Company: INSP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001609550-25-000032
Chunk: 18

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 net loss:  Depreciation and amortization6,458 2,222 Accretion of investment discount(2,118)(4,907)Stock-based compensation expense72,780 58,644 Provision (benefit) for estimated credit losses350 (1,133)Impairment of strategic investment4,046 — Other non-cash expenses1,033 663 Changes in operating assets and liabilities:  Accounts receivable(44,321)11,247 Inventories(41,515)(25,139)Prepaid expenses and other current assets(639)(18,917)Accounts payable11,816 (5,004)Accrued expenses and other liabilities(11,309)(8,682)Net cash (used in) provided by operating activities(4,019)8,782 Investing activities  Purchases of property and equipment(17,404)(24,089)Purchases of investments(108,720)(112,035)Proceeds from sales or maturities of investments173,651 122,209 Purchases of strategic investment(2,518)— Net cash provided by (used in) investing activities45,009 (13,915)Financing activities  Proceeds from the exercise of stock options8,615 9,134 Share repurchase of common stock(75,009)— Payment of taxes on net share settlement of equity awards(20,924)(4,710)Proceeds from issuance of common stock from employee stock purchase plan3,255 3,431 Net cash (used in) provided by financing activities(84,063)7,855 Effect of exchange rate on cash(150)(224)(Decrease) increase in cash and cash equivalents(43,223)2,498 Cash and cash equivalents at beginning of period150,150 185,537 Cash and cash equivalents at end of period$106,927 $188,035 Supplemental cash flow information  Cash paid for interest$4 $— Property and equipment included in accounts payable and accrued expenses$5,789 $3,868 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

9

Table of ContentsInspire Medical Systems, Inc.Notes to Consolidated Financial Statements (Unaudited) (Table amounts in thousands, except share and per share amounts)

1. Organization

Description of Business