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flag Brainsway exceeded earnings expectations in 2025, posted strong growth, and expanded its treatment approvals and funding.

flag Brainsway reported strong Q4 and full-year 2025 results, with revenue of $14.55 million and EPS of $0.14, exceeding estimates. flag The company saw 27% year-over-year revenue growth, achieved its 10th straight profitable quarter, and expanded its installed base to about 1,700 Deep TMS systems. flag It secured FDA label expansion for adolescents with depression, gained payer coverage advances, and received clearance for an accelerated treatment protocol. flag Brainsway also announced a $2.5 million NIH-funded trial for alcohol use disorder and plans an FDA submission for PTSD. flag It projected 2026 revenue of $66–68 million and adjusted EBITDA of $12–14 million.

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