Nuwellis, Inc.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

NUWE$5.24+6.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders’ Equity (Deficit)

(in thousands, except share amounts)

	Outstanding Shares of Common Stock	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Stockholders’Equity (Deficit)
Balance December 31, 2023	3,866	$—	$290,647	$(31)	$(287,626)	$2,990
Net loss	—	—	—	—	(4,330)	(4,330)
Unrealized foreign currency translation adjustment	—	—	—	(9)	—	(9)
Stock-based compensation	—	—	158	—	—	158
Issuance of Common Stock from conversion of Series J Convertible Preferred Stock	761	—	1,535	—	—	1,535
Series J Convertible Preferred Stock deemed dividend	—	—	541	—	—	541
Balance March 31, 2024	4,627	$—	$292,881	$(40)	$(291,956)	$885
Net loss	—	—	—	—	(7,725)	(7,725)
Unrealized foreign currency translation adjustment	—	—	—	(2)	—	(2)
Stock-based compensation	—	—	115	—	—	115
Issuance of Common Stock, net	7,653	—	(109)	—	—	(109)
Balance June 30, 2024	12,280	$—	$292,887	$(42)	$(299,681)	$(6,836)
Net income	—	—	—	—	2,358	2,358
Unrealized foreign currency translation adjustment	—	—	—	(4)	—	(4)
Stock-based compensation, net	—	—	101	—	—	101
Issuance of Common Stock net	22,682	—	2,882	—	—	2,882
Exercise of Common Stock warrants	9,488	—	1,182	—	—	1,182
Issuance costs	—	—	(722)	—	—	(722)
Deemed dividend	—	—	(1)	—	—	(1)
Reclassification of April 2024 warrants to equity	—	—	4,217	—	—	4,217
Balance September 30, 2024	44,450	$—	$300,546	$(46)	$(297,323)	$3,177

	Outstanding Shares of Common Stock	Common Stock	Additional Paid in Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Stockholders’ Equity (Deficit)
Balance December 31, 2024	104,142	$—	$305,366	$(47)	$(298,791)	$6,528
Net loss	—	—	—	—	(3,014)	(3,014)
Unrealized foreign currency translation adjustment	—	—	—	(2)	—	(2)
Stock-based compensation	—	—	67	—	—	67
Series J Convertible Preferred Stock deemed dividend	—	—	(1)	—	—	(1)
Balance March 31, 2025	104,142	$—	$305,432	$(49)	$(301,805)	$3,578
Net loss	—	—	—	—	(12,553)	(12,553)
Unrealized foreign currency translation adjustment	—	—	—	(4)	—	(4)
Stock-based compensation	—	—	17	—	—	17
Issuance of Common Stock, net	396,825	—	3	—	—	3
Issuance of Common Stock for Preferred Conversion	26,191	—	—	—	—	—
Series J Convertible Preferred Stock deemed dividend	—	—	(1)	—	—	(1)
Balance June 30, 2025	527,158	$—	$305,451	$(53)	$(314,358)	$(8,960)
Net income	—	—	—	—	468	468
Unrealized foreign currency translation adjustment	—	—	—	(1)	—	(1)
Stock-based compensation	—	—	19	—	—	19
Issuance of Common Stock from ATM offering, net	447,252	—	1,889	—	—	1,889
Issuance of Common Stock for Warrant Exercise	390,560	—	2,055	—	—	2,055
Reclassification of Series A warrants to equity	—	—	8,439	—	—	8,439
Series J Convertible Preferred Stock deemed dividend	—	—	(1)	—	—	(1)
Balance September 30, 2025	1,364,970	$—	$317,852	$(54)	$(313,890)	$3,908

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.