INSP Stock - Inspire Medical Systems, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $802.80M | $624.80M | $407.86M | $233.39M | $115.38M |
| Gross Profit | $679.82M | $528.22M | $341.74M | $200.12M | $97.76M |
| Gross Margin | 84.7% | 84.5% | 83.8% | 85.7% | 84.7% |
| Operating Income | $36.08M | $-40,271,000 | $-47,592,000 | $-39,850,000 | $-56,208,000 |
| Net Income | $53.51M | $-21,153,000 | $-44,881,000 | $-42,042,000 | $-57,203,000 |
| Net Margin | 6.7% | -3.4% | -11.0% | -18.0% | -49.6% |
| EPS | $1.80 | $-0.72 | $-1.60 | $-1.54 | $-2.19 |
Inspire Medical Systems, Inc., a medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally. The company offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe OSA. It also develops a novel, a closed-loop solution that continuously monitors a patient's breathing and delivers mild hypoglossal nerve stimulation to maintain an open airway. The company was incorporated in 2007 and is headquartered in Golden Valley, Minnesota.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 8th 2025 | Oppenheimer | Upgrade | Outperform | $175 |
| December 2nd 2025 | Morgan Stanley | Downgrade | Equal Weight | $130 |
| November 26th 2025 | Truist | Upgrade | Buy | $165 |
| November 25th 2025 | Wolfe Research | Upgrade | Outperform | $180 |
| November 24th 2025 | Stifel | Upgrade | Buy | - |
| November 4th 2025 | Wells Fargo | Upgrade | Overweight | $90 |
| October 24th 2025 | Jefferies | Downgrade | Hold | $85 |
| September 22nd 2025 | UBS | Downgrade | Neutral | $89 |
| September 2nd 2025 | Evercore ISI | Initiation | Outperform | $150 |
| August 5th 2025 | Truist | Downgrade | Hold | $125 |
| August 5th 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| August 5th 2025 | JP Morgan | Downgrade | Neutral | $110 |
| November 20th 2024 | BofA Securities | Upgrade | Buy | $255← $220 |
| May 8th 2024 | BofA Securities | Downgrade | Neutral | $225← $265 |
| April 19th 2024 | RBC Capital Mkts | Initiation | Outperform | $285 |
Earnings History & Surprises
INSPEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 9, 2026 | $0.70 | — | — | — |
Q4 2025 | Nov 3, 2025 | $-0.15 | $0.38 | +353.3% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.22 | $0.45 | +104.5% | ✓ BEAT |
Q2 2025 | May 5, 2025 | $-0.23 | $0.10 | +143.5% | ✓ BEAT |
Q1 2025 | Feb 10, 2025 | $0.74 | $1.15 | +55.4% | ✓ BEAT |
Q4 2024 | Nov 4, 2024 | $0.08 | $0.60 | +650.0% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $-0.14 | $0.32 | +328.6% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $-0.63 | $-0.34 | +46.0% | ✓ BEAT |
Q1 2024 | Feb 6, 2024 | $-0.09 | $0.49 | +644.4% | ✓ BEAT |
Q4 2023 | Nov 7, 2023 | $-0.53 | $-0.29 | +45.3% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $-0.51 | $-0.41 | +19.6% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $-0.70 | $-0.53 | +24.3% | ✓ BEAT |
Q1 2023 | Feb 7, 2023 | $-0.57 | $0.10 | +117.5% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $-0.75 | $-0.60 | +20.0% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $-0.59 | $-0.53 | +10.2% | ✓ BEAT |
Q2 2022 | May 3, 2022 | $-0.78 | $-0.61 | +21.8% | ✓ BEAT |
Q1 2022 | Feb 8, 2022 | $-0.47 | $-0.09 | +80.9% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $-0.61 | $-0.38 | +37.7% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $-0.61 | $-0.48 | +21.3% | ✓ BEAT |
Latest News
Inspire Medical slides after Medicare reimbursement policy change
📉 NegativeRBC Capital Maintains Outperform on Inspire Medical Systems, Raises Price Target to $175
📈 PositiveMizuho Maintains Outperform on Inspire Medical Systems, Raises Price Target to $130
📈 PositiveJP Morgan Maintains Neutral on Inspire Medical Systems, Raises Price Target to $118
➖ NeutralPiper Sandler Maintains Overweight on Inspire Medical Systems, Raises Price Target to $165
📈 PositiveOppenheimer Upgrades Inspire Medical Systems to Outperform, Announces $175 Price Target
📈 PositiveBaird Maintains Outperform on Inspire Medical Systems, Raises Price Target to $180
📈 PositiveMorgan Stanley Downgrades Inspire Medical Systems to Equal-Weight, Raises Price Target to $130
➖ NeutralTruist Securities Upgrades Inspire Medical Systems to Buy, Raises Price Target to $165
📈 PositiveInspire Medical Systems shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and set a $180 price target.
📈 PositiveWolfe Research Upgrades Inspire Medical Systems to Outperform, Announces $180 Price Target
📈 PositiveShares of Inspire Medical Systems are trading higher after Stifel upgraded the stock from Hold to Buy and raised the price target from $100 to $110.
📈 PositiveStifel Upgrades Inspire Medical Systems to Buy, Raises Price Target to $110
📈 PositiveInspire jumps on major change to Medicare reimbursement
📈 PositivePiper Sandler Reiterates Overweight on Inspire Medical Systems, Lowers Price Target to $135
➖ NeutralRBC Capital Maintains Outperform on Inspire Medical Systems, Lowers Price Target to $125
📈 PositiveTruist Securities Reiterates Hold on Inspire Medical Systems, Lowers Price Target to $84
➖ NeutralJP Morgan Maintains Neutral on Inspire Medical Systems, Lowers Price Target to $82
📉 NegativeInspire Medical Systems shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 GAAP EPS results above estimates.
📈 PositiveWells Fargo Upgrades Inspire Medical Systems to Overweight, Lowers Price Target to $90
➖ NeutralFrequently Asked Questions about INSP
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