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Wam Research(ASX) WAX

Market CapA$182.74MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2003)+289%
5 Year-25%
1 Year-25%
1 Month-19%
A$0.87
-1.70%
-0.02Today
Wam Research last closing stock price
MetricPriceDate
Last closeAUD 0.872026-09-04
Wam Research stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-6.45%AUD 0.932026-08-28
1 month-18.69%AUD 1.072026-08-05
3 month-15.53%AUD 1.032026-06-05
Year to date-25.81%AUD 1.172025-12-31
1 year-24.72%AUD 1.162025-09-04
3 year-3.89%AUD 0.912023-09-05
5 year-24.88%AUD 1.162021-09-03
Since inception+289.11%AUD 0.222003-08-19

Wam Research Financials at a Glance

Market Cap

A$182.74MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

A$8.77M

Net Income (TTM)

A$531.19K

EPS (TTM)

-A$0.13

P/E Ratio

-6.53

Dividend

A$0.10

Beta (Volatility)

-0.02 (Low)

Price

A$0.87

Volume

290,383

Open

A$0.89

Previous Close

A$0.87

Daily Range

A$0.87 - A$0.90

52-Week Range

A$0.82 - A$1.36

Estimated Earnings Date

Feb 17, 2026

WAX News

No articles available.

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About Wam Research

WAM Research Limited is an Australian-domiciled closed-end equity investment vehicle, primarily focused on publicly listed companies in Australia. The company aims to identify opportunities in small and medium-cap firms, utilizing proprietary in-house research to pursue value and growth investment strategies.

Products and Services
  • Closed-end equity investment vehicle targeting Australian companies
  • Focus on small and medium-capitalization firms
  • Investment strategies informed by proprietary research
Growth Outlook
  • Recent quarterly revenue showed a significant increase to AUD 44.39 million
  • Trailing twelve months (TTM) revenue reached AUD 24.10 million
  • Strong cash flow generation with net cash provided by operating activities of AUD 13.23 million
Financial Highlights
  • TTM dividend yield stands at approximately 9.57%
  • Recent quarterly net income reported at AUD 2.13 million
  • Market capitalization of AUD 219.49 million with a stable cash position
WAM Research Limited operates within the asset management industry, focusing on identifying investment opportunities in the Australian market. The company has demonstrated a robust growth trajectory, particularly in its recent quarterly performance, which reflects a strong recovery in revenue generation. The significant increase in cash flow from operating activities indicates effective management of resources and a solid foundation for future growth. The company's focus on small and medium-cap firms allows it to tap into potentially undervalued assets, providing opportunities for substantial returns. With a competitive dividend yield, WAM Research Limited presents an attractive option for investors seeking income alongside capital appreciation. The management's commitment to rigorous research and analysis further enhances the potential for sustained growth and value creation in the long term.
AI Generated • Aug 18, 2026

Industry

Capital Markets

CEO

Kate Thorley, CPA

Headquarters

Sydney, NSW 2000, AU

WAX Financials

Key Financial Metrics (TTM)

Gross Margin

107.13%

Operating Margin

108.99%

Net Income Margin

74.53%

Return on Equity

-14.16%

Return on Capital

-22.63%

Return on Assets

-15.03%

Earnings Yield

-15.31%

Dividend Yield

11.49%

Payout Ratio

-62.15%

Stock Overview

Market Cap

A$182.74MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

210.04M

Volume

290.38K

Avg. Volume

249.47K

Financials (TTM)

Gross Profit

A$6.09M

Operating Income

-A$2.79M

EBITDA

-A$1.49M

Operating Cash Flow

A$26.04M

Capital Expenditure

A$0.00

Free Cash Flow

A$26.04M

Cash & ST Invst.

A$159.88M

Total Debt

A$0.00

Wam Research Performance Analysis

Wam Research annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20232023-06-30AUD 25,789,384N/A
20242024-06-30AUD 54,244,395110.3%
20252025-06-30AUD 46,274,594-14.7%
20262026-06-30AUD -37,508,570N/A
Wam Research sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-30194.5%
Q42025-06-30-95.8%
Q22025-12-31-275.6%
Q42026-06-30-933.7%
Wam Research annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20232023-06-30AUD 0.08N/A
20242024-06-30AUD 0.1689.8%
20252025-06-30AUD 0.14-13.5%
20262026-06-30AUD -0.13N/A
Wam Research sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22024-12-3049.4%
Q42025-06-30-91.9%
Q22025-12-31-249.0%
Q42026-06-30-674.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q4 2025YOY CHG

Revenue

-A$34.20M

-326.9%

Gross Profit

-A$35.40M

-474.9%

Gross Margin

1.04%

N/A

Market Cap

A$182.74MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

N/A

N/A

Net Income

-A$24.74M

-242.1%

EBITDA

-A$35.77M

-248.3%

Quarterly Fundamentals

Name
Q4 2025YOY CHG

Total Cash

A$159.88M

-26.6%

Total Debt

A$0.00

N/A

Accounts Receivable

A$8.18M

+132.8%

Inventory

A$0.00

N/A

Long Term Debt

A$0.00

N/A

Short Term Debt

A$0.00

N/A

Return on Assets

-15.03%

N/A

Return on Invested Capital

-21.97%

N/A

Free Cash Flow

-A$2.89M

-184.9%

Operating Cash Flow

-A$2.89M

-184.9%

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Questions About WAX

What is the current price of Wam Research?

Wam Research is trading at A$0.87 per share.

What is the 52-week range for Wam Research?

Over the past 52 weeks, Wam Research has traded between A$0.82 and A$1.36.

How much debt does Wam Research have?

As of the most recent reporting period, Wam Research reported total debt of A$0.00.

How much cash does Wam Research have on hand?

Wam Research reported A$3.22M in cash and cash equivalents in its most recent financial results.

What is Wam Research’s dividend yield?

Wam Research currently has a dividend yield of 11.49%.

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