Oddity Q2 FY26 net income drops to $13 million; net revenue falls 25% to $181 million
ODD•Oddity reports lower Q2 FY26 revenue and profit
- Oddity Q2 net revenue fell 25% to $181 million year-over-year; GAAP net income dropped to $13 million, diluted EPS slid to $0.24.
- GAAP gross margin narrowed 3.6 percentage points to 68.7%; adjusted EBITDA fell to $13 million.
- Liquidity totaled $561 million in cash, cash equivalents and investments; repurchased 5,600,000 Class A shares for $80 million.
- IL MAKIAGE faced an advertising algorithm dislocation; management cited progress toward normalization, with SpoiledChild and METHODIQ posting strong results.
- Outlook calls for Q3 net revenue down about 5% year-over-year; adjusted EBITDA seen at $18 million-$20 million.
