Company: INSP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001609550-25-000020
Chunk: 14

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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Item 1.    Consolidated Financial Statements.

Inspire Medical Systems, Inc.

Consolidated Balance Sheets

(in thousands, except share and per share amounts)

March 31, 2025December 31, 2024(unaudited)AssetsCurrent assets:Cash and cash equivalents$53,882 $150,150 Investments, short-term315,307 295,396 Accounts receivable, net of allowance for credit losses of     $1,191 and $880, respectively92,628 93,068 Inventories, net99,727 80,118 Prepaid expenses and other current assets10,135 12,074 Total current assets571,679 630,806 Investments, long-term44,831 70,995 Property and equipment, net77,175 71,925 Operating lease right-of-use assets24,972 23,314 Other non-current assets12,152 11,343 Total assets$730,809 $808,383 Liabilities and stockholders' equityCurrent liabilities:Accounts payable$29,137 $38,687 Accrued expenses34,333 49,814 Total current liabilities63,470 88,501 Operating lease liabilities, non-current portion31,488 30,039 Other non-current liabilities108 148 Total liabilities95,066 118,688 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; 29,467,300 and 29,740,176 issued and outstanding at March 31, 2025 and December 31, 2024, respectively29 30 Additional paid-in capital924,409 981,043 Accumulated other comprehensive income227 536 Accumulated deficit(288,922)(291,914)Total stockholders' equity635,743 689,695 Total liabilities and stockholders' equity$730,809 $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)