Inspire Medical Systems, Inc. (INSP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 204.58M | 269.08M | 224.5M | 217.09M | 201.32M | 239.72M | 203.19M | 195.88M | 164.01M | 192.51M | 153.3M | 151.09M | 127.9M | 137.9M | 109.19M | 91.39M | 69.38M | 78.4M | 61.69M | 52.96M |
| Revenue Growth % | 1.62% | 12.25% | 10.49% | 10.82% | 22.75% | 24.52% | 32.54% | 29.65% | 28.24% | 39.6% | 40.4% | 65.33% | 84.34% | 75.9% | 77.01% | 72.56% | 71.94% | 70.4% | 72.1% | 334.7% |
| Cost of Goods Sold | 27.67M | 36.07M | 31.77M | 34.67M | 30.71M | 35.99M | 32.4M | 29.84M | 24.76M | 28.05M | 24.38M | 24.25M | 19.89M | 22.15M | 19.79M | 14.17M | 10M | 11.16M | 8.62M | 7.52M |
| COGS % of Revenue | 13.53% | 13.41% | 14.15% | 15.97% | 15.25% | 15.01% | 15.94% | 15.24% | 15.09% | 14.57% | 15.9% | 16.05% | 15.55% | 16.06% | 18.12% | 15.51% | 14.42% | 14.23% | 13.98% | 14.2% |
| Gross Profit | 176.91M | 233.01M | 192.73M | 182.41M | 170.61M | 203.73M | 170.79M | 166.04M | 139.25M | 164.45M | 128.92M | 126.84M | 108.01M | 115.75M | 89.4M | 77.21M | 59.38M | 67.24M | 53.06M | 45.44M |
| Gross Margin % | 86.47% | 86.59% | 85.85% | 84.03% | 84.75% | 84.99% | 84.06% | 84.77% | 84.91% | 85.43% | 84.1% | 83.95% | 84.45% | 83.94% | 81.88% | 84.49% | 85.58% | 85.77% | 86.02% | 85.8% |
| Gross Profit Growth % | 3.69% | 14.37% | 12.84% | 9.86% | 22.52% | 23.88% | 32.48% | 30.91% | 28.93% | 42.08% | 44.2% | 64.27% | 81.9% | 72.14% | 68.49% | 69.92% | 72.76% | 73.09% | 73.23% | 344.24% |
| Operating Expenses | 178.03M | 186.9M | 183.08M | 185.73M | 172.09M | 171.85M | 156.47M | 160.94M | 154.47M | 155.16M | 142.39M | 143.44M | 127.51M | 116.08M | 106.6M | 91.22M | 75.43M | 69.06M | 62.86M | 57.98M |
| OpEx % of Revenue | 87.02% | 69.46% | 81.55% | 85.56% | 85.48% | 71.69% | 77.01% | 82.16% | 94.18% | 80.6% | 92.88% | 94.93% | 99.7% | 84.18% | 97.63% | 99.82% | 108.72% | 88.09% | 101.9% | 109.49% |
| Selling, General & Admin | 152.2M | 161.95M | 158.87M | 159.52M | 144.29M | 141.51M | 130.39M | 132.08M | 125.62M | 124.11M | 113.25M | 112.62M | 101.99M | 94.83M | 85.6M | 76.69M | 63.56M | 58.77M | 53.24M | 48.7M |
| SG&A % of Revenue | 74.4% | 60.19% | 70.77% | 73.48% | 71.67% | 59.03% | 64.17% | 67.43% | 76.59% | 64.47% | 73.87% | 74.54% | 79.74% | 68.77% | 78.4% | 83.91% | 91.61% | 74.96% | 86.31% | 91.95% |
| Research & Development | 25.83M | 24.94M | 24.21M | 26.21M | 27.8M | 30.34M | 26.08M | 28.86M | 28.85M | 31.05M | 29.14M | 30.82M | 25.52M | 21.25M | 20.99M | 14.53M | 11.87M | 10.29M | 9.61M | 9.29M |
| R&D % of Revenue | 12.62% | 9.27% | 10.78% | 12.07% | 13.81% | 12.65% | 12.84% | 14.73% | 17.59% | 16.13% | 19.01% | 20.4% | 19.95% | 15.41% | 19.23% | 15.9% | 17.11% | 13.13% | 15.59% | 17.54% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -1.12M | 46.11M | 9.64M | -3.32M | -1.49M | 31.88M | 14.32M | 5.1M | -15.22M | 9.3M | -13.47M | -16.6M | -19.5M | -335K | -17.19M | -14.01M | -16.06M | -1.82M | -9.8M | -12.54M |
| Operating Margin % | -0.55% | 17.14% | 4.3% | -1.53% | -0.74% | 13.3% | 7.05% | 2.6% | -9.28% | 4.83% | -8.79% | -10.99% | -15.25% | -0.24% | -15.75% | -15.33% | -23.14% | -2.32% | -15.88% | -23.69% |
| Operating Income Growth % | 24.71% | 44.62% | -32.64% | -165.03% | 90.24% | 242.95% | 206.29% | 130.72% | 21.95% | 2875.22% | 21.65% | -18.5% | -21.44% | 81.6% | -75.52% | -11.66% | -2.34% | 74.21% | 0.97% | 45.02% |
| EBITDA | -1.12M | 49.93M | 13.32M | 98K | 1.56M | 34.36M | 16.17M | 6.48M | -14.38M | 10.11M | -12.69M | -15.94M | -18.91M | 234K | -16.68M | -13.59M | -15.7M | -1.48M | -9.46M | -12.24M |
| EBITDA Margin % | -0.55% | 18.56% | 5.93% | 0.05% | 0.77% | 14.33% | 7.96% | 3.31% | -8.77% | 5.25% | -8.28% | -10.55% | -14.78% | 0.17% | -15.28% | -14.87% | -22.62% | -1.88% | -15.34% | -23.11% |
| EBITDA Growth % | -171.71% | 45.31% | -17.61% | -98.49% | 110.84% | 239.75% | 227.37% | 140.66% | 23.94% | 4222.22% | 23.9% | -17.29% | -20.44% | 115.84% | -76.33% | -11.03% | -1.57% | 78.31% | 2.27% | 45.9% |
| D&A (Non-Cash Add-back) | 0 | 3.82M | 3.68M | 3.41M | 3.04M | 2.48M | 1.85M | 1.38M | 839K | 817K | 777K | 659K | 593K | 569K | 513K | 417K | 359K | 344K | 336K | 304K |
| EBIT | 0 | 46.11M | 13.56M | -2.33M | -1.49M | 54.28M | 20.33M | 10.85M | -15.22M | 15.24M | -13.47M | -16.6M | -19.5M | 3.27M | -15.95M | -13.85M | -16.07M | -1.83M | -9.81M | -12.53M |
| Net Interest Income | 0 | 3.88M | 3.97M | 4.48M | 5.07M | 5.53M | 5.89M | 5.88M | 5.92M | 5.87M | 5.5M | 4.92M | 4.27M | 3.37M | 694K | -197K | -493K | -523K | -515K | -499K |
| Interest Income | 0 | 4M | 3.98M | 4.49M | 5.07M | 5.55M | 5.89M | 5.88M | 5.92M | 5.87M | 5.5M | 4.92M | 4.27M | 3.37M | 1.35M | 297K | 34K | 15K | 22K | 31K |
| Interest Expense | 0 | 122K | 11K | 4K | 0 | 22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 656K | 494K | 527K | 538K | 537K | 530K |
| Other Income/Expense | 3.52M | 4.21M | 3.91M | 984K | 5.64M | 4.75M | 6.01M | 5.75M | 5.86M | 5.94M | 5.27M | 4.86M | 4.29M | 3.61M | 593K | -341K | -538K | -550K | -548K | -518K |
| Pretax Income | 2.4M | 50.32M | 13.55M | -2.33M | 4.16M | 36.64M | 20.33M | 10.85M | -9.36M | 15.24M | -8.2M | -11.74M | -15.21M | 3.27M | -16.6M | -14.35M | -16.59M | -2.37M | -10.34M | -13.06M |
| Pretax Margin % | 1.17% | 18.7% | 6.04% | -1.07% | 2.07% | 15.28% | 10% | 5.54% | -5.7% | 7.92% | -5.35% | -7.77% | -11.89% | 2.37% | -15.2% | -15.7% | -23.92% | -3.02% | -16.77% | -24.66% |
| Income Tax | 13.69M | -85.77M | 3.62M | 1.26M | 1.17M | 1.41M | 1.83M | 1.05M | 650K | 477K | 340K | 214K | 216K | 125K | 246K | 142K | 100K | 20K | 3K | 26K |
| Effective Tax Rate % | 571.17% | -170.45% | 26.71% | -54.03% | 28.06% | 3.85% | 9% | 9.71% | -6.95% | 3.13% | -4.15% | -1.82% | -1.42% | 3.82% | -1.48% | -0.99% | -0.6% | -0.84% | -0.03% | -0.2% |
| Net Income | -11.29M | 136.09M | 9.93M | -3.59M | 2.99M | 35.22M | 18.5M | 9.79M | -10.01M | 14.76M | -8.54M | -11.95M | -15.42M | 3.15M | -16.85M | -14.49M | -16.69M | -2.39M | -10.35M | -13.09M |
| Net Margin % | -5.52% | 50.58% | 4.42% | -1.65% | 1.49% | 14.69% | 9.1% | 5% | -6.1% | 7.67% | -5.57% | -7.91% | -12.06% | 2.28% | -15.43% | -15.86% | -24.06% | -3.05% | -16.77% | -24.71% |
| Net Income Growth % | -477.47% | 286.36% | -46.3% | -136.68% | 129.91% | 138.6% | 316.59% | 181.94% | 35.13% | 368.67% | 49.31% | 17.52% | 7.61% | 231.74% | -62.82% | -10.71% | -2.95% | 68.05% | 0.37% | 43.31% |
| Net Income (Continuing) | -11.29M | 136.09M | 9.93M | -3.59M | 2.99M | 35.22M | 18.5M | 9.79M | -10.01M | 14.76M | -8.54M | -11.95M | -15.42M | 3.15M | -16.85M | -14.49M | -16.69M | -2.39M | -10.35M | -13.09M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.39 | 4.66 | 0.34 | -0.12 | 0.10 | 1.15 | 0.60 | 0.32 | -0.34 | 0.49 | -0.29 | -0.41 | -0.53 | 0.10 | -0.60 | -0.53 | -0.61 | -0.09 | -0.38 | -0.48 |
| EPS Growth % | -495.14% | 305.22% | -43.33% | -137.5% | 129.03% | 134.69% | 306.9% | 178.05% | 35.85% | 390% | 51.67% | 22.64% | 13.11% | 211.11% | -57.89% | -10.42% | -1.67% | 67.86% | 2.56% | 45.45% |
| EPS (Basic) | -0.39 | 4.70 | 0.34 | -0.12 | 0.10 | 1.18 | 0.62 | 0.33 | -0.34 | 0.50 | -0.29 | -0.41 | -0.53 | 0.11 | -0.60 | -0.53 | -0.61 | -0.09 | -0.38 | -0.48 |
| Diluted Shares Outstanding | 28.7M | 29.22M | 29.6M | 29.51M | 30.31M | 30.75M | 30.63M | 30.41M | 29.62M | 30.24M | 29.37M | 29.23M | 29.09M | 30.21M | 28.23M | 27.59M | 27.52M | 27.37M | 27.3M | 27.23M |
| Basic Shares Outstanding | 28.7M | 28.94M | 29.33M | 29.51M | 29.7M | 29.83M | 29.88M | 29.73M | 29.62M | 29.52M | 29.37M | 29.23M | 29.09M | 28.93M | 28.23M | 27.59M | 27.52M | 27.37M | 27.3M | 27.23M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |