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Sanuwave Health, Inc. balance sheet

At the end of fiscal 2025, Sanuwave Health, Inc. had total assets of $37.3m, total liabilities of $35.7m and shareholders' equity of $1.6m. It held $12.0m in cash against $22.2m of debt: net debt of $10.3m.

Balance sheet

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

Sanuwave Health, Inc.: balance sheet, annual
Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash and equivalents0400400102211210129
Receivables00000000002243356
Inventory00000000013113467
Total current assets151141111384710182523
Goodwill—————————07777777
Total assets362251111323192022303737
Accounts payable21110111214846433
Deferred revenue (current)——————00000000001
Total current liabilities823261811161236566065451818
Short-term debt——————002017251418256—
Long-term debt——5———5——001———16—
Total debt0052005021322622702213
Total liabilities1488867811171337586167463634
Shareholders' equity−11−2−7−6−2−6−7−10−15−10−14−39−41−45−1623
Net debt (negative = net cash)−0−452−4−05−12−12926215−10104
Shares outstanding—84m84m114m182m252m412m557m623m881m1,412m1,926m2,195m9m9m9m9m

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 Sanuwave Health, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sanuwave Health, Inc.