BrainsWay Income Statement

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
Revenue	52.23	41.02	31.79	27.18	29.66
Revenue Growth (YoY)	27.33%	29.04%	16.96%	-8.36%	34.46%
Cost of Revenue	12.84	10.44	8.31	7.13	6.6
Gross Profit	39.39	30.58	23.48	20.05	23.06
Selling, General & Admin	25.46	22	21.77	25.05	21.66
Research & Development	9.6	7.19	6.67	7.68	6.39
Total Operating Expenses	35.06	29.19	28.44	32.73	28.06
Operating Income	4.32	1.39	-4.96	12.68	5
Interest Income	5.6	3.58	2.17	-	-
Other Non-Operating Income (Expense)	-2.21	-1.52	-1.16	-0.35	-1.42
Total Non-Operating Income (Expense)	3.39	2.07	1.01	-0.35	-1.42
Pretax Income	7.71	3.46	-3.95	13.03	6.42
Provision for Income Taxes	0.14	0.54	0.25	0.32	0.04
Net Income	7.58	2.92	-4.2	13.35	6.46
Net Income to Common	7.58	2.92	-4.2	13.35	6.46
Net Income Growth	159.33%	-	-	106.58%	20.00%
Shares Outstanding (Basic)	38	34	33	16	16
Shares Outstanding (Diluted)	40	35	33	16	16
Shares Change (YoY)	13.91%	4.87%	101.06%	5.86%	38.75%
EPS (Basic)	0.20	0.09	-0.13	-0.80	-0.42
EPS (Diluted)	0.18	0.05	-0.13	-0.80	-0.42
EPS Growth	260.00%	-	-	-	-
Shares Outstanding	39.17	37.63	33.24	33.05	32.91
Free Cash Flow	15.15	6.5	-1.1	-9.76	0.88
Free Cash Flow Growth	132.90%	-	-	-	-
Free Cash Flow Per Share	0.38	0.19	-0.03	-0.59	0.06
Gross Margin	75.42%	74.56%	73.86%	73.77%	77.75%
Operating Margin	8.28%	3.39%	-15.60%	46.67%	16.86%
Profit Margin	14.50%	7.12%	-13.20%	46.80%	21.50%
FCF Margin	29.01%	15.86%	-3.47%	-35.91%	2.98%
EBITDA	5.86	3.16	-3.62	14.22	6.69
EBITDA Margin	11.22%	7.71%	-11.40%	52.31%	22.54%
EBIT	4.32	1.39	-4.96	12.68	5
EBIT Margin	8.28%	3.39%	-15.60%	46.67%	16.86%
Effective Tax Rate	1.75%	15.55%	-6.36%	2.42%	0.67%

Updated Mar 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q