Filing Flows › SkinHealth Systems (SKIN) › Q1 2025
SkinHealth Systems (SKIN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
SkinHealth Systems (SKIN) reported revenue of $69.6M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -17% from the quarter before. Operating margin was -17.3%, net loss $10.1M (14.5% of revenue).
SkinHealth Systems, Q1 2025: revenue $69.6M (-14% year over year), operating margin -17.3%, net loss $10.1M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.6M | -17% | -15% |
| Operating profit | −$12.0M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | $3.0M | -82% | — |
| Free cash flow | $3.0M | -82% | — |
What changed
Revenue was $69.6M in Q1 2025, down 15% year over year and down 17% from the previous quarter. Consumables was the largest line at 71% of revenue. Delivery Systems lost $15.6M year over year (down 43%), 132% of the total change.
Gross margin was 69.8%, up 10.4 points from a year earlier. Operating costs exceeded revenue by $12.0M, an operating margin of -17.3%. Operating expenses fell 7% while revenue fell 15%. The fastest-growing cost line was General & admin (+16%). The quarter ended with a net loss of $10.1M, narrower than the previous quarter's $10.3M loss. Non-operating items added $2.8M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.0M. Non-cash charges added back $5.0M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $4.6M. Capital expenditures of $45K left free cash flow of $3.0M.
Questions
What was SkinHealth Systems' revenue in the first quarter 2025?
SkinHealth Systems (SKIN) reported revenue of $69.6M for the first quarter 2025 (Q1 2025), -15% from a year earlier and -17% from the quarter before.
Was SkinHealth Systems profitable in the first quarter 2025?
Operating loss was $12.0M (-17.3% of revenue) and net loss $10.1M.
Source: SkinHealth Systems 10-Q on SEC EDGAR.