Inspire Medical Systems, Inc.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $97.3m $22.9m $190.5m $214.5m $441.6m $185.5m $150.2m $104.8m
Accounts receivable, net of allowance for credit losses of $1,080 and $880, respectively $6.7m $13.1m $25.1m $34.2m $61.2m $89.9m $93.1m $119.7m
Inventories, net $2.7m $5.8m $8.5m $17.2m $11.9m $33.9m $80.1m $145.3m
Prepaid expenses and other current assets $1.7m $2.2m $2.0m $2.7m $5.5m $9.6m $12.1m $10.4m
Total current assets $199.3m $170.6m $269.9m $268.5m $530.0m $593.7m $630.8m $583.7m
Property and equipment, net $802k $3.0m $5.3m $8.5m $17.2m $40.0m $71.9m $97.9m
Operating lease right-of-use assets $0 $915k $5.8m $7.9m $6.9m $22.7m $23.3m $23.5m
Investments, short-term $90.9m $126.6m $43.8m $0 $9.8m $274.8m $295.4m $203.5m
Investments, long-term $0 $6.3m $0 $9.9m $0 $9.1m $71.0m $96.3m
Deferred tax assets $13k $88.7m
Other non-current assets $0 $381k $204k $204k $10.7m $11.3m $11.3m $17.3m
Operating lease liabilities, non-current portion $0 $5.9m $8.8m $7.5m $24.8m $30.0m $30.0m
Other non-current liabilities $0 $40k $85k $134k $146k $1.3m $148k $104k
Total assets $200.1m $181.3m $281.2m $295.1m $564.9m $676.8m $808.4m $907.3m
Total liabilities and stockholders' equity $200.1m $181.3m $281.2m $295.1m $564.9m $676.8m $808.4m $907.3m
Accounts payable $3.4m $4.5m $7.2m $11.7m $26.8m $38.8m $38.7m $36.6m
Accrued expenses $7.7m $12.4m $13.5m $20.5m $34.3m $39.3m $49.8m $59.5m
Total current liabilities $11.2m $16.9m $20.7m $41.3m $61.2m $78.1m $88.5m $96.1m
Total liabilities $36.1m $41.4m $51.4m $66.0m $68.9m $104.3m $118.7m $126.2m
Preferred Stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding 0 0 0 0 0 0 0
Common Stock, $0.001 par value, 200,000,000 shares authorized; 28,579,015 and 29,740,176 shares issued and outstanding at December 31, 2025 and 2024, respectively 23k 24k 27k 27k 29k 30k 30k 29k
Additional paid-in capital $310.9m $319.9m $467.0m $508.5m $820.3m $917.1m $981.0m $927.2m
Accumulated other comprehensive income ($52k) $102k $29k ($55k) ($86k) $800k $536k $464k
Accumulated deficit ($146.9m) ($180.2m) ($237.3m) ($279.4m) ($324.3m) ($345.4m) ($291.9m) ($146.5m)
Total stockholders' equity $164.0m $139.8m $229.7m $229.0m $496.0m $572.5m $689.7m $781.2m