Inspire Medical Systems, Inc.
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 4, 2025
INSP$64.33+0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Cash Flows
Consolidated Statements of Cash Flows (unaudited)
(in thousands)
| Six Months EndedJune 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net loss | $(600) | $(212) |
| Adjustments to reconcile net loss: | ||
| Depreciation and amortization | 6,458 | 2,222 |
| Accretion of investment discount | (2,118) | (4,907) |
| Stock-based compensation expense | 72,780 | 58,644 |
| Provision (benefit) for estimated credit losses | 350 | (1,133) |
| Impairment of strategic investment | 4,046 | — |
| Other non-cash expenses | 1,033 | 663 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (44,321) | 11,247 |
| Inventories | (41,515) | (25,139) |
| Prepaid expenses and other current assets | (639) | (18,917) |
| Accounts payable | 11,816 | (5,004) |
| Accrued expenses and other liabilities | (11,309) | (8,682) |
| Net cash (used in) provided by operating activities | (4,019) | 8,782 |
| Investing activities | ||
| Purchases of property and equipment | (17,404) | (24,089) |
| Purchases of investments | (108,720) | (112,035) |
| Proceeds from sales or maturities of investments | 173,651 | 122,209 |
| Purchases of strategic investment | (2,518) | — |
| Net cash provided by (used in) investing activities | 45,009 | (13,915) |
| Financing activities | ||
| Proceeds from the exercise of stock options | 8,615 | 9,134 |
| Share repurchase of common stock | (75,009) | — |
| Payment of taxes on net share settlement of equity awards | (20,924) | (4,710) |
| Proceeds from issuance of common stock from employee stock purchase plan | 3,255 | 3,431 |
| Net cash (used in) provided by financing activities | (84,063) | 7,855 |
| Effect of exchange rate on cash | (150) | (224) |
| (Decrease) increase in cash and cash equivalents | (43,223) | 2,498 |
| Cash and cash equivalents at beginning of period | 150,150 | 185,537 |
| Cash and cash equivalents at end of period | $106,927 | $188,035 |
| Supplemental cash flow information | ||
| Cash paid for interest | $4 | $— |
| Property and equipment included in accounts payable and accrued expenses | $5,789 | $3,868 |
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