Inspire Medical Systems (INSP) Operating Expenses (2017 - 2026)
Inspire Medical Systems (INSP) reported Operating Expenses of $171.97 million for Q2 2026, down 7.4% from $185.73 million a year earlier and down 3.4% from the prior quarter.
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Analysis
Inspire Medical Systems (INSP) Operating Expenses (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Inspire Medical Systems' Operating Expenses came in at $719.98 million, up 4.9% year-over-year; for FY2025, it came in at $727.8 million, up 13.1% from FY2024.
- Operating Expenses has increased for nine consecutive years, with a five-year compound annual growth rate of 36.4% (FY2020 to FY2025).
- By year, Operating Expenses came in at $643.74 million in FY2024 (+13.2%), $568.49 million in FY2023 (+46.0%), $389.33 million in FY2022 (+62.2%) and $239.97 million in FY2021 (+55.9%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q4 2024.
- Year over year, Operating Expenses gained in seven of the last eight quarters, with growth averaging 8.7%.
- The high point for year-over-year Operating Expenses in five years was Q3 2022 (growth of 69.6%); the low point was Q2 2026 (a decline of 7.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $178.03 million (Q1 2026), $186.9 million (Q4 2025) and $183.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 840.10 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 4.32 Bn |
| 10 | Inspire Medical Systems | 2.12 Bn | 881.50 Mn | 171.46 Mn | 171.97 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Inspire Medical Systems Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=INSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "INSP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=INSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();