Inspire Medical Systems (INSP) logo

Inspire Medical Systems (INSP) stock

Sleep apnea treatment , market cap $1.9B

$62.31
-3.14%

As of Tuesday's close · Live for Pro members at the open

Why is INSP down?

Down 3.1% today, more than its medical device peers' 2.0%; no story names it yet.

Fell on Nov 3

Down 8% on Nov 3, and still 4% under its Nov 2 close.

“Revenue decreased 7.9% to $206.7 million, driven primarily by a decline in U.S. revenue.”

Inspire Medical Systems' Nov 2 release said

Sources: Price history, Nov 3, 2026; Company release, Nov 2, 2026

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1 more reason, free with an account →1 more reason why INSP fell on Nov 3, from its filings, with the company's words, the timeline, and its peers, for Pro members.
Quality Score
4
Below Average
In its industry
#48of 84
Checks firing
2of 14
Trending down
From 52-week high
-57.6%
under its best in a year

INSP's Quality Score fell 2 points on Tue, Nov 10, to 4. It closed away from its high of the day (2 chart checks stopped).

See INSP's 14 chart checksSee it live, free until Thursday morning. No account. No card. Then keep going with a free account.

We do the work for you. Every stock is scored and ranked, every 15 seconds while the market is open. Here it's 15 minutes behind. Pro members see it live.

Key facts on INSP

Key facts on INSP
Since its 2023 highDown 80% a $21.2M loss → $100.7M profit a year
Latest filing8-K, Nov 2 Reported its quarterly results
1 more reason behind INSP's 4, free with an account →3 more reasons behind INSP's 4, for Pro members.

INSP in the news

TodayNo story names it yet.

What's next

Tue Nov 10: Stifel Healthcare Conference 2026Investor conference · date confirmed.

INSP catalysts

Coming up

After its last 4 reports it closed -2.4% on average, higher 1 of 4 times.

34 past catalysts since 2019, with sizes and sources, for Pro members.

Why INSP scores 4

Below Averagefor quality, not price, 2 of 14 chart checks firingWhat the Quality Score means

Well below its recent run. INSP scores 4 today, against a median of 8.5 over its last 20 recorded sessions.

  • +2Chart checks 2 of 14 firing right now, one point each
  • −1Long-term trend below a rising 200-⁠day average, down over one year, down over two years
  • Run-up adds
  • Profit addsRead on the last four quarters against the four before, or the last full year where no quarters are filed.
  • Volatility subtractsA daily range of 5% or more with nothing behind it (no profit or cash flow, sales shrinking, or 10% more shares outstanding with no free cash flow): -1, or -2 from 8%.
  • News adds

No effect today: Size, Growth, Dilution, Cash flow, and Persistence.

What every line is worth, and the reason behind it, on INSP and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 11:29 PM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

How INSP ranks in Medical Devices

INSP is #48 of 84 by Quality Score.

How INSP ranks in Medical Devices
RankStockQuality Score
48Inspire Medical Systems (INSP) logoINSPInspire Medical Systems4

More in Medical Devices

When does INSP report earnings, and what happens after?

Expected to report Wed Feb 10, after the close (in 92 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What INSP reported on Nov 2, 2026

The quarter

Sales of $206.7M, 8% less than a year ago; a loss of $0.84 a share, from a profit of $0.34.

“Revenue decreased 7.9% to $206.7 million, driven primarily by a decline in U.S. revenue.”

The quarter that ended Sep 30, from the company's press release

The press releaseThe filing on EDGAR

Where the sales came from

Where the quarter's sales came from
LineQ3
2026
Q2
2026
Q3
2025
By region
United Statesdown 7.9%$197M96%$187M93%$214M96%

Each quarter's sales and their share of its total. Figures as filed (SEC filing, Nov 2)

1 more line, for Pro members.

The outlook

The outlook the company gave, by period
MeasureFigure
FY2026
Capital expenditures$35M to $40Mcut

Figures as filed (SEC filing, Nov 2)

5 more outlook lines, for Pro members.

In the company's words

  • “Operating expenses increased $23.5 million, or 12.8%, to $206.6 million, primarily due to $24.1 million of restructuring charges, legal settlement expense of $7.0 million, and higher legal fees, partially offset by lower marketing expenses and lower stock-based compensation expense.”

From its results filing (SEC filing · Nov 2)

1 more sentence, for Pro members.

The numbers

Market value
$1.9B
today
Sales
$881M
down 0.19% on the year
Free cash flow
$97.9M
last 12 months

Sales grew 51% a year over 5 years, fiscal 2020 to 2025.

Its share count grew 2.7% a year over 5 years.

4 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on INSP: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

-12.0%+22.8%-7.9%
May 4Aug 3Nov 2
ReportedGapReaction5
days
Nov 2, 2026After close-3.2%-7.9%-4.3%
Aug 3, 2026After close+22.9%+22.8%+14.4%
May 4, 2026After close-14.3%-12.0%-20.9%

INSP closed higher after 1 of its last 4 reports.

All 4 reports, and INSP's Quality Score going into each

INSP sales and profit by year

Sales and profit by year

Sales grew every year from 2018 to 2025, to $912M. It made a profit in two of the eight years.

INSP has 2 of 14 chart checks firing

Volume1 of 3 shown
Tight range1 of 3 shown
Buying1 of 3 shown
The other 10 checks on INSP, and all 14 on every stock.Get in free →

INSP RSI today: 37.9, below its 50-day, above its 200-day

Not scored

RSI 37.9, MACD below signal, below its 50-day, above its 200-day. Not scored.

The deep dive on INSP

  • What it does and how it makes money6 findingsIt kept 6 cents of each dollar of sales in fiscal 2025: $51.0M of operating profit on $912M of sales.Annual report, filed Feb 13, 2026"As of December 31, 2025, we had rights to 119 issued U.S. patents, which will expire between 2029 and 2043 assuming all required fees are paid, 73 pending U.S. patent applications, 83 issued foreign patents, and 73 pending foreign patent applications." (10-K for fiscal 2025)SEC filing · Feb 13, 2026
  • Where it stands3 findingsFor Pro members3 findings on where INSP stands: its cash, debt, and share count, for Pro members
  • What changed in its filings6 findings"On September 28, 2026, Relator filed a Notice of Appeal appealing the district court’s decision granting the Company’s motion to dismiss." (10-Q for the quarter to Sep 30, 2026)SEC filing · Nov 2, 2026A new heading in its "Risk Factors" this year: "Fluctuations in our tax obligations and effective tax rate and realization of our net deferred tax assets may result in volatility of our operating results and materially impact our financial condition or financial results." (10-K for fiscal 2025; not in fiscal 2024's)SEC filing · Feb 13, 2026, against the one of Feb 10, 2025
  • Who holds and trades it4 findingsFor Pro members4 findings on who holds and trades INSP, for Pro members

15 more findings on INSP, each with its source, for Pro members.

INSP insider trades

2 insiders sold $172K across 2 filings in the last 6 months. No open-⁠market buys on record. The newest:

SellJason P. Kelly$57KInsiderat $59.55 on Aug 7, filed Aug 11

INSP trades by Congress and the executive branch

4 trades disclosed in the last six months. The newest:

SellDonald Trump$1K to $15KPresident (R)traded Jul 29, disclosed Sep 22(55 days later)
All 4 trades on INSP disclosed by Congress and the executive branch, for Pro members.Get in free →

See what Congress is buying across the market

INSP's officers and directors

Officers and directors with a Form 4 in the last 12 months.

8 more officers and directors file at INSP.

See insider trades by person

Which ETFs hold INSP?

In ETFs: INSP is under 0.1% of VTI, the most of the 24 funds Breakaway covers, by their holdings as filed for Jun 30, 2026.

About Inspire Medical Systems

Inspire Medical Systems Inc operates as a medical technology company. It focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA). It offers Inspire system, a neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. The firm has operating footprints in the United States and All other countries wherein, it generates a majority of its revenue from the United States. Its segment revenues are derived from the sales of its product, the Inspire system, to hospitals and ambulatory surgery centers in the U.S. and in selected countries in Europe and the Asia Pacific region.

1,333 employeesGolden Valley, MNinspiresleep.com

What Inspire Medical Systems says it competes with

“While we are second-line to PAP therapies, there remains some competition with PAP therapies as sleep physicians often remain committed to prescribing PAP despite poor patient adherence to therapy.”

From its annual report, SEC filing · Feb 13, 2026

Here is what Pro members see.

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  • Every line of the score

    Price action, the company, and signals, each with its points, on INSP and every other stock.

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  • Congress trades

    A member's trades, newest first, each with its amount. Sort and filter the whole list.

  • 14 chart checks, read for you

    The ones firing on the stock, each in plain words, its rule a tap away.

  • Earnings, week by week

    Who reports each day, and how each stock took its last four reports.

  • FDA dates, counted down

    Each date in the company's words, its cash against the date, and an optional alert before it.

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    Every stock a box, colored by its Quality Score.

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    The ten highest Quality Scores at each close, kept day by day, week by week.

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Pro members see every line of every stock's score.

  • What would turn INSP's score around: 6 things
  • 2 more filings explained, a plain line each
  • Real-⁠time prices, no delay
BreakawaySep 22Donald Trump bought INSP$15K to $50K, disclosed Sep 22

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Straight AnswersStraight Answers

As of Nov 10, 2026: INSP's Quality Score is 4 (Below Average), #48 of 84 in Medical Devices. Insiders sold $172K in the last 6 months (Form 4).

What does INSP's Quality Score say?

INSP scores 4 today, which Breakaway calls Below Average. It is #48 of 84 in Medical Devices by Quality Score, with 2 of 14 chart checks firing. Down 8% on Nov 3, and still 4% under its Nov 2 close. Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is INSP's Quality Score?

INSP scores 4 today, which Breakaway calls Below Average (0 to 5). That is #48 of 84 in Medical Devices by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind INSP's 4.

Are insiders buying INSP?

2 insiders sold $172K across 2 filings in the last 6 months. No open-⁠market buys on record. The newest is Jason P. Kelly, Insider, who sold $57K on Aug 7. Every filing, with the scored weight, for Pro members.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.

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