Inspire Medical Systems, Inc. (INSP)
NYSE: INSP · Real-Time Price · USD
68.04
-3.14 (-4.41%)
Oct 30, 2026, 4:00 PM EDT - Market closed

Inspire Medical Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 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
4.614.891.75-0.72-1.60-1.54
EPS Growth
164.44%179.43%----

Revenue by Geography

Fiscal Year
TTMFY 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 Year
CurrentFY 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
29.0932.1631.7924.858.8734.1
Net Cash (Debt)
291.59276.11413.75435.53442.54180.37
Net Cash Growth
8.87%-33.27%-5.00%-1.58%145.35%-11.46%
Net Cash Per Share
9.949.2813.5514.8615.766.62

Cash Flow & CapEx

Fiscal Year
TTMFY 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 Year
TTMFY 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%4.50%-6.44%-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 Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
14.7718.43103.82---
Forward PE
50.1357.14114.37---
P/FCF Ratio
16.7934.1560.965865.342942.75-
PS Ratio
2.192.946.929.6117.8426.97