NASDAQ : AIRS
AirSculpt Technologies, Inc. — Financial statements
Healthcare · Medical Care Facilities · United States
Last price 1.73 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 124.72M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
AirSculpt Technologies, Inc. (AIRS) reported revenue of 150.72M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 150.72M | 151.82M | 180.35M | 195.92M | 168.79M | 133.31M |
| Cost of Revenue | 50.79M | 51.69M | 64.65M | 67.97M | 58.28M | 41.24M |
| Gross Profit | 99.93M | 100.13M | 115.70M | 127.94M | 110.51M | 92.08M |
| Selling, General & Admin | 93.64M | 92.18M | 105.38M | 108.18M | 105.92M | 69.03M |
| Operating Expenses | 105.90M | 104.96M | 117.27M | 118.43M | 113.98M | 75.63M |
| Operating Income | -5.97M | -4.83M | -1.57M | 9.51M | -3.47M | 16.45M |
| Interest Expense | -5.13M | -6.08M | -6.25M | -6.49M | -6.75M | -4.89M |
| EBT Excluding Unusual Items | -11.10M | -10.91M | -7.81M | 3.02M | -10.22M | 11.56M |
| Merger & Restructuring Charges | -2.15M | -2.15M | ||||
| Gain (Loss) on Sale of Assets | -4.47M | -4.58M | -16.00K | 212.00K | -147.00K | |
| Other Unusual Items | -932.00K | -682.00K | ||||
| Pretax Income | -17.72M | -17.64M | -7.83M | 3.24M | -11.30M | 10.88M |
| Income Tax Expense | -5.99M | -5.97M | 188.00K | 7.48M | 3.38M | 329.00K |
| Net Income | -11.74M | -11.67M | -8.02M | -4.24M | -14.68M | 10.55M |
| Preferred Dividends & Other Adjustments | 10.94M | |||||
| Net Income to Common | -11.74M | -11.67M | -8.02M | -4.24M | -14.68M | -393.00K |
| Shares Outstanding (Basic) | 65.98M | 60.45M | 57.69M | 56.78M | 55.68M | 55.64M |
| Shares Outstanding (Diluted) | 65.98M | 60.45M | 57.69M | 56.78M | 55.68M | 55.64M |
| EPS (Basic) | -0.18 | -0.19 | -0.14 | -0.07 | -0.26 | -0.01 |
| EPS (Diluted) | -0.18 | -0.19 | -0.14 | -0.08 | -0.26 | -0.01 |
| Free Cash Flow | 760.00K | 692.00K | -2.66M | 14.04M | 11.53M | 19.52M |
| Free Cash Flow Per Share | 0.01 | 0.01 | -0.05 | 0.25 | 0.21 | 0.35 |
| Gross Margin | 66.30% | 65.95% | 64.15% | 65.31% | 65.47% | 69.07% |
| Operating Margin | -3.96% | -3.18% | -0.87% | 4.85% | -2.05% | 12.34% |
| Profit Margin | -7.79% | -7.69% | -4.45% | -2.16% | -8.70% | -0.29% |
| Free Cash Flow Margin | 0.50% | 0.46% | -1.47% | 7.17% | 6.83% | 14.64% |
| EBITDA | 6.29M | 7.95M | 10.32M | 19.76M | 4.59M | 23.05M |
| EBITDA Margin | 4.17% | 5.24% | 5.72% | 10.09% | 2.72% | 17.29% |
| D&A For EBITDA | 12.26M | 12.78M | 11.89M | 10.25M | 8.06M | 6.60M |
| EBIT | -5.97M | -4.83M | -1.57M | 9.51M | -3.47M | 16.45M |
| EBIT Margin | -3.96% | -3.18% | -0.87% | 4.85% | -2.05% | 12.34% |
| Effective Tax Rate | 230.98% | 3.02% | ||||
| Advertising Expenses | 27.30M | 33.40M | 25.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 18.82M | 8.45M | 8.23M | 10.26M | 9.62M | 25.35M |
| Cash & Short-Term Investments | 18.82M | 8.45M | 8.23M | 10.26M | 9.62M | 25.35M |
| Other Receivables | 2.36M | 1.50M | 3.06M | 1.94M | 2.83M | |
| Receivables | 2.36M | 1.50M | 3.06M | 1.94M | 2.83M | |
| Prepaid Expenses | 6.31M | 5.51M | 5.83M | 3.76M | 4.23M | 4.09M |
| Total Current Assets | 27.50M | 15.46M | 17.12M | 15.96M | 16.68M | 29.44M |
| Property, Plant & Equipment | 46.59M | 50.27M | 66.91M | 54.32M | 47.97M | 31.79M |
| Goodwill | 81.73M | 81.73M | 81.73M | 81.73M | 81.73M | 81.73M |
| Other Intangible Assets | 34.46M | 36.84M | 41.59M | 46.35M | 51.10M | 55.85M |
| Other Long-Term Assets | 3.00M | 3.01M | 5.43M | 5.66M | 3.28M | 1.74M |
| Total Assets | 193.28M | 187.30M | 212.78M | 204.02M | 200.76M | 200.55M |
| Accounts Payable | 7.26M | 5.37M | 6.26M | 3.92M | 3.84M | 2.67M |
| Accrued Expenses | 3.40M | 3.42M | 7.14M | 4.13M | 9.63M | 6.61M |
| Current Portion of Long-Term Debt | 10.46M | 5.46M | 4.25M | 2.12M | 2.12M | 850.00K |
| Current Portion of Leases | 7.39M | 7.30M | 6.44M | 5.38M | 4.36M | 3.47M |
| Current Unearned Revenue | 3.15M | 1.87M | 1.17M | 1.46M | 2.36M | 2.81M |
| Other Current Liabilities | 3.30M | 4.48M | 3.69M | 3.30M | ||
| Total Current Liabilities | 34.95M | 27.90M | 28.95M | 20.32M | 22.32M | 16.41M |
| Long-Term Debt | 33.11M | 50.59M | 70.46M | 69.50M | 81.42M | 81.75M |
| Long-Term Leases | 19.51M | 20.23M | 27.80M | 22.66M | 19.75M | 14.51M |
| Long-Term Deferred Tax Liabilities | 878.00K | 878.00K | 6.58M | 6.83M | 5.49M | 4.35M |
| Other Long-Term Liabilities | 817.00K | 716.00K | 1.02M | |||
| Total Liabilities | 88.45M | 99.59M | 134.59M | 120.03M | 129.99M | 117.03M |
| Common Stock | 72.00K | 64.00K | 58.00K | 57.00K | 56.00K | 56.00K |
| Additional Paid-In Capital | 149.30M | 128.31M | 107.72M | 103.90M | 85.86M | 83.86M |
| Retained Earnings | -44.08M | -40.57M | -28.90M | -19.55M | -15.07M | -393.00K |
| Comprehensive Income & Other | -460.00K | -96.00K | -687.00K | -412.00K | -76.00K | |
| Shareholders' Equity | 104.83M | 87.71M | 78.19M | 83.99M | 70.77M | 83.53M |
| Total Liabilities & Equity | 193.28M | 187.30M | 212.78M | 204.02M | 200.76M | 200.55M |
| Total Debt | 70.47M | 83.57M | 108.94M | 99.67M | 107.65M | 100.58M |
| Net Cash (Debt) | -51.64M | -75.12M | -100.70M | -89.41M | -98.03M | -75.24M |
| Net Cash Per Share | -0.78 | -1.24 | -1.75 | -1.57 | -1.76 | -1.35 |
| Filing Date Shares Outstanding | 72.10M | 70.55M | 58.57M | 57.42M | 56.39M | 55.64M |
| Total Common Shares Outstanding | 71.52M | 64.46M | 58.37M | 57.36M | 56.18M | 55.64M |
| Working Capital | -7.45M | -12.45M | -11.83M | -4.35M | -5.64M | 13.03M |
| Book Value Per Share | 1.47 | 1.36 | 1.34 | 1.46 | 1.26 | 1.50 |
| Tangible Book Value | -11.36M | -30.86M | -45.14M | -44.09M | -62.07M | -54.06M |
| Tangible Book Value Per Share | -0.16 | -0.48 | -0.77 | -0.77 | -1.10 | -0.97 |
| Machinery | 18.62M | 18.59M | 19.58M | 16.72M | 12.91M | 5.94M |
| Construction In Progress | 2.62M | 2.42M | 2.25M | 1.91M | 2.85M | 2.87M |
| Leasehold Improvements | 32.43M | 32.44M | 34.27M | 21.98M | 14.61M | 7.73M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -11.74M | -11.67M | -8.02M | -4.24M | -14.68M | 10.55M |
| Depreciation & Amortization | 12.26M | 12.78M | 11.89M | 10.25M | 8.06M | 6.60M |
| Other Amortization | 556.00K | 525.00K | 339.00K | 207.00K | 921.00K | 639.00K |
| Loss (Gain) From Sale of Assets | 147.00K | |||||
| Asset Writedown & Restructuring Costs | 6.62M | 6.73M | 16.00K | -212.00K | ||
| Stock-Based Compensation | 1.21M | 2.33M | 3.76M | 18.22M | 29.46M | 7.18M |
| Other Operating Activities | -5.91M | -5.91M | -252.00K | 1.34M | 2.07M | 890.00K |
| Change in Accounts Payable | 3.94M | 579.00K | 739.00K | -206.00K | 865.00K | 1.58M |
| Change in Unearned Revenue | 2.06M | 735.00K | -293.00K | -896.00K | -452.00K | -423.00K |
| Change in Income Taxes | -558.00K | 1.56M | -1.11M | 890.00K | -2.83M | |
| Change in Other Net Operating Assets | -7.16M | -4.56M | 4.28M | -1.41M | 892.00K | -382.00K |
| Operating Cash Flow | 1.28M | 3.10M | 11.35M | 23.96M | 24.45M | 26.63M |
| Capital Expenditures | -517.00K | -2.40M | -14.01M | -9.92M | -12.92M | -7.12M |
| Investing Cash Flow | -517.00K | -2.40M | -14.01M | -9.92M | -12.92M | -7.12M |
| Long-Term Debt Issued | 5.00M | 83.50M | 49.60M | |||
| Long-Term Debt Repaid | -18.79M | -2.12M | -12.12M | -84.26M | -838.00K | |
| Net Debt Issued (Repaid) | -14.57M | -18.79M | 2.88M | -12.12M | -760.00K | 48.77M |
| Issuance of Common Stock | 24.32M | 18.76M | 13.54M | |||
| Repurchase of Common Stock | -195.00K | -56.00K | -903.00K | -233.00K | -2.03M | |
| Common Dividends Paid | -252.00K | -464.00K | -24.32M | -66.86M | ||
| Other Financing Activities | 318.00K | -393.00K | -1.09M | -569.00K | -147.00K | |
| Financing Cash Flow | 9.88M | -478.00K | 630.00K | -13.39M | -27.26M | -4.55M |
| Net Cash Flow | 10.63M | 214.00K | -2.03M | 646.00K | -15.73M | 14.97M |
| Free Cash Flow | 760.00K | 692.00K | -2.66M | 14.04M | 11.53M | 19.52M |
| Free Cash Flow Margin | 0.50% | 0.46% | -1.47% | 7.17% | 6.83% | 14.64% |
| Free Cash Flow Per Share | 0.01 | 0.01 | -0.05 | 0.25 | 0.21 | 0.35 |
| Levered Free Cash Flow | 7.99M | 5.17M | -639.75K | 18.99M | 19.91M | 17.55M |
| Unlevered Free Cash Flow | 10.64M | 8.45M | 2.93M | 22.84M | 23.21M | 19.96M |
| Cash Interest Paid | 4.66M | 5.56M | 6.00M | 6.28M | 5.83M | 4.25M |
| Cash Income Tax Paid | 3.67M | 1.83M | 1.80M | 4.60M | 4.93M | |
| Change in Working Capital | -1.71M | -1.69M | 3.62M | -1.62M | -1.53M | 771.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 124.72M | 123.62M | 300.41M | 429.59M | 207.84M | 956.45M |
| Enterprise Value | 176.37M | 202.43M | 396.63M | 521.83M | 307.45M | 1.04B |
| Last Close Price | 1.73 | 1.98 | 5.19 | 7.49 | 3.70 | 16.48 |
| Forward PE | 16.04 | 23.95 | 17.62 | 21.35 | 42.62 | |
| PS Ratio | 0.83 | 0.81 | 1.67 | 2.19 | 1.23 | 7.17 |
| PB Ratio | 1.18 | 1.41 | 3.84 | 5.12 | 2.94 | 11.45 |
| P/FCF Ratio | 164.11 | 178.65 | 30.60 | 18.03 | 49.01 | |
| P/OCF Ratio | 97.67 | 39.93 | 26.47 | 17.93 | 8.50 | 35.91 |
| EV/Sales Ratio | 1.17 | 1.33 | 2.20 | 2.66 | 1.82 | 7.78 |
| EV/EBITDA Ratio | 28.06 | 25.47 | 38.43 | 26.40 | 66.91 | 45.00 |
| EV/EBIT Ratio | 54.87 | 63.05 | ||||
| EV/FCF Ratio | 232.06 | 292.53 | 37.17 | 26.67 | 53.14 | |
| Debt / Equity Ratio | 0.67 | 0.95 | 1.39 | 1.19 | 1.52 | 1.20 |
| Debt / EBITDA Ratio | 4.31 | 4.58 | 6.34 | 3.84 | 11.43 | 3.80 |
| Debt / FCF Ratio | 92.72 | 120.77 | 7.10 | 9.34 | 5.15 | |
| Net Debt / Equity Ratio | 0.49 | 0.86 | 1.29 | 1.06 | 1.39 | 0.90 |
| Net Debt / EBITDA Ratio | 8.22 | 9.45 | 9.76 | 4.52 | 21.33 | 3.26 |
| Net Debt / FCF Ratio | 67.95 | 108.56 | -37.90 | 6.37 | 8.51 | 3.85 |
| Asset Turnover | 0.77 | 0.76 | 0.86 | 0.97 | 0.84 | 0.70 |
| Quick Ratio | 0.61 | 0.36 | 0.39 | 0.60 | 0.56 | 1.54 |
| Current Ratio | 0.79 | 0.55 | 0.59 | 0.79 | 0.75 | 1.79 |
| Return on Equity (ROE) | -11.98% | -14.06% | -9.89% | -5.48% | -19.03% | 10.18% |
| Return on Assets (ROA) | -1.91% | -1.51% | -0.47% | 2.94% | -1.08% | 5.41% |
| Return on Invested Capital (ROIC) | -3.84% | -2.83% | -0.89% | -7.28% | -2.12% | 9.91% |
| Return on Capital Employed (ROCE) | -3.80% | -3.00% | -0.90% | 5.20% | -1.90% | 8.90% |
| Earnings Yield | -10.28% | -9.44% | -2.67% | -0.99% | -7.06% | 1.10% |
| FCF Yield | 0.61% | 0.56% | -0.88% | 3.27% | 5.55% | 2.04% |
| Payout Ratio | 633.65% | |||||
| Buyback Yield / Dilution | -12.83% | -4.79% | -1.60% | -1.97% | -0.08% |