BrainsWay Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	67.7	69.35	10.52	47.58	16.92
Short-Term Investments	-	-	35.47	-	40.43
Cash & Short-Term Investments	67.7	69.35	45.99	47.58	57.35
Cash Growth	-2.37%	50.80%	-3.35%	-17.03%	233.77%
Accounts Receivable	4.11	4.6	3.78	4.84	6.33
Other Receivables	-	0.45	0.42	0.61	0.59
Receivables	4.11	5.05	4.2	5.45	6.92
Inventory	7.13	4.43	3.72	3.84	-
Prepaid Expenses	-	0.58	1.29	0.95	1.18
Restricted Cash	0.25	0.27	0.27	0.27	-
Other Current Assets	5.69	-	-	-	-
Total Current Assets	84.89	79.67	55.47	58.09	65.45
Property, Plant & Equipment	12.17	11.95	5.79	5.35	9.33
Long-Term Deferred Tax Assets	-	1.06	0.83	0.28	-
Other Long-Term Assets	15.86	1.64	0.89	0.77	0.95
Total Assets	112.92	94.32	62.97	64.48	75.73
Accounts Payable	2.43	2.87	0.76	1.12	1.1
Accrued Expenses	-	5.55	4.7	4.18	4.04
Current Portion of Leases	1.08	0.82	0.23	0.23	0.5
Current Income Taxes Payable	-	0.27	0.5	-	0.02
Current Unearned Revenue	12.23	5.73	3.51	2.53	3.17
Other Current Liabilities	6.43	0.11	0.06	0.08	0.24
Total Current Liabilities	22.16	15.35	9.76	8.14	9.07
Long-Term Leases	5.74	4.8	0.24	0.25	0.25
Long-Term Unearned Revenue	11.79	9.43	11.39	10.69	9.08
Other Long-Term Liabilities	-	2.43	-	-	0.01
Total Liabilities	39.7	32	21.39	19.08	18.41
Common Stock	0.43	0.41	0.37	0.36	0.36
Additional Paid-In Capital	162.22	157.6	140.34	138.15	137.57
Retained Earnings	-90.75	-98.38	-101.3	-97.11	-83.76
Comprehensive Income & Other	1.32	2.68	2.17	3.99	3.15
Shareholders' Equity	73.22	62.31	41.58	45.4	57.33
Total Liabilities & Equity	112.92	94.32	62.97	64.48	75.73
Total Debt	6.82	5.62	0.47	0.49	0.75
Net Cash (Debt)	60.88	63.72	45.51	47.09	56.6
Net Cash Growth	-4.45%	40.00%	-3.35%	-16.79%	242.79%
Net Cash Per Share	1.44	1.83	1.37	1.43	1.82
Filing Date Shares Outstanding	36.66	37.74	33.27	33.08	32.96
Total Common Shares Outstanding	36.66	37.63	33.24	33.05	32.91
Working Capital	62.73	64.32	45.7	49.95	56.38
Book Value Per Share	2.00	1.66	1.25	1.37	1.74
Tangible Book Value	73.22	62.31	41.58	45.4	57.33
Tangible Book Value Per Share	2.00	1.66	1.25	1.37	1.74
Machinery	-	11.63	11.21	9.95	13.23
Leasehold Improvements	-	0.39	0.1	0.08	0.07

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.