Nuwellis, Inc.

Nuwellis, Inc.

NUWE
Nuwellis, Inc.US flagNASDAQ
2.85
USD
- -
- -
1.04MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
893.94
4,402.99
819.44
1,289,000
1,776,500
1,249,500
5,511,000
7,441,000
3,960,500
854,300
80,581.82
2,937.82
419.41
259.47
Basic EPS, GAAP
-329,666.67
-381,895.52
-369,208.33
-17,692,000
-12,486,000
-4,258,000
-22,623,000
-17,593,000
-9,814,500
-1,452,500
-205,700
-3,571.09
-888.38
-563.47
Free Cash Flow per Basic Share
-267,500
-343,208.96
-322,055.56
-16,409,000
-6,089,500
-3,689,500
-16,857,000
-16,870,000
-9,031,000
-1,527,100
-165,318.18
-3,244.03
-552.79
-343.12
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1,530,454.55
-1,889,507.46
-2,127,527.78
-168,974,000
-91,178,000
-49,847,000
-217,502,000
-233,338,000
-126,446,000
-26,741,700
-2,614,781.82
-100,433.95
-16,041.79
-9,493.89
Tangible Book Value per Share
783,742.42
436,044.78
169,041.67
-2,734,000
8,119,000
1,484,000
1,990,000
16,318,000
12,973,500
1,235,700
27,181.82
2,194.29
133.08
75.42
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
1
4
5
6
7
8
9
9
9
8
9
Operating Margin (%)
-38,764.41
-8,741.36
-43,996.61
-1,215.05
-305.69
-340.86
-328.54
-228.84
-246.51
-200.99
-198.89
-125.72
-134.29
-143.85
Depreciation Expense
- -
- -
- -
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-22
-26
-27
-16
-13
-17
-18
-16
-20
-15
-20
-11
-18
-19
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-36,877.97
-8,673.56
-45,055.93
-1,225.14
-376.64
-340.78
-328.69
-212.82
-246.86
-170.02
-227.99
-127.75
-211.86
-217.22
Working Capital
51
29
16
-1
16
5
1
15
25
18
5
6
2
2
LT Debt
- -
- -
4
- -
- -
- -
- -
- -
1
1
1
- -
- -
- -
Total Equity
52
29
12
2
16
6
2
16
26
12
3
7
3
3
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-29.49
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
- -
- -
Market Capitalization
1
1
1

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
7
5
6
Cash, Cash Equivalents & STI
3
1
2
Accounts Receivable, Net
1
1
2
Inventories
2
2
2
Total Current Liabilities
4
3
4
Payables & Accruals
3
2
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
110.9%
-4.75%
-59.72%
Free Cash Flow
-4.28%
-4.66%
12.94%
Net Income, GAAP
1.43%
9.81%
56.93%
Sales/Revenue/Turnover
235.76%
2.26%
-5.38%
Total Cash Common Dividend
- -
- -
-99.26%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2
2
2
9
2025
2
2
2
2
8
2026
2
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-28,704.55
-22,071.43
1,858.16
-641.05
-3,571.09
2025
-1,012.77
-2,133.61
19.63
-52.49
-888.38
2026
-76.56
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Michael McCormick
Full Time Employees
38
Sector
Healthcare
Industry
Medical - Devices
Address
12988 Valley View Road Eden Prairie MN United States of America 55344
IPO Date
Feb 16, 2012
Business
Nuwellis, Inc. (Nasdaq: NUWE) develops, manufactures, and commercializes medical devices for ultrafiltration therapy to treat fluid overload in patients with heart failure, critical illness, and related conditions; its core products include the Aquadex SmartFlow and Aquadex FlexFlow systems, comprising consoles, disposable blood circuit sets, disposable catheters, and a new U.S.-launched 24-hour circuit alongside FDA-cleared dual-lumen extended-length catheters. The company, founded in 1999 and headquartered in Eden Prairie, Minnesota, sells directly to hospitals and clinics in the United States while distributing through independent partners in countries including Austria, Brazil, Germany, India, Israel, Italy, Singapore, Spain, Switzerland, Thailand, the United Arab Emirates, and the United Kingdom; it targets critical care, cardiology, nephrology, and pediatric segments with approximately 47 pediatric centers adopting Aquadex therapy. Recent developments encompass a May 2024 purchase agreement with a top-25 U.S. integrated delivery network for Aquadex deployment across 50 hospitals, a strategic manufacturing transition to KDI Precision Manufacturing, a $5 million capital raise in Q2 2025, expanded CMS reimbursement enabling first hospital-based outpatient therapies, new U.S. patents for fluid bag designs and blood return line clamps, participation in a $3 million NIH grant via partner Koronis Biomedical for the Vivian pediatric CRRT system, and an August 2025 non-binding letter of intent to acquire Rendiatech Ltd. for its FDA-cleared Clarity RMS real-time urine flow and acute kidney injury monitoring technologies, anticipated to close in Q4 2025.

Company News

APIChatGPT
  • Nuwellis Awarded U.S. Patent for Novel Catheter Technology Designed to Enhance Extracorporeal Therapies

  • Nuwellis to Showcase Aquadex Therapy at KidneyBee Summit 2026

  • Nuwellis Celebrates Five Years of Support of the Pediatric Cardiac Critical Care Consortium (PC⁴)

  • Nuwellis Announces Pediatric Expansion in Michigan with First Aquadex SmartFlow® Installations

  • Incoming Nuwellis CEO Mike McCormick Underscores Strategic Priorities for Continued Market Expansion in Pediatric Category and Revenue Generation in Letter to Shareholders

  • Nuwellis Expands Critical Care Education with Aquadex Training at University of Minnesota Critical Care Cardiology Education Summit

  • Nuwellis Appoints Mike McCormick as Chief Executive Officer

  • Nuwellis Expands Collaboration with Major South Carolina Healthcare System to Install New Aquadex SmartFlow® Devices at One of its Children's Hospitals

  • Nuwellis Announces Closing of $6.0 Million Registered Public Offering

  • Nuwellis Announces Pricing of $6 Million Public Offering

  • Nuwellis Announces Successful Completion of FDA Pre-Submission 510(k) Meeting to Expand Aquadex Label

  • Nuwellis, Inc. (NUWE) Q1 2026 Earnings Call Transcript

  • Nuwellis, Inc. Announces First Quarter 2026 Financial Results

  • Nuwellis, Inc. To Announce First Quarter 2026 Financial Results on May 12, 2026

  • Nuwellis Highlights Case Study Featuring Precision Ultrafiltration Therapy in Pediatric Cardiorenal Care at ISHLT 2026 Annual Meeting

  • Nuwellis Highlights Case Study Featuring Precision Ultrafiltration Therapy in Pediatric Cardiorenal Care at ISHLT 2026 Annual Meeting

  • Nuwellis Announces Receipt of a Notice of Allowance from the U.S. Patent and Trademark Office for Innovative Dual Lumen Midline Catheter Technology

  • Nuwellis to Participate in the AATS 106th Annual Meeting and ERAS Cardiac Spring Retreat

  • Nuwellis Announces Aquadex Software Update

  • Nuwellis Welcomes Back Three Former Team Members to Accelerate Commercial and Clinical Momentum