Brainsway Financials
This page shows Brainsway (BRSYF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Brainsway's revenue surged 29.0% year-over-year to $41.0M, reflecting rapid business expansion. This strong growth earns a score of 82/100.
Brainsway carries a low D/E ratio of 0.08, meaning only $0.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.19, Brainsway holds $5.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Brainsway generates a 4.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is up from -10.1% the prior year.
Brainsway passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Brainsway generates $3.53 in operating cash flow ($10.3M OCF vs $2.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Brainsway generated $41.0M in revenue in fiscal year 2024. This represents an increase of 29.0% from the prior year.
Brainsway reported $2.9M in net income in fiscal year 2024. This represents an increase of 169.6% from the prior year.
Cash & Balance Sheet
Brainsway held $69.3M in cash against $4.8M in long-term debt as of fiscal year 2024.
Brainsway had 38M shares outstanding in fiscal year 2024. This represents an increase of 13.2% from the prior year.
Margins & Returns
Brainsway's net profit margin was 7.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 20.3 percentage points from the prior year.
Brainsway's ROE was 4.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 14.8 percentage points from the prior year.
Capital Allocation
BRSYF Income Statement
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BRSYF Balance Sheet
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $111.6M+18.3% | $94.3M+49.8% | $63.0M-2.3% | $64.5M-14.9% | $75.7M+122.7% | $34.0M-1.1% | $34.4M-11.2% | $38.7M |
| Current Assets | $89.0M+11.7% | $79.7M+43.6% | $55.5M-4.5% | $58.1M-11.2% | $65.4M+169.4% | $24.3M+0.9% | $24.1M-16.5% | $28.8M |
| Cash & Equivalents | $67.9M-2.1% | $69.3M+559.2% | $10.5M-77.9% | $47.6M+181.2% | $16.9M-0.2% | $17.0M+7.4% | $15.8M-27.1% | $21.7M |
| Inventory | $4.2M-5.3% | $4.4M+19.1% | $3.7M-3.1% | $3.8M | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $43.4M+35.7% | $32.0M+49.6% | $21.4M+12.1% | $19.1M+3.7% | $18.4M+28.0% | $14.4M-0.6% | $14.5M-0.3% | $14.5M |
| Current Liabilities | $25.5M+66.2% | $15.3M+57.2% | $9.8M+19.9% | $8.1M-10.2% | $9.1M+33.3% | $6.8M-2.5% | $7.0M+3.8% | $6.7M |
| Long-Term Debt | $5.2M+8.7% | $4.8M+1908.4% | $239K-5.9% | $254K0.0% | $254K+4.5% | $243K | N/A | $663K |
| Total Equity | $68.1M+9.3% | $62.3M+49.9% | $41.6M-8.4% | $45.4M-20.8% | $57.3M+192.0% | $19.6M-1.4% | $19.9M-17.8% | $24.2M |
| Retained Earnings | -$95.2M+3.2% | -$98.4M+2.9% | -$101.3M-4.3% | -$97.1M-15.9% | -$83.8M-8.4% | -$77.3M-0.5% | -$76.9M-6.9% | -$71.9M |
BRSYF Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | $1.6M | N/A | -$1.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | -$85K | N/A | $338K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | $1.6M | N/A | -$1.6M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $85K | N/A | -$396K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$750K | N/A | -$414K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BRSYF Financial Ratios
| Metric | Q2'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q3'20 | Q4'19 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 3.49-1.7 | 5.19-0.5 | 5.68-1.5 | 7.14-0.1 | 7.22+3.6 | 3.57+0.1 | 3.45-0.8 | 4.29 |
| Debt-to-Equity | 0.080.0 | 0.08+0.1 | 0.010.0 | 0.010.0 | 0.000.0 | 0.01-0.7 | 0.73+0.7 | 0.03 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
What is Brainsway's annual revenue?
Brainsway (BRSYF) reported $41.0M in total revenue for fiscal year 2024. This represents a 29.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Brainsway's revenue growing?
Brainsway (BRSYF) revenue grew by 29% year-over-year, from $31.8M to $41.0M in fiscal year 2024.
Is Brainsway profitable?
Yes, Brainsway (BRSYF) reported a net income of $2.9M in fiscal year 2024, with a net profit margin of 7.1%.
How much debt does Brainsway have?
As of fiscal year 2024, Brainsway (BRSYF) had $69.3M in cash and equivalents against $4.8M in long-term debt.
What is Brainsway's net profit margin?
Brainsway (BRSYF) had a net profit margin of 7.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Brainsway's return on equity (ROE)?
Brainsway (BRSYF) has a return on equity of 4.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Brainsway's operating cash flow?
Brainsway (BRSYF) generated $10.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Brainsway's total assets?
Brainsway (BRSYF) had $94.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Brainsway's current ratio?
Brainsway (BRSYF) had a current ratio of 5.19 as of fiscal year 2024, which is generally considered healthy.
What is Brainsway's debt-to-equity ratio?
Brainsway (BRSYF) had a debt-to-equity ratio of 0.08 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Brainsway's return on assets (ROA)?
Brainsway (BRSYF) had a return on assets of 3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Brainsway's Piotroski F-Score?
Brainsway (BRSYF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brainsway's earnings high quality?
Brainsway (BRSYF) has an earnings quality ratio of 3.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Brainsway?
Brainsway (BRSYF) scores 76 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.