$BWAY

Brainsway Ltd.

CIK:0001505065|SEC Filings

ADDITIONAL INFORMATION TO THE STATEMENTS OF COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Additional Information To Statements Of Comprehensive Profit
Revenues from sale	$ 35,044	$ 22,413	$ 20,372
Revenues from lease	12,160	14,501	8,523
Revenues from sale related service	3,862	3,412	2,311
Revenues from other service	1,159	690	579
Total revenue	$ 52,225	$ 41,016	$ 31,785

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Total comprehensive profit (loss)	$ 7,575	$ 2,921	$ (4,197)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:
Depreciation and amortization	665	660	362
Depreciation of leased systems	873	1,111	975
Impairment and disposal of inventory and system components	40	1,519	1,447
Finance income, net	(3,620)	(2,068)	(1,013)
Cost of share-based payment	1,196	1,441	381
Income taxes	135	538	251
Total adjustments to reconcile loss	(711)	3,201	2,403
Changes in asset and liability items:
Increase in inventory	(1,396)	(920)	(506)
Decrease (increase) in trade receivables	607	(867)	1,089
Decrease (increase) in other current assets	(996)	1,649	(312)
Increase (decrease) in trade payables	(476)	2,119	(327)
Decrease (increase) in other financial assets	768
Increase in other accounts payable	400	129	62
Increase in deferred revenues	9,254	277	1,629
Total changes in asset and liability	8,161	2,387	(1,635)
Interest paid	(298)	(124)	(253)
Interest received	3,399	2,922	1,707
Income taxes paid	(638)	(1,009)	(11)
Total cash received during the year	2,463	1,789	1,443
Net cash provided by operating activities	17,488	10,298	1,284
Cash flows from investing activities:
Proceeds from purchase of property and equipment and system components, net	(2,340)	(3,794)	(2,387)
Purchase of financial assets measured at fair value	(14,494)
Withdrawal of restricted cash	20
Procceds from Deposits	20
Proceeds from lease assets		76
Proceeds from short-term bank deposits		35,000
Investment in short-term bank deposits	(20)		(35,000)
Investment in Commission asset	(652)	(971)	(22)
Net cash provided by (used in) investing activities	(17,466)	30,311	(37,409)
Cash flows from financing activities:
Proceeds from government grants			32
Repayment of liability in respect of research and development grants	(1,196)	(1,108)	(787)
Repayment of lease liabilities	(832)	(424)	(271)
Issuance of share capital, net
Exercise of share options		17
Issuance of warrants liability		3,425
Withdrawal of Investments in financial liability	319
Proceeds from issuance of shares, net		16,353
Net cash provided by (used in) financing activities	(1,709)	18,263	(1,026)
Exchange rate differences on balance of cash and cash equivalents	42	(47)	90
Increase (decrease) in cash and cash equivalents	(1,645)	58,825	(37,061)
Cash and cash equivalents at the beginning of the year	69,345	10,520	47,581
Cash and cash equivalents at the end of the year	67,700	69,345	10,520
(a) Significant non-cash transactions:
Right-of-use asset recognized with corresponding lease liability	$ 827	$ 5,548	$ 308

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 67,700	$ 69,345
Restricted cash	251	271
Trade receivables, net	4,111	4,596
Inventory	6,523	4,426
Other current financial assets	1,432
Other current assets	3,807	1,032
Total current assets	83,824	79,670
NON-CURRENT ASSETS:
System components	1,584	1,707
Leased systems, net	4,860	3,959
Other property and equipment, net	788	752
Right-of-use assets	5,548	5,530
Other long-term assets	1,931	2,698
Other non-current financial assets	14,656
Total non-current assets	29,367	14,646
Total assets	113,191	94,316
CURRENT LIABILITIES:
Trade payables	2,428	2,868
Deferred revenues	10,551	4,434
Liability in respect of government grants	1,679	1,293
Current maturities of lease liabilities	1,075	824
Other accounts payable	6,762	5,927
Total current liabilities	22,495	15,346
NON-CURRENT LIABILITIES:
Deferred revenues	6,762	3,625
Liability in respect of government grants	5,029	5,803
Lease liabilities	5,742	4,800
Warrants liability		2,429
Total non-current liabilities	17,533	16,657
EQUITY:
Share capital Ordinary shares of NIS 0.04 par value: Authorized- 120,000,000 ordinary shares; Issued and outstanding- 39,165,805 ordinary shares on December 31, 2025 and 37,626,427 ordinary shares on December 31, 2024	430	413
Share premium	162,221	157,597
Reserve for share-based payment	3,506	4,872
Currency translation adjustments	(2,188)	(2,188)
Accumulated deficit	(90,806)	(98,381)
Total equity	73,163	62,313
Total equity and liabilities	$ 113,191	$ 94,316