Financials · BWAY

BrainsWay Ltd. (BWAY) financials

For fiscal 2025 (ended Dec 31, 2025), BrainsWay Ltd. reported $52.23M of revenue and $7.58M of net income.

Revenue, FY2025
$52.23M
Revenue growth, YoY
+27.3%
Net income, FY2025
$7.58M
Net income growth, YoY
+159.3%
Net margin
14.5%
EPS, diluted, FY2025
$0.18
EPS growth, YoY
+260.0%
Cash
$67.70M
P/E
59.04
P/S
8.56
Market cap
$447.2M
Annual revenue$52.23M
FY2017FY2025
Annual net income$7.58M
FY2017FY2025
Annual free cash flow-$1.35M
FY2017FY2021

BWAY revenue and earnings growth

BWAY revenueFY2025$52.23M

FY YoY
+27.3%
5Y CAGR
+18.8%

BWAY revenue was $52.23M for fiscal 2025 (ended Dec 31, 2025), up 27.3% from fiscal 2024. Compound annual growth was +18.8% over 5 years. It rose in 6 of the last 8 fiscal years. Fiscal 2025 is the highest of the 9 fiscal years on file.

BWAY net incomeFY2025$7.58M

FY YoY
+159.3%

BWAY net income was $7.58M for fiscal 2025 (ended Dec 31, 2025), up 159.3% from fiscal 2024. Fiscal 2025 is the highest of the 9 fiscal years on file.

BWAY EPSFY2025$0.18

FY YoY
+260.0%

BWAY diluted EPS was $0.18 for fiscal 2025 (ended Dec 31, 2025), up 260.0% from fiscal 2024.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Revenue$52.23M$41.02M$31.79M$27.18M$29.66M$22.06M$23.10M$16.40M$11.14M
Cost of revenue$12.84M$10.44M$8.31M$7.13M$6.60M$5.06M$5.13M$3.59M$2.60M
Gross profit$39.39M$30.58M$23.48M$20.05M$23.06M$17.00M$17.97M$12.81M$8.55M
Research and development$9.60M$7.19M$6.67M$7.68M$6.39M$5.82M$7.88M$6.16M$5.34M
Selling, general and admin$6.53M$5.80M$5.32M$6.85M$5.78M$4.72M$5.30M$3.42M$3.49M
Operating income$4.32M$1.39M-$4.96M-$12.68M-$5.00M-$4.83M-$8.48M-$5.11M-$6.61M
Interest expense$2.21M$1.52M$1.16M$1.47M-$1.68M$319.0K$1.43M$1.16M$274.0K
Pre-tax income$7.71M$3.46M-$3.95M-$13.03M-$6.42M-$5.15M-$9.91M-$6.27M-$6.88M
Income tax$135.0K$538.0K$251.0K$315.0K$43.0K$237.0K$422.0K$209.0K$169.0K
Net income$7.58M$2.92M-$4.20M-$13.35M-$6.46M-$5.38M-$10.33M-$6.48M-$7.05M
EPS, basic$0.20$0.09-$0.13-$0.40-$0.21----
EPS, diluted$0.18$0.05-$0.13-$0.40-$0.21----
Diluted shares38.0M34.0M33.2M33.0M31.2M22.5M20.5M16.6M14.8M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Cash and equivalents$67.70M$69.34M$10.52M$47.58M$16.92M$16.96M$21.67M$8.97M$14.51M
Inventory$6.52M$4.43M$3.72M$3.84M-----
Current assets$83.82M$79.67M$55.47M$58.09M$65.45M$24.30M$28.83M$13.48M-
Total assets$113.19M$94.32M$62.97M$64.48M$75.73M$34.01M$38.74M$23.60M-
Current liabilities$22.50M$15.35M$9.76M$8.14M$9.07M$6.80M$6.72M$8.34M-
Long-term debt-------$2.08M-
Total debt-------$2.08M-
Total liabilities$40.03M$32.00M$21.39M$19.08M$18.41M$14.38M$14.52M$16.65M-
Shareholders' equity$73.16M$62.31M$41.58M$45.40M$57.33M$19.63M$24.22M$6.95M$12.72M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Operating cash flow$17.49M$10.30M$1.28M-$9.76M$884.0K-$1.44M-$7.24M-$3.77M-$3.47M
Capital expenditures----$2.24M$2.47M$3.31M$1.97M$985.0K
Free cash flow-----$1.35M-$3.91M-$10.55M-$5.75M-$4.45M
Investing cash flow-$17.47M$30.31M-$37.41M$42.17M-$42.22M-$2.46M-$2.45M-$1.14M-$2.45M
Financing cash flow-$1.71M$18.26M-$1.03M-$1.55M$41.52M-$1.03M$22.47M-$265.0K$11.11M
Stock-based compensation$1.20M$1.44M$381.0K$1.47M$1.89M$799.0K$1.26M$710.0K$1.03M
Depreciation and amortization$665.0K$660.0K$362.0K$558.0K$560.0K$438.0K$550.0K$463.0K$394.0K

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Revenue growth, YoY27.3%29.0%17.0%-8.4%34.5%-4.5%40.9%47.1%-
Net income growth, YoY159.3%--------
EPS growth, YoY260.0%--------
Gross margin75.4%74.6%73.9%73.8%77.7%77.1%77.8%78.1%76.7%
Operating margin8.3%3.4%-15.6%-46.7%-16.9%-21.9%-36.7%-31.2%-59.3%
Net margin14.5%7.1%-13.2%-49.1%-21.8%-24.4%-44.7%-39.5%-63.3%
Free cash flow margin-----4.6%-17.7%-45.7%-35.0%-39.9%
Return on equity10.4%4.7%-10.1%-29.4%-11.3%-27.4%-42.6%-93.2%-55.5%
Return on assets6.7%3.1%-6.7%-20.7%-8.5%-15.8%-26.7%-27.5%-
Current ratio3.735.195.687.147.223.574.291.62-
Debt to equity-------0.30-

Source: XBRL data BrainsWay Ltd. files with the SEC, latest filing dated Apr 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

BWAY peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
BWAY$52.23M+27.3%$7.58M14.5%$447.2M
SYK$26.30B+7.9%$3.62B13.8%$124.05B
MMM$25.25B+1.7%$3.54B14.0%$95.67B
BSX$21.07B+8.9%$3.50B16.6%$61.96B
BDX$23.25B+17.4%$941.00M4.0%$57.71B
MDLN$30.68B-$683.00M2.2%$52.13B
RMD$5.73B+9.0%$1.59B27.8%$33.10B
DXCM$5.10B+13.0%$991.00M19.4%$29.62B
WST$3.40B+12.6%$638.90M18.8%$27.85B

BWAY FAQ

8 questions
  • What is BWAY revenue?
    BrainsWay Ltd. (BWAY) reported $52.23M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 27.3% from the year before.
  • Is BWAY profitable?
    Yes. BrainsWay Ltd. earned $7.58M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 14.5%.
  • How much cash and debt does BWAY have?
    BrainsWay Ltd. reported $67.70M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is BWAY revenue growing?
    BrainsWay Ltd.'s revenue changed +27.3% in fiscal 2025, to $52.23M. Its compound annual growth rate was +18.8% over 5 years.
  • What is BWAY gross margin?
    BrainsWay Ltd.'s gross profit was $39.39M on $52.23M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 75.4%.
  • What is BWAY earnings per share?
    Diluted earnings per share were $0.18 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did BWAY last report financial results?
    The latest statements here come from BrainsWay Ltd.'s 20-F filed on Apr 20, 2026, covering the period ended Dec 31, 2025.
  • Where does this BWAY financial data come from?
    Quantisnow builds these statements from the structured XBRL data BrainsWay Ltd. files with the SEC. It is provided for information only and is not investment advice.