Nuwellis, Inc. (NUWE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.4M | 2.42M | 2.22M | 1.73M | 1.9M | 2.32M | 2.37M | 2.19M | 1.86M | 2.55M | 2.41M | 2.08M | 1.83M | 2.34M | 2.06M | 2.21M | 1.93M | 1.64M | 1.85M | 2.51M |
| Revenue Growth % | 26.21% | 4.39% | -6.34% | -21.38% | 2.53% | -8.98% | -1.87% | 5.73% | 1.7% | 9.06% | 16.8% | -6.24% | -5.19% | 42.45% | 11.44% | -11.76% | 0.42% | -19.67% | -2.68% | 34.62% |
| Cost of Goods Sold | 719K | 770K | 772K | 767K | 837K | 817K | 711K | 720K | 666K | 1.16M | 1.03M | 928K | 759K | 1.01M | 806K | 1.15M | 824K | 748K | 733K | 997K |
| COGS % of Revenue | 29.92% | 31.77% | 34.82% | 44.46% | 43.96% | 35.19% | 30.04% | 32.82% | 35.86% | 45.59% | 42.74% | 44.72% | 41.57% | 43.1% | 39.03% | 51.97% | 42.78% | 45.55% | 39.56% | 39.75% |
| Gross Profit | 1.68M | 1.65M | 1.45M | 958K | 1.07M | 1.5M | 1.66M | 1.47M | 1.19M | 1.39M | 1.38M | 1.15M | 1.07M | 1.33M | 1.26M | 1.06M | 1.1M | 894K | 1.12M | 1.51M |
| Gross Margin % | 70.08% | 68.23% | 65.18% | 55.54% | 56.04% | 64.81% | 69.96% | 67.18% | 64.14% | 54.41% | 57.26% | 55.28% | 58.43% | 56.9% | 60.97% | 48.03% | 57.22% | 54.45% | 60.44% | 60.25% |
| Gross Profit Growth % | 57.83% | 9.9% | -12.74% | -35.01% | -10.41% | 8.43% | 19.91% | 28.51% | 11.62% | 4.28% | 9.69% | 7.9% | -3.18% | 48.88% | 12.41% | -29.65% | 14.08% | -22.06% | 27.56% | 26.02% |
| Operating Expenses | 6.05M | 4.1M | 4.14M | 3.86M | 4.13M | 3.89M | 3.19M | 3.79M | 5.94M | 4.98M | 4.54M | 6.17M | 6.92M | 5.87M | 5.18M | 5.36M | 5.52M | 5.22M | 6.37M | 6.24M |
| OpEx % of Revenue | 251.73% | 169.02% | 186.83% | 224% | 216.75% | 167.61% | 134.69% | 172.93% | 319.87% | 195.26% | 188.43% | 297.3% | 378.86% | 250.75% | 250.8% | 242.39% | 286.5% | 318.21% | 343.82% | 248.68% |
| Selling, General & Admin | 4.53M | 3.21M | 3.54M | 0 | 0 | 0 | 2.7M | 3.24M | 0 | 3.61M | 3.43M | 4.66M | 5.49M | 4.66M | 4.25M | 4.26M | 4.41M | 4.09M | 4.64M | 5.06M |
| SG&A % of Revenue | 188.31% | 132.55% | 159.63% | - | - | - | 114.15% | 147.49% | - | 141.47% | 142.12% | 224.77% | 300.66% | 199.4% | 205.86% | 192.36% | 229.08% | 249.33% | 250.67% | 201.87% |
| Research & Development | 1.52M | 884K | 603K | 675K | 550K | 831K | 486K | 558K | 1.33M | 1.37M | 1.12M | 1.5M | 1.43M | 1.2M | 928K | 1.11M | 1.11M | 1.13M | 1.73M | 1.17M |
| R&D % of Revenue | 63.42% | 36.47% | 27.2% | 39.13% | 28.89% | 35.79% | 20.53% | 25.43% | 71.84% | 53.78% | 46.31% | 72.53% | 78.2% | 51.35% | 44.94% | 50.02% | 57.42% | 68.88% | 93.15% | 46.81% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 17K | 0 | -21K | -19K | -2K |
| Operating Income | -4.37M | -2.44M | -2.7M | -2.91M | -3.06M | -2.39M | -1.53M | -2.32M | -4.75M | -3.59M | -3.16M | -5.02M | -5.85M | -4.53M | -3.92M | -4.3M | -4.42M | -4.33M | -5.25M | -4.73M |
| Operating Margin % | -181.65% | -100.78% | -121.65% | -168.46% | -160.71% | -102.8% | -64.72% | -105.74% | -255.74% | -140.85% | -131.18% | -242.02% | -320.43% | -193.84% | -189.83% | -194.35% | -229.28% | -263.76% | -283.38% | -188.44% |
| Operating Income Growth % | -42.65% | -2.35% | -76.04% | -25.26% | 35.57% | 33.57% | 51.58% | 53.8% | 18.83% | 20.75% | 19.29% | -16.76% | -32.5% | -4.69% | 25.35% | 8.99% | 15.37% | -1.1% | -23.35% | -20.56% |
| EBITDA | -4.33M | -2.08M | -2.65M | -2.86M | -2.99M | -2.3M | -1.46M | -2.25M | -4.67M | -3.48M | -3.08M | -4.94M | -5.76M | -4.46M | -3.83M | -4.2M | -4.31M | -4.23M | -5.12M | -4.6M |
| EBITDA Margin % | -180.07% | -85.89% | -119.71% | -165.57% | -156.88% | -99.22% | -61.51% | -102.32% | -251.64% | -136.57% | -127.69% | -238.02% | -315.72% | -190.81% | -185.23% | -189.79% | -223.83% | -257.37% | -276.52% | -183.25% |
| EBITDA Growth % | -44.86% | 9.64% | -82.28% | -27.22% | 36.08% | 33.87% | 52.73% | 54.55% | 18.94% | 21.94% | 19.48% | -17.6% | -33.73% | -5.61% | 25.35% | 8.62% | 15.34% | -1.56% | -23.32% | -19.87% |
| D&A (Non-Cash Add-back) | 38K | 361K | 43K | 50K | 73K | 83K | 76K | 75K | 76K | 109K | 84K | 83K | 86K | 71K | 95K | 101K | 105K | 105K | 127K | 130K |
| EBIT | -4.34M | -2.42M | 468K | -2M | -3.01M | -2.24M | 2.36M | -2.12M | -4.33M | -2.68M | -3.37M | -4.84M | -6.48M | 7.37M | -3.87M | -4.28M | -4.42M | -4.35M | -5.27M | -4.73M |
| Net Interest Income | 0 | 0 | 0 | -10.55M | 0 | 5.61M | 0 | -5.61M | 0 | -3.48M | 0 | 0 | 0 | 0 | 0 | 0 | -55K | -21K | -19K | -2K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.25M | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 10.55M | 0 | -5.61M | 0 | 5.61M | 0 | 3.48M | 0 | 0 | 0 | 9.25M | 0 | 0 | 55K | 21K | 19K | 2K |
| Other Income/Expense | 27K | 21K | 3.17M | -9.64M | 47K | 920K | 3.89M | -5.4M | 421K | -1.91M | -204K | 179K | -632K | 2.64M | 52K | 17K | -55K | -21K | -19K | -2K |
| Pretax Income | -4.34M | -2.42M | 468K | -12.55M | -3.01M | -1.47M | 2.36M | -7.72M | -4.33M | -5.51M | -3.37M | -4.84M | -6.48M | -1.89M | -3.87M | -4.28M | -4.47M | -4.35M | -5.27M | -4.73M |
| Pretax Margin % | -180.52% | -99.92% | 21.11% | -727.48% | -158.25% | -63.18% | 99.62% | -352.01% | -233.06% | -215.88% | -139.64% | -233.4% | -355.04% | -80.93% | -187.31% | -193.58% | -232.14% | -265.04% | -284.4% | -188.52% |
| Income Tax | 0 | 0 | 0 | 4K | 1K | 1K | 0 | 2K | 2K | 2K | 2K | 2K | 2K | 3K | 2K | 2K | 2K | 2K | 2K | 3K |
| Effective Tax Rate % | 0% | 0% | 0% | -0.03% | -0.03% | -0.07% | 0% | -0.03% | -0.05% | -0.04% | -0.06% | -0.04% | -0.03% | -0.16% | -0.05% | -0.05% | -0.04% | -0.05% | -0.04% | -0.06% |
| Net Income | -4.34M | -2.42M | 468K | -12.55M | -3.01M | -1.47M | 2.36M | -7.72M | -4.33M | -5.51M | -3.37M | -4.84M | -6.49M | -1.9M | -3.87M | -4.29M | -4.47M | -4.35M | -5.27M | -4.73M |
| Net Margin % | -180.52% | -99.92% | 21.11% | -727.71% | -158.3% | -63.22% | 99.62% | -352.1% | -233.17% | -215.95% | -139.72% | -233.49% | -355.15% | -81.06% | -187.41% | -193.67% | -232.24% | -265.16% | -284.51% | -188.64% |
| Net Income Growth % | -43.93% | -64.99% | -80.15% | -62.5% | 30.39% | 73.35% | 169.97% | -59.44% | 33.23% | -190.56% | 12.92% | -13.04% | -44.98% | 56.45% | 26.59% | 9.41% | 14.33% | -41.09% | -23.76% | -20.63% |
| Net Income (Continuing) | -4.34M | -2.42M | 468K | -12.55M | -3.01M | -1.47M | 2.36M | -7.72M | -4.33M | -5.51M | -3.37M | -4.84M | -6.49M | -1.9M | -3.87M | -4.29M | -4.47M | -4.35M | -5.27M | -4.73M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -73.15 | -52.50 | 19.60 | -2134.65 | -24.15 | -15.40 | 2557.80 | -660.10 | -738.50 | -1906.80 | -2214.45 | -4468.45 | -7055.30 | -6128.50 | -45150.00 | -50003.45 | -52185.00 | -50627.85 | -90986.35 | -88737.95 |
| EPS Growth % | -202.9% | -240.91% | -99.23% | -223.38% | 96.73% | 99.19% | 215.51% | 85.23% | 89.53% | 68.89% | 95.1% | 91.06% | 86.48% | 87.89% | 50.38% | 43.65% | 65.64% | 63.39% | 52.34% | 73.43% |
| EPS (Basic) | -73.15 | -52.50 | 19.60 | -2134.65 | -24.15 | -15.40 | 2557.80 | -660.10 | -738.50 | -1906.80 | -2214.45 | -4468.45 | -7055.30 | -6128.50 | -45150.00 | -50003.45 | -52185.00 | -50627.85 | -90986.35 | -88737.95 |
| Diluted Shares Outstanding | 59.28K | 46.12K | 23.9K | 5.88K | 124.97K | 96.22K | 38.63K | 11.71K | 5.13K | 2.89K | 1.52K | 1.08K | 919 | 309 | 86 | 86 | 86 | 86 | 58 | 53 |
| Basic Shares Outstanding | 59.28K | 46.12K | 23.9K | 5.88K | 124.97K | 96.22K | 38.63K | 11.71K | 5.13K | 2.89K | 1.52K | 1.08K | 919 | 309 | 86 | 86 | 86 | 86 | 58 | 53 |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |