Oddity Tech Ltd financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Oddity Tech Ltd files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2021	FY2023	FY2023	FY2024	FY2025
Revenue	223	325	509	647	810
Cost of revenue	69.4	106	150	179	221
Gross profit	153	218	358	468	589
Selling, general and administrative	134	190	284	353	470
Operating income	19.5	27.7	74.3	116	119
Pre-tax income	18.6	28.9	78.6	128	136
Income tax	4.72	7.18	20.1	26.4	25
Net income	13.9	21.7	58.5	101	111
EBITDA	23.5	32.1	82.9	125	129
EPS, basic	0.26	0.41	1.06	1.77	1.95
EPS, diluted	0.26	0.39	1.00	1.64	1.80

Balance sheet

	FY2021	FY2023	FY2023	FY2024	FY2025
Cash and equivalents	28.8	41	36.5	50.3	402
Short-term investments			1.11	1.88	11.2
Receivables		7.58	9.92	9.19	16.9
Inventory		70.2	84.1	99.8	135
Other current assets		9.17	14.1	14.2	36.3
Total current assets		146	224	223	602
Property, plant and equipment		9.47	9.25	9.82	10.9
Lease right-of-use assets		13.3	13.6	23.6	22.3
Goodwill	16.2	16.2	64.9	64.9	64.9
Intangible assets		26.8	36	36.5	43.6
Long-term investments			50.5	68.8	363
Other non-current assets		2.36	2.96	3.15	4.07
Total assets		216	405	439	1,138
Accounts payable		44.8	56.2	79.1	76
Accrued liabilities		19.4	6.39	10.7	7.11
Short-term debt		3.92
Total current liabilities		90.4	109	125	115
Long-term debt					584
Lease liabilities		8.08	8.71	15.6	17.5
Other non-current liabilities		6.3	3.78	16.2	24.6
Total liabilities		105	122	157	741
Paid-in capital		53.7	179	76.9	77.6
Retained earnings		43.2	102	203	314
Other comprehensive income		1.74	2.4	2.11	4.89
Shareholders' equity		98.7	283	282	396
Total equity	68.6	98.7	283	282	396
Total liabilities and equity		216	405	439	1,138

Cash flow statement

	FY2021	FY2023	FY2023	FY2024	FY2025
Net income	13.9	21.7	58.5	101	111
Depreciation and amortization	4.01	4.41	8.61	9.83	10.7
Stock-based compensation	2.11	6.7	24.1	25	33.9
Deferred income tax	-0.9	-1.52	-1.26	-4.35	-4.27
Change in receivables	-0.59	-2.44	-2.34	0.73	-7.72
Change in inventory	-35.7	-18.8	-13.6	-15.7	-35.4
Cash from operations	10.2	39	87.5	138	87.6
Capital expenditures	-2.37	-2.35	-2.1	-3.27	-3.94
Acquisitions	-11.8		-23.2
Purchases of investments			-50	-59.7	-336
Cash from investing	-18.8	-25.8	-140	1.35	-267
Debt repaid	-0.32	-0.36	-4.31
Stock issued		0.08	1.75	19	12.2
Share buybacks				-147
Cash from financing	-0.32	-0.25	48.8	-127	531
Exchange rate effect	-0.36	-0.78	-0.62	-0.24	0.25
Net change in cash	-9.24	12.2	-4.35	11.6	352
Free cash flow	7.85	36.7	85.4	134	83.6
Interest paid	0.17	0.21	0.07
Income taxes paid	0.7	1.95	11.2	35.7	28.2

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $18.64 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	72.7%	Gross profit / revenue.
Operating margin	14.7%	Operating income / revenue.
EBITDA margin	16.0%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	16.8%	Pre-tax income / revenue.
Net margin	13.7%	Net income / revenue.
FCF margin	10.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.8%	Cash from operations / revenue.
Effective tax rate	18.4%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	32.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	14.0%	Net income / average total assets.
Return on invested capital (ROIC)	85.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	58.0%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	4.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	1.3%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	25.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	35.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y	25.7%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	39.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income growth, 1y	2.7%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	62.5%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	3.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	59.2%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	9.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	72.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	9.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	66.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-36.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	30.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	-37.8%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	31.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	40.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	59.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	159.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	73.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	5.24x	Current assets / current liabilities.
Quick ratio	3.75x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	3.60x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	65.2%	Total liabilities / total assets.
Working capital	$487.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	9.5%	(Goodwill + intangible assets) / total assets.
Tangible book value	$288.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.03x	Revenue / average total assets.
Fixed asset turnover	78.3x	Revenue / average property, plant and equipment.
Inventory turnover	1.88x	Cost of revenue / average inventory.
Days inventory	194 days	365 x average inventory / cost of revenue.
Receivables turnover	62.1x	Revenue / average receivables.
Days sales outstanding	6 days	365 x average receivables / revenue.
Days payables	128 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	72 days	Days inventory + days sales outstanding - days payables.
FCF conversion	75.5%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	4.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.80	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$1.95	Net income per basic share, as reported (split-adjusted).

Valuation

Metric	Value	How it is calculated
Market cap	$1.06B	Share price x shares outstanding.
Enterprise value	$642.7M	Market cap + total debt - cash - short-term investments.
P/E	9.54x	Market cap / net income. Only when net income is positive.
P/S	1.30x	Market cap / revenue.
P/B	2.66x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	3.67x	Market cap / tangible book value, when positive.
P/FCF	12.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.1x	Market cap / cash from operations, when positive.
EV/Sales	0.79x	Enterprise value / revenue.
EV/EBIT	5.41x	Enterprise value / operating income, when both are positive.
EV/EBITDA	4.96x	Enterprise value / EBITDA, when both are positive.
EV/FCF	7.68x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.9%	Free cash flow / market cap.
Earnings yield	10.5%	Net income / market cap (the inverse of P/E).
PEG	0.14x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Oddity Tech Ltd's revenue in fiscal 2025?

Oddity Tech Ltd reported revenue of $809.8M for fiscal 2025, 25.2% higher than the year before.

Was Oddity Tech Ltd profitable in fiscal 2025?

Yes. Net income was $110.7M, a net margin of 13.7%.

How much free cash flow did Oddity Tech Ltd generate in fiscal 2025?

Cash from operations of $87.6M minus capital expenditures of $3.9M left free cash flow of $83.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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