Beauty Health Company (The) - Class A

SkinHealth Systems Inc. (NASDAQ: SKIN), formerly The Beauty Health Company, is a global medical aesthetics company. It offers an integrated ecosystem of clinically validated skin health treatments through an omnichannel network of providers such as spas, medspas and dermatology practices.

Its flagship brand is Hydrafacial, a professional skincare treatment. Complementary offerings include SkinStylus microneedling and HydraScalp with Keravive.

The business model has two parts:
- **Delivery Systems:** sales of treatment devices to providers.
- **Consumables:** recurring sales of proprietary serums, boosters and tips used in treatments. These make up the majority of revenue and are tied to an active install base of more than 37,000 systems.

The company reports across the Americas, APAC and EMEA, and is the largest in the Americas. It has shifted to distributor models in China and in Australia/New Zealand. Recent developments include:
- The new HydraClear Treatment Booster.
- Expansion of SkinStylus into six European markets.
- Retirement of its 2026 convertible notes.
- A 1-for-20 reverse stock split in October 2026.

Its remaining debt is the 7.95% Convertible Senior Secured Notes due 2028. Updated Nov 5, 2026