SANUWAVE Health, Inc. (SNWV) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SNWV Revenue Growth
Revenue Breakdown (FY 2024)
SNWV's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SNWV Revenue Analysis (2013–2024)
As of May 8, 2026, SANUWAVE Health, Inc. (SNWV) generated trailing twelve-month (TTM) revenue of $41.3 million, reflecting exceptional growth of +22.3% year-over-year. The most recent quarter (Q3 2025) recorded $11.5 million in revenue, up 12.7% sequentially.
Looking at the longer-term picture, SNWV's 5-year compound annual growth rate (CAGR) stands at +99.7%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $32.6 million in 2024, representing a new all-time high.
Revenue diversification analysis shows SNWV's business is primarily driven by Consumables and Parts (65%), System Revenue (35%), and License Fees and Other (0%). With over half of revenue concentrated in Consumables and Parts, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including MLSS (+7.8% YoY), XTNT (+16.9% YoY), and LNTH (+0.6% YoY), SNWV has underperformed the peer group in terms of revenue growth. Compare SNWV vs MLSS →
SNWV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SNWVCurrent | $41M | +22.3% | +99.7% | 16.6% | |
 MLSS | $9M | +7.8% | +0.6% | -78.3% | |
 XTNT | $117M | +16.9% | +12.6% | -10.3% | |
 LNTH | $1.5B | +0.6% | +35.3% | 20.2% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 ANIK | $113M | +23.2% | -2.9% | -9.8% |
SNWV Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $32.6M | +60.0% | $24.6M | 75.2% | $5.4M | 16.6% |
| 2023 | $20.4M | +21.8% | $14.4M | 70.4% | $-540,000 | -2.6% |
| 2022 | $16.7M | +28.7% | $12.4M | 74.1% | $-8,952,000 | -53.5% |
| 2021 | $13.0M | +220.7% | $8.0M | 61.7% | $-14,142,000 | -108.7% |
| 2020 | $4.1M | +294.4% | $2.9M | 71.4% | $-25,200,000 | -621.1% |
| 2019 | $1.0M | -44.4% | $490K | 47.6% | $-8,794,348 | -854.9% |
| 2018 | $1.9M | +150.5% | $1.2M | 62.5% | $-7,180,258 | -388.1% |
| 2017 | $739K | -46.3% | $497K | 67.2% | $-3,824,446 | -517.8% |
| 2016 | $1.4M | +42.5% | $811K | 58.9% | $-3,316,499 | -241.0% |
| 2015 | $966K | +13.9% | $681K | 70.5% | $-4,437,778 | -459.6% |
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Start ComparisonSNWV — Frequently Asked Questions
Quick answers to the most common questions about buying SNWV stock.
Is SNWV's revenue growth accelerating or slowing?
SNWV revenue is accelerating at +22.3% year-over-year, exceeding the 5-year CAGR of +99.7%. TTM revenue reached $41M. Growth momentum has increased versus prior periods.
What is SNWV's long-term revenue growth rate?
SANUWAVE Health, Inc.'s 5-year revenue CAGR of +99.7% reflects the sustained expansion pattern. Current YoY growth of +22.3% is above this long-term average.
How is SNWV's revenue distributed by segment?
SNWV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.