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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$1.24B-67.8%
Enterprise value$1.18B-69.4%
P/E9.5×-48.6×
P/S1.4×-3.2×

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 official record: Inspire Medical Systems’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.