undamentalytics Newsletter
Sign in

Sanara Medtech Inc. (SMTI) stock

Add to watchlist

Add holding +

NASDAQ: SMTI Nasdaq Health Care Equipment Next results ~November 11, 2026

C+ Fundamentals grade

Sanara Medtech Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$24

Revenue-to-maturity cash-flow model

Base case. Range ~$18–$30 across our lower- and higher-growth cases (8%–18% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Sanara Medtech Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds47 adding, 19 cuttingOf 15 active managers that changed their stake, 11 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sanara Medtech files

Where Sanara Medtech stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $110m, up 13.0% on a year earlier, slower than the 17.4% growth a quarter earlier. Free-cash-flow margin rose to 4.1% from 0.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 6 financial-health checks. Our revenue-to-maturity cash-flow model value is $24.21 a share, against a share price of $32.85.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 11, 2026 (estimated)

Sanara Medtech Inc.'s trailing-twelve-month revenue grew 13.0% year on year, with a free-cash-flow margin of 4.1%. Where it stands out: gross margin of 93.0% ranks 3 of 123 health care equipment companies we cover. Where it lags: long-term debt as % of assets of 67.2% ranks 82 of 87 health care equipment companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 5368.1% while net income fell 222.2%: a 5590pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Sanara Medtech Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 57% and a beta of 0.6 against the S&P 500.
  • Growth easing. The growth rate is 4.4 points lower than a quarter earlier.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 67.2% ranks 82 of 87 health care equipment companies we cover (median 24.2%).
  • Below peers: change in growth rate. Change in growth rate of -4.4pp ranks 99 of 129 health care equipment companies we cover (median -0.6pp).
  • Short interest rising. Shares sold short rose 21% in a month to 7.0% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
$0.09 against an average estimate of -$0.07: beat by 223.1%
Revenue
$28m, up 9.0% on a year earlier
Share reaction
+0.2% in the first session after the results on August 11, 2026, against -0.1% for the S&P 500
Next report
November 11, 2026; average EPS estimate $0.02

Sanara Medtech's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.3%
  • 1 week-2.9%
  • 1 month-8.0%
  • This year+37.3%
  • 1 year+9.5%
  • 5 years-10.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$110M
Operating margin
7.7%
Net margin
-29.2%
EPS (TTM, diluted)
$-3.70

Growth

Revenue growth
+13.0%
Change in growth rate
−4.4 pts
Share count change
+0.3%

Cash

Free cash flow (TTM)
$4.5M
FCF margin
4.1%
Stock pay % of revenue
4.5%

Earnings

Last results
August 11, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Shareholder vote
  4. Results
  5. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Sanara Medtech Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Sanara Medtech Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.1%: the 10-year Treasury yield (4.9%) plus a beta of 1.14 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$24 ~$18–$30 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$12 ~$14–$59 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$12–$24 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sanara Medtech Inc. with Health Care Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$9.00$4.00$6.00$3.00$16.10$49.90$29.55$45.50$41.10$33.20$23.35$32.07
Market value$19m$9m$13m$7m$34m$286m$217m$360m$340m$282m$201m$278m
+ Net debt (− = net cash)$2m$780858$736811−$176421−$5m−$455366−$19m−$9m$5m$16m$30m$32m
Enterprise value$21m$9m$13m$6m$29m$286m$198m$351m$345m$297m$232m$310m
Multiples
Price / sales 5.7x1.6x2.0x1.1x2.9x18.4x9.0x7.8x5.2x3.2x2.0x2.5x
Price / earnings ——37.8x—————————
Price / free cash flow —21.4x—24.2x——————93.2x61.7x
EV / EBITDA ——65.9x——————48.1x20.6x28.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard Sanara Medtech's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -10.8% of total assets over 10 years.

  • Pricing power 14 / 20

    Gross margin has been a median 89.0%, moving by 7.6 percentage points (standard deviation) across 10 years.

  • Durability 10 / 20

    Operating margin has been a median -11.4%; its worst year was -37.7%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 4 of 10 years, at a median -7.1% of revenue.

  • Discipline 6 / 20

    The diluted share count rose 31.7% over five years; stock-based pay has been a median 5.3% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 11, 2026, after the close. Analysts expect revenue of $30m and EPS of $0.02 (range $0.02 to $0.02) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.20 — $117m +13%
Next $0.54 +170% $133m +14%

Next year's EPS estimate has moved 0.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +11.1% on 90 days ago. In the last 30 days, 1 analyst raised Sanara Medtech Inc.'s forecast and 0 cut it.

Consensus EPS forecast Sanara Medtech Inc., last 90 days
$0.00 $0.20 $0.40 $0.60 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.18 Current fiscal year, 60 days ago: $0.18 Current fiscal year, 30 days ago: $0.18 Current fiscal year, 7 days ago: $0.18 Current fiscal year, Now: $0.20 $0.20 Next fiscal year, 90 days ago: $0.54 Next fiscal year, 60 days ago: $0.54 Next fiscal year, 30 days ago: $0.54 Next fiscal year, 7 days ago: $0.54 Next fiscal year, Now: $0.54 $0.54

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.18$0.54
60 days ago $0.18$0.54
30 days ago $0.18$0.54
7 days ago $0.18$0.54
Now $0.20$0.54

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.07 $0.09 +223.1%
Mar 2026 −$0.22 $0.04 +118.2%
Dec 2025 $0.11 −$0.19 −272.7%
Sept 2025 −$0.21 −$3.52 −1537.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

3 analysts, Oct 2026
Buy00%
Hold3100%
Sell00%

Monthly trend

  1. Oct 202633
  2. Sep 2026123

Counts of recommendations published by analysts covering Sanara Medtech Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.0%
of tradable shares
Days to cover
2.2
at average volume
Short interest, 1 month
+21%
to October 15, 2026
Held by institutions
20%
of shares
Held by insiders
47.9%
of shares
Employees
108
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +9.5%

$29.30 on October 31, 2025 to $32.07

ThenNowEffect
Revenue (last 12 months) $97m $110m +13.0%
P/S multiple 2.6x 2.5x −2.8%
Share count 9m 9m −0.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years +18.8%

$26.99 on November 3, 2023 to $32.07

ThenNowEffect
Revenue (last 12 months) $60m $110m +84.1%
P/S multiple 3.6x 2.5x −30.7%
Share count 8m 9m −6.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SMTI−41%+54%−10%−19%−30%+37%
Industry peers (median)−7%−37%−8%−19%−16%−15%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SMTI50%50%42%42%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SMTI−54%−41%−47%−35%−50%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 82% from January 5, 2018 to December 10, 2018. Getting back needed a 450% gain, reached on October 21, 2019, 315 days after the low.

Price behaviour

52-week range
$16.34 – $35.28
From 52-week high
−9.1%
vs 50-day average
−6.9%
vs 200-day average
+25.6%
Volatility (1 year)
57%
Beta vs S&P 500
0.60

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±11.5%
After a week
6 up, 6 down
typical move ±11.6%
After a month
7 up, 5 down
typical move ±11.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 11, 2026 +0.2% −0.1% −0.2% +2.3%
May 11, 2026 +11.1% +0.1% +19.0% +24.9%
March 24, 2026 −10.9% +0.2% −6.3% +4.3%
January 23, 2026 −4.5% +0.5% −1.1% −10.5%
November 12, 2025 −30.1% −1.6% −32.0% −7.6%
August 13, 2025 +10.7% +0.4% +11.9% +23.6%
May 14, 2025 −12.0% +0.6% −11.6% −17.9%
March 25, 2025 −17.0% −1.0% −14.9% −10.4%
January 21, 2025 +15.6% +1.5% +15.3% +8.2%
November 12, 2024 +6.3% −0.3% +5.6% +2.5%
August 12, 2024 +14.9% +1.7% +17.4% +20.2%
May 13, 2024 −5.0% +0.5% +3.5% −0.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Sanara Medtech Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Sanara Medtech Inc.
$60M $80M $100M $120M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $62.6M Revenue (TTM), FY23 Q4: $65M Revenue (TTM), FY24 Q1: $68M Revenue (TTM), FY24 Q2: $72.4M Revenue (TTM), FY24 Q3: $78.1M Revenue (TTM), FY24 Q4: $86.7M Revenue (TTM), FY25 Q1: $91.6M Revenue (TTM), FY25 Q2: $97.2M Revenue (TTM), FY25 Q3: $101.9M Revenue (TTM), FY25 Q4: $103.1M Revenue (TTM), FY26 Q1: $107.5M Revenue (TTM), FY26 Q2: $109.8M $109.8M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $62.6M
FY23 Q4 $65M
FY24 Q1 $68M
FY24 Q2 $72.4M
FY24 Q3 $78.1M
FY24 Q4 $86.7M
FY25 Q1 $91.6M
FY25 Q2 $97.2M
FY25 Q3 $101.9M
FY25 Q4 $103.1M
FY26 Q1 $107.5M
FY26 Q2 $109.8M
Revenue growth, TTM YoY Sanara Medtech Inc.
0% 20% 40% 60% 80% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 66.7% Revenue growth, TTM YoY, FY23 Q4: 41.8% Revenue growth, TTM YoY, FY24 Q1: 27.0% Revenue growth, TTM YoY, FY24 Q2: 21.4% Revenue growth, TTM YoY, FY24 Q3: 24.7% Revenue growth, TTM YoY, FY24 Q4: 33.4% Revenue growth, TTM YoY, FY25 Q1: 34.7% Revenue growth, TTM YoY, FY25 Q2: 34.3% Revenue growth, TTM YoY, FY25 Q3: 30.5% Revenue growth, TTM YoY, FY25 Q4: 19.0% Revenue growth, TTM YoY, FY26 Q1: 17.4% Revenue growth, TTM YoY, FY26 Q2: 13.0% 13.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 66.7%
FY23 Q4 41.8%
FY24 Q1 27.0%
FY24 Q2 21.4%
FY24 Q3 24.7%
FY24 Q4 33.4%
FY25 Q1 34.7%
FY25 Q2 34.3%
FY25 Q3 30.5%
FY25 Q4 19.0%
FY26 Q1 17.4%
FY26 Q2 13.0%
Operating margin (TTM) Sanara Medtech Inc.
-15% -10% -5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -11.4% Operating margin (TTM), FY23 Q4: -6.5% Operating margin (TTM), FY24 Q1: -6.7% Operating margin (TTM), FY24 Q2: -7.7% Operating margin (TTM), FY24 Q3: -5.0% Operating margin (TTM), FY24 Q4: -1.6% Operating margin (TTM), FY25 Q1: 1.1% Operating margin (TTM), FY25 Q2: 6.5% Operating margin (TTM), FY25 Q3: 8.4% Operating margin (TTM), FY25 Q4: 7.1% Operating margin (TTM), FY26 Q1: 8.5% Operating margin (TTM), FY26 Q2: 7.7% 7.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -11.4%
FY23 Q4 -6.5%
FY24 Q1 -6.7%
FY24 Q2 -7.7%
FY24 Q3 -5.0%
FY24 Q4 -1.6%
FY25 Q1 1.1%
FY25 Q2 6.5%
FY25 Q3 8.4%
FY25 Q4 7.1%
FY26 Q1 8.5%
FY26 Q2 7.7%
FCF margin (TTM) Sanara Medtech Inc.
-10% -5% 0% 5% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -5.3% FCF margin (TTM), FY23 Q4: -5.4% FCF margin (TTM), FY24 Q1: -5.0% FCF margin (TTM), FY24 Q2: -4.3% FCF margin (TTM), FY24 Q3: -2.6% FCF margin (TTM), FY24 Q4: -0.3% FCF margin (TTM), FY25 Q1: -2.5% FCF margin (TTM), FY25 Q2: 0.1% FCF margin (TTM), FY25 Q3: -0.8% FCF margin (TTM), FY25 Q4: 2.1% FCF margin (TTM), FY26 Q1: 3.1% FCF margin (TTM), FY26 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -5.3%
FY23 Q4 -5.4%
FY24 Q1 -5.0%
FY24 Q2 -4.3%
FY24 Q3 -2.6%
FY24 Q4 -0.3%
FY25 Q1 -2.5%
FY25 Q2 0.1%
FY25 Q3 -0.8%
FY25 Q4 2.1%
FY26 Q1 3.1%
FY26 Q2 4.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1 2 1 2 3 3 6 6 6 12 16 24 46 65 87 103 110
Gross profit 0 1 0 1 2 2 5 5 5 11 14 22 39 57 79 96 102
EBITDA −2 −5 — — — −1 −0 0 −0 −3 −5 −7 −10 −1 6 11 11
Operating income −2 −5 — — — −1 −0 0 −1 −3 −5 −7 −13 −4 1 7 8
Net income −7 −13 −2 −4 −2 −1 −0 0 −1 −3 −4 −8 −8 −4 −10 −38 −32
Diluted EPS −$9.50 −$11.50 −$1.50 −$2.50 −$1.50 −$1.00 −$0.50 $0.00 $0.00 −$1.32 −$0.76 −$1.08 −$1.00 −$0.52 −$1.14 −$4.36 −$3.70
Growth (year on year)
Revenue — +142.7% −46.9% +47.1% +52.5% +28.1% +63.3% +14.5% −7.4% +101.6% +32.5% +54.9% +89.9% +41.8% +33.4% +19.0% +13.0%
EBITDA — — — — — — — — −307.9% — — — — — — +82.0% +4.1%
Operating income — — — — — — — — — — — — — — — — +32.5%
Net income — — — — — — — — −281.3% — — — — — — — —
Margins
Gross margin 40.9% 63.8% 32.0% 54.1% 69.5% 73.5% 82.9% 87.2% 91.3% 89.7% 89.6% 90.4% 86.1% 87.9% 90.6% 92.7% 93.0%
EBITDA margin −220.1% −205.7% — — — −26.8% −3.8% 3.2% −7.2% −22.3% −30.4% −28.1% −22.1% −0.8% 7.1% 10.9% 9.9%
Operating margin −271.9% −226.9% — — — −28.6% −4.9% 1.9% −8.6% −23.3% −32.3% −30.6% −27.3% −6.5% 1.5% 7.1% 7.7%
Net margin −729.5% −576.6% −157.2% −240.3% −86.5% −39.8% −7.5% 5.3% −10.3% −23.9% −28.5% −32.8% −17.3% −6.6% −11.2% −36.4% −29.2%
Free-cash-flow margin — — — −107.3% −64.4% −35.8% 7.4% −2.9% 4.6% −20.0% −29.4% −20.7% −12.4% −5.4% −0.3% 2.1% 4.1%
Cash flow
Cash from operations −1 −0 −1 −2 −2 −1 0 −0 0 −2 −4 −5 −6 −3 −0 7 6
Capital spending — — — 0 0 0 0 0 0 0 1 0 0 0 0 5 1
Free cash flow — — — −2 −2 −1 0 −0 0 −2 −5 −5 −6 −4 −0 2 5
Stock-based pay — 0 1 — — — — — — 0 1 3 3 3 4 5 5
Free cash flow after stock pay — — — — — — — — — −2 −6 −8 −8 −7 −5 −3 −0
Balance sheet
Cash 0 0 0 0 1 0 1 0 0 7 0 19 9 5 16 17 15
Total debt 0 1 2 3 0 2 2 1 0 2 0 0 0 10 32 47 47
Net debt (negative = net cash) 0 1 2 3 −0 2 1 1 −0 −5 −0 −19 −9 5 16 30 32
Diluted shares — 1m 1m 2m 2m 2m 2m 2m 2m 2m 6m 7m 8m 8m 8m 9m 9m
Returned to shareholders
Buybacks — — — — — — — — — 0 0 — — — — — —
Total returned — — — — — — — — — 0 0 — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 6 checks passed · June 30, 2026
What it owns · $69m
Short-term assets $32mLonger-term assets $37m
What it owes, and who funded it · $69m
Short-term liabilities $12mLonger-term liabilities $49mShareholders' equity $8m
  • Short-term assets cover short-term liabilities $32m of assets due within a year against $12m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $32m short-term assets against $49m of longer-dated liabilities.
  • More cash than debt $15m of cash against $46m of debt.
  • Debt below 40% of shareholders' equity Debt is 585% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $6m of operating cash flow against $46m of debt.
  • Operating profit covers interest at least five times over Operating income of $8m against $7m of interest.

From Sanara Medtech Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+0.3%
year over year
R&D spending
4.5%
of revenue
Sales & admin spending
76.9%
of revenue
Days sales outstanding
42 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in health care equipment
Last 12 months unless stated SMTI XTNT OWLT OM CBLL ANIK Median
Revenue, last 12 months $110m $110m $115m $118m $102m $121m $99m
Revenue growth, last 12 months 13.0% −14.3% 28.2% −1.3% 31.7% 5.3% 9.2%
Revenue growth, 3-year average 22.6% 17.3% 29.3% −3.1% — 0.3% 13.5%
Revenue growth, latest quarter 9.0% −35.0% 29.9% 0.7% 32.5% 15.6% 10.2%
Gross margin 93.0% 59.4% 54.8% 41.8% 88.9% 62.2% 61.2%
Operating margin 7.7% −9.6% −6.3% −56.1% −68.6% −4.2% −8.5%
Operating margin, 3-year average 2.2% −7.3% −17.9% −83.8% −65.1% 0.2% −17.9%
Net margin −29.2% −10.2% −7.7% −63.1% −64.7% −3.1% −12.0%
Cash from operations / revenue 5.2% 0.5% −6.8% −32.5% −53.0% 5.0% −1.9%
Free-cash-flow margin 4.1% −0.6% −7.4% −33.0% −53.7% 0.5% −3.9%
Free-cash-flow margin, 3-year average −0.1% −6.2% −14.1% −70.2% — 0.4% −7.0%
Stock pay / revenue 4.5% 2.7% 11.2% 13.0% 16.1% 10.9% 6.1%
Change in share count 0.3% 4.0% 72.6% 311.4% — −4.0% 4.0%

Median of all 134 companies we cover in health care equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

134 health care equipment companies
Measure Company Peer median Rank
Revenue growth Growth 13.0% 9.1% 55 of 129
Change in growth rate Growth -4.4pp -0.6pp 99 of 129
Gross margin Profitability 93.0% 61.9% 3 of 123
Operating margin Profitability 7.7% -8.3% 36 of 132
Net margin Profitability -29.2% -12.0% 78 of 133
Free-cash-flow margin Cash generation 4.1% -3.4% 45 of 128
Stock pay as % of revenue Cash generation 4.5% 6.1% 56 of 123
Long-term debt as % of assets Balance sheet 67.2% 24.2% 82 of 87
Change in share count Balance sheet 0.3% 3.3% 37 of 115
Days sales outstanding Balance sheet 42 days 57 days 22 of 118

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Soft Tissue Repair Products $91.3M 88.6% ▲ 20.0%
Bone Fusion Products $11.8M 11.4% ▲ 11.6%

From Sanara Medtech Inc.'s 10-K filed March 24, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$42.1M
Institutions reporting
74
Shares held vs prior quarter
▲ 19.6%
Positions opened / closed
15 / 4

Top buyers and sellers, Q2 2026: 47 institutions bought and 19 sold ; the biggest buyer was AQR Capital Management LLC (+72K shares) and the biggest seller Marshall Wace, LLP (−27K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5.9M 249K 13.9% ▲ 8.8%
Vanguard Capital Management LLC $4.6M 195K 10.9% ▲ 28.8%
Royal Bank Of Canada $3.1M 131K 7.3% ▼ 0.3%
Stonebridge Wealth Management, LLC $3.1M 129K 7.3% ▼ 5.4%
AQR Capital Management LLC $2.6M 112K 6.3% ▲ 181.0%
Geode Capital Management, LLC $2.1M 89K 5.0% ▲ 4.1%
Goldman Sachs Group Inc $1.8M 74K 4.2% ▲ 243.7%
Renaissance Technologies LLC $1.6M 67K 3.8% ▲ 4.2%
State Street Corp $1.5M 63K 3.6% ▲ 1.2%
Squarepoint Ops LLC $1.3M 54K 3.0% ▼ 26.9%
Jane Street Group, LLC $1.2M 51K 2.8% ▲ 31.7%
Marshall Wace, LLP $1.2M 49K 2.8% ▼ 35.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sanara Medtech Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

  • August 11, 2026
  • May 11, 2026
  • March 24, 2026
  • January 23, 2026
  • November 12, 2025
  • August 13, 2025

Recent SEC filings

Data status

When each part of this page on Sanara Medtech Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Sanara Medtech Inc. in brief

What does Sanara Medtech Inc. do?
Sanara Medtech Inc. is a US-listed company in the health care equipment industry. Its financial year ends in December.
What is Sanara Medtech Inc.'s stock ticker?
Sanara Medtech Inc. trades under the ticker SMTI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sanara Medtech Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sanara Medtech Inc. reported revenue of $110M, 13.0% higher than a year earlier, according to its SEC filings.
What is Sanara Medtech Inc.'s free cash flow?
Sanara Medtech Inc.'s free-cash-flow margin is 4.1% of revenue over the trailing twelve months, ranking 45 of the 128 health care equipment companies we cover.
Who are Sanara Medtech Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Royal Bank Of Canada. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Sanara Medtech Inc.'s market cap?
On November 2, 2026, Sanara Medtech Inc.'s market capitalisation was about $278M and net debt of $31.9M. Market figures come from third-party market data and may be delayed.
How much debt does Sanara Medtech Inc. have?
Sanara Medtech Inc.'s debt-to-equity ratio is 585.1%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Sanara Medtech Inc.'s competitors?
In our Health Care Equipment peer group, the companies closest to Sanara Medtech Inc. are Xtant Medical Holdings, Inc., Owlet, Inc., Outset Medical, Inc., Ceribell, Inc. and Anika Therapeutics, Inc. The side-by-side comparison below sets their revenue, margins and growth against Sanara Medtech Inc.'s.
When is Sanara Medtech Inc.'s next earnings date?
Around November 11, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sanara Medtech Inc. announces its own schedule.