Flagship explainer

How SANUWAVE Health, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$44.1M · 100%Cost of revenue$10.1M · 23%Gross profit$34M · 77%Operating income$4.9M · 11%Income before tax$11.9M · 27%Income tax$86000 · 0%Net income$11.8M · 27%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$44.1M100%
Cost of revenue$10.1M23%
$34M77%
$4.9M11%
Income before tax$11.9M27%
Income tax$860000%
$11.8M27%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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