Airsculpt Technologies, Inc. Financials
This page shows Airsculpt Technologies, Inc. (AIRS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Airsculpt Technologies, Inc. has an operating margin of -1.0%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 4.8% the prior year.
Airsculpt Technologies, Inc.'s revenue declined 7.9% year-over-year, from $195.9M to $180.3M. This contraction results in a growth score of 6/100.
Airsculpt Technologies, Inc. carries a low D/E ratio of 0.83, meaning only $0.83 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Airsculpt Technologies, Inc.'s current ratio of 0.60 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 4/100, which could limit financial flexibility.
While Airsculpt Technologies, Inc. generated $11.3M in operating cash flow, capex of $14.0M consumed most of it, leaving -$2.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Airsculpt Technologies, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Airsculpt Technologies, Inc. generates $-1.38 in operating cash flow ($11.3M OCF vs -$8.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Airsculpt Technologies, Inc. earns $-0.3 in operating income for every $1 of interest expense (-$1.8M vs $6.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Airsculpt Technologies, Inc. generated $180.3M in revenue in fiscal year 2024. This represents a decrease of 7.9% from the prior year.
Airsculpt Technologies, Inc.'s EBITDA was $10.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.0% from the prior year.
Airsculpt Technologies, Inc. generated -$2.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 118.9% from the prior year.
Airsculpt Technologies, Inc. reported -$8.3M in net income in fiscal year 2024. This represents a decrease of 84.2% from the prior year.
Airsculpt Technologies, Inc. earned $-0.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 75.0% from the prior year.
Airsculpt Technologies, Inc. held $8.2M in cash against $65.5M in long-term debt as of fiscal year 2024.
Airsculpt Technologies, Inc. had 58M shares outstanding in fiscal year 2024. This represents an increase of 1.8% from the prior year.
Airsculpt Technologies, Inc.'s gross margin was 60.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.8 percentage points from the prior year.
Airsculpt Technologies, Inc.'s operating margin was -1.0% in fiscal year 2024, reflecting core business profitability. This is down 5.8 percentage points from the prior year.
Airsculpt Technologies, Inc.'s net profit margin was -4.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.3 percentage points from the prior year.
Airsculpt Technologies, Inc. invested $14.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 41.2% from the prior year.
AIRS Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35.0M-20.5% | $44.0M+11.8% | $39.4M+0.5% | $39.2M-7.9% | $42.5M-16.6% | $51.0M+7.1% | $47.6M0.0% | $47.6M |
| Cost of Revenue | $14.9M-13.6% | $17.2M+7.8% | $15.9M-4.8% | $16.7M-5.7% | $17.8M-5.6% | $18.8M+4.4% | $18.0M+1.0% | $17.9M |
| Gross Profit | $20.1M-24.9% | $26.8M+14.5% | $23.4M+4.4% | $22.4M-9.5% | $24.8M-23.0% | $32.2M+8.8% | $29.6M-0.5% | $29.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.5M-13.9% | $22.7M+4.1% | $21.8M-6.8% | $23.4M-8.4% | $25.5M-25.6% | $34.3M+117.5% | $15.8M-38.4% | $25.6M |
| Operating Income | -$9.8M-1340.5% | $786K+149.5% | -$1.6M+61.5% | -$4.1M-11.2% | -$3.7M+25.4% | -$5.0M-145.2% | $11.0M+684.3% | $1.4M |
| Interest Expense | $1.4M-9.9% | $1.6M-3.9% | $1.6M+1.0% | $1.6M+1.1% | $1.6M+5.0% | $1.5M-1.1% | $1.5M+49.8% | $1.0M |
| Income Tax | -$1.6M-789.2% | -$185K+49.6% | -$367K+48.0% | -$706K-196.3% | $733K+122.3% | -$3.3M-195.3% | $3.5M-30.4% | $5.0M |
| Net Income | -$9.5M-1509.5% | -$591K+79.2% | -$2.8M+43.4% | -$5.0M+16.7% | -$6.0M-88.4% | -$3.2M-153.2% | $6.0M+231.8% | -$4.6M |
| EPS (Diluted) | $-0.15-1400.0% | $-0.01+80.0% | $-0.05+37.5% | $-0.08+20.0% | $-0.10-66.7% | $-0.06-160.0% | $0.10+225.0% | $-0.08 |
AIRS Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $185.9M-6.3% | $198.4M-2.4% | $203.3M-3.2% | $210.0M+0.8% | $208.2M-0.9% | $210.1M+3.6% | $202.7M-0.6% | $204.0M |
| Current Assets | $12.2M-25.5% | $16.4M+7.2% | $15.3M-10.6% | $17.1M+32.8% | $12.9M-40.6% | $21.7M+44.7% | $15.0M-6.1% | $16.0M |
| Cash & Equivalents | $5.4M-34.0% | $8.2M+47.5% | $5.6M-32.6% | $8.2M+37.9% | $6.0M-39.5% | $9.9M-10.1% | $11.0M+6.9% | $10.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $81.7M0.0% | $81.7M0.0% | $81.7M0.0% | $81.7M0.0% | $81.7M0.0% | $81.7M0.0% | $81.7M0.0% | $81.7M |
| Total Liabilities | $103.8M-3.2% | $107.2M-14.9% | $125.9M-3.7% | $130.7M+4.0% | $125.7M+0.5% | $125.1M+4.9% | $119.2M-0.7% | $120.0M |
| Current Liabilities | $24.2M-6.5% | $25.8M-3.6% | $26.8M-6.4% | $28.6M+12.9% | $25.3M+0.9% | $25.1M+15.4% | $21.8M+7.1% | $20.3M |
| Long-Term Debt | $51.9M-2.4% | $53.2M-17.2% | $64.3M-1.8% | $65.5M-1.5% | $66.4M-1.7% | $67.5M-1.4% | $68.5M-1.4% | $69.5M |
| Total Equity | $82.1M-9.9% | $91.2M+17.9% | $77.3M-2.5% | $79.3M-3.9% | $82.5M-2.9% | $85.0M+1.8% | $83.5M-0.6% | $84.0M |
| Retained Earnings | -$40.8M-30.4% | -$31.2M-1.9% | -$30.6M-10.2% | -$27.8M-22.1% | -$22.8M-36.1% | -$16.7M-23.7% | -$13.5M+30.8% | -$19.6M |
AIRS Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$225K-104.5% | $5.0M+474.2% | $868K-68.0% | $2.7M+48.3% | $1.8M-46.8% | $3.4M+2.3% | $3.4M-30.8% | $4.9M |
| Capital Expenditures | $180K-32.1% | $265K-86.1% | $1.9M-46.1% | $3.5M-28.0% | $4.9M+21.9% | $4.0M+157.2% | $1.6M-14.5% | $1.8M |
| Free Cash Flow | -$405K-108.6% | $4.7M+556.8% | -$1.0M-26.7% | -$815K+73.4% | -$3.1M-432.8% | -$576K-131.9% | $1.8M-40.7% | $3.0M |
| Investing Cash Flow | -$180K+32.1% | -$265K+86.1% | -$1.9M+46.1% | -$3.5M+28.0% | -$4.9M-21.9% | -$4.0M-157.2% | -$1.6M+14.5% | -$1.8M |
| Financing Cash Flow | -$2.4M-14.2% | -$2.1M-26.3% | -$1.6M-153.6% | $3.1M+473.1% | -$825K-56.5% | -$527K+51.9% | -$1.1M+23.7% | -$1.4M |
| Dividends Paid | $0 | $0 | $0-100.0% | $238K | $0-100.0% | $14K+7.7% | $13K-92.7% | $179K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
AIRS Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.5%-3.4pp | 60.9%+1.4pp | 59.5%+2.2pp | 57.3%-1.0pp | 58.2%-4.8pp | 63.1%+1.0pp | 62.1%-0.4pp | 62.5% |
| Operating Margin | -27.9%-29.6pp | 1.8%+5.8pp | -4.0%+6.5pp | -10.5%-1.8pp | -8.7%+1.0pp | -9.8%-32.9pp | 23.1%+20.2pp | 2.9% |
| Net Margin | -27.2%-25.8pp | -1.3%+5.9pp | -7.2%+5.6pp | -12.8%+1.3pp | -14.2%-7.9pp | -6.3%-18.9pp | 12.7%+22.3pp | -9.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 7.2% | N/A |
| Return on Assets | -5.1%-4.8pp | -0.3%+1.1pp | -1.4%+1.0pp | -2.4%+0.5pp | -2.9%-1.4pp | -1.5%-4.5pp | 3.0%+5.2pp | -2.2% |
| Current Ratio | 0.51-0.1 | 0.64+0.1 | 0.57-0.0 | 0.60+0.1 | 0.51-0.4 | 0.86+0.2 | 0.69-0.1 | 0.79 |
| Debt-to-Equity | 0.63+0.0 | 0.58-0.2 | 0.830.0 | 0.83+0.0 | 0.80+0.0 | 0.79-0.0 | 0.820.0 | 0.83 |
| FCF Margin | -1.2%-11.9pp | 10.7%+13.3pp | -2.6%-0.5pp | -2.1%+5.1pp | -7.2%-6.1pp | -1.1%-4.9pp | 3.8%-2.6pp | 6.4% |
Note: The current ratio is below 1.0 (0.60), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Airsculpt Technologies, Inc.'s annual revenue?
Airsculpt Technologies, Inc. (AIRS) reported $180.3M in total revenue for fiscal year 2024. This represents a -7.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Airsculpt Technologies, Inc.'s revenue growing?
Airsculpt Technologies, Inc. (AIRS) revenue declined by 7.9% year-over-year, from $195.9M to $180.3M in fiscal year 2024.
Is Airsculpt Technologies, Inc. profitable?
No, Airsculpt Technologies, Inc. (AIRS) reported a net income of -$8.3M in fiscal year 2024, with a net profit margin of -4.6%.
What is Airsculpt Technologies, Inc.'s earnings per share (EPS)?
Airsculpt Technologies, Inc. (AIRS) reported diluted earnings per share of $-0.14 for fiscal year 2024. This represents a -75.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Airsculpt Technologies, Inc.'s EBITDA?
Airsculpt Technologies, Inc. (AIRS) had EBITDA of $10.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Airsculpt Technologies, Inc. have?
As of fiscal year 2024, Airsculpt Technologies, Inc. (AIRS) had $8.2M in cash and equivalents against $65.5M in long-term debt.
What is Airsculpt Technologies, Inc.'s gross margin?
Airsculpt Technologies, Inc. (AIRS) had a gross margin of 60.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Airsculpt Technologies, Inc.'s operating margin?
Airsculpt Technologies, Inc. (AIRS) had an operating margin of -1.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Airsculpt Technologies, Inc.'s net profit margin?
Airsculpt Technologies, Inc. (AIRS) had a net profit margin of -4.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Airsculpt Technologies, Inc.'s free cash flow?
Airsculpt Technologies, Inc. (AIRS) generated -$2.7M in free cash flow during fiscal year 2024. This represents a -118.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Airsculpt Technologies, Inc.'s operating cash flow?
Airsculpt Technologies, Inc. (AIRS) generated $11.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Airsculpt Technologies, Inc.'s total assets?
Airsculpt Technologies, Inc. (AIRS) had $210.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Airsculpt Technologies, Inc.'s capital expenditures?
Airsculpt Technologies, Inc. (AIRS) invested $14.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Airsculpt Technologies, Inc. have outstanding?
Airsculpt Technologies, Inc. (AIRS) had 58M shares outstanding as of fiscal year 2024.
What is Airsculpt Technologies, Inc.'s current ratio?
Airsculpt Technologies, Inc. (AIRS) had a current ratio of 0.60 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Airsculpt Technologies, Inc.'s debt-to-equity ratio?
Airsculpt Technologies, Inc. (AIRS) had a debt-to-equity ratio of 0.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Airsculpt Technologies, Inc.'s return on assets (ROA)?
Airsculpt Technologies, Inc. (AIRS) had a return on assets of -3.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Airsculpt Technologies, Inc.'s Piotroski F-Score?
Airsculpt Technologies, Inc. (AIRS) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Airsculpt Technologies, Inc.'s earnings high quality?
Airsculpt Technologies, Inc. (AIRS) has an earnings quality ratio of -1.38x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Airsculpt Technologies, Inc. cover its interest payments?
Airsculpt Technologies, Inc. (AIRS) has an interest coverage ratio of -0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Airsculpt Technologies, Inc.?
Airsculpt Technologies, Inc. (AIRS) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.