Inogen Inc(INGN)Stock Analysis
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Rank #2,144 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
INGN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Inogen Inc (INGN), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores INGN at 35.5/100 on a 32-signal composite quality model, placing it at rank #2,144 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (19.7) and free cash flow (22.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 38.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Inogen Inc reports quarterly revenue of $85.1M, net income of $-8.3M, an operating margin of -11.0%. Top institutional holders of INGN by reported 13-F value include BlackRock,, ARMISTICE CAPITAL,, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. INGN trades on the Nasdaq exchange and files with the SEC under CIK 1294133. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate INGN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Inogen Inc directly from SEC EDGAR. Inogen Inc's 13F Pro composite quality score has ranged between 8 and 55 since 2021, currently 35.5 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$85.1M
Net Income
Q1 2026
$-8.3M
Free Cash Flow
Q1 2026
$-6.9M
Operating Margin
Q1 2026
-11.0%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+3.9% YoYNet Income
-36.6% YoYOperating Income
+29.0% YoYEPS (Diluted)
+43.4% YoYTotal Assets
+0.8% YoYOp. Cash Flow
-289.7% YoY| Metric | FY 2025 | FY 2024 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $348.7M +3.9% | $335.7M -6.2% | $358.0M +16.1% | $308.5M -14.8% | $361.9M +1.1% | $358.1M |
| Net Income | $22.7M -36.6% | $35.9M +466.7% | $6.3M +208.6% | $-5.8M -127.8% | $20.9M -59.6% | $51.8M |
| Operating Income | $-30.2M +29.0% | $-42.5M -560.1% | $9.2M +176.8% | $-12.0M -160.8% | $19.8M -47.8% | $37.9M |
| EPS (Diluted) | $-0.86 +43.4% | $-1.52 -442.9% | $-0.28 -3.7% | $-0.27 -128.7% | $0.94 -59.1% | $2.30 |
| Total Assets | $298.6M +0.8% | $296.2M -39.5% | $489.5M +6.0% | $461.9M +3.2% | $447.3M +19.0% | $375.9M |
| Operating Cash Flow | $-11.2M -289.7% | $5.9M -75.0% | $23.6M -36.1% | $37.0M -8.8% | $40.6M -32.3% | $60.0M |
AI Insight: INGN Financial Trends
Inogen remains persistently unprofitable across eight consecutive quarters with no clear path to operating breakeven.
• Revenue has been range-bound between $80M and $92M since Q2 2024, showing no meaningful growth trajectory.
• Operating losses have persisted every quarter, ranging from -$6M to -$11M, with Q1 2026 at -$9M.
• Equity has declined from $199M in Q2 2025 to $183M in Q1 2026, eroded by ongoing net losses.
⚠ Operating cash flow turned negative in Q4 2024 (-$3M), Q1 2025 (-$17M), Q4 2025 (-$1M), and Q1 2026 (-$7M) — a recurring cash burn pattern.
⚠ Equity has dropped $16M in two quarters from its $199M peak; continued losses could pressure the balance sheet further.
AI Insight: INGN Ratio Trends
Inogen remains deeply unprofitable across all metrics, with Q1 2026 ROE deteriorating to -18.2% — the worst since Q4 2024's seasonal trough.
• Operating margin worsened to -11.0% in Q1 2026 from -6.6% in Q2 2025, reversing the mid-year improvement.
• ROIC deteriorated to -20.4% in Q1 2026, the weakest reading outside Q4 2024's -26.2% seasonal low.
• Q2 2025 offered a brief bright spot — operating margin narrowed to -6.6% and ROIC improved to -12.3% — but gains faded immediately.
⚠ Q4 seasonality has now twice driven severe margin deterioration (-14.2% in Q4 2024, -11.4% in Q4 2025); monitor Q4 2026 closely.
⚠ NPM deepened to -9.8% in Q1 2026 vs. -7.5% in Q1 2025 — year-over-year deterioration signals no structural improvement yet.
⚠ D/E data is entirely absent; debt structure and liquidity runway cannot be assessed from available data.
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Available Research
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Top Institutional Holders of INGN
BlackRock, Inc.
$10.2M1,647,084 shARMISTICE CAPITAL, LLC
$7.4M1,200,000 shVANGUARD CAPITAL MANAGEMENT LLC
$6.4M1,036,705 shEverSource Wealth Advisors, LLC
$5.8M46,742 shAMERIPRISE FINANCIAL INC
$5.3M859,543 shDAFNA Capital Management LLC
$5.2M845,179 shPoint72 Asset Management, L.P.
$4.0M642,366 shGEODE CAPITAL MANAGEMENT, LLC
$3.8M613,529 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$3.6M586,159 shGOLDMAN SACHS GROUP INC
$3.6M580,100 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $10.2M | 1,647,084 |
| ARMISTICE CAPITAL, LLC | $7.4M | 1,200,000 |
| VANGUARD CAPITAL MANAGEMENT LLC | $6.4M | 1,036,705 |
| EverSource Wealth Advisors, LLC | $5.8M | 46,742 |
| AMERIPRISE FINANCIAL INC | $5.3M | 859,543 |
| DAFNA Capital Management LLC | $5.2M | 845,179 |
| Point72 Asset Management, L.P. | $4.0M | 642,366 |
| GEODE CAPITAL MANAGEMENT, LLC | $3.8M | 613,529 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3.6M | 586,159 |
| GOLDMAN SACHS GROUP INC | $3.6M | 580,100 |
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Popular Research
Is INGN a good stock to buy?
13F Pro's AI-powered analysis of Inogen Inc (INGN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for INGN are available on the INGN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own INGN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling INGN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Inogen Inc's investment landscape.