Skinhealth Systems Inc

investors.beautyhealth.com

What Do They Do?

Sells Hydrafacial skin-treatment devices and the single-use tips, solutions and serums used with them, plus SkinStylus microneedling systems, to medical and aesthetic providers and beauty retailers.

How Do They Make Money?

The company sells Delivery Systems and Consumables, which providers can buy together or separately; providers reorder Consumables as supplies run out. Sales are counted at shipment, while payment terms vary but typically require payment within less than a year.

revenue

Segment	Share	Revenue	How money arrives
Delivery Systems Sold outright	29% FY2022: 56%		Sold outright
Consumables Sold outright	71% FY2022: 44%		Sold outright

Who Are Their Customers?

Customers include medical and aesthetic providers, plus beauty businesses such as spas, hotels and retailers. The company sells directly in some countries, and through distributors or a mix of the two in others.

Do Revenues Turn Into Profits?

Not on paper. It lost $9.5M in FY2025, but brought in more cash than it spent: $37.2M of free cash flow.

Operating income, FY2025

−7% of revenue

▼ −69% (Loss) vs FY2024 (−$67.8M, −20%)

Net income, FY2025

−3% of revenue

▼ −67% (Loss) vs FY2024 (−$29.1M, −9%)

Free cash flow, FY2025

12% of revenue

▲ +142% vs FY2024 ($15.4M, 5%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −8%; vs $78.2M in Q2 FY2025
Net income: ▼ Now a loss; vs $19.7M in Q2 FY2025

Consumables share of revenue vs 71.4% in Q2 FY2025

Aug 6, 2026 Revised 2026 financial guidance Net sales guidance was $65–$70 million for the third quarter and $280–$290 million for fiscal year 2026.
May 12, 2026 Nasdaq notified the company of a minimum-bid-price deficiency The company had 180 calendar days to regain compliance or risk a delisting notice.

Growing. Revenue grew 16% in 4 years, from $260.1M in FY2021 to $300.8M in FY2025, about 4% a year.

Broader treatment portfolio The older overview centers on Hydrafacial, while the latest overview also describes SkinStylus microneedling and HydraScalp as complementary offerings.

Revenue over time

Delivery Systems Consumables

$500M$250M$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with DiamondGlow, Dermasweep, Cartessa, OxyGeneo, Venus Glow, JetPeel, SaltFacial, and Glownar

Comments