INMD revenueFY2025$370.50M
- FY YoY
- -6.2%
- 5Y CAGR
- +12.4%
INMD revenue was $370.50M for fiscal 2025 (ended Dec 31, 2025), down 6.2% from fiscal 2024. Compound annual growth was +12.4% over 5 years. It rose in 6 of the last 8 fiscal years.
InMode Ltd. (INMD) financials
For fiscal 2025 (ended Dec 31, 2025), InMode Ltd. reported $370.50M of revenue and $93.83M of net income.
- Revenue, FY2025
- $370.50M
- Revenue growth, YoY
- -6.2%
- Net income, FY2025
- $93.83M
- Net income growth, YoY
- -48.2%
- Net margin
- 25.3%
- Free cash flow, FY2025
- $84.28M
- EPS, diluted, FY2025
- $1.43
- EPS growth, YoY
- -36.4%
- Cash
- $302.54M
- P/E
- 8.16
- P/S
- 2.07
- Market cap
- $765.9M
FY2017FY2025
FY2017FY2025
FY2017FY2025
INMD revenue and earnings growth
INMD net incomeFY2025$93.83M
- FY YoY
- -48.2%
- 5Y CAGR
- +4.6%
INMD net income was $93.83M for fiscal 2025 (ended Dec 31, 2025), down 48.2% from fiscal 2024. Compound annual growth was +4.6% over 5 years. It rose in 5 of the last 8 fiscal years.
INMD EPSFY2025$1.43
- FY YoY
- -36.4%
- 5Y CAGR
- +9.9%
INMD diluted EPS was $1.43 for fiscal 2025 (ended Dec 31, 2025), down 36.4% from fiscal 2024. Compound annual growth was +9.9% over 5 years.
INMD free cash flowFY2025$84.28M
- FY YoY
- -36.1%
- 5Y CAGR
- +1.4%
INMD free cash flow was $84.28M for fiscal 2025 (ended Dec 31, 2025), down 36.1% from fiscal 2024. Compound annual growth was +1.4% over 5 years. It rose in 5 of the last 8 fiscal years.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $370.50M | $394.82M | $492.05M | $454.27M | $357.56M | $206.11M | $156.36M | $100.16M | $53.46M |
| Cost of revenue | $79.53M | $77.75M | $80.71M | $73.48M | $53.59M | $30.85M | $20.24M | $15.06M | $9.05M |
| Gross profit | $290.97M | $317.07M | $411.34M | $380.79M | $303.97M | $175.26M | $136.12M | $85.11M | $44.40M |
| Research and development | $13.32M | $13.14M | $13.41M | $12.43M | $9.53M | $9.47M | $5.70M | $4.18M | $2.58M |
| Selling, general and admin | $11.69M | $10.03M | $9.23M | $9.93M | $8.41M | $6.42M | $3.96M | $4.81M | $4.36M |
| Operating income | $85.39M | $112.53M | $195.66M | $197.85M | $167.48M | $72.84M | $59.62M | $23.49M | $8.95M |
| Pre-tax income | $110.33M | $143.47M | $217.27M | $201.47M | $168.00M | $76.13M | $62.04M | $23.63M | $9.80M |
| Income tax | $16.50M | -$37.81M | $19.35M | $39.95M | $2.93M | $1.11M | $883.0K | $1.26M | $980.0K |
| Net income | $93.83M | $181.28M | $197.92M | $161.52M | $164.97M | $75.03M | $61.15M | $22.37M | $8.82M |
| EPS, basic | $1.45 | $2.29 | $2.37 | $1.96 | $2.03 | $1.04 | $1.04 | $0.41 | $0.14 |
| EPS, diluted | $1.43 | $2.25 | $2.30 | $1.89 | $1.92 | $0.89 | $0.80 | $0.31 | $0.13 |
| Diluted shares | 65.4M | 80.6M | 86.0M | 85.4M | 86.0M | 84.2M | 76.1M | 70.0M | 59.3M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $302.54M | $155.33M | $144.41M | $97.54M | $68.14M | $68.94M | $44.73M | $24.72M | $17.59M |
| Short-term investments | $83.63M | $267.69M | $373.65M | $374.59M | $294.53M | $142.01M | $120.14M | $26.53M | - |
| Receivables | $43.50M | $36.34M | $42.36M | $27.00M | $20.24M | $10.50M | $6.63M | $7.01M | - |
| Inventory | $74.05M | $59.55M | $45.09M | $39.90M | $21.03M | $14.98M | $9.41M | $6.96M | - |
| Current assets | $698.62M | $714.45M | $845.33M | $629.37M | $470.11M | $289.59M | $213.21M | $77.76M | - |
| Total assets | $766.43M | $785.67M | $863.29M | $644.41M | $478.54M | $295.76M | $218.38M | $81.06M | - |
| Current liabilities | $70.74M | $69.85M | $64.14M | $82.02M | $51.85M | $35.03M | $32.49M | $29.43M | - |
| Total liabilities | $83.23M | $81.85M | $75.91M | $89.79M | $62.74M | $40.29M | $38.58M | $34.19M | - |
| Shareholders' equity | $683.20M | $703.81M | $787.37M | $554.62M | $415.80M | $255.47M | $179.80M | $44.68M | $19.45M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $85.26M | $132.66M | $176.83M | $181.58M | $174.88M | $79.22M | $62.21M | $36.89M | $14.61M |
| Capital expenditures | $972.0K | $669.0K | $705.0K | $1.57M | $939.0K | $463.0K | $693.0K | $381.0K | $189.0K |
| Free cash flow | $84.28M | $132.00M | $176.12M | $180.00M | $173.95M | $78.76M | $61.51M | $36.51M | $14.42M |
| Investing cash flow | $186.03M | $162.21M | -$136.06M | -$109.47M | -$160.11M | -$43.30M | -$112.45M | -$29.74M | -$5.68M |
| Financing cash flow | -$126.06M | -$282.77M | $5.50M | -$41.09M | -$15.02M | -$12.44M | $70.17M | $186.0K | $1.78M |
| Share repurchases | $127.44M | $285.38M | $0 | $42.64M | $35.37M | $17.22M | - | - | - |
| Stock-based compensation | $11.13M | $16.57M | $23.60M | $24.45M | $11.96M | $12.85M | $1.56M | $1.95M | $2.44M |
| Depreciation and amortization | $695.0K | $728.0K | $623.0K | $680.0K | $517.0K | $416.0K | $302.0K | $184.0K | $204.0K |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | -6.2% | -19.8% | 8.3% | 27.0% | 73.5% | 31.8% | 56.1% | 87.4% | - |
| Net income growth, YoY | -48.2% | -8.4% | 22.5% | -2.1% | 119.9% | 22.7% | 173.3% | 153.7% | - |
| EPS growth, YoY | -36.4% | -2.2% | 21.7% | -1.6% | 115.7% | 11.3% | 158.1% | 138.5% | - |
| Gross margin | 78.5% | 80.3% | 83.6% | 83.8% | 85.0% | 85.0% | 87.1% | 85.0% | 83.1% |
| Operating margin | 23.0% | 28.5% | 39.8% | 43.6% | 46.8% | 35.3% | 38.1% | 23.5% | 16.7% |
| Net margin | 25.3% | 45.9% | 40.2% | 35.6% | 46.1% | 36.4% | 39.1% | 22.3% | 16.5% |
| Free cash flow margin | 22.7% | 33.4% | 35.8% | 39.6% | 48.6% | 38.2% | 39.3% | 36.4% | 27.0% |
| Return on equity | 13.7% | 25.8% | 25.1% | 29.1% | 39.7% | 29.4% | 34.0% | 50.1% | 45.3% |
| Return on assets | 12.2% | 23.1% | 22.9% | 25.1% | 34.5% | 25.4% | 28.0% | 27.6% | - |
| Current ratio | 9.88 | 10.23 | 13.18 | 7.67 | 9.07 | 8.27 | 6.56 | 2.64 | - |
Source: XBRL data InMode Ltd. files with the SEC, latest filing dated Feb 10, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Feb 10, 2022.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
INMD peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| INMD | $370.50M | -6.2% | $93.83M | 25.3% | $765.9M |
| MDT | $37.54B | +9.8% | $5.24B | 14.0% | $130.22B |
| LIVN | $1.51B | +11.7% | $196.06M | 13.0% | $4.96B |
| ITGR | $1.83B | -0.3% | $103.70M | 5.7% | $4.30B |
| TMDX | $727.65M | +28.5% | $144.45M | 19.9% | $3.06B |
| AXGN | $266.93M | +24.3% | -$31.92M | -12.0% | $2.99B |
| CNMD | $1.37B | +1.6% | $73.43M | 5.4% | $1.53B |
| CBLL | $108.72M | +31.3% | -$73.88M | -68.0% | $1.03B |
| CV | $13.89M | +11.0% | -$29.83M | -214.7% | $335.9M |
INMD FAQ
9 questionsWhat is INMD revenue?
InMode Ltd. (INMD) reported $370.50M of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 6.2% from the year before.Is INMD profitable?
Yes. InMode Ltd. earned $93.83M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 25.3%.How much cash and debt does INMD have?
InMode Ltd. reported $302.54M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is INMD revenue growing?
InMode Ltd.'s revenue changed -6.2% in fiscal 2025, to $370.50M. Its compound annual growth rate was +12.4% over 5 years.What is INMD gross margin?
InMode Ltd.'s gross profit was $290.97M on $370.50M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 78.5%.What is INMD free cash flow?
InMode Ltd. generated $84.28M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $85.26M less capital expenditures.What is INMD earnings per share?
Diluted earnings per share were $1.43 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did INMD last report financial results?
The latest statements here come from InMode Ltd.'s 20-F filed on Feb 10, 2026, covering the period ended Dec 31, 2025.Where does this INMD financial data come from?
Quantisnow builds these statements from the structured XBRL data InMode Ltd. files with the SEC. It is provided for information only and is not investment advice.