15 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 →
Growth & profitability
Revenue has grown 45.9% per year over the past 5 years.
Operating margin has expanded, at 7.1% in the latest year.
Financial health
Total debt ($46M) exceeds cash ($17M); net debt is $29M.
Total debt has grown faster than revenue (117.8% vs 45.9% per year).
Operating income covered interest expense 1.1× in the latest year, up from -436.7× 5 years ago.
Total debt is 4.1× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$103M
$38M
92.7%
7.1%
$2M
$46M
$17M
2024
$87M
$10M
90.6%
1.5%
-$229632
$31M
$16M
2023
$65M
$4M
87.9%
-6.5%
-$4M
$10M
$5M
2022
$46M
-$8M
86.1%
-27.3%
-$6M
—
$9M
2021
$24M
-$8M
90.4%
-30.6%
-$5M
—
$19M
2020
$16M
-$4M
89.6%
-32.3%
-$5M
—
$455366
2019
—
-$3M
—
—
-$2M
$0
$7M
2018
—
-$600574
—
—
$268660
—
$176421
2017
—
$331309
—
—
-$183757
—
$463189
2016
—
-$415747
—
—
$406216
—
$833480
2015
—
-$1M
—
—
-$1M
—
$182337
2014
—
-$2M
—
—
-$2M
—
$523441
2013
—
-$4M
—
—
-$2M
—
$44553
2012
—
-$2M
—
—
—
—
$45861
2011
—
-$13M
—
—
—
—
$3608
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$28M
$458957
93.1%
9.5%
-$3M
$46M
$14M
Dec '25
$28M
-$2M
93.2%
3.8%
$4M
$46M
$17M
Sep '25
$26M
-$30M
92.9%
11.2%
$1M
$45M
$15M
Jun '25
$26M
-$2M
92.5%
-0.1%
$902652
$44M
$17M
Mar '25
$23M
-$4M
92.2%
3.5%
-$4M
$43M
$21M
Dec '24
$26M
-$2M
91.4%
8.6%
$859875
$31M
$16M
Sep '24
$22M
-$3M
90.8%
3.6%
$2M
$30M
$16M
Jun '24
$20M
-$4M
90.0%
-14.3%
-$1M
$14M
$6M
Mar '24
$19M
-$2M
89.8%
-8.3%
-$2M
$10M
$3M
Dec '23
$18M
-$237194
89.9%
-1.3%
-$902808
$10M
$5M
Sep '23
$16M
-$1M
89.1%
-5.7%
$893818
$10M
$6M
Jun '23
$16M
-$2M
86.1%
-11.8%
-$2M
—
$6M
Mar '23
$16M
-$1M
86.3%
-7.8%
-$2M
—
$7M
Dec '22
$15M
-$4M
84.5%
-20.4%
-$698380
—
$9M
Sep '22
$13M
-$1M
82.9%
-24.8%
-$2M
—
$10M
Jun '22
$10M
$769426
90.1%
-35.0%
-$1M
—
$13M
Mar '22
$8M
-$3M
89.7%
-35.5%
-$2M
—
$16M
Dec '21
$7M
-$3M
88.9%
-48.5%
-$2M
—
$19M
Sep '21
$6M
-$2M
91.1%
-31.8%
-$1M
—
$22M
Jun '21
$6M
-$1M
91.5%
-16.3%
-$355346
—
$24M
Valuation over time
How the market has priced SMTI 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-earnings ratio has fallen from 73.5× (Jan '24) to 5.6× (Jun '26).
The price-to-sales ratio has fallen from 8.3× (Mar '23) to 2.1× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SMTI growing its revenue and profit?
Over the past 5 years, Sanara MedTech Inc.'s revenue has grown 45.9% per year. These are computed facts, not advice.
How much debt does SMTI have?
As of FY2025, Sanara MedTech Inc. reported $46M of total debt against $17M of cash; operating income covered interest expense 1.1×.
What is SMTI's profit margin?
In FY2025, gross margin was 92.7%, operating margin 7.1%, and net margin 36.4%.
What is SMTI's P/E ratio?
As of Jun '26, Sanara MedTech Inc. traded at a price-to-earnings ratio of about 5.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
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.