InMode Ltd 6-K, filed Feb 10, 2026

InMode Ltd. (INMD)

6-K 2026-02-10 For: 2026-02-10

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Added on April 04, 2026

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InMode Ltd filed this 6-K on February 10, 2026.

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Exhibit No.		Description of Exhibit
99.1		Press Release dated February 10, 2026

	InMode Ltd.

	By: /s/ Moshe Mizrahy
	Moshe Mizrahy
February 10, 2026	Chief Executive Officer

U.S. GAAP Results (U.S. dollars in thousands, except for per share data)
	Q4 2025	Q4 2024	FY 2025	FY 2024
Revenues	$103,854	$97,853	$370,495	$394,818
Gross Margins	78%	79%	79%	80%
Net Income	$27,025	$82,771	$93,831	$181,275
Earnings per Diluted Share	$0.42	$1.14	$1.43	$2.25
*Non-GAAP Results (U.S. dollars in thousands, except for per share data)
	Q4 2025	Q4 2024	FY 2025	FY 2024
Gross Margins	79%	80%	79%	81%
Net Income	$29,429	$31,081	$105,495	$142,707
Earnings per Diluted Share	$0.46	$0.42	$1.60	$1.76

	Three months ended December 31,					Year Ended December 31,
	2025			2024		2025			2024
REVENUES		103,854			97,853		370,495			394,818
COST OF REVENUES		22,554			20,216		79,525			77,752
GROSS PROFIT		81,300			77,637		290,970			317,066
OPERATING EXPENSES:
Research and development		3,509			2,667		13,319			13,137
Sales and marketing		48,407			44,653		180,578			181,366
General and administrative		3,393			2,453		11,686			10,032
TOTAL OPERATING EXPENSES		55,309			49,773		205,583			204,535
OPERATIONS INCOME		25,991			27,864		85,387			112,531
Finance income, net		5,301			4,346		24,943			30,938
INCOME BEFORE INCOME TAXES		31,292			32,210		110,330			143,469
INCOME TAXES BENEFIT (EXPENSES)		(4,267	)		50,561		(16,499	)		37,806
NET INCOME		27,025			82,771		93,831			181,275

EARNINGS PER SHARE:
Basic		0.43			1.15		1.45			2.29
Diluted		0.42			1.14		1.43			2.25
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF EARNINGS PER SHARE (in thousands)
Basic		63,335			71,874		64,633			79,306
Diluted		64,082			72,787		65,445			80,597

	December 31, 2025		December 31, 2024
Assets
CURRENT ASSETS:
Cash and cash equivalents		302,543		155,329
Marketable securities (amortized cost of $83,542 and $268,129, as of December 31, 2025 and 2024, respectively)		83,632		267,688
Short-term bank deposits		169,159		173,455
Accounts receivable, net of allowance for credit losses of $2,371 and $1,825, as of December 31, 2025 and 2024, respectively		43,504		36,335
Prepaid expenses and other receivables		25,733		22,097
Inventories		74,050		59,548
TOTAL CURRENT ASSETS		698,621		714,452
NON-CURRENT ASSETS:
Accounts receivable, net of allowance for credit losses of $856 and $924 as of December 31, 2025 and 2024, respectively		3,005		3,176
Deferred income tax asset		53,230		56,285
Operating lease right-of-use assets		8,274		8,732
Property and equipment, net		2,599		2,322
Other investments		700		700
TOTAL NON-CURRENT ASSETS		67,808		71,215
TOTAL ASSETS		766,429		785,667
Liabilities and shareholders’ equity
CURRENT LIABILITIES:
Accounts payables		17,912		13,782
Contract liabilities		12,093		16,755
Other liabilities		40,739		39,314
TOTAL CURRENT LIABILITIES		70,744		69,851
NON-CURRENT LIABILITIES:
Contract liabilities		3,043		3,336
Other liabilities		4,436		3,356
Operating lease liabilities		5,008		5,311
TOTAL NON-CURRENT LIABILITIES		12,487		12,003
TOTAL LIABILITIES		83,231		81,854

TOTAL SHAREHOLDERS’ EQUITY		683,198		703,813
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		766,429		785,667

	Three months ended December 31,						Year Ended December 31,
	2025			2024			2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		27,025			82,771			93,831			181,275
Adjustments required to reconcile net income to net cash provided by operating activities:
Depreciation		174			248			695			728
Share-based compensation expenses		2,499			3,447			11,131			16,569
Change in allowance for credit losses of trade receivable		295			158			454			572
Loss (Gain) on marketable securities, net		1			(3	)		15			167
Finance expenses (income), net		(762	)		1,533			498			(4,401	)
Deferred income tax assets, net		864			(55,121	)		2,928			(55,179	)
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable (current and non-current)		(6,358	)		4,025			(7,452	)		5,949
Decrease (increase) in other receivables		(1,275	)		1,879			(3,678	)		(5,698	)
Increase in inventories		(2,647	)		(1,264	)		(14,502	)		(14,453	)
Increase (decrease) in accounts payable		1,188			(531	)		4,129			(184	)
Increase (decrease) in other liabilities (current and non-current)		4,759			(4,243	)		2,163			1,917
Increase (decrease) in contract liabilities (current and non-current)		(3,089	)		(457	)		(4,955	)		5,402
Net cash provided by operating activities		22,674			32,442			85,257			132,664
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in short-term deposits		(113,733	)		(3,500	)		(292,637	)		(168,187	)
Proceeds from short-term deposits		103,389			67,100			293,076			218,740
Purchase of fixed assets		(534	)		(234	)		(972	)		(669	)
Purchase of marketable securities	‐				(59,708	)		(20,877	)		(336,221	)
Proceeds from sale of marketable securities	‐				21,146			17,214			90,754
Proceeds from maturity of marketable securities		38,101			53,012			190,228			357,789
Net cash provided by investing activities		27,223			77,816			186,032			162,206
CASH FLOWS FROM FINANCING ACTIVITIES:
Repurchase of ordinary shares		-			(119,849	)		(127,444	)		(285,385	)
Exercise of options		137			1,420			1,385			2,614
Net cash provided by (used in) financing activities		137			(118,429	)		(126,059	)		(282,771	)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		72			(1,338	)		1,984			(1,181	)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		50,106			(9,509	)		147,214			10,918
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		252,437			164,838			155,329			144,411
CASH AND CASH EQUIVALENTS AT END OF YEAR		302,543			155,329			302,543			155,329

	Three months ended December 31,								Year ended December 31,
	2025				2024				2025				2024
Revenues by Category:

Capital Equipment revenues - United States		46,760	45	%		53,128	55	%		162,158	44	%		204,520	52	%
Capital Equipment revenues - International		35,631	34	%		24,836	25	%		126,960	34	%		111,027	28	%
Total Capital Equipment revenues		82,391	79	%		77,964	80	%		289,118	78	%		315,547	80	%
Consumables and service revenues		21,463	21	%		19,889	20	%		81,377	22	%		79,271	20	%
Total Revenue		103,854	100	%		97,853	100	%		370,495	100	%		394,818	100	%

	Three months ended December 31, 2025									Three months ended December 31, 2024
	GAAP			Share Based Compensation			Non-GAAP			GAAP		Share Based Compensation			Tax benefit (1)			Non-GAAP
REVENUES		103,854			-			103,854			97,853		-			-			97,853
COST OF REVENUES		22,554			(346	)		22,208			20,216		(472	)		-			19,744
GROSS PROFIT		81,300			346			81,646			77,637		472			-			78,109
OPERATING EXPENSES:
Research and development		3,509			(256	)		3,253			2,667		(300	)		-			2,367
Sales and marketing		48,407			(1,589	)		46,818			44,653		(2,360	)		-			42,293
General and administrative		3,393			(308	)		3,085			2,453		(315	)		-			2,138
TOTAL OPERATING EXPENSES		55,309			(2,153	)		53,156			49,773		(2,975	)		-			46,798
OPERATIONS INCOME		25,991			2,499			28,490			27,864		3,447			-			31,311
Finance income, net		5,301			-			5,301			4,346		-			-			4,346
INCOME BEFORE INCOME TAXES		31,292			2,499			33,791			32,210		3,447			-			35,657
INCOME TAXES BENEFIT (EXPENSES)		(4,267	)		(95	)		(4,362	)		50,561		-			(55,137	)		(4,576	)
NET INCOME		27,025			2,404			29,429			82,771		3,447			(55,137	)		31,081

EARNINGS PER SHARE:
Basic		0.43						0.46			1.15								0.43
Diluted		0.42						0.46			1.14								0.42
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF EARNINGS PER SHARE (in thousands)
Basic		63,335						63,335			71,874								71,874
Diluted		64,082						64,443			72,787								73,139

	Year Ended December 31, 2025									Year Ended December 31, 2024
	GAAP			Share Based Compensation			Non-GAAP			GAAP		Share Based Compensation			Tax benefit (1)			Non-GAAP
REVENUES		370,495						370,495			394,818		-			-			394,818
COST OF REVENUES		79,525			(1,333	)		78,192			77,752		(1,833	)		-			75,919
GROSS PROFIT		290,970			1,333			292,303			317,066		1,833			-			318,899
OPERATING EXPENSES:
Research and development		13,319			(1,039	)		12,280			13,137		(2,177	)		-			10,960
Sales and marketing		180,578			(7,685	)		172,893			181,366		(11,367	)					169,999
General and administrative		11,686			(1,074	)		10,612			10,032		(1,192	)		-			8,840
TOTAL OPERATING EXPENSES		205,583			(9,798	)		195,785			204,535		(14,736	)		-			189,799
OPERATIONS INCOME		85,387			11,131			96,518			112,531		16,569			-			129,100
Finance income, net		24,943			-			24,943			30,938		-			-			30,938
INCOME BEFORE INCOME TAXES		110,330			11,131			121,461			143,469		16,569			-			160,038
INCOME TAXES BENEFIT (EXPENSES)		(16,499	)		533			(15,966	)		37,806		-			(55,137	)		(17,331	)
NET INCOME		93,831			11,664			105,495			181,275		16,569			(55,137	)		142,707

EARNINGS PER SHARE:
Basic		1.45						1.63			2.29								1.80
Diluted		1.43						1.60			2.25								1.76
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF EARNINGS PER SHARE (in thousands)
Basic		64,633						64,633			79,306								79,306
Diluted		65,445						65,756			80,597								80,943