AIRWA INC.
Financial highlights
| Metric | FY 04/30/25 | FY 04/30/24 | FY 04/30/23 | FY 01/31/23 | FY 04/30/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $12.8M | $5.2M | $9.9M | — | $16.1M |
| Cost of revenue | $3.0M | $1.2M | $7.1M | — | $11.9M |
| Gross profit | $9.8M | $4.0M | $2.8M | — | $4.2M |
| Research and development | — | — | $65,164 | — | $736,141 |
| Operating expenses | $3.3M | $164,376 | $24.7M | — | $50.9M |
| Operating income | $6.6M | $3.9M | -$22.0M | — | -$46.7M |
| Interest expense | — | — | — | — | $105,349 |
| Pretax income | $6.6M | $3.9M | -$25.3M | — | -$46.5M |
| Income tax expense | $2.0M | $1.2M | — | — | — |
| Net income | $3.5M | $2.6M | -$71.2M | — | -$51.8M |
| Balance Sheet | |||||
| Cash and equivalents | $54,744 | $39,351 | $202,095 | — | $665,002 |
| Current assets | $22.4M | $9.7M | $5.0M | — | $12.8M |
| Total assets | $32.9M | $23.2M | $7.1M | — | $74.9M |
| Current liabilities | $6.5M | $1.4M | $23.8M | — | $39.0M |
| Total liabilities | $6.5M | $1.4M | $25.7M | — | $42.4M |
| Stockholders' equity | $25.3M | $21.7M | -$18.6M | $11.7M | $32.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$379,384 | $39,351 | -$6.4M | — | -$12.4M |
| Depreciation and amortization | $3.0M | $1.2M | $11.6M | — | $43,534 |
| Stock-based compensation | $62,500 | — | $746,511 | — | $32.5M |
| Impairments | — | — | $6.8M | — | $2.4M |
Shares outstanding 42.1M · Free float 79.5%
Annual filing data through FY ended April 30, 2025; float as of July 15, 2026.