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
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
$44M
$12M
77.1%
11.2%
$2M
$22M
$12M
2024
$33M
-$33M
75.2%
11.8%
$2M
—
$10M
2023
$20M
-$26M
70.4%
-2.6%
-$5M
—
$2M
2022
$17M
-$10M
74.1%
-53.5%
—
—
$1M
2021
$13M
-$27M
61.7%
-108.7%
-$7M
$26M
$619000
2020
$4M
-$31M
71.4%
-621.1%
-$13M
$17M
$2M
2019
$2M
-$10M
32.0%
-575.3%
-$6M
—
$2M
2018
$2M
-$12M
62.5%
-388.1%
-$4M
—
$364549
2017
$738527
-$6M
67.2%
-517.8%
-$2M
—
$730184
2016
$1M
-$6M
58.9%
-241.0%
-$3M
$5M
$133571
2015
$965501
-$5M
70.5%
-459.6%
—
—
$152930
2014
$847367
-$6M
74.0%
-703.8%
-$7M
—
$4M
2013
$800029
-$11M
76.3%
-747.0%
—
—
$182315
2012
$769217
-$6M
71.4%
-788.1%
-$4M
$5M
$70325
2011
$802572
-$10M
67.4%
-1097.6%
-$9M
—
$4M
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
$10M
-$1M
77.3%
-11.7%
$374000
$21M
$11M
Dec '25
$13M
$6M
74.1%
4.7%
$3M
$22M
$12M
Sep '25
$11M
$10M
77.6%
8.0%
$556000
$23M
$10M
Jun '25
$10M
$551000
78.1%
14.3%
-$166000
—
$8M
Mar '25
$9M
-$6M
79.0%
6.4%
-$2M
—
$9M
Dec '24
$10M
-$14M
77.9%
9.2%
$505000
—
$10M
Sep '24
$9M
-$21M
75.5%
15.8%
$1M
—
$3M
Jun '24
$7M
$6M
73.2%
23.0%
-$760000
—
$2M
Mar '24
$6M
-$5M
72.6%
-18.1%
$986000
—
$3M
Dec '23
$7M
$18M
69.1%
14.9%
-$1M
—
$2M
Sep '23
$5M
-$24M
71.5%
-10.7%
-$2M
—
$1M
Jun '23
$5M
-$7M
74.3%
19.9%
-$995000
—
$332000
Mar '23
$4M
-$13M
66.6%
-52.4%
-$389000
—
$106000
Dec '22
$6M
-$6M
78.4%
-26.6%
—
—
$1M
Sep '22
$4M
-$1M
72.2%
-59.6%
-$8M
—
$1M
Jun '22
$4M
$2M
71.8%
-78.5%
-$2M
$25M
$1M
Mar '22
$3M
-$5M
72.2%
-61.2%
-$3M
$25M
$313000
Dec '21
$4M
-$9M
68.8%
-55.6%
$9000
$26M
$619000
Sep '21
$4M
-$4M
58.3%
-89.5%
-$1M
$24M
$327000
Jun '21
$3M
-$9M
64.0%
-139.1%
-$2M
$21M
$264000
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 21.7× (Dec '25) to 5.6× (Jun '26).
The price-to-sales ratio has fallen from 9.4× (Mar '25) to 1.5× (Jun '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?
As of Jun '26, SANUWAVE Health, 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.