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SNWV · Nasdaq · United States · Surgical & Medical Instruments & Apparatus
In shortSANUWAVE Health, Inc. is profitable, generates cash and carries heavy debt, with revenue growing (+35.0% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 11.2% | 54/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 26.8% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | – | n/a |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 20.9% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.38× | 48/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 13.52× | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.68× | 66/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -19.06 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 4.4% | 38/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.16× | 0/100 |
| Years with positive free cash flow (last 5) | 2 of 5 | 25/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 83.7% | 0/100 |
| Operating margin volatility | 52.3% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 38.1% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 13 | 17 | 20 | 33 | 44 |
| Cost of revenue | 5 | 4.3 | 6 | 8.1 | 10 |
| Gross profit | 8 | 12 | 14 | 25 | 34 |
| Research & development | 1.1 | 0.6 | 0.6 | 0.7 | 1.4 |
| Operating income | (14) | (9) | (0.5) | 3.8 | 4.9 |
| Interest expense | 6.9 | 13 | – | 13 | – |
| Pre-tax income | (27) | (10) | (26) | (33) | 12 |
| Income tax | 0 | 0 | 0 | 0 | 0.1 |
| Net income | (27) | (10) | (26) | (33) | 12 |
| Diluted EPS | −$0.05 | −$0.02 | −$12.19 | −$7.41 | $0.41 |
| Diluted shares (millions) | 518 | 549 | 2.1 | 4.5 | 9.1 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of SANUWAVE Health, Inc. are included in the Investor plan. Try free for 7 days →
−19.06 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026