EOLS Nasdaq Pharmaceutical Preparations Financials FY2017βFY2025
Evolus, Inc. had $297M of revenue in fiscal 2025, up 11.6% on the year before. Over five years, revenue changed +39.4% a year on average.
Last close Β· Oct 23, 2026
$7.01
5.4%Hi! I read Evolus, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+11.6%
Yes. Sales grew 11.6% last year.
Does it make a profit?
β17.4%
No. It lost money last year.
Does profit turn into cash?
β15.4%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Evolus, Inc. had $297M of revenue in fiscal 2025, up 11.6% on the year before. Over five years, revenue changed +39.4% a year on average. Its operating margin was β11.0%, up 1.9Β pts: of every 100 in sales, about β11 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Evolus, Inc. lost $51.6M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$45.7M in fiscal 2025, β15.4% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $1.8M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$1.8M
2 insiders
Of sales under plans
48%
$0.9M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | David MoatazediSee Remarks, Director | Sold | 105,108 | $9.04 | $1.0M | Form 4 |
| Mar 20, 2026 | David MoatazediSee Remarks, Director | Sold plan | 13,669 | $4.75 | $0.1M | Form 4 |
| Mar 20, 2026 | Rui AvelarSee Remarks | Sold plan | 3,119 | $4.75 | $0.0M | Form 4 |
| Mar 17, 2026 | David MoatazediSee Remarks, Director | Sold plan | 116,720 | $4.89 | $0.6M | Form 4 |
| Mar 17, 2026 | Rui AvelarSee Remarks | Sold plan | 29,996 | $4.89 | $0.1M | Form 4 |
| Dec 22, 2025 | David MoatazediSee Remarks, Director | Sold plan | 10,539 | $7.15 | $0.1M | Form 4 |
| Dec 22, 2025 | Rui AvelarSee Remarks | Sold plan | 2,261 | $7.15 | $0.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Evolus, Inc. owes $92.3M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Evolus, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $146M | $53.9M | $62.8M | $87.0M | $53.8M |
| Debt incl. finance leases | $71.2M | $71.9M | $120M | $122M | $146M |
| Debt / equity | 0.9x | 3.9x | β | 22.0x | β |
| Interest coverage | β31.8x | β7.2x | β3.6x | β1.8x | β1.7x |
| Current ratio | 3.1x | 2.2x | 2.3x | 2.4x | 1.9x |
| Quick ratio | 3.1x | 1.8x | 2.1x | 2.2x | 1.5x |
| Total assets | $257M | $178M | $189M | $233M | $226M |
| Total liabilities | $176M | $159M | $210M | $227M | $249M |
| Shareholders' equity | $81.9M | $18.5M | β$20.7M | $5.5M | β$23.1M |
| Net debt (β = net cash) | β$75.0M | $18.0M | $57.5M | $34.6M | $92.3M |
KIRA Β· Its return on capital was β37.3%: every 100 invested in the business earned about β37 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Evolus, Inc. passes 2 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | 1 / 8 | 2 / 8 | 4 / 8 | 2 / 9 | 5 / 9 | 6 / 9 | 2 / 9 |
| Accruals ratio | 5.7% | β13.1% | 1.6% | β46.8% | β5.8% | 4.8% | β15.1% | β15.4% | β4.1% |
| Altman Z'' | β8.51 | 0.27 | β1.65 | β12.71 | β2.94 | β9.45 | β9.27 | β7.02 | β8.65 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | β | $0.0M | $34.9M | $56.5M | $99.7M | $149M | $202M | $266M | $297M |
| Gross profit | β | $0.0M | $26.9M | $38.2M | $56.1M | $89.8M | $138M | $182M | $197M |
| Research and development | $6.7M | $6.5M | $4.0M | $1.7M | $2.1M | $4.7M | $6.6M | $9.2M | $9.6M |
| Operating income | β$11.7M | β$46.1M | β$98.9M | β$153M | β$44.4M | β$65.3M | β$49.2M | β$34.4M | β$32.7M |
| Interest expense | $0.0M | $0.9M | β | β | $1.4M | $9.1M | $13.8M | $18.7M | $19.7M |
| Pretax income | β$11.7M | β$46.8M | β$105M | β$163M | β$46.8M | β$74.3M | β$61.5M | β$49.8M | β$51.0M |
| Income tax | β$7.3M | $0.1M | β$15.0M | $0.1M | $0.0M | $0.1M | $0.2M | $0.7M | $0.7M |
| Net income | β$4.5M | β$46.9M | β$90.0M | β$163M | β$46.8M | β$74.4M | β$61.7M | β$50.4M | β$51.6M |
| Diluted EPS | β$0.27 | β$1.92 | β$3.19 | β$4.83 | β$0.94 | β$1.33 | β$1.08 | β$0.81 | β$0.80 |
| Diluted shares | 0.02B | 0.02B | 0.03B | 0.03B | 0.05B | 0.06B | 0.06B | 0.06B | 0.06B |
| Cash flow | |||||||||
| Cash from operations | β$13.2M | β$25.7M | β$93.4M | β$57.9M | β$33.4M | β$84.9M | β$34.0M | β$18.0M | β$42.3M |
| Capital expenditure | $0.0M | $0.0M | $0.3M | $0.8M | $0.4M | $1.6M | $0.5M | $1.5M | $3.4M |
| Free cash flow | β$13.2M | β$25.7M | β$93.7M | β$58.7M | β$33.8M | β$86.5M | β$34.5M | β$19.5M | β$45.7M |
| Depreciation and amortization | $0.2M | $0.0M | $4.1M | $7.0M | $5.6M | $3.7M | $5.1M | $5.3M | $7.5M |
| Stock-based compensation | $0.6M | $7.0M | $9.5M | $10.6M | $9.6M | $10.8M | $16.5M | $22.3M | $20.7M |
| Balance sheet | |||||||||
| Cash and short-term investments | $0.0M | $93.2M | $130M | $108M | $146M | $53.9M | $62.8M | $87.0M | $53.8M |
| Total debt | β | $0.0M | $73.5M | β | $71.2M | $71.9M | $120M | $122M | $146M |
| Current assets | $72.8M | $94.3M | $152M | $128M | $179M | $101M | $112M | $151M | $143M |
| Current liabilities | $213M | $5.3M | $24.4M | $180M | $57.7M | $46.5M | $48.3M | $63.0M | $75.3M |
| Inventory | β | $0.0M | $6.4M | $3.4M | $1.8M | $18.9M | $11.0M | $12.2M | $27.0M |
| Property and equipment, net | $0.0M | $0.0M | $0.9M | $1.3M | $1.4M | $2.6M | $2.1M | $3.2M | $5.4M |
| Goodwill | $21.2M | $21.2M | $21.2M | $21.2M | $21.2M | $21.2M | $21.2M | $21.2M | $21.2M |
| Intangible assets | $56.1M | $56.1M | $59.6M | $55.3M | $50.6M | $48.6M | $47.1M | $48.8M | $48.0M |
| Total assets | $152M | $172M | $240M | $209M | $257M | $178M | $189M | $233M | $226M |
| Total liabilities | $228M | $87.5M | $161M | $282M | $176M | $159M | $210M | $227M | $249M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$75.5M | $84.4M | $79.5M | β$73.0M | $81.9M | $18.5M | β$20.7M | $5.5M | β$23.1M |
| Margins | |||||||||
| Gross margin | β | β | 77.1% | 67.6% | 56.3% | 60.4% | 68.1% | 68.5% | 66.3% |
| Operating margin | β | β | β283.3% | β270.7% | β44.6% | β44.0% | β24.4% | β12.9% | β11.0% |
| EBITDA margin | β | β | β271.5% | β258.3% | β38.9% | β41.5% | β21.8% | β10.9% | β8.5% |
| Net margin | β | β | β257.8% | β288.3% | β47.0% | β50.1% | β30.5% | β18.9% | β17.4% |
| FCF margin | β | β | β268.4% | β103.8% | β33.9% | β58.2% | β17.1% | β7.3% | β15.4% |
| Returns | |||||||||
| Return on capital | β | β | β337.5% | β | β512.7% | β141.6% | β105.6% | β67.8% | β37.3% |
| Return on capital employed | 19.4% | β27.7% | β45.8% | β531.1% | β22.2% | β49.7% | β35.0% | β20.3% | β21.7% |
| Return on equity | β | β1,060.2% | β109.9% | β5,016.6% | β1,049.8% | β148.3% | β | β | β |
| Return on assets | β2.9% | β28.9% | β43.7% | β72.5% | β20.1% | β34.2% | β33.6% | β23.9% | β22.5% |
| Return on tangible equity | β | β660.1% | β | β | β466.1% | β | β | β | β |
| Growth | |||||||||
| Revenue growth | β | β | β | 61.9% | 76.3% | 49.1% | 36.0% | 31.8% | 11.6% |
| Share count change | β | 47.7% | 15.7% | 19.5% | 47.5% | 12.6% | 1.5% | 9.0% | 4.0% |
| Financial health | |||||||||
| Debt / equity | β | 0.0x | 0.9x | β | 0.9x | 3.9x | β | 22.0x | β |
| Interest coverage | β2,345.2x | β53.5x | β | β | β31.8x | β7.2x | β3.6x | β1.8x | β1.7x |
| Current ratio | 0.3x | 17.9x | 6.2x | 0.7x | 3.1x | 2.2x | 2.3x | 2.4x | 1.9x |
| Quick ratio | 0.3x | 17.9x | 6.0x | 0.7x | 3.1x | 1.8x | 2.1x | 2.2x | 1.5x |
| Capital allocation | |||||||||
| Capex / revenue | β | β | 1.0% | 1.4% | 0.4% | 1.1% | 0.2% | 0.6% | 1.2% |
| Stock comp / revenue | β | β | 27.3% | 18.7% | 9.6% | 7.3% | 8.1% | 8.4% | 7.0% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | 1.0 | 2.0 | 4.0 | 2.0 | 5.0 | 6.0 | 2.0 |
| Altman Z'' | β8.5 | 0.3 | β1.7 | β12.7 | β2.9 | β9.5 | β9.3 | β7.0 | β8.6 |
| Accruals ratio | 5.7% | β13.1% | 1.6% | β46.8% | β5.8% | 4.8% | β15.1% | β15.4% | β4.1% |
Source: SEC EDGAR XBRL filings (CIK 0001570562). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
