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How Sanara MedTech (SMTI) makes money

Sanara MedTech (SMTI) made $28.1M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Soft Tissue Repair Products brought in $25.2M (90%); Bone Fusion Products brought in $2.9M (10%).

Drawing the Sankey…

Sanara MedTech revenue by segment, Q2 2026Sanara MedTech revenue by segment, Q2 2026Soft Tissue Repair Products$25.2MBone Fusion Products$2.9M
Sanara MedTech: revenue by line, Q4 2024 to Q2 2026Sanara MedTech: revenue by line, Q4 2024 to Q2 2026Soft Tissue Repair Pr…Bone Fusion ProductsSaaSSoft Tissue Repair Products: $25.2M latest$25.2MBone Fusion Products: $2.9M latest$2.9MSaaS: $0 latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
The mix barely moved between Q4 2024 and Q2 2026.
Sanara MedTech revenue by quarterSanara MedTech revenue by quarter$26.3MQ4 2024$23.4MQ1 2025$25.8MQ2 2025$26.3MQ3 2025$27.5MQ4 2025$27.8MQ1 2026$28.1MQ2 2026
Sanara MedTech: where each dollar of revenue goesSanara MedTech: where each dollar of revenue goesOperating cash flow7¢Free cash flow7¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Soft Tissue Repair Products$25.2M89.7%+1%+11%
Bone Fusion Products$2.9M10.3%+1%-8%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$28.1M100.0%
Operating cash flow$2.0M7.2%
Free cash flow$2.0M7.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$28.1M+9%
Q1 2026$27.8M+19%
Q4 2025$27.5M+5%
Q3 2025$26.3M+22%
Q2 2025$25.8M+28%
Q1 2025$23.4M+26%
Q4 2024$26.3M+49%

From Sanara MedTech's 10-Q filed Aug 11, 2026 (on EDGAR).

Questions

How does Sanara MedTech make money?

Sanara MedTech (SMTI) made $28.1M of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Soft Tissue Repair Products brought in $25.2M (90%); Bone Fusion Products brought in $2.9M (10%).

What is Sanara MedTech's biggest business?

Soft Tissue Repair Products: $25.2M in the second quarter 2026, 90% of revenue, +11% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.