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Inspire Medical Systems, Inc. balance sheet

At the end of fiscal 2025, Inspire Medical Systems, Inc. had total assets of $907m, total liabilities of $126m and shareholders' equity of $781m. It held $105m in cash against $0 of debt: net cash of $105m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents799723191214442186150105191
Receivables—47132534619093120105
Inventory—436817123480145179
Total current assets—24199171270269530594631584628
Total assets—25200181281295565677808907953
Total current liabilities—7111721416178899697
Long-term debt—16252525250————
Total debt0162525253400000
Total liabilities—243641516669104119126126
Shareholders' equity−71164140230229496573690781827
Net debt (negative = net cash)−78−732−166−181−442−186−150−105−191
Shares outstanding—1m—24m27m27m29m30m30m29m29m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Inspire Medical Systems, Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Inspire Medical Systems, Inc.