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Side-by-side financial comparison of AtriCure, Inc. (ATRC) and Inspire Medical Systems, Inc. (INSP). Click either name above to swap in a different company.
Inspire Medical Systems, Inc. is the larger business by last-quarter revenue ($204.6M vs $141.2M, roughly 1.4× AtriCure, Inc.). On growth, AtriCure, Inc. posted the faster year-over-year revenue change (14.3% vs 1.6%). Over the past eight quarters, AtriCure, Inc.'s revenue compounded faster (10.2% CAGR vs 2.2%).
AtriCure, Inc. is a global medical device company specializing in the research, development, and manufacturing of innovative surgical tools and therapeutic solutions for treating atrial fibrillation and associated cardiac conditions. Its core customers include hospitals, cardiac surgery centers, and healthcare providers across North America, Europe, and the Asia Pacific region, with products designed to support safer, more effective minimally invasive cardiac procedures.
Inspire Medical Systems, Inc. is a medical technology firm that develops, manufactures and commercializes implantable neurostimulation solutions for obstructive sleep apnea. Its core product serves patients intolerant to CPAP therapy, with main markets across North America, Europe, and select Asia-Pacific regions, operating in sleep medicine and otolaryngology segments.
ATRC vs INSP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.2M | $204.6M |
| Net Profit | $108.0K | — |
| Gross Margin | 77.4% | 86.5% |
| Operating Margin | 23.0% | 13.0% |
| Net Margin | 0.1% | — |
| Revenue YoY | 14.3% | 1.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.00 | $-0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $141.2M | $204.6M | ||
| Q4 25 | $140.5M | $269.1M | ||
| Q3 25 | $134.3M | $224.5M | ||
| Q2 25 | $136.1M | $217.1M | ||
| Q1 25 | $123.6M | $201.3M | ||
| Q4 24 | $124.3M | $239.7M | ||
| Q3 24 | $115.9M | $203.2M | ||
| Q2 24 | $116.3M | $195.9M |
| Q1 26 | $108.0K | — | ||
| Q4 25 | — | $136.1M | ||
| Q3 25 | $-267.0K | $9.9M | ||
| Q2 25 | $-6.2M | $-3.6M | ||
| Q1 25 | $-6.7M | $3.0M | ||
| Q4 24 | — | $35.2M | ||
| Q3 24 | $-7.9M | $18.5M | ||
| Q2 24 | $-8.0M | $9.8M |
| Q1 26 | 77.4% | 86.5% | ||
| Q4 25 | 75.0% | 86.6% | ||
| Q3 25 | 75.5% | 85.8% | ||
| Q2 25 | 74.5% | 84.0% | ||
| Q1 25 | 74.9% | 84.7% | ||
| Q4 24 | 74.5% | 85.0% | ||
| Q3 24 | 74.9% | 84.1% | ||
| Q2 24 | 74.7% | 84.8% |
| Q1 26 | 23.0% | 13.0% | ||
| Q4 25 | 1.8% | 17.1% | ||
| Q3 25 | 0.2% | 4.3% | ||
| Q2 25 | -4.5% | -1.5% | ||
| Q1 25 | -4.8% | -0.7% | ||
| Q4 24 | -11.7% | 13.3% | ||
| Q3 24 | -6.4% | 7.0% | ||
| Q2 24 | -6.2% | 2.6% |
| Q1 26 | 0.1% | — | ||
| Q4 25 | — | 50.6% | ||
| Q3 25 | -0.2% | 4.4% | ||
| Q2 25 | -4.5% | -1.7% | ||
| Q1 25 | -5.5% | 1.5% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | -6.8% | 9.1% | ||
| Q2 24 | -6.9% | 5.0% |
| Q1 26 | $0.00 | $-0.39 | ||
| Q4 25 | $0.04 | $4.57 | ||
| Q3 25 | $-0.01 | $0.34 | ||
| Q2 25 | $-0.13 | $-0.12 | ||
| Q1 25 | $-0.14 | $0.10 | ||
| Q4 24 | $-0.33 | $1.17 | ||
| Q3 24 | $-0.17 | $0.60 | ||
| Q2 24 | $-0.17 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.2M | $98.9M |
| Total DebtLower is stronger | $61.0M | — |
| Stockholders' EquityBook value | $491.7M | $792.3M |
| Total Assets | $644.0M | $911.4M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $146.2M | $98.9M | ||
| Q4 25 | $167.4M | $308.3M | ||
| Q3 25 | $147.9M | $322.6M | ||
| Q2 25 | $117.8M | $300.9M | ||
| Q1 25 | $99.9M | $369.2M | ||
| Q4 24 | $122.7M | $445.5M | ||
| Q3 24 | $130.3M | $411.0M | ||
| Q2 24 | $114.0M | $439.7M |
| Q1 26 | $61.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $61.9M | — | ||
| Q2 25 | $61.9M | — | ||
| Q1 25 | $61.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $61.9M | — | ||
| Q2 24 | $61.9M | — |
| Q1 26 | $491.7M | $792.3M | ||
| Q4 25 | $491.9M | $781.2M | ||
| Q3 25 | $476.5M | $666.5M | ||
| Q2 25 | $464.5M | $677.8M | ||
| Q1 25 | $454.6M | $635.7M | ||
| Q4 24 | $461.0M | $689.7M | ||
| Q3 24 | $465.0M | $696.6M | ||
| Q2 24 | $462.1M | $638.1M |
| Q1 26 | $644.0M | $911.4M | ||
| Q4 25 | $654.2M | $907.3M | ||
| Q3 25 | $635.4M | $807.7M | ||
| Q2 25 | $608.8M | $802.2M | ||
| Q1 25 | $591.6M | $730.8M | ||
| Q4 24 | $609.3M | $808.4M | ||
| Q3 24 | $615.1M | $796.2M | ||
| Q2 24 | $597.3M | $728.4M |
| Q1 26 | 0.12× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATRC
| Appendage management | $48.4M | 34% |
| Open ablation | $39.1M | 28% |
| Other | $25.0M | 18% |
| Pain management | $22.4M | 16% |
| Minimally invasive ablation | $6.4M | 5% |
INSP
Segment breakdown not available.
