MediWound Ltd.
MDWD Nasdaq Medicinal Chemicals & Botanical Products Financials FY2016โFY2025
What MediWound Ltd. does
No business description yet.
- Legal name
- MediWound Ltd.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 5, 2026
- Accession ยท CIK
- 0001178913-26-000749
0001593984
Revenue and margins
MediWound Ltd. had $17.0M of revenue in fiscal 2025, down 16.1% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$21.6M in fiscal 2025, โ127.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
MediWound Ltd. returned โ to shareholders in fiscal 2025. The diluted share count rose 14.2%.
Balance sheet
Cash, debt and the ratios that show how comfortably MediWound Ltd. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $11.0M | $33.9M | $11.9M | $9.2M | $4.8M |
| Interest coverage | โ4.8x | โ0.7x | โ8.1x | โ1.5x | โ10.3x |
| Current ratio | 1.4x | 3.8x | 2.7x | 2.0x | 2.3x |
| Quick ratio | 1.3x | 3.6x | 2.6x | 1.9x | 2.2x |
| Total assets | $19.7M | $50.0M | $66.5M | $73.5M | $86.3M |
| Total liabilities | $24.3M | $39.1M | $34.9M | $42.3M | $42.6M |
| Shareholders' equity | โ$4.6M | $10.9M | $31.6M | $31.2M | $43.6M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 5 / 8 | 3 / 8 | 6 / 8 | 1 / 8 | 4 / 8 | 4 / 8 | 1 / 8 | 1 / 8 | 4 / 8 |
| Accruals ratio | โ6.8% | โ14.3% | 27.9% | โ8.8% | โ6.4% | โ18.2% | โ22.1% | 6.4% | โ23.7% | โ9.7% |
| Altman Z'' | โ8.09 | โ6.00 | โ7.30 | โ4.65 | โ11.97 | โ27.13 | โ7.35 | โ6.05 | โ7.81 | โ6.94 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.6M | $2.5M | $3.4M | $31.8M | $21.8M | $23.8M | $26.5M | $18.7M | $20.2M | $17.0M |
| Gross profit | โ$0.6M | $0.9M | $1.3M | $19.9M | $7.5M | $8.8M | $13.2M | $3.6M | $2.6M | $3.3M |
| Research and development | $7.1M | $5.5M | $4.1M | $5.0M | $7.7M | $10.3M | $10.2M | $7.5M | $8.9M | $14.3M |
| Operating income | โ$20.2M | โ$13.7M | โ$4.0M | $4.5M | โ$8.8M | โ$11.2M | โ$8.3M | โ$15.3M | โ$19.4M | โ$25.3M |
| Interest expense | $0.9M | $1.3M | $2.1M | $3.0M | $1.3M | $2.3M | $11.6M | $1.9M | $12.8M | $2.5M |
| Pretax income | โ | โ | โ | $2.1M | โ$9.3M | โ$13.5M | โ$19.5M | โ$6.5M | โ$30.2M | โ$23.7M |
| Income tax | โ | โ | โ | $0.0M | $0.0M | $0.0M | $0.1M | $0.2M | $0.1M | $0.2M |
| Net income | โ$18.9M | โ$22.1M | โ$1.1M | $5.0M | โ$9.2M | โ$13.6M | โ$19.6M | โ$6.7M | โ$30.2M | โ$23.9M |
| Diluted EPS | โ$0.86 | โ$0.95 | โ$0.04 | $0.18 | โ$2.38 | โ$3.48 | โ$3.93 | โ$0.75 | โ$3.03 | โ$2.10 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.03B | 0.00B | 0.00B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | โ$16.4M | โ$16.5M | โ$12.2M | $8.3M | โ$6.9M | โ$8.9M | โ$11.9M | โ$10.5M | โ$13.6M | โ$16.1M |
| Capital expenditure | $0.7M | $1.0M | $0.5M | $0.8M | $0.9M | $0.5M | $0.6M | $6.5M | $6.3M | $5.5M |
| Free cash flow | โ$17.1M | โ$17.5M | โ$12.7M | $7.5M | โ$7.8M | โ$9.4M | โ$12.4M | โ$16.9M | โ$19.9M | โ$21.6M |
| Depreciation and amortization | $0.5M | $0.5M | $0.5M | $0.5M | $0.4M | $0.6M | $0.4M | $0.7M | $0.6M | $0.6M |
| Stock-based compensation | $3.2M | $1.4M | $0.6M | $1.2M | $1.3M | $1.7M | $1.9M | $1.9M | $3.1M | $3.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $28.9M | $36.1M | $6.7M | $7.2M | $17.4M | $11.0M | $33.9M | $11.9M | $9.2M | $4.8M |
| Current assets | $33.6M | $41.5M | $32.7M | $35.6M | $26.2M | $15.0M | $45.8M | $49.7M | $52.2M | $60.0M |
| Current liabilities | $5.4M | $5.4M | $4.9M | $10.4M | $8.3M | $10.7M | $12.1M | $18.1M | $26.5M | $25.7M |
| Inventory | $0.8M | $1.9M | $1.7M | $1.6M | $1.4M | $1.2M | $2.0M | $2.8M | $2.7M | $4.1M |
| Property and equipment, net | $1.3M | $1.9M | $2.0M | $2.3M | $2.6M | $2.5M | $2.4M | $9.2M | $14.1M | $18.6M |
| Intangible assets | $0.8M | $0.6M | $0.5M | $0.4M | $0.4M | $0.3M | $0.2M | $0.2M | $0.1M | $0.0M |
| Total assets | $35.8M | $44.1M | $35.3M | $40.6M | $31.1M | $19.7M | $50.0M | $66.5M | $73.5M | $86.3M |
| Total liabilities | $28.0M | $34.8M | $26.3M | $25.4M | $23.8M | $24.3M | $39.1M | $34.9M | $42.3M | $42.6M |
| Shareholders' equity | $7.8M | $9.4M | $9.0M | $15.2M | $7.3M | โ$4.6M | $10.9M | $31.6M | $31.2M | $43.6M |
| Margins | ||||||||||
| Gross margin | โ38.5% | 36.8% | 38.6% | 62.7% | 34.7% | 36.9% | 49.7% | 19.1% | 13.0% | 19.2% |
| Operating margin | โ1,293.6% | โ548.4% | โ116.4% | 14.1% | โ40.6% | โ47.2% | โ31.5% | โ81.8% | โ95.9% | โ149.0% |
| EBITDA margin | โ1,263.2% | โ530.0% | โ102.5% | 15.7% | โ38.8% | โ44.9% | โ29.9% | โ78.2% | โ92.8% | โ145.5% |
| Net margin | โ1,212.1% | โ887.4% | โ31.1% | 15.6% | โ42.3% | โ57.0% | โ74.0% | โ35.9% | โ149.5% | โ140.8% |
| FCF margin | โ1,098.6% | โ701.1% | โ372.7% | 23.6% | โ35.9% | โ39.6% | โ47.0% | โ90.6% | โ98.4% | โ127.5% |
| Returns | ||||||||||
| Return on capital employed | โ66.3% | โ35.4% | โ13.0% | 14.9% | โ38.8% | โ124.4% | โ22.0% | โ31.6% | โ41.3% | โ41.7% |
| Return on equity | โ243.1% | โ258.4% | โ11.5% | 41.1% | โ82.0% | โ1,007.5% | โ619.0% | โ31.6% | โ96.3% | โ63.9% |
| Return on assets | โ52.8% | โ55.4% | โ2.7% | 13.1% | โ25.7% | โ53.3% | โ56.2% | โ11.5% | โ43.2% | โ29.9% |
| Return on tangible equity | โ269.9% | โ253.5% | โ12.5% | 33.6% | โ133.1% | โ | โ183.5% | โ21.4% | โ97.3% | โ54.8% |
| Growth | ||||||||||
| Revenue growth | โ | 60.2% | 36.3% | 834.7% | โ31.5% | 9.2% | 11.5% | โ29.5% | 8.2% | โ16.1% |
| Net income growth | โ | โ | โ | โ | โ285.6% | โ | โ | โ | โ | โ |
| EPS growth | โ | โ | โ | โ | โ1,422.2% | โ | โ | โ | โ | โ |
| FCF growth | โ | โ | โ | โ | โ204.3% | โ | โ | โ | โ | โ |
| Share count change | โ | 6.8% | 16.2% | 0.2% | 0.1% | โ85.7% | 28.1% | 80.7% | 10.5% | 14.2% |
| Financial health | ||||||||||
| Interest coverage | โ22.5x | โ10.9x | โ1.9x | 1.5x | โ6.9x | โ4.8x | โ0.7x | โ8.1x | โ1.5x | โ10.3x |
| Current ratio | 6.2x | 7.6x | 6.7x | 3.4x | 3.2x | 1.4x | 3.8x | 2.7x | 2.0x | 2.3x |
| Quick ratio | 6.1x | 7.3x | 6.3x | 3.3x | 3.0x | 1.3x | 3.6x | 2.6x | 1.9x | 2.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 43.1% | 41.9% | 15.3% | 2.5% | 4.2% | 2.1% | 2.1% | 34.6% | 31.0% | 32.5% |
| Stock comp / revenue | 203.5% | 54.6% | 19.0% | 3.9% | 6.1% | 7.0% | 7.3% | 10.4% | 15.5% | 18.3% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 5.0 | 3.0 | 6.0 | 1.0 | 4.0 | 4.0 | 1.0 | 1.0 | 4.0 |
| Altman Z'' | โ8.1 | โ6.0 | โ7.3 | โ4.6 | โ12.0 | โ27.1 | โ7.4 | โ6.1 | โ7.8 | โ6.9 |
| Accruals ratio | โ6.8% | โ14.3% | 27.9% | โ8.8% | โ6.4% | โ18.2% | โ22.1% | 6.4% | โ23.7% | โ9.7% |
Source: SEC EDGAR XBRL filings (CIK 0001593984). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.
