Financial Statements — INMD
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 302.54 | 155.33 | 144.41 | 97.54 | 68.14 | 68.94 | 44.73 |
| Short-term Investments | 83.63 | 267.69 | 373.65 | 374.59 | 294.53 | 142.01 | 120.14 |
| Accounts Receivable | 43.50 | 36.34 | 42.36 | 27.00 | 20.24 | 10.50 | 6.63 |
| Inventory | 74.05 | 59.55 | 45.10 | 39.90 | 21.03 | 14.98 | 9.41 |
| Total Current Assets | 698.62 | 714.45 | 845.33 | 629.37 | 470.11 | 289.59 | 213.21 |
| Property, Plant & Equipment | 2.60 | 2.32 | 2.38 | 2.30 | 1.40 | 0.98 | 0.94 |
| Total Non-current Assets | 67.81 | 71.22 | 17.96 | 15.04 | 8.43 | 6.17 | 5.18 |
| Total Assets | 766.43 | 785.67 | 863.29 | 644.41 | 478.54 | 295.76 | 218.39 |
| Accounts Payable | 17.91 | 13.78 | 13.97 | 16.24 | 8.78 | 6.41 | 3.70 |
| Total Current Liabilities | 70.74 | 69.85 | 64.14 | 82.02 | 51.85 | 35.03 | 32.49 |
| Total Non-current Liabilities | 12.49 | 12.00 | 11.78 | 7.77 | 10.89 | 5.26 | 6.09 |
| Total Liabilities | 83.23 | 81.85 | 75.91 | 89.79 | 62.74 | 40.29 | 38.58 |
| Retained Earnings | 968.53 | 874.70 | 693.43 | 495.51 | 333.99 | 169.02 | 93.99 |
| Total Stockholder Equity | 683.20 | 703.81 | 787.37 | 554.62 | 415.80 | 253.96 | 176.07 |
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 370.50 | 394.82 | 492.05 | 454.27 | 357.57 | 206.11 | 156.36 |
| Cost of Revenue | 79.53 | 77.75 | 80.71 | 73.49 | 53.59 | 30.85 | 20.24 |
| Gross Profit | 290.97 | 317.07 | 411.34 | 380.79 | 303.97 | 175.26 | 136.12 |
| Research & Development | 13.32 | 13.14 | 13.41 | 12.43 | 9.53 | 9.47 | 5.70 |
| Selling, General & Admin | 11.69 | 10.03 | 9.23 | 9.93 | 8.41 | 6.42 | 3.96 |
| Total Operating Expenses | 205.58 | 204.54 | 215.68 | 182.93 | 136.50 | 102.42 | 76.51 |
| Operating Income | 85.39 | 112.53 | 195.66 | 197.85 | 167.48 | 72.84 | 59.62 |
| Pretax Income | 110.33 | 143.47 | 217.27 | 201.47 | 168.00 | 76.13 | 62.04 |
| Tax Provision | 16.50 | (37.81) | 19.35 | 39.95 | 2.93 | 1.11 | 0.88 |
| Net Income | 93.83 | 181.28 | 197.92 | 161.52 | 164.97 | 75.03 | 61.15 |
| Basic EPS | 1.45 | 2.29 | 2.37 | 1.96 | 2.03 | 2.08 | 2.09 |
| Diluted EPS | 1.43 | 2.25 | 2.30 | 1.89 | 1.92 | 1.78 | 1.60 |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 85.26 | 132.66 | 176.83 | 181.58 | 174.89 | 79.22 | 62.21 |
| Capital Expenditures | 0.97 | 0.67 | 0.71 | 1.58 | 0.94 | 0.46 | 0.69 |
| Free Cash Flow* | 84.29 | 132.00 | 176.12 | 180.00 | 173.95 | 78.76 | 61.51 |
| Investing Cash Flow | 186.03 | 162.21 | (136.06) | (109.47) | (160.11) | (43.30) | (112.45) |
| Financing Cash Flow | (126.06) | (282.77) | 5.50 | (41.08) | (15.02) | (12.44) | 70.17 |
* Derived from reported values
