AIRWA INC.
YYAI · Services-Computer Programming, Data Processing, Etc. · 42.1M shares · +74%/yr ↑ shares · EDGAR filings ↗
Reference price $0.91 · est. market cap ~$38M — last insider purchase, 2026-04-10 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C52Profitable Hong Kong micro-cap, but earnings are not cash-backed and geopolitical risk is elevated.
Strengths
- Reported profitability and growth — operating margin 51% (96th), net margin 27%, revenue +147% (94th)
Risks
- Earnings not cash-backed — OCF margin -3% (13th)
- Hong Kong / PRC regulatory and political risk — per 10-K
- Micro-cap scale/governance risk — per 10-K
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
76.8%
Operating margin
51.3%
Net margin
27.2%
Return on equity
13.8%
Return on assets
10.6%
Revenue growth (QoQ)
132.4%
Net-income growth
33.0%
Current ratio
3.5×
EBITDA
$10M
Tangible book value
$15M
Cash & investments
$1M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-10 | Zhou Hongyu | Buy | 10K | $0.91 |
| 2026-01-21 | Zhou Hongyu | Buy | 4.2M | $1.37 |
| 2026-01-12 | Zhou Hongyu | Buy | 744K | $1.41 |
| 2026-01-11 | Zhou Hongyu | Buy | 365K | $1.23 |
| 2026-01-08 | Zhou Hongyu | Buy | 139K | $1.21 |
| 2026-01-07 | Zhou Hongyu | Buy | 50K | $1.03 |
| 2026-01-06 | Zhou Hongyu | Buy | 123K | $1.02 |
| 2026-01-05 | Zhou Hongyu | Buy | 17K | $1.00 |
| 2025-10-27 | Belfiore Michael Anthony | Grant | 65K | — |
| 2025-10-27 | Belfiore Michael Anthony | Buy | 6.1K | $2.91 |
| 2025-10-10 | Belfiore Michael Anthony | Buy | 20K | $0.19 |
| 2025-10-08 | Belfiore Michael Anthony | Buy | 3.2M | $0.32 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Exec/director change | filing ↗ |
| 2026-05-19 | 5.03Reg FDExhibits | filing ↗ |
| 2026-04-22 | Shareholder vote | filing ↗ |
| 2026-04-20 | Exhibits | filing ↗ |
| 2026-02-05 | Material agreementAcquisition/dispositionExhibits | filing ↗ |
| 2026-01-15 | Material agreement3.02Exhibits | filing ↗ |
| 2025-12-22 | Material agreementOtherExhibits | filing ↗ |
| 2025-10-27 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-02 | 0001493152-26-027753 ↗ |
| 8-K | 2026-05-19 | 2026-05-14 | 0001493152-26-024417 ↗ |
| 8-K | 2026-04-22 | 2026-04-17 | 0001493152-26-018493 ↗ |
| 8-K/A | 2026-04-20 | 2026-01-31 | 0001493152-26-017959 ↗ |
| 10-Q | 2026-03-17 | 2026-01-31 | 0001493152-26-010626 ↗ |
| 8-K | 2026-02-05 | 2026-01-30 | 0001493152-26-005379 ↗ |
| 8-K | 2026-01-15 | 2026-01-14 | 0001493152-26-002441 ↗ |
| 10-Q | 2025-12-23 | 2025-10-31 | 0001493152-25-029123 ↗ |
| 8-K | 2025-12-22 | 2025-12-18 | 0001493152-25-028804 ↗ |
| 8-K | 2025-10-27 | 2025-10-22 | 0001493152-25-019685 ↗ |
| 8-K | 2025-10-23 | 2025-10-22 | 0001493152-25-019012 ↗ |
| 8-K | 2025-10-07 | 2025-10-07 | 0001493152-25-017234 ↗ |