Sanara MedTech Inc. (SMTI) Financial Statements
Industry: Orthopedic, Prosthetic & Surgical Appliances & Supplies
In fiscal 2025, Sanara MedTech reported revenue of $103.1M, up 19.0% from $86.7M the year before. Net income was -$37.6M (a -36.4% net margin), or -$4.36 per diluted share. Gross margin was 92.7% and operating margin was 7.1%. Operating activities generated $6.8M of cash, leaving $2.2M of free cash flow. At fiscal year end, Sanara MedTech held $72.9M in total assets against $67.0M in total liabilities, including $16.6M of cash and equivalents.
Open the full interactive Sanara MedTech financials → Quarterly statements, key ratios, valuation history and price charts.
Sanara MedTech Key Stats
| Share Price | $35.14 |
|---|---|
| Market Cap | $304.4M |
| Revenue YoY Growth | +19.0% |
| 52-Week Range | $16.34 – $35.28 |
| Shares Outstanding | 8.7 million (basic, 2026 Q2) |
Sanara MedTech Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $15.6M | $24.1M | $45.8M | $65.0M | $86.7M | $103.1M |
| Gross Profit | $14.0M | $21.8M | $39.5M | $57.1M | $78.5M | $95.6M |
| Operating Income | -$5.0M | -$7.4M | -$12.2M | -$4.2M | -$6.7M | $7.3M |
| Pre-Tax Income | -$4.4M | -$8.0M | -$13.9M | -$4.4M | -$9.7M | -$393,124 |
| Income Tax | $0 | — | -$5.8M | -$136,705 | -$48,380 | $37.2M |
| Net Income | -$4.4M | -$8.0M | -$7.9M | -$4.3M | -$9.7M | -$37.6M |
| Diluted EPS | -$0.76 | -$1.08 | — | -$0.52 | -$1.14 | -$4.36 |
Sanara MedTech Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $26.3M | $27.5M | $27.8M | $28.1M |
| Net Income | -$30.4M | -$1.6M | $458,957 | -$452,864 |
| Diluted EPS | -$3.40 | -$0.19 | $0.05 | -$0.05 |
Sanara MedTech Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $455,366 | $18.7M | $9.0M | $5.1M | $15.9M | $16.6M |
| Current Assets | $4.5M | $24.6M | $20.6M | $19.0M | $33.3M | $33.5M |
| Total Assets | $9.8M | $36.4M | $61.0M | $73.9M | $88.1M | $72.9M |
| Current Liabilities | $3.5M | $6.0M | $12.8M | $13.8M | $15.3M | $18.6M |
| Total Long-Term Debt | — | — | — | $9.7M | $30.7M | $46.0M |
| Total Liabilities | $4.0M | $6.2M | $19.3M | $29.3M | $49.2M | $67.0M |
| Shareholders' Equity | $6.2M | $30.6M | $41.8M | $44.8M | $39.4M | $5.9M |
Sanara MedTech Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$4.0M | -$4.8M | -$5.6M | -$3.2M | -$23,784 | $6.8M |
| Cash From Investing | -$2.7M | -$5.3M | -$3.5M | -$10.2M | -$6.6M | -$15.0M |
| Cash From Financing | $622,330 | $28.3M | -$627,346 | $9.6M | $17.4M | $8.9M |
| Free Cash Flow | -$4.6M | -$5.0M | -$5.7M | -$3.5M | -$229,632 | $2.2M |
Figures from Sanara MedTech's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Sanara MedTech financials page for every line item.
Sanara MedTech Company Profile
| Ticker | SMTI |
|---|---|
| Exchange | Nasdaq |
| Industry | Orthopedic, Prosthetic & Surgical Appliances & Supplies |
| Headquarters | Fort Worth, Texas |
| Incorporated in | Texas |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000714256 |
Frequently Asked Questions
What was Sanara MedTech's revenue in fiscal 2025?
Sanara MedTech (SMTI) reported revenue of $103.1M for fiscal 2025.
What is Sanara MedTech's annual revenue history?
Sanara MedTech's annual revenue by fiscal year: 2020: $15.6M; 2021: $24.1M; 2022: $45.8M; 2023: $65.0M; 2024: $86.7M; 2025: $103.1M.
What was Sanara MedTech's net income in fiscal 2025?
Sanara MedTech reported net income of -$37.6M for fiscal 2025.
What was Sanara MedTech's earnings per share (EPS) in fiscal 2025?
Sanara MedTech's diluted EPS was -$4.36 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Sanara MedTech generate in fiscal 2025?
Sanara MedTech generated $2.2M of free cash flow in fiscal 2025.
What was Sanara MedTech's revenue last quarter?
In its most recent reported quarter (2026 Q2), Sanara MedTech reported revenue of $28.1M.
How much debt does Sanara MedTech have?
Sanara MedTech reported $46.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Sanara MedTech are outstanding?
Sanara MedTech reported a weighted average of 8.7 million basic shares outstanding in 2026 Q2.
What is Sanara MedTech's market cap?
Based on its latest closing price, Sanara MedTech (SMTI) has a market capitalization of about $304.4M.
When does Sanara MedTech's fiscal year end?
Sanara MedTech's fiscal year end, as registered with the SEC, is December 31.
Where is Sanara MedTech headquartered?
Sanara MedTech lists its business address in Fort Worth, Texas in its SEC filings.
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