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Zepp Health (ZEPP) investor relations material
Zepp Health Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary4 Aug, 2025
Executive summary
Revenue grew 46.2% year-over-year to $59.4M in Q2 2025, surpassing guidance and marking the first YoY growth since 2021, driven by Amazfit-branded products and new launches.
All revenue and shipments in Q2 2025 were from Amazfit-branded products, with Xiaomi-branded shipments at zero.
Net loss narrowed to $7.7M (GAAP) and $6.2M (adjusted), both improved YoY.
Strategic focus on sports tech, premium products, and operational excellence is driving brand differentiation and market share gains.
Strong product pipeline, athlete endorsements, and successful Prime Day campaigns contributed to growth.
Financial highlights
Q2 2025 revenue grew 46.2% YoY to $59.4M, exceeding guidance, driven by demand for BIP6, Active2, and T-Rex 3 series.
Gross margin was reported as 36.2% in some sources and 40.3% in others for Q2 2025.
Adjusted operating loss narrowed to $4.9M, a 42% YoY improvement.
Adjusted net loss for Q2 2025 was $6.2M, improved from $7.7M in Q2 2024.
Cash and cash equivalents ranged from $95M to $127.7M as of June 30, 2025, depending on the source.
Outlook and guidance
Q3 2025 revenue expected at $72M–$76M, representing 70%–79% YoY growth.
Gross margin anticipated to expand in H2 2025 as premium and mid-tier products increase in mix.
Focus on international expansion, new product releases, and strict cost control.
Continued investment in R&D and marketing to support long-term competitiveness.
What % of US imports are from Vietnam?
Helio Strap's sales contribution and margin?
What drives the strong Q3 revenue guidance?
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Next Zepp Health earnings date
Q3 202518 Nov, 2025
Next Zepp Health earnings date
Q3 202518 Nov, 2025
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Frequently asked questions
Zepp Health Corporation, formerly known as Huami Corporation, focuses on smart wearable and health technology. The company offers a range of products, including smart bands, watches, and scales, focused on enhancing users' health, fitness, and wellness journeys. These products are supported by Zepp's proprietary Digital Health Management Platform, which features the Zepp OS, AI chips, biometric sensors, and data algorithms. The company is headquartered in Hefei, China, and its shares are listed on the New York Stock Exchange.
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