What is Sanara MedTech Inc.'s net debt?

Sanara MedTech Inc. (SMTI) reported net debt of $34.77M in Q1 2026.

How has Sanara MedTech Inc.'s net debt changed year-over-year?

Sanara MedTech Inc.'s net debt increased by 44.7% year-over-year, from $24.03M to $34.77M.

What is the long-term trend for Sanara MedTech Inc.'s net debt?

Over 5 years (2020 to 2025), Sanara MedTech Inc.'s net debt has grown at a 313.9% compound annual growth rate (CAGR), from $26.02K to $31.61M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Sanara MedTech Inc. SMTI Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$27.8M+18.6%

Gross profit$25.9M+19.8%

Operating income$2.6M+221%

Net income$459.0K+113%

EPS (diluted)$0.05+112%

Balance sheet

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Cash & equivalents$13.6M-34.3%

Total debt$48.4M+8.2%

Total equity$7.0M-80.8%

Total assets$69.3M-28.1%

Cash flow

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Operating cash flow-$2.5M-23.3%

CapEx$43.8K-97.5%

Free cash flow-$2.5M+32.6%

Valuation

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Market cap$216.18M-9.7%

Enterprise value$250.95M-6.5%

P/S2×-0.5×

Profitability

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Gross margin92.9%+1.8pp

Operating margin6.1%+5.1pp

Net margin-31.2%-93.4pp

FCF margin-9.8%-3.5pp

Returns & leverage

See full

Return on equity-153.7%-199pp

Debt / equity6.9×+5.7×

Current ratio2.3×-0.5×

Where this comes from

Calculated from Sanara MedTech Inc.’s reported figures.

$48.4Mtotal debt−$13.6Mcash and equivalents=$34.77M

The official record: Sanara MedTech Inc.’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sanara MedTech Inc.'s net debt?: Sanara MedTech Inc. (SMTI) reported net debt of $34.77M in Q1 2026.
How has Sanara MedTech Inc.'s net debt changed year-over-year?: Sanara MedTech Inc.'s net debt increased by 44.7% year-over-year, from $24.03M to $34.77M.
What is the long-term trend for Sanara MedTech Inc.'s net debt?: Over 5 years (2020 to 2025), Sanara MedTech Inc.'s net debt has grown at a 313.9% compound annual growth rate (CAGR), from $26.02K to $31.61M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.