Welcome to our dedicated page for Brainsway SEC filings (Ticker: BRSYF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Brainsway Ltd. (BRSYF) files as a foreign private issuer with the U.S. Securities and Exchange Commission, using Form 20-F for annual reporting and Form 6-K for current reports. Its 6-K filings state that they are incorporated by reference into a Form S-8 registration statement and multiple Form F-3 registration statements, showing that SEC documents are central to how the company communicates with U.S. investors.
On this page, you can review Brainsway Ltd.’s SEC filings, including Form 6-K current reports that often attach press releases as exhibits. The exhibit titles reveal key themes: neuromodulation and Deep TMS™ technologies, FDA approvals and clearances, coverage policies, and clinical trials. Examples include "BrainsWay Announces FDA Approval of Neurolief’s Proliv™Rx Neuromodulation System for Major Depressive Disorder (MDD)," "BrainsWay Announces First Coverage Policy for Accelerated Deep TMS™," and "BrainsWay Receives FDA Clearance of Deep TMS™ as Adjunct Therapy for Major Depressive Disorder (MDD) in Adolescents Aged 15 to 21."
Stock Titan enhances these regulatory documents with AI-powered summaries that explain the main points of lengthy filings in plain language. Real-time updates from EDGAR allow users to see new 6-K and 20-F submissions as they appear. Investors can also access and interpret other relevant forms when available, such as registration statements and any insider-related filings like Form 4, with AI-generated highlights that clarify complex disclosures.
By combining Brainsway Ltd.’s official SEC filings with AI analysis, this page helps users understand how the company reports on neuromodulation initiatives, Deep TMS developments, and related regulatory and coverage milestones.
Brainsway Ltd. filed a Form 3 showing the initial equity holdings of Chief Executive Officer Levy Hadar. The filing reports direct ownership of 123,050 Ordinary Shares, which includes 16,800 shares and unvested restricted stock units that convert into shares as they vest.
Hadar also holds stock options over 80,000 Ordinary Shares granted on February 9, 2023 with an exercise price of NIS 3.65 per share, vesting in equal quarterly installments until February 13, 2027. Additional options cover 62,500 Ordinary Shares granted on March 5, 2024 at an exercise price of NIS 11.17 per share, vesting in equal quarterly installments until March 5, 2028.
Brainsway Ltd. executive Dr. Yiftach Roth, the Chief Scientist, filed an initial statement of beneficial ownership showing he holds 1,079,305 Ordinary Shares. This figure includes shares held jointly with his spouse, additional individually held shares, and unvested restricted stock units that vest gradually through 2030.
Brainsway Ltd. VP of Medical Affairs Colleen Hanlon filed an initial Form 3 detailing her equity position in the company. She directly holds 53,881 Ordinary Shares, including 20,381 shares and multiple RSU grants that vest in quarterly installments through dates extending to March 10, 2030. She also holds stock options over 10,000 Ordinary Shares, granted on March 5, 2024, with an exercise price of NIS 11.17 per share and an expiration date of March 5, 2034, with 5,000 of these options scheduled to vest in equal quarterly installments until March 5, 2028.
Brainsway Ltd. director Amiram Boehm filed an initial ownership report showing equity awards tied to the company’s ordinary shares. He holds stock options covering 75,000 ordinary shares granted in February 2023 and 37,500 ordinary shares granted in March 2024, each with quarterly vesting through 2027–2028. He also reports 18,750 unvested restricted stock units that vest quarterly until March 5, 2028, each representing a contingent right to receive one ordinary share. The options carry exercise prices of NIS 4.56 and NIS 11.17 per share and may be exercised into ordinary shares or American Depositary Shares on a one-for-one basis.
Brainsway Ltd. Chief Technology Officer Gilad Moiseyev filed an initial ownership report showing direct holdings of ordinary shares and equity awards. He reports 52,500 ordinary shares (including 7,500 shares and multiple restricted stock unit grants that vest in stages through March 2030). He also holds stock options over 30,000 ordinary shares, granted on March 5, 2024, with remaining options to purchase 15,000 ordinary shares vesting in equal quarterly installments until March 5, 2028. These options carry an exercise price of NIS 11.17 per share and expire on March 5, 2034. The ordinary shares may also be represented by American Depositary Shares, each currently equal to one ordinary share.
Brainsway Ltd. director Jonathan K. Shulkin filed an initial ownership report showing only existing indirect holdings, with no new share purchases or sales. The filing lists Ordinary Shares, which are represented by American Depositary Shares on the market, each equal to one Ordinary Share.
Shulkin reports indirect ownership of 536,494 Ordinary Shares through Tikvah Partners LLC, and 5,314,950 Ordinary Shares through Valor Brainsway Holdings LLC
BrainsWay Ltd. reports strong 2025 growth and profitability, highlighting its shift to a recurring-revenue, leasing-based model. Revenue reached $52.2M in 2025, up 27% year over year, with Q4 2025 revenue of $14.5M. Adjusted EBITDA rose to $7M for 2025, also up 27% from 2024, while Q4 2025 Adjusted EBITDA was $2.3M with an EBITDA margin of 16%. Net income for 2025 totaled $7M, an increase of 161%, and the company reported 10 consecutive quarters of positive free cash flow.
BrainsWay ended 2025 with approximately $68M in cash and no debt, and Remaining Performance Obligations of $70M, up 43%. The installed base exceeded 1,700 Deep TMS systems, with about 70% of new engagements structured as multi-year leases. For 2026, the company guides to revenue of $66–$68M and expects recurring revenue to continue outpacing non-recurring revenue, supported by FDA clearances in Major Depressive Disorder, expanded reimbursement, and strategic equity investments in mental health providers.
BrainsWay Ltd. reported a strong 2025, combining fast growth with higher profitability. Full-year revenue reached $52.2 million, up 27% from 2024, while net income rose 161% to $7.6 million and Adjusted EBITDA increased to about $7.1 million. Q4 revenue grew 27% year-over-year to $14.5 million, with operating income of $1.9 million and net income of $2.9 million.
The company ended 2025 with $68.0 million in cash, cash equivalents and restricted cash and remaining performance obligations of approximately $70 million, up 43% from December 31, 2024. BrainsWay also highlighted regulatory and commercial progress, including FDA label expansion for Deep TMS in adolescent depression, first insurer coverage for its accelerated SWIFT protocol, and FDA approval of Neurolief’s Proliv Rx neuromodulation system.
For 2026, BrainsWay targets revenue of $66 million to $68 million, implying 27% to 30% growth over 2025, and is guiding to operating income of 13% to 14% and Adjusted EBITDA of $12 million to $14 million, while expecting continued profitability and positive cash flow.
BrainsWay Ltd. reported new clinical data on its FDA-cleared SWIFT™ accelerated Deep TMS™ protocol for major depressive disorder. Two peer-reviewed manuscripts in Brain Stimulation show that SWIFT achieves comparable outcomes to the standard Deep TMS protocol while sharply reducing treatment time.
The accelerated protocol shortens the traditional 20-visit acute phase to 6 half days, then weekly maintenance visits for 4 weeks. In a large randomized multisite trial, SWIFT delivered an 87.8% response rate, a 78.0% remission rate, and a median time to remission of 21 days versus 28 days for the standard protocol.
Patient-reported data showed quality-of-life scores improving by about 32 percentage points by 6 weeks, with roughly 70% no longer severely impaired and about 60% reaching normal-range functioning. BrainsWay positions SWIFT as a way to reduce treatment burden and expand access to non-drug depression therapy.
Brainsway Ltd. reports that Harel Insurance Investments & Financial Services Ltd. beneficially owns 1,981,714 Ordinary Shares, representing 5.2% of the outstanding ordinary shares based on June 30, 2025 share count. The filing states 1,974,472 Ordinary Shares are held for public clients by subsidiaries with independent voting and investment decisions and 7,242 Ordinary Shares are held in third‑party client accounts where the manager has investment but not voting power. The CUSIP cited (10501L106) applies to American Depositary Shares, each representing two ordinary shares.