Audioeye vs Airwa
Audioeye is the larger business, with $40.3m of revenue in fiscal 2025 against $25.8m for Airwa (1.6 times as much). Airwa grew faster (101.3% against 14.5%). Audioeye kept more of each dollar of sales as profit: a net margin of -7.6% against -68.0%. Airwa carries less debt relative to equity (0.0% against 279.0%).
| Latest fiscal year | AudioeyeAEYE, 2025 | AirwaYYAI, 2026 |
|---|---|---|
| Revenue | $40.3m | $25.8m |
| Revenue growth | 14.5% | 101.3% |
| Net income | −$3.1m | −$17.6m |
| Operating margin | -4.5% | -23.7% |
| Net margin | -7.6% | -68.0% |
| Return on equity | -43.2% | -17.9% |
| Free cash flow | $4.7m | −$20.9m |
| Cash | $5.3m | $12.8m |
| Total debt | $13.4m | $0 |
| Debt to equity | 279.0% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4.6m | — |
| Employees | 116 | 49 |
| Market value | $170m | $41,616 |
| Price vs our value range | — | — |
| Moat score | 10 (Weak) | 5 (Weak) |
| Insider trades, 12 months | 12 buys, 0 sales | 9 buys, 3 sales |