SkinHealth Systems Inc.
Business
The Beauty Health Company is a global medical aesthetics company delivering clinically proven device and consumables solutions anchored by Hydrafacial, a non-invasive hydradermabrasion treatment. The company offers complementary brands including SkinStylus microneedling and HydraScalp scalp treatments. Beauty Health sells Delivery Systems (devices) and recurring consumables (tips, solutions, serums, boosters) primarily to professional medical providers, medical spas, and beauty retailers through direct sales and distributor channels in North America, Europe, Asia-Pacific, and other international markets.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 301 | 334 | 398 | 366 | 260 | |
| Cost of sales | 104 | 152 | 243 | 117 | 82 | |
| Gross profit | 196 | 182 | 155 | 249 | 179 | |
| Selling and marketing | 94 | 118 | 144 | 160 | 112 | |
| Research and development | 6 | 6 | 10 | 8 | 8 | |
| General and administrative | 118 | 125 | 131 | 106 | 99 | |
| Total operating expenses | 217 | 250 | 286 | 275 | 218 | |
| Loss from operations | −21 | −68 | −131 | −26 | −40 | |
| Interest expense | 19 | 10 | 14 | 13 | — | |
| Interest income | −9 | −17 | −23 | −9 | −39,000 | |
| Other income, net | −19 | −34 | −5 | 2 | 4 | |
| Change in fair value of warrant liabilities | −487,000 | −3 | −12 | −78 | 277 | |
| Foreign currency transaction (gain) loss, net | −6 | 5 | −2 | 1 | 69,000 | |
| Loss before provision for income taxes | −6 | −30 | −102 | 45 | −381 | |
| Income tax expense (benefit) | 4 | −452,000 | −2 | 1 | −2 | |
| Net loss | −10 | −29 | −100 | 44 | −379 | |
| Foreign currency translation adjustments | 6 | −4 | 1 | −3 | −1 | |
| Comprehensive loss | −4 | −33 | −99 | 41 | −380 | |
| Basic (in dollars per share) | −0.08 | −0.23 | −0.76 | 0.3 | −3.71 | |
| Diluted (in dollars per share) | −0.16 | −0.36 | −0.76 | −0.23 | −3.71 | |
| Basic (in shares) | 126 | 124 | 132 | 148 | 102 | |
| Diluted (in shares) | 136 | 142 | 132 | 149 | 102 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents, and restricted cash | 233 | 370 | 523 | 568 | 902 | |
| Accounts receivable, net of allowances for estimated credit losses of $6,022 and $9,597 at December 31, 2025 and December 31, 2024, respectively | 22 | 28 | 55 | 76 | 47 | |
| Inventories | 48 | 69 | 91 | 110 | 35 | |
| Income tax receivable | 2 | 818,000 | 332,000 | 1 | 5 | |
| Prepaid expenses and other current assets | 5 | 9 | 29 | 28 | 12 | |
| Total current assets | 310 | 477 | 698 | 783 | 1,001 | |
| Property and equipment, net | 3 | 6 | 14 | 18 | 16 | |
| Right-of-use assets, net | 12 | 14 | 12 | 16 | 15 | |
| Intangible assets, net | 36 | 48 | 62 | 46 | 56 | |
| Goodwill | 127 | 123 | 126 | 125 | 124 | |
| Deferred income tax assets, net | 2 | 4 | 531,000 | 815,000 | 330,000 | |
| Other assets | 12 | 14 | 16 | 14 | 7 | |
| TOTAL ASSETS | 500 | 686 | 929 | 1,003 | 1,219 | |
| Current portion of convertible senior notes, net | 124 | 0 | — | — | — | |
| Accounts payable | 16 | 22 | 45 | 28 | 29 | |
| Accrued payroll-related expenses | 25 | 18 | 22 | 22 | 29 | |
| Lease liabilities, current | 5 | 5 | 5 | 5 | 4 | |
| Income tax payable | 1 | 3 | 3 | 1 | 292,000 | |
| Other accrued expenses | 15 | 20 | 20 | 15 | 15 | |
| Total current liabilities | 186 | 68 | 115 | 72 | 76 | |
| Lease liabilities, non-current | 9 | 11 | 9 | 13 | 13 | |
| Deferred income tax liabilities, net | 393,000 | 396,000 | 702,000 | 2 | 4 | |
| Convertible senior notes, net | 240 | 552 | 738 | 734 | 730 | |
| Other long-term liabilities | 2 | 2 | 3 | 0 | 0 | |
| Total liabilities | 439 | 634 | 870 | 836 | 917 | |
| Commitments and Contingencies (Note 8) | — | — | — | — | — | |
| Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 127,520,823 and 124,924,185 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 13,000 | 12,000 | 12,000 | 14,000 | 16,000 | |
| Additional paid-in capital | 580 | 567 | 541 | 550 | 722 | |
| Accumulated other comprehensive loss | −1 | −7 | −3 | −5 | −1 | |
| Accumulated deficit | −517 | −508 | −479 | −379 | −419 | |
| Total stockholders equity | 61 | 52 | 59 | 167 | 298 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 500 | 686 | 929 | 1,003 | 1,219 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Share-based compensation | 15 | 27 | 23 | 28 | 12 | |
| Amortization of intangible assets | 17 | 20 | 21 | 15 | 13 | |
| Depreciation of property and equipment | 4 | 10 | 11 | 7 | 4 | |
| Amortization of other assets | 5 | 4 | 2 | 857,000 | 147,000 | |
| Amortization of debt issuance costs | 4 | 3 | 4 | 4 | — | |
| Inventory write-down | 7 | 28 | 18 | 5 | 1 | |
| Syndeo inventory write-down | 0 | 0 | 20 | 0 | 0 | |
| Provision for estimated credit losses | 2 | 5 | 5 | 2 | 854,000 | |
| Gain on exchange and repurchases of convertible senior notes, net | −18 | −33 | 0 | 0 | — | |
| Deferred income taxes | 2 | −4 | −1 | −2 | — | |
| Other, net | −107,000 | 16 | 7 | 12 | 6 | |
| Accounts receivable | 5 | 21 | 17 | −32 | −31 | |
| Inventories | 16 | −11 | −23 | −84 | −7 | |
| Prepaid expenses, other current assets, and income tax receivable | 3 | 15 | −7 | −14 | −5 | |
| Accounts payable, accrued expenses, and income tax payable | −7 | −44 | 44 | −3 | — | |
| Other, net | −7 | −9 | −8 | −12 | −8 | |
| Net cash provided by operating activities | 37 | 16 | 22 | −107 | −28 | |
| Cash paid for intangible assets | −5 | −6 | −9 | −7 | −4 | |
| Cash paid for property and equipment | −303,000 | −756,000 | −4 | −11 | −11 | |
| Cash paid for asset acquisitions | 0 | 0 | −18 | −1 | 0 | |
| Net cash used for investing activities | −5 | −7 | −32 | −19 | −38 | |
| Repurchase of 2026 Notes in connection with exchange | −393 | 0 | 0 | — | — | |
| Issuance of 2028 Notes in connection with exchange, net | 238 | 0 | 0 | 0 | 750 | |
| Repurchase of 2026 Notes | −18 | −156 | 0 | 0 | — | |
| Payment of tax withholdings on vested stock awards | −2 | −2 | −3 | −927,000 | 0 | |
| Repurchase of common stock | 0 | 0 | −30 | −160 | 0 | |
| Payment of accelerated share repurchases | 0 | 0 | −2 | 0 | 0 | |
| Payment of contingent considerations related to acquisitions | 0 | 0 | −2 | −4 | 0 | |
| Other, net | 0 | −302,000 | 0 | 0 | 0 | |
| Net cash used for financing activities | −175 | −158 | −37 | −205 | 959 | |
| Net change in cash, cash equivalents, and restricted cash | −143 | −149 | −47 | −331 | 893 | |
| Effect of foreign currency translation on cash | 5 | −4 | 2 | −3 | −543,000 | |
| Cash paid for interest | 14 | 8 | 9 | 10 | 10 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SkinHealth Systems Inc.'s CIK number?
SkinHealth Systems Inc.'s SEC CIK number is 0001818093 (1818093). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SkinHealth Systems Inc.'s SEC filings?
All of SkinHealth Systems Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SkinHealth Systems Inc. last report earnings?
SkinHealth Systems Inc. (SKIN) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032099). This is SkinHealth Systems Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is SkinHealth Systems Inc.'s most recent earnings 8-K?
SkinHealth Systems Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-032099. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SkinHealth Systems Inc.'s latest earnings 8-K →
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