Filing Flows › Sanuwave Health (SNWV) › Q1 2026
Sanuwave Health (SNWV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Sanuwave Health (SNWV) reported revenue of $9.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -28% from the quarter before. Operating margin was -11.7%, net loss $1.4M (15.0% of revenue).
Sanuwave Health, Q1 2026: revenue $9.6M (+3% year over year), operating margin -11.7%, net loss $1.4M, operating cash flow $397K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6M | -28% | +3% |
| Operating profit | −$1.1M | -156% | -214% |
| Net earnings | −$1.4M | -119% | — |
| Operating cash flow | $397K | -88% | — |
| Free cash flow | $374K | -88% | — |
What changed
Revenue was $9.6M in Q1 2026, up 3% year over year and down 28% from the previous quarter. Consumables, parts, and accessories revenue was the largest line at 69% of revenue. Consumables, parts, and accessories revenue added $610K year over year (up 10%), 213% of the total change. Other declined 33%.
Gross margin was 77.3%, down 1.8 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -11.7%. Operating expenses grew 26% against revenue growth of 3%. The fastest-growing cost line was Research & development (+217%). The quarter ended with a net loss of $1.4M, after a profit of $7.7M the previous quarter.
Operating cash flow was $397K. Non-cash charges added back $294K of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $69K. Capital expenditures of $23K left free cash flow of $374K.
Questions
What was Sanuwave Health's revenue in the first quarter 2026?
Sanuwave Health (SNWV) reported revenue of $9.6M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -28% from the quarter before.
Was Sanuwave Health profitable in the first quarter 2026?
Operating loss was $1.1M (-11.7% of revenue) and net loss $1.4M.
Source: Sanuwave Health 10-Q on SEC EDGAR.