BrainsWay Income Statement

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
Revenue	56.22	52.23	41.02	31.79	27.18	29.66
Revenue Growth (YoY)	29.37%	27.33%	29.04%	16.96%	-8.36%	34.46%
Cost of Revenue	13.77	12.84	10.44	8.31	7.13	6.6
Gross Profit	42.45	39.39	30.58	23.48	20.05	23.06
Selling, General & Admin	26.55	25.46	22	21.77	25.05	21.66
Research & Development	10.15	9.6	7.19	6.67	7.68	6.39
Total Operating Expenses	36.7	35.06	29.19	28.44	32.73	28.06
Operating Income	5.75	4.32	1.39	-4.96	-12.68	-5
Interest Income	-	5.6	3.58	2.17	-	-
Other Non-Operating Income (Expense)	3.1	-2.21	-1.52	-1.16	-0.35	-1.42
Total Non-Operating Income (Expense)	3.1	3.39	2.07	1.01	-0.35	-1.42
Pretax Income	8.86	7.71	3.46	-3.95	-13.03	-6.42
Provision for Income Taxes	0.1	0.14	0.54	0.25	0.32	0.04
Net Income	8.76	7.58	2.92	-4.2	-13.35	-6.46
Net Income to Common	8.76	7.58	2.92	-4.2	-13.35	-6.46
Net Income Growth	123.56%	159.33%	-	-	-	-
Shares Outstanding (Basic)	43	38	34	33	16	16
Shares Outstanding (Diluted)	44	40	35	33	16	16
Shares Change (YoY)	25.03%	13.91%	4.87%	101.06%	5.86%	38.75%
EPS (Basic)	0.32	0.20	0.09	-0.13	-0.80	-0.42
EPS (Diluted)	0.31	0.18	0.05	-0.13	-0.80	-0.42
EPS Growth	121.43%	260.00%	-	-	-	-
Shares Outstanding	39.17	39.17	37.63	33.24	33.05	32.91
Free Cash Flow	12.71	15.15	6.5	-1.1	-9.76	0.88
Free Cash Flow Growth	-16.11%	132.90%	-	-	-	-
Free Cash Flow Per Share	0.29	0.38	0.19	-0.03	-0.59	0.06
Gross Margin	75.51%	75.42%	74.56%	73.86%	73.77%	77.75%
Operating Margin	10.23%	8.28%	3.39%	-15.60%	-46.67%	-16.86%
Profit Margin	15.58%	14.50%	7.12%	-13.20%	-49.12%	-21.79%
FCF Margin	22.60%	29.01%	15.86%	-3.47%	-35.91%	2.98%
EBITDA	7.36	5.86	3.16	-3.62	-11.15	-3.31
EBITDA Margin	13.09%	11.22%	7.71%	-11.40%	-41.02%	-11.17%
EBIT	5.75	4.32	1.39	-4.96	-12.68	-5
EBIT Margin	10.23%	8.28%	3.39%	-15.60%	-46.67%	-16.86%
Effective Tax Rate	1.12%	1.75%	15.55%	-6.36%	-2.42%	-0.67%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q