Airsculpt Technologies (AIRS) AI Stock Analysis

• Market Cap: $397.10M
• Dividend Yield: N/A
• Average Volume (3M): 827.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.36
• Revenue Growth: -14.46%
• EPS Growth: -315.81%
• Country: US
• Employees: 389
• Sector: Healthcare
• Sector Strength: 47
• Industry: Medical - Care Facilities
• EPS (TTM): 0.02
• Shares Outstanding: 62,436,670
• 10 Day Avg. Volume: 909,460
• 30 Day Avg. Volume: 827,987
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 2.22
• Enterprise Value/Gross Profit: 3.79
• Enterprise Value/Ebitda: 19.51
• 1Y Price Target: $5.50
• Price Target Upside: -13.66% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 50 Neutral
• Price Target: $6.00 ▼(-5.81% Downside)

Airsculpt Technologies faces significant financial challenges, including declining revenue and profitability issues, which heavily impact the overall score. Technical analysis shows mixed signals, and valuation metrics are weak due to a negative P/E ratio. The earnings call provides some optimism with strategic initiatives and improved capital structure, but these are not enough to offset the financial difficulties.

Positive Factors

Debt Management

The equity financing resolves the mandatory $10m debt repayment under its existing credit commitment.

Financial Performance

AIRS reiterated the 2025 guide and is tracking well versus margin targets.

Liquidity

The offering generated about $13.8m of net proceeds, which will be used to pay down debt and for general purposes.

Negative Factors

Growth Challenges

Challenges continue around organizational growth, macro pressures, and demand.

Liquidity Constraints

Liquidity remains tight with no revolver capacity and only $5.6m in cash.

Revenue Decline

Same-store revenues continue to decline at historically low levels, underscored by declining same-store cases and flat pricing.

Airsculpt Technologies Business Overview & Revenue Model

Company Description

AirSculpt Technologies, Inc., together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. It offers custom body contouring using its AirSculpt procedure that removes unwanted fat in a minimally invasive procedure. The company provides fat removal procedures across treatment areas; and fat transfer procedures that use the patient's own fat cells to enhance the breasts, buttocks, hips, or other areas. Its body contouring procedures also include the Power BBL, a Brazilian butt lift procedure; the Up a Cup, a breast enhancement procedure; and the Hip Flip, an hourglass contouring procedure. As of March 10, 2022, it operated 19 centers across 15 states. AirSculpt Technologies, Inc. was founded in 2012 and is headquartered in Miami Beach, Florida.

How the Company Makes Money

Airsculpt Technologies makes money primarily through the provision of its proprietary body contouring services. The company generates revenue by performing AirSculpt procedures at its network of clinics, which are strategically located to serve a broad client base. Key revenue streams include procedure fees paid by patients seeking body sculpting treatments. Additionally, the company may benefit from partnerships with healthcare providers or aesthetic clinics that offer its services as part of their portfolio. Other factors contributing to its earnings could include patient referrals, repeat business from satisfied clients, and expansion into new geographic markets.

Airsculpt Technologies Financial Statement Overview

Summary

Airsculpt Technologies is facing significant financial challenges, marked by declining revenues and persistent losses. While the balance sheet shows some stability, negative cash flow and profitability metrics highlight potential risks in financial health. The company needs to address operational inefficiencies and improve cash generation to enhance financial performance.

Income Statement

Airsculpt Technologies shows declining revenue growth with a negative trend in profitability. The TTM data reveals a gross profit margin of 58.0%, but the company struggled with a net loss, leading to a negative net profit margin of -9.95%. The EBIT margin is also negative at -8.38%, indicating operational challenges. Although EBITDA margin is positive at 7.36%, it reflects a significant decline from previous periods, indicating pressure on core earnings.

Balance Sheet

The balance sheet indicates a moderate level of stability with a debt-to-equity ratio of 0.43 in the TTM period, suggesting manageable leverage. However, the return on equity is negative due to net losses, which is a concern. The equity ratio is 38.05%, highlighting a balanced structure, yet the overall health is impacted by persistent losses.

Cash Flow

The cash flow statement shows a negative free cash flow in the TTM period, reflecting cash outflows that pressure liquidity. The operating cash flow to net income ratio is negative due to losses, and free cash flow to net income ratio is also negative, indicating strain in converting profits to cash. This could pose a risk if the trend continues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	165.11M	180.35M	195.92M	168.79M	133.31M	62.77M
Gross Profit	96.65M	108.97M	121.91M	106.01M	88.78M	39.30M
EBITDA	18.80M	10.07M	19.74M	3.52M	22.36M	15.67M
Net Income	-14.51M	-8.25M	-4.48M	-14.68M	10.55M	7.58M
Balance Sheet
Total Assets	198.37M	210.00M	204.02M	200.76M	200.55M	179.61M
Cash, Cash Equivalents and Short-Term Investments	8.19M	8.23M	10.26M	9.62M	25.35M	10.38M
Total Debt	85.30M	105.05M	99.67M	107.65M	100.58M	49.77M
Total Liabilities	107.21M	130.71M	120.03M	129.99M	117.03M	55.93M
Stockholders Equity	91.16M	79.29M	83.99M	70.77M	83.53M	123.68M
Cash Flow
Free Cash Flow	-3.88M	-2.66M	14.04M	11.53M	19.52M	10.27M
Operating Cash Flow	4.54M	11.35M	23.96M	24.45M	26.63M	13.96M
Investing Cash Flow	-10.59M	-14.01M	-9.92M	-12.92M	-7.12M	-3.69M
Financing Cash Flow	-1.48M	630.00K	-13.39M	-27.26M	-4.55M	-5.02M

Airsculpt Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRS, the sentiment is Positive. The current price of 6.37 is above the 20-day moving average (MA) of 6.34, above the 50-day MA of 5.79, and above the 200-day MA of 4.83, indicating a bullish trend. The MACD of 0.15 indicates Positive momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 44.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIRS.

Airsculpt Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMED	73 Outperform		―	7.26%	―	4.92%	-7.34%
USPH	71 Outperform	$1.28B	36.75	7.02%	2.12%	16.24%	116.58%
NHC	69 Neutral	$1.73B	16.69	10.65%	2.21%	25.19%	13.44%
SGRY	63 Neutral	$2.91B	―	-9.75%	―	12.05%	-432.59%
JYNT	52 Neutral	$166.94M	―	-16.16%	―	-40.65%	85.56%
Sector *	51 Neutral	$7.83B	-0.18	-40.10%	2.29%	21.46%	-2.03%
AIRS	50 Neutral	$397.10M	―	-16.47%	―	-14.46%	-315.81%

Airsculpt Technologies Corporate Events

Airsculpt Technologies CAO Philip Bodie Resigns

On July 29, 2025, Philip Bodie resigned from his position as Chief Accounting Officer at Airsculpt Technologies, with his resignation taking effect on August 1, 2025.

AirSculpt Technologies CFO Retirement Announcement

AirSculpt Technologies reported its second quarter fiscal 2025 results, highlighting a narrowed year-over-year revenue decline and increased consumer interest despite a decrease in case volume and revenue compared to the previous year. The company is piloting new offerings such as skin tightening and expanded financing options, and it has strengthened its balance sheet by reducing debt following a common stock offering. Dennis Dean, the CFO, announced his retirement, but will remain in his role until a successor is appointed, ensuring a smooth transition.

Airsculpt Technologies Completes $13.8 Million Public Offering

On June 9, 2025, AirSculpt Technologies entered into an underwriting agreement with Leerink Partners to sell 3,160,000 shares of common stock in a public offering, with an option for an additional 474,000 shares, which was fully exercised. The offering closed on June 11, 2025, raising approximately $13.8 million. The company plans to use the proceeds to prepay part of its outstanding debt and for general corporate purposes. Vesey Street Capital Partners, the company’s largest stockholder, purchased 1,000,000 shares. This move is expected to impact AirSculpt’s financial strategy by reducing debt and providing capital for business opportunities.