Company: INSP
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001609550-25-000032
Chunk: 14

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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Item 1.    Financial Statements.

Inspire Medical Systems, Inc.

Consolidated Balance Sheets

(in thousands, except share and per share amounts)

June 30, 2025December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$106,927 $150,150 Investments, short-term193,968 295,396 Accounts receivable, net of allowance for credit losses of     $1,229 and $880, respectively137,687 93,068 Inventories, net121,633 80,118 Prepaid expenses and other current assets12,974 12,074 Total current assets573,189 630,806 Investments, long-term109,830 70,995 Property and equipment, net85,274 71,925 Operating lease right-of-use assets24,524 23,314 Other non-current assets9,376 11,343 Total assets$802,193 $808,383 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$53,162 $38,687 Accrued expenses40,197 49,814 Total current liabilities93,359 88,501 Operating lease liabilities, non-current portion30,909 30,039 Other non-current liabilities111 148 Total liabilities124,379 118,688 Stockholders' equity:Preferred Stock, $0.001 par value, 10,000,000 shares authorized; no shares     issued and outstanding— — Common Stock, $0.001 par value per share; 200,000,000 shares authorized; 29,569,477 and 29,740,176 issued and outstanding at June 30, 2025 and December 31, 2024, respectively29 30 Additional paid-in capital969,903 981,043 Accumulated other comprehensive income396 536 Accumulated deficit(292,514)(291,914)Total stockholders' equity677,814 689,695 Total liabilities and stockholders' equity$802,193 $808,383 

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

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Table of Contents

Inspire Medical Systems, Inc.

Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited)

(in thousands, except share and per share amounts)

Three Months Ended