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Inspire Medical Systems INSP Business Segments — R&D

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Other financials

Income statement

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Revenue$204.6M+1.6%
Gross profit$176.9M+3.7%
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

Reported directly by Inspire Medical Systems in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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
Less: (a)
Cost of goods sold27,67130,709
Research and development expense25,82627,803
Selling, general and administrative expense (excluding advertising expense)130,558123,349
Advertising expense21,64620,941
Operating (loss)(1,118)(1,485)
Other income (b)(3,515)(5,644)

Item 1. Financial Statements.

FAQ

What is Inspire Medical Systems's business segments — R&D?
Inspire Medical Systems (INSP) reported business segments — R&D of $25.83M in Q1 2026.
How has Inspire Medical Systems's business segments — R&D changed year-over-year?
Inspire Medical Systems's business segments — R&D decreased by 7.1% year-over-year, from $27.8M to $25.83M.
What is the long-term trend for Inspire Medical Systems's business segments — R&D?
Over 3 years (2022 to 2025), Inspire Medical Systems's business segments — R&D has grown at a 14.5% compound annual growth rate (CAGR), from $68.65M to $103.17M.
What does business segments — R&D mean?
Captures expenditures dedicated to the innovation, design, and clinical testing of new or improved medical technologies. This investment is critical for maintaining a competitive advantage in the neurostimulation market and ensuring long-term product pipeline viability.

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