InMode Ltd. Q3 2025 Earnings Recap

InMode reported Q3 2025 revenues of $93.2 million, reflecting strong growth in consumables and strategic expansion into new markets, despite year-over-year declines in net income and operating margins.

Key Takeaways

• Consumables and service revenues rose 26% year-over-year to $19.9 million, driven by international markets.
• Gross margins decreased to 78%, impacted by tariffs; operating margins also dropped, with GAAP margins at 22%.
• InMode opened a new subsidiary in Argentina, further expanding its reach in high-growth regions.
• Cash generation remained robust, with $24.5 million generated from operating activities, ending the quarter with $532.3 million in liquidity.
• Guidance for 2025 projects revenues between $365 million to $375 million, maintaining non-GAAP gross margins between 78% to 80%.