Nuwellis, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $8.3M | $8.7M | $8.9M | $8.5M | $7.9M |
| Gross profit | $5.1M | $5.7M | $5.0M | $4.8M | $4.5M |
| Operating income | -$11.1M | -$11.0M | -$17.6M | -$17.2M | -$19.5M |
| Operating expenses | $16.2M | $16.7M | $22.6M | $21.9M | $24.0M |
| Cost of revenue | $3.1M | $3.1M | $3.9M | $3.8M | $3.4M |
| Cash from operations | -$10.8M | -$9.6M | -$17.9M | -$15.1M | -$17.8M |
| Capital expenditure | $90,000 | $60,000 | $149,000 | $122,000 | $219,000 |
| Free cash flow | -$10.9M | -$9.7M | -$18.1M | -$15.3M | -$18.1M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
| Total assets | $6.1M | $9.9M | $9.8M | $24.7M | $30.4M |
| Total liabilities | $3.5M | $3.3M | $6.6M | $12.3M | $4.5M |
Shares outstanding 2.7M · Free float 33.8%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.