Inspire Medical Systems, Inc. (INSP)
NYSE: INSP · Real-Time Price · USD
59.72
-0.44 (-0.73%)
Aug 10, 2026, 4:00 PM EDT - Market closed

Inspire Medical Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
898.74911.98802.8624.8407.86233.39
Revenue Growth
4.35%13.60%28.49%53.19%74.75%102.28%
Gross Profit
774.11778.76679.82528.22341.74200.12
Operating Income
54.1250.9536.08-40.27-47.59-39.85
Net Income
135.04145.4253.51-21.15-44.88-42.04
Earnings Per Share
4.624.891.75-0.72-1.60-1.54
EPS Growth
167.05%179.43%----

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
854.24872.09771.04606.18394.83220.98
All Other Countries
44.5139.931.7618.6213.0212.42
Revenue (Total)
898.74911.98802.8624.8407.86233.39

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
320.68308.27445.55460.38451.41214.47
Total Debt
29.093030.0424.857.5433.78
Net Cash (Debt)
291.59278.27415.51435.53443.88180.68
Net Cash Growth
8.00%-33.03%-4.60%-1.88%145.66%-11.31%
Net Cash Per Share
10.029.3513.6014.8615.816.63

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
157.07116.98130.2524.6511.57-20.12
Capital Expenditures
-39.98-38.5-39.12-23.63-9.1-4.67
Free Cash Flow
117.0978.4891.121.022.47-24.79
Free Cash Flow Growth
37.74%-13.88%8798.73%-58.59%--

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
86.13%85.39%84.68%84.54%83.79%85.74%
Operating Margin
6.02%5.59%4.49%-6.45%-11.67%-17.07%
Pretax Margin
7.72%7.20%7.28%-3.19%-10.85%-17.98%
Profit Margin
15.03%15.95%6.67%-3.39%-11.00%-18.01%
FCF Margin
13.03%8.61%11.35%0.16%0.61%-10.62%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
12.9618.86105.93---
Forward PE
46.1457.14114.37---
P/FCF Ratio
14.7533.5960.505872.542954.56-
PS Ratio
1.922.896.879.6217.9127.02