BWAY
Company Description
BrainsWay Ltd. develops and distributes non-invasive neurostimulation therapies that address a broad spectrum of mental health and neurological conditions. The company operates globally, with a presence in the United States, Europe, and Israel, among other international markets. Its primary offering is the Deep Transcranial Magnetic Stimulation (dTMS) platform technology, which provides treatment for various ailments including major depressive disorders, anxious depression, obsessive-compulsive disorders, smoking addiction, bipolar disorders, post-traumatic stress disorders, schizophrenia, Alzheimer's disease, autism, chronic pain, multiple sclerosis, post-stroke rehabilitation, and Parkinson's disease. BrainsWay's clientele primarily comprises medical professionals, hospitals, and medical centers specializing in psychiatry. The company was founded in 2003 and is headquartered in Jerusalem, Israel.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.23M | 41.02M | 31.79M | 27.18M | 29.66M | 22.06M | 23.10M | 16.40M | 11.14M | 11.52M | 6.80M | 3.38M |
| Net Income | 7.63M | 2.92M | (4.20M) | (13.35M) | (6.46M) | (5.38M) | (10.33M) | (6.48M) | (7.05M) | (2.40M) | (4.09M) | (6.54M) |
| EPS | 0.40 | 0.09 | -0.13 | -0.43 | -0.21 | -0.24 | -0.50 | -0.39 | -0.48 | -0.17 | -0.28 | -0.46 |
| Free Cash Flow | 16.40M | 6.50M | (1.10M) | (9.76M) | (1.35M) | (3.91M) | (10.55M) | (5.75M) | (4.45M) | (2.81M) | (6.82M) | (5.29M) |
| FCF / Share | 0.86 | 0.19 | -0.03 | -0.30 | -0.04 | -0.17 | -0.51 | -0.35 | -0.30 | -0.19 | -0.47 | -0.37 |
| Operating CF | 18.16M | 10.30M | 1.28M | (9.76M) | 884,000 | (1.44M) | (7.24M) | (3.77M) | (3.47M) | (2.40M) | (4.55M) | (3.79M) |
| Total Assets | 112.92M | 94.32M | 62.97M | 64.48M | 75.73M | 34.01M | 38.74M | 23.60M | 27.03M | 19.96M | 22.24M | 25.77M |
| Total Debt | 6.82M | 5.62M | 471,000 | 488,000 | 754,000 | 672,000 | 414,000 | 2.83M | 2.73M | 810,000 | 127,000 | 177,000 |
| Cash & Equiv | 67.70M | 69.34M | 10.52M | 47.58M | 16.92M | 16.96M | 21.67M | 8.97M | 14.51M | 9.17M | 11.36M | 17.26M |
| Book Value | 73.22M | 62.31M | 41.58M | 45.40M | 57.33M | 19.63M | 24.22M | 6.95M | 12.72M | 10.29M | 12.89M | 15.58M |
| Return on Equity | 0.10 | 0.05 | -0.10 | -0.29 | -0.11 | -0.27 | -0.43 | -0.93 | -0.55 | -0.23 | -0.32 | -0.42 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17.40M | 15.53M | 14.54M | 13.51M | 12.63M | 11.54M | 11.41M | 10.50M | 10.01M | 9.10M | 9.03M | 8.30M |
| Net Income | 2.76M | 2.29M | 2.93M | 1.57M | 2.03M | 1.11M | 1.55M | 662,000 | 600,000 | 111,000 | 127,000 | (230,000) |
| EPS | 0.14 | 0.12 | 0.16 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.02 | 0.00 | 0.00 | -0.01 |
| Free Cash Flow | 5.46M | 402,000 | (759,000) | 586,000 | 11.22M | 3.97M | 2.57M | 978,000 | 501,000 | 2.45M | 2.03M | 842,000 |
| FCF / Share | 0.27 | 0.02 | -0.04 | 0.02 | 0.30 | 0.11 | 0.07 | 0.03 | 0.02 | 0.07 | 0.06 | 0.03 |
| Operating CF | 6.36M | 1.17M | (759,000) | 1.39M | 12.38M | 5.01M | 3.49M | 2.28M | 1.35M | 3.18M | 2.47M | 1.36M |
| Total Assets | 121.97M | 117.00M | 112.92M | 113.06M | 111.56M | 100.20M | 94.32M | 72.10M | 65.63M | 65.14M | 62.97M | 59.77M |
| Total Debt | 7.13M | 6.71M | 6.82M | 6.75M | 6.13M | 5.57M | 5.62M | 0 | 4.37M | 0 | 471,000 | 0 |
| Cash & Equiv | 62.36M | 58.64M | 67.70M | 70.46M | 67.91M | 71.60M | 69.34M | 48.13M | 48.14M | 12.38M | 10.52M | 43.89M |
| Book Value | 79.19M | 75.80M | 73.22M | 70.06M | 68.13M | 63.75M | 62.31M | 44.03M | 42.98M | 42.00M | 41.58M | 41.22M |
| Return on Equity | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | -0.01 |
