InMode Ltd. (INMD) Income Statement
INMD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsINMD revenue and net income
Where INMD's revenue goes
2025Each bar shows an amount and its share of revenue. INMD kept 25.3% of revenue as net income.
INMD profit margins
INMD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.2% | −6.6% | +12.4% | — |
| Gross profit | −8.2% | −8.6% | +10.7% | — |
| Operating income | −24.1% | −24.4% | +3.2% | — |
| Net income | −48.2% | −16.6% | +4.6% | — |
| EPS (diluted) | −11.2% | −13.4% | +8.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
INMD quarterly EPS vs estimates
InMode beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 11, 2026 (estimate $0.32).
INMD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $370.5M | $394.8M | $492.0M | $454.3M | $357.6M | $206.1M | $156.4M | $100.2M | $53.5M | $23.1M |
| Cost of revenue | $79.5M | $77.8M | $80.7M | $73.5M | $53.6M | $30.8M | $20.2M | $15.1M | $9.1M | $5.7M |
| Gross profit | $291.0M | $317.1M | $411.3M | $380.8M | $304.0M | $175.3M | $136.1M | $85.1M | $44.4M | $17.4M |
| Research & development | $13.3M | $13.1M | $13.4M | $12.4M | $9.5M | $9.5M | $5.7M | $4.2M | $2.6M | $2.5M |
| Sales, general & admin | $192.3M | $191.4M | $202.3M | $170.5M | $127.8M | $93.0M | $70.8M | $49.4M | $32.9M | $14.3M |
| Total operating expenses | $205.6M | $204.5M | $215.7M | $182.9M | $136.5M | $102.4M | $76.5M | $53.6M | $35.5M | $16.8M |
| Operating income | $85.4M | $112.5M | $195.7M | $197.9M | $167.5M | $72.8M | $59.6M | $23.5M | $8.9M | $669,000 |
| Interest income | $24.9M | $30.9M | $21.6M | $3.6M | $525,000 | $3.3M | $2.4M | $136,000 | $849,000 | $4,000 |
| Interest expense | — | — | — | $3.6M | $422,000 | $3.3M | $2.4M | $136,000 | $849,000 | $0 |
| Income before taxes | $110.3M | $143.5M | $217.3M | $201.5M | $168.0M | $76.1M | $62.0M | $23.6M | $9.8M | $673,000 |
| Income taxes | $16.5M | −$37.8M | $19.3M | $39.9M | $2.9M | $1.1M | $883,000 | $1.3M | $980,000 | $337,000 |
| Net income | $93.8M | $181.3M | $197.9M | $161.5M | $165.0M | $75.0M | $61.1M | $22.4M | $8.8M | $336,000 |
| EBITDA | $111.0M | $144.2M | $217.9M | $202.1M | $168.5M | $73.3M | $59.9M | $31.7M | $9.2M | $820,000 |
| EPS (diluted) | $1.58 | $1.78 | $2.56 | $2.43 | $2.05 | $1.06 | $0.95 | $0.35 | $0.11 | — |
| Gross margin | 78.5% | 80.3% | 83.6% | 83.8% | 85.0% | 85.0% | 87.1% | 85.0% | 83.1% | 75.5% |
| Operating margin | 23.0% | 28.5% | 39.8% | 43.6% | 46.8% | 35.3% | 38.1% | 23.5% | 16.7% | 2.9% |
| Net margin | 25.3% | 45.9% | 40.2% | 35.6% | 46.1% | 36.4% | 39.1% | 22.3% | 16.5% | 1.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $95.6M | $82.0M | $103.9M | $93.2M | $95.6M | $77.9M | $97.9M | $130.2M | $86.4M | $80.3M | $126.8M | $123.1M |
| Cost of revenue | $24.1M | $20.5M | $22.6M | $20.9M | $19.2M | $17.0M | $20.2M | $24.1M | $17.1M | $16.4M | $20.3M | $20.1M |
| Gross profit | $71.5M | $61.6M | $81.3M | $72.3M | $76.5M | $60.9M | $77.6M | $106.2M | $69.3M | $63.9M | $106.5M | $103.0M |
| Research & development | $3.7M | $3.5M | $3.5M | $3.5M | $3.4M | $2.9M | $2.7M | $3.3M | $3.7M | $3.5M | $3.5M | $3.3M |
| Sales, general & admin | $55.6M | $48.0M | $51.8M | $47.9M | $50.2M | $42.4M | $47.1M | $54.7M | $47.3M | $42.3M | $51.8M | $53.3M |
| Total operating expenses | $59.3M | $51.5M | $55.3M | $51.4M | $53.6M | $45.3M | $49.8M | $57.9M | $51.0M | $45.8M | $55.3M | $56.6M |
| Operating income | $12.3M | $10.1M | $26.0M | $20.9M | $22.9M | $15.6M | $27.9M | $48.3M | $18.3M | $18.1M | $51.2M | $46.4M |
| Interest income | — | $4.3M | — | — | — | $6.9M | — | — | — | $8.0M | — | — |
| Income before taxes | $19.7M | $14.4M | $31.3M | $25.6M | $30.9M | $22.5M | $32.2M | $58.2M | $27.0M | $26.1M | $60.2M | $51.4M |
| Income taxes | $2.6M | $2.8M | $4.3M | $3.8M | $4.2M | $4.3M | −$50.6M | $7.2M | $3.2M | $2.4M | $5.0M | $4.8M |
| Net income | $17.1M | $11.6M | $27.0M | $21.9M | $26.7M | $18.2M | $82.8M | $51.0M | $23.8M | $23.7M | $55.2M | $46.5M |
| EBITDA | $12.4M | $14.5M | $31.5M | $25.8M | $31.1M | $22.7M | $32.5M | $48.4M | $27.2M | $26.2M | $60.3M | $51.5M |
| EPS (diluted) | $0.29 | $0.25 | $0.46 | $0.34 | $0.47 | $0.31 | $0.42 | $0.70 | $0.34 | $0.32 | $0.71 | $0.61 |
| Gross margin | 74.8% | 75.0% | 78.3% | 77.6% | 80.0% | 78.2% | 79.3% | 81.5% | 80.2% | 79.6% | 84.0% | 83.6% |
| Operating margin | 12.8% | 12.3% | 25.0% | 22.4% | 23.9% | 20.1% | 28.5% | 37.1% | 21.2% | 22.5% | 40.4% | 37.7% |
| Net margin | 17.9% | 14.1% | 26.0% | 23.5% | 28.0% | 23.4% | 84.6% | 39.2% | 27.6% | 29.5% | 43.5% | 37.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in INMD's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
INMD financial results
In fiscal year 2025 (ended December 31, 2025), InMode reported revenue of $370.5 million, down 6.2% from the year before. It had net income of $93.8 million (down 48.2%), a net profit margin of 25.3%. Diluted earnings per share came to $1.58. Over five years revenue grew at an average rate of 12.4% a year.
See the INMD stock overview for the latest quote and news, or the INMD chart for price history and technical indicators.
INMD income statement FAQ
What is InMode's annual revenue?
InMode reported total revenue of $370.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 6.2% from $394.8 million the previous year.
Is InMode profitable?
Yes. InMode reported net income of $93.8 million in fiscal 2025, a net profit margin of 25.3%; its operating margin was 23.0%.
What is InMode's gross margin?
InMode's gross margin was 78.5% in fiscal 2025: for every $100 of revenue, InMode kept $79 after the direct cost of its products and services.
How much does InMode spend on research and development?
InMode spent $13.3 million on research and development in fiscal 2025, 3.6% of revenue.
How fast is InMode growing?
Revenue grew 12.4% a year on average over the last five fiscal years, from $206.1 million to $370.5 million.
What are InMode's earnings per share?
InMode earned $1.58 per diluted share in fiscal 2025, compared with $1.78 a year earlier.
When will InMode report its next earnings?
InMode is expected to report results for the quarter ending September 30, 2026 on November 11, 2026 before the market opens.
When does InMode's fiscal year end?
InMode's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.