Brainsway Ltd. (BWAY)

Nasdaq: BWAY · Surgical & Medical Instruments & Apparatus · Jerusalem, IL · filing with the SEC since 2011

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Grade6.2

◀ Past 5.9● Present 5.7▶ Future 7.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Brainsway Ltd.

Nine metrics read from its own filings, by tense

Headline grade

6.2/10

◀ Past5.930% of the headline

● Present5.740% of the headline

▶ Future7.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.9/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed

8.3/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 83rd percentile among 121 sector filers · read for itself

From the record

Brainsway Ltd.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

5.2/10

What has it actually done, year after year?

+20.5% a year over 8 filed years; profitable in 1 of 8.

weight 45% of this tense · 51st percentile among 105 sector filers · read for its customers

From the record

Brainsway Ltd.'s 8 filed years say what it did: revenue went from $11 million in fiscal 2017 to $41 million in fiscal 2024, up 20.5% a year; it rose in 5 of 7 years; the deepest fall was 8% from fiscal 2021 to fiscal 2022; net income was positive in 1 of 8 of those years (its annual reports).

What it rests on

revenue growth over the filed span20.5%top 38% of its family
the share of years revenue rosebottom 39% of its family
the share of filed years with a profittop 45% of its family
the deepest fall from a revenue peak8.4%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

3.8/10

How has it treated the people who own it?

Share count grew 2.9% a year. 0% of cash flow returned. Insiders: 7 sales, 0 purchases.

weight 22% of this tense · 38th percentile among 40 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Brainsway Ltd.'s diluted share count grew about 2.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 38% of its family
cash returned against operating cash flowbottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.3/10

Is it financially healthy right now?

ROE 5%: 5¢ of profit per shareholder dollar. Leverage 34%: owes 34¢ per asset dollar.

weight 45% of this tense · 63rd percentile among 120 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Brainsway Ltd. earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 32 cents per dollar of everything the company owns. Leverage: it owed about 34 cents per dollar of assets, and net share issuance: its share count grew 2.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 35% of its family
return on equitytop 25% of its family
gross profit against assetsbottom 49% of its family
the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.3/10

How strong is its position in its industry?

top 47% of 109 in its family; net margin 7.1%.

weight 33% of this tense · 53rd percentile among 109 sector filers · read for its customers

From the record

Brainsway Ltd.'s standing among 109 graded names in its industry family: revenue of $41 million in fiscal 2024 ranks in the bottom 37% by size; a net margin of 7.1% ranks in the top 24%; revenue growth of 11.4% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

What it rests on

revenue against the family$41.0Mbottom 37% of its family
net margin7.1%top 24% of its family
three-year revenue growth11.4%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 105 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 105 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 105 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Brainsway Ltd.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 105 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

8.1/10

How much room does it have to grow?

top 19% of 104 in its family for room to expand.

weight 45% of this tense · 81st percentile among 104 sector filers · read for itself

From the record

Brainsway Ltd.'s room to grow, from the newest filed statements (fiscal 2024): cash of $69 million against no long-term debt tagged leaves 73.5% of its assets as net cash, top 6% of its family; cash from operations less capital spending is 25.1% of revenue (top 4%); a gross margin of 74.6% (top 23%); research spending of 17.5% of revenue (top 43%) (its annual report).

What it rests on

cash less debt against assets73.5%top 6% of its family
cash from operations less capital spending against revenue25.1%top 4% of its family
gross margin74.6%top 23% of its family
research spending against revenue17.5%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.2/10

What could actually drive growth from here?

top 48% of 105 in its family for growth drivers.

weight 33% of this tense · 52nd percentile among 105 sector filers · read for its customers

From the record

Brainsway Ltd.'s growth drivers, from the filed years to fiscal 2024: revenue grew 11.4% a year over the last three filed years against 20.5% over all 8, slowing (bottom 29% of its family); the newest year grew 29% (top 24%); research spending grew 4% a year (bottom 46%); capital spending grew 4.3% a year (top 43%) (its annual reports). Brainsway Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-9.0 points a yearbottom 29% of its family
the newest year's revenue growth29.0%top 24% of its family
three-year growth of research spending4.0%bottom 46% of its family
three-year growth of capital spending4.3%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

8.6/10

Did its newest year beat what its own record pointed to?

top 14% of 88 in its family for expectations against reality.

weight 22% of this tense · 86th percentile among 88 sector filers · read for its shareholders

From the record

Brainsway Ltd.'s newest year against its own record: revenue of $41 million in fiscal 2024 came in 24.6% above the $33 million its prior three years' pace pointed to (top 7% of its family); net income of $3 million against a prior three-year average of $8 million (top 10%); a net margin of 7.1% against -28% before (top 23%) (its annual reports).

What it rests on

revenue against the prior three years' pace24.6%top 7% of its family
net income against the prior three years' average+137%top 10% of its family
net margin against its prior average+35.2 pointstop 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BWAY · research, not advice