InMode (INMD) Projects Q4 Revenue of $103.6M to $103.8M, Up from Last Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
0mins
Should l Buy INMD?
Source: NASDAQ.COM
- Revenue Expectations Rise: InMode anticipates fourth-quarter revenue between $103.6 million and $103.8 million, an increase from last year's $97.9 million, indicating sustained growth potential in the medical device market.
- Annual Revenue Forecast Decline: Despite the strong fourth-quarter outlook, InMode expects fiscal 2025 revenue to range from $370.2 million to $370.4 million, down from $394.8 million last year, reflecting challenges from increased market competition and demand fluctuations.
- Future Outlook: The company projects fiscal 2026 revenue between $365 million and $375 million, suggesting that InMode is still pursuing long-term growth opportunities despite short-term challenges, particularly in the medical device sector.
- Earnings Release Schedule: InMode plans to release its financial results for the fourth quarter and full year of 2025 on February 10, which will provide investors with deeper insights into the company's financial health and future strategies.
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Analyst Views on INMD
Wall Street analysts forecast INMD stock price to rise
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 14.300
Low
15.00
Averages
17.33
High
21.00
Current: 14.300
Low
15.00
Averages
17.33
High
21.00
About INMD
Inmode Ltd is an Israel-based global provider of energy-based, minimally-invasive surgical medical treatment solutions. Company's products and solutions are primarily designed to address three energy-based treatment categories comprised of: face and body contouring; medical aesthetics; and women’s health. The Company have developed and commercialized products utilizing medically-accepted RF energy technology, which can penetrate deep into the subdermal fat, allowing adipose tissue remodeling. It's RF energy-based proprietary technologies - Radio Frequency Assisted Lipolysis (RFAL), Deep Subdermal Fractional RF, Simultaneous Fat Destruction and Skin Tightening and Deep Heating Collagen Remodeling for skin and human natural openings- represent a paradigm shift in the minimally-invasive aesthetic solutions market. These technologies are used by physicians to remodel subdermal adipose, or fatty tissue in a variety of procedures.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Revenue Performance: InMode reported fourth-quarter revenues of $103.854 million for 2025, a 6% increase from $97.853 million in Q4 2024, yet the full-year revenue of $370.495 million reflects a 6% decline compared to 2024, indicating a trend of weakening market demand.
- Net Income Decline: The net income for Q4 2025 was $27.025 million, translating to earnings per diluted share of $0.42, significantly down from $82.771 million and $1.14 per share in Q4 2024, highlighting the challenges and cost pressures faced by the company.
- Margin Fluctuations: The GAAP gross margin for Q4 2025 was 78%, down 1 percentage point from 79% in Q4 2024, while the non-GAAP gross margin also decreased by 1 percentage point to 79%, indicating difficulties in cost management.
- Future Outlook: Management anticipates launching two new laser platforms in 2026, aiming to enhance their customer base and strengthen long-term market positioning despite the current uncertain market environment.
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- Quarterly Revenue Growth: InMode's GAAP revenue for Q4 2025 reached $103.9 million, a 6% increase from $97.9 million in Q4 2024, indicating sustained demand in the medical technology sector despite ongoing market challenges.
- Annual Performance Decline: The full-year revenue for 2025 was $370.5 million, reflecting a 6% year-over-year decrease, highlighting the impact of global uncertainties on the company's performance, particularly in the North American market.
- Shareholder Return Strategy: In 2025, InMode returned $127.4 million to shareholders through share repurchases, demonstrating a disciplined approach to capital allocation and commitment to shareholder value, even amidst declining overall revenues.
- Future Outlook: Management anticipates revenues between $365 million and $375 million for 2026, with plans to launch two new laser platforms aimed at strengthening market position and meeting customer needs, showcasing confidence in future growth.
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- Strong Earnings Report: InMode's Q4 2025 non-GAAP EPS of $0.46 exceeded expectations by $0.04, indicating a sustained improvement in profitability and reflecting robust performance in the medical aesthetics market.
- Revenue Growth: The total revenue for Q4 reached $103.9 million, a 6.1% year-over-year increase, surpassing market expectations by $2.24 million, which demonstrates ongoing demand for its products and services, enhancing its competitive position.
- Healthy Cash Reserves: As of December 31, 2025, InMode's total cash position, including cash and cash equivalents, marketable securities, and short-term bank deposits, stood at $555.3 million, providing strong financial support for future investments and operations.
- 2026 Financial Outlook: Management anticipates revenues between $365 million and $375 million for 2026, with non-GAAP gross margins expected between 75% and 77%, reflecting confidence in future growth while also indicating a cautious approach to market expectations.
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- Earnings Announcement: InMode (INMD) is set to release its Q4 earnings on February 10 before market open, with consensus EPS estimate at $0.42 (flat YoY) and revenue estimate at $101.66 million (+3.8% YoY), indicating the company's efforts to maintain stable revenue.
- Performance Beat Record: Over the past two years, InMode has exceeded EPS and revenue estimates 63% of the time, showcasing its ability in managing market expectations and performance, which may bolster investor confidence.
- Strategic Evaluation Update: InMode's stock has gained traction amid reports of Steel Partners making an offer for a majority stake, potentially opening new avenues for the company's strategic direction and shareholder value creation.
- Market Analysis Insights: Despite discussions around strategic alternatives, analysts suggest that InMode's shares remain undervalued, indicating a cautious market sentiment regarding its future growth potential, making the upcoming earnings report crucial for assessing the company's outlook.
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- Strategic Review Initiated: InMode announced it is evaluating strategic alternatives and has formed a committee of independent directors to oversee the review process, responding to Steel Partners' non-binding acquisition proposal, which could significantly influence the company's future direction.
- Acquisition Proposal Details: Steel Partners confirmed it has made an $18 per share bid to acquire 51% of InMode's outstanding shares, indicating recognition of the company's value and potentially prompting a market reassessment of InMode's future strategies.
- Transaction Uncertainty: InMode stated that there can be no assurance that the review will result in a transaction or any other strategic outcome, which may affect investor confidence despite the stock price increase following the announcement.
- Positive Market Reaction: Following the news, InMode's shares rose 4.3%, reflecting market optimism regarding the potential acquisition while highlighting investor interest in the company's strategic adjustments.
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- Acquisition Proposal Evaluation: InMode is currently evaluating a non-binding proposal from Steel Partners to acquire 51% of its outstanding shares, indicating the company's attentiveness to market dynamics and its focus on potential strategic alternatives.
- Independent Committee Formation: The company has established a committee of independent directors to oversee the evaluation of the acquisition proposal and has retained independent legal and financial advisors to ensure transparency and compliance in the review process.
- Response to Market Rumors: While the company typically refrains from commenting on market rumors, this statement underscores its commitment to transparency with investors, aiming to protect shareholder interests and bolster market confidence.
- Future Uncertainty: The company has not assured that the evaluation will lead to a transaction or any other strategic outcome, highlighting the current market environment's uncertainty and its impact on future decision-making.
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