BrainsWay Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	58.64	67.7	69.35	10.52	47.58	16.92
Short-Term Investments	-	-	-	35.47	-	40.43
Cash & Short-Term Investments	58.64	67.7	69.35	45.99	47.58	57.35
Cash Growth	-18.11%	-2.37%	50.80%	-3.35%	-17.03%	233.77%
Accounts Receivable	7.53	4.11	4.6	3.78	4.84	6.33
Other Receivables	-	0.76	0.45	0.42	0.61	0.59
Receivables	7.53	4.87	5.05	4.2	5.45	6.92
Inventory	7.08	6.52	4.43	3.72	3.84	-
Prepaid Expenses	-	1.3	0.58	1.29	0.95	1.18
Restricted Cash	0.25	0.25	0.27	0.27	0.27	-
Other Current Assets	5.13	3.18	-	-	-	-
Total Current Assets	78.63	83.82	79.67	55.47	58.09	65.45
Property, Plant & Equipment	12.91	12.78	11.95	5.79	5.35	9.33
Long-Term Investments	-	14.66	-	-	-	-
Long-Term Deferred Tax Assets	-	0.41	1.06	0.83	0.28	-
Other Long-Term Assets	25.46	1.52	1.64	0.89	0.77	0.95
Total Assets	117	113.19	94.32	62.97	64.48	75.73
Accounts Payable	2.93	2.43	2.87	0.76	1.12	1.1
Accrued Expenses	-	6.63	5.55	4.7	4.18	4.04
Current Portion of Leases	1.11	1.08	0.82	0.23	0.23	0.5
Current Income Taxes Payable	-	0.01	0.27	0.5	-	0.02
Current Unearned Revenue	11.69	12.23	5.73	3.51	2.53	3.17
Other Current Liabilities	7.83	0.12	0.11	0.06	0.08	0.24
Total Current Liabilities	23.56	22.5	15.35	9.76	8.14	9.07
Long-Term Leases	5.6	5.74	4.8	0.24	0.25	0.25
Long-Term Unearned Revenue	12.05	11.79	9.43	11.39	10.69	9.08
Other Long-Term Liabilities	-	-	2.43	-	-	0.01
Total Liabilities	41.2	40.03	32	21.39	19.08	18.41
Common Stock	0.44	0.43	0.41	0.37	0.36	0.36
Additional Paid-In Capital	163.86	162.22	157.6	140.34	138.15	137.57
Retained Earnings	-88.52	-90.81	-98.38	-101.3	-97.11	-83.76
Comprehensive Income & Other	0.02	1.32	2.68	2.17	3.99	3.15
Shareholders' Equity	75.8	73.16	62.31	41.58	45.4	57.33
Total Liabilities & Equity	117	113.19	94.32	62.97	64.48	75.73
Total Debt	6.71	6.82	5.62	0.47	0.49	0.75
Net Cash (Debt)	51.93	60.88	63.72	45.51	47.09	56.6
Net Cash Growth	-21.36%	-4.45%	40.00%	-3.35%	-16.79%	242.79%
Net Cash Per Share	1.36	1.54	1.83	1.37	1.43	1.82
Filing Date Shares Outstanding	38.17	40.03	37.74	33.27	33.08	32.96
Total Common Shares Outstanding	38.17	39.17	37.63	33.24	33.05	32.91
Working Capital	55.07	61.33	64.32	45.7	49.95	56.38
Book Value Per Share	1.99	1.87	1.66	1.25	1.37	1.74
Tangible Book Value	75.8	73.16	62.31	41.58	45.4	57.33
Tangible Book Value Per Share	1.99	1.87	1.66	1.25	1.37	1.74
Machinery	-	12.25	11.63	11.21	9.95	13.23
Leasehold Improvements	-	0.36	0.39	0.1	0.08	0.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.