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Profound Medical vs Sanuwave Health: PROF and SNWV compared
Profound Medical is the larger company: $9.8M of revenue in its latest quarter (Q3 2026) against $9.7M for Sanuwave Health (Q2 2026). Profound Medical is growing faster (+86% against -3% a year earlier). Sanuwave Health is more profitable, with an operating margin of -2.9% against -79.6%.
Where the money goes: PROF and SNWV
Profound Medical (PROF) · Q3 2026
Profound Medical, Q3 2026: revenue $9.8M (+86% year over year), operating margin -79.6%, net loss $7.7M, operating cash flow −$5.0M. The chart follows the revenue to costs, profit and cash.
Sanuwave Health (SNWV) · Q2 2026
Sanuwave Health, Q2 2026: revenue $9.7M (-3% year over year), operating margin -2.9%, net loss $682K, operating cash flow $425K. The chart follows the revenue to costs, profit and cash.
| Profound Medical (PROF) | Sanuwave Health (SNWV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $9.8M | $9.7M |
| Revenue growth, Y/Y | +86% | -3% |
| Operating margin | -79.6% | -2.9% |
| Net earnings | −$7.7M | −$682K |
| Net margin | -78.6% | -7.0% |
| Operating cash flow | −$5.0M | $425K |
| Free cash flow | — | $91K |
| Market value | $264M | — |
| Analysts’ mean target | $11.14 | — |
Where the revenue comes from
Profound Medical
- Capital equipment: $5.7M (58%)
- Recurring - non-capital: $4.1M (42%)
Sanuwave Health
- Consumables, parts, and accessories revenue: $7.3M (75%)
- System revenue: $2.3M (23%)
- Extended warranty: $78K (1%)
- Other: $48K (0%)
Questions
Which is bigger, Profound Medical or Sanuwave Health?
Profound Medical is the larger company: $9.8M of revenue in its latest quarter (Q3 2026) against $9.7M for Sanuwave Health (Q2 2026).
Is Profound Medical or Sanuwave Health growing faster?
Profound Medical is growing faster (+86% against -3% a year earlier).
Which is more profitable, Profound Medical or Sanuwave Health?
Sanuwave Health is more profitable, with an operating margin of -2.9% against -79.6%.
More: Profound Medical earnings · how Profound Medical makes money · Sanuwave Health earnings · how Sanuwave Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.