Inspire Medical Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	911.98	802.8	624.8	407.86	233.39
Revenue Growth (YoY)	13.60%	28.49%	53.19%	74.75%	102.28%
Cost of Revenue	133.23	122.99	96.58	66.12	33.28
Gross Profit	778.76	679.82	528.22	341.74	200.12
Selling, General & Admin	624.64	529.61	451.96	320.69	202.62
Research & Development	103.17	114.13	116.54	68.65	37.35
Operating Expenses	727.8	643.74	568.49	389.33	239.97
Operating Income	50.95	36.08	-40.27	-47.59	-39.85
Interest Expense	-0.14	-0.02	-	-1.68	-2.13
Interest & Investment Income	17.54	23.25	20.56	5.05	0.13
Currency Exchange Gain (Loss)	-1	-0.9	-0.2	-0.1	-
Other Non Operating Income (Expenses)	-1.66	0.05	0.01	0.05	-0.12
Pretax Income	65.7	58.45	-19.91	-44.27	-41.97
Income Tax Expense	-79.73	4.94	1.25	0.61	0.07
Net Income	145.42	53.51	-21.15	-44.88	-42.04
Net Income to Common	145.42	53.51	-21.15	-44.88	-42.04
Net Income Growth	171.77%	-	-	-	-
Shares Outstanding (Basic)	29	30	29	28	27
Shares Outstanding (Diluted)	30	31	29	28	27
Shares Change (YoY)	-2.57%	4.24%	4.38%	2.97%	4.56%
EPS (Basic)	4.95	1.80	-0.72	-1.60	-1.54
EPS (Diluted)	4.89	1.75	-0.72	-1.60	-1.54
EPS Growth	179.43%	-	-	-	-
Free Cash Flow	78.48	91.12	1.02	2.47	-24.79
Free Cash Flow Per Share	2.64	2.98	0.04	0.09	-0.91
Gross Margin	85.39%	84.68%	84.54%	83.79%	85.74%
Operating Margin	5.59%	4.50%	-6.44%	-11.67%	-17.07%
Profit Margin	15.95%	6.67%	-3.39%	-11.00%	-18.01%
Free Cash Flow Margin	8.61%	11.35%	0.16%	0.61%	-10.62%
EBITDA	64.91	42.63	-37.43	-45.73	-38.63
EBITDA Margin	7.12%	5.31%	-5.99%	-11.21%	-16.55%
D&A For EBITDA	13.96	6.55	2.85	1.86	1.22
EBIT	50.95	36.08	-40.27	-47.59	-39.85
EBIT Margin	5.59%	4.50%	-6.44%	-11.67%	-17.07%
Effective Tax Rate	-	8.46%	-	-	-
Advertising Expenses	114.9	94.9	100.3	74.3	47.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.