Inogen, Inc. (INGN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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INGN Revenue Growth
Revenue Breakdown
INGN's revenue distribution by segment and geography
By Geography
INGN Revenue Analysis (2014–2025)
As of May 8, 2026, Inogen, Inc. (INGN) generated trailing twelve-month (TTM) revenue of $351.5 million, reflecting modest growth of +3.4% year-over-year. The most recent quarter (Q1 2026) recorded $85.1 million in revenue, up 4.1% sequentially.
Looking at the longer-term picture, INGN's 5-year compound annual growth rate (CAGR) stands at +2.5%, indicating moderate growth over time. The company achieved its highest annual revenue of $377.2 million in 2022.
When compared to Healthcare sector peers including LNTH (+0.6% YoY), CRVL (+8.1% YoY), and APOG (+3.2% YoY), INGN has underperformed the peer group in terms of revenue growth. Compare INGN vs LNTH →
INGN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| INGNCurrent | $351M | +3.4% | +2.5% | -8.7% | |
 LNTH | $1.5B | +0.6% | +35.3% | 20.2% | |
 CRVL | $896M | +8.1% | +8.6% | 13.5% | |
 APOG | $1.4B | +3.2% | +2.7% | 6.0% | |
 PHM | $17.3B | -5.9% | +9.4% | 17.3% | |
 LUNG | $90M | +8.0% | +22.6% | -59.3% |
INGN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $348.7M | +3.9% | $165.9M | 47.6% | $-30,207,000 | -8.7% |
| 2024 | $335.7M | +6.4% | $154.7M | 46.1% | $-42,516,000 | -12.7% |
| 2023 | $315.7M | -16.3% | $126.7M | 40.1% | $-109,386,000 | -34.7% |
| 2022 | $377.2M | +5.4% | $153.5M | 40.7% | $-85,243,000 | -22.6% |
| 2021 | $358.0M | +16.1% | $176.5M | 49.3% | $9.2M | 2.6% |
| 2020 | $308.5M | -14.8% | $138.2M | 44.8% | $-12,025,000 | -3.9% |
| 2019 | $361.9M | +1.1% | $171.9M | 47.5% | $19.8M | 5.5% |
| 2018 | $358.1M | +43.6% | $178.6M | 49.9% | $37.9M | 10.6% |
| 2017 | $249.4M | +23.0% | $121.2M | 48.6% | $27.6M | 11.1% |
| 2016 | $202.8M | +27.6% | $97.3M | 48.0% | $22.9M | 11.3% |
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Start ComparisonINGN — Frequently Asked Questions
Quick answers to the most common questions about buying INGN stock.
Is INGN's revenue growth accelerating or slowing?
INGN revenue growth slowed to +3.4%, below the 5-year CAGR of +2.5%. TTM revenue is $351M. The deceleration marks a shift from historical growth rates.
What is INGN's long-term revenue growth rate?
Inogen, Inc.'s 5-year revenue CAGR of +2.5% reflects the variable expansion pattern. Current YoY growth of +3.4% is near this long-term average.
How is INGN's revenue distributed by segment?
INGN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.