SKIN

EX-99.1

2 ex991-2026q3xearnings.htm

EX-99.1

Document

Exhibit 99.1

SkinHealth Systems Reports Third Quarter 2026 Financial Results

Long Beach, Calif., November 5, 2026 – SkinHealth Systems Inc. (NASDAQ: SKIN) (“SkinHealth Systems” or the "Company"), home to flagship brand Hydrafacial®, today announced financial results for the third quarter ended September 30, 2026 (“Q3 2026”).

“Our third quarter results reflect encouraging progress in strengthening our business. Revenue trends improved, consumables returned to growth, and we delivered healthy adjusted EBITDA performance. While we have more work ahead, these results give us greater confidence that the actions we are taking are moving the business in the right direction,” said Pedro Malha, President and Chief Executive Officer of SkinHealth Systems.

“We advanced each of our strategic priorities, strengthening commercial execution in the core Hydrafacial franchise, introducing clinically differentiated innovations designed to increase the value and productivity of our installed base, including our new HydraClearTM Treatment Booster, and expanding our portfolio with the launch of SkinStylusTM across six European markets. We also retired our 2026 debt as planned. We have a strong global brand, a substantial installed base and a more efficient operating model. Our focus now is on translating those advantages into sustainable growth through disciplined execution.”

Key Operational and Business Metrics

Three Months Ended September 30,

Nine Months Ended September 30,

Unaudited ($ in millions) (1)

2026

2025

2026

2025

Delivery Systems net sales

$

18.8

$

20.8

$

55.6

$

63.4

Consumables net sales

50.4

49.8

150.6

155.0

Total net sales

$

69.2

$

70.7

$

206.2

$

218.4

Gross profit

$

47.1

$

45.6

$

140.9

$

143.3

Gross margin

68.2

%

64.6

%

68.3

%

65.6

%

Adjusted gross profit(2)

$

49.7

$

48.1

$

148.3

$

149.6

Adjusted gross margin(2)

71.8

%

68.0

%

71.9

%

68.5

%

Operating expenses

$

42.2

$

51.9

$

134.2

$

164.3

Adjusted operating expenses(2)

$

36.3

$

39.1

$

109.4

$

119.5

Net loss

$

(0.9)

$

(11.0)

$

(10.2)

$

(1.4)

Net loss margin

(1.3)

%

(15.6)

%

(4.9)

%

(0.6)

%

Adjusted EBITDA(2)

$

13.4

$

8.9

$

38.9

$

30.1

Adjusted EBITDA margin(2)

19.3

%

12.6

%

18.9

%

13.8

%

Three Months Ended September 30,

Nine Months Ended September 30,

Unaudited

2026

2025

2026

2025

Total delivery systems sold

798

875

2,314

2,694

Active install base(3)

37,342

35,409

37,342

35,409

(1) Amounts may not sum due to rounding.

(2) See "Non-GAAP Financial Measures" below.

(3) Estimated number of delivery systems owned by providers that have purchased consumables in the trailing twelve-month period.

1

Third Quarter Financial Highlights

•Net sales were $69.2 million for the third quarter of 2026, a decrease of (2.1)%, compared to the prior year period ("Q3 2025"), due to lower delivery systems net sales. The Company placed 798 delivery systems during Q3 2026, compared to 875 during Q3 2025.

•Gross margin was 68.2% in Q3 2026, compared to 64.6% in Q3 2025. Adjusted gross margin was 71.8% in Q3 2026, compared to 68.0% in Q3 2025. The improvement in gross margin and adjusted gross margin was primarily due to higher product costs in the prior year related to trade-in Delivery Systems sell through, as well as tariff related recoveries, and lower inventory charges in 2026.

•Operating expenses were $42.2 million in Q3 2026, compared to $51.9 million in Q3 2025. The improvement in operating expenses was primarily due to lower personnel-related expenses, amortization expense, and professional fees. Adjusted operating expenses were $36.3 million in Q3 2026, compared to $39.1 million in Q3 2025. The improvement in adjusted operating expenses was primarily due to lower personnel-related expenses and professional fees.

•Net loss was $(0.9) million in Q3 2026, compared to net loss of $(11.0) million in Q3 2025. The change compared to the prior year was primarily due to lower operational spend and higher gross margin.

•Adjusted EBITDA was $13.4 million in Q3 2026, compared to $8.9 million in Q3 2025. The improvement in adjusted EBITDA was primarily due to lower adjusted operational spend and higher adjusted gross margin.

Balance Sheet and Cash Flow Highlights

•Cash, cash equivalents, and restricted cash were approximately $112 million as of September 30, 2026, compared to approximately $233 million as of December 31, 2025. On September 30, 2026, the Company retired the 2026 Notes in accordance with their terms. The Company repaid the remaining outstanding aggregate principal amount of $103.2 million.

•The Company had 6.5 million shares of Class A Common Stock outstanding as of September 30, 2026. On October 14, 2026, the Company effected a 1-for-20 reverse stock split of its Class A Common Stock and a proportionate decrease in the number of issued

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EX-99.1

2 ex991-2026q1xearnings.htm

EX-99.1

Document

Exhibit 99.1

SkinHealth Systems Reports First Quarter 2026 Financial Results

Long Beach, Calif., May 7, 2026 – SkinHealth Systems Inc. (NASDAQ: SKIN) (“SkinHealth Systems” or the "Company"), home to flagship brand Hydrafacial, today announced financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

“First quarter results reflect the strength of the business. We delivered revenue within our guidance range, significantly outperformed on adjusted EBITDA, and continued to expand margins through disciplined execution.

"While the market remains challenging and we are lowering our full-year revenue outlook, the fundamentals are intact. The installed base is growing, the brand is strong, and we are taking direct action to improve execution while continuing to invest in the capabilities and innovation that will drive long-term growth.” said Pedro Malha, President and CEO of SkinHealth Systems.

Key Operational and Business Metrics

Three Months Ended March 31,

Unaudited ($ in millions) (1)

2026

2025

Delivery Systems net sales

$

18.5

$

20.2

Consumables net sales

46.4

49.4

Total net sales

$

64.9

$

69.6

Gross profit

$

44.4

$

48.6

Gross margin

68.5

%

69.8

%

Adjusted gross profit(2)

$

46.9

$

50.0

Adjusted gross margin(2)

72.2

%

71.9

%

Operating expenses

$

46.2

$

60.6

Adjusted operating expenses(2)

$

38.4

$

42.8

Net loss

$

(6.6)

$

(10.1)

Net loss margin

(10.2)

%

(14.5)

%

Adjusted EBITDA(2)

$

8.5

$

7.3

Adjusted EBITDA margin(2)

13.1

%

10.4

%

Three Months Ended March 31,

Unaudited

2026

2025

Total delivery systems sold

746

862

Active install base(3)

36,419

35,014

(1) Amounts may not sum due to rounding.

(2) See "Non-GAAP Financial Measures" below.

(3) Estimated number of delivery systems owned by providers that have purchased consumables in the trailing twelve-month period.

1

First Quarter Financial Highlights

•Net sales were $64.9 million for the first quarter of 2026, a decrease of (6.7)%, compared to the prior year period ("Q1 2025"), due to lower delivery systems and consumables net sales. The Company placed 746 delivery systems during Q1 2026, compared to 862 during Q1 2025.

•Gross margin was 68.5% in Q1 2026, compared to 69.8% in Q1 2025. The decrease in gross margin was primarily due to higher amortization expense. Adjusted gross margin was relatively flat at 72.2% in Q1 2026 compared to 71.9% in Q1 2025.

•Operating expenses were $46.2 million in Q1 2026, compared to $60.6 million in Q1 2025. Adjusted operating expenses were $38.4 million in Q1 2026, compared to $42.8 million in Q1 2025. The improvement in operating expenses and adjusted operating expenses was primarily due to lower personnel-related expenses and lower marketing-related spend.

•Net loss was $(6.6) million in Q1 2026, compared to $(10.1) million in Q1 2025. The change compared to the prior year was primarily due to lower operational spend, partially offset by lower net sales.

•Adjusted EBITDA was $8.5 million in Q1 2026, compared to $7.3 million in Q1 2025. The improvement in adjusted EBITDA was primarily due to lower operational spend, partially offset by lower net sales.

Revised 2026 Financial Guidance

Second Quarter 2026

Net sales

$72 – $77 million

Adjusted EBITDA(1)

$11 – $13 million

Fiscal Year 2026

Net sales

$280 – $295 million

Adjusted EBITDA(1)

$35 – $45 million

(1) See "Non-GAAP Financial Measures" below.

Revised 2026 financial guidance:

•Reflects continued pressure on year over year device sales.

•Presumes no further material deterioration in current general market conditions or other unforeseen circumstances beyond the Company's control, such as foreign currency exchange rates, tariffs, and trade restrictions.

•Excludes any unannounced acquisitions, dispositions or financings.

2

Regional Operational and Business Metrics

Three Months Ended March 31,

Unaudited ($ in millions) (1) (2)

2026

2025

Delivery Systems net sales

Americas

$

12.0

$

13.1

Asia-Pacific (“APAC”)

2.1

2.0

Europe, the Middle East and Africa (“EMEA”)

4.4

5.1

Total Delivery Systems net sales

$

18.5

$

20.2

Consumables net sales

Americas

$

32.6

$

33.1

APAC

4.5

6.4

EMEA

9.3

9.9

Total Consumables net sales

$

46.4

$

49.4

Net sales

Americas

$

44.6

$

46.3

APAC

6.6

8.3

EMEA

13.7

15.0

Total net sales

$

64.9

$

69.6

Delivery Systems sold

Americas

438

550

APAC

118

98

EMEA

190

214

Total Delivery Systems sold

746

862

(1) Amounts may not sum due to rounding.

(2) During the second quarter of 2025, the Company transitioned sales in the China market to a distributor partner, and as a result, the Company has discontinued direct sales to customers in China.

Conference Call

SkinHealth Systems will host a conference call on Thursday, May 7, 2026, at 4:30