Inspire Medical Systems, Inc. (INSP) Stock Analysis

Company Overview

Inspire Medical Systems, Inc. (INSP) carries a market capitalisation of $1.82B. The company sits in the Healthcare sector, in the Medical Devices industry. The company reports 1,333 employees.

Over the past 52 weeks the price has ranged from $38.91 to $147.03. INSP last closed at $63.08 on September 4, 2026. That is +$0.94 (+1.51%) against the previous close. The latest close sits 62.12% above that 52-week low.

Financial Health

In fiscal 2025, Inspire Medical Systems, Inc. reported revenue of $911.98M. Against the prior fiscal year total of $802.80M, that is a change of +13.60%. The same year closed with net income of $145.42M. That is +171.77% against the prior fiscal year. The reported profit margin is 15.03%. That is 16.7 percentage points above the Medical Devices median of −1.69%. Trailing earnings per share are 4.6.

Across the 4 fiscal years on file, revenue moves from $407.86M in 2022 to $911.98M in 2025. Of those 4 years, 2 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 13.71 times earnings. That is 48.84% below the Medical Devices median of 26.8. The forward P/E on file is 41.04. Measured against sales, the shares trade at 2.03 times revenue. On price-to-sales that is 31.82% below the Medical Devices median of 2.98. 151 Medical Devices companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned −26.92%. Measured over 5 years, that is −23.26% a year compounded. The reported beta is 0.7. Annualized volatility over the trailing 8 years is 60.22%.

Growth & Income

The record shows no dividend for INSP.

The strongest complete calendar year on file is 2020 at +153.46%; the weakest is 2025 at −50.25%. Of the 7 complete calendar years on file, 4 finished higher. So far in 2026 the price is −31.61%.