Business
SBC Medical Group Holdings Announces First Quarter 2025 Financial Results
IRVINE, Calif.--(BUSINESS WIRE)-- SBC Medical Group Holdings Incorporated (NASDAQ: SBC, “SBC Medical” or the “Company”), a global owner, operator and
About this update from Sbc Medical Group Holdings Incorporated
[{"type":"text","content":" IRVINE, Calif.--(BUSINESS WIRE)--\nSBC Medical Group Holdings Incorporated (NASDAQ: SBC, “SBC Medical” or the “Company”), a global owner, operator and provider of management services and products to cosmetic treatment centers, today announced its financial results for the three months ended March 31, 2025.\n\nFirst Quarter 2025 Highlights\n\n\nTotal revenues were $47 million, representing a 14% year-over-year decrease.\n\n\nIncome from operations was $24 million, representing a 1% year-over-year decrease.\n\n\nNet Income attributable to SBC Medical Group was $22 million, representing a 15% year-over-year increase.\n\n\nEarnings per share, which is defined as net income attributable to the Company divided by the weighted average number of outstanding shares, was $0.21 for the three months ended March 31, 2025, representing a year-over-year increase of 5%.\n\n\nEBITDA1, which is calculated by adding depreciation and amortization expense and impairment loss to income from operations was $25 million, representing a 3% year-over-year decrease. EBITDA margin1 was 52% for the first quarter of 2025, compared to 46% for first quarter of 2024.\n\n\nReturn on equity, which is defined as net income attributable to the Company divided by the average of shareholder’s equity as of March 31, 2025, was 41% representing a year-over-year decrease of 10 percentage points.\n\n\nNumber of partner clinics was 251 as of March 31, 2025, representing an increase of 36 clinics from March 31, 2024.\n\n\nNumber of customers2 in the last twelve months ended March 31, 2025, was 6.1 million, representing a 14% year-over-year increase.\n\n\nRepeat rate for customers3 who visited franchisee’s clinics twice or more was 71%.\n\n\n1 EBITDA and EBITDA Margin are non-GAAP financial measures. For more information on non-GAAP financial measure, please see the section of “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”\n2 The number of customers takes into account customers of SBC brand clinics, Rize Clinic and Gorilla Clinic, but does not take account customers of AHH Clinics\n3 The number of customers takes into account customers of SBC brand clinics, Rize Clinic and Gorilla Clinic, but does not take account customers of AHH Clinics, but excluding free counseling\n\nYoshiyuki Aikawa, Chairman and C...