BrainsWay posts $17.1M in revenue following 35% growth

• BrainsWay reported record Q2 2026 revenue of $17.1 million, up 35% year-over-year, with adjusted EBITDA increasing 141% to $3.5 million.
• Operating income rose to $2.4 million, while net income reached $2.7 million and operating cash flow was $6.3 million.
• BrainsWay raised full-year 2026 revenue guidance to $68–$70 million and adjusted EBITDA guidance to $13–$14 million.

BrainsWay (NASDAQ:BWAY) reported record second-quarter 2026 revenue of $17.1 million, up 35% year-over-year, while adjusted EBITDA increased 141% to $3.5 million.

Revenue growth accompanied higher profitability, with operating income reaching $2.4 million and net income increasing to $2.7 million during the quarter.

BrainsWay shipped a record 125 Deep TMS systems in Q2, up 42% year-over-year, while remaining performance obligations increased 30% to $80.4 million.

The company ended June with about $62.4 million in cash and restricted cash and generated $6.3 million in operating cash flow during the quarter.

BrainsWay’s installed base reached approximately 1,949 Deep TMS systems, while adjusted EBITDA represented a 20% margin on quarterly revenue.

For full-year 2026, BrainsWay raised its revenue guidance to $68–$70 million and adjusted EBITDA guidance to $13–$14 million, implying company-expected revenue growth of about 30%–34% and adjusted EBITDA growth of approximately 90%–100%.