Inspire Medical Systems (INSP) Research & Development (2017 - 2026)
Inspire Medical Systems (INSP) reported Research & Development of $24.7 million for Q2 2026, down 5.8% from $26.21 million a year earlier and down 4.4% from the prior quarter.
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Analysis
Inspire Medical Systems (INSP) Research & Development (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Inspire Medical Systems' Research & Development came in at $99.68 million, down 9.7% year-over-year; for FY2025, it came in at $103.17 million, down 9.6% from FY2024.
- Research & Development has a five-year compound annual growth rate of 31.6% (FY2020 to FY2025).
- By year, Research & Development came in at $114.13 million in FY2024 (-2.1%), $116.54 million in FY2023 (+69.8%), $68.65 million in FY2022 (+83.8%) and $37.35 million in FY2021 (+43.1%).
- Five-year quarterly Research & Development spans a low of $9.61 million in Q3 2021 and a high of $31.05 million in Q4 2023.
- Year over year, Research & Development has now declined in each of the last nine quarters, with an average decline of 7.9% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q3 2022 (growth of 118.4%); the low point was Q4 2025 (a decline of 17.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $25.83 million (Q1 2026), $24.94 million (Q4 2025) and $24.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Inspire Medical Systems | 2.12 Bn | 881.50 Mn | 171.46 Mn | 24.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.70 Mn |
| Mar 31, 2026 | 25.83 Mn |
| Dec 31, 2025 | 24.94 Mn |
| Sep 30, 2025 | 24.21 Mn |
| Jun 30, 2025 | 26.21 Mn |
| Mar 31, 2025 | 27.80 Mn |
| Dec 31, 2024 | 30.34 Mn |
| Sep 30, 2024 | 26.08 Mn |
| Jun 30, 2024 | 28.86 Mn |
| Mar 31, 2024 | 28.85 Mn |
| Dec 31, 2023 | 31.05 Mn |
| Sep 30, 2023 | 29.14 Mn |
| Jun 30, 2023 | 30.82 Mn |
| Mar 31, 2023 | 25.52 Mn |
| Dec 31, 2022 | 21.25 Mn |
| Sep 30, 2022 | 20.99 Mn |
| Jun 30, 2022 | 14.53 Mn |
| Mar 31, 2022 | 11.87 Mn |
| Dec 31, 2021 | 10.29 Mn |
| Sep 30, 2021 | 9.61 Mn |
API Access
Inspire Medical Systems Research & Development 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=research-and-development&ticker=INSP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=INSP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();