AiRWA's FY2026 10-K Reveals $17.6M Loss, $7.5M Impairment, and ATM Suspension Until 2027
YYAI is trading near its 52-week low of $0.659 (9.4% above the low) on light trading volume (0.1× avg).
Summary
AiRWA's FY2026 annual report shows a $17.6M net loss, a $7.5M impairment, and the suspension of its ATM financing until at least August 2027 due to reporting delinquency.
Key Events · Earnings and Guidance · YYAI
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FY2026 Net Loss of $17.6M
Revenue grew 101% to $25.8M, but cost of revenue surged 655% to $22.5M, producing a $17.6M net loss versus a $4.6M profit in FY2025.
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$7.5M Intangible Asset Impairment
The company recognized a $7.5M impairment on intangible assets and a $2.6M impairment on amounts due from a director, contributing to the loss.
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All Technology Licensing Customers Terminated
All three licensees terminated their agreements in FY2026 (December 2, September 1, and August 31, 2025), eliminating the royalty revenue stream that generated $7.3M in FY2026.
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ATM Financing Suspended Until August 2027
The Sales Agreement with A.G.P./Alliance Global Partners is unavailable for use because the company is not current in its reporting obligations; the company does not expect to resume sales until at least August 1, 2027.
Analysis · YYAI · Technology
AiRWA's first audited annual report for FY2026 shows the company swung from a $4.6M profit to a $17.6M net loss, driven by a $7.5M intangible asset impairment, a $2.6M write-off of amounts due from a director, and a 655% surge in cost of revenue. The company also disclosed that all three of its technology licensing customers terminated their agreements during the year, eliminating a core revenue stream. Critically, the ATM sales agreement is unavailable for use until at least August 1, 2027 because the company is not current in its reporting obligations — a direct consequence of the Nasdaq deficiency notice received in August 2026. This removes a key financing lifeline at a time when the company has $12.8M in cash and a $20M balance due on the Best Life acquisition by October 28, 2026.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36% of the 1040 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, YYAI was trading at $0.72 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.4M. The 52-week trading range was $0.66 to $118,000.00. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.