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InMode (INMD) investor relations material
InMode Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue was $93.2M, down from $130.2M in Q3 2024, which included $31.9M in pre-order sales.
The company is a leading provider of minimally-invasive aesthetic and wellness solutions, serving over 29,000 installed units in 88 countries.
Expanded global footprint with a new subsidiary in Argentina and continued growth in Thailand.
Appointed Michael Denison as President of North America, consolidating regional management.
Demonstrated history of profitable growth, supported by a strong management team and extensive clinical validation.
Financial highlights
Q3 2025 revenue was $93.2M; non-GAAP net income was $24.5M and non-GAAP diluted EPS was $0.38.
Consumables and service revenues grew 26% year-over-year to $19.9M, mainly outside the U.S.
GAAP gross margin was 78%, down from 82% in Q3 2024; non-GAAP gross margin also declined.
GAAP net income was $21.8M, down from $50.9M; non-GAAP net income was $24.5M, down from $54.9M year-over-year.
Ended Q3 with $532.3M in cash, equivalents, marketable securities, and deposits.
Outlook and guidance
2025 revenue guidance remains $365M–$375M.
Non-GAAP gross margin expected between 78%–80%.
Non-GAAP income from operations projected at $93M–$98M.
Non-GAAP EPS guidance is $1.55–$1.59.
Management remains conservative for 2026 due to ongoing uncertainties.
Factors impacting US sales decline
Path to meet full-year guidance
Israel conflict: operational contingency plans
Envision dry eye FDA clearance timeline?
Interest rate impact on capital equipment sales?
New aesthetic lasers launch plan for 2026?
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Next InMode earnings date
Jefferies London Healthcare Conference 202518 Nov, 2025
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Frequently asked questions
A leading provider of minimally invasive treatments
InMode is a medical technology company that specializes in developing innovative solutions for minimally invasive cosmetic and medical procedures. The company was founded in 2008 and has since become a leading provider of minimally invasive aesthetic and medical treatments. Some of InMode’s competitors include Cutera, LivaNova, and TransMedics.
The business model
InMode's business model is based on developing and marketing cutting-edge medical technology solutions to meet the specific needs of physicians and patients around the world. The company's products and services include minimally invasive treatments for body contouring, skin rejuvenation, women's health, and more.
How InMode makes money
InMode generates revenue primarily through the sale of its medical technology products, as well as through ongoing customer support and service contracts. The company's revenue is also generated through its partnerships with other healthcare companies and organizations, as well as through collaborations with academic research institutions and other organizations.
Revolutionizing the field of medical aesthetics
InMode has developed and patented a range of advanced technologies that have revolutionized the field of medical aesthetics. One such technology is its BodyTite system, which uses radiofrequency energy to deliver heat to targeted areas of the body, tightening the skin and reducing fat without the need for surgery. The company has also developed minimally invasive treatments for vaginal rejuvenation, hair removal, and tattoo removal, among others.
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