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 61.1% per year over the past 5 years.
Operating margin has expanded, at 11.2% in the latest year.
Financial health
Total debt ($22M) exceeds cash ($12M); net debt is $10M.
Total debt has grown slower than revenue (5.5% vs 61.1% per year).
Total debt is 3.7× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$44M
$12M
77.1%
11.2%
729.6%
31.6%
$2M
$22M
$12M
2024
$33M
-$33M
75.2%
11.8%
209.5%
-109.8%
$2M
—
$10M
2023
$20M
-$26M
70.4%
-2.6%
57.9%
-115.1%
-$5M
—
$2M
2022
$17M
-$10M
74.1%
-53.5%
25.1%
-51.8%
—
—
$1M
2021
$13M
-$27M
61.7%
-108.7%
70.0%
-146.4%
-$7M
$26M
$619000
2020
$4M
-$31M
71.4%
-621.1%
225.5%
-134.4%
-$13M
$17M
$2M
2019
$2M
-$10M
32.0%
-575.3%
103.6%
-308.4%
-$6M
—
$2M
2018
$2M
-$12M
62.5%
-388.1%
75.7%
-987.6%
-$4M
—
$364549
2017
$738527
-$6M
67.2%
-517.8%
56.0%
-433.1%
-$2M
—
$730184
2016
$1M
-$6M
58.9%
-241.0%
93.2%
-640.8%
-$3M
$5M
$133571
2015
$965501
-$5M
70.5%
-459.6%
81.8%
-501.9%
—
—
$152930
2014
$847367
-$6M
74.0%
-703.8%
385.1%
-128.0%
-$7M
—
$4M
2013
$800029
-$11M
76.3%
-747.0%
184.4%
-711.5%
—
—
$182315
2012
$769217
-$6M
71.4%
-788.1%
98.2%
-345.9%
-$4M
$5M
$70325
2011
$802572
-$10M
67.4%
-1097.6%
666.4%
-166.0%
-$9M
—
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$10M
-$682000
76.2%
-2.9%
-24.5%
-1.9%
$91000
—
$9M
Mar '26
$10M
-$1M
77.3%
-11.7%
-78.3%
-3.9%
$374000
$21M
$11M
Dec '25
$13M
$6M
74.1%
4.7%
377.3%
16.4%
$3M
$22M
$12M
Sep '25
$11M
$10M
77.6%
8.0%
-127.6%
27.2%
$556000
$23M
$10M
Jun '25
$10M
$551000
78.1%
14.3%
-2.9%
1.7%
-$166000
—
$8M
Mar '25
$9M
-$6M
79.0%
6.4%
29.4%
-19.8%
-$2M
—
$9M
Dec '24
$10M
-$14M
77.9%
9.2%
91.5%
-48.0%
$505000
—
$10M
Sep '24
$9M
-$21M
75.5%
15.8%
35.1%
-96.9%
$1M
—
$3M
Jun '24
$7M
$6M
73.2%
23.0%
-15.6%
29.4%
-$760000
—
$2M
Mar '24
$6M
-$5M
72.6%
-18.1%
9.5%
-19.4%
$986000
—
$3M
Dec '23
$7M
$18M
69.1%
14.9%
-40.9%
81.3%
-$1M
—
$2M
Sep '23
$5M
-$24M
71.5%
-10.7%
35.9%
-116.5%
-$2M
—
$1M
Jun '23
$5M
-$7M
74.3%
19.9%
11.9%
-37.8%
-$995000
—
$332000
Mar '23
$4M
-$13M
66.6%
-52.4%
24.3%
-74.8%
-$389000
—
$106000
Dec '22
$6M
-$6M
78.4%
-26.6%
13.9%
-28.7%
—
—
$1M
Sep '22
$4M
-$1M
72.2%
-59.6%
3.2%
-6.1%
-$8M
—
$1M
Jun '22
$4M
$2M
71.8%
-78.5%
-4.6%
9.2%
-$2M
$25M
$1M
Mar '22
$3M
-$5M
72.2%
-61.2%
13.4%
-30.0%
-$3M
$25M
$313000
Dec '21
$4M
-$9M
68.8%
-55.6%
24.3%
-50.8%
$9000
$26M
$619000
Sep '21
$4M
-$4M
58.3%
-89.5%
14.4%
-22.2%
-$1M
$24M
$327000
Valuation over time
How the market has priced SNWV against its own fundamentals since 2025-03 —
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 21.8× (Dec '25) to 4.3× (Nov '26).
The price-to-sales ratio has fallen from 9.4× (Mar '25) to 1.2× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SNWV growing its revenue and profit?
Over the past 5 years, SANUWAVE Health, Inc.'s revenue has grown 61.1% per year. These are computed facts, not advice.
How much debt does SNWV have?
As of FY2025, SANUWAVE Health, Inc. reported $22M of total debt against $12M of cash.
What is SNWV's profit margin?
In FY2025, gross margin was 77.1%, operating margin 11.2%, and net margin 26.8%.
What is SNWV's P/E ratio?
SANUWAVE Health, Inc.'s P/E (TTM) is 3.72 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SNWV stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 4.3× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.