Company: INSP
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001609550-25-000053
Chunk: 43

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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9. Income Per Share

Basic net income per share is computed by dividing the net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing the net income by the weighted average number of shares of common stock and dilutive potential shares of common stock outstanding during the period. The components of net income per share are as follows:

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Table of ContentsINSPIRE MEDICAL SYSTEMS, INC. NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) (Table amounts in thousands, except share and per share amounts)

Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Numerator:Net income$9,932 $18,497 $9,332 $18,285 Denominator:Weighted average number of common shares outstanding — basic29,332,376 29,879,621 29,512,495 29,741,720 Dilutive effect of stock options248,368 536,641 349,384 624,931 Dilutive effect of restricted stock units8,067 61,608 69,071 66,600 Dilutive effect of performance stock units11,412 141,734 3,804 128,416 Dilutive effect of shares issuable under the ESPP— 14,185 3,492 4,728 Weighted average number of common shares outstanding — diluted29,600,223 30,633,789 29,938,246 30,566,395 Net income per share:Basic$0.34 $0.62 $0.32 $0.61 Diluted$0.34 $0.60 $0.31 $0.60 The following common stock-based awards were excluded from the computation of diluted net income per common share for the periods presented because including them would have been antidilutive:Three Months EndedNine Months EndedSeptember 30,September 30,2025202420252024Stock options1,417,098 1,465,714 1,433,667 1,519,841 Restricted stock units954,933 313,776 515,639 50,582 Shares issuable under the ESPP12,610 — 4,203 — Total2,384,641