Company: INSP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001609550-25-000053
Chunk: 14

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-11-03
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)

September 30, 2025December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$112,845 $150,150 Investments, short-term209,747 295,396 Accounts receivable, net of allowance for credit losses of     $1,098 and $880, respectively107,989 93,068 Inventories, net141,777 80,118 Prepaid expenses and other current assets14,131 12,074 Total current assets586,489 630,806 Investments, long-term88,353 70,995 Property and equipment, net91,506 71,925 Operating lease right-of-use assets24,070 23,314 Other non-current assets17,298 11,343 Total assets$807,716 $808,383 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$59,240 $38,687 Accrued expenses51,603 49,814 Total current liabilities110,843 88,501 Operating lease liabilities, non-current portion30,302 30,039 Other non-current liabilities111 148 Total liabilities141,256 118,688 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; 29,053,367 and 29,740,176 issued and outstanding at September 30, 2025 and December 31, 2024, respectively29 30 Additional paid-in capital948,374 981,043 Accumulated other comprehensive income639 536 Accumulated deficit(282,582)(291,914)Total stockholders' equity666,460 689,695 Total liabilities and stockholders' equity$807,716 $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 (unaudited)

(in thousands, except share and per share amounts)

Three Months EndedSeptember 30