Inmode Ltd · Q3 2025 earnings

Briefing

Revenue falls to $93.2M on tough comps as consumables grow 26%

InMode reported Q3 2025 revenue of $93.2 million, down from $130.2 million a year ago when results included $31.9 million of pre-order sales. GAAP net income was $21.9 million ($0.34 diluted EPS) versus $51.0 million ($0.65) in Q3 2024; non-GAAP net income was $24.5 million ($0.38 EPS). Gross margin held at 78% despite tariff planning, consumables and service revenue rose 26% to $19.9 million, and the company ended the quarter with $532.3 million in cash and equivalents. Management reaffirmed full-year 2025 guidance for revenue of $365–375 million and non-GAAP EPS of $1.55–$1.59.

• Q3 revenue of $93.2M compared with $130.2M in Q3 2024, which included $31.9M of pre-order sales
• Consumables and service revenue grew 26% year over year to $19.9M while gross margin stayed at 78%
• GAAP diluted EPS was $0.34; non-GAAP diluted EPS was $0.38 versus $0.70 a year ago
• Cash, marketable securities and short-term deposits totaled $532.3M at September 30
• Full-year 2025 outlook unchanged: revenue $365–375M, non-GAAP EPS $1.55–$1.59

Headline financials

Revenue & EPS history

Management reaffirmed 2025 guidance: revenue $365–375M, non-GAAP gross margin 78–80%, non-GAAP operating income $93–98M, and non-GAAP diluted EPS $1.55–$1.59.