Company Reports Q4 Revenue of $103.9M
Reports Q4 revenue $103.9M, consensus $101.66M. "While conditions across our industry remain challenging, we are seeing early signs of stabilization," said CEO Moshe Mizrahy. "While the global uncertainties, particularly in North America, continue to weigh on overall demand, and the industry has yet to fully rebound, we are encouraged by the initial growth in Europe. Looking ahead, in 2026 we plan on launching two new laser-based platforms. We see solid potential for these offerings across both our existing customer base and new customers and believe they will further strengthen our long-term market position," concluded Mizrahy. "Over the past year, we have unified our North American operations into a single organization encompassing the Eastern U.S., Western U.S., and Canada," said Michael Dennison, President of North America. "At the same time, we have refreshed our sales and post-sales leadership teams, strengthening our ability to serve customers across the region. With this foundation in place, we are entering 2026 with focus, alignment, and clear direction."
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- Proposal Evaluation Outcome: The committee formed by InMode's board evaluated multiple potential transaction proposals and ultimately decided to reject all bids, deeming them inadequate for the company's and shareholders' interests, reflecting a cautious approach to strategic choices.
- Business Strategy Review: InMode stated it will continue to review its business and growth strategy, particularly regarding cash allocation, aiming to enhance long-term shareholder value, which may influence future investment decisions and market confidence.
- Technical Indicator Analysis: Currently, InMode's stock is trading 6.9% below its 20-day simple moving average and 5.1% below its 100-day simple moving average, indicating short-term technical weakness despite the broader market's strength, highlighting ongoing challenges faced by the company.
- Stock Price Fluctuation: InMode shares fell 8.02% to $14.00 during Monday morning trading, with a 25.21% decline over the past 12 months, positioning the stock closer to its 52-week lows, suggesting a lack of market confidence in its future performance.
- Transaction Evaluation Outcome: InMode's independent transaction committee concluded that none of the final proposals were in the best interests of the company and its shareholders, leading to the decision to discontinue the evaluation process, which underscores the company's commitment to shareholder value.
- Support from External Advisors: The committee conducted its review with the assistance of external financial and legal advisors, ensuring the independence and comprehensiveness of the evaluation process, thereby enhancing the transparency and fairness of the decision-making.
- Strategic Focus Adjustment: The company will continue to review and evaluate its business and growth strategies, particularly its cash allocation strategy, aiming to enhance long-term shareholder value, indicating a cautious approach in an uncertain environment.
- Future Disclosure Policy: InMode stated that it does not intend to provide further updates on this matter unless necessary or appropriate, reflecting the company's prudent strategy regarding information disclosure.
- Revenue Performance: InMode reported fourth-quarter revenues of $103.854 million for 2025, a 6% increase from $97.853 million in Q4 2024, yet the full-year revenue of $370.495 million reflects a 6% decline compared to 2024, indicating a trend of weakening market demand.
- Net Income Decline: The net income for Q4 2025 was $27.025 million, translating to earnings per diluted share of $0.42, significantly down from $82.771 million and $1.14 per share in Q4 2024, highlighting the challenges and cost pressures faced by the company.
- Margin Fluctuations: The GAAP gross margin for Q4 2025 was 78%, down 1 percentage point from 79% in Q4 2024, while the non-GAAP gross margin also decreased by 1 percentage point to 79%, indicating difficulties in cost management.
- Future Outlook: Management anticipates launching two new laser platforms in 2026, aiming to enhance their customer base and strengthen long-term market positioning despite the current uncertain market environment.
- Quarterly Revenue Growth: InMode's GAAP revenue for Q4 2025 reached $103.9 million, a 6% increase from $97.9 million in Q4 2024, indicating sustained demand in the medical technology sector despite ongoing market challenges.
- Annual Performance Decline: The full-year revenue for 2025 was $370.5 million, reflecting a 6% year-over-year decrease, highlighting the impact of global uncertainties on the company's performance, particularly in the North American market.
- Shareholder Return Strategy: In 2025, InMode returned $127.4 million to shareholders through share repurchases, demonstrating a disciplined approach to capital allocation and commitment to shareholder value, even amidst declining overall revenues.
- Future Outlook: Management anticipates revenues between $365 million and $375 million for 2026, with plans to launch two new laser platforms aimed at strengthening market position and meeting customer needs, showcasing confidence in future growth.
- Strong Earnings Report: InMode's Q4 2025 non-GAAP EPS of $0.46 exceeded expectations by $0.04, indicating a sustained improvement in profitability and reflecting robust performance in the medical aesthetics market.
- Revenue Growth: The total revenue for Q4 reached $103.9 million, a 6.1% year-over-year increase, surpassing market expectations by $2.24 million, which demonstrates ongoing demand for its products and services, enhancing its competitive position.
- Healthy Cash Reserves: As of December 31, 2025, InMode's total cash position, including cash and cash equivalents, marketable securities, and short-term bank deposits, stood at $555.3 million, providing strong financial support for future investments and operations.
- 2026 Financial Outlook: Management anticipates revenues between $365 million and $375 million for 2026, with non-GAAP gross margins expected between 75% and 77%, reflecting confidence in future growth while also indicating a cautious approach to market expectations.
- Earnings Announcement: InMode (INMD) is set to release its Q4 earnings on February 10 before market open, with consensus EPS estimate at $0.42 (flat YoY) and revenue estimate at $101.66 million (+3.8% YoY), indicating the company's efforts to maintain stable revenue.
- Performance Beat Record: Over the past two years, InMode has exceeded EPS and revenue estimates 63% of the time, showcasing its ability in managing market expectations and performance, which may bolster investor confidence.
- Strategic Evaluation Update: InMode's stock has gained traction amid reports of Steel Partners making an offer for a majority stake, potentially opening new avenues for the company's strategic direction and shareholder value creation.
- Market Analysis Insights: Despite discussions around strategic alternatives, analysts suggest that InMode's shares remain undervalued, indicating a cautious market sentiment regarding its future growth potential, making the upcoming earnings report crucial for assessing the company's outlook.







