Forensic Analysis · Technology / Software · as of Jul 26, 2026
Airwa Inc. (YYAI)
A forensic read on Airwa Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
9.2
Altman Z-score
Watch
Earnings quality
5
Forensic signals
13.8%
ROE
146.7%
Revenue growth
Financial health / Altman Z-score above is based on book value, not market value — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.
Airwa Inc. earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 9.2, placing it in the Safe zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
744d
FY2023→FY2024
Inventory days.Days inventory outstanding moved from 163 to 744 FY2023→FY2024 (against cost of goods sold; inventory -50% vs -84% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
OCF ($4M)
FY2020
Shareholder returns.Returned $332,239 to shareholders (buybacks + dividends) in FY2020, while operating cash flow itself was ($4M) — zero or negative. Capex isn't disclosed for FY2020, but free cash flow can't have been positive when operating cash flow already isn't, so the entire return is coming from debt or cash reserves, not cash the business generated.
+19.5%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +19.5% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by receivables up +212% on the year. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by 16% of net operating assets.
n/m (stock split)
FY2022–FY2025
Share count (stock split).Diluted share count changed +235% over the last 3 years to FY2025, but that includes a large one-time change around FY2023 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +49.7%/yr figure isn't a real buyback/dilution read here.
Key fundamentals
Latest Revenue$12.8M
Revenue Growth YoY+146.7%
Revenue CAGR (3yr)-7.3%
Net Margin27.2%
Free Cash Flow$3.4M
Return on Equity13.8%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Airwa Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about YYAI's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
Data from SEC EDGAR public filings · metrics as of Jul 26, 2026. Forensic signals flag probability, not certainty.
Airwa Inc. (YYAI) Stock — Forensic Analysis, Red Flags & Rating | Stockonomy · Stockonomy
$9M
FY2022–FY2023
Goodwill impairments.Took $9M of goodwill writedowns across 2 years (FY2022 ($2M), FY2023 ($7M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.