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

OptimumBank Holdings, Inc. is the larger business by last-quarter revenue ($13.6M vs $13.4M, roughly 1.0× SANUWAVE Health, Inc.). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs 35.7%, a 21.7% gap on every dollar of revenue. On growth, OptimumBank Holdings, Inc. posted the faster year-over-year revenue change (32.0% vs 30.3%). OptimumBank Holdings, Inc. produced more free cash flow last quarter ($16.9M vs $3.2M). Over the past eight quarters, SANUWAVE Health, Inc.'s revenue compounded faster (53.5% CAGR vs 23.0%).

OptimumBank Holdings, Inc. is a Florida-based bank holding company operating the local community bank OptimumBank. It offers retail and commercial banking products including deposit accounts, loans, mortgage services and wealth management, serving individual consumers and small-to-medium enterprises in southern Florida.

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.

OPHC vs SNWV — Head-to-Head

Bigger by revenue
OPHC
OPHC
1.0× larger
OPHC
$13.6M
$13.4M
SNWV
Growing faster (revenue YoY)
OPHC
OPHC
+1.7% gap
OPHC
32.0%
30.3%
SNWV
Higher net margin
SNWV
SNWV
21.7% more per $
SNWV
57.4%
35.7%
OPHC
More free cash flow
OPHC
OPHC
$13.7M more FCF
OPHC
$16.9M
$3.2M
SNWV
Faster 2-yr revenue CAGR
SNWV
SNWV
Annualised
SNWV
53.5%
23.0%
OPHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPHC
OPHC
SNWV
SNWV
Revenue
$13.6M
$13.4M
Net Profit
$4.9M
$7.7M
Gross Margin
74.7%
Operating Margin
47.5%
15.0%
Net Margin
35.7%
57.4%
Revenue YoY
32.0%
30.3%
Net Profit YoY
22.9%
157.8%
EPS (diluted)
$-0.08
$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
OPHC
OPHC
SNWV
SNWV
Q4 25
$13.6M
$13.4M
Q3 25
$13.0M
$11.4M
Q2 25
$12.1M
$10.1M
Q1 25
$10.7M
$9.3M
Q4 24
$10.3M
$10.3M
Q3 24
$10.1M
$9.3M
Q2 24
$9.9M
$7.1M
Q1 24
$9.0M
$5.7M
Net Profit
OPHC
OPHC
SNWV
SNWV
Q4 25
$4.9M
$7.7M
Q3 25
$4.3M
$9.7M
Q2 25
$3.6M
$551.0K
Q1 25
$3.9M
$-6.1M
Q4 24
$3.9M
$-13.3M
Q3 24
$3.3M
$-21.2M
Q2 24
$3.5M
$6.2M
Q1 24
$2.4M
$-4.8M
Gross Margin
OPHC
OPHC
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
OPHC
OPHC
SNWV
SNWV
Q4 25
47.5%
15.0%
Q3 25
43.5%
7.9%
Q2 25
40.2%
14.2%
Q1 25
48.8%
6.5%
Q4 24
51.5%
19.6%
Q3 24
44.0%
16.0%
Q2 24
46.9%
23.3%
Q1 24
35.9%
-22.8%
Net Margin
OPHC
OPHC
SNWV
SNWV
Q4 25
35.7%
57.4%
Q3 25
33.2%
84.8%
Q2 25
29.8%
5.4%
Q1 25
36.3%
-65.8%
Q4 24
38.3%
-129.5%
Q3 24
32.8%
-227.8%
Q2 24
35.2%
87.4%
Q1 24
26.4%
-84.4%
EPS (diluted)
OPHC
OPHC
SNWV
SNWV
Q4 25
$-0.08
$0.78
Q3 25
$0.18
$0.39
Q2 25
$0.29
$-0.04
Q1 25
$0.32
$-0.72
Q4 24
$-0.17
$-0.76
Q3 24
$0.15
$-6.65
Q2 24
$0.34
$0.00
Q1 24
$0.31
$0.00

Balance Sheet & Financial Strength

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

Metric
OPHC
OPHC
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$12.0M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$121.9M
$1.6M
Total Assets
$1.1B
$37.3M
Debt / EquityLower = less leverage
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPHC
OPHC
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
OPHC
OPHC
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
OPHC
OPHC
SNWV
SNWV
Q4 25
$121.9M
$1.6M
Q3 25
$116.9M
$-7.6M
Q2 25
$111.3M
$-18.8M
Q1 25
$108.0M
$-20.8M
Q4 24
$103.2M
$-15.8M
Q3 24
$92.7M
$-60.3M
Q2 24
$87.0M
$-39.6M
Q1 24
$83.0M
$-47.6M
Total Assets
OPHC
OPHC
SNWV
SNWV
Q4 25
$1.1B
$37.3M
Q3 25
$1.1B
$35.6M
Q2 25
$999.1M
$33.0M
Q1 25
$977.5M
$30.9M
Q4 24
$932.9M
$30.1M
Q3 24
$945.2M
$21.8M
Q2 24
$899.8M
$21.0M
Q1 24
$940.6M
$23.3M
Debt / Equity
OPHC
OPHC
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
OPHC
OPHC
SNWV
SNWV
Operating Cash FlowLast quarter
$17.8M
$3.3M
Free Cash FlowOCF − Capex
$16.9M
$3.2M
FCF MarginFCF / Revenue
124.6%
24.1%
Capex IntensityCapex / Revenue
6.6%
0.7%
Cash ConversionOCF / Net Profit
3.68×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$27.6M
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPHC
OPHC
SNWV
SNWV
Q4 25
$17.8M
$3.3M
Q3 25
$1.9M
$1.1M
Q2 25
$6.2M
$993.0K
Q1 25
$3.1M
$-1.5M
Q4 24
$15.6M
$741.0K
Q3 24
$4.0M
$1.3M
Q2 24
$3.1M
$-668.0K
Q1 24
$2.5M
$1.1M
Free Cash Flow
OPHC
OPHC
SNWV
SNWV
Q4 25
$16.9M
$3.2M
Q3 25
$1.9M
$556.0K
Q2 25
$5.9M
$-166.0K
Q1 25
$2.9M
$-1.7M
Q4 24
$14.6M
$505.0K
Q3 24
$3.9M
$1.2M
Q2 24
$2.7M
$-760.0K
Q1 24
$2.3M
$986.0K
FCF Margin
OPHC
OPHC
SNWV
SNWV
Q4 25
124.6%
24.1%
Q3 25
14.7%
4.9%
Q2 25
48.5%
-1.6%
Q1 25
26.8%
-18.1%
Q4 24
141.9%
4.9%
Q3 24
38.3%
13.3%
Q2 24
27.5%
-10.7%
Q1 24
25.4%
17.3%
Capex Intensity
OPHC
OPHC
SNWV
SNWV
Q4 25
6.6%
0.7%
Q3 25
0.0%
4.6%
Q2 25
2.5%
11.4%
Q1 25
2.7%
1.7%
Q4 24
9.6%
2.3%
Q3 24
1.5%
0.5%
Q2 24
3.6%
1.3%
Q1 24
2.9%
2.0%
Cash Conversion
OPHC
OPHC
SNWV
SNWV
Q4 25
3.68×
0.43×
Q3 25
0.44×
0.11×
Q2 25
1.71×
1.80×
Q1 25
0.81×
Q4 24
3.95×
Q3 24
1.21×
Q2 24
0.89×
-0.11×
Q1 24
1.07×

Financial Flow Comparison

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

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