Insulet Corporation

Health Care Health Care Equipment Acton, Massachusetts Last filing Feb 18, 2026 · FY2025

                    Revenue
                    FY2025
                
$2.7B
                    3y CAGR +36.9%
                    
                    P100
                    
                    +30.7%
                    
                    Net income
                    FY2025
                
$247.1M
                    Net margin +9.1%
                    
                    P45
                    
                    -40.9%
                    
                    Total assets
                    FY2025
                
$3.2B
                    ROA +7.7%
                    
                    P63
                    
                    +3.3%
                    
                    Operating cash flow
                    FY2025
                
$569.3M
                    FCF margin +13.9%
                    
                    P43
                    
                    +32.3%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

30 accounts · 5 years

Total assets $3.2B

Total liabilities $1.7B

Shareholders equity $1.5B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	-2.9%	+5.7%	-6.6%	-14.5%	—
Accounts Receivable	—	-79.4%	-87.5%	-12.5%	—
Inventory	+10.5%	+12.4%	+15.2%	+14.4%	—
Prepaid Expenses	+32.5%	+24.3%	+25.4%	+17.4%	—
Other Current Assets	+18.0%	+19.6%	+33.8%	+97.9%	—
Total Current Assets	+9.5%	+12.5%	+9.1%	-1.2%	—
Property,Plant and Equipment	+11.2%	+10.5%	+11.3%	+11.8%	—
Goodwill	+6.7%	+9.0%	+14.0%	+29.9%	—
Intangible Assets	+33.7%	+39.1%	+64.2%	+106.3%	—
Long Term Investments	—	—	—	—	—
Other Noncurrent Assets	+18.0%	+19.6%	+33.8%	+97.9%	—
Total Assets	+11.7%	+14.7%	+12.4%	+9.9%	—
Liabilities
Accounts Payable	+18.8%	-19.3%	-28.6%	-18.3%	—
Accrued Liabilities	—	—	—	+81.3%	—
Deferred Revenue	+41.4%	+50.8%	+109.8%	+360.0%	—
Current Portion of Long Term Debt	-7.5%	+49.5%	+40.3%	+9.6%	—
Other Current Liabilities	—	—	—	—	—
Total Current Liabilities	+31.3%	+32.2%	+40.4%	+59.4%	—
Long Term Debt	-70.3%	-81.7%	-90.6%	+10.0%	—
Deferred Revenue Noncurrent	+0.0%	+10.1%	+12.5%	+6.7%	—
Other Noncurrent Liabilities	+44.2%	+51.3%	+59.5%	+139.6%	—
Total Liabilities	+2.9%	+7.9%	+11.5%	+18.9%	—
Equity
Preferred Stock	—	—	—	—	—
Common Stock	+0.0%	+0.0%	+0.0%	+0.0%	—
Additional Paid In Capital	+1.4%	-0.7%	-4.5%	-13.9%	—
Retained Earnings	—	—	—	—	—
Treasury Stock	—	—	—	—	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+28.5%	+29.6%	+14.8%	-14.4%	—
Total Liabilitiesand Equity	+11.7%	+14.7%	+12.4%	+9.9%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $2.7B

Operating income $473.8M

Net income $247.1M

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+27.0%	+25.8%	+27.7%	+1.4%	—
Expenses Cost of Revenue	+22.0%	+21.8%	+24.5%	+44.1%	—
Expenses Research and Development	+17.1%	+11.1%	+13.2%	+12.6%	—
Expenses Selling,General and Administrative	+25.7%	+25.3%	+25.6%	+26.1%	—
Expenses Depreciation and Amortization	+12.0%	+12.1%	+12.6%	+10.1%	—
Expenses Share Based Compensation	+16.2%	+26.3%	+18.6%	+18.9%	—
Other Income Expense Gross Profit	+26.7%	+24.3%	+24.2%	+7.1%	—
Other Income Expense Operating Income	+39.3%	+34.8%	+32.2%	-70.2%	—
Other Income Expense Interest Income	+188.6%	+329.1%	+656.3%	+1760.0%	—
Other Income Expense Interest Expense	-0.9%	-11.5%	-23.4%	-41.7%	—
Other Income Expense Other Income/expense	—	—	—	—	—
Other Income Expense Income Before Tax	+101.7%	+144.7%	+223.6%	-52.2%	—
Income Tax Income Tax Expense	+123.5%	—	+49.8%	+40.5%	—
net Income net Income	+95.8%	+192.0%	+250.4%	-72.6%	—
net Income Comprehensive Income	+134.0%	+252.1%	+362.2%	+194.5%	—
Earnings Per Share Basic Eps	+93.6%	+188.0%	+244.1%	-72.0%	—
Earnings Per Share Diluted Eps	+95.1%	+188.8%	+250.0%	-70.8%	—
Earnings Per Share Weighted Average Shares Basic	+1.0%	+1.2%	+1.5%	+2.5%	—
Earnings Per Share Weighted Average Shares Diluted	+1.2%	+2.5%	+3.6%	+1.9%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $569.3M

Investing cash flow $-222.7M

Financing cash flow $-595.3M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+95.8%	+192.0%	+250.4%	-72.6%	—
Operating Activities Depreciation and Amortization	+12.1%	+12.0%	+11.2%	+10.7%	—
Operating Activities Stock Based Compensation	+16.2%	+26.3%	+18.6%	+18.9%	—
Operating Activities Deferred Income Taxes	+168.4%	—	-35.5%	—	—
Operating Activities Changes In Operating Assets and Liabilities	-11.5%	-37.5%	-10.7%	-58.3%	—
Operating Activities Other Non Cash Items	+55.4%	+59.8%	+29.1%	+216.7%	—
Operating Activities net Cash From Operating Activities	—	—	—	—	—
Investing Activities Capital Expenditures	+14.4%	+3.7%	-17.8%	+9.8%	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	—	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+5.4%	-18.9%	+2.9%	-55.2%	—
Financing Activities Tax Withholding On Stock Based Compensation	-2.1%	-35.4%	-31.6%	-40.4%	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	—	—	—	—	—
Cash Reconciliation net Change In Cash	—	—	—	—	—
Cash Reconciliation Cash At Beginning of Period	-2.9%	+5.7%	-6.6%	-14.5%	—
Cash Reconciliation Cash At End of Period	-2.9%	+5.7%	-6.6%	-14.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+71.6%	+69.8%	+68.3%	+52.7%	+66.7%
Operating margin	+17.5%	+14.9%	+13.0%	+3.6%	+12.1%
Net margin	+9.1%	+20.2%	+12.2%	+0.4%	+1.6%
FCF margin	+13.9%	+14.7%	+4.1%	-0.4%	-17.3%
Growth
Revenue CAGR (3y)	+36.9%	+25.8%	+23.3%	+12.7%	+22.7%
Returns
ROE	+16.3%	+34.5%	+28.2%	+1.0%	+3.0%
ROA	+7.7%	+13.5%	+8.0%	+0.2%	+0.8%
ROIC	+41.7%	+88.3%	+237.7%	+1.5%	+10.1%
Liquidity
Current ratio	2.81x	3.58x	3.51x	3.60x	5.81x
Quick ratio	1.05x	1.81x	1.57x	2.28x	4.23x
Leverage
D/E	1.11x	1.55x	2.53x	3.73x	2.68x
Interest coverage	7.98x	7.23x	6.08x	1.04x	2.04x
Efficiency
Asset turnover	0.85x	0.67x	0.66x	0.47x	0.51x
Cash conversion cycle	+179d	+240d	+261d	+280d	+336d

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FY2025 fundamentals · no price

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Insulet Corporation

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