Israel's BrainsWay Q3 revenue rises on OCD coil sales
BWAY•BrainsWay's third-quarter revenue rose 34% year over year to $18.15 million, while operating income more than doubled to $2.59 million. The company expects full-year 2026 revenue, operating income margin and adjusted EBITDA to be at the upper end of guidance or above.
1. Quarterly results
BrainsWay reported third-quarter revenue of $18.15 million, up 34% year over year. Operating income more than doubled to $2.59 million, net income was $2.22 million and adjusted EBITDA rose 92%.
2. Sales and outlook
The company said growth was driven by increased adoption of Deep TMS systems and recurring revenue momentum. System shipments rose 44% year over year to 130 units, while OCD coil sales increased 17%. BrainsWay expects 2026 revenue, operating income margin and adjusted EBITDA to reach the upper end of guidance or above.
