Inspire Medical Systems, Inc. (INSP)

Inspire Medical Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	840.11	802.8	624.8	407.86	233.39	115.38
Revenue Growth (YoY)	27.11%	28.49%	53.19%	74.75%	102.28%	40.62%
Cost of Revenue	128.94	122.99	96.58	66.12	33.28	17.62
Gross Profit	711.17	679.82	528.22	341.74	200.12	97.76
Selling, General & Admin	548.28	529.61	451.96	320.69	202.62	127.87
Research & Development	113.08	114.13	116.54	68.65	37.35	26.09
Operating Expenses	661.36	643.74	568.49	389.33	239.97	153.97
Operating Income	49.82	36.08	-40.27	-47.59	-39.85	-56.21
Interest Expense	-0.02	-0.02	-	-1.68	-2.13	-2.12
Interest & Investment Income	22.39	23.25	20.56	5.05	0.13	1.09
Currency Exchange Gain (Loss)	-0.2	-0.9	-0.2	-0.1	-	-
Other Non Operating Income (Expenses)	-0.02	0.05	0.01	0.05	-0.12	0.15
Pretax Income	71.97	58.45	-19.91	-44.27	-41.97	-57.09
Income Tax Expense	5.46	4.94	1.25	0.61	0.07	0.12
Earnings From Continuing Operations	-	53.51	-21.15	-44.88	-42.04	-57.2
Net Income	66.51	53.51	-21.15	-44.88	-42.04	-57.2
Net Income to Common	66.51	53.51	-21.15	-44.88	-42.04	-57.2
Shares Outstanding (Basic)	30	30	29	28	27	26
Shares Outstanding (Diluted)	31	31	29	28	27	26
Shares Change (YoY)	4.36%	4.24%	4.38%	2.97%	4.56%	9.53%
EPS (Basic)	2.23	1.80	-0.72	-1.60	-1.54	-2.19
EPS (Diluted)	2.17	1.75	-0.72	-1.60	-1.54	-2.19
Free Cash Flow	78.85	91.12	1.02	2.47	-24.79	-55.5
Free Cash Flow Per Share	2.57	2.98	0.04	0.09	-0.91	-2.13
Gross Margin	84.65%	84.68%	84.54%	83.79%	85.74%	84.73%
Operating Margin	5.93%	4.50%	-6.44%	-11.67%	-17.07%	-48.72%
Profit Margin	7.92%	6.67%	-3.39%	-11.00%	-18.01%	-49.58%
Free Cash Flow Margin	9.39%	11.35%	0.16%	0.61%	-10.62%	-48.10%
EBITDA	58.57	42.63	-37.43	-45.73	-38.63	-55.37
EBITDA Margin	6.97%	5.31%	-5.99%	-11.21%	-16.55%	-47.99%
D&A For EBITDA	8.76	6.55	2.85	1.86	1.22	0.84
EBIT	49.82	36.08	-40.27	-47.59	-39.85	-56.21
EBIT Margin	5.93%	4.50%	-6.44%	-11.67%	-17.07%	-48.72%
Effective Tax Rate	7.59%	8.46%	-	-	-	-
Advertising Expenses	-	94.9	100.3	74.3	47.8	26.4

Updated May 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q