INSULET CORP
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
PODD$148.06-1.2%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Income
CONSOLIDATED STATEMENTS OF INCOME
| Years Ended December 31, | |||
|---|---|---|---|
| (in millions, except share and per share data) | 2025 | 2024 | 2023 |
| Revenue | $2,196.5 | $1,483.8 | $1,223.4 |
| Revenue from related party | 511.6 | 587.8 | 473.7 |
| Total revenue | 2,708.1 | 2,071.6 | 1,697.1 |
| Cost of revenue | 768.2 | 625.9 | 537.2 |
| Gross profit | 1,939.9 | 1,445.7 | 1,159.9 |
| Research and development expenses | 301.1 | 219.6 | 205.0 |
| Selling, general and administrative expenses | 1,165.0 | 917.2 | 734.8 |
| Operating income | 473.8 | 308.9 | 220.1 |
| Interest expense, net of portion capitalized (Note 8) | (59.4) | (42.7) | (36.2) |
| Interest income | 34.7 | 39.5 | 28.6 |
| Loss on extinguishment of debt | (123.9) | — | — |
| Other income (expense), net | 14.3 | (5.5) | 2.2 |
| Income before income taxes | 339.5 | 300.2 | 214.7 |
| Income tax (expense) benefit | (92.4) | 118.1 | (8.3) |
| Net income | $247.1 | $418.3 | $206.3 |
| Earnings per share: | |||
| Basic | $3.51 | $5.97 | $2.96 |
| Diluted | $3.48 | $5.78 | $2.94 |
| Weighted-average number of common shares outstanding (in thousands): | |||
| Basic | 70,348 | 70,076 | 69,751 |
| Diluted | 71,886 | 73,891 | 73,633 |
See notes to consolidated financial statements. Amounts may not add or recalculate due to rounding.
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