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NASDAQ · Health care

SANUWAVE Health, Inc. (SNWV)

SANUWAVE Health, Inc. brought in $43.9M of revenue over the twelve months to June 30, 2026, up 12.2% from a year earlier. Net income was $15.3M, a net margin of 34.7%. Operating cash flow minus capital spending left $1.9M of free cash flow in fiscal 2025. At June 30, 2026 it held $9.4M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 6, 2026.

Free, no password. An email when SNWV files with the SEC.

Price
$1.85
-15.53% on the day · November 9, 2026
52-week range $1.75 to $36.20
Market cap
$15.9M
Revenue (last 12 months)
$43.9M
+12.2% year on year
Net margin
34.7%
P/E
4.5
on FY2025 diluted EPS

Key facts about SANUWAVE Health, Inc.

Net worth
SANUWAVE Health, Inc. has a market value (market cap) of $15.9M at the latest share price, and shareholders' equity of $2.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $44.1M (+35.0% year on year), with net income of $11.8M. Over the 12 months to June 30, 2026: revenue $43.9M, net income $15.3M.
Cash flow
In fiscal 2025 operations brought in $3.9M of cash; after $1.9M of capital spending, free cash flow was $1.9M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 6, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
Next earnings report
SANUWAVE Health, Inc.'s next report was expected around November 6, 2026 and is not on file with the SEC yet.

What SANUWAVE Health, Inc. does

SANUWAVE Health, Inc. is registered with the SEC under industry code SIC 3841 (Surgical & Medical Instruments & Apparatus). Its shares trade on NASDAQ under the ticker SNWV.

Revenue and profit by year

Revenue
FY18: $1.9M $1.9M FY18FY19: $1.5M $1.5M FY19FY20: $4.1M $4.1M FY20FY21: $13M $13M FY21FY22: $16.7M $16.7M FY22FY23: $20.4M $20.4M FY23FY24: $32.6M $32.6M FY24FY25: $44.1M $44.1M FY25
Net income
FY18: -$11.6M -$11.6M FY18FY19: -$10.4M -$10.4M FY19FY20: -$30.9M -$30.9M FY20FY21: -$27.3M -$27.3M FY21FY22: -$10.3M -$10.3M FY22FY23: -$25.8M -$25.8M FY23FY24: -$33.1M -$33.1M FY24FY25: $11.8M $11.8M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$44.1M$4.9M$11.8M$0.41$1.9M
2024$32.6M$3.8M-$33.1M-$7.41$2M
2023$20.4M-$540K-$25.8M-$12.85-$4.5M
2022$16.7M-$9M-$10.3M-$8.57n/a
2021$13M-$14.1M-$27.3M-$21.41-$6.9M
2020$4.1M-$25.2M-$30.9M-$34.26-$12.8M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

A report was expected around November 6, 2026 and is not on file yet.

Estimated from its filing rhythm: 52 weeks after its report of November 7, 2025. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where SNWV ranks in Health care

Revenue$44.1M
#406 of 751 in Health care · Bottom 46%
Revenue growth+35.0%
#125 of 532 in Health care · Top 23%
Net margin26.8%
#49 of 544 in Health care · Top 9%
Free cash flow margin4.4%
#186 of 490 in Health care · Top 38%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Health care

Latest SEC filings

What SANUWAVE Health, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 25, 2026
  2. August 14, 2026
  3. August 6, 2026
  4. August 6, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue fell 4% to $9.7M versus the same quarter last year; diluted EPS -$0.08 versus -$0.04.
  5. July 31, 2026
  6. July 30, 2026
  7. July 13, 2026
  8. June 16, 2026
  9. June 15, 2026
  10. May 29, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 2, 2026. Insider transactions on SEC

What is SNWV worth? A DCF from its reported cash flow

Insider trades

What the people running SANUWAVE Health, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
May 1, 2026 Opaleye Management Inc.10% owner Soldindirect 10,081 $16.11 $162.4K Form 4
May 1, 2026 Opaleye Management Inc.10% owner Soldindirect 500 $16.11 $8.1K Form 4
April 30, 2026 Opaleye Management Inc.10% owner Soldindirect 24,000 $16.15 $387.6K Form 4
April 30, 2026 Opaleye Management Inc.10% owner Soldindirect 1,000 $16.15 $16.2K Form 4
April 29, 2026 Opaleye Management Inc.10% owner Soldindirect 23,360 $17.25 $402.9K Form 4
April 29, 2026 Opaleye Management Inc.10% owner Soldindirect 1,000 $17.25 $17.2K Form 4
April 28, 2026 Opaleye Management Inc.10% owner Soldindirect 43,788 $18.47 $808.7K Form 4
April 28, 2026 Opaleye Management Inc.10% owner Soldindirect 2,500 $18.47 $46.2K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SNWV

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
James E. Besser13D, may seek influence with 4 related filers 10.8% 929,979 December 15, 2025
Solas Capital Management, LLC13G, passive with 1 related filers 7.1% 610,968 August 14, 2026
AWM Investment Company, Inc.13G, passive 6% 513,230 May 9, 2025

Latest filings below 5%: Opaleye Management Inc. 3.6% (July 31, 2026); The Vanguard Group 0% (March 27, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 50 managers reported a position.

HolderSharesValueChange on quarter
Solas Capital Management, LLC610,968$6.1M+323,454
AWM Investment Company, Inc.454,550$4.5M0
Praetorian PR LLC395,000$4M+45,000
Vanguard Capital Management LLC352,756$3.5M+3,882
Opaleye Management Inc.306,140$3.1M-675,127
UBS Group AG256,791$2.6M+46,528
BlackRock, Inc.159,867$1.6M-321,673
Geode Capital Management, LLC86,098$861.4K-85,700
Citadel Advisors LLC59,473$594.7K+41,375
Vanguard Fiduciary Trust Co43,097$431K-6,184
Marshall Wace, Llp42,125$421.3Knew
Goldman Sachs Group Inc40,426$404.3K+1,921
Jpmorgan Chase & Co39,697$391K+36,649
Stonebridge Wealth Management, LLC38,434$384.3K+1,250
Luxor Capital Group, LP37,200$372Knew
State Street Corp32,282$322.8K-107,807
Morgan Stanley31,619$316.2K+25,826
Kirtland Hills Capital Management, LLC3,100$308.6K+325
Jane Street Group, LLC23,847$238.5Knew
Aqr Capital Management LLC22,908$229.1Knew

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

2 insiders reported holding 70,999 shares in total, about $131.3K at the last price.

HolderSharesAs of
Manchester Management Co LLC10% owner 65,99963,999 held indirectly December 12, 2025
Opaleye Management Inc.10% owner 5,0005,000 held indirectly May 1, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SNWV

What does SANUWAVE Health, Inc. do?

SANUWAVE Health, Inc. is a company in the Health care sector, listed on NASDAQ as SNWV. Its shares trade on NASDAQ under the ticker SNWV.

What is SANUWAVE Health, Inc.'s net worth?

SANUWAVE Health, Inc. has a market value (market cap) of $15.9M at the latest share price, and shareholders' equity of $2.8M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is SANUWAVE Health, Inc. profitable?

Yes. Over the twelve months to June 30, 2026 it reported net income of $15.3M on revenue of $43.9M, a net margin of 34.7%.

How much revenue does SANUWAVE Health, Inc. make?

Over the twelve months to June 30, 2026 SANUWAVE Health, Inc. reported revenue of $43.9M. That is 12.2% more than a year earlier.

When did SANUWAVE Health, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 6, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.

When is SANUWAVE Health, Inc.'s next earnings report?

SANUWAVE Health, Inc.'s next report was expected around November 6, 2026 and is not on file with the SEC yet.

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Where the numbers come from

Financial figures are the values SANUWAVE Health, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.