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Evolus, Inc. (EOLS) Stock Fundamental Analysis & AI Rating 2026

EOLS Nasdaq Pharmaceutical Preparations DE CIK: 0001570562
Updated This Month • Analysis: Mar 24, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
88% Confidence
AGREEMENT
STRONG SELL
92% Conf
SELL
85% Conf

📊 EOLS Key Takeaways

Revenue: $297.2M
Net Margin: -17.4%
Free Cash Flow: $-45.7M
Current Ratio: 1.90x
Debt/Equity: N/A
EPS: $-0.80
AI Rating: STRONG SELL with 92% confidence
Evolus, Inc. (EOLS) receives a SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $297.2M, net profit margin of -17.4%, Evolus, Inc. demonstrates mixed fundamentals in the Healthcare sector. Below is our complete EOLS stock analysis for 2026.

Is Evolus, Inc. (EOLS) a Good Investment?

Claude

Evolus is a financially distressed pharmaceutical company with negative stockholders' equity of -$23.1M, indicating liabilities exceed assets. Despite 11.6% revenue growth to $297.2M, the company is burning cash with -$45.7M free cash flow and cannot achieve profitability with a -17.4% net margin. The company faces an existential solvency risk given negative equity, negative operating cash flow, and $146.1M in long-term debt against only $53.8M in cash.

ChatGPT

Evolus is showing solid top-line growth and healthy gross margins, which suggests its core product economics remain attractive. However, that revenue growth is not translating into operating profitability or cash generation, and the combination of recurring losses, negative free cash flow, high leverage, and negative equity materially weakens the fundamental picture. Until margin improvement and cash flow stabilization become clear, the business looks financially stretched rather than fundamentally strong.

Why Buy Evolus, Inc. Stock? EOLS Key Strengths

Claude
  • + Revenue growth of 11.6% YoY demonstrates market demand for products
  • + Strong gross margin of 66.3% indicates pricing power and product profitability at contribution level
  • + Current ratio of 1.90x suggests near-term liquidity to cover immediate obligations
ChatGPT
  • + Revenue grew 11.6% year over year, indicating continued commercial demand
  • + Gross margin of 66.3% shows strong underlying product economics
  • + Current ratio of 1.90x and quick ratio of 1.54x indicate acceptable near-term liquidity

EOLS Stock Risks: Evolus, Inc. Investment Risks

Claude
  • ! Negative stockholders' equity of -$23.1M indicates technical insolvency and potential covenant violations
  • ! Operating cash flow negative at -$42.3M with free cash flow of -$45.7M; company is depleting cash reserves unsustainably
  • ! Operating loss of -$32.7M on $297.2M revenue indicates inability to convert gross profit to operational earnings despite revenue growth
  • ! Long-term debt of $146.1M with only $53.8M cash and negative operating cash flow creates debt service risk
  • ! Net loss of -$51.6M indicates cash burn accelerating beyond operating losses due to interest and other charges
ChatGPT
  • ! Operating margin of -11.0% and net margin of -17.4% show the company is still structurally unprofitable
  • ! Negative operating cash flow and free cash flow indicate growth is not yet self-funding
  • ! Negative stockholders equity, $146.10M of long-term debt, and negative interest coverage point to elevated balance sheet risk

Key Metrics to Watch

Claude
  • * Operating cash flow trajectory and path to positive FCF generation
  • * Stockholders' equity recovery and solvency status
  • * Ability to service $146.1M long-term debt with deteriorating cash position
  • * Operating margin improvement and timeline to profitability at EBIT level
  • * Cash burn rate and months of cash remaining at current depletion rates
ChatGPT
  • * Operating cash flow and free cash flow trend
  • * Operating margin improvement relative to revenue growth

Evolus, Inc. (EOLS) Financial Metrics & Key Ratios

Revenue
$297.2M
Net Income
$-51.6M
EPS (Diluted)
$-0.80
Free Cash Flow
$-45.7M
Total Assets
$225.9M
Cash Position
$53.8M

💡 AI Analyst Insight

Evolus, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

EOLS Profit Margin, ROE & Profitability Analysis

Gross Margin 66.3%
Operating Margin -11.0%
Net Margin -17.4%
ROE N/A
ROA -22.9%
FCF Margin -15.4%

EOLS vs Healthcare Sector: How Evolus, Inc. Compares

How Evolus, Inc. compares to Healthcare sector averages

Net Margin
EOLS -17.4%
vs
Sector Avg 12.0%
EOLS Sector
ROE
EOLS 0.0%
vs
Sector Avg 15.0%
EOLS Sector
Current Ratio
EOLS 1.9x
vs
Sector Avg 2.0x
EOLS Sector
Debt/Equity
EOLS 0.0x
vs
Sector Avg 0.6x
EOLS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Evolus, Inc. Stock Overvalued? EOLS Valuation Analysis 2026

Based on fundamental analysis, Evolus, Inc. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
N/A
Sector avg: 15%
Net Profit Margin
-17.4%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Evolus, Inc. Balance Sheet: EOLS Debt, Cash & Liquidity

Current Ratio
1.90x
Quick Ratio
1.54x
Debt/Equity
N/A
Debt/Assets
110.2%
Interest Coverage
-6.95x
Long-term Debt
$146.1M

EOLS Revenue & Earnings Growth: 5-Year Financial Trend

EOLS 5-year financial data: Year 2021: Revenue $99.7M, Net Income -$163.0M, EPS $-4.83. Year 2022: Revenue $148.6M, Net Income -$46.8M, EPS $-0.94. Year 2023: Revenue $202.1M, Net Income -$74.4M, EPS $-1.33. Year 2024: Revenue $266.3M, Net Income -$74.4M, EPS $-1.33. Year 2025: Revenue $297.2M, Net Income -$61.7M, EPS $-1.08.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Evolus, Inc.'s revenue has grown significantly by 198% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.08 indicates the company is currently unprofitable.

EOLS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-15.4%
Free cash flow / Revenue

EOLS Quarterly Earnings & Performance

Quarterly financial performance data for Evolus, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $61.1M -$11.4M $-0.24
Q2 2025 $66.9M -$11.4M $-0.18
Q1 2025 $59.3M -$13.1M $-0.22
Q3 2024 $50.0M -$11.4M $-0.30
Q2 2024 $49.3M -$11.4M $-0.18
Q1 2024 $41.7M -$13.1M $-0.22
Q3 2023 $33.9M -$14.8M $-0.30
Q2 2023 $37.2M -$14.8M $-0.32

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Evolus, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$42.3M
Cash generated from operations
Capital Expenditures
$3.4M
Investment in assets
Dividends
None
No dividend program

EOLS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Evolus, Inc. (CIK: 0001570562)

📋 Recent SEC Filings

Date Form Document Action
Mar 20, 2026 4 xslF345X06/wk-form4_1774048743.xml View →
Mar 20, 2026 4 xslF345X06/wk-form4_1774048737.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773878432.xml View →
Mar 18, 2026 4 xslF345X06/wk-form4_1773878429.xml View →
Mar 13, 2026 8-K eols-20260313.htm View →

Frequently Asked Questions about EOLS

What is the AI rating for EOLS?

Evolus, Inc. (EOLS) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 88% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are EOLS's key strengths?

Claude: Revenue growth of 11.6% YoY demonstrates market demand for products. Strong gross margin of 66.3% indicates pricing power and product profitability at contribution level. ChatGPT: Revenue grew 11.6% year over year, indicating continued commercial demand. Gross margin of 66.3% shows strong underlying product economics.

What are the risks of investing in EOLS?

Claude: Negative stockholders' equity of -$23.1M indicates technical insolvency and potential covenant violations. Operating cash flow negative at -$42.3M with free cash flow of -$45.7M; company is depleting cash reserves unsustainably. ChatGPT: Operating margin of -11.0% and net margin of -17.4% show the company is still structurally unprofitable. Negative operating cash flow and free cash flow indicate growth is not yet self-funding.

What is EOLS's revenue and growth?

Evolus, Inc. reported revenue of $297.2M.

Does EOLS pay dividends?

Evolus, Inc. does not currently pay dividends.

Where can I find EOLS SEC filings?

Official SEC filings for Evolus, Inc. (CIK: 0001570562) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is EOLS's EPS?

Evolus, Inc. has a diluted EPS of $-0.80.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is EOLS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Evolus, Inc. has a SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is EOLS stock overvalued or undervalued?

Valuation metrics for EOLS: ROE of N/A (sector avg: 15%), net margin of -17.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy EOLS stock in 2026?

Our dual AI analysis gives Evolus, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is EOLS's free cash flow?

Evolus, Inc.'s operating cash flow is $-42.3M, with capital expenditures of $3.4M. FCF margin is -15.4%.

How does EOLS compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin -17.4% (avg: 12%), ROE N/A (avg: 15%), current ratio 1.90 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 24, 2026 | Data as of: 2025-12-31 | Powered by Claude AI