SkinHealth Systems Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
SKIN$15.94-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except for share amounts)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash, cash equivalents, and restricted cash | $373,031 | $370,063 |
| Accounts receivable, net of allowances for estimated credit losses of $9,476 and $9,597 at March 31, 2025 and December 31, 2024, respectively | 23,258 | 27,643 |
| Inventories | 65,632 | 69,113 |
| Income tax receivable | 274 | 818 |
| Prepaid expenses and other current assets | 7,178 | 9,487 |
| Total current assets | 469,373 | 477,124 |
| Property and equipment, net | 4,220 | 5,978 |
| Right-of-use assets, net | 12,479 | 13,590 |
| Intangible assets, net | 45,649 | 47,512 |
| Goodwill | 124,260 | 123,499 |
| Deferred income tax assets, net | 4,251 | 3,894 |
| Other assets | 13,588 | 14,086 |
| TOTAL ASSETS | $673,820 | $685,683 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $23,143 | $21,941 |
| Accrued payroll-related expenses | 14,525 | 17,636 |
| Lease liabilities, current | 5,075 | 5,147 |
| Income tax payable | 3,314 | 3,426 |
| Other accrued expenses | 16,747 | 20,002 |
| Total current liabilities | 62,804 | 68,152 |
| Lease liabilities, non-current | 9,628 | 10,813 |
| Deferred income tax liabilities, net | 402 | 396 |
| Warrant liabilities | 139 | 488 |
| Convertible senior notes, net | 552,984 | 552,198 |
| Other long-term liabilities | 1,801 | 1,833 |
| Total liabilities | 627,758 | 633,880 |
| Commitments (Note 6) | ||
| Stockholders’ equity: | ||
| Class A Common Stock, $0.0001 par value; 320,000,000 shares authorized; 125,246,286 and 124,924,185 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 13 | 12 |
| Additional paid-in capital | 569,935 | 566,709 |
| Accumulated other comprehensive loss | (5,825) | (6,953) |
| Accumulated deficit | (518,061) | (507,965) |
| Total stockholders’ equity | 46,062 | 51,803 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $673,820 | $685,683 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.