Brainsway Ltd. (BWAY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for Q2 FY2025, filed Sep 30, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BWAY SEC filings page.
Brainsway Ltd. (BWAY) reported $41.0M in revenue for fiscal year 2024, up 29.0% from the prior fiscal year. This page shows its 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).
BrainsWay moved from recurring losses to profitability in FY2024, while cash generation and financing changes reshaped its previously lightly leveraged balance sheet.
In FY2024, operating cash flow of$10.3M exceeded net income of$2.9M , indicating that reported earnings were accompanied by stronger cash generation. In FY2023, operating cash flow was only$1.3M despite a net loss of$4.2M , marking a shift from weak cash support for losses to cash conversion above accounting profit.
Revenue reached
Total assets rose to
Financial Health Signals
Brainsway Ltd. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Brainsway Ltd. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 Ltd. 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
None of these metrics is reported for Q2 2025.
Cash & Balance Sheet
Brainsway Ltd. held $67.9M in cash against $5.2M in long-term debt as of Q2 2025.
Not reported for Q2 2025.
Not reported for Q2 2025.
Margins & Returns
None of these metrics is reported for Q2 2025.
Capital Allocation
None of these metrics is reported for Q2 2025.
BWAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax, Net Income, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BWAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-K | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q3'2010-Q | Q4'1910-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $111.6M | $94.3M+49.8% | $63.0M-2.3% | $64.5M-14.9% | $75.7M+122.7% | $34.0M-12.2% | $34.4M-11.2% | $38.7M+64.1% |
| Current Assets | $89.0M | $79.7M+43.6% | $55.5M-4.5% | $58.1M-11.2% | $65.4M+169.4% | $24.3M-15.7% | $24.1M-16.5% | $28.8M+113.9% |
| Cash & Equivalents | $67.9M | $69.3M+559.2% | $10.5M-77.9% | $47.6M+181.2% | $16.9M-0.2% | $17.0M-21.7% | $15.8M-27.1% | $21.7M+141.7% |
| Inventory | $4.2M | $4.4M+19.1% | $3.7M-3.1% | $3.8M | N/A | N/A | N/A | N/A |
| Total Liabilities | $43.4M | $32.0M+49.6% | $21.4M+12.1% | $19.1M+3.7% | $18.4M+28.0% | $14.4M-1.0% | $14.5M-0.3% | $14.5M-12.8% |
| Current Liabilities | $25.5M | $15.3M+57.2% | $9.8M+19.9% | $8.1M-10.2% | $9.1M+33.3% | $6.8M+1.2% | $7.0M+3.8% | $6.7M-19.4% |
| Non-Current Liabilities | $17.9M | $16.7M+43.2% | $11.6M+6.3% | $10.9M+17.1% | $9.3M+23.3% | $7.6M-2.8% | $7.5M-3.9% | $7.8M-6.2% |
| Long-Term Debt | $5.2M | $4.8M+1908.4% | $239K-5.9% | $254K0.0% | $254K+4.5% | $243K-63.3% | N/A | $663K |
| Total Equity | $68.1M | $62.3M+49.9% | $41.6M-8.4% | $45.4M-20.8% | $57.3M+192.0% | $19.6M-18.9% | $19.9M-17.8% | $24.2M+248.4% |
| Retained Earnings | -$95.2M | -$98.4M+2.9% | -$101.3M-4.3% | -$97.1M-15.9% | -$83.8M-8.4% | -$77.3M-7.5% | -$76.9M-6.9% | -$71.9M-16.8% |
Not reported in any period shown, so not listed: Short-Term Investments, Accounts Receivable, Long-Term Investments, Goodwill.
BWAY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2510-K | Q4'2410-K | Q4'2310-K | Q4'2210-K | Q4'2110-K | Q4'2010-K | Q3'2010-Q | Q4'1910-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | $1.6M+233.3% | N/A | -$1.2M |
| Depreciation & Amortization | N/A | N/A | N/A | N/A | N/A | -$833K+2.1% | N/A | -$851K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | -$85K-74.9% | N/A | $338K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | $1.6M+199.2% | N/A | -$1.6M |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | $85K+121.5% | N/A | -$396K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | -$750K-81.2% | N/A | -$414K |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
BWAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Brainsway Ltd. BWAY | FY2024 | $41.0M | $2.9M | 7.1% | $478.6M | — |
| Neuronetics, Inc. STIM | FY2025 | $149.2M | -$39.0M | -26.2% | $167.6M | 42/100 |
| Viemed Healthcare, Inc. VMD | FY2025 | $270.3M | $15.4M | 5.7% | $351.9M | 65/100 |
| Outset Medical, Inc. OM | FY2025 | $119.5M | -$81.7M | -68.3% | $77.1M | 61/100 |
| Perspective Therapeutics, Inc. CATX | FY2025 | N/A | -$103.1M | N/A | $293.4M | — |
| NANO-X IMAGING LTD NNOX | FY2025 | $13.0M | -$75.0M | N/A | $50.5M | 54/100 |
Where Brainsway Ltd. Ranks
Frequently Asked Questions
What is Brainsway Ltd.'s annual revenue?
Brainsway Ltd. (BWAY) 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 Ltd.'s revenue growing?
Brainsway Ltd. (BWAY) revenue grew by 29.0% year-over-year, from $31.8M to $41.0M in fiscal year 2024.
Is Brainsway Ltd. profitable?
Yes, Brainsway Ltd. (BWAY) reported a net income of $2.9M in fiscal year 2024, with a net profit margin of 7.1%.
How much debt does Brainsway Ltd. have?
As of fiscal year 2024, Brainsway Ltd. (BWAY) had $69.3M in cash and equivalents against $4.8M in long-term debt.
What is Brainsway Ltd.'s net profit margin?
Brainsway Ltd. (BWAY) 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 Ltd.'s return on equity (ROE)?
Brainsway Ltd. (BWAY) 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 Ltd.'s operating cash flow?
Brainsway Ltd. (BWAY) generated $10.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Brainsway Ltd.'s total assets?
Brainsway Ltd. (BWAY) had $94.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Brainsway Ltd.'s current ratio?
Brainsway Ltd. (BWAY) had a current ratio of 5.19 as of fiscal year 2024, which is generally considered healthy.
What is Brainsway Ltd.'s debt-to-equity ratio?
Brainsway Ltd. (BWAY) 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 Ltd.'s return on assets (ROA)?
Brainsway Ltd. (BWAY) 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 Ltd.'s P/E ratio?
Brainsway Ltd. (BWAY) trades at 164x earnings, its market capitalization divided by net income of $2.9M net income, FY2024. The market capitalization is $478.6M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Brainsway Ltd.'s price-to-sales ratio?
Brainsway Ltd. (BWAY) trades at 11.7x sales, its market capitalization divided by revenue of $41.0M revenue, FY2024. The market capitalization is $478.6M as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Brainsway Ltd.'s Piotroski F-Score?
Brainsway Ltd. (BWAY) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Brainsway Ltd.'s earnings high quality?
Brainsway Ltd. (BWAY) 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.