Company: INSP
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001609550-25-000020
Chunk: 81

Company: Inspire Medical Systems, Inc.
Filing Date: 2025-05-05
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 development expense27,803 28,850 Selling, general and administrative expense (excluding advertising expense)123,349 100,018 Advertising expense20,941 25,603 Operating loss(1,485)(15,218)Other income (b)(5,644)(5,863)Income taxes1,167 650 Segment net income (loss)2,992 (10,005)Reconciliation of profit or lossAdjustments and reconciling items— — Consolidated net income (loss)$2,992 $(10,005)(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 three-month periods ended March 31, 2025 and 2024, depreciation and amortization expense was $3.0 million and $0.8 million, respectively, and is included within the segment expense captions of cost of goods sold, research and development expense, and selling, general and administrative ("SG&A") expense. 

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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)

For the three-month periods ended March 31, 2025 and 2024, stock-based compensation expense was $31.1 million and $26.3 million, respectively, and is included within the segment expense captions of cost of goods sold, research and development expense, and SG&A expense. Revenue by geographic region is as follows: Three Months EndedMarch 31,20252024United States$193,606 $155,771 All other countries7,711 8,239 Total revenue$201,317 $164,010 Long-lived tangible assets by geographic location were as follows:March 31, 2025December 31, 2024United States$76,288 $71,008 All other countries887 917 Total long-lived tangible assets$77,175 $71,925 

9. Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding during