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Financial Snapshot

Revenue
TTM
$10.00M
Gross Margin
Last 4 Quarters
N/A
Net Income
TTM
-$20.28M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
40.79%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
$98.65M
Cash
2026 Q1
P/E
Last 4 Quarters
N/A
Free Cash Flow
TTM
-$5.458M

Stock Price

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Market Cap: $160.45 Million

About VisionWave Holdings Inc

VisionWave Holdings Inc. (VWAV) is a defense technology company that develops and commercializes AI and autonomous systems for military, homeland security, and industrial applications. Revenue is expected to come from product sales upon customer order fulfillment and non-recurring engineering (NRE) contracts, though the company was in prototype and pilot-testing stages as of the fiscal year ended September 30, 2025. Operations are conducted through its wholly owned subsidiary, VisionWave Technologies Inc. The company holds six approved patents and one pending patent application covering AI-powered RF imaging and autonomous systems, acquired from Tokenize in 2024. Its proprietary AI engine serves as an autonomy layer across product lines including high-resolution radars, advanced vision systems, RF sensing, unmanned aerial systems (UAS), unmanned ground vehicles (UGVs), remote weapon stations (RWS), and active protection systems (APS). The company had 12 employees and consultants as of September 30, 2025, with 70% in technical R&D roles. It is incorporated in Delaware, headquartered at 300 Delaware Ave., Suite 210, Wilmington, DE, and listed on The Stock Market LLC.

Revenue model
Product sales on a make-to-order basis upon customer orders, supplemented by non-recurring engineering (NRE) contracts. As of the 10-K filed 2025-12-31, products were at various stages of prototype development, pilot testing, and commercialization readiness, with no disclosed revenue figures in the excerpts provided.
Products and services
High-resolution radars, advanced vision systems, RF sensing innovations, unmanned aerial systems (UAS), unmanned ground vehicles (UGVs), remote weapon stations (RWS), and active protection systems (APS). Core technology is a proprietary AI engine (U.S. trademark application pending, Serial No. 99317884) designed for edge-based, low-latency sensor fusion, perception, and autonomous control across platforms including drones, guided munitions, and humanoid robotics.
Customers and end markets
Military, homeland security, and industrial customers. End markets include multi-domain defense operations across air, ground, and sea environments, with emphasis on real-time threat detection and autonomous response in contested environments.
Value-chain role
Design, prototyping, and deployment of AI-driven autonomous defense hardware and software. The company holds six approved patents covering AI-powered RF imaging and autonomous systems (acquired from Tokenize in 2024) and operates as a technology developer and systems integrator subject to ITAR and Nasdaq listing standards.
Geographic exposure
Headquartered in Wilmington, Delaware. Primary regulatory framework is U.S.-based (ITAR, U.S. securities laws, Nasdaq standards). No specific international revenue or geographic segment breakdown is disclosed in the filing excerpts.

Source: SEC 10-K, filed 2025-12-31

Industry: Services-Prepackaged Software

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