Oddity published its annual report on Form 20-F for the fiscal year ended Dec. 31, 2025, reporting net revenue of USD 809.84 million, up 25.2%. Net income was USD 110.75 million, while operating income was USD 118.77 million. Adjusted EBITDA rose 8.6% to USD 163.35 million, and adjusted EBITDA margin was 20.2%. The company said it has experienced a significant increase in customer acquisition costs that is adversely impacting revenue and margins, and it does not expect to achieve its long-term targets while those costs remain elevated. Oddity ended the year with USD 776 million of cash and cash equivalents, restricted cash, short-term deposits and marketable securities, and said it believes existing liquidity and positive operating cash flows will be sufficient for at least the next 12 months.
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