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ShockWave Medical logo
ShockWave Medical SWAV
report update icon

Quarterly report 2024-Q1
added 05-30-2026

ShockWave Medical Income Statement 2023-2011 | SWAV

Brief overview of revenue and earnings at ShockWave Medical

The figures are compared over a five-year interval. According to figures from ShockWave Medical, revenue changed from 12.3 million dollars to 730 million dollars over five years. Overall revenue changed by +5854.7%, equal to an annualized rate of about 126.5%. Revenue growth reflects a pronounced phase of business expansion.

Gross profit was $5 million at the start and $635 million at the end of the period (+12563.9%). The cost base moved more slowly than the top line, which supported margins. The gross margin was 40.9% at the start and 86.9% at the end. The margin shift points to a more favorable sales-and-cost structure.

The five-year EBITDA result moved by +518.4%: from −$40.5 million to $169 million. The operating result developed less favorably than sales. At the operating-margin level, the figure shifted from −330.3% to 23.2%. A wider margin confirms stronger operating efficiency.

The net financial result changed from −$41.1 million to $147 million. The business moved out of a loss and ended the period with a profit.

What the figures show

The financial trajectory looks strong and well balanced. Key strengths include improving gross profitability, an improving EBITDA margin and a larger revenue base. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement ShockWave Medical

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

Market Cap

9.61 B 6.82 B 6.22 B 3.86 B 960 M - - - - - - - -

Shares

36.7 M 35.9 M 35.1 M 33.1 M 23.9 M 1.76 M 1.55 M - - - - - -

Historical Prices

262 190 177 117 40.1 - - - - - - - -

Net Income

147 M 216 M -9.14 M -65.7 M -51.1 M -41.1 M -30.6 M - - - - - -

Revenue

730 M 490 M 237 M 67.8 M 42.9 M 12.3 M 1.72 M - - - - - -

Cost of Revenue

95.4 M 65 M 41.4 M 21 M 17.2 M 7.25 M 2.84 M - - - - - -

Gross Profit

635 M 425 M 196 M 46.8 M 25.8 M 5.01 M -1.12 M - - - - - -

Operating Income

159 M 124 M -871 K -65.7 M -51.8 M -41.2 M -30.9 M - - - - - -

Interest Expense

6.9 M 1.89 M 1.1 M 1.21 M 944 K 401 K 58 K - - - - - -

EBITDA

169 M 129 M 2.71 M -63.8 M -50.5 M -40.5 M -30.4 M - - - - - -

Operating Expenses

- - - - 77.6 M 46.2 M 29.7 M - - - - - -

General and Administrative Expenses

95.3 M 56.9 M 34.7 M 23.9 M 14.1 M 5.98 M 5.42 M - - - - - -

All numbers in USD currency

Quarterly Income Statement ShockWave Medical

2024-Q1 2023-Q3 2023-Q2 2023-Q1 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

37.3 M 36.8 M 36.7 M 36.4 M - 36 M 35.8 B 35.6 B 35.4 M 35.2 M 35 M 34.8 M 34.7 M 34.1 M 32.2 M 31.6 M 31.4 M 28.1 M 28 M 9.36 M 1.82 M 1.78 M 1.75 M 1.71 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Net Income

55.3 M 35 M 28.9 M 39.1 M - 35 M 25.6 M 14.5 M - 1.95 M -425 K -23.6 M - -12.9 M -18.1 M -18.8 M - -13 M -10.6 M -12.8 M - -10.2 M -10.1 M -9.59 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Revenue

219 M 186 M 180 M 161 M - 131 M 121 M 93.6 M - 65.2 M 55.9 M 31.9 M - 19.6 M 10.3 M 15.2 M - 11.3 M 10 M 7.27 M - 3.6 M 2.28 M 1.32 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

28.2 M 24.5 M 24.5 M 21.1 M - 17.9 M 16.7 M 12.9 M - 10.9 M 9.93 M 7.89 M - 5.28 M 3.59 M 5.65 M - 4.4 M 4.13 M 3.07 M - 1.97 M 1.18 M 794 K - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

191 M 162 M 156 M 140 M - 113 M 104 M 80.7 M - 54.2 M 46 M 24 M - 14.3 M 6.69 M 9.55 M - 6.93 M 5.88 M 4.2 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

42.4 M 43.6 M 32.4 M 39.8 M - 36.8 M 29.6 M 15.4 M - 2.81 M -180 K -17.5 M - -12.8 M -18 M -19 M - -13.1 M -11.3 M -12.2 M - -10.1 M -10.2 M -9.8 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Interest Expense

2.94 M 2.51 M 810 K 636 K - 316 K 304 K 297 K - 165 K 318 K 312 K - 314 K 306 K 277 K - 251 K 250 K 245 K - 158 K 40 K 18 K - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA

45.5 M 50.9 M 36.6 M 41.5 M - 40.1 M 31.6 M 16.3 M - 5.5 M 1.42 M -16.8 M - -11.4 M -17.1 M -18.6 M - -12.2 M -10.7 M -11.9 M - -9.61 M -9.91 M -9.67 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Expenses

- - - - - - - - - - - - - 27.1 M 24.7 M 28.5 M - 20 M 17.1 M 16.4 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

General and Administrative Expenses

29.2 M 21.5 M 29.7 M 19.2 M - 14.4 M 13.2 M 12.4 M - 9.26 M 8.63 M 7.23 M - 5.61 M 5.4 M 6.22 M - 3.44 M 3.24 M 3 M - 1.37 M 1.39 M 1.38 M - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

The income statement is one of the three key financial reports of a company ShockWave Medical (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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