Sanuwave Health Inc (SNWV) financials
Sanuwave Health revenue and earnings by year
Sanuwave Health's revenue was $44.1 million in the fiscal year to December 31, 2025, up 35.0% from the year before. Net income was $11.8 million, 26.8% of revenue. Since the fiscal year to December 31, 2019, revenue has grown 87.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 7 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | 44 | 33 | 20 | 17 | 13 | 4 | 1 |
| Revenue growth | 35.0% | 60.0% | 21.8% | 28.7% | 220.7% | 294.4% | — |
| Gross profit | 34 | 25 | 14 | 12 | 8 | 3 | 0 |
| Gross margin | 77.1% | 75.2% | 70.4% | 74.1% | 61.7% | 71.4% | 47.6% |
| Operating income | 5 | 4 | -1 | -9 | -14 | -25 | -9 |
| Operating margin | 11.2% | 11.8% | -2.6% | -53.5% | -108.7% | -621.1% | -854.9% |
| Net income | 12 | -33 | -26 | -10 | -27 | -31 | -10 |
| Net margin | 26.8% | -101.4% | -126.5% | -61.5% | -209.5% | -762.6% | -1013.9% |
| Diluted EPS | — | -$7.41 | -$12.19 | — | — | — | — |
| Free cash flow | 2 | 2 | -5 | -18 | -7 | -13 | -6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SNWV in Markets.
How Sanuwave Health makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Consumables Parts & Accessories Revenue | $7.33M | 75.2% |
| System Revenue | $2.29M | 23.5% |
| Extended Warranty | $78.0K | 0.8% |
| Other Revenue | $48.0K | 0.5% |
See also: SNWV valuation and P/E history · SNWV returns
No forecast, no recommendation. This page describes Sanuwave Health Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.