AiRWA Inc Financials

YYAI

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE April

This page shows AiRWA Inc (YYAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI YYAI FY2025 2026-04-22

Paper profits outran cash collection, leaving FY2025 liquidity dependent on receivables despite much stronger reported margins.

FY2025 posted a 51.3% operating margin and $9.6M of EBITDA, yet ended with -$379K of operating cash flow and only $53K of cash because accounts receivable reached $18.4M, more than annual revenue of $12.8M. That combination means the income statement improved far faster than cash collection, so the company's apparent liquidity depends on customer payments arriving rather than cash already on hand.

Between FY2023 and FY2025, gross margin expanded from 28.0% to 76.8% even though revenue stayed in the same small range. SG&A fell sharply to $3.3M from $22.7M, so the margin step-up looks more like a reworked cost base or revenue mix than scale alone, and operating profit now relies much more on keeping overhead light.

The balance sheet is cleaner than it was two years ago, with liabilities down to $7.1M from $25.0M and equity back in positive territory. But liquidity quality is weaker than the current ratio suggests: FY2025 current ratio was 3.5x, yet cash was only $53K because most current assets were tied up in receivables rather than immediately spendable funds.

Financial Health Signals

Financial Profile 59/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of AiRWA Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

AiRWA Inc has an operating margin of 51.3%, meaning the company retains $51 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 74.2% the prior year.

Growth

AiRWA Inc's revenue surged 146.7% year-over-year to $12.8M, reflecting rapid business expansion. This strong growth earns a score of 56/100.

Leverage

AiRWA Inc carries a low D/E ratio of 0.27, meaning only $0.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.54, AiRWA Inc holds $3.54 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 69/100.

Returns

100

AiRWA Inc earns a strong -17.7% return on equity (ROE), meaning it generates $-18 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 165.7% the prior year.

Altman Z-Score Safe

3.40

AiRWA Inc scores 3.40, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Weak

3/9

AiRWA Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.08x

For every $1 of reported earnings, AiRWA Inc generates $0.08 in operating cash flow (-$379K OCF vs -$4.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$12.8M

YoY+146.7%

5Y CAGR+79.6%

AiRWA Inc generated $12.8M in revenue in fiscal year 2025. This represents an increase of 146.7% from the prior year.

EBITDA

$9.6M

YoY+89.9%

AiRWA Inc's EBITDA was $9.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 89.9% from the prior year.

Net Income

-$4.6M

YoY-129.6%

AiRWA Inc reported -$4.6M in net income in fiscal year 2025. This represents a decrease of 129.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$53K

YoY-96.9%

5Y CAGR-12.7%

AiRWA Inc held $53K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

15M

AiRWA Inc had 15M shares outstanding in fiscal year 2025. This represents an increase of 447.7% from the prior year.

Margins & Returns

Gross Margin

76.8%

YoY-0.6pp

5Y CAGR+176.6pp

AiRWA Inc's gross margin was 76.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the prior year.

Operating Margin

51.3%

YoY-22.9pp

5Y CAGR+1059.4pp

AiRWA Inc's operating margin was 51.3% in fiscal year 2025, reflecting core business profitability. This is down 22.9 percentage points from the prior year.

Net Margin

-36.1%

YoY-337.1pp

5Y CAGR+1308.7pp

AiRWA Inc's net profit margin was -36.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 337.1 percentage points from the prior year.

Return on Equity

-17.7%

YoY-183.4pp

AiRWA Inc's ROE was -17.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 183.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

YYAI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$12.8M+146.7%	$5.2M-47.6%	$9.9M-38.4%	$16.1M+49.0%	$10.8M+1474.5%	$686K
Cost of Revenue	$3.0M+152.9%	$1.2M-83.5%	$7.1M-39.9%	$11.9M+54.7%	$7.7M+460.2%	$1.4M
Gross Profit	$9.8M+144.9%	$4.0M+44.6%	$2.8M-34.2%	$4.2M+35.2%	$3.1M+556.2%	-$685K
R&D Expenses	N/A	N/A	$65K-91.1%	$736K+116.9%	$339K+88.6%	$180K
SG&A Expenses	$3.3M+1884.1%	$164K-99.3%	$22.7M-51.3%	$46.7M+909.1%	$4.6M-12.5%	$5.3M
Operating Income	$6.6M+70.7%	$3.9M+117.6%	-$22.0M+53.0%	-$46.7M-1153.4%	-$3.7M+46.1%	-$6.9M
Interest Expense	N/A	N/A	N/A	$105K	N/A	$573K
Income Tax	$2.0M+61.8%	$1.2M	N/A	N/A	N/A	N/A
Net Income	-$4.6M-129.6%	$15.6M	N/A	-$51.8M-178.4%	-$18.6M-101.5%	-$9.2M
EPS (Diluted)	N/A	$-32.44	$-5084.58-37675.5%	$-13.46	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$7.0M+132.4%	$3.0M0.0%	$3.0M0.0%	$3.0M-8.3%	$3.3M0.0%	$3.3M0.0%	$3.3M	N/A
Cost of Revenue	$6.6M+784.4%	$744K0.0%	$744K0.0%	$744K0.0%	$744K0.0%	$744K0.0%	$744K	N/A
Gross Profit	$391K-82.7%	$2.3M0.0%	$2.3M0.0%	$2.3M-10.8%	$2.5M0.0%	$2.5M0.0%	$2.5M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$2.0M+11.8%	$1.8M+129.1%	$764K-21.6%	$975K-51.2%	$2.0M+901.7%	$199K+125.4%	$89K	N/A
Operating Income	-$1.6M-2963.9%	$55K-96.3%	$1.5M+16.5%	$1.3M+141.5%	$530K-77.2%	$2.3M-4.5%	$2.4M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	$3K-99.7%	$966K	N/A
Income Tax	$82K-70.3%	$277K+11.3%	$249K-67.3%	$761K+103.5%	$374K-20.7%	$472K+16.4%	$405K	N/A
Net Income	-$1.6M	N/A	$1.3M-7.6%	$1.4M+431.9%	-$411K+69.9%	-$1.4M+67.6%	-$4.2M	N/A
EPS (Diluted)	$-0.050.0%	$-0.05	N/A	N/A	$-1.41-121.9%	$6.43+436.6%	$-1.91	N/A

YYAI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$34.7M+49.8%	$23.2M+252.1%	$6.6M-91.1%	$74.1M+543.8%	$11.5M+455.8%	$2.1M
Current Assets	$25.0M+17.9%	$21.2M+362.2%	$4.6M-63.7%	$12.6M+59.8%	$7.9M	N/A
Cash & Equivalents	$53K-96.9%	$1.7M+342.8%	$386K-75.9%	$1.6M+58.1%	$1.0M+874.6%	$104K
Inventory	N/A	$1.7M-28.9%	$2.3M-67.6%	$7.2M+39.4%	$5.2M+189.6%	$1.8M
Accounts Receivable	$18.4M+7019.9%	$258K-41.9%	$445K-67.6%	$1.4M+161.4%	$525K	N/A
Goodwill	N/A	N/A	N/A	$32.6M+2532.5%	$1.2M	N/A
Total Liabilities	$7.1M-48.7%	$13.7M-44.9%	$25.0M-5.3%	$26.4M+15.4%	$22.8M+172.7%	$8.4M
Current Liabilities	$7.1M-48.7%	$13.7M-41.0%	$23.3M+1.1%	$23.0M+1.0%	$22.8M+422.5%	$4.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$26.2M+177.2%	$9.4M+151.4%	-$18.4M-138.5%	$47.8M+521.9%	-$11.3M-79.6%	-$6.3M
Retained Earnings	$7.0M+104.1%	-$171.6M-12.5%	-$152.6M-79.8%	-$84.9M-363.1%	$32.3M+378.0%	-$11.6M

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$199.9M+16.1%	$172.1M+395.5%	$34.7M+5.6%	$32.9M+7.1%	$30.7M+42.3%	$21.6M-6.9%	$23.2M+0.1%	$23.2M
Current Assets	$62.0M-62.0%	$163.1M+553.2%	$25.0M+11.5%	$22.4M+15.1%	$19.5M-0.6%	$19.6M-7.6%	$21.2M+118.9%	$9.7M
Cash & Equivalents	$35.7M-66.2%	$105.5M+200131.8%	$53K-3.7%	$55K-34.6%	$84K-94.9%	$1.6M-4.0%	$1.7M+4248.8%	$39K
Inventory	N/A	N/A	N/A	N/A	N/A	$1.2M-29.7%	$1.7M+3.2%	$1.6M
Accounts Receivable	$16.3M+33.3%	$12.2M-33.7%	$18.4M+19.5%	$15.4M+24.2%	$12.4M+14098.1%	$87K-66.2%	$258K-94.8%	$4.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$12.3M+82.9%	$6.7M-4.4%	$7.1M+8.8%	$6.5M+59.2%	$4.1M-69.9%	$13.5M-1.5%	$13.7M+1.3%	$13.6M
Current Liabilities	$12.3M+82.9%	$6.7M-4.4%	$7.1M+8.8%	$6.5M+59.2%	$4.1M-69.9%	$13.5M-1.5%	$13.7M+853.3%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$187.5M+13.4%	$165.4M+532.2%	$26.2M+3.5%	$25.3M-3.1%	$26.1M+224.3%	$8.0M-14.8%	$9.4M-1.7%	$9.6M
Retained Earnings	-$29.3M-8.8%	-$26.9M-484.6%	$7.0M+14.4%	$6.1M-11.5%	$6.9M+104.0%	-$173.0M-0.8%	-$171.6M-6634.0%	$2.6M

YYAI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$379K-1064.1%	$39K+100.6%	-$6.4M+48.5%	-$12.4M-173.8%	-$4.5M-7.3%	-$4.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	-$16.5M	N/A	-$1.6M-5294.5%	-$30K-140.9%	$73K
Financing Cash Flow	$395K+116.1%	-$2.4M-142.0%	$5.8M-57.6%	$13.7M+153.4%	$5.4M+28.5%	$4.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$332K

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	$35.7M+215.9%	-$30.8M-2742.4%	-$1.1M-155.8%	-$424K-216.7%	-$134K-117.2%	$779K+229.6%	-$601K-30.6%	-$460K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$129.8M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$24.3M-85.9%	$172.3M+15824.2%	$1.1M	N/A	N/A	-$191K-131.4%	$607K+102.7%	-$22.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

YYAI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	76.8%-0.6pp	77.3%+49.3pp	28.0%+1.8pp	26.2%-2.7pp	28.9%+128.7pp	-99.8%
Operating Margin	51.3%-22.9pp	74.2%+295.5pp	-221.3%+68.8pp	-290.1%-255.6pp	-34.5%+973.6pp	-1008.1%
Net Margin	-36.1%-337.1pp	300.9%	N/A	-321.5%-149.4pp	-172.1%+1172.7pp	-1344.8%
Return on Equity	-17.7%-183.4pp	165.7%	N/A	-108.4%	N/A	N/A
Return on Assets	-13.3%-80.8pp	67.4%	N/A	-69.8%+91.6pp	-161.5%+283.9pp	-445.4%
Current Ratio	3.54+2.0	1.54+1.3	0.20-0.4	0.55+0.2	0.35	N/A
Debt-to-Equity	0.27-1.2	1.46+2.8	-1.36-1.9	0.55+2.6	-2.02-0.7	-1.33
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	5.6%-69.6pp	75.2%0.0pp	75.2%0.0pp	75.2%-2.1pp	77.3%0.0pp	77.3%0.0pp	77.3%	N/A
Operating Margin	-22.5%-24.3pp	1.8%-47.9pp	49.7%+7.0pp	42.7%+26.5pp	16.2%-55.0pp	71.2%-3.4pp	74.6%	N/A
Net Margin	-23.2%	N/A	42.0%-3.5pp	45.5%+58.1pp	-12.6%+29.2pp	-41.7%+87.2pp	-129.0%	N/A
Return on Equity	-0.9%	N/A	4.8%-0.6pp	5.4%+7.0pp	-1.6%+15.4pp	-17.0%+27.7pp	-44.7%	N/A
Return on Assets	-0.8%	N/A	3.6%-0.5pp	4.2%+5.5pp	-1.3%+5.0pp	-6.3%+11.9pp	-18.2%	N/A
Current Ratio	5.03-19.2	24.18+20.6	3.54+0.1	3.45-1.3	4.78+3.3	1.45-0.1	1.54-5.2	6.71
Debt-to-Equity	0.07+0.0	0.04-0.2	0.27+0.0	0.26+0.1	0.16-1.5	1.68+0.2	1.46+0.0	1.41
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is AiRWA Inc's annual revenue?

AiRWA Inc (YYAI) reported $12.8M in total revenue for fiscal year 2025. This represents a 146.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is AiRWA Inc's revenue growing?

AiRWA Inc (YYAI) revenue grew by 146.7% year-over-year, from $5.2M to $12.8M in fiscal year 2025.

Is AiRWA Inc profitable?

No, AiRWA Inc (YYAI) reported a net income of -$4.6M in fiscal year 2025, with a net profit margin of -36.1%.

What is AiRWA Inc's EBITDA?

AiRWA Inc (YYAI) had EBITDA of $9.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is AiRWA Inc's gross margin?

AiRWA Inc (YYAI) had a gross margin of 76.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is AiRWA Inc's operating margin?

AiRWA Inc (YYAI) had an operating margin of 51.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is AiRWA Inc's net profit margin?

AiRWA Inc (YYAI) had a net profit margin of -36.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is AiRWA Inc's return on equity (ROE)?

AiRWA Inc (YYAI) has a return on equity of -17.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is AiRWA Inc's operating cash flow?

AiRWA Inc (YYAI) generated -$379K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are AiRWA Inc's total assets?

AiRWA Inc (YYAI) had $34.7M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does AiRWA Inc have outstanding?

AiRWA Inc (YYAI) had 15M shares outstanding as of fiscal year 2025.

What is AiRWA Inc's current ratio?

AiRWA Inc (YYAI) had a current ratio of 3.54 as of fiscal year 2025, which is generally considered healthy.

What is AiRWA Inc's debt-to-equity ratio?

AiRWA Inc (YYAI) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is AiRWA Inc's return on assets (ROA)?

AiRWA Inc (YYAI) had a return on assets of -13.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is AiRWA Inc's cash runway?

Based on fiscal year 2025 data, AiRWA Inc (YYAI) had $53K in cash against an annual operating cash burn of $379K. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is AiRWA Inc's Altman Z-Score?

AiRWA Inc (YYAI) has an Altman Z-Score of 3.40, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is AiRWA Inc's Piotroski F-Score?

AiRWA Inc (YYAI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are AiRWA Inc's earnings high quality?

AiRWA Inc (YYAI) has an earnings quality ratio of 0.08x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is AiRWA Inc?

AiRWA Inc (YYAI) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.