Establishment Labs Holdings Inc. (NASDAQ:ESTA)
Insiders here have filed 6 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $245.8M
- Net income
- -$38.9M
- Net margin
- -15.8%
Heavily indebted for what it earns.
- Total debt
- $263.7M
- Cash
- $71.2M
- Debt / equity
- 12.20
Comfortably covers what is due within a year.
- Current assets
- $247.7M
- Current liabilities
- $64.6M
- Current ratio
- 3.84
Consumes cash and must keep raising it.
- Operating cash flow
- -$32.7M
- Free cash flow
- -$42.1M
- FCF margin
- -17.1%
Not funding itself by issuing shares.
- Shares outstanding
- 30.1M
- Share growth (1y)
- 2.2%
- Cash runway
- 26 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
ESTA Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 67.54 M | 59.88 M | 64.62 M | 53.78 M | 51.30 M | 41.38 M |
| Revenue Growth (YoY) | 31.66 % | 44.71 % | 45.16 % | 33.70 % | 16.28 % | 11.33 % |
| Cost of Revenue | 19.83 M | 17.54 M | 19.09 M | 16.09 M | 16.03 M | 13.57 M |
| Gross Profit | 47.71 M | 42.34 M | 45.53 M | 37.70 M | 35.27 M | 27.81 M |
| SG&A Expense | 0.00 | 43.60 M | 44.03 M | 37.17 M | 44.18 M | 39.70 M |
| R&D Expense | 5.10 M | 5.24 M | 5.43 M | 4.55 M | 5.20 M | 5.05 M |
| Operating Expenses | 52.00 M | 48.85 M | 49.46 M | 41.72 M | 49.38 M | 44.75 M |
| Operating Income | -4.29 M | -6.51 M | -3.93 M | -4.03 M | -14.11 M | -16.95 M |
| Pretax Income | -11.74 M | -13.09 M | -11.91 M | -10.72 M | -15.59 M | -19.80 M |
| Tax Provision | 6.00 K | 288.00 K | -9.30 M | 424.00 K | 1.00 M | 914.00 K |
| Net Income | -11.75 M | -13.38 M | -2.62 M | -11.15 M | -16.59 M | -20.71 M |
| EPS (Basic) | -0.39 | -0.45 | -0.09 | -0.38 | -0.56 | -0.70 |
| EPS (Diluted) | -0.39 | -0.45 | -0.09 | -0.38 | -0.56 | -0.70 |
| Shares Outstanding | 30.12 M | 29.62 M | 29.62 M | 29.62 M | 29.48 M | 29.48 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.