Establishment Labs Holdings Inc. announced its financial results for the second quarter ended June 30, 2025. Total revenue for the quarter reached $51.3 million, an increase from $44.1 million in the same period of 2024.
Gross profit for the second quarter was $35.3 million, or 68.8% of revenue, up from 65.6% in Q2 2024, primarily driven by geographic mix and higher average selling prices. Total operating expenses increased to $49.4 million, mainly due to increased investment in the United States, including personnel, shipping, commissions, and marketing.
The company reported a net loss of $16.6 million for the quarter, a slight improvement from a net loss of $17.2 million in the prior-year period. Cash and cash equivalents stood at $54.6 million as of June 30, 2025.
CEO Peter Caldini stated that U.S. sales momentum continued into the third quarter, leading to an increase in worldwide and U.S. guidance. He reaffirmed that the company remains on track to achieve positive EBITDA in 2025 and become cash flow positive in 2026, reflecting increasing scale and improving execution and cost efficiencies.
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