Nuwellis, Inc. (NUWE) stock
NUWENasdaqElectromedical & Electrotherapeutic ApparatusFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 10/3082% below fair value
$4.90−0.13 (-2.58%)
Close on Nov 13, 2026Market cap $2.65MP/E –Yield –
Nuwellis gross margin
Gross margin is gross profit as a percentage of revenue.
Nuwellis's gross margin for the twelve months ending Sep 30, 2026 was 70.8%. For fiscal 2025 it was 62.0%, against 64.9% the year before. The highest annual figure on record is 64.9% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 62.0% | −3.0 |
| FY2024 | Dec 31, 2024 | 64.9% | +8.7 |
| FY2023 | Dec 31, 2023 | 56.2% | +0.6 |
| FY2022 | Dec 31, 2022 | 55.7% | −1.0 |
| FY2021 | Dec 31, 2021 | 56.7% | +2.2 |
| FY2020 | Dec 31, 2020 | 54.5% | +2.8 |
| FY2019 | Dec 31, 2019 | 51.7% | +25.2 |
| FY2018 | Dec 31, 2018 | 26.6% | +4.3 |
| FY2017 | Dec 31, 2017 | 22.2% | −22.5 |
| FY2016 | Dec 31, 2016 | 44.7% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 69.5% | +4.4 |
| Q2 FY2026 | Jun 30, 2026 | 76.1% | +20.5 |
| Q1 FY2026 | Mar 31, 2026 | 70.1% | +14.0 |
| Q4 FY2025 | Dec 31, 2025 | 68.2% | +9.9 |
| Q3 FY2025 | Sep 30, 2025 | 65.2% | −4.8 |
| Q2 FY2025 | Jun 30, 2025 | 55.5% | −11.6 |
| Q1 FY2025 | Mar 31, 2025 | 56.0% | −8.1 |
| Q4 FY2024 | Dec 31, 2024 | 58.4% | +3.9 |
| Q3 FY2024 | Sep 30, 2024 | 70.0% | +12.7 |
| Q2 FY2024 | Jun 30, 2024 | 67.2% | +11.9 |
| Q1 FY2024 | Mar 31, 2024 | 64.1% | +5.7 |
| Q4 FY2023 | Dec 31, 2023 | 54.4% | −2.5 |
| Q3 FY2023 | Sep 30, 2023 | 57.3% | −3.7 |
| Q2 FY2023 | Jun 30, 2023 | 55.3% | +7.2 |
| Q1 FY2023 | Mar 31, 2023 | 58.4% | +1.2 |
| Q4 FY2022 | Dec 31, 2022 | 56.9% | +2.5 |
| Q3 FY2022 | Sep 30, 2022 | 61.0% | +0.5 |
| Q2 FY2022 | Jun 30, 2022 | 48.0% | −12.2 |
| Q1 FY2022 | Mar 31, 2022 | 57.2% | +6.9 |
| Q4 FY2021 | Dec 31, 2021 | 54.4% | −1.6 |
| Q3 FY2021 | Sep 30, 2021 | 60.4% | +14.3 |
| Q2 FY2021 | Jun 30, 2021 | 60.2% | −4.1 |
| Q1 FY2021 | Mar 31, 2021 | 50.4% | −0.8 |
| Q4 FY2020 | Dec 31, 2020 | 56.1% | +5.3 |
| Q3 FY2020 | Sep 30, 2020 | 46.1% | −10.8 |
| Q2 FY2020 | Jun 30, 2020 | 64.4% | +14.1 |
| Q1 FY2020 | Mar 31, 2020 | 51.2% | +1.5 |
| Q4 FY2019 | Dec 31, 2019 | 50.8% | +16.4 |
| Q3 FY2019 | Sep 30, 2019 | 56.9% | +24.0 |
| Q2 FY2019 | Jun 30, 2019 | 50.2% | +29.4 |
| Q1 FY2019 | Mar 31, 2019 | 49.6% | +36.5 |
| Q4 FY2018 | Dec 31, 2018 | 34.4% | +36.8 |
| Q3 FY2018 | Sep 30, 2018 | 32.9% | +14.6 |
| Q2 FY2018 | Jun 30, 2018 | 20.8% | −7.9 |
| Q1 FY2018 | Mar 31, 2018 | 13.1% | −29.8 |
| Q4 FY2017 | Dec 31, 2017 | -2.4% | −31.9 |
| Q3 FY2017 | Sep 30, 2017 | 18.3% | – |
| Q2 FY2017 | Jun 30, 2017 | 28.7% | – |
| Q1 FY2017 | Mar 31, 2017 | 43.0% | – |
| Q4 FY2016 | Dec 31, 2016 | 29.5% | – |
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