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Other financials

Income statement

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Revenue$801.7M+23.5%
Gross profit$562.6M+24.4%
Operating income$129.7M+7.1%
Net income$95.0M+322%
EPS (diluted)$1.37+328%

Balance sheet

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Cash & equivalents$534.9M-52.3%
Total debt$974.7M-47.6%
Total equity$1.4B-2.8%
Total assets$3.2B-8.8%

Cash flow

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Operating cash flow$88.4M-55.0%
CapEx$32.5M+74.7%
Free cash flow$55.9M-68.6%

Valuation

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Market cap$9.23B-52.7%
Enterprise value$9.67B-52.3%
P/E24.6×-58.1×
P/S-5.2×

Profitability

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Gross margin71.1%+0.3pp
Operating margin16.9%-0.4pp
Net margin12.3%+2.3pp
FCF margin9.6%-7.5pp

Returns & leverage

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Return on equity26%+6.8pp
Debt / equity0.7×-0.6×
Current ratio2.5×+0.2×

Where this comes from

Reported directly by Insulet in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Insulet’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001145197-26-000169
(in millions, except share and per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of revenue239.1196.9471.8356.8
Gross profit562.6452.21,091.6861.3
Research and development expenses88.173.4177.8133.0
Selling, general and administrative expenses344.8257.7662.1518.4
Operating income129.7121.1251.8209.9
Interest expense(13.5)(19.6)(28.2)(28.8)
Interest income3.610.18.520.3
Loss on extinguishment of debt(84.4)(123.9)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Insulet's SG&A?
Insulet (PODD) reported SG&A of $344.8M in Q2 2026.
How has Insulet's SG&A changed year-over-year?
Insulet's SG&A increased by 33.8% year-over-year, from $257.7M to $344.8M.
What is the long-term trend for Insulet's SG&A?
Over 4 years (2021 to 2025), Insulet's SG&A has grown at a 25.7% compound annual growth rate (CAGR), from $466M to $1.17B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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