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Brainsway Ltd. BWAY
$ 14.3 0.7%
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Quarterly report 2025-Q2
added 05-13-2026

Brainsway Ltd. Income Statement 2024-2011 | BWAY

Brief overview of revenue and earnings at Brainsway Ltd.

The figures are compared over a five-year interval. According to figures from Brainsway Ltd., revenue changed from $23.1 million to $41 million over five years. Overall revenue changed by +77.6%, equal to an annualized rate of about 12.2%. Top-line growth remained consistently strong over the period.

Gross profit was $18 million at the start and $30.6 million at the end of the period (+70.2%). The relationship between sales and direct costs deteriorated. The gross margin was 77.8% at the start and 74.6% at the end. Weakening gross profitability reduces the quality of the top-line trend.

EBITDA changed from −$8.5 million to $1.4 million (+116.4%). Operating profitability strengthened faster than the scale of sales. EBITDA margin moved from −36.7% to 3.4%. The business generated more EBITDA from each unit of revenue.

The net financial result changed from −10.3 million dollars to 2.9 million dollars. The return to profit marks a meaningful recovery in the final result.

Market capitalization changed from $100 million to $301 million (+200.7%). A large part of future progress may already be reflected in the valuation.

Summary assessment

Positive developments coexist with areas of weakness. The financial profile benefits from a larger revenue base, improving net profitability and higher operating efficiency. Caution is warranted because of a low EBITDA margin and a lower gross margin. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Brainsway Ltd.

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Market Cap

301 M 171 M 105 M 240 M 84.6 M 100 M - - - - - - - -

Shares

34 M 33.2 M 33 M 31.2 M 11.2 M 10.3 M - - - - - - - -

Historical Prices

8.85 5.15 3.19 7.7 7.54 9.75 - - - - - - - -

Net Income

2.92 M -4.2 M -13.3 M -6.46 M -5.38 M -10.3 M -6.48 M -7.05 M -2.4 M -4.09 M -6.54 M -7.12 M - -

Revenue

41 M 31.8 M 27.2 M 29.7 M 22.1 M 23.1 M 16.4 M 11.1 M 11.5 M 6.8 M 3.38 M 1.19 M - -

Cost of Revenue

10.4 M 8.31 M 7.13 M 6.6 M 5.06 M 5.13 M 3.59 M 2.6 M - - - - - -

Gross Profit

30.6 M 23.5 M 20 M 23.1 M 17 M 18 M 12.8 M 8.55 M 9.1 M 5.33 M 2.72 M 990 K - -

Operating Income

1.39 M -4.96 M -12.7 M -5 M -4.83 M -8.48 M -5.11 M -6.61 M - - - - - -

EBITDA

1.39 M -4.96 M -12.7 M -5 M -4.83 M -8.48 M -5.11 M -6.61 M -2.02 M -4.48 M -7.27 M -4.26 M - -

Operating Expenses

29.2 M 28.4 M 32.7 M 28.1 M 21.8 M 26.4 M 17.9 M 15.2 M 11.2 M 9.84 M 10 M 5.26 M - -

General and Administrative Expenses

5.8 M 5.32 M 6.85 M 5.78 M 3.31 M 4.39 M 8.23 M 7.47 M 5.74 M 3.61 M 2.34 M 1.43 M - -

All numbers in USD currency

Quarterly Income Statement Brainsway Ltd.

2025-Q2 2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

37.7 M 34 M 33.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

3.13 M 2.92 M -4.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

24.2 M 41 M 31.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

6.06 M 10.4 M 8.31 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

18.1 M 30.6 M 23.5 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

1.15 M 1.39 M -4.96 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

1.15 M 1.39 M -4.96 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

17 M 29.2 M 28.4 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

3.18 M 5.8 M 5.32 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company Brainsway Ltd. (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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