The Tip Desk

SANUWAVE Health, Inc.

Company Stats

Market Cap
$40.5M
as of Sep 30, 2026
Enterprise Value
$50.8M
Shares Outstanding
8.6M
Free Float
74.1%

Income Statement

Revenue
$44.1M
Operating Income
$4.9M
Net Income
$11.8M
EBITDA
$5.9M
Non-cash Impairment
$196,000

Cash Flow

Free Cash Flow
$1.9M
FCF Yield
4.8%
Owner FCF Yield
-7.2%

Balance Sheet

Cash & Equivalents
$12.0M
Total Debt
$22.2M
Net Debt
$10.3M
Net Debt / EBITDA
1.73x
EV / EBITDA
8.58x
Net Debt / EBIT
2.07x

Cash Flow by Year

YearRevenueFCFMargin
FY2025$44.1M$1.9M4.4%
FY2024$32.6M$2.0M6.0%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage