Inspire Medical Systems (INSP) Research & Development (2017 - 2026)
Inspire Medical Systems (INSP) reported Research & Development of $22.18 million for Q3 2026, down 8.4% from $24.21 million a year earlier and down 10.2% from the prior quarter.
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Analysis
Inspire Medical Systems (INSP) Research & Development (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Inspire Medical Systems' Research & Development came in at $97.64 million, down 10.1% 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%).
- The Q3 2026 figure ranks as the lowest quarterly Research & Development since Q4 2022.
- Year over year, Research & Development has now declined in each of the last ten quarters, with an average decline of 7.7% 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 Q3 2026 came in at $24.7 million (Q2 2026), $25.83 million (Q1 2026) and $24.94 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Inspire Medical Systems | 1.83 Bn | 589.02 Mn | 177.86 Mn | 22.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.18 Mn |
| 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 |
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();