Evolus, Inc. (EOLS) AI Stock Analysis

NASDAQ: EOLSAI research summary: business, growth, valuation, analysts, bull and bear case.

EOLS AI stock analysis summary

AI Research

Evolus, Inc. (EOLS) is a medical aesthetics company best known for its neurotoxin product Jeuveau. While revenue expanded to $297.2M in FY2025 and reached $316.5M over the trailing twelve months, the company remains unprofitable with a net loss of -$51.6M in FY2025. As of June 30, 2026, Evolus carries $164.8M in total debt against $45.2M in cash and short-term investments.

Market cap
$469.0M
Revenue (TTM)
$316.5M
P/E
—
fwd 17.0x
1Y return
12.7%
S&P 500 16.8%
Avg. target
$15.00
111.3% vs last close

Bull case

  • Revenue grew 21.2% year-over-year in the quarter ended June 30, 2026, reaching $316.5M over the trailing twelve months.
  • Analyst consensus projects full-year profitability by next fiscal year, with an EPS estimate of $0.29 on $392.2M in revenue.
  • The stock trades at a price-to-sales multiple of 1.5x, well below the US-listed Healthcare median of 4.1x.

Bear case

  • The company posted a net loss of -$51.6M and negative free cash flow of -$50.7M in FY2025.
  • As of June 30, 2026, Evolus carries negative shareholders' equity of -$30.9M alongside $164.8M in total debt.
  • Share count expanded by 18.6% over five years, diluting existing shareholders.

What Evolus does

Evolus, Inc., founded in 2012 and headquartered in Newport Beach, California, is a performance beauty company providing medical aesthetic solutions to healthcare professionals and their patients. Its primary product is Jeuveau, a proprietary 900-kilodalton purified botulinum toxin type A formulation. Jeuveau is approved for the temporary improvement in the appearance of moderate to severe glabellar lines in adults. The company focuses on research, development, and regulatory compliance to supply healthcare providers with non-invasive aesthetic treatments for facial rejuvenation across the United States.

Growth and profitability

Between FY2021 and FY2025, Evolus expanded annual revenue from $99.7M to $297.2M, reflecting a 5-year revenue CAGR of 39.4% from FY2020 to FY2025. Gross margin stood at 64.9% in FY2025, compared to 56.3% in FY2021. However, operating margin remained negative at -12.7% in FY2025, alongside a net loss of -$51.6M and EPS of -$0.62. For the trailing twelve months ended June 30, 2026, revenue was $316.5M with an operating margin of -5.2% and EPS of -$0.53, while latest quarterly revenue grew 21.2% year-over-year.

EOLS income statement →

Balance sheet and cash flow

As of June 30, 2026, Evolus held $45.2M in cash and short-term investments against $164.8M in total debt, yielding net debt of $119.6M. Total assets were $248.0M and the current ratio was 1.70. Shareholders' equity was negative at -$30.9M. In FY2025, operating cash flow was -$42.3M, free cash flow was -$50.7M, and capital expenditures were $8.5M. The company's share count increased 18.6% over five years.

EOLS balance sheet →

Valuation and performance

At a share price of $7.10, Evolus has a market cap of $469.0M and an enterprise value of $648.0M. Its price-to-sales ratio is 1.5x, below the 4.1x median of its US-listed Healthcare peers. The forward P/E ratio is 17.0x compared to the peer median of 17.3x, while EV to revenue is 2.0x. Over the past year, EOLS generated a return of 12.7%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock returned -7.4% against 83.0% for the S&P 500.

EOLS key metrics →

What analysts expect

Wall Street coverage includes 4 Strong Buy, 1 Buy, and 1 Hold rating, with no Sell recommendations. The mean price target is $15.00, representing 111.3% upside from the last close of $7.10. For the fiscal year ending December 31, 2026, analysts estimate revenue of $334.2M and EPS of -$0.05. For FY2027, 4 analysts estimate revenue of $392.2M and positive EPS of $0.29. The company beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 4, 2026.

EOLS forecast and price target →

Key risks and what to watch

  • Ongoing negative free cash flow, including -$50.7M in FY2025, could deplete the $45.2M cash cushion.
  • Net debt stands at $119.6M while shareholders' equity remains negative at -$30.9M as of June 30, 2026.
  • Stock volatility is elevated, illustrated by a beta of 1.34 and a short interest of 8.6% of the float.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this EOLS AI stock analysis

This page is an AI-written research summary of Evolus, Inc. (EOLS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: EOLS income statement, EOLS balance sheet, EOLS key metrics, EOLS analyst forecast, EOLS chart. See the EOLS stock overview for the latest quote and news.

EOLS AI stock analysis FAQ

What is Evolus' main product?

Evolus' primary commercial product is Jeuveau, a purified 900-kilodalton botulinum toxin type A formulation used to temporarily improve moderate to severe glabellar lines in adults.

Is Evolus profitable?

No, Evolus is not yet profitable on a trailing basis, reporting a net loss of -$51.6M in FY2025 and trailing twelve-month EPS of -$0.53. However, analysts estimate EPS of $0.29 for the next fiscal year.

What is the analyst price target for EOLS stock?

The mean analyst price target is $15.00, which is 111.3% above its last close of $7.10 on October 16, 2026.

Does Evolus pay a dividend?

Evolus does not pay a dividend to common shareholders.

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