Oddity Tech .(US:ODD)2025-08-04 20:11Financial Performance - Second quarter net revenue reached $241 million, a 25% increase year-over-year from $193 million[6] - Gross profit for the second quarter was $174 million, also reflecting a 25% year-over-year increase, with a gross margin of 72.3%[8] - Adjusted EBITDA for the second quarter was $70 million, representing a 12% increase from $62 million in the same quarter of the previous year[8] - The company raised its full year 2025 outlook to a net revenue range of $799-804 million, indicating year-over-year growth of 23-24%[11] - The third quarter 2025 guidance includes net revenue expectations of $144-146 million, representing year-over-year growth of 21-23%[13] - Adjusted diluted EPS for the second quarter was $0.92, up from $0.82 in the same quarter of the previous year[8] - Net revenue for Q2 2025 reached $241,140,000, a 25% increase from $192,774,000 in Q2 2024[24] - Gross profit for the first half of 2025 was $375,200,000, up 27% from $295,203,000 in the same period of 2024[24] - The company reported a net income of $49,285,000 for Q2 2025, representing an 8% increase compared to $45,491,000 in Q2 2024[24] - Adjusted EBITDA for the first half of 2025 was $121,920,000, an increase from $110,442,000 in the same period of 2024[30] Cash Position and Assets - The company completed its first exchangeable note offering, upsized to $600 million with a 0% coupon, enhancing its cash position[7] - As of June 30, 2025, ODDITY reported cash, cash equivalents, and investments totaling $815 million, along with undrawn credit facilities of $200 million[7] - Cash and cash equivalents surged to $656,822,000 as of June 30, 2025, compared to $50,340,000 at the end of 2024[25] - Total assets increased to $1,097,899,000 as of June 30, 2025, significantly up from $438,882,000 at the end of 2024[26] - The company generated $101,384,000 in net cash from operating activities for the first half of 2025, slightly down from $105,440,000 in the same period of 2024[27] - Free cash flow for the first half of 2025 was $99,433,000, compared to $103,938,000 in the first half of 2024[31] - The company issued exchangeable notes generating proceeds of $583,500,000 during the first half of 2025[27] Business Expansion and Strategy - ODDITY is progressing towards the launch of Brand 3 in the fourth quarter of 2025, expanding into medical grade products[4] - The company is focusing on international expansion and the ongoing development of the ODDITY LABS molecule discovery platform[7] - Online direct-to-consumer sales accounted for 98% of net revenue in Q2 2025, totaling $235,161,000, up from 94% in Q2 2024[33]