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Side-by-side financial comparison of VisionWave Holdings, Inc. (VWAV) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

Zepp Health Corp is the larger business by last-quarter revenue ($10.5M vs $10.0M, roughly 1.0× VisionWave Holdings, Inc.). Zepp Health Corp runs the higher net margin — -2.1% vs -69.4%, a 67.2% gap on every dollar of revenue.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

VWAV vs ZEPP — Head-to-Head

Bigger by revenue
ZEPP
ZEPP
1.0× larger
ZEPP
$10.5M
$10.0M
VWAV
Higher net margin
ZEPP
ZEPP
67.2% more per $
ZEPP
-2.1%
-69.4%
VWAV

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
VWAV
VWAV
ZEPP
ZEPP
Revenue
$10.0M
$10.5M
Net Profit
$-6.9M
$-223.0K
Gross Margin
38.2%
Operating Margin
-65.7%
-1.2%
Net Margin
-69.4%
-2.1%
Revenue YoY
Net Profit YoY
-1522.6%
EPS (diluted)
$-0.01

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
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$10.0M
Q3 25
$10.5M
Q2 25
$8.2M
Q1 25
$5.3M
Q3 24
$5.9M
Q2 24
$5.6M
Q1 24
$5.5M
Q3 23
$11.4M
Net Profit
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$-6.9M
Q3 25
$-223.0K
Q2 25
$-1.1M
Q1 25
$-2.7M
Q3 24
$-1.8M
Q2 24
$-1.5M
Q1 24
$-2.0M
Q3 23
$52.6K
Gross Margin
VWAV
VWAV
ZEPP
ZEPP
Q4 25
Q3 25
38.2%
Q2 25
36.2%
Q1 25
37.3%
Q3 24
40.6%
Q2 24
40.3%
Q1 24
36.8%
Q3 23
33.9%
Operating Margin
VWAV
VWAV
ZEPP
ZEPP
Q4 25
-65.7%
Q3 25
-1.2%
Q2 25
-10.3%
Q1 25
-47.7%
Q3 24
-29.5%
Q2 24
-24.3%
Q1 24
-39.6%
Q3 23
Net Margin
VWAV
VWAV
ZEPP
ZEPP
Q4 25
-69.4%
Q3 25
-2.1%
Q2 25
-13.0%
Q1 25
-51.2%
Q3 24
-31.2%
Q2 24
-26.7%
Q1 24
-36.8%
Q3 23
0.5%
EPS (diluted)
VWAV
VWAV
ZEPP
ZEPP
Q4 25
Q3 25
$-0.01
Q2 25
$-0.07
Q1 25
$-0.17
Q3 24
$-0.01
Q2 24
$-0.01
Q1 24
$-0.01
Q3 23

Balance Sheet & Financial Strength

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

Metric
VWAV
VWAV
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$15.7K
$8.7M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$3.1M
$31.2M
Total Assets
$18.4M
$80.9M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$15.7K
Q3 25
$8.7M
Q2 25
$7.8M
Q1 25
$10.7M
Q3 24
$16.4M
Q2 24
$17.0M
Q1 24
$17.9M
Q3 23
$17.9M
Total Debt
VWAV
VWAV
ZEPP
ZEPP
Q4 25
Q3 25
$9.6M
Q2 25
$9.7M
Q1 25
$9.6M
Q3 24
$5.7M
Q2 24
$7.3M
Q1 24
$11.2M
Q3 23
$16.3M
Stockholders' Equity
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$3.1M
Q3 25
$31.2M
Q2 25
$31.1M
Q1 25
Q3 24
Q2 24
$44.6M
Q1 24
Q3 23
$48.0M
Total Assets
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$18.4M
Q3 25
$80.9M
Q2 25
$75.8M
Q1 25
$71.6M
Q3 24
$81.3M
Q2 24
$79.7M
Q1 24
$80.5M
Q3 23
$91.4M
Debt / Equity
VWAV
VWAV
ZEPP
ZEPP
Q4 25
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q3 24
Q2 24
0.16×
Q1 24
Q3 23
0.34×

Cash Flow & Capital Efficiency

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

Metric
VWAV
VWAV
ZEPP
ZEPP
Operating Cash FlowLast quarter
$-5.4M
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
VWAV
VWAV
ZEPP
ZEPP
Q4 25
$-5.4M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

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