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Side-by-side financial comparison of MindWalk Holdings Corp. (HYFT) and AIRWA INC. (YYAI). Click either name above to swap in a different company.

MindWalk Holdings Corp. is the larger business by last-quarter revenue ($3.0M vs $3.0M, roughly 1.0× AIRWA INC.). AIRWA INC. runs the higher net margin — -7.4% vs -94.5%, a 87.1% gap on every dollar of revenue. On growth, AIRWA INC. posted the faster year-over-year revenue change (729.8% vs 52.4%). Over the past eight quarters, AIRWA INC.'s revenue compounded faster (14.3% CAGR vs -18.2%).

Flying W Airways (FWA) was a briefly high-profile publicly-traded company of the late 1960s/early 1970s, which originated in 1961 when its founders opened Flying W Airport in New Jersey as a fly-in resort. FWA became a bet on Alaskan oil and at its peak in 1969 attracted investment by the Matlack family, had two Hollywood actors on its board and bought Red Dodge Aviation (RDA) of Alaska, for which it acquired Lockheed L-100 Hercules aircraft, to take advantage of forthcoming Alaska pipeline c...

HYFT vs YYAI — Head-to-Head

Bigger by revenue
HYFT
HYFT
1.0× larger
HYFT
$3.0M
$3.0M
YYAI
Growing faster (revenue YoY)
YYAI
YYAI
+677.4% gap
YYAI
729.8%
52.4%
HYFT
Higher net margin
YYAI
YYAI
87.1% more per $
YYAI
-7.4%
-94.5%
HYFT
Faster 2-yr revenue CAGR
YYAI
YYAI
Annualised
YYAI
14.3%
-18.2%
HYFT

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
HYFT
HYFT
YYAI
YYAI
Revenue
$3.0M
$3.0M
Net Profit
$-2.9M
$-221.8K
Gross Margin
59.3%
75.2%
Operating Margin
1.8%
Net Margin
-94.5%
-7.4%
Revenue YoY
52.4%
729.8%
Net Profit YoY
81.7%
83.8%
EPS (diluted)
$-0.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HYFT
HYFT
YYAI
YYAI
Q1 26
$3.0M
Q4 25
$3.0M
$3.0M
Q3 25
$2.3M
$3.0M
Q2 25
$12.1M
$3.0M
Q1 25
$2.0M
$3.3M
Q4 24
$2.0M
$3.3M
Q3 24
$3.8M
$3.3M
Q2 24
$-701.1K
Net Profit
HYFT
HYFT
YYAI
YYAI
Q1 26
$-2.9M
Q4 25
$-2.3M
$-221.8K
Q3 25
$-2.2M
$1.3M
Q2 25
$552.2K
Q1 25
$-15.7M
$-411.2K
Q4 24
$-1.9M
$-1.4M
Q3 24
$-2.9M
$-4.2M
Q2 24
Gross Margin
HYFT
HYFT
YYAI
YYAI
Q1 26
59.3%
Q4 25
64.5%
75.2%
Q3 25
48.3%
75.2%
Q2 25
56.5%
75.2%
Q1 25
64.6%
77.3%
Q4 24
51.1%
77.3%
Q3 24
19.2%
77.3%
Q2 24
Operating Margin
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
1.8%
Q3 25
49.7%
Q2 25
42.7%
Q1 25
16.2%
Q4 24
71.2%
Q3 24
74.6%
Q2 24
Net Margin
HYFT
HYFT
YYAI
YYAI
Q1 26
-94.5%
Q4 25
-77.5%
-7.4%
Q3 25
-93.6%
42.0%
Q2 25
18.4%
Q1 25
-788.9%
-12.6%
Q4 24
-95.3%
-41.7%
Q3 24
-76.0%
-129.0%
Q2 24
EPS (diluted)
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
$-0.05
Q3 25
Q2 25
Q1 25
$-1.41
Q4 24
$6.43
Q3 24
$-1.91
Q2 24
$-30.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HYFT
HYFT
YYAI
YYAI
Cash + ST InvestmentsLiquidity on hand
$10.4M
$107.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.8M
$165.4M
Total Assets
$16.8M
$172.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HYFT
HYFT
YYAI
YYAI
Q1 26
$10.4M
Q4 25
$12.1M
$107.0M
Q3 25
$3.7M
$2.5M
Q2 25
$7.9M
$1.4M
Q1 25
$9.5M
$4.3M
Q4 24
$2.6M
$18.1M
Q3 24
$2.9M
$18.2M
Q2 24
$1.8M
Stockholders' Equity
HYFT
HYFT
YYAI
YYAI
Q1 26
$10.8M
Q4 25
$12.9M
$165.4M
Q3 25
$15.1M
$26.2M
Q2 25
$17.2M
$25.3M
Q1 25
$18.2M
$26.1M
Q4 24
$23.3M
$8.0M
Q3 24
$24.0M
$9.4M
Q2 24
$9.6M
Total Assets
HYFT
HYFT
YYAI
YYAI
Q1 26
$16.8M
Q4 25
$19.1M
$172.1M
Q3 25
$29.7M
$34.7M
Q2 25
$32.4M
$32.9M
Q1 25
$33.2M
$30.7M
Q4 24
$43.8M
$21.6M
Q3 24
$43.3M
$23.2M
Q2 24
$23.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HYFT
HYFT
YYAI
YYAI
Operating Cash FlowLast quarter
$-30.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
$-30.8M
Q3 25
$-3.1M
$-1.1M
Q2 25
$-4.7M
$-423.7K
Q1 25
$-133.8K
Q4 24
$779.4K
Q3 24
$-1.3M
$-601.3K
Q2 24
$-460.3K
Free Cash Flow
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-1.5M
Q2 24
FCF Margin
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-39.6%
Q2 24
Capex Intensity
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
5.0%
Q2 24
Cash Conversion
HYFT
HYFT
YYAI
YYAI
Q1 26
Q4 25
Q3 25
-0.86×
Q2 25
-0.77×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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