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Mar 31
Oddity Tech Q1 2025 Earnings Report
ODDITY Tech reported record first quarter results, exceeding financial guidance across all metrics and raising its full year outlook.
Key Takeaways
ODDITY Tech delivered an outstanding first quarter in 2025, with net revenue increasing by 27% year-over-year to $268 million and adjusted EBITDA reaching $52 million. The company also generated strong free cash flow of $87 million and maintained a robust balance sheet with $257 million in cash and investments.
Net revenue for Q1 2025 was $268 million, a 27% increase year-over-year.
Adjusted EBITDA reached $52 million in Q1 2025.
Net income was $38 million, and adjusted net income was $42 million for the first quarter.
The company generated $87 million in free cash flow and held $257 million in cash, cash equivalents, and investments with no outstanding debt.
Oddity Tech
Oddity Tech
Oddity Tech Revenue by Geographic Location
Revenue by Geographic Location
Online DTC Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
ODDITY is raising its full year 2025 financial outlook across all metrics, expecting revenue growth ahead of its 20% long-term algorithm, and providing guidance for the second quarter ending June 30, 2025.
Positive Outlook
- Full year 2025 net revenue guidance raised to $790-$798 million, representing 22%-23% year-over-year growth.
- Full year 2025 adjusted EBITDA guidance raised to $157-$161 million.
- Full year 2025 adjusted diluted EPS guidance raised to $1.99-$2.04.
- Q2 2025 net revenue guidance of $235-$239 million, representing 22%-24% year-over-year growth.
- Q2 2025 adjusted EBITDA guidance of $65-$68 million.
Challenges Ahead
- The 2025 outlook incorporates current views of tariff and trade-related headwinds.
- Policy outcomes regarding tariffs and trade are in flux.
- While expected to be manageable, these headwinds could impact future results.
- The company assumes an effective tax rate of approximately 20% for its EPS guidance, which could fluctuate.
- Quantitative reconciliation of Adjusted EBITDA and Adjusted diluted EPS outlook to GAAP measures is not provided due to unpredictable items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income