InMode Ltd. Q2 2025 Earnings Recap

InMode reported Q2 2025 revenues of $95.6 million, representing a year-over-year increase while navigating a challenging medical aesthetic market, particularly in North America.

Key Takeaways

• Revenues increased 10% year-over-year, despite a decline in capital spending by physicians.
• Sales outside the U.S. rose to $45 million, accounting for 48% of total revenue, with Europe as a key growth driver.
• Non-GAAP diluted EPS increased 38% to $0.47, reflecting strong operational efficiency with a gross margin of 80%.
• The company plans to restructure its sales team and expand directly into new markets, including Thailand and Argentina to enhance customer engagement.
• Guidance for 2025 adjusted to $365-$375 million in revenue, indicating cautious optimism amid ongoing macroeconomic headwinds.