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	Jun '26 Jun 30, 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	60.7	52.23	41.02	31.79	27.18	29.66
Revenue Growth	31.70%	27.33%	29.04%	16.96%	-8.36%	34.46%
Cost of Revenue	14.98	12.84	10.44	8.31	7.13	6.6
Gross Profit	45.72	39.39	30.58	23.48	20.05	23.06
Selling, General & Admin	27.13	25.46	22	21.77	25.05	21.66
Research & Development	11.03	9.6	7.19	6.67	7.68	6.39
Operating Expenses	38.15	35.06	29.19	28.44	32.73	28.06
Operating Income	7.57	4.32	1.39	-4.96	-12.68	-5
Interest Expense	-1.55	-1.56	-1.25	-0.85	-1.19	-1.23
Interest & Investment Income	1.72	3.01	2.48	2.17	1.11	0.23
Currency Exchange Gain (Loss)	-0.57	-0.57	-0.16	-0.06	-0.25	-0.36
Other Non Operating Income (Expenses)	2.52	2.52	1	-0.25	-0.01	-0.05
EBT Excluding Unusual Items	9.68	7.71	3.46	-3.95	-13.03	-6.42
Pretax Income	9.68	7.71	3.46	-3.95	-13.03	-6.42
Income Tax Expense	0.24	0.14	0.54	0.25	0.32	0.04
Net Income	9.44	7.58	2.92	-4.2	-13.35	-6.46
Net Income to Common	9.44	7.58	2.92	-4.2	-13.35	-6.46
Net Income Growth	76.67%	159.33%	-	-	-	-
Shares Outstanding (Basic)	38	38	34	33	33	31
Shares Outstanding (Diluted)	38	40	35	33	33	31
Shares Change	2.01%	13.91%	4.87%	0.53%	5.86%	38.75%
EPS (Basic)	0.25	0.20	0.09	-0.13	-0.40	-0.21
EPS (Diluted)	0.24	0.18	0.06	-0.13	-0.40	-0.21
EPS Growth	118.45%	229.13%	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	5.79	15.15	6.5	-1.1	-9.76	-1.35
Free Cash Flow Per Share	0.15	0.38	0.19	-0.03	-0.30	-0.04
Gross Margin	75.32%	75.42%	74.56%	73.86%	73.77%	77.75%
Operating Margin	12.46%	8.28%	3.39%	-15.60%	-46.67%	-16.86%
Profit Margin	15.55%	14.51%	7.12%	-13.20%	-49.12%	-21.79%
Free Cash Flow Margin	9.53%	29.00%	15.86%	-3.47%	-35.91%	-4.57%
EBITDA	8.48	5.12	2.68	-3.62	-11.15	-3.31
EBITDA Margin	13.98%	9.80%	6.53%	-11.39%	-41.02%	-11.17%
D&A For EBITDA	0.92	0.79	1.29	1.34	1.53	1.69
EBIT	7.57	4.32	1.39	-4.96	-12.68	-5
EBIT Margin	12.46%	8.28%	3.39%	-15.60%	-46.67%	-16.86%
Effective Tax Rate	2.44%	1.75%	15.55%	-	-	-

SEC Filings: 10-K · 10-Q