VisionWave Holdings, Inc. (VWAV) Stock

VisionWave Holdings, Inc. (VWAV) is a Technology stock trading at $1.08 (as of 2026-08-20), with a market capitalization of $31.73M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

VisionWave Holdings, Inc. develops defense-oriented technologies that combine AI and autonomous solutions across air, ground, and sea domains. Its systems include radar, vision, and radio-frequency sensing, serving military and homeland security organizations worldwide. The company was incorporated in 2024 and is based in Wilmington, Delaware.

Understand VisionWave Holdings, Inc.: how it makes money

VisionWave Holdings builds AI and autonomous defense solutions, including radars, vision systems, and radio frequency sensing, and sells them to military and homeland security customers worldwide.

The profit model depends on converting its AI and sensing technology (air, ground, and sea domains) into funded defense and homeland security deployments, since its business serves these government and security sectors rather than a broad consumer market.

Business quality (Weak): A newly incorporated (2024) defense AI and sensing technology company, with negative operating profitability in the latest provided period, so the main investor focus is whether technology development can translate into ongoing funded customer work.

Bull case

  • Mission-aligned technology, it targets defense capabilities across air, ground, and sea domains using AI and autonomous solutions: This focus can be a fit for customers in military and homeland security, where demand is driven by operational needs for sensing and autonomous capabilities.
  • Broad technical scope within sensing and autonomy: The company emphasizes radars, vision systems, and radio frequency sensing technologies, which can support multiple defense and security use cases.

Bear case

  • Negative operating margin in the latest provided period: Operating margin is -65.7% for 2025-12-31 (per provided financials), suggesting high costs relative to revenue (revenue listed as 0.0B in the provided data).
  • Very early company history: The company was incorporated in 2024, so it may still be building commercialization traction and operating scale.
  • Customer adoption and program funding risk: Because it serves military and homeland security sectors worldwide, growth depends on customer procurement and deployment timelines, which can be slower and more uncertain than commercial markets.
Valuation — source: SEC EDGAR (first-party)
Price$1.08
Market Cap$31.73M
EV / EBITDA-0.8
Price / Book0.23
Price / Sales75900.18
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$10.00M
Net Margin-69.4%
Return on Equity-37.1%
Current Ratio0.16
Revenue Growth (YoY)-98.9%
EPS Growth (YoY)325.0%
Financial Health — source: SEC EDGAR
Altman Z-Score-2.35 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSUSQUEHANNA INTERNATIONAL GROUP, LLP ($1.62M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEODouglas Landers Davis
Employees2
CountryUS
IPO Date2025-07-15

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VWAV earnings history · VWAV institutional & insider holders · VWAV KPIs & operating metrics · VWAV financials · VWAV investor presentations & press releases · VWAV SEC filings · VWAV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.