AirSculpt Technologies, Inc. (AIRS) Key Metrics
AIRS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $91.9M
- Enterprise value
- $207.4M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.6 10-yr median 1.7
- Price / book
- 1.5 10-yr median 3.8
- EV / EBITDA
- 267.3 10-yr median 46.1
- Dividend yield
- —
- Beta
- 2.33
AIRS key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAIRS valuation Price multiples at each fiscal year-end price.
AIRS returns How much profit the business earns on the capital it uses.
AIRS per-share figures Results divided by the shares outstanding at year-end.
AIRS financial health Debt, liquidity and how easily interest is covered.
AIRS efficiency & capital use Working capital cycle and where the cash goes.
AIRS valuation history
AIRS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AIRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AIRS cash returned to shareholders
AIRS price vs earnings per share
AIRS key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $119.7M | $299.4M | $425.3M | $206.0M | $956.5M | — | — |
| Enterprise value | $194.8M | $396.2M | $514.7M | $304.1M | $1.03B | — | — |
| P/E ratio | — | — | — | — | 90.7 | — | — |
| Price / sales | 0.8 | 1.7 | 2.2 | 1.2 | 7.2 | — | — |
| Price / book | 1.4 | 3.8 | 5.1 | 2.9 | 11.5 | — | — |
| Price / free cash flow | 173.0 | — | 30.3 | 17.9 | 49.0 | — | — |
| Price / operating cash flow | 38.7 | 26.4 | 17.8 | 8.4 | 35.9 | — | — |
| EV / sales | 1.3 | 2.2 | 2.6 | 1.8 | 7.7 | — | — |
| EV / EBITDA | 159.6 | 39.3 | 26.1 | 66.2 | 46.1 | — | — |
| EV / free cash flow | 281.5 | — | 36.7 | 26.4 | 52.9 | — | — |
| Earnings yield | −9.7% | −2.8% | −1.1% | −7.1% | 1.1% | — | — |
| Free cash flow yield | 0.6% | −0.9% | 3.3% | 5.6% | 2.0% | — | — |
| Dividend yield | 0.0% | 0.1% | 0.1% | 11.8% | 7.0% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.4% | 0.2% | 12.8% | 7.0% | — | — |
| Share price at fiscal year-end | $1.98 | $5.19 | $7.49 | $3.70 | $17.19 | — | — |
| Per share | |||||||
| Revenue per share | $2.51 | $3.13 | $3.45 | $3.03 | $2.40 | $1.13 | $0.74 |
| Earnings per share | −$0.19 | −$0.14 | −$0.08 | −$0.26 | $0.19 | $0.14 | −$0.04 |
| Operating cash flow per share | $0.05 | $0.20 | $0.42 | $0.44 | $0.48 | $0.25 | $0.09 |
| Free cash flow per share | $0.01 | −$0.05 | $0.25 | $0.21 | $0.35 | $0.18 | $0.01 |
| Cash per share | $0.14 | $0.14 | $0.18 | $0.17 | $0.46 | $0.19 | $0.09 |
| Book value per share | $1.45 | $1.37 | $1.48 | $1.27 | $1.50 | $2.22 | $2.16 |
| Tangible book value per share | −$0.51 | −$0.76 | −$0.78 | −$1.11 | −$0.97 | −$0.34 | −$0.48 |
| Dividends per share | $0.00 | $0.00 | $0.01 | $0.44 | $1.20 | $0.08 | $0.01 |
| Capex per share | $0.04 | $0.24 | $0.17 | $0.23 | $0.13 | $0.07 | $0.08 |
| Debt per share | $1.38 | $1.82 | $1.76 | $1.93 | $1.81 | $0.89 | $0.81 |
| Shares outstanding | 60.5M | 57.7M | 56.8M | 55.7M | 55.6M | 55.6M | 55.6M |
| Change in shares outstanding | +4.8% | +1.6% | +2.0% | +0.1% | 0.0% | 0.0% | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −14.0% | −10.1% | −5.8% | −19.0% | 10.2% | 6.2% | −1.8% |
| Return on invested capital (ROIC) | −2.3% | −0.8% | 2.8% | −2.2% | 9.5% | 4.7% | 0.3% |
| Return on assets (ROA) | −5.9% | −4.0% | −2.2% | −7.3% | 5.6% | 4.3% | −1.3% |
| Return on tangible assets | −17.0% | −9.5% | −5.9% | −21.6% | 16.8% | 20.3% | −9.1% |
| Free cash flow margin | 0.5% | −1.5% | 7.2% | 6.8% | 14.6% | 16.4% | 1.2% |
| Income quality (OCF / net income) | — | — | — | — | 2.52 | 1.84 | — |
| Financial health | |||||||
| Total debt | $83.6M | $105.1M | $99.7M | $107.6M | $100.6M | $49.8M | $45.1M |
| Cash & short-term investments | $8.4M | $8.2M | $10.3M | $9.6M | $25.3M | $10.4M | $5.1M |
| Net debt | $75.1M | $96.8M | $89.4M | $98.0M | $75.2M | $39.4M | $40.0M |
| Debt / equity | 0.95 | 1.32 | 1.19 | 1.52 | 1.20 | 0.40 | 0.37 |
| Debt / assets | 0.45 | 0.50 | 0.49 | 0.54 | 0.50 | 0.28 | 0.26 |
| Net debt / EBITDA | 61.52 | 9.61 | 4.53 | 21.33 | 3.36 | 2.51 | 7.11 |
| Current ratio | 0.55 | 0.60 | 0.79 | 0.75 | 1.79 | 1.22 | 0.79 |
| Quick ratio | 0.55 | 0.60 | 0.79 | 0.75 | 1.79 | 1.22 | 0.79 |
| Interest coverage | -0.8 | -0.3 | 1.5 | -0.7 | 3.2 | 4.1 | 0.2 |
| Working capital | −$12.4M | −$11.5M | −$4.4M | −$5.6M | $13.0M | $2.1M | −$1.8M |
| Invested capital | $162.8M | $176.1M | $173.4M | $168.8M | $158.8M | $163.1M | $160.4M |
| Tangible asset value | −$30.9M | −$44.0M | −$44.1M | −$62.1M | −$54.1M | −$18.7M | −$26.7M |
| Net current asset value | −$84.1M | −$113.6M | −$104.1M | −$113.3M | −$87.6M | −$44.4M | −$44.5M |
| Graham number | — | — | — | — | $2.53 | $2.61 | — |
| Graham net-net per share | −$1.49 | −$2.08 | −$1.91 | −$2.12 | −$1.62 | −$0.82 | −$0.83 |
| Capital allocation | |||||||
| Dividends paid | $0 | $252,000 | $464,000 | $24.3M | $66.9M | $4.6M | $283,000 |
| Share buybacks (net) | — | $903,000 | $233,000 | $2.0M | $0 | — | — |
| Dividend payout ratio | — | — | — | — | 633.6% | 60.9% | — |
| Dividends + buybacks / free cash flow | 0.0% | — | 5.0% | 228.6% | 342.6% | 45.0% | 56.7% |
| Capex / revenue | 1.6% | 7.8% | 5.1% | 7.7% | 5.3% | 5.9% | 10.8% |
| Capex / operating cash flow | 77.6% | 123.4% | 41.4% | 52.9% | 26.7% | 26.4% | 89.9% |
| Capex / depreciation | 0.19 | 1.18 | 0.97 | 1.60 | 1.08 | 0.65 | 0.89 |
| Stock-based compensation / revenue | 1.5% | 2.1% | 9.3% | 17.5% | 5.4% | 0.5% | 0.8% |
| SG&A / revenue | 54.1% | 58.5% | 55.3% | 62.7% | 49.3% | 37.6% | 48.8% |
| Efficiency | |||||||
| Days sales outstanding | 5.5 | 5.1 | 4.4 | 4.9 | 4.8 | — | — |
| Days payables outstanding | 34.4 | 26.0 | 19.1 | 20.4 | 15.4 | 25.0 | 49.8 |
| Cash conversion cycle (days) | -28.9 | -21.0 | -14.7 | -15.5 | -10.7 | — | — |
| Receivables turnover | 66.66 | 72.18 | 82.11 | 73.82 | 76.53 | — | — |
| Payables turnover | 10.61 | 14.03 | 19.06 | 17.89 | 23.66 | 14.63 | 7.33 |
| Asset turnover | 0.76 | 0.87 | 0.97 | 0.84 | 0.70 | 0.36 | 0.24 |
| Average receivables | $2.3M | $2.5M | $2.4M | $2.3M | $1.7M | — | — |
| Average payables | $5.8M | $5.1M | $3.9M | $3.3M | $1.9M | $1.6M | $2.1M |
| Intangibles / total assets | 63.3% | 58.7% | 62.8% | 66.2% | 68.6% | 79.3% | 85.8% |
Computed from AIRS's annual financial statements (latest annual report filed March 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
AIRS valuation and financial ratios
AirSculpt Technologies earned a return on equity of −14.0% and a return on invested capital of −2.3% in fiscal 2025. It ended the year with $83.6 million of debt and $8.4 million in cash and short-term investments, net debt of $75.1 million. The share count rose 8.6% from 55.6M to 60.5M over 6 years.
See the AIRS income statement, the AIRS chart for price history, or the AIRS stock overview for the latest quote and news.
AIRS key metrics FAQ
What is AirSculpt Technologies's EV/EBITDA?
AirSculpt Technologies's enterprise value was 159.6 times EBITDA at the end of fiscal 2025 (enterprise value $194.8 million, EBITDA $1.2 million); the current EV/EBITDA is 267.3.
What is AirSculpt Technologies's return on equity?
AirSculpt Technologies's return on equity (ROE) was −14.0% in fiscal 2025: net income of -$11.7 million on average shareholders' equity of $83.5 million.
What is AirSculpt Technologies's ROIC?
AirSculpt Technologies's return on invested capital was −2.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does AirSculpt Technologies have?
AirSculpt Technologies had total debt of $83.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.95 and $75.1 million of net debt (61.52 times EBITDA).
Does AirSculpt Technologies pay a dividend?
AirSculpt Technologies did not pay a dividend in fiscal 2025.
What is AirSculpt Technologies's free cash flow yield?
AirSculpt Technologies generated $0.7 million of free cash flow in fiscal 2025, a free cash flow yield of 0.6% on its market value at year-end ($119.7 million).
What is AirSculpt Technologies's current ratio?
AirSculpt Technologies's current ratio was 0.55 at the end of fiscal 2025: current assets were 0.55 times current liabilities.