Company: INSP
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001609550-25-000011
Chunk: 117

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 8
Chunk 117
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 general and administrative expense (excluding advertising expense)434,669 351,632 246,428 Advertising expense94,938 100,326 74,260 Operating income (loss)36,083 (40,271)(47,592)Other income (b)(22,370)(20,365)(3,324)Income taxes4,944 1,247 613 Segment net income (loss)53,509 (21,153)(44,881)Reconciliation of profit or lossAdjustments and reconciling items— — — Consolidated net income (loss)$53,509 $(21,153)$(44,881)(a) The significant expense categories and amounts align with the segment-level information that is regularly provided to our chief operating decision maker.(b) Other income represents the consolidated amounts for interest and dividend income, interest expense, and other expense, net, as shown on our consolidated statements of operations and comprehensive income (loss). For the years ended December 31, 2024, 2023, and 2022, depreciation and amortization expense was $6.6 million, $2.8 million, and $1.9 million, respectively, and is included within the segment expense captions of cost of goods sold, research and development expense, and selling, general and administrative expense. For the years ended December 31, 2024, 2023, and 2022, stock-based compensation expense was $116.0 million, $82.5 million and $52.0 million, respectively, and is included within the segment expense captions of cost of goods sold, research and development expense, and selling, general and administrative expense. Revenue by geographic region is as follows: Year Ended December 31,202420232022United States$771,040 $606,178 $394,833 All other countries31,764 18,621 13,023 Total revenue$802,804 $624,799 $407,856 Long-lived tangible assets by geographic location were as follows:December 31,20242023United States$71,008 $39,916 All other countries917 68 Total long-lived tangible assets$71,925 $39,984 

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

10.  Income (Loss) Per Share

Basic