InMode Ltd (STU:154)
€ 13.22 +0.13 (+0.99%) Market Cap: 763.67 Mil Enterprise Value: 332.68 Mil PE Ratio: 12.45 PB Ratio: 1.45 GF Score: 91/100

Q2 2025 Inmode Ltd Earnings Call Transcript

Jul 30, 2025 / 12:30PM GMT
Release Date Price: €12.19 (-3.10%)

Key Points

Positve
  • InMode Ltd (INMD) reported strong revenue growth, reaching $95.6 million in Q2 2025, up from $86.4 million in Q2 2024.
  • The company maintained a robust gross margin of 80% on a GAAP basis, consistent with the previous year.
  • Sales outside the US increased by 11% year-over-year, with Europe contributing a record $23 million in revenue.
  • InMode Ltd (INMD) is expanding its global footprint with new direct operations in Thailand and Argentina, enhancing local presence and customer support.
  • The company is launching new platforms in the wellness space, targeting increased blood circulation and pain relief, with a full commercial rollout expected in Q4 2025.
Negative
  • InMode Ltd (INMD) faced challenges in the North American medical aesthetic market due to reduced personal spending, impacting capital investments from physicians.
  • The company adjusted its 2025 revenue guidance downward to $365 million to $375 million, from the previous $395 million to $405 million, due to ongoing market challenges.
  • Sales and marketing expenses increased year-over-year, reflecting higher salaries and travel costs, impacting overall profitability.
  • The company experienced a slight decline in non-GAAP gross margins, dropping from 81% in Q2 2024 to 80% in Q2 2025.
  • InMode Ltd (INMD) noted that the US market is facing stronger headwinds compared to Europe and Asia, affecting overall sales performance.
Operator

Good day and welcome to InMode's second-quarter 2025 earnings results conference call. (Operator Instructions)

Please note, this event is being recorded. I would now like to turn the conference over to Moshe Mizrahy, CEO of MSIR. Please go ahead.

Miri Segal
MS-IR LLC - IR

Thank you, operator, and everyone for joining us today. Welcome to InMode's second-quarter 2025 earnings call.

Before we begin, I would like to remind our listeners that certain information provided on this call may contain forward-looking statements, and the Safe Harbor statement outlined in today's earnings release also pertains to this call. If you have not received a copy of the release, please visit the investor relations section of the company's website. Changes in business, competitive, technological, regulatory, and other factors would cause actual results to differ materially from those expressed by the forward-looking statements made today.

Our historical results are not necessarily indicative of future performance. As such, we can give no assurance as

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