AirSculpt Q4 Revenue Falls 14.6% to $33.4M, 2026 Outlook $151–$157M
AirSculpt’s Q4 2025 revenue fell 14.6% to $33.4 million on 2,604 procedures, while net loss narrowed to $1.3 million and adjusted EBITDA swung to a $0.1 million loss. Full year 2025 revenue declined 15.8% to $151.8 million with adjusted EBITDA of $12.5 million; 2026 revenue guidance is $151–$157 million with $15–$17 million EBITDA.
1. Fourth Quarter Results
AirSculpt reported Q4 2025 case volume of 2,604, down 15.0% year-over-year, driving revenue to $33.4 million, a 14.6% decline. Net loss narrowed to $1.3 million versus $5.0 million, and adjusted EBITDA swung to a $0.1 million loss from $1.9 million profit.
2. Full Year 2025 Performance
For the full year, case volume totaled 11,852, down 15.6%, with revenue of $151.8 million, a 15.8% drop from prior year. Net loss widened to $11.7 million and adjusted EBITDA decreased to $12.5 million from $21.0 million.
3. 2026 Financial Outlook
The company projects full year 2026 revenue of $151–$157 million and adjusted EBITDA of $15–$17 million. First quarter 2026 revenue is guided at $38.5–$39.5 million, implying flat same-store growth at the midpoint.
4. Debt and Liquidity Position
As of December 31, 2025, cash stood at $8.4 million with $5.0 million borrowing capacity; gross debt was $56.0 million. In Q1 2026, AirSculpt raised $14.8 million and repaid $11.0 million, reducing gross debt to $45.0 million while maintaining covenant compliance.