Nuwellis, Inc. (NUWE)

Nasdaq: NUWE · Electromedical & Electrotherapeutic Apparatus · Eden Prairie, MN · filing with the SEC since 2010

Grade3.0

◀ Past 3.3● Present 2.3▶ Future 3.5

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 11, 2026	Mar 11, 2025	Mar 11, 2024	Mar 3, 2023	Mar 3, 2022	Mar 25, 2021	Mar 5, 2020	Feb 21, 2019	Mar 22, 2018	Mar 8, 2017
Revenue	8,270	8,740	8,864	8,543	7,921	7,441	5,511	4,998	3,553	1,289
Cost of revenue	3,146	3,064	3,881	3,788	3,430	3,384	2,660	3,670	2,763	713
Gross profit	5,124	5,676	4,983	4,755	4,491	4,057	·	·	·	·
Research and development	2,712	3,209	5,422	4,342	4,978	3,668	4,672	3,053	1,481	8,109
Selling, general and administrative	13,518	13,455	17,191	17,584	19,039	17,417	16,285	15,311	10,170	8,129
Total operating expenses	16,230	16,664	22,613	21,926	24,017	21,085	·	22,034	18,365	16,951
Total costs and expenses	·	·	·	·	·	24,469	23,617	22,034	·	·
Operating income	-11,106	-10,988	-17,630	-17,171	-19,526	-17,028	-18,106	-17,036	-14,812	-15,662
Interest expense	·	·	·	·	·	·	·	·	·	504
Other income (expense), net	10	-80	154	75	-19^r	-1	0	10	1,436	-184
Total non-operating income (expense)	·	·	·	·	·	·	·	·	·	2
Income before income taxes	-17,516	-11,160	-20,201	-14,516	-19,545^r	-15,827	-18,106	-17,026	-13,376	-15,846
Income tax expense	5	5	8	9	9	9	8	6	6	-54
Net income	-17,521	-11,165	-20,209	-14,525	-19,554^r	-15,836	-18,114	-17,032	-13,382	-15,792
Preferred dividends	·	0	121	0	·	·	·	·	·	·
Net income to common shareholders	-17,517	-10,624	-22,627	-14,525	-19,620^r	-17,593	-22,623	-17,032	-24,972	-17,692^r
Earnings per share, basic	-25.39	-353.30^r	-15,122.52^rb	-3,509.10^b	-11,985.12^rb	-44,365.86^b	·	·	·	·
Earnings per share, diluted	-25.39	-353.30^r	-15,122.52^rb	-3,509.10^b	-11,985.12^rb	-44,365.86^b	·	·	·	·
Earnings per share, basic and diluted	·	·	·	·	·	-44,365.86^b	-1,159,666.20^rb	-175,218.12^b	-2,182,991.58^rb	-2,229,186.96^rb
Weighted average shares, basic	690,145	31,601^r	1,336^rb	4,139^rb	1,643^rb	397^b	·	·	·	·
Weighted average shares, diluted	690,145	31,601^r	1,336^rb	4,139^rb	1,643^rb	397^b	·	·	·	·
Weighted average shares, basic and diluted	·	·	·	·	·	397^b	19^rb	97^b	12^rb	8^rb

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-42 reverse split of Jul 2025.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it sold

us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:SalesRevenueNet

Cost of revenue what it cost to make or buy what it sold

us-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfGoodsSold

Gross profit revenue less the cost of what it soldus-gaap:GrossProfit

Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyus-gaap:SellingGeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:CostsAndExpenses

Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss

Interest expense what its borrowing costus-gaap:InterestExpense

Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted

SI Assistanton NUWE · research, not advice