Inspire Medical Systems (INSP) Operating Expenses (2017 - 2026)
Inspire Medical Systems (INSP) posted Operating Expenses of $178.0 million for Q1 2026, down 4.74% sequentially from $186.9 million in Q4 2025, and up 3.45% YoY from $172.1 million in Q1 2025.
Inspire Medical Systems (INSP) Operating Expenses (2017 - 2026) Analysis & Trends
Inspire Medical Systems has reported Operating Expenses for 10 years, with the latest figure at $178.0 million in Q1 2026.
- Quarterly Operating Expenses rose 3.45% year-over-year to $178.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $733.7 million (up 10.94% YoY) and the FY2025 annual result came in at $727.8 million, up 13.06% from the prior year.
- Operating Expenses eased to $178.0 million in Q1 2026 per INSP's latest filing, from $186.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $186.9 million in Q4 2025 and troughed at $75.4 million in Q1 2022.
- A 5-year average of $147.5 million and a median of $155.2 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 69.58% in 2022, then increased 3.45% in 2026.
- Over 5 years, Operating Expenses stood at $116.1 million in 2022, then soared by 33.66% to $155.2 million in 2023, then advanced by 10.76% to $171.8 million in 2024, then gained by 8.76% to $186.9 million in 2025, then decreased by 4.74% to $178.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $178.0 million, $186.9 million, and $183.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 198.70 Bn | 193.10 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 125.85 Bn | 122.37 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 118.44 Bn | 109.22 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 72.64 Bn | 72.10 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 51.94 Bn | 47.69 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.48 Bn | 32.53 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 33.60 Bn | 31.49 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.30 Bn | 22.98 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.00 Bn | 22.52 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Inspire Medical Systems | 1.75 Bn | 1.43 Bn | 171.46 Mn | 171.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 171.97 Mn |
| Mar 31, 2026 | 178.03 Mn |
| Dec 31, 2025 | 186.90 Mn |
| Sep 30, 2025 | 183.08 Mn |
| Jun 30, 2025 | 185.73 Mn |
| Mar 31, 2025 | 172.09 Mn |
| Dec 31, 2024 | 171.85 Mn |
| Sep 30, 2024 | 156.48 Mn |
| Jun 30, 2024 | 160.94 Mn |
| Mar 31, 2024 | 154.47 Mn |
| Dec 31, 2023 | 155.16 Mn |
| Sep 30, 2023 | 142.39 Mn |
| Jun 30, 2023 | 143.44 Mn |
| Mar 31, 2023 | 127.51 Mn |
| Dec 31, 2022 | 116.08 Mn |
| Sep 30, 2022 | 106.60 Mn |
| Jun 30, 2022 | 91.22 Mn |
| Mar 31, 2022 | 75.43 Mn |
| Dec 31, 2021 | 69.06 Mn |
| Sep 30, 2021 | 62.86 Mn |