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Venus Concept (VERO) investor relations material
Venus Concept Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $13.8 million, down 8% year-over-year, mainly due to softness in the hair restoration business and a delayed sale.
EBD sales grew 2% year-over-year to $9.5 million, showing stabilization despite a challenging environment.
Net loss for Q3 2025 widened to $22.6 million, compared to $9.3 million in Q3 2024.
Launched Venus Nova, a next-generation multi-application platform, with FDA 510(k) clearance and a limited commercial launch planned for December.
Progressed on the pending $20 million sale of the Venus Hair Business to MHG Coal Limited, though faced delays and legal challenges in closing.
Financial highlights
Gross profit for Q3 2025 was $8.8 million, down 11% year-over-year; gross margin declined to 64% from 66.1%.
Operating loss increased to $9.5 million from $7.2 million; adjusted EBITDA loss was $7.8 million, compared to $5.9 million in Q3 2024.
Operating expenses for Q3 2025 rose 7% to $18.3 million, driven by higher selling, marketing, and G&A costs.
Cash and cash equivalents were $5.9 million as of September 30, 2025; total debt obligations were $30.1 million, down from $39.7 million at year-end 2024.
198 systems were delivered in Q3 2025, down from 253 in Q3 2024.
Outlook and guidance
Management targets sequential revenue growth in Q4, supported by the limited commercial launch of Venus Nova.
No full-year 2025 financial guidance provided due to ongoing strategic reviews, lender discussions, and market uncertainties.
Management expects continued revenue pressure from tight credit markets, high interest rates, and global economic uncertainty.
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