The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | - | -6,935,915 | -5,686,336 | -861,759 |
| Interest expense | - | - | 38,737 | - |
| Net loss | -19,846,008 | - | - | - |
| Gain on investment of marketable securities | - | - | 104,656 | - |
| Change in fair value of other liabilities | 262,800 | - | - | - |
| Change in fair value of convertible notes payable | 279,046 | - | 147,347 | - |
| Amortization of debt issuance cost | 1,789,515 | 36,946 | - | - |
| Change in fair value of convertible notes payable | - | 286,680 | - | - |
| Stock based compensation | 423,519 | 2,417,647 | 2,636,283 | - |
| Depreciation and amortization | 5,702,250 | 118,895 | - | - |
| Prepaid expenses and other current assets | -485,276 | 919,368 | 185,619 | - |
| Change in fair value of warrant liability | - | - | - | 13,804 |
| Due from related party | - | - | 120,000 | - |
| Interest income on trust account | - | - | - | 34,720 |
| Excise tax payable | - | 33,614 | -72,512 | 127,219 |
| Advance to supplier | - | - | 98,250 | - |
| Income taxes payable | - | 24,767 | -32,396 | 67,461 |
| Customer deposit | - | - | 108,006 | - |
| Due from related party | 0 | 127,862 | - | - |
| Accounts payable and accrued expenses | 91,537 | 257,964 | 3,036,705 | 295,173 |
| Deferred offering costs | - | - | 250,000 | - |
| Deferred revenue | 350,000 | - | - | - |
| Due to related parties | 616,534 | -950,710 | -1,736,103 | 147,500 |
| Stock-based compensation liability | 287,800 | 350,000 | - | - |
| Late payment penalty on excise taxes payable | 59,821 | - | - | - |
| Late payment penalty on income taxes payable | 49,228 | - | - | - |
| Net cash used in operating activities | -3,383,428 | -5,407,342 | -2,592,572 | -245,322 |
| Notes receivable | - | 398,245 | - | - |
| Advance to c.m. composite materials ltd | 3,476,245 | - | - | - |
| Purchase of property, plant and equipment | 8,694 | 50,381 | - | - |
| Investment of cash into trust account | - | - | - | 52,408 |
| Deposit on property, plant and equipment | -350,000 | - | - | - |
| Redemptions from trust account | - | - | - | 2,573,762 |
| Cash paid for equity method investment | 49,823 | - | - | - |
| Withdrawal from trust account to pay taxes | - | - | - | 94,099 |
| Proceeds from sale of marketable securities, net | - | - | 114,375 | - |
| Cash acquired in connection with asset acquisition | 0 | 119,135 | - | - |
| Net cash (used in) provided by investing activities | -3,486,517 | -329,491 | -2,501,078 | 2,615,453 |
| Redemption of class a common stock subject to possible redemption | - | - | - | 2,573,762 |
| Proceeds from business combination | - | - | 23,846 | - |
| Advances from affiliated related parties | - | - | - | 215,762 |
| Proceeds from issuance of convertible note, net of costs | 300,000 | 550,000 | 4,970,000 | - |
| Repayment of convertible notes | 313,796 | 128,884 | - | 21,000 |
| Proceeds from issuance of promissory note | 16,975,000 | - | - | - |
| Repayment of promissory note | 780,461 | - | - | - |
| Proceeds from drawdown of sepa | 1,760,761 | - | - | - |
| Proceeds from exercise of warrants | 537,591 | 5,698,354 | 11,592 | - |
| Net cash provided by financing activities | 18,479,095 | 6,098,470 | 7,384,438 | -2,379,000 |
| Net change in cash and cash equivalents | 11,609,150 | 361,637 | 2,290,788 | -8,869 |
| Cash and cash equivalents, beginning of the period | 2,646,570 | 2,284,933 | 885 | 0 |
| Cash and cash equivalents, end of the period | 14,255,720 | 2,646,570 | 2,284,933 | 885 |
VisionWave Holdings, Inc. (VWAV)
VisionWave Holdings, Inc. (VWAV)