Quarterly ResultMay 6, 2026, 07:07 AM
InMode Q1 Revenue $82M, +5% YoY; CFO & Board Changes
AI Summary
InMode reported Q1 2026 GAAP revenue of $82.0 million, a 5% increase year-over-year, meeting expectations despite a challenging macroeconomic environment. However, profitability was lower than expected, with GAAP net income decreasing to $11.6 million from $18.2 million in Q1 2025. The company also announced significant management changes, including the departure of CFO Yair Malca and Board Chairman Dr. Michael Anghel, with Dr. Hadar Ron appointed Interim Chair of the Board. InMode also completed $34.8 million in share repurchases during the quarter.
Key Highlights
- Q1 2026 GAAP revenue rose 5% YoY to $82.0 million.
- Q1 2026 GAAP net income was $11.6 million ($0.18 diluted EPS), down from $18.2 million ($0.26 diluted EPS) in Q1 2025.
- Q1 2026 non-GAAP net income was $15.9 million ($0.25 diluted EPS), down from $21.4 million ($0.31 diluted EPS) in Q1 2025.
- Total cash position was $537.2 million as of March 31, 2026.
- Repurchased 2.55 million shares for $34.8 million in Q1 2026.
- CFO Yair Malca stepped down, effective May 5, 2026.
- Board Chairman Dr. Michael Anghel resigned; Dr. Hadar Ron appointed Interim Chair.
- Full-year 2026 revenue guidance set at $365 million to $375 million.