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Segments

By segment

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Operating Segment$25.83M-7.1%

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
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)
Interest and dividend (income), net(3,741)(5,066)

Item 1. Financial Statements.

FAQ

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.

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