AirSculpt Technologies Inc 2025年度报告

FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________. Commission file number: 001-40973 AirSculpt Technologies, Inc.(Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code:(786) 709-9690 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to suchfiling requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☒ Table of Contents Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☒ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The registrant had 70,545,681 shares of common stock outstanding as of March30, 2026. DOCUMENTS INCORPORATED BY REFERENCE None. Table of Contents Part IItem 1. Business1Item 1A. Risk Factors46Item 1B. Unresolved Staff Comments46Item 1C. Cybersecurity46Item 2. Properties47Item 3. Legal Proceedings48Item 4. Mine Safety Disclosures48Part II49Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities49Item 6. Reserved49Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations49Item 7A. Quantitative and Qualitative Disclosures about Market Risk64Item 8. Financial Statements and Supplementary Data64Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure90Item 9A. Controls and Procedures90Item 9B. Other Information92Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections92Part III93Item 10. Directors, Executive Officers and Corporate Governance93Item 11. Executive Compensation93Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters93Item 13. Certain Relationships and Related Transactions, and Director Independence93Item 14. Principal Accountant Fees and Services93Part IV94Item 15. Exhibits and Financial Statement Schedules94Item 16. Form 10-K Summary96Signatures97 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS We have made statements in the sections titled “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition andResults of Operations,” “Quantitative and Qualitative Disclosures About Market Risk” and in other sections of this Annual Report onForm 10-K that are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as“may,