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VisionWave Holdings, Inc.

For the period ended Dec 31, 2025. Filed Feb 17, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2025 · Filed Feb 17, 2026

VWAV$1.35+0.7%Stored close · as of Nov 9, 2026

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**UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒** QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the quarterly period ended

December 31, 2025

☐** TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the transition period from to

VISIONWAVE HOLDINGS INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware001-7274199-5002777
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
300 Delaware Ave., Suite 210 # 301 Wilmington, DE.19801
(Address of Principal Executive Offices)(Zip Code)

Registrant’s telephone number, including area code: (302) 305-4790

N/A

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock, par value $0.01 per shareVWAVThe Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50VWAVWThe Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Exchange Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒

As of February 17, 2026,19,591,163 shares of common stock, par value $0.01 per share, were issued and outstanding.

VISIONWAVE HOLDINGS, INC.

FORM 10-Q FOR THE QUARTER ENDED DECEMBER 31, 2025

TABLE OF CONTENTS

Page
Part I. Financial Information3
Item 1. Financial Statements
Condensed Consolidated Balance Sheets as of December 31, 2025 (unaudited) and September 30, 20253
Unaudited Condensed Consolidated Statements of Operations for the three months ended December 31, 2025 and 20244
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the three months ended December 31, 2025 and 20245
Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended December 31, 2025 and 20246
Notes to Unaudited Condensed Consolidated Financial Statements7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations41
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk64
Item 4. Controls and Procedures64
Part II. Other Information65
Item 1. Legal Proceedings65
Item 1A. Risk Factors66
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities66
Item 3. Defaults Upon Senior Securities71
Item 4. Mine Safety Disclosures71
Item 5. Other Information71
Item 6. Exhibits71
Part III. Signatures75
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.