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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 was $22.6 million, or $12.14 per share, compared to $9.3 million, or $13.10 per share, in Q3 2024.
Announced FDA 510(k) clearance for Venus Nova, a next-generation multi-application platform, with a limited commercial launch planned for December.
The pending $20 million sale of the Venus Hair Business faced delays and litigation, with legal action taken to facilitate closure.
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 in Q3 2024; 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.
Cash used in operations for the nine months ended September 30, 2025 was $16.6 million.
Outlook and guidance
No full-year 2025 financial guidance provided due to ongoing strategic reviews, lender discussions, and market uncertainties.
Management targets sequential revenue growth in Q4 2025, supported by the limited commercial launch of Venus Nova.
Management expects continued revenue pressure from tight credit markets, high interest rates, and global economic uncertainty.
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