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Side-by-side financial comparison of FVCBankcorp, Inc. (FVCB) and SANUWAVE Health, Inc. (SNWV). Click either name above to swap in a different company.

FVCBankcorp, Inc. is the larger business by last-quarter revenue ($16.9M vs $13.4M, roughly 1.3× SANUWAVE Health, Inc.). On growth, FVCBankcorp, Inc. posted the faster year-over-year revenue change (4377.5% vs 30.3%). FVCBankcorp, Inc. produced more free cash flow last quarter ($23.8M vs $3.2M). Over the past eight quarters, FVCBankcorp, Inc.'s revenue compounded faster (586.6% CAGR vs 53.5%).

FVCBankcorp, Inc. is a Virginia-based U.S. bank holding company operating FVCbank, a community-focused financial institution. It provides a full range of personal and commercial banking products including deposit accounts, business and personal loans, mortgage services, and wealth management solutions, serving SMEs, professionals and individual consumers across the Mid-Atlantic region.

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

FVCB vs SNWV — Head-to-Head

Bigger by revenue
FVCB
FVCB
1.3× larger
FVCB
$16.9M
$13.4M
SNWV
Growing faster (revenue YoY)
FVCB
FVCB
+4347.2% gap
FVCB
4377.5%
30.3%
SNWV
More free cash flow
FVCB
FVCB
$20.6M more FCF
FVCB
$23.8M
$3.2M
SNWV
Faster 2-yr revenue CAGR
FVCB
FVCB
Annualised
FVCB
586.6%
53.5%
SNWV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVCB
FVCB
SNWV
SNWV
Revenue
$16.9M
$13.4M
Net Profit
$7.7M
Gross Margin
74.7%
Operating Margin
43.7%
15.0%
Net Margin
57.4%
Revenue YoY
4377.5%
30.3%
Net Profit YoY
157.8%
EPS (diluted)
$0.31
$0.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FVCB
FVCB
SNWV
SNWV
Q4 25
$16.9M
$13.4M
Q3 25
$416.0K
$11.4M
Q2 25
$15.8M
$10.1M
Q1 25
$382.0K
$9.3M
Q4 24
$378.0K
$10.3M
Q3 24
$412.0K
$9.3M
Q2 24
$415.0K
$7.1M
Q1 24
$359.0K
$5.7M
Net Profit
FVCB
FVCB
SNWV
SNWV
Q4 25
$7.7M
Q3 25
$5.6M
$9.7M
Q2 25
$5.7M
$551.0K
Q1 25
$5.2M
$-6.1M
Q4 24
$-13.3M
Q3 24
$4.7M
$-21.2M
Q2 24
$4.2M
$6.2M
Q1 24
$1.3M
$-4.8M
Gross Margin
FVCB
FVCB
SNWV
SNWV
Q4 25
74.7%
Q3 25
76.6%
Q2 25
77.3%
Q1 25
79.4%
Q4 24
78.2%
Q3 24
76.1%
Q2 24
74.0%
Q1 24
73.9%
Operating Margin
FVCB
FVCB
SNWV
SNWV
Q4 25
43.7%
15.0%
Q3 25
7.9%
Q2 25
45.9%
14.2%
Q1 25
6.5%
Q4 24
19.6%
Q3 24
16.0%
Q2 24
23.3%
Q1 24
-22.8%
Net Margin
FVCB
FVCB
SNWV
SNWV
Q4 25
57.4%
Q3 25
1341.1%
84.8%
Q2 25
36.0%
5.4%
Q1 25
1352.1%
-65.8%
Q4 24
-129.5%
Q3 24
1133.3%
-227.8%
Q2 24
1001.2%
87.4%
Q1 24
373.3%
-84.4%
EPS (diluted)
FVCB
FVCB
SNWV
SNWV
Q4 25
$0.31
$0.78
Q3 25
$0.31
$0.39
Q2 25
$0.31
$-0.04
Q1 25
$0.28
$-0.72
Q4 24
$0.27
$-0.76
Q3 24
$0.25
$-6.65
Q2 24
$0.23
$0.00
Q1 24
$0.07
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FVCB
FVCB
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$12.0M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$253.6M
$1.6M
Total Assets
$2.3B
$37.3M
Debt / EquityLower = less leverage
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVCB
FVCB
SNWV
SNWV
Q4 25
$12.0M
Q3 25
$9.6M
Q2 25
$8.5M
Q1 25
$8.5M
Q4 24
$10.2M
Q3 24
$3.3M
Q2 24
$2.5M
Q1 24
$2.9M
Total Debt
FVCB
FVCB
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVCB
FVCB
SNWV
SNWV
Q4 25
$253.6M
$1.6M
Q3 25
$249.8M
$-7.6M
Q2 25
$243.2M
$-18.8M
Q1 25
$242.3M
$-20.8M
Q4 24
$235.4M
$-15.8M
Q3 24
$230.8M
$-60.3M
Q2 24
$226.5M
$-39.6M
Q1 24
$220.7M
$-47.6M
Total Assets
FVCB
FVCB
SNWV
SNWV
Q4 25
$2.3B
$37.3M
Q3 25
$2.3B
$35.6M
Q2 25
$2.2B
$33.0M
Q1 25
$2.2B
$30.9M
Q4 24
$2.2B
$30.1M
Q3 24
$2.3B
$21.8M
Q2 24
$2.3B
$21.0M
Q1 24
$2.2B
$23.3M
Debt / Equity
FVCB
FVCB
SNWV
SNWV
Q4 25
13.52×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FVCB
FVCB
SNWV
SNWV
Operating Cash FlowLast quarter
$23.9M
$3.3M
Free Cash FlowOCF − Capex
$23.8M
$3.2M
FCF MarginFCF / Revenue
140.7%
24.1%
Capex IntensityCapex / Revenue
0.3%
0.7%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$40.0M
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVCB
FVCB
SNWV
SNWV
Q4 25
$23.9M
$3.3M
Q3 25
$7.6M
$1.1M
Q2 25
$3.3M
$993.0K
Q1 25
$5.4M
$-1.5M
Q4 24
$18.2M
$741.0K
Q3 24
$4.7M
$1.3M
Q2 24
$1.6M
$-668.0K
Q1 24
$7.2M
$1.1M
Free Cash Flow
FVCB
FVCB
SNWV
SNWV
Q4 25
$23.8M
$3.2M
Q3 25
$7.6M
$556.0K
Q2 25
$3.3M
$-166.0K
Q1 25
$5.4M
$-1.7M
Q4 24
$18.1M
$505.0K
Q3 24
$4.6M
$1.2M
Q2 24
$1.5M
$-760.0K
Q1 24
$7.1M
$986.0K
FCF Margin
FVCB
FVCB
SNWV
SNWV
Q4 25
140.7%
24.1%
Q3 25
1818.0%
4.9%
Q2 25
20.8%
-1.6%
Q1 25
1413.6%
-18.1%
Q4 24
4786.0%
4.9%
Q3 24
1121.8%
13.3%
Q2 24
361.2%
-10.7%
Q1 24
1988.3%
17.3%
Capex Intensity
FVCB
FVCB
SNWV
SNWV
Q4 25
0.3%
0.7%
Q3 25
0.2%
4.6%
Q2 25
0.1%
11.4%
Q1 25
4.2%
1.7%
Q4 24
37.3%
2.3%
Q3 24
14.1%
0.5%
Q2 24
12.8%
1.3%
Q1 24
3.9%
2.0%
Cash Conversion
FVCB
FVCB
SNWV
SNWV
Q4 25
0.43×
Q3 25
1.36×
0.11×
Q2 25
0.58×
1.80×
Q1 25
1.05×
Q4 24
Q3 24
1.00×
Q2 24
0.37×
-0.11×
Q1 24
5.34×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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