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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›INSP

INSP

Inspire Medical Systems, Inc.

Next earnings Aug 3, 2026 (after close) · consensus $-0.07 EPS, $202M rev

Last earnings -3.3% on 2026-05-04

Hold
$45.72
▲ +5.22%
$45.72▼ -64.83%
over 1Y
L $40.05EODHDH $143.99
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.2%
1W+10.6%
1M+8.3%
3M-8.8%
YTD-50.4%
1Y-64.8%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
A
Valuation
Undervalued
Filings
Watch
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 24 analysts
Hold

Revenue grew 13.6% YoY.

Revenue (FY2025) $912M · FY2025

The read

Middling fundamentals offset by an attractive price (~306% below fair value) — worth a look on the value angle.

Inspire Medical Systems, Inc. shows $912M in FY2025 revenue (+13.6% YoY), a 15.9% net margin, and 18.6% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$233M$408M$625M$803M$912M
Gross profit$200M$342M$528M$680M$779M
Operating income-$39.9M-$47.6M-$40.3M$36.1M$51.0M
Net income-$42.0M-$44.9M-$21.2M$53.5M$145M
Diluted EPS-$1.54-$1.60-$0.72$1.75$4.89
Net margin-18.0%-11.0%-3.4%6.7%15.9%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$1.23B
EV / EBITDA18.9
EV / Sales1.3
EV / FCF15.6
P / FCF16.7
PEG (trailing)0.05
Earnings yield11.1%
FCF yield6.0%

Quality & risk

ROIC (est.)5.0%
Free cash flow$78.5M
Total debt$24.5M
Net cash$80.3M
Altman Z-Score7.83 safe
Piotroski F-Score7/9

Capital returns

Buyback yield13.4%
Dividend yield (est.)—
Shareholder yield13.4%
Shares Δ YoY-3.6%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Reg FD disclosure2026-06-26
  2. 8-K Officer / director change2026-05-05
  3. 8-K Earnings results2026-05-04
  4. 10-Q Quarterly report2026-05-04
  5. DEF 14A Proxy statement2026-03-20
  6. 10-K Annual report2026-02-13
  7. 8-K Earnings results2026-02-11
  8. 8-K Officer / director change2026-01-12
  9. 8-K Other event2025-11-17

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-262026-06-26open ↗SDFiling2026-06-01open ↗SCHEDULE 13GFiling2026-05-27open ↗4Period ending 2026-05-152026-05-19open ↗144Filing2026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗SCHEDULE 13G/AFiling2026-05-15open ↗SCHEDULE 13G/AFiling2026-05-14open ↗144Filing2026-05-14open ↗4Period ending 2026-05-082026-05-11open ↗144Filing2026-05-08open ↗S-8Filing2026-05-07open ↗

Quality score

A
ValueGrowthProfitHealthMom.
ValueA
GrowthA
ProfitabilityB
Financial healthA
Momentum—
  • ✓Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✓Net margin above 10%
  • ✓Return on equity above 15%
  • ✓Liabilities below 2× equity
  • ✓P/E below 25

Fair value est.

$185.82

Undervalued +306% vs price

cheapfair valueexpensive

Modified Graham: EPS $4.89 × (8.5 + 1.5 × 22.0% growth) × 1.10 quality = 38.0× multiple. An estimate, not a price target.

Revenue
$912M
+13.6% YoY
Net margin
15.9%
ROE
18.6%
P/E
9.3

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$912M+13.6%
Net income$145M+171.8%
Gross profit$779M+14.6%
Operating income$51.0M+41.2%
Diluted EPS$4.89+179.4%
Cash & equivalents$105M-30.2%
Total assets$907M+12.2%
Total liabilities$126M+6.3%
Stockholders' equity$781M+13.3%
Gross: 85.4%Op.: 5.6%L/E: 0.16x

Frequently asked

Is Inspire Medical Systems, Inc. (INSP) a buy?
INSP currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Revenue grew 13.6% YoY.
What is INSP's fair value?
A Modified-Graham model based on INSP's SEC fundamentals estimates a fair value of about $185.82. It is an estimate from reported earnings, not a price target.
Is INSP overvalued or undervalued?
Against a Modified-Graham fair-value estimate, INSP currently appears undervalued relative to its SEC-grounded earnings power.
What is Inspire Medical Systems, Inc.'s quality score?
INSP scores 83.27450980392156/100 (grade A) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001609550, latest 10-Q filed 2026-05-04) · EODHD · as of 6/26/2026, 6:18:05 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 3 sales

2026-05-15
Rondoni John
See Remarks
Sell2.64K @ $43.28$114K
2026-05-14
Rondoni John
See Remarks
Sell700.00 @ $43.01$30.1K
2026-05-08
mcCormick Shawn
Director
Sell696.00 @ $45.31$31.5K
2026-04-30
Ellis Gary Lee
Director
Award3.56K
2026-04-30
Mead Dana G Jr.
Director
Award3.56K
2026-04-30
Tansey Casey M
Director
Award3.56K
2026-04-30
Curet Myriam
Director
Award3.56K
2026-04-30
Burks Cynthia
Director
Award3.56K

Earnings history

beat/miss · move
2026-05-04Miss -37.6% est▼ -3.28%8-K ↗
2026-02-11Beat +81.3% est▲ +0.10%8-K ↗
2026-01-12Beat +81.3% est▼ -1.47%8-K ↗
2025-11-03Beat +271.7% est▲ +2.26%8-K ↗
2025-08-04Beat +114.5% est▲ +3.05%8-K ↗
2025-05-05—▼ -0.67%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Congressional trades

all activity →

Disclosed under the STOCK Act

2023-05-19Daniel GoldmanSell$1.00K–$15.0KPTR ↗

Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.

Recent news

market news →
1 Healthcare Stock with Impressive Fundamentals and 2 We Turn DownBullish
finance.yahoo.com· 2026-06-23
INSP Highlights New OSA Data and PREDICTOR Study at SLEEP 2026Bullish
finance.yahoo.com· 2026-06-22
Inspire Medical Systems, Inc. Announces Presence at SLEEP 2026 and Publication of PREDICTOR StudyBullish
finance.yahoo.com· 2026-06-16
Inspire Medical Systems, Inc. to Participate in the Wells Fargo 2026 MedTech Innovation SpotlightBullish
finance.yahoo.com· 2026-06-12
Spotting Winners: Enovis (NYSE:ENOV) And Medical Devices & Supplies - Specialty Stocks In Q1Bullish
finance.yahoo.com· 2026-06-11
Alphatec vs. Inspire Medical Systems: Which Healthcare Stock Is a Better Buy in 2026?Bullish
finance.yahoo.com· 2026-06-11

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score83 vs 67
Revenue growth13.6% vs 7.1%
Net margin15.9% vs 10.5%
Return on equity18.6% vs 12.3%
P/E9.3 vs 25.5

News sentiment

EODHD · 22d
Bullish
+0.18
vs typical · 45 articles

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.