InsiderClue
Stocks · Health care · Electromedical & Electrotherapeutic Apparatus

InMode Ltd.

INMD Clue Score52
Israel Fiscal year ends December CIK 0001742692
$14.21 +0.92% Close, 9 Oct 2026
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Price $14.21 −79.54% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 8 Aug 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue53.5Operating income9.0Net income8.8EPS, diluted0.26Fiscal year 2018Revenue100.2 +87.4%Operating income23.5Net income22.4 +153.7%EPS, diluted0.62Fiscal year 2019Revenue156.4 +56.1%Operating income59.6Net income61.1 +173.3%EPS, diluted0.80Fiscal year 2020Revenue206.1 +31.8%Operating income72.8Net income75.0 +22.7%EPS, diluted0.89Fiscal year 2021Revenue357.6 +73.5%Operating income167.5Net income165.0 +119.9%EPS, diluted1.92Fiscal year 2022Revenue454.3 +27.0%Operating income197.9Net income161.5 −2.1%EPS, diluted1.89Fiscal year 2023Revenue492.0 +8.3%Operating income195.7Net income197.9 +22.5%EPS, diluted2.30Fiscal year 2024Revenue394.8 −19.8%Operating income112.5Net income181.3 −8.4%EPS, diluted2.25Fiscal year 2025Revenue370.5 −6.2%Operating income85.4Net income93.8 −48.2%EPS, diluted1.43
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 53.5 100.2 156.4 206.1 357.6 454.3 492.0 394.8 370.5
Growth +87.4% +56.1% +31.8% +73.5% +27.0% +8.3% −19.8% −6.2%
Operating income 9.0 23.5 59.6 72.8 167.5 197.9 195.7 112.5 85.4
Net income 8.8 22.4 61.1 75.0 165.0 161.5 197.9 181.3 93.8
Growth +153.7% +173.3% +22.7% +119.9% −2.1% +22.5% −8.4% −48.2%
EPS, diluted 0.26 0.62 0.80 0.89 1.92 1.89 2.30 2.25 1.43

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin83.1%Operating margin16.7%Net margin16.5%Free cash flow margin27.0%Fiscal year 2018Gross margin85.0%Operating margin23.5%Net margin22.3%Free cash flow margin36.4%Fiscal year 2019Gross margin87.1%Operating margin38.1%Net margin39.1%Free cash flow margin39.3%Fiscal year 2020Gross margin85.0%Operating margin35.3%Net margin36.4%Free cash flow margin38.2%Fiscal year 2021Gross margin85.0%Operating margin46.8%Net margin46.1%Free cash flow margin48.6%Fiscal year 2022Gross margin83.8%Operating margin43.6%Net margin35.6%Free cash flow margin39.6%Fiscal year 2023Gross margin83.6%Operating margin39.8%Net margin40.2%Free cash flow margin35.8%Fiscal year 2024Gross margin80.3%Operating margin28.5%Net margin45.9%Free cash flow margin33.4%Fiscal year 2025Gross margin78.5%Operating margin23.0%Net margin25.3%Free cash flow margin22.7%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 83.1% 85.0% 87.1% 85.0% 85.0% 83.8% 83.6% 80.3% 78.5%
Operating margin 16.7% 23.5% 38.1% 35.3% 46.8% 43.6% 39.8% 28.5% 23.0%
Net margin 16.5% 22.3% 39.1% 36.4% 46.1% 35.6% 40.2% 45.9% 25.3%
Free cash flow margin 27.0% 36.4% 39.3% 38.2% 48.6% 39.6% 35.8% 33.4% 22.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow14.6Capital expenditure−0.2Free cash flow14.4Fiscal year 2018Operating cash flow36.9Capital expenditure−0.4Free cash flow36.5 +153.2%Fiscal year 2019Operating cash flow62.2Capital expenditure−0.7Free cash flow61.5 +68.5%Fiscal year 2020Operating cash flow79.2Capital expenditure−0.5Free cash flow78.8 +28.0%Buybacks−17.2Fiscal year 2021Operating cash flow174.9Capital expenditure−0.9Free cash flow173.9 +120.9%Buybacks−35.4Fiscal year 2022Operating cash flow181.6Capital expenditure−1.6Free cash flow180.0 +3.5%Buybacks−42.6Fiscal year 2023Operating cash flow176.8Capital expenditure−0.7Free cash flow176.1 −2.2%Buybacks0.0Fiscal year 2024Operating cash flow132.7Capital expenditure−0.7Free cash flow132.0 −25.1%Buybacks−285.4Fiscal year 2025Operating cash flow85.3Capital expenditure−1.0Free cash flow84.3 −36.1%Buybacks−127.4
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 14.6 36.9 62.2 79.2 174.9 181.6 176.8 132.7 85.3
Capital expenditure −0.2 −0.4 −0.7 −0.5 −0.9 −1.6 −0.7 −0.7 −1.0
Free cash flow 14.4 36.5 61.5 78.8 173.9 180.0 176.1 132.0 84.3
Growth +153.2% +68.5% +28.0% +120.9% +3.5% −2.2% −25.1% −36.1%
Buybacks n/a n/a n/a −17.2 −35.4 −42.6 0.0 −285.4 −127.4

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash17.6Shareholders’ equity19.5Fiscal year 2018Cash24.7Shareholders’ equity43.3Fiscal year 2019Cash44.7Shareholders’ equity176.1Fiscal year 2020Cash68.9Shareholders’ equity254.0Fiscal year 2021Cash68.1Shareholders’ equity415.8Fiscal year 2022Cash97.5Shareholders’ equity554.6Fiscal year 2023Cash144.4Shareholders’ equity787.4Fiscal year 2024Cash155.3Shareholders’ equity703.8Fiscal year 2025Cash302.5Shareholders’ equity683.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 17.6 24.7 44.7 68.9 68.1 97.5 144.4 155.3 302.5
Shareholders’ equity 19.5 43.3 176.1 254.0 415.8 554.6 787.4 703.8 683.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
83.1% 85.0% 87.1% 85.0% 85.0% 83.8% 83.6% 80.3% 78.5%
16.7% 23.5% 38.1% 35.3% 46.8% 43.6% 39.8% 28.5% 23.0%
18.3% 23.6% 39.7% 36.9% 47.0% 44.3% 44.2% 36.3% 29.8%
16.5% 22.3% 39.1% 36.4% 46.1% 35.6% 40.2% 45.9% 25.3%
27.0% 36.4% 39.3% 38.2% 48.6% 39.6% 35.8% 33.4% 22.7%
Spending
4.8% 4.2% 3.6% 4.6% 2.7% 2.7% 2.7% 3.3% 3.6%
8.2% 4.8% 2.5% 3.1% 2.4% 2.2% 1.9% 2.5% 3.2%
0.4% 0.4% 0.4% 0.2% 0.3% 0.3% 0.1% 0.2% 0.3%
10.0% 5.3% 1.4% 1.5% 1.7% 19.8% 8.9% −26.4% 15.0%
Returns
45.3% 51.7% 34.7% 29.5% 39.7% 29.1% 25.1% 25.8% 13.7%
n/a 27.6% 28.0% 25.4% 34.5% 25.1% 22.9% 23.1% 12.2%
Balance and payout
n/a 42.2% 17.7% 13.6% 13.1% 13.9% 8.8% 10.4% 10.9%
n/a n/a n/a 21.9% 20.3% 23.7% 0.0% 216.2% 151.2%