Brainsway Ltd. Financials
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’s FY2024 turnaround came from converting renewed sales into cash-generating operations while keeping the balance sheet highly liquid.
In FY2024, earnings quality improved sharply: operating cash flow of$10.3M on net income of$2.9M means profit finally arrived with cash instead of cash burn. But the jump in cash to$69.3M was larger than operations alone, because investing and financing together added about$48.6M , so liquidity strengthened through both execution and balance-sheet actions.
The real change is not just higher revenue at
BrainsWay still looks conservatively financed: the current ratio remained 5.2x and long-term debt was only
Financial Health Signals
Scored against emerging companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Brainsway Ltd.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Brainsway Ltd., and counted as zero in the overall score.
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
Brainsway Ltd. generated $41.0M in revenue in fiscal year 2024. This represents an increase of 29.0% from the prior year.
Brainsway Ltd. reported $2.9M in net income in fiscal year 2024. This represents an increase of 169.6% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Brainsway Ltd. held $69.3M in cash against $4.8M in long-term debt as of fiscal year 2024.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Brainsway Ltd.'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 Ltd.'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.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
None of these metrics is reported for fiscal year 2024.
BWAY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $41.0M+29.0% | $31.8M+17.0% | $27.2M-8.4% | $29.7M+34.5% | $22.1M-4.5% | $23.1M+40.9% | $16.4M+47.1% | $11.1M |
| Interest Expense | $127K+164.6% | $48K | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $538K+114.3% | $251K-20.3% | $315K+632.6% | $43K-81.9% | $237K-43.8% | $422K+101.9% | $209K+23.7% | $169K |
| Net Income | $2.9M+169.6% | -$4.2M+68.6% | -$13.3M-106.6% | -$6.5M-20.0% | -$5.4M+47.9% | -$10.3M-59.4% | -$6.5M+8.2% | -$7.1M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
BWAY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $94.3M+49.8% | $63.0M-2.3% | $64.5M-14.9% | $75.7M+122.7% | $34.0M-12.2% | $38.7M+64.1% | $23.6M | N/A |
| Current Assets | $79.7M+43.6% | $55.5M-4.5% | $58.1M-11.2% | $65.4M+169.4% | $24.3M-15.7% | $28.8M+113.9% | $13.5M | N/A |
| Cash & Equivalents | $69.3M+559.2% | $10.5M-77.9% | $47.6M+181.2% | $16.9M-0.2% | $17.0M-21.7% | $21.7M+141.7% | $9.0M-38.2% | $14.5M |
| Inventory | $4.4M+19.1% | $3.7M-3.1% | $3.8M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $32.0M+49.6% | $21.4M+12.1% | $19.1M+3.7% | $18.4M+28.0% | $14.4M-1.0% | $14.5M-12.8% | $16.6M | N/A |
| Current Liabilities | $15.3M+57.2% | $9.8M+19.9% | $8.1M-10.2% | $9.1M+33.3% | $6.8M+1.2% | $6.7M-19.4% | $8.3M | N/A |
| Long-Term Debt | $4.8M+1908.4% | $239K-5.9% | $254K0.0% | $254K+4.5% | $243K-63.3% | $663K | N/A | N/A |
| Total Equity | $62.3M+49.9% | $41.6M-8.4% | $45.4M-20.8% | $57.3M+192.0% | $19.6M-18.9% | $24.2M+248.4% | $7.0M-45.4% | $12.7M |
| Retained Earnings | -$98.4M+2.9% | -$101.3M-4.3% | -$97.1M-15.9% | -$83.8M-8.4% | -$77.3M-7.5% | -$71.9M-16.8% | -$61.6M | N/A |
Not reported in any period shown, so not listed: Accounts Receivable, 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.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $10.3M+702.0% | $1.3M+113.2% | -$9.8M-1204.1% | $884K+161.6% | -$1.4M+80.2% | -$7.2M-92.0% | -$3.8M-8.8% | -$3.5M |
| Capital Expenditures | N/A | N/A | N/A | $2.2M-9.4% | $2.5M-25.4% | $3.3M+67.9% | $2.0M+100.2% | $985K |
| Free Cash Flow | N/A | N/A | N/A | -$1.4M+65.3% | -$3.9M+63.0% | -$10.6M-83.7% | -$5.7M-29.0% | -$4.5M |
| Investing Cash Flow | $30.3M+181.0% | -$37.4M-188.7% | $42.2M+199.9% | -$42.2M-1612.6% | -$2.5M-0.8% | -$2.4M-115.3% | -$1.1M+53.7% | -$2.5M |
| Financing Cash Flow | $18.3M+1880.0% | -$1.0M+33.7% | -$1.5M-103.7% | $41.5M+4130.7% | -$1.0M-104.6% | $22.5M+8580.8% | -$265K-102.4% | $11.1M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
BWAY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 7.1%+20.3pp | -13.2%+35.9pp | -49.1%-27.3pp | -21.8%+2.6pp | -24.4%+20.3pp | -44.7%-5.2pp | -39.5%+23.8pp | -63.3% |
| Return on Equity | 4.7%+14.8pp | -10.1%+19.3pp | -29.4%-18.1pp | -11.3%+16.2pp | -27.4%+15.2pp | -42.6%+50.6pp | -93.2%-37.8pp | -55.5% |
| Return on Assets | 3.1%+9.8pp | -6.7%+14.0pp | -20.7%-12.2pp | -8.5%+7.3pp | -15.8%+10.8pp | -26.7%+0.8pp | -27.5% | N/A |
| Current Ratio | 5.19-0.5x | 5.68-1.5x | 7.14-0.1x | 7.22+3.6x | 3.57-0.7x | 4.29+2.7x | 1.62 | N/A |
| Debt-to-Equity | 0.08+0.1x | 0.010.0x | 0.010.0x | 0.000.0x | 0.010.0x | 0.03-2.4x | 2.40 | N/A |
| FCF Margin | N/A | N/A | N/A | -4.6%+13.1pp | -17.7%+28.0pp | -45.7%-10.6pp | -35.0%+4.9pp | -40.0% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
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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 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.
How financially healthy is Brainsway Ltd.?
Brainsway Ltd. (BWAY) scores 66 out of 100 on our Financial Health Score, indicating strong standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.