Filing Flows › Establishment Labs Holdings (ESTA) › Q1 2025
Establishment Labs Holdings (ESTA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Establishment Labs Holdings (ESTA) reported revenue of $41.4M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -7% from the quarter before. Operating margin was -41.0%, net loss $20.7M (50.1% of revenue).
Establishment Labs Holdings, Q1 2025: revenue $41.4M (+11% year over year), operating margin -41.0%, net loss $20.7M, operating cash flow −$20.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.4M | -7% | +11% |
| Operating profit | −$16.9M | — | — |
| Net earnings | −$20.7M | — | — |
| Operating cash flow | −$20.7M | — | — |
What changed
Revenue was $41.4M in Q1 2025, up 11% year over year and down 7% from the previous quarter.
Gross margin was 67.2%, up 1.6 points from a year earlier. Operating costs exceeded revenue by $16.9M, an operating margin of -41.0%. Operating expenses grew 35% against revenue growth of 11%. The fastest-growing cost line was SG&A (+37%). The quarter ended with a net loss of $20.7M, narrower than the previous quarter's $34.5M loss.
Operating cash flow was −$20.7M. Non-cash charges added back $1.6M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $4.0M. Capital expenditures of $753K exceeded it, leaving free cash flow of −$21.5M.
Questions
What was Establishment Labs Holdings' revenue in the first quarter 2025?
Establishment Labs Holdings (ESTA) reported revenue of $41.4M for the first quarter 2025 (Q1 2025), +11% from a year earlier and -7% from the quarter before.
Was Establishment Labs Holdings profitable in the first quarter 2025?
Operating loss was $16.9M (-41.0% of revenue) and net loss $20.7M.