Brainsway Ltd. balance sheet

At the end of fiscal 2025, Brainsway Ltd. had total assets of $113m and shareholders' equity of $73.2m. It held $67.7m in cash against $0 of debt: net cash of $67.7m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Brainsway Ltd.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	15	9	22	17	17	48	11	69	68
Inventory	—	—	—	—	—	4	4	4	7
Total current assets	—	13	29	24	65	58	55	80	84
Total assets	—	24	39	34	76	64	63	94	113
Total current liabilities	—	8	7	7	9	8	10	15	22
Short-term debt	—	1	—	—	—	—	—	—	—
Long-term debt	—	2	—	—	—	—	—	—	—
Total debt	0	3	—	0	0	0	0	0	0
Shareholders' equity	13	7	24	20	57	45	42	62	73
Net debt (negative = net cash)	−15	−6	−22	−17	−17	−48	−11	−69	−68
Shares outstanding	—	17m	22m	22m	33m	33m	33m	38m	39m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Brainsway Ltd.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Brainsway Ltd.