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SANUWAVE Health, Inc.

SNWV

Sanuwave Health is a medical device company specializing in regenerative medicine and directed energy therapies for the wound care market.

Market cap
$85.99M0.0%
Revenue$44.3M+22.5%
Net income$16.5M+148%
Free cash flow$4.0M+281%
EPS (diluted)$0.38+104%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 14, 2026 (in a month)
Revenue estimate$11.5M
EPS estimate-$0.03

Financials

Q1 2026

Income statement

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Revenue$9.6M+3.1%
Gross profit$7.4M+0.8%
Operating income-$1.1M-287%
Net income-$1.4M+76.5%
EPS (diluted)-$0.17+76.4%

Balance sheet

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Cash & equivalents$10.8M+26.8%
Total debt$21.7M+5,319%
Total equity$1.8M+109%
Total assets$37.1M+20.2%

Cash flow

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Operating cash flow$397.0K+126%
CapEx$23.0K-85.8%
Free cash flow$374.0K+122%

Valuation & ratios

Valuation

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Market cap$85.99M0.0%
Enterprise value$96.88M
P/E5.2×
P/S1.9×

Profitability

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Gross margin76.7%+0.1pp
Operating margin7.3%-8.6pp
Net margin37.2%+21.6pp
FCF margin9%

Returns & leverage

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Debt / equity11.8×
Current ratio1.3×+0.9×

Segments

By product

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Consumables, parts, and accessories revenue$6.6M
System revenue$2.9M-10.0%
Extended warranty$60.0K
Other$43.0K
License fees-

By segment

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Reportable Segment$9.6M+3.1%

Competitors

Profile

Sanuwave Health is a medical device company specializing in regenerative medicine and directed energy therapies for the wound care market. The company develops and markets non-invasive ultrasound technology designed to stimulate biological responses that repair and regenerate tissue, musculoskeletal, and vascular structures. Its core value proposition centers on improving patient outcomes by reducing healing times and pain through non-contact, fluid-mist energy delivery.

Competitive position

Sanuwave holds a proprietary position in non-contact, low-frequency ultrasound therapy with a significant intellectual property portfolio and established CMS Category 1 reimbursement.

GeographiesUnited States
Customer segmentsHealthcare Providers, Post-acute Care Facilities, Acute Care Hospitals
Business modelRazor-razorblade, Direct sales, Equipment manufacturing
SuppliersContract manufacturers, Electronic component suppliers, Sterile packaging providers, Specialized medical grade fluid suppliers
CustomersWound care clinics, Hospital outpatient departments, Long-term care facilities, Home health agencies
Listed2008
CEOMorgan C. Frank
FilingsSEC EDGAR

Questions, answered.

What is SANUWAVE Health, Inc.'s market cap?
SANUWAVE Health, Inc. (SNWV) has a market capitalization of $86.0M and trades on XNAS.
What is SANUWAVE Health, Inc.'s revenue and profitability?
SANUWAVE Health, Inc. generated $44.3M in trailing twelve-month revenue with net income of $16.5M, representing a net margin of 37.2%. Gross margin stands at 76.7%, with free cash flow of $4.0M. These figures are based on the Q1 2026 filing.
Who are SANUWAVE Health, Inc.'s competitors?
SANUWAVE Health, Inc.'s key competitors include Organogenesis, Solventum, MiMedx Group, and others. These companies compete in similar markets and product categories.
Who does SANUWAVE Health, Inc. partner with?
SANUWAVE Health, Inc.'s notable partners include Nortech Systems, Inc, Dynamic Group, Centers for Medicare and Medicaid Services.
Where is SANUWAVE Health, Inc. headquartered?
SANUWAVE Health, Inc. is headquartered in United States of America. It has been publicly traded since 2008.