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SkinHealth Systems Inc.

EDGAR
SKIN Current report (8-K) · filed 2026-10-14

Annual consolidated revenue for 2025: about USD 300.8M, using the latest reported figures. The previous period, 2024, was about USD 334.3M.

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Watchlist

Latest quarter

Revenue

72.1 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

4.95%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: 3572000 USD Source
  • Revenue: 72113000 USD Source

Operating cash flow

2.67 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2883000 USD Source
  • Operating Cash Flow: -5554000 USD Source

Free cash flow

2.24 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -2883000 USD Source
  • Operating Cash Flow: -5554000 USD Source
  • Capital Expenditure: 651000 USD Source
  • Capital Expenditure: 224000 USD Source
Cash and cash equivalents
523 million USD Source
Exact value

523025000 USD

Long-term debt including current maturities
363 million USD Source
Exact value

363388000 USD

Shares outstanding
130 million shares Source
Exact value

130104671 shares

Reported share-count change

2.63% · 3.34 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 126764562 shares · 2025-06-30· Source
  • 130104671 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

290 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 70655000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 300790000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 218422000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 64910000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 72113000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-28.4 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: -11031000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -9519000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -1415000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -6630000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -2669000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

22 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 22289000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 12642000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 37485000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 22289000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -5554000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -2883000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -5554000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

817 thousand USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 164000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 137000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 303000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 164000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 224000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 651000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 224000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

21.1 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 22289000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 12642000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 37485000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 22289000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -5554000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -2883000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -5554000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 164000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 137000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 303000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 164000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 224000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 651000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 224000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-14.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • Net income: 7 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • Total liabilities: 6 of 11 periods available· newest 2025-12-31
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2023-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2024-12-31
  • Shares outstanding: 7 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -10%

    Prior period

    USD 334.29 million

    –

    Current period

    USD 300.79 million

    –

    Exact inputs and evidence

    300790000 − 334294000 = -33504000 USD

    334294000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    300790000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 19.58 million

    Prior period

    −USD 29.1 million

    –

    Current period

    −USD 9.52 million

    –

    Exact inputs and evidence

    -9519000 − -29098000 = 19579000 USD

    -29098000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -9519000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +132.3%

    Prior period

    USD 16.13 million

    –

    Current period

    USD 37.49 million

    –

    Exact inputs and evidence

    37485000 − 16134000 = 21351000 USD

    16134000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    37485000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -59.9%

    Prior period

    USD 756,000

    –

    Current period

    USD 303,000

    –

    Exact inputs and evidence

    303000 − 756000 = -453000 USD

    756000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    303000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 300.79 million 100% of revenue
  • Cost of revenue USD 104.43 million 35% of revenue
  • Operating expenses USD 217.17 million 72% of revenue
  • Operating income −USD 20.8 million −6.9% of revenue
  • Tax, interest and other Derived −USD 11.28 million −3.8% of revenue
  • Net income −USD 9.52 million −3.2% of revenue

Cash

  • Operating cash flow USD 37.49 million 12% of revenue
  • Capital expenditure USD 303,000 0.1% of revenue
  • Free cash flow Derived USD 37.18 million 12% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Net loss: net income was −1% of revenue.
  • 2020 Operating loss: operating costs were 114% of revenue.
  • 2021 Operating loss: operating costs were 115% of revenue.
  • 2022 Operating loss: operating costs were 107% of revenue.
  • 2023 Operating loss: operating costs were 133% of revenue.
  • 2024 Operating loss: operating costs were 120% of revenue.
  • 2025 Operating loss: operating costs were 107% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-31166623000 153161000 Derived 13462000 15100000 Derived -1638000 -7046000 Derived
Source
2020 2020-01-01 – 2020-12-31119092000 136274000 Derived -17182000 11993000 Derived -29175000 -15937000 Derived
Source
2021 2021-01-01 – 2021-12-31260086000 300014000 Derived -39928000 338836000 Derived -378764000 -39562000 Derived
Source
2022 2022-01-01 – 2022-12-31365876000 391717000 Derived -25841000 -70065000 Derived 44224000 -117447000 Derived
Source
2023 2023-01-01 – 2023-12-31397991000 528908000 Derived -130917000 -30801000 Derived -100116000 17925000 Derived
Source
2024 2024-01-01 – 2024-12-31334294000 402068000 Derived -67774000 -38676000 Derived -29098000 15378000 Derived
Source
2025 2025-01-01 – 2025-12-31300790000 321593000 Derived -20803000 -11284000 Derived -9519000 37182000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 300.8M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.429.8M322.4M214.9M107.5M0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Revenue166623000
2020Revenue119092000
2021Revenue260086000
2022Revenue365876000
2023Revenue397991000
2024Revenue334294000
2025Revenue300790000

Revenue growth

Change in revenue from the same financial period one year earlier.

-10% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.130%88%45%2%-40%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year-28.5%
2021Year over year118.4%
2022Year over year40.7%
2023Year over year8.8%
2024Year over year-16%
2025Year over year-10%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -6.9% 2025
Net margin -3.2% 2025
Free cash flow margin 12.4% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25%-21%-67%-112%-158%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin8.1%
2020Operating margin-14.4%
2021Operating margin-15.4%
2022Operating margin-7.1%
2023Operating margin-32.9%
2024Operating margin-20.3%
2025Operating margin-6.9%
2019Net margin-1%
2020Net margin-24.5%
2021Net margin-145.6%
2022Net margin12.1%
2023Net margin-25.2%
2024Net margin-8.7%
2025Net margin-3.2%
2019Free cash flow margin-4.2%
2020Free cash flow margin-13.4%
2021Free cash flow margin-15.2%
2022Free cash flow margin-32.1%
2023Free cash flow margin4.5%
2024Free cash flow margin4.6%
2025Free cash flow margin12.4%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 37.5M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.49.0M7.2M-34.6M-76.3M-118.1M201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Operating cash flow1728000
2020Operating cash flow-12436000
2021Operating cash flow-28361000
2022Operating cash flow-106600000
2023Operating cash flow21750000
2024Operating cash flow16134000
2025Operating cash flow37485000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 37.2M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.49.6M4.7M-40.1M-85.0M-129.8M201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2019Free cash flow-7046000
2020Free cash flow-15937000
2021Free cash flow-39562000
2022Free cash flow-117447000
2023Free cash flow17925000
2024Free cash flow15378000
2025Free cash flow37182000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

87.8% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.123%92%61%31%0%2019-12-3120222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Liabilities / assetsNot reportedNo source recorded
2020Liabilities / assets113.4%
2021Liabilities / assets75.2%
2022Liabilities / assets83.3%
2023Liabilities / assets93.6%
2024Liabilities / assets92.4%
2025Liabilities / assets87.8%

Current assets to current liabilities

Current assets divided by current liabilities.

1.66× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.14.14×10.61×7.07×3.54×0.00×2019-12-3120222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019-12-31Current assets / current liabilitiesNot reportedNo source recorded
2020Current assets / current liabilities1.91×
2021Current assets / current liabilities13.09×
2022Current assets / current liabilities10.92×
2023Current assets / current liabilities6.07×
2024Current assets / current liabilities7×
2025Current assets / current liabilities1.66×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
−USD 1.64 million
Exact value

Exact value: -1638000 USD

2019-01-01 – 2019-12-31: -1638000 USD Inspect Net Income Open source
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USD 1.73 million
Exact value

Exact value: 1728000 USD

2019-01-01 – 2019-12-31: 1728000 USD Inspect Operating Cash Flow Open source
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USD 8.77 million
Exact value

Exact value: 8774000 USD

2019-01-01 – 2019-12-31: 8774000 USD Inspect Capital Expenditure Open source
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−USD 7.05 million
Calculation and evidence

1728000 − 8774000 USD

Exact free cash flow: -7046000 USD

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2020 2020-01-01 – 2020-12-31
−USD 29.18 million
Exact value

Exact value: -29175000 USD

2020-01-01 – 2020-12-31: -29175000 USD Inspect Net Income Open source
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−USD 12.44 million
Exact value

Exact value: -12436000 USD

2020-01-01 – 2020-12-31: -12436000 USD Inspect Operating Cash Flow Open source
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USD 3.5 million
Exact value

Exact value: 3501000 USD

2020-01-01 – 2020-12-31: 3501000 USD Inspect Capital Expenditure Open source
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−USD 15.94 million
Calculation and evidence

-12436000 − 3501000 USD

Exact free cash flow: -15937000 USD

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2021 2021-01-01 – 2021-12-31
−USD 378.76 million
Exact value

Exact value: -378764000 USD

2021-01-01 – 2021-12-31: -378764000 USD Inspect Net Income Open source
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−USD 28.36 million
Exact value

Exact value: -28361000 USD

2021-01-01 – 2021-12-31: -28361000 USD Inspect Operating Cash Flow Open source
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USD 11.2 million
Exact value

Exact value: 11201000 USD

2021-01-01 – 2021-12-31: 11201000 USD Inspect Capital Expenditure Open source
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−USD 39.56 million
Calculation and evidence

-28361000 − 11201000 USD

Exact free cash flow: -39562000 USD

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2022 2022-01-01 – 2022-12-31
USD 44.22 million
Exact value

Exact value: 44224000 USD

2022-01-01 – 2022-12-31: 44224000 USD Inspect Net Income Open source
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−USD 106.6 million
Exact value

Exact value: -106600000 USD

2022-01-01 – 2022-12-31: -106600000 USD Inspect Operating Cash Flow Open source
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USD 10.85 million
Exact value

Exact value: 10847000 USD

2022-01-01 – 2022-12-31: 10847000 USD Inspect Capital Expenditure Open source
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−USD 117.45 million
Calculation and evidence

-106600000 − 10847000 USD

Exact free cash flow: -117447000 USD

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2023 2023-01-01 – 2023-12-31
−USD 100.12 million
Exact value

Exact value: -100116000 USD

2023-01-01 – 2023-12-31: -100116000 USD Inspect Net Income Open source
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USD 21.75 million
Exact value

Exact value: 21750000 USD

2023-01-01 – 2023-12-31: 21750000 USD Inspect Operating Cash Flow Open source
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USD 3.83 million
Exact value

Exact value: 3825000 USD

2023-01-01 – 2023-12-31: 3825000 USD Inspect Capital Expenditure Open source
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USD 17.93 million
Calculation and evidence

21750000 − 3825000 USD

Exact free cash flow: 17925000 USD

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2024 2024-01-01 – 2024-12-31
−USD 29.1 million
Exact value

Exact value: -29098000 USD

2024-01-01 – 2024-12-31: -29098000 USD Inspect Net Income Open source
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USD 16.13 million
Exact value

Exact value: 16134000 USD

2024-01-01 – 2024-12-31: 16134000 USD Inspect Operating Cash Flow Open source
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USD 756,000
Exact value

Exact value: 756000 USD

2024-01-01 – 2024-12-31: 756000 USD Inspect Capital Expenditure Open source
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USD 15.38 million
Calculation and evidence

16134000 − 756000 USD

Exact free cash flow: 15378000 USD

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2025 2025-01-01 – 2025-12-31
−USD 9.52 million
Exact value

Exact value: -9519000 USD

2025-01-01 – 2025-12-31: -9519000 USD Inspect Net Income Open source
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USD 37.49 million
Exact value

Exact value: 37485000 USD

2025-01-01 – 2025-12-31: 37485000 USD Inspect Operating Cash Flow Open source
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USD 303,000
Exact value

Exact value: 303000 USD

2025-01-01 – 2025-12-31: 303000 USD Inspect Capital Expenditure Open source
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USD 37.18 million
Calculation and evidence

37485000 − 303000 USD

Exact free cash flow: 37182000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

33 filings · 1,986 latest values · 1,986 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001818093, 1818093, SKIN, edgar:1818093

Also known as Beauty Health Co, SkinHealth Systems Inc., The Beauty Health Company, Vesper Healthcare Acquisition Corp.