Growth & profitability
- Revenue has grown 2.1% per year over the past 5 years.
- Operating margin has expanded, at -134.3% in the latest year.
NUWE Financials Nuwellis, Inc.
10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $8M | -$18M | 62.0% | -134.3% | -667.7% | -286.4% | — | — | $1M |
| 2024 | $9M | -$11M | 64.9% | -125.7% | -171.0% | -113.2% | — | — | $5M |
| 2023 | $9M | -$20M | 56.2% | -198.9% | -675.9% | -206.8% | — | — | $4M |
| 2022 | $9M | -$15M | 55.7% | -201.0% | -117.5% | -58.9% | — | — | $18M |
| 2021 | $8M | -$20M | 56.7% | -246.5% | -75.4% | -64.3% | — | — | $9M |
| 2020 | $7M | -$16M | 54.5% | -228.8% | -97.0% | -79.1% | — | — | $14M |
| 2019 | $6M | -$18M | 51.7% | -328.5% | -910.3% | -323.3% | — | — | $1M |
| 2018 | $5M | -$17M | 26.6% | -340.9% | -286.9% | -194.1% | — | — | $5M |
| 2017 | $4M | -$13M | 22.2% | -416.9% | -82.4% | -72.5% | — | — | $16M |
| 2016 | — | -$16M | — | — | -898.8% | -211.4% | — | — | $1M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $2M | -$5M | 76.1% | -160.9% | 234.9% | -52.9% | -$3M | — | $4M |
| Mar '26 | $2M | -$5M | 70.1% | -190.1% | -170.7% | -65.2% | -$3M | — | $2M |
| Dec '25 | $2M | -$2M | 68.2% | -100.8% | -92.3% | -39.6% | -$3M | — | $1M |
| Sep '25 | $2M | $468000 | 65.2% | -121.7% | 12.0% | 5.9% | -$3M | — | $3M |
| Jun '25 | $2M | -$13M | 55.5% | -168.5% | 140.1% | -136.4% | -$2M | — | $4M |
| Mar '25 | $2M | -$3M | 56.0% | -160.7% | -84.2% | -43.0% | -$3M | — | $3M |
| Dec '24 | $2M | -$1M | 58.4% | -102.8% | -22.5% | -14.9% | -$2M | — | $5M |
| Sep '24 | $2M | $2M | 70.0% | -64.7% | 74.2% | 35.0% | -$2M | — | $2M |
| Jun '24 | $2M | -$8M | 67.2% | -105.7% | 113.0% | -124.8% | -$3M | — | $1M |
| Mar '24 | $2M | -$4M | 64.1% | -255.7% | -489.3% | -65.0% | -$3M | — | $1M |
| Dec '23 | $3M | -$6M | 54.4% | -140.8% | -184.2% | -56.4% | -$3M | — | $4M |
| Sep '23 | $2M | -$3M | 57.3% | -131.2% | -43.0% | -29.5% | -$4M | — | $5M |
| Jun '23 | $2M | -$5M | 55.3% | -242.0% | -43.8% | -31.2% | -$5M | — | $9M |
| Mar '23 | $2M | -$6M | 58.4% | -320.4% | -47.5% | -35.1% | -$6M | — | $12M |
| Dec '22 | $2M | -$2M | 56.9% | -193.8% | -15.3% | -7.7% | -$3M | — | $18M |
| Sep '22 | $2M | -$4M | 61.0% | -189.8% | -27.6% | -21.0% | -$3M | — | $12M |
| Jun '22 | $2M | -$4M | 48.0% | -194.4% | -24.3% | -19.5% | -$4M | — | $15M |
| Mar '22 | $2M | -$4M | 57.2% | -229.3% | -20.6% | -17.1% | -$5M | — | $19M |
| Dec '21 | $2M | -$4M | 54.4% | -263.8% | -16.7% | -14.2% | -$4M | — | $9M |
| Sep '21 | $2M | -$5M | 60.4% | -283.4% | -17.6% | -15.5% | -$5M | — | $28M |
Valuation over time
How the market has priced NUWE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 77.7× (Mar '23) to 0.3× (Sep '26).
P/S
Frequently asked questions
Is NUWE growing its revenue and profit?
Over the past 5 years, Nuwellis, Inc.'s revenue has grown 2.1% per year. These are computed facts, not advice.
How much debt does NUWE have?
As of FY2025, Nuwellis, Inc. reported — of total debt against $1M of cash.
What is NUWE's profit margin?
In FY2025, gross margin was 62.0%, operating margin -134.3%, and net margin -211.9%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.