Brainsway Ltd
NASDAQ: BWAY · HEALTHCARE · MEDICAL DEVICES
Updated 2026-06-05
Brainsway Ltd (BWAY) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2000 | $102.48M | — | 42.81% | — | — |
| 2012 | $364249.00 | $-5.92M | 87.35% | -1,560.22% | -1,624.27% |
| 2013 | $1.19M | $-7.12M | 83.26% | -358.87% | -598.99% |
| 2014 | $3.38M | $-6.54M | 80.59% | -215.30% | -193.64% |
| 2015 | $6.80M | $-4.09M | 78.44% | -66.25% | -60.10% |
| 2016 | $11.52M | $-2.40M | 78.94% | -17.95% | -20.80% |
| 2017 | $11.14M | $-7.05M | 76.72% | -59.32% | -63.29% |
| 2018 | $16.40M | $-6.48M | 78.11% | -31.19% | -39.51% |
| 2019 | $23.10M | $-10.33M | 77.80% | -36.69% | -44.71% |
| 2020 | $22.06M | $-5.38M | 77.07% | -21.89% | -24.41% |
| 2021 | $29.66M | $-6.46M | 77.75% | -16.86% | -21.79% |
| 2022 | $27.18M | $-13.35M | 73.77% | -46.67% | -49.12% |
| 2023 | $31.79M | $-4.20M | 73.86% | -15.60% | -13.20% |
| 2024 | $41.02M | $2.92M | 74.56% | 3.39% | 7.12% |
| 2025 | $52.23M | $7.63M | 75.42% | 8.28% | 14.62% |
Frequently asked questions
What is Brainsway Ltd's revenue?
Brainsway Ltd's trailing twelve-month revenue is $56.22M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is BWAY?
In its most recent fiscal year, BWAY ran a gross margin of 75.42%, an operating margin of 8.28%, and a net margin of 14.62%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does BWAY generate?
BWAY produced $16.40M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is BWAY's balance sheet healthy?
BWAY holds $67.70M in cash and equivalents against — in long-term debt, on $73.22M of shareholder equity. That debt is best read against the cash flow the business throws off each year.