Inspire Medical Systems, Inc.(INSP)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #1,693 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
INSP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Inspire Medical Systems, Inc. (INSP), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores INSP at 46.0/100 on a 32-signal composite quality model, placing it at rank #1,693 of 2,879 stocks — the bottom half of the AI-ranked universe. INSP scores in the top quartile across revenue growth (80.2). Areas of concern include earnings quality (30.0) and profitability (30.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 12.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Inspire Medical Systems, Inc. reports quarterly revenue of $204.6M, net income of $-11.3M, free cash flow of $3.1M. Top institutional holders of INSP by reported 13-F value include BlackRock,, DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C), WELLINGTON MANAGEMENT GROUP LLP, based on the most recent SEC filings. INSP trades on the NYSE exchange and files with the SEC under CIK 1609550. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate INSP 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 Inspire Medical Systems, Inc. directly from SEC EDGAR. Inspire Medical Systems, Inc.'s 13F Pro composite quality score has ranged between 29 and 61 since 2021, currently 46.0 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
Revenue
Q1 2026
$204.6M
Net Income
Q1 2026
$-11.3M
Free Cash Flow
Q1 2026
$3.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+123.6% YoYNet Income
+424.0% YoYOperating Income
+207.1% YoYEPS (Diluted)
+405.6% YoYTotal Assets
+60.6% YoYTotal Debt
Op. Cash Flow
+911.1% YoY| Metric | FY 2025 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $912.0M +123.6% | $407.9M +74.7% | $233.4M +102.3% | $115.4M +40.6% | $82.0M +62.2% | $50.6M |
| Net Income | $145.4M +424.0% | $-44.9M -6.8% | $-42.0M +26.5% | $-57.2M -72.1% | $-33.2M -52.3% | $-21.8M |
| Operating Income | $51.0M +207.1% | $-47.6M -19.4% | $-39.9M +29.1% | $-56.2M -61.1% | $-34.9M -71.2% | $-20.4M |
| EPS (Diluted) | $4.89 +405.6% | $-1.60 -3.9% | $-1.54 +29.7% | $-2.19 -56.4% | $-1.40 | — |
| Total Assets | $907.3M +60.6% | $564.9M +91.4% | $295.1M +4.9% | $281.2M +55.1% | $181.3M -9.4% | $200.1M |
| Total Debt | — | — | $24.5M +0.0% | $24.5M +0.0% | $24.5M +0.0% | $24.5M |
| Operating Cash Flow | $117.0M +911.1% | $11.6M +157.5% | $-20.1M +62.1% | $-53.0M -61.5% | $-32.8M -75.7% | $-18.7M |
AI Insight: INSP Financial Trends
INSP shows strong Q4 seasonality but faces concerning sequential declines in Q1 with negative net income of -$11M.
• Revenue demonstrates clear seasonality with Q4 peaks at $240M (2024) and $269M (2025), but Q1 consistently weak at $201M and $205M.
• Net income swung dramatically from $136M in Q4 2025 to -$11M in Q1 2026, the worst quarterly loss in the dataset.
• Operating income turned negative in Q1 2026 at -$1M after strong Q4 2025 performance of $46M.
⚠ Q1 2026 marks the second time operating income went negative, suggesting potential structural profitability challenges beyond seasonality.
⚠ Operating cash flow volatility remains high, swinging from $52M in Q4 2025 to $13M in Q1 2026.
AI Insight: INSP Ratio Trends
INSP exhibits extreme quarterly volatility with operating margins swinging from 17.1% in Q4 2025 to -0.5% in Q1 2026.
• Operating margin collapsed from 17.1% in Q4 2025 to -0.5% in Q1 2026, showing severe seasonal pattern.
• Net profit margin plunged from 50.6% in Q4 2025 to -5.5% in Q1 2026, indicating dramatic quarterly swings.
• ROIC deteriorated from 23.6% in Q4 2025 to -0.6% in Q1 2026, reflecting poor capital efficiency in Q1.
⚠ Consistent Q1 underperformance across all profitability metrics suggests significant seasonal headwinds or operational challenges.
⚠ Q4 spikes in margins appear unsustainable given immediate Q1 reversals in both 2025 and 2026.
Get alerted when INSP's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for Inspire Medical Systems, Inc. including:
Top Institutional Holders of INSP
BlackRock, Inc.
$183.1M3,549,554 shDEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)
$139.4M2,703,238 shWELLINGTON MANAGEMENT GROUP LLP
$130.8M2,535,954 shVANGUARD PORTFOLIO MANAGEMENT LLC
$84.4M1,637,173 shMORGAN STANLEY
$74.8M1,450,634 shVANGUARD CAPITAL MANAGEMENT LLC
$65.3M1,266,738 shD. E. Shaw & Co., Inc.
$61.3M1,188,537 shWILLIAM BLAIR INVESTMENT MANAGEMENT, LLC
$58.7M1,137,384 shSTATE STREET CORP
$49.3M956,011 shArtisan Partners Limited Partnership
$40.3M780,575 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $183.1M | 3,549,554 |
| DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C) | $139.4M | 2,703,238 |
| WELLINGTON MANAGEMENT GROUP LLP | $130.8M | 2,535,954 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $84.4M | 1,637,173 |
| MORGAN STANLEY | $74.8M | 1,450,634 |
| VANGUARD CAPITAL MANAGEMENT LLC | $65.3M | 1,266,738 |
| D. E. Shaw & Co., Inc. | $61.3M | 1,188,537 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $58.7M | 1,137,384 |
| STATE STREET CORP | $49.3M | 956,011 |
| Artisan Partners Limited Partnership | $40.3M | 780,575 |
More Healthcare Companies
View all Healthcare →Put INSP on your watchlist
Track score changes the day Inspire Medical Systems, Inc. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is INSP a good stock to buy?
13F Pro's AI-powered analysis of Inspire Medical Systems, Inc. (INSP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for INSP are available on the INSP 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 INSP?
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 INSP. 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 Inspire Medical Systems, Inc.'s investment landscape.