What is Inspire Medical Systems's R&D?

Inspire Medical Systems (INSP) reported R&D of $25.83M in Q1 2026.

How has Inspire Medical Systems's R&D changed year-over-year?

Inspire Medical Systems's 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 R&D?

Over 4 years (2021 to 2025), Inspire Medical Systems's R&D has grown at a 28.9% compound annual growth rate (CAGR), from $37.35M to $103.17M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Inspire Medical Systems INSP R&D

R&D at other companies

LivaNovaLIVN

$58.7M+55.0%

StrykerSYK

$413M+2.0%

ITG

Integer HoldingsITGR

$16.24M+14.4%

MedtronicMDT

$671M-1.9%

Intuitive SurgicalISRG

$361.9M+14.5%

Segments

By segment

See full

Operating Segment$25.83M-7.1%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$12.8M+292%

CapEx$9.7M+15.7%

Free cash flow$3.1M+121%

Valuation

See full

Market cap$1.24B-67.8%

Enterprise value$1.18B-69.4%

P/E9.5×-48.6×

P/S1.4×-3.2×

Profitability

See full

Gross margin85.8%+1.1pp

Operating margin5.6%-0.3pp

Net margin14.3%+6.4pp

FCF margin10.6%+1.2pp

Returns & leverage

See full

Return on equity18.4%+7.5pp

Debt / equity0×0.0×

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 R&D?: Inspire Medical Systems (INSP) reported R&D of $25.83M in Q1 2026.
How has Inspire Medical Systems's R&D changed year-over-year?: Inspire Medical Systems's 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 R&D?: Over 4 years (2021 to 2025), Inspire Medical Systems's R&D has grown at a 28.9% compound annual growth rate (CAGR), from $37.35M to $103.17M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.