INSP
Inspire Medical Systems Inc
NYSE: INSP · HEALTHCARE · MEDICAL DEVICES
$53.41
-3.08% today
Updated 2026-04-29
Market cap
$1.54B
P/E ratio
10.92
P/S ratio
1.69x
EPS (TTM)
$4.89
Dividend yield
—
52W range
$48 – $163
Volume
1.0M
Inspire Medical Systems Inc (INSP) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.01M | $16.43M | $28.57M | $50.59M | $82.05M | $115.38M | $233.39M | $407.86M | $624.80M | $802.80M | $911.98M |
| Revenue growth (YoY) | — | +105.0% | +73.9% | +77.1% | +62.2% | +40.6% | +102.3% | +74.7% | +53.2% | +28.5% | +13.6% |
| Cost of revenue | $2.81M | $3.90M | $6.02M | $10.06M | $13.64M | $17.62M | $33.28M | $66.11M | $96.58M | $122.99M | $133.22M |
| Gross profit | $5.20M | $12.52M | $22.55M | $40.54M | $68.41M | $97.76M | $200.12M | $341.74M | $528.22M | $679.82M | $778.76M |
| Gross margin | 64.9% | 76.2% | 78.9% | 80.1% | 83.4% | 84.7% | 85.7% | 83.8% | 84.5% | 84.7% | 85.4% |
| R&D | $7.08M | $7.09M | $6.19M | $7.39M | $12.84M | $26.09M | $37.35M | $68.64M | $116.54M | $114.13M | $103.17M |
| SG&A | $2.63M | $19.28M | $3.81M | $44.23M | $72.47M | $101.47M | $154.81M | $246.39M | $422.69M | $434.71M | $624.64M |
| Operating income | $-19.80M | $-17.25M | $-16.00M | $-20.38M | $-34.90M | $-56.21M | $-39.85M | $-47.59M | $-40.27M | $36.08M | $50.95M |
| Operating margin | -247.1% | -105.0% | -56.0% | -40.3% | -42.5% | -48.7% | -17.1% | -11.7% | -6.4% | 4.5% | 5.6% |
| EBITDA | $-19.65M | $-17.12M | $-15.47M | $-18.13M | $-30.59M | $-54.13M | $-38.62M | $-40.73M | $-40.27M | $65.03M | $64.91M |
| EBITDA margin | -245.3% | -104.2% | -54.2% | -35.8% | -37.3% | -46.9% | -16.5% | -10.0% | -6.4% | 8.1% | 7.1% |
| EBIT | $-19.77M | $-17.23M | $-15.76M | $-18.52M | $-31.08M | $-54.97M | $-39.84M | $-42.59M | $-40.27M | $58.48M | $50.95M |
| Interest expense | $1.56M | $1.30M | $1.75M | $3.30M | $2.12M | $2.12M | $2.13M | $1.68M | $0.00 | $22000.00 | $137000.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-21.34M | $-18.53M | $-17.51M | $-21.83M | $-33.24M | $-57.20M | $-42.04M | $-44.88M | $-21.15M | $53.51M | $145.42M |
| Net income growth (YoY) | — | +13.2% | +5.5% | -24.7% | -52.3% | -72.1% | +26.5% | -6.8% | +52.9% | +353.0% | +171.8% |
| Profit margin | -266.3% | -112.8% | -61.3% | -43.1% | -40.5% | -49.6% | -18.0% | -11.0% | -3.4% | 6.7% | 15.9% |