BrainsWay Reports Strong Q3 2026 Growth with 34% Revenue Increase
BrainsWay (BWAY) delivered robust third-quarter 2026 financial results, highlighted by a 34% year-over-year revenue increase to $18.1 million. This growth was primarily driven by the shipment of 130 Deep TMS units and significant momentum in recurring revenue. The company also saw substantial improvements in profitability, with operating income rising 107% and gross margins expanding to 78% due to lower material costs and reduced royalty payments. Strategic expansion remains a core focus, as evidenced by the growth of the global installed base to 2,080 systems and expanded reimbursement coverage for the SWIFT protocol. With $63.4 million in cash on hand and a healthy book-to-bill ratio of 1.3x to 1.4x, management has raised its full-year 2026 guidance to the upper end of previous ranges, signaling strong visibility into future growth.
Tickers: $BWAY
Topics: EBITDA gross margin expansion operating income revenue growth system shipments