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VisionWave Holdings, Inc.
VWAVWCIK 0002038439NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Sep 30
Period
FY 2025
Revenue
—
Net Income
$-6.55M
Total Assets
$2.69M
Equity
$-11.80M
Shares Out
19.59M
Op. Cash Flow
$-2.84M
Business
VisionWave Holdings, Inc. develops and commercializes advanced artificial intelligence and autonomous solutions for multi-domain defense operations across air, ground, and sea environments. It offers high-resolution radars, neuromorphic vision-AI, RF imaging, unmanned aerial systems (UAS), unmanned ground vehicles (UGV), remote weapon stations (RWS), active protection systems (APS), and related AI autonomy and licensing services. The company operates product development, prototyping, pilot testing, manufacturing integration, and strategic partnership/joint-venture functions. Distribution targets defense contractors, government and homeland-security agencies, and industrial clients across North America, the Middle East, and Asia-Pacific, through direct sales, licensing, and strategic alliances.
Summary from filing dated 2025-12-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 |
|---|---|---|
| General and administrative | 5 | |
| Research and development | 156,462 | |
| Sales and marketing | 1 | |
| Total operating expenses | 7 | |
| Loss from operations | −7 | |
| Interest income | 418 | |
| Interest expense | −59,327 | |
| Change in fair value of convertible notes payable | 147,347 | |
| Gain from sale of marketable securities | 104,656 | |
| Total other (expense) income, net | 193,094 | |
| Loss before provision for income taxes | −7 | |
| Provision for income taxes | — | |
| Net loss | −7 | |
| Basic and diluted weighted average shares outstanding | 12 | |
| Basic and diluted net loss per share | −0.56 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2024 2024-03-31 |
|---|---|---|---|---|
| Cash | 2 | 3,014 | — | |
| Prepaid expenses and other current assets | 189,549 | — | — | |
| Advance to supplier | 98,250 | — | — | |
| Due from related party | 120,000 | — | — | |
| Total Current Assets | 3 | 3,014 | — | |
| Investment in securities designated for sale | 281 | 10,000 | — | |
| Total Assets | 3 | 13,014 | — | |
| Accounts payable and accrued expenses | 4 | 15,000 | — | |
| Customer deposit | 108,006 | — | — | |
| Income taxes payable | 994,704 | — | — | |
| Excise tax payable | 943,039 | — | — | |
| Promissory notes - Evie | 1 | — | — | |
| Due to related parties | 2 | 69,133 | — | |
| Convertible notes Payable, net of unamortized debt issuance cost | 5 | — | — | |
| Deferred underwriters discount | 225,000 | — | — | |
| Total Current Liabilities | 14 | 84,133 | — | |
| Total Liabilities | 14 | 84,133 | — | |
| Preferred stock, par value $0.01, authorized 10,000,000 shares; no shares issued or outstanding | — | — | — | |
| Common stock, par value $0.01; authorized 150,000,000 shares and 14,521,094 and 11,000,000 shares issued and outstanding at September 30, 2025 and 2024, respectively | 145,211 | 110,000 | — | |
| Additional paid-in capital | 3 | 151,000 | — | |
| Accumulated deficit | −15 | −332,119 | — | |
| Total Stockholders Deficit | −12 | −71,119 | — | |
| Total Liabilities and Stockholders Deficit | 3 | 13,014 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-09-30 |
|---|---|---|
| Interest expense | 38,737 | |
| Stock based compensation | 3 | |
| Prepaid expenses and other current assets | −185,619 | |
| Due from related party | −120,000 | |
| Advance to supplier | −98,250 | |
| Customer deposit | 108,006 | |
| Accounts payable and accrued expenses | 3 | |
| Deferred offering costs | −250,000 | |
| Due to related parties | −2 | |
| Excise tax payable | 54,707 | |
| Income taxes payable | 35,065 | |
| Net cash (used in) provided by operating activities | −3 | |
| Proceeds from sale of marketable securities, net | 114,375 | |
| Net cash provided by investing activities | 114,375 | |
| Proceeds from issuance of common stock | — | |
| Proceeds from business combination | 23,846 | |
| Proceeds from issuance of convertible note | 5 | |
| Proceeds from exercise of warrants | 11,592 | |
| Net cash provide by financing activities | 5 | |
| Net change in cash | 2 | |
| Cash paid for interest | — | |
| Cash paid for taxes | — | |
| Net liabilities assumed in business combination | 8 | |
| Conversion of public and private rights in business combination | 7,306 | |
| Non cash issuance of shares | 470,000 | |
| Non cash issuance of shares for advisory services | 52,875 |
Filings
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