$0.70

Free Cash Flow

-$6M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

FY 2025

Dec 30, 2025

$0EPS -$0.56

Q4 2025

Dec 30, 2025

$0EPS -$0.48

Q3 2025

Aug 19, 2025

$0EPS -$0.03

Q2 2025

Oct 3, 2025

$0EPS -$0.15

Q3 2024

Sep 29, 2024

$0EPS -$0.04

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$0	$0	-$118.8K
Q4 21	$0	$0	-$275.7K
Q1 22	$0	$0	-$184.9K
Q2 22	$0	$0	-$257.3K
Q3 22	$0	$0	-$301.5K
Q4 22	$0	$0	-$257.3K
Q1 23	$0	$0	-$313.5K
Q2 23	$0	$0	-$490.1K
Q3 23	$0	$0	-$394.2K
Q4 23	$0	$0	-$307.1K
Q1 24	$0	$0	-$420.1K
Q2 24	$0	$0	-$348.4K
Q3 24	$0	$0	-$248.8K
Q2 25	$0	$0	-$340.6K
Q3 25	$0	$0	-$340.6K
Q4 25	$0	$0	-$6M

Valuation

Quarter	P/S	P/E
Q3 21	—	—
Q4 21	—	413.1x
Q1 22	—	—
Q2 22	—	—
Q3 22	—	550.2x
Q4 22	—	736.2x
Q1 23	—	106.5x
Q2 23	—	149.2x
Q3 23	—	530.4x
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$304	-$300
Q2 21	-$2	-$2
Q3 21	-$247.3K	-$247.3K
Q4 22	-$392.9K	-$392.9K
Q1 23	-$371.1K	-$371.1K
Q2 23	-$161.9K	-$161.9K
Q3 23	-$154.7K	-$154.7K
Q4 23	-$220.8K	-$220.8K
Q1 24	-$162.2K	-$162.2K
Q2 24	-$257.5K	-$257.5K
Q3 24	-$166.0K	-$166.0K
Q2 25	-$204.7K	-$204.7K
Q3 25	-$40.6K	-$40.6K
Q4 25	-$5M	-$5M

Capital Expenditures

Quarter	CapEx
Q1 21	$4
Q2 21	$0
Q3 21	$4
Q4 22	$0
Q1 23	$4
Q2 23	$0
Q3 23	$0
Q4 23	$4
Q1 24	$0
Q2 24	$3
Q3 24	$3
Q2 25	$4
Q3 25	$4
Q4 25	$50.4K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	—	+17797.4%
Q2 22	—	+140507.1%
Q3 22	—	+153.7%
Q4 22	—	-6.7%
Q1 23	—	+69.6%
Q2 23	—	+90.5%
Q3 23	—	+30.8%
Q4 23	—	+19.4%
Q1 24	—	+34.0%
Q2 24	—	-28.9%
Q3 24	—	-36.9%
Q2 25	—	+10.9%
Q3 25	—	-18.9%
Q4 25	—	+1637.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	—
Q2 21	$0	—
Q3 21	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	—
Q1 24	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q2 25	$0	—
Q3 25	$0	—
Q4 25	$2M	—

OpEx Breakdown

Quarter	SG&A
Q3 21	$118.8K
Q4 21	$275.7K
Q1 22	$184.9K
Q2 22	$257.3K
Q3 22	$301.5K
Q4 22	$257.3K
Q1 23	$313.5K
Q2 23	$490.1K
Q3 23	$394.2K
Q4 23	$307.1K
Q1 24	$420.1K
Q2 24	$348.4K
Q3 24	$248.8K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$228.2K	$0	$228.2K
Q2 22	$148.7K	$0	$148.7K
Q3 22	$224.4K	$0	$224.4K
Q4 22	$19.3K	$0	$19.3K
Q1 23	$5.2K	$0	$5.2K
Q2 23	$129.3K	$0	$129.3K
Q3 23	$39.6K	$0	$39.6K
Q4 23	$232.3K	$0	$232.3K
Q1 24	$362.2K	$0	$362.2K
Q2 24	$29.7K	$0	$29.7K
Q3 24	$271.8K	$0	$271.8K
Q4 24	$9.8K	$0	$9.8K
Q2 25	$19.2K	$0	$19.2K
Q1 25	$19.2K	$0	$19.2K
Q3 25	$885	$0	$885
Q4 25	$2M	$0	$2M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	9M	0.0%	—
Q4 21	9M	0.0%	—
Q1 22	9M	0.0%	0.0%
Q2 22	9M	0.0%	0.0%
Q3 22	9M	0.0%	0.0%
Q4 22	9M	0.0%	0.0%
Q1 23	8M	-10.7%	-10.7%
Q2 23	5M	-35.0%	-42.0%
Q3 23	5M	0.0%	-42.0%
Q4 23	5M	0.0%	-42.0%
Q1 24	5M	-1.4%	-36.0%
Q2 24	4M	-24.2%	-25.3%
Q3 24	4M	-5.9%	-29.7%
Q2 25	3M	-27.1%	-48.8%
Q3 25	14M	+409.9%	+164.9%
Q4 25	12M	-17.7%	+187.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q2 25	—	—
Q3 25	—	—
Q4 25	$0	12

Revenue / Employee