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VisionWave Holdings vs Upay: VWAV and UPYY compared
VisionWave Holdings is the larger company: $286K of revenue in its latest quarter (Q3 FY26) against $285K for Upay (Q2 FY27).
Where the money goes: VWAV and UPYY
VisionWave Holdings (VWAV) · Q3 FY26
VisionWave Holdings, Q3 FY26: revenue $286K, net loss $25.9M, operating cash flow −$6.0M. The chart follows the revenue to costs, profit and cash.
Upay (UPYY) · Q2 FY27
Upay, Q2 FY27: revenue $285K (+51% year over year), operating margin -84.7%, net loss $770K, operating cash flow −$57. The chart follows the revenue to costs, profit and cash.
| VisionWave Holdings (VWAV) | Upay (UPYY) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 FY27 |
| Revenue | $286K | $285K |
| Revenue growth, Y/Y | — | +51% |
| Operating margin | n/m | -84.7% |
| Net earnings | −$25.9M | −$770K |
| Net margin | — | -270.1% |
| Operating cash flow | −$6.0M | −$57 |
Questions
Which is bigger, VisionWave Holdings or Upay?
VisionWave Holdings is the larger company: $286K of revenue in its latest quarter (Q3 FY26) against $285K for Upay (Q2 FY27).
More: VisionWave Holdings earnings · how VisionWave Holdings makes money · Upay earnings · how Upay makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 19, 2026; 10-Q filed Oct 20, 2026). Fiscal quarters can end on different dates. Not investment advice.