Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Evolus, Inc.

EOLSNASDAQ
Wall Street Score · overall investment24/100
$7.58USD+$0.21 (+2.84%)
Company website www.evolus.com
Headquarters520 Newport Center Drive, Newport Beach, CA, 92660, US
Financial statement currencyUSD · no FX conversion applied
Healthcare · Drug Manufacturers - Specialty & Generic
Price updated todayFinancials updated Oct 1, 2026

EOLS · Price history

Price at last available close

$7.57

−$0.39 (-4.90%) 1M

2026-10-28

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Company & revenue

About Evolus, Inc.

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Evolus, Inc. is a performance beauty enterprise that furnishes the United States market with medical aesthetic solutions for healthcare professionals and their patients. A key product in its portfolio is Jeuveau, a proprietary 900 kilodalton purified botulinum toxin type A formulation. This product is specifically designed for adults seeking the temporary smoothing of moderate to severe glabellar (frown) lines.

How they make money

Evolus operates a performance beauty company that generates revenue primarily through the sale of its aesthetic injectable products to medical aesthetic practices. The company utilizes a direct-to-customer commercial model supported by a digital platform and a loyalty program to drive product adoption, reorders, and customer retention within the aesthetic market.

Products & services

The company markets Jeuveau, a botulinum toxin type A injectable for the treatment of glabellar lines, and Evolysse, a line of dermal fillers.

Brands & revenue mix

Jeuveau

Flagship botulinum toxin product.

Separate brand revenue is not available in this research.Source

Evolysse

Line of dermal fillers.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

ProductUSD 294.96M99.3%

Period ended 2025-12-31Source

ServiceUSD 2.22M0.8%

Period ended 2025-12-31Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

  • Medical aesthetic practicesSource

Customer concentration

The company sells its products to a large number of individual medical aesthetic practices and does not rely on a single customer for a significant portion of its revenue as of the fiscal year ended December 31, 2025.

Suppliers, materials & equipment

  • Daewoong Pharmaceutical Co., Ltd. — The sole manufacturer and supplier of the company's flagship product, Jeuveau.Source

Business relationships & partnerships

  • Daewoong Pharmaceutical Co., Ltd. — A South Korean pharmaceutical manufacturer that supplies Jeuveau to Evolus under a long-term distribution and supply agreement.Source

Competitors

  • AbbVie Inc. — Competes in the aesthetic injectable market with its Botox product line.Source
  • Galderma — Competes in the aesthetic injectable market with its Dysport and Restylane product lines.Source
  • Revance Therapeutics, Inc. — Competes in the aesthetic injectable market with its Daxxify product.Source

Strengths

  • Digitally enabled commercial platformSource
  • High customer reorder ratesSource

Risks

  • Reliance on a single supplier (Daewoong) for JeuveauSource
  • Intense competition in the aesthetic marketSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

24

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

41

Weak

Financial Strength

14

Business Quality / Moat

91

Management

33

Growth Quality

36

Risk / Durability

20

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

26

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

41/100

Building Historical Record

Model Score 41/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like

No strong positive signal is being highlighted from the currently available summary data.

What to watch
  • •CRITICAL: Going-concern warning
  • •Elevated debt risk
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for EOLS

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can EOLS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can EOLS fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Is EOLS's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • •What specifically needs to improve for EOLS to reach sustainable profitability?
  • •What future growth or profitability would be needed to justify EOLS's current valuation?
⚠ 2 warningsView warning details
CRITICAL: Going-concern warningElevated debt risk
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

24

0–100 · Poor

Opportunity Score

26

0–100 · Poor

Market Cap

$500.6M

P/E Ratio

-15.4

EPS

$-0.52

52-Week High

$9.31

52-Week Low

$3.86

Beta

1.43

Analyst Target

$17.00

Shares Outstanding

64.5M

Total Revenue

$316.5M

Total Debt

$164.8M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$-0.48

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
48/ 100
+5 pts / 5d

Neutral / mixed momentum

5D +2.3% · 20D -5.4% · RSI 46 · Price vs 20D avg +1.8%
Volatility
51/ 100
+7 pts / 5d

Normal movement

20D realized vol 59.6% · 60D 64.2% · Acceleration 0.93x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for EOLS

Detected from reported data — verify before acting.

CRITICAL: Going-concern warning

Reported financials show negative stockholders' equity, a net loss, and negative operating cash flow — a combination that raises substantial doubt about the company's ability to continue as a going concern. Wall Street Score is subject to a severe hard cap.

Elevated debt risk

Negative shareholder equity • Interest coverage is below 2x • Free cash flow is negative

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on EOLS.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Digitally enabled commercial platform.
  • +High customer reorder rates.

Potential downside factors

  • −Debt risk (elevated): Negative shareholder equity.
  • −Interest coverage is below 2x.
  • −Free cash flow is negative.
  • −Reliance on a single supplier (Daewoong) for Jeuveau.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Very Weak24/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

24

Tap for breakdown →

Poor

21

Debt Cost12.7%
Debt Reduction YoY-19.2%
Debt / Equity-6.71x

Tap for breakdown →

Poor

30

Revenue YoY6.5%
Revenue CAGR21.3%
Net Margin-10.8%

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Poor

28

Asset Growth YoY-2.9%
Liquidation/Share-$0.48
Net Assets/MCap0.16x

Tap for breakdown →

Poor

0

Earnings Yield-6.5%
Buyback Yield0.0%
Debt Cost12.7%

Tap for breakdown →

Poor

33

ROIC-42.4%
ROE111.1%
ROA-13.8%

Tap for breakdown →

Elite

91

EPS Growth—
FCF/Share Growth—
Rev/Share Growth16.7%

Tap for breakdown →

Poor

0

Intrinsic Value—
Value Reference—
MOS—

Tap for breakdown →

Poor

34

Revenue30
Moat91
Valuation0

Tap for breakdown →

Poor

0

MOS %—
Value Reference—
Deep Discount Reference—

Tap for breakdown →

Poor

25

Interest Coverage-1.9x
ROIC-42.4%
FCF Yield-9.6%

Tap for breakdown →

Poor

22

Financial25
Valuation0
Debt21

Tap for breakdown →

Poor

30

Survival Years1.1 yrs
Current Ratio1.90x
FCF Margin-17.1%

Tap for breakdown →

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Score Changes

6 historical score records available

Previous Score

24

Sep 21, 2026

Change

Unchanged

Current Score

24

Oct 1, 2026

Category Changes

Revenue-0.1
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0

EOLS score was unchanged.

Projected Score

Projected Score

21

Projected Change

-3.4 points

Preliminary comparable-period financial changes suggest decline of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Valuation unavailable

Current Price

$7.58

Model Intrinsic Value

—

Difference

—

Margin of Safety

—

Value Reference: —
Deep Discount Reference: —

Intrinsic value is not currently available for this stock, so valuation can't be calculated.

Financial Charts

Revenue

20152016201720182019202020212022202320242025$0$75M$150M$225M$300M

Additional Metrics

Operating Cash Flow

201520172019202120232025-$100M-$75M-$50M-$25M$0

Total Debt

201520172019202120232025$0$55M$110M$165M$220M

Total Assets

201520172019202120232025$0$65M$130M$195M$260M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$316.5M$297.2M$266.3M$202.1M····························
Cost of Revenue$106.8M$104.4M$84.0M$61.6M····························
Gross Profit$209.7M$192.8M$182.3M$140.5M····························
Research & Development$9.7M$9.6M$9.2M$15.4M····························
SG&A Expenses$216.5M$220.8M$198.0M$164.9M····························
Operating Expenses$232.9M$230.4M$216.7M$189.8M····························
EBITDA-$10.2M-$22.5M-$25.0M-$41.8M····························
Operating Income-$23.2M-$37.6M-$34.4M-$49.2M····························
Interest Expense$16.2M$19.7M$18.7M$13.8M····························
Income Before Tax-$33.7M-$51.0M-$49.8M-$61.5M····························
Income Tax Expense$654K$677K$664K$176K····························
Net Income-$34.3M-$51.6M-$50.4M-$61.7M····························
Basic EPS$-0.52$-0.80$-0.81$-1.08····························
Basic Shares65.93M64.47M62.02M56.92M····························
Diluted Shares65.93M64.47M62.02M56.92M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 4, 2026
Estimated EPS: -$0.05Estimated revenue: $77.9M
Jun 30, 2026Q2FY2026

Revenue

$84.1M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.12

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+6.4%

Cash Change

-26.8%

Margin Change

+15.1 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded

What Weakened

  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, net income margin. Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 21.2%. EPS declined 55.6%. Cash declined 26.8%. Total debt increased 6.4%. Net income margin improved by 15.1 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 23, 26Aug 13, 26Sep 4, 26Sep 7, 26Sep 21, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Debt Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Revenue Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Asset Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Capital Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Management Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Moat Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Valuation Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Buffett Score

Sep 7, 26Sep 21, 26Oct 1, 260255075100

Intrinsic Value

No data

Value Reference

No data

Margin of Safety %

No data

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News

Rumor Mill · EOLS

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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