AirSculpt Technologies, Inc. reported a revenue of $180.4 million for the fiscal year ending December 31, 2024, marking a decline of approximately 7.9% from $195.9 million in 2023. The company attributed this decrease primarily to weaker performance in the aesthetics and high-end retail sectors. Despite the revenue drop, AirSculpt performed 14,036 body contouring procedures in 2024, a slight decrease from 14,932 procedures in the previous year. The average revenue per case also fell to $12,849 from $13,121 in 2023, reflecting a 2.1% decline.
In response to the revenue decline, AirSculpt has initiated several strategic changes, including the hiring of Yogi Jashnani as the new Chief Executive Officer in January 2025, who brings over 20 years of experience in the aesthetics and retail industries. The company is focusing on optimizing its marketing investments, enhancing its sales strategies, and expanding consumer financing options. Additionally, a cost reduction program is expected to save approximately $3 million annually. The company has also introduced new services, particularly in skin tightening, to broaden its customer base and increase revenue.
Operationally, AirSculpt has expanded its footprint to 32 centers across 20 U.S. states, Canada, and the United Kingdom as of March 2025. The company has seen a significant increase in its employee headcount, with approximately 389 full-time and 33 part-time employees, alongside contracts with about 97 surgeons. The average revenue per case was $12,849, and the company reported an Adjusted EBITDA of $20.7 million, down from $43.2 million in 2023, indicating a shift in operational efficiency.
Looking ahead, AirSculpt aims to stabilize revenue growth through its strategic initiatives while navigating a competitive landscape that includes emerging weight-loss drugs and other non-surgical solutions. The company is also addressing its financial health, having amended its credit agreement to modify certain financial covenants and maintain liquidity requirements. As of December 31, 2024, AirSculpt had $8.2 million in cash and cash equivalents, with no availability under its revolving credit facility, highlighting the need for careful financial management in the coming year.
About Airsculpt Technologies, Inc.
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