InMode Ltd (INMD) Reports Q3 2025 Earnings: Global Expansion, Revenue Growth, and Challenges Ahead

InMode Ltd reported a 26% YoY increase in consumer goods and service revenues, driven by markets outside the US. The company opened a new subsidiary in Argentina and expanded its regional growth strategy. However, GAAP and non-GAAP gross margins decreased to 78%, down from 82% in Q3 2024, due to tariffs. GAAP operating margin decreased to 22% from 37% in Q3 2024, and GAAP net income was $21.8 million, down from $50.9 million in Q3 2024.