Saturday 17 October 2026
Export INMD’s income statement to Excel — free account
InMode Ltd.
INMD Healthcare Medical Devices
InMode Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $370.5 million, down 6.16% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS fell 31.0% and free cash flow fell 12.6%, each against the same quarter a year earlier.
14.16
0.16
−1.12%
Follow INMD
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | 6.53 | 6.57 | 22.65 | 20.60 | 18.57 | 14.87 | 13.14 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | — | — | — | 29.38 | 26.60 | 99.27 | 71.03 | 48.25 | 26.80 | 19.78 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 209 | 251 | 311 | 362 | 480 | 581 | 599 | 660 | ||||
| Revenue/emp, $m | — | 0.00 | 0.48 | 0.62 | 0.66 | 0.99 | 0.95 | 0.85 | 0.66 | 0.56 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 53 | 100 | 156 | 206 | 358 | 454 | 492 | 395 | 370 | ||||
| Gross margin, % | — | 83.06 | 84.97 | 87.06 | 85.03 | 85.01 | 83.82 | 83.60 | 80.31 | 78.54 | |||||
| EBT | — | 10 | 24 | 62 | 76 | 168 | 201 | 217 | 143 | 110 | |||||
| EBT margin, % | — | 18.33 | 23.59 | 39.68 | 36.94 | 46.99 | 44.35 | 44.16 | 36.34 | 29.78 | |||||
| Net income | — | 9 | 22 | 61 | 75 | 165 | 162 | 198 | 181 | 94 | |||||
| Depreciation | — | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 1.02 | 1.88 | 2.67 | 2.86 | 4.39 | 5.51 | 5.89 | 4.98 | 5.73 | ||||
| Earnings | — | 0.17 | 0.42 | 1.05 | 1.04 | 2.03 | 1.96 | 2.37 | 2.29 | 1.45 | |||||
| Cash flow | — | 0.28 | 0.69 | 1.06 | 1.10 | 2.15 | 2.20 | 2.12 | 1.67 | 1.32 | |||||
| Capex | — | 0.00 | (0.01) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) | |||||
| Free cash flow | — | 0.27 | 0.69 | 1.05 | 1.09 | 2.14 | 2.18 | 2.11 | 1.66 | 1.30 | |||||
| Book value | — | 0.37 | 0.84 | 3.08 | 3.54 | 5.11 | 6.72 | 9.43 | 8.87 | 10.57 | |||||
| Shares, m | — | 53 | 53 | 58 | 72 | 81 | 82 | 84 | 79 | 65 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 10.66 | 10.66 | 18.95 | 23.27 | 35.11 | 17.99 | 9.34 | 7.05 | 10.06 | ||||
| P/S | — | 2.96 | 2.96 | 7.33 | 8.31 | 16.08 | 6.40 | 3.77 | 3.35 | 2.56 | |||||
| P/B | — | 6.62 | 6.62 | 6.37 | 6.70 | 13.82 | 5.24 | 2.36 | 1.88 | 1.39 | |||||
| EV/Sales | — | 2.29 | 2.29 | 6.09 | 7.04 | 14.91 | 5.20 | 2.27 | 1.84 | 1.06 | |||||
| EV/FCF | — | 7.59 | 7.59 | 15.48 | 18.43 | 30.66 | 13.12 | 6.33 | 5.51 | 4.68 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | 15 | 37 | 62 | 79 | 175 | 182 | 177 | 133 | 85 | ||||
| Capex | — | 0 | 0 | (1) | 0 | (1) | (2) | (1) | (1) | (1) | |||||
| Free cash flow | — | 14 | 37 | 62 | 79 | 174 | 180 | 176 | 132 | 84 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 24 | 48 | 181 | 255 | 418 | 547 | 781 | 645 | 628 | ||||
| Total debt | — | — | — | 1 | 1 | 5 | 5 | — | — | — | |||||
| Net debt | — | (25) | (61) | (193) | (261) | (416) | (547) | (742) | (596) | (555) | |||||
| Shareholders’ equity | — | 19 | 45 | 180 | 255 | 416 | 555 | 787 | 704 | 683 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | 14.64 | 37.13 | 40.84 | 29.19 | 42.61 | 28.77 | 26.25 | 21.99 | 12.09 | ||||
| ROIC | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,709.17 | 267.20 | 65.52 | 41.74 | |||||
| ROE | — | 28.12 | 69.77 | 54.48 | 34.47 | 49.15 | 33.29 | 29.50 | 24.31 | 13.53 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
InMode Ltd. vs peers in Medical Devices (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LMRI Lumexa Imaging Holdings, Inc. | $1.0B | — (loss-making) | 14.2× | +7.82% (above 0%: growing) | n/m | +257.54% (above 0%: growing) | 14.72% | 8.72% | Compare |
| PRCT PROCEPT BioRobotics Corporation | $1.0B | — (loss-making) | — (loss-making) | +19.34% (above 0%: growing) | n/m | −24.43% (below 0%: shrinking) | 66.01% | (28.98%) | Compare |
| QDEL QuidelOrtho Corporation | $953.9M | — (loss-making) | — (loss-making) | +2.77% (above 0%: growing) | n/m | −61.45% (below 0%: shrinking) | 43.26% | (3.46%) | Compare |
| BBNX Beta Bionics, Inc. | $933.8M | — (loss-making) | — (loss-making) | +37.76% (above 0%: growing) | n/m | −1.87% (below 0%: shrinking) | 59.04% | (79.90%) | Compare |
| SIBN SiBone | $892.3M | — (loss-making) | — (loss-making) | +15.18% (above 0%: growing) | n/m | +60.12% (above 0%: growing) | 79.54% | (8.58%) | Compare |
| AHCO AdaptHealth Corp. | $871.2M | — (loss-making) | 13.2× | +12.66% (above 0%: growing) | n/m | −128.56% (below 0%: shrinking) | 14.08% | (18.61%) | Compare |
| INMD InMode Ltd. | $824.0M | 11.3× | 11.8× | −0.01% (below 0%: shrinking) | −30.95% (below 0%: shrinking) | −12.63% (below 0%: shrinking) | 74.82% | 12.82% | |
| VREX VAREX IMAGING | $784.3M | 34.7× | 43.4× | +3.69% (above 0%: growing) | n/m | +757.14% (above 0%: growing) | 36.44% | 10.83% | Compare |
| CTKB Cytek Biosciences, Inc. | $703.2M | — (loss-making) | — (loss-making) | +5.57% (above 0%: growing) | n/m | +42.50% (above 0%: growing) | 58.87% | (23.68%) | Compare |
| Median of peers | $913.1M | — | 14.2× | +10.24% | — | +20.32% | 51.07% | (13.59%) |
InMode Ltd. (INMD) key facts
- Concern: InMode Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $370.5 million, down 6.16% from fiscal 2024.
- InMode Ltd. (INMD) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
- As of October 16, 2026, INMD traded at $14.16, a market capitalization of $824.0 million.
- Return on equity was 13.5% and debt-to-equity 0.00.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 10.45 (safe zone) for fiscal 2025.