Zepp Health Corporation (NYSE: ZEPP) saw its stock price plummet by 22.71% in pre-market trading on Wednesday, following the release of its third-quarter 2025 financial results and a subsequent trading halt by the New York Stock Exchange. The dramatic decline comes despite the company reporting significant revenue growth, suggesting investors have deep concerns about the company's profitability and future outlook.
The wearable technology company announced unaudited financial results for Q3 2025 after market close on Tuesday, with revenue reaching $75.8 million, representing a substantial 78.5% year-over-year increase. Zepp Health also reported achieving adjusted operating income breakeven at $0.4 million, marking a key milestone on its path to sustained profitability. However, several factors appear to be contributing to the negative market reaction:
1. Persistent Net Loss: Despite the strong revenue growth and operational improvements, Zepp Health still recorded a net loss attributable to the company of $1.6 million. While this is a significant improvement from the $13.3 million loss in the same period last year, investors may be looking for a clearer path to profitability. 2. Gross Margin Pressure: The company's gross margin in Q3 2025 was 38.2%, representing a 2.4% decrease compared to 40.6% in Q3 2024. This decline was primarily attributed to lower gross margins related to entry-level products, raising concerns about the company's pricing power and product mix. 3. Q4 Guidance: Zepp Health expects Q4 2025 revenue to be between $82.0 million and $86.0 million, representing a year-over-year increase of 38% to 45%. While this projection indicates continued strong growth, it may have fallen short of some analysts' expectations. Adding to the market turmoil, the New York Stock Exchange implemented a trading halt on Zepp Health stock, citing the need for additional information. The last recorded price before the halt was $28.76. This sudden suspension of trading likely contributed to increased investor uncertainty and may have exacerbated the stock's decline.
Comments