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Sanuwave Health (SNWV) gross margin by quarter

Sanuwave Health's gross margin was 74.7% in Q4 2025 (fourth quarter 2025), -2.9 pts from Q3 2025. Over the last 3 quarters it ranged from 74.7% (Q4 2025) to 78.1% (Q2 2025).

Sanuwave Health gross margin by quarterSanuwave Health gross margin by quarter78.1%Q2 202577.6%Q3 202574.7%Q4 2025
QuarterGross marginQ/QY/Y
Q4 202574.7%-2.9 pts—
Q3 202577.6%-0.5 pts—
Q2 202578.1%——

Q4 2025 at a glance

Sanuwave Health, Q4 2025: revenue $13.4M (+30% year over year), operating margin 15.0%, net earnings $7.7M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.

Questions

What is Sanuwave Health's gross margin?

Sanuwave Health's gross margin was 74.7% in Q4 2025 (fourth quarter 2025), -2.9 pts from Q3 2025.

How has Sanuwave Health's gross margin changed?

Over the last 3 quarters it ranged from 74.7% (Q4 2025) to 78.1% (Q2 2025).

Q4 2025 results → · How Sanuwave Health makes money →