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Other financials

Income statement

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Revenue$204.6M+1.6%
Operating income-$1.1M+24.7%
Net income-$11.3M-477%
EPS (diluted)-$0.39-490%

Balance sheet

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Cash & equivalents$98.9M+83.6%
Total debt$29.6M-11.8%
Total equity$792.3M+24.6%
Total assets$911.4M+24.7%

Cash flow

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Operating cash flow$12.8M+292%
CapEx$9.7M+15.7%
Free cash flow$3.1M+121%

Valuation

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Market cap$1.7B-26.6%
Enterprise value$1.63B-27.3%
P/E13×-30.7×
P/S1.9×-0.8×

Profitability

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Gross margin85.8%+1.1pp
Operating margin5.6%-0.3pp
Net margin14.3%+6.4pp
FCF margin10.6%+1.2pp

Returns & leverage

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Return on equity18.4%+7.5pp
Debt / equity0.0×
Current ratio6.3×-2.7×

Where this comes from

Calculated from Inspire Medical Systems’s reported figures.

The source filing: Inspire Medical Systems’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001609550-26-000023
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$204,583$201,317
Cost of goods sold27,67130,709
Gross profit176,912170,608
Operating expenses:
Research and development25,82627,803
Selling, general and administrative152,204144,290
Total operating expenses178,030172,093
Operating (loss)(1,118)(1,485)

Item 1. Financial Statements.

FAQ

What is Inspire Medical Systems's gross profit?
Inspire Medical Systems (INSP) reported gross profit of $176.91M in Q1 2026.
How has Inspire Medical Systems's gross profit changed year-over-year?
Inspire Medical Systems's gross profit increased by 3.7% year-over-year, from $170.61M to $176.91M.
What is the long-term trend for Inspire Medical Systems's gross profit?
Over 4 years (2021 to 2025), Inspire Medical Systems's gross profit has grown at a 40.5% compound annual growth rate (CAGR), from $200.12M to $778.76M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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