Sanara Medtech Inc. income statement
In fiscal 2025, Sanara Medtech Inc. reported revenue of $103m, up 19.0% on the year before, operating income of $7.3m (a 7.1% margin) and net income of −$37.6m, or −$4.36 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 2 | 1 | 2 | 3 | 3 | 6 | 6 | 6 | 12 | 16 | 24 | 46 | 65 | 87 | 103 | 110 |
| Cost of revenue | — | — | — | — | — | — | — | 1 | 1 | 1 | 2 | 2 | 6 | 8 | 8 | 8 | 8 |
| Gross profit | 0 | 1 | 0 | 1 | 2 | 2 | 5 | 5 | 5 | 11 | 14 | 22 | 39 | 57 | 79 | 96 | 102 |
| Research and development | — | — | — | — | — | — | — | — | — | — | 0 | 1 | 3 | 4 | 3 | 5 | 5 |
| Selling, general and administrative | 2 | 3 | — | — | — | — | — | — | — | — | — | 28 | 46 | 57 | 72 | 79 | 84 |
| General and administrative | — | — | 6 | 4 | 4 | 3 | 4 | 5 | 6 | 13 | 19 | — | — | — | — | — | — |
| Operating income | −2 | −5 | — | — | — | −1 | −0 | 0 | −1 | −3 | −5 | −7 | −13 | −4 | 1 | 7 | 8 |
| Interest expense | −1 | −0 | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 7 |
| Income before tax | −7 | −13 | −2 | — | — | — | — | — | — | — | — | −8 | −14 | −4 | −2 | −0 | — |
| Income tax | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | −6 | — | 0 | — | — |
| 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 |
| Diluted shares (average) | — | 1m | 1m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 6m | 7m | 8m | 8m | 8m | 9m | 9m |
| EBITDA | −2 | −5 | — | — | — | −1 | −0 | 0 | −0 | −3 | −5 | −7 | −10 | −1 | 6 | 11 | 11 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 26 | 23 | 26 | 26 | 28 | 28 | 28 |
| Cost of revenue | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Gross profit | 20 | 24 | 22 | 24 | 24 | 26 | 26 | 26 |
| Research and development | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Selling, general and administrative | 17 | 20 | 19 | 20 | 20 | 20 | 22 | 23 |
| Operating income | 1 | 2 | 1 | 2 | 3 | 1 | 3 | 2 |
| Interest expense | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Net income | −3 | −2 | −4 | −2 | −30 | −2 | 0 | −0 |
| Diluted EPS | −$0.34 | −$0.18 | −$0.41 | −$0.23 | −$3.40 | −$0.32 | $0.05 | −$0.05 |
| EBITDA | 1 | 4 | 2 | 3 | 4 | 2 | 3 | 2 |
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