Record Quarterly Revenue
BrainsWay reported record quarterly revenue of $12.6 million for Q2 2025, a 26% increase compared to the same period last year.
Significant Growth in Deep TMS System Shipments
The company shipped 88 Deep TMS systems during the quarter, representing a 35% increase compared to the same period last year, bringing the total installed base to 1,522 systems.
Strong Gross Margin and Recurring Revenue
The company maintained a strong gross margin of 75%, and 70% of customer engagements are now through multiyear lease agreements, providing stability and visibility into future revenues.
Expansion Through Strategic Investments
BrainsWay made a $5 million investment in Stella MSO as part of a strategy to invest in mental health providers, supported by a $20 million strategic equity investment from Valor Equity Partners.
Strong Cash Position and Increased Revenue Guidance
The company ended the quarter with $78.3 million in cash and raised full-year 2025 revenue guidance to $50-$52 million, representing 22%-27% growth over 2024.