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AirSculpt Technologies, Inc. (AIRS) 10-Year Financial Performance & Capital Metrics

AIRS • • Industrial / General
HealthcareHealthcare FacilitiesAlternative & Wellness ServicesCosmetic & Body Contouring
AboutAirSculpt 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.Show more
  • Revenue $180M -7.9%
  • EBITDA $10M -49.0%
  • Net Income -$8M -84.2%
  • EPS (Diluted) -0.14 -77.4%
  • Gross Margin 60.42% -2.9%
  • EBITDA Margin 5.58% -44.6%
  • Operating Margin -1.01% -120.8%
  • Net Margin -4.58% -100.1%
  • ROE -10.11% -74.6%
  • ROIC -0.78% -118.7%
  • Debt/Equity 1.32 +11.7%
  • Interest Coverage -0.29 -119.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 34.3%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 6 (bottom 6%)
  • ✗Thin 5Y average net margin of 0.9%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y34.33%
3Y10.6%
TTM-16.54%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-130.83%

EPS CAGR

10Y-
5Y-
3Y-
TTM-117.38%

ROCE

10Y Avg2.84%
5Y Avg3.33%
3Y Avg0.58%
Latest-0.99%

Peer Comparison

Cosmetic & Body Contouring
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
AIRSAirSculpt Technologies, Inc.138.61M2.22-15.86-7.95%-11.41%-21.9%1.32

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+41.24M62.77M133.31M168.79M195.92M180.35M
Revenue Growth %-0.52%1.12%0.27%0.16%-0.08%
Cost of Goods Sold+15.49M23.47M44.54M58.28M74.01M71.38M
COGS % of Revenue0.38%0.37%0.33%0.35%0.38%0.4%
Gross Profit+25.75M39.3M88.78M110.51M121.91M108.97M
Gross Margin %0.62%0.63%0.67%0.65%0.62%0.6%
Gross Profit Growth %-0.53%1.26%0.24%0.1%-0.11%
Operating Expenses+25.09M29.26M73.01M115.06M112.42M110.78M
OpEx % of Revenue0.61%0.47%0.55%0.68%0.57%0.61%
Selling, General & Admin20.13M23.62M65.73M105.92M108.28M105.58M
SG&A % of Revenue0.49%0.38%0.49%0.63%0.55%0.59%
Research & Development000000
R&D % of Revenue------
Other Operating Expenses4.96M5.64M7.28M9.14M4.14M5.2M
Operating Income+663K10.03M15.77M-4.54M9.48M-1.82M
Operating Margin %0.02%0.16%0.12%-0.03%0.05%-0.01%
Operating Income Growth %-14.13%0.57%-1.29%3.09%-1.19%
EBITDA+5.62M15.67M22.36M3.52M19.74M10.07M
EBITDA Margin %0.14%0.25%0.17%0.02%0.1%0.06%
EBITDA Growth %-1.79%0.43%-0.84%4.61%-0.49%
D&A (Non-Cash Add-back)4.96M5.64M6.6M8.06M10.25M11.89M
EBIT663K10.03M15.77M-3.47M9.48M-1.82M
Net Interest Income+-2.88M-2.46M-4.89M-6.75M-6.49M-6.25M
Interest Income000000
Interest Expense2.88M2.46M4.89M6.75M6.49M6.25M
Other Income/Expense-2.88M-2.46M-4.89M-6.75M-6.49M-6.25M
Pretax Income+-2.21M7.58M10.88M-11.3M3M-8.06M
Pretax Margin %-0.05%0.12%0.08%-0.07%0.02%-0.04%
Income Tax+00329K3.38M7.48M188K
Effective Tax Rate %1%1%0.97%1.3%-1.49%1.02%
Net Income+-2.21M7.58M10.55M-14.68M-4.48M-8.25M
Net Margin %-0.05%0.12%0.08%-0.09%-0.02%-0.05%
Net Income Growth %-4.43%0.39%-2.39%0.69%-0.84%
Net Income (Continuing)-2.21M7.58M10.55M-14.68M-4.48M-8.25M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-0.090.14-0.01-0.26-0.08-0.14
EPS Growth %-2.53%-1.05%-0.7%-0.77%
EPS (Basic)-0.090.14-0.01-0.26-0.08-0.14
Diluted Shares Outstanding55.64M55.64M55.64M55.68M56.78M57.69M
Basic Shares Outstanding55.64M55.64M55.64M55.68M56.78M57.69M
Dividend Payout Ratio-0.61%6.34%---

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+6.59M11.56M29.44M16.68M15.96M17.12M
Cash & Short-Term Investments5.13M10.38M25.35M9.62M10.26M8.23M
Cash Only5.13M10.38M25.35M9.62M10.26M8.23M
Short-Term Investments000000
Accounts Receivable0002.83M1.94M3.06M
Days Sales Outstanding---6.123.626.18
Inventory000000
Days Inventory Outstanding------
Other Current Assets0004.23M3.76M5.83M
Total Non-Current Assets+164.91M168.05M171.11M184.08M188.06M192.88M
Property, Plant & Equipment16.48M24.16M31.79M47.97M54.32M63.14M
Fixed Asset Turnover2.50x2.60x4.19x3.52x3.61x2.86x
Goodwill81.73M81.73M81.73M81.73M81.73M81.73M
Intangible Assets65.36M60.61M55.85M51.1M46.35M41.59M
Long-Term Investments00-5.82M-8.43M46.35M0
Other Non-Current Assets1.34M1.54M1.74M3.28M-40.69M6.41M
Total Assets+171.5M179.61M200.55M200.76M204.02M210M
Asset Turnover0.24x0.35x0.66x0.84x0.96x0.86x
Asset Growth %-0.05%0.12%0%0.02%0.03%
Total Current Liabilities+8.35M9.46M16.41M22.32M20.32M28.61M
Accounts Payable2.11M1.09M2.67M3.84M3.92M6.26M
Days Payables Outstanding49.8217.0321.8824.0719.3431.99
Short-Term Debt400K400K850K2.13M2.13M4.25M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K
Other Current Liabilities174K0003.3M0
Current Ratio0.79x1.22x1.79x0.75x0.79x0.60x
Quick Ratio0.79x1.22x1.79x0.75x0.79x0.60x
Cash Conversion Cycle------
Total Non-Current Liabilities+42.76M46.48M100.61M107.67M99.71M102.1M
Long-Term Debt32.31M32.12M81.75M81.42M69.5M70.46M
Capital Lease Obligations10.45M14.36M14.51M19.75M22.66M24.25M
Deferred Tax Liabilities004.35M5.49M6.83M6.58M
Other Non-Current Liabilities004.35M1.02M716K817K
Total Liabilities51.11M55.93M117.03M129.99M120.03M130.71M
Total Debt+45.1M49.77M100.58M107.65M99.67M105.05M
Net Debt39.97M39.39M75.24M98.03M89.41M96.82M
Debt / Equity0.37x0.40x1.20x1.52x1.19x1.32x
Debt / EBITDA8.02x3.18x4.50x30.62x5.05x10.43x
Net Debt / EBITDA7.11x2.51x3.36x27.88x4.53x9.61x
Interest Coverage0.23x4.09x3.23x-0.67x1.46x-0.29x
Total Equity+120.39M123.68M83.53M70.77M83.99M79.29M
Equity Growth %-0.03%-0.32%-0.15%0.19%-0.06%
Book Value per Share2.162.221.501.271.481.37
Total Shareholders' Equity120.39M123.68M83.53M70.77M83.99M79.29M
Common Stock120.39M123.68M56K56K57K58K
Retained Earnings00-393K-15.07M-19.55M-27.8M
Treasury Stock000000
Accumulated OCI000-76K-412K-687K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+4.94M13.96M26.63M24.45M23.96M11.35M
Operating CF Margin %0.12%0.22%0.2%0.14%0.12%0.06%
Operating CF Growth %-1.83%0.91%-0.08%-0.02%-0.53%
Net Income-2.21M7.58M10.55M-14.68M-4.48M-8.25M
Depreciation & Amortization4.96M5.64M6.6M8.06M10.25M11.89M
Stock-Based Compensation341K325K7.18M29.46M18.22M3.76M
Deferred Taxes00208K1.13M1.34M-252K
Other Non-Cash Items226K211K1.32M2M-5K355K
Working Capital Changes1.62M203K771K-1.53M-1.38M3.85M
Change in Receivables000-2.83M890K-1.11M
Change in Inventory000000
Change in Payables1.87M-1.02M1.58M865K-206K739K
Cash from Investing+-4.44M-3.69M-7.12M-12.92M-9.92M-14.01M
Capital Expenditures-4.44M-3.69M-7.12M-12.92M-9.92M-14.01M
CapEx % of Revenue0.11%0.06%0.05%0.08%0.05%0.08%
Acquisitions------
Investments------
Other Investing000000
Cash from Financing+-783K-5.02M-4.55M-27.26M-13.39M630K
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid-283K-4.62M-66.86M-24.32M-464K-252K
Share Repurchases------
Other Financing000-2.18M-569K-1.09M
Net Change in Cash------
Free Cash Flow+499K10.27M19.52M11.53M14.04M-2.66M
FCF Margin %0.01%0.16%0.15%0.07%0.07%-0.01%
FCF Growth %-19.58%0.9%-0.41%0.22%-1.19%
FCF per Share0.010.180.350.210.25-0.05
FCF Conversion (FCF/Net Income)-2.23x1.84x2.52x-1.67x-5.35x-1.38x
Interest Paid0005.83M6.28M6M
Taxes Paid0004.93M4.66M1.81M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-1.84%6.21%10.18%-19.03%-5.79%-10.11%
Return on Invested Capital (ROIC)-4.65%7.35%-2.08%4.16%-0.78%
Gross Margin62.44%62.61%66.59%65.47%62.22%60.42%
Net Margin-5.36%12.07%7.91%-8.7%-2.29%-4.58%
Debt / Equity0.37x0.40x1.20x1.52x1.19x1.32x
Interest Coverage0.23x4.09x3.23x-0.67x1.46x-0.29x
FCF Conversion-2.23x1.84x2.52x-1.67x-5.35x-1.38x
Revenue Growth-52.21%112.4%26.61%16.07%-7.95%

Revenue by Segment

20232024
Reportable-180.35M
Reportable Growth--

Revenue by Geography

20232024
Non-US5.2M6.1M
Non-US Growth-17.31%

Frequently Asked Questions

Growth & Financials

AirSculpt Technologies, Inc. (AIRS) reported $157.6M in revenue for fiscal year 2024. This represents a 282% increase from $41.2M in 2019.

AirSculpt Technologies, Inc. (AIRS) saw revenue decline by 7.9% over the past year.

AirSculpt Technologies, Inc. (AIRS) reported a net loss of $18.0M for fiscal year 2024.

Dividend & Returns

Yes, AirSculpt Technologies, Inc. (AIRS) pays a dividend with a yield of 0.20%. This makes it attractive for income-focused investors.

AirSculpt Technologies, Inc. (AIRS) has a return on equity (ROE) of -10.1%. Negative ROE indicates the company is unprofitable.

AirSculpt Technologies, Inc. (AIRS) generated $2.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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