NASDAQ : SMTI
Sanara MedTech Inc. — Financial statements
Healthcare · Medical Instruments & Supplies · United States
Last price 32.83 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 301.64M
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Financial statements
Sanara MedTech Inc. (SMTI) reported revenue of 109.81M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 109.81M | 103.12M | 86.67M | 64.99M | 45.84M | 24.14M |
| Cost of Revenue | 7.65M | 7.52M | 8.14M | 7.85M | 6.36M | 2.31M |
| Gross Profit | 102.16M | 95.60M | 78.53M | 57.14M | 39.48M | 21.83M |
| Selling, General & Admin | 84.44M | 78.72M | 71.67M | 56.99M | 46.09M | 28.26M |
| Research & Development | 4.98M | 5.07M | 2.83M | 4.13M | 3.07M | 356.21K |
| Operating Expenses | 91.90M | 86.45M | 76.78M | 64.80M | 51.53M | 29.21M |
| Operating Income | 10.26M | 9.15M | 1.75M | -7.67M | -12.05M | -7.38M |
| Interest Expense | -7.26M | -6.76M | -3.13M | -475.78K | -711.00 | |
| Interest & Investment Income | 66.77K | 3.67K | 21.98K | |||
| Earnings From Equity Investments | -1.51M | -952.47K | -90.01K | -379.63K | -616.93K | |
| EBT Excluding Unusual Items | 1.56M | 1.44M | -1.45M | -8.14M | -12.43M | -7.99M |
| Merger & Restructuring Charges | -187.00K | |||||
| Gain (Loss) on Sale of Investments | 251.03K | -1.04M | ||||
| Gain (Loss) on Sale of Assets | -1.38K | 10.93K | ||||
| Asset Writedown | -1.84M | -1.84M | -506.84K | |||
| Other Unusual Items | 14.45K | 3.45M | -284.75K | |||
| Pretax Income | -286.27K | -393.12K | -1.94M | -4.44M | -13.94M | -7.99M |
| Income Tax Expense | -5.84M | |||||
| Earnings From Continuing Operations | -286.27K | -393.12K | -1.94M | -4.44M | -8.09M | -7.99M |
| Earnings From Discontinued Operations | -31.73M | -37.17M | -7.73M | |||
| Net Income to Company | -32.02M | -37.57M | -9.67M | -4.44M | -8.09M | -7.99M |
| Minority Interest in Earnings | 1.55K | 5.44K | 3.22K | 136.71K | 154.83K | 71.88K |
| Net Income | -32.01M | -37.56M | -9.66M | -4.30M | -7.94M | -7.92M |
| Net Income to Common | -32.01M | -37.56M | -9.66M | -4.30M | -7.94M | -7.92M |
| Shares Outstanding (Basic) | 8.69M | 8.62M | 8.48M | 8.28M | 7.91M | 7.34M |
| Shares Outstanding (Diluted) | 8.69M | 8.62M | 8.48M | 8.28M | 7.91M | 7.34M |
| EPS (Basic) | -3.68 | -4.36 | -1.14 | -0.52 | -1.00 | -1.08 |
| EPS (Diluted) | -3.69 | -4.36 | -1.14 | -0.52 | -1.00 | -1.08 |
| Free Cash Flow | 4.50M | 2.16M | -229.63K | -3.51M | -5.70M | -4.99M |
| Free Cash Flow Per Share | 0.52 | 0.25 | -0.03 | -0.42 | -0.72 | -0.68 |
| Gross Margin | 93.03% | 92.71% | 90.61% | 87.92% | 86.12% | 90.43% |
| Operating Margin | 9.34% | 8.87% | 2.02% | -11.79% | -26.27% | -30.55% |
| Profit Margin | -29.15% | -36.43% | -11.15% | -6.62% | -17.32% | -32.81% |
| Free Cash Flow Margin | 4.10% | 2.10% | -0.27% | -5.40% | -12.44% | -20.65% |
| EBITDA | 12.75M | 11.81M | 4.03M | -3.99M | -9.67M | -6.78M |
| EBITDA Margin | 11.61% | 11.45% | 4.65% | -6.14% | -21.10% | -28.08% |
| D&A For EBITDA | 2.49M | 2.66M | 2.28M | 3.68M | 2.37M | 596.98K |
| EBIT | 10.26M | 9.15M | 1.75M | -7.67M | -12.05M | -7.38M |
| EBIT Margin | 9.34% | 8.87% | 2.02% | -11.79% | -26.27% | -30.55% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 15.42M | 16.58M | 15.88M | 5.15M | 8.96M | 18.65M |
| Cash & Short-Term Investments | 15.42M | 16.58M | 15.88M | 5.15M | 8.96M | 18.65M |
| Accounts Receivable | 12.57M | 12.00M | 12.45M | 8.53M | 7.00M | 2.99M |
| Receivables | 12.57M | 12.00M | 13.55M | 8.53M | 7.00M | 2.99M |
| Inventory | 3.46M | 3.95M | 2.75M | 4.72M | 3.55M | 2.05M |
| Prepaid Expenses | 741.73K | 948.62K | 1.02M | 608.41K | 1.10M | 917.32K |
| Other Current Assets | 5.20K | 67.86K | 101.33K | |||
| Total Current Assets | 32.20M | 33.54M | 33.31M | 19.01M | 20.62M | 24.61M |
| Property, Plant & Equipment | 2.34M | 2.53M | 1.88M | 3.25M | 2.22M | 2.04M |
| Long-Term Investments | 13.73M | 14.63M | 6.21M | 3.08M | 3.08M | 5.02M |
| Goodwill | 3.60M | 3.60M | 3.60M | 3.60M | 3.60M | |
| Other Intangible Assets | 17.28M | 18.64M | 23.48M | 44.93M | 31.51M | 4.73M |
| Other Long-Term Assets | 19.61M | |||||
| Total Assets | 69.15M | 72.94M | 88.09M | 73.87M | 61.04M | 36.40M |
| Accounts Payable | 1.40M | 2.31M | 1.50M | 1.92M | 1.43M | 593.97K |
| Accrued Expenses | 10.36M | 14.47M | 12.35M | 9.72M | 9.90M | 5.23M |
| Current Portion of Long-Term Debt | 580.36K | |||||
| Current Portion of Leases | 383.15K | 353.23K | 358.69K | 361.19K | 313.93K | 203.29K |
| Other Current Liabilities | 345.58K | 1.49M | 1.08M | 1.18M | 1.16M | |
| Total Current Liabilities | 12.49M | 18.63M | 15.29M | 13.77M | 12.81M | 6.02M |
| Long-Term Debt | 46.48M | 45.97M | 30.69M | 9.11M | ||
| Long-Term Leases | 1.67M | 1.87M | 1.24M | 1.74M | 505.29K | 222.15K |
| Other Long-Term Liabilities | 571.32K | 548.12K | 1.96M | 4.66M | 6.00M | |
| Total Liabilities | 61.21M | 67.01M | 49.18M | 29.28M | 19.32M | 6.24M |
| Common Stock | 9.19K | 8.95K | 8.75K | 8.54K | 8.30K | 7.68K |
| Additional Paid-In Capital | 82.83M | 81.23M | 77.18M | 72.86M | 65.21M | 45.87M |
| Retained Earnings | -74.89M | -75.30M | -37.78M | -28.04M | -23.39M | -15.24M |
| Total Common Equity | 7.94M | 5.94M | 39.40M | 44.83M | 41.83M | 30.64M |
| Minority Interest | -9.02K | -8.67K | -491.61K | -244.26K | -107.56K | -488.40K |
| Shareholders' Equity | 7.93M | 5.93M | 38.91M | 44.59M | 41.72M | 30.15M |
| Total Liabilities & Equity | 69.15M | 72.94M | 88.09M | 73.87M | 61.04M | 36.40M |
| Total Debt | 48.53M | 48.19M | 32.29M | 11.79M | 819.22K | 425.44K |
| Net Cash (Debt) | -33.11M | -31.61M | -16.41M | -6.64M | 8.14M | 18.23M |
| Net Cash Per Share | -3.81 | -3.67 | -1.93 | -0.80 | 1.03 | 2.48 |
| Filing Date Shares Outstanding | 9.19M | 9.17M | 8.90M | 8.62M | 8.38M | 7.81M |
| Total Common Shares Outstanding | 9.19M | 8.95M | 8.75M | 8.54M | 8.30M | 7.68M |
| Working Capital | 19.71M | 14.92M | 18.02M | 5.24M | 7.81M | 18.59M |
| Book Value Per Share | 0.86 | 0.66 | 4.50 | 5.25 | 5.04 | 3.99 |
| Tangible Book Value | -12.94M | -16.30M | 12.32M | -3.70M | 6.72M | 25.91M |
| Tangible Book Value Per Share | -1.41 | -1.82 | 1.41 | -0.43 | 0.81 | 3.38 |
| Machinery | 880.54K | 898.81K | 858.96K | 700.91K | 517.79K | 347.86K |
| Leasehold Improvements | 259.96K | 231.02K | 181.97K | 134.17K | 19.63K | 2.03K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -32.01M | -37.56M | -9.66M | -4.30M | -7.94M | -7.92M |
| Depreciation & Amortization | 2.49M | 2.66M | 2.28M | 3.68M | 2.37M | 596.98K |
| Other Amortization | 294.17K | 279.90K | 209.50K | 5.14K | ||
| Loss (Gain) From Sale of Assets | 2.63K | -9.67K | 2.63K | 41.00 | ||
| Asset Writedown & Restructuring Costs | 1.84M | 1.84M | 506.84K | |||
| Loss (Gain) From Sale of Investments | -251.03K | 1.04M | ||||
| Loss (Gain) on Equity Investments | 1.51M | 952.47K | 90.01K | 379.63K | 616.93K | |
| Stock-Based Compensation | 4.89M | 4.95M | 4.30M | 3.44M | 2.70M | 2.67M |
| Provision & Write-off of Bad Debts | 356.20K | 509.23K | 624.45K | 202.94K | 280.00K | 51.54K |
| Other Operating Activities | 2.75M | 4.23M | 269.26K | -2.74M | -4.91M | 354.90K |
| Change in Accounts Receivable | -931.27K | -74.12K | -4.54M | -1.73M | -2.27M | -774.80K |
| Change in Inventory | -288.98K | -1.78M | 1.44M | -1.55M | -517.27K | -1.15M |
| Change in Accounts Payable | -88.21K | 808.09K | -471.21K | 575.15K | -423.75K | 99.13K |
| Change in Other Net Operating Assets | -2.06M | 2.02M | 2.66M | -577.32K | 3.73M | 645.55K |
| Operating Cash Flow | 5.69M | 6.79M | -23.78K | -3.25M | -5.55M | -4.81M |
| Capital Expenditures | -1.19M | -4.63M | -205.85K | -265.25K | -147.01K | -171.87K |
| Sale of Property, Plant & Equipment | 60.00K | 650.00 | 1.55K | |||
| Cash Acquisitions | -2.12M | -2.12M | -9.94M | -2.52M | ||
| Sale (Purchase) of Intangibles | -23.45K | -23.45K | -600.00K | -578.59K | ||
| Investment in Securities | -4.72M | -8.26M | -5.30M | -250.00K | -4.53M | |
| Investing Cash Flow | -5.92M | -14.97M | -6.61M | -10.21M | -3.51M | -5.28M |
| Short-Term Debt Issued | 800.00K | |||||
| Long-Term Debt Issued | 12.25M | 30.50M | 9.69M | |||
| Total Debt Issued | 12.25M | 30.50M | 9.69M | 800.00K | ||
| Short-Term Debt Repaid | -800.00K | |||||
| Long-Term Debt Repaid | -9.75M | |||||
| Total Debt Repaid | -9.75M | -800.00K | ||||
| Net Debt Issued (Repaid) | 12.25M | 20.75M | 9.69M | |||
| Issuance of Common Stock | 911.37K | 28.94M | ||||
| Other Financing Activities | -1.32M | -3.36M | -3.38M | -958.59K | -627.35K | -642.52K |
| Financing Cash Flow | -1.32M | 8.89M | 17.37M | 9.64M | -627.35K | 28.30M |
| Net Cash Flow | -1.54M | 700.56K | 10.73M | -3.81M | -9.69M | 18.20M |
| Free Cash Flow | 4.50M | 2.16M | -229.63K | -3.51M | -5.70M | -4.99M |
| Free Cash Flow Margin | 4.10% | 2.10% | -0.27% | -5.40% | -12.44% | -20.65% |
| Free Cash Flow Per Share | 0.52 | 0.25 | -0.03 | -0.42 | -0.72 | -0.68 |
| Levered Free Cash Flow | 5.70M | 8.54M | 4.23M | -97.56K | -2.23M | -1.62M |
| Unlevered Free Cash Flow | 9.94M | 12.48M | 5.98M | 194.67K | -2.23M | -1.62M |
| Cash Interest Paid | 4.89M | 3.35M | 1.58M | 283.95K | 206.00 | 711.00 |
| Cash Income Tax Paid | 44.52K | 48.79K | 40.59K | |||
| Change in Working Capital | -3.37M | 972.97K | -911.72K | -3.28M | 517.62K | -1.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 301.64M | 208.65M | 290.21M | 350.93M | 377.82M | 225.53M |
| Enterprise Value | 334.75M | 241.09M | 305.52M | 356.34M | 367.59M | 203.16M |
| Last Close Price | 32.83 | 23.35 | 33.20 | 41.10 | 45.50 | 29.55 |
| Forward PE | 98.74 | 20.13 | 69.71 | 178.70 | ||
| PS Ratio | 2.75 | 2.02 | 3.35 | 5.40 | 8.24 | 9.34 |
| PB Ratio | 38.00 | 35.19 | 7.46 | 7.87 | 9.06 | 7.48 |
| P/TBV Ratio | 23.55 | 56.26 | 8.70 | |||
| P/FCF Ratio | 66.97 | 96.55 | ||||
| P/OCF Ratio | 52.97 | 30.74 | ||||
| EV/Sales Ratio | 3.05 | 2.34 | 3.52 | 5.48 | 8.02 | 8.41 |
| EV/EBITDA Ratio | 26.26 | 20.42 | 75.81 | |||
| EV/EBIT Ratio | 32.63 | 26.36 | 174.46 | |||
| EV/FCF Ratio | 74.33 | 111.57 | ||||
| Debt / Equity Ratio | 6.12 | 8.13 | 0.83 | 0.26 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 3.64 | 3.90 | 7.04 | |||
| Debt / FCF Ratio | 10.78 | 22.30 | ||||
| Net Debt / Equity Ratio | 4.17 | 5.33 | 0.42 | 0.15 | -0.20 | -0.60 |
| Net Debt / EBITDA Ratio | 2.60 | 2.68 | 4.07 | -1.67 | 0.84 | 2.69 |
| Net Debt / FCF Ratio | 7.35 | 14.63 | -71.45 | -1.89 | 1.43 | 3.65 |
| Asset Turnover | 1.31 | 1.28 | 1.07 | 0.96 | 0.94 | 1.04 |
| Inventory Turnover | 2.20 | 2.24 | 2.18 | 1.90 | 2.27 | 1.45 |
| Quick Ratio | 2.24 | 1.53 | 1.85 | 0.99 | 1.25 | 3.59 |
| Current Ratio | 2.58 | 1.80 | 2.18 | 1.38 | 1.61 | 4.09 |
| Return on Equity (ROE) | -1.32% | -1.75% | -4.64% | -10.29% | -22.52% | -44.42% |
| Return on Assets (ROA) | 7.64% | 7.10% | 1.35% | -7.10% | -15.45% | -19.95% |
| Return on Capital Employed (ROCE) | 18.10% | 16.80% | 2.40% | -12.80% | -25.00% | -24.30% |
| Earnings Yield | -11.23% | -18.00% | -3.33% | -1.23% | -2.10% | -3.51% |
| FCF Yield | 1.49% | 1.04% | -0.08% | -1.00% | -1.51% | -2.21% |
| Buyback Yield / Dilution | -1.58% | -1.64% | -2.48% | -4.71% | -7.70% | -28.02% |