AiRWA Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.8M | $12.8M | $5.2M | $9.9M | $16.1M | $10.8M | $686.2K | $0 |
| Cost of Revenue | $22.5M | $3.0M | $1.2M | $7.1M | $11.9M | $7.7M | $1.4M | — |
| Gross Profit | $3.3M | $9.8M | $4.0M | $2.8M | $4.2M | $3.1M | $-684.7K | — |
| Gross Margin | 12.9% | 76.8% | 77.3% | 28.0% | 26.2% | 28.9% | -99.8% | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | $65.2K | $736.1K | $339.4K | $180.0K | — |
| SG&A Expense | $8.7M | $3.3M | $164.4K | $22.7M | $46.7M | $4.6M | $5.3M | $28.3K |
| Operating Income | $-6.1M | $6.6M | $3.9M | $-22.0M | $-46.7M | $-3.7M | $-6.9M | $-28.3K |
| Operating Margin | -23.7% | 51.3% | 74.2% | -221.3% | -290.1% | -34.5% | -1,008.1% | — |
| Interest Expense | — | — | — | — | $105.3K | — | $573.4K | — |
| Pretax Income | $-18.6M | $6.6M | $3.9M | $-25.3M | $-46.5M | $-18.6M | $-9.2M | $-28.3K |
| Income Tax Expense | $-1.1M | $2.0M | $1.2M | — | — | — | — | — |
| Net Income | $-17.6M | $3.5M | $2.6M | $-71.2M | $-51.8M | $-18.6M | $-9.2M | $-28.3K |
| Net Margin | -68.0% | 27.2% | 50.5% | -717.1% | -321.5% | -172.1% | -1,344.8% | — |
| EPS (Basic) | $-752.73 | $10,842.51 | $0.23 | $-5,084.58 | $-13.46 | $-2.32 | $-0.12 | $0.00 |
| EPS (Diluted) | $-752.73 | $10,842.51 | $-32.44 | $-5,084.58 | $-13.46 | $-0.23 | $-0.12 | $0.00 |
| Shares Outstanding (Basic) | 23.3K | 12.9M | 11.6M | 11.2M | 3.8M | 8.0M | 78.6M | — |
| Shares Outstanding (Diluted) | 23.3K | 12.9M | 11.6M | 11.2M | 3.8M | 8.0M | 78.6M | 18.3M |
| Dividends Per Share | — | — | — | — | — | — | — | — |