Establishment Labs Holdings Inc
NASDAQ:ESTA

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Establishment Labs Holdings Inc
NASDAQ:ESTA
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Price: 72.46 USD 2.04% Market Closed
Market Cap: 2.1B USD

Establishment Labs Holdings Inc
Investor Relations

Established at the intersection of innovation and aesthetics, Establishment Labs Holdings Inc. has carved a niche in the global medical technology landscape. Founded in 2004, this Costa Rica-based company has painstakingly built a reputation for its cutting-edge silicone breast implants and medical devices aimed at breast aesthetics and reconstruction. The company leverages advanced technology to deliver safer and more natural products, primarily through its signature Motiva Implants® brand. With its commitment to safety, quality, and innovation, Establishment Labs has successfully expanded into more than 80 countries, earning trust by catering to surgeons and patients with an ever-evolving portfolio of aesthetically driven solutions.

Establishment Labs’ business model is intricately tied to the nuances of the cosmetic surgery industry, where product differentiation and regulatory compliance are paramount. The company invests heavily in research and development, focusing on creating next-generation breast implant technologies that prioritize patient safety and satisfaction. Revenue streams are driven by direct sales to plastic surgeons and healthcare providers, capitalizing on growing global demand for aesthetic procedures. Additionally, the company stays ahead of the competition by fostering strong relationships with medical professionals and continuously educating them about the benefits and capabilities of its innovative product offerings. This strategic alliance strengthens its market presence and aids consistent revenue growth, reinforcing its status as a forward-thinking leader in the medical aesthetics field.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Revenue Growth: Q3 revenue grew 34% year-over-year to $53.8 million, with strong performance in both U.S. and international direct markets.

U.S. Momentum: U.S. revenue reached $11.9 million in Q3, up 16% sequentially, and is expected to meaningfully exceed previous full-year guidance of $40 million.

Profitability Milestone: Achieved first-ever positive EBITDA of $1.2 million in Q3, ahead of expectations, and management expects to remain EBITDA positive going forward.

Gross Margin Expansion: Gross margin exceeded 70% for the first time, reaching 70.1%, up 620 basis points year-over-year.

Guidance Raised: 2025 revenue guidance raised to exceed $210 million, up from a prior range of $208–212 million.

Market Share Gains: Company expects to end 2025 with approximately 20% share of the U.S. breast augmentation market, providing momentum into 2026.

Minimally Invasive Portfolio: Strong adoption and growth for Mia and Preserve platforms, with combined portfolio expected to exceed $30 million globally in 2026.

Cash Position: Cash increased to $70.6 million, and management expects to reach cash flow positive in 2026 without further equity raises.

Key Financials
Revenue
$53.8 million
U.S. Revenue
$11.9 million
Gross Margin
70.1%
Gross Profit
$37.7 million
Adjusted EBITDA
$1.2 million
SG&A Expenses
$37.2 million
R&D Expenses
$4.6 million
Total Operating Expenses
$41.7 million
Cash
$70.6 million
Operating Cash Use (Excl. Financing)
$8.5 million
Number of Surgeons Using Motiva
over 1,300
2025 Revenue Guidance
Exceed $210 million
Market Share (U.S. Breast Augmentation)
Approx. 20% (expected exit 2025)
Mia Revenue Guidance (2025)
$8–10 million
Mia and Preserve Portfolio Guidance (2026)
Exceed $30 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Juan Jose Chacon Quiros
Founder, CEO & Executive Director
No Bio Available
Mr. Rajbir Singh Denhoy
Chief Financial Officer
No Bio Available
Mr. S. Ross Mansbach
General Counsel, Chief Compliance Officer & Chief Human Resources Officer
No Bio Available
Mr. Filippo Caldini
President
No Bio Available
Mr. Roberto de Mezerville
Chief Technology Officer
No Bio Available
Mr. Salvador Santos Dada
Head of Special Projects
No Bio Available
Ms. Rosalyn Cole d'Incelli
SVP of Global Clinical, Medical & US Regulatory Affairs
No Bio Available
Mr. Ivan Bilic
Senior Vice President of Commercial Operations - OUS
No Bio Available
Mr. Jeff Ehrhard
Senior VP & GM of North America
No Bio Available
Ms. Neeta Toprani
Corporate Secretary
No Bio Available

Contacts

Address
ALAJUELA
Alajuela
Building B15 and 25, Coyol Free Zone
Contacts