Filing Flows › Establishment Labs Holdings (ESTA) › Q2 2025
Establishment Labs Holdings (ESTA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Establishment Labs Holdings (ESTA) reported revenue of $51.3M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +24% from the quarter before. Operating margin was -27.5%, net loss $16.6M (32.3% of revenue).
Establishment Labs Holdings, Q2 2025: revenue $51.3M (+16% year over year), operating margin -27.5%, net loss $16.6M, operating cash flow −$18.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $51.3M | +24% | +16% |
| Operating profit | −$14.1M | — | — |
| Net earnings | −$16.6M | — | — |
| Operating cash flow | −$18.8M | — | — |
What changed
Revenue was $51.3M in Q2 2025, up 16% year over year and up 24% from the previous quarter.
Gross margin was 68.8%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $14.1M, an operating margin of -27.5%. Operating expenses grew 29% against revenue growth of 16%. The fastest-growing cost line was SG&A (+35%). The quarter ended with a net loss of $16.6M, narrower than the previous quarter's $20.7M loss.
Operating cash flow was −$18.8M. Non-cash charges added back $1.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $7.2M. Capital expenditures of $1.6M exceeded it, leaving free cash flow of −$20.4M.
Questions
What was Establishment Labs Holdings' revenue in the second quarter 2025?
Establishment Labs Holdings (ESTA) reported revenue of $51.3M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +24% from the quarter before.
Was Establishment Labs Holdings profitable in the second quarter 2025?
Operating loss was $14.1M (-27.5% of revenue) and net loss $16.6M.