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Side-by-side financial comparison of ESTABLISHMENT LABS HOLDINGS INC. (ESTA) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $55.5M, roughly 1.2× Inspirato Inc). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs -19.6%). ESTABLISHMENT LABS HOLDINGS INC. produced more free cash flow last quarter ($-2.0M vs $-3.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% CAGR vs -11.4%).
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
Inspirato Inc is a luxury travel and hospitality subscription service provider catering primarily to high-net-worth consumers across North America. It offers curated premium villa rentals, exclusive resort access, customized trip planning, and corporate travel incentive solutions for enterprise clients.
ESTA vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.6M | $55.5M |
| Net Profit | — | $-4.5M |
| Gross Margin | 70.5% | 31.4% |
| Operating Margin | -6.1% | -8.0% |
| Net Margin | — | -8.1% |
| Revenue YoY | 45.2% | -19.6% |
| Net Profit YoY | — | -204.4% |
| EPS (diluted) | $-0.07 | $-0.36 |
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.
| Q4 25 | $64.6M | — | ||
| Q3 25 | $53.8M | $55.5M | ||
| Q2 25 | $51.3M | $63.1M | ||
| Q1 25 | $41.4M | $65.9M | ||
| Q4 24 | $44.5M | $63.1M | ||
| Q3 24 | $40.2M | $69.1M | ||
| Q2 24 | $44.1M | $67.4M | ||
| Q1 24 | $37.2M | $80.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-11.1M | $-4.5M | ||
| Q2 25 | $-16.6M | $-5.3M | ||
| Q1 25 | $-20.7M | $1.6M | ||
| Q4 24 | — | $-2.3M | ||
| Q3 24 | $-16.7M | $4.3M | ||
| Q2 24 | $-17.2M | $-8.7M | ||
| Q1 24 | $-16.2M | $1.3M |
| Q4 25 | 70.5% | — | ||
| Q3 25 | 70.1% | 31.4% | ||
| Q2 25 | 68.8% | 27.5% | ||
| Q1 25 | 67.2% | 38.8% | ||
| Q4 24 | 68.5% | 34.7% | ||
| Q3 24 | 63.9% | 71.5% | ||
| Q2 24 | 65.6% | 24.0% | ||
| Q1 24 | 65.6% | 39.5% |
| Q4 25 | -6.1% | — | ||
| Q3 25 | -7.5% | -8.0% | ||
| Q2 25 | -27.5% | -8.3% | ||
| Q1 25 | -41.0% | 2.5% | ||
| Q4 24 | -41.9% | -3.2% | ||
| Q3 24 | -32.7% | 9.8% | ||
| Q2 24 | -21.2% | -22.8% | ||
| Q1 24 | -23.8% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | -20.7% | -8.1% | ||
| Q2 25 | -32.3% | -8.4% | ||
| Q1 25 | -50.1% | 2.5% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | -41.5% | 6.3% | ||
| Q2 24 | -38.9% | -12.9% | ||
| Q1 24 | -43.6% | 1.6% |
| Q4 25 | $-0.07 | — | ||
| Q3 25 | $-0.38 | $-0.36 | ||
| Q2 25 | $-0.57 | $-0.42 | ||
| Q1 25 | $-0.70 | $0.12 | ||
| Q4 24 | $-1.21 | $0.98 | ||
| Q3 24 | $-0.59 | $0.62 | ||
| Q2 24 | $-0.62 | $-2.33 | ||
| Q1 24 | $-0.58 | $-0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.6M | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.5M | $-134.0M |
| Total Assets | $357.2M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | — | ||
| Q3 25 | $70.6M | $13.7M | ||
| Q2 25 | $54.6M | $16.7M | ||
| Q1 25 | $69.2M | $16.4M | ||
| Q4 24 | $90.3M | $21.8M | ||
| Q3 24 | — | $13.5M | ||
| Q2 24 | — | $18.8M | ||
| Q1 24 | — | $22.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.5M | — | ||
| Q3 25 | $16.4M | $-134.0M | ||
| Q2 25 | $22.8M | $-129.7M | ||
| Q1 25 | $38.5M | $-125.2M | ||
| Q4 24 | $53.1M | $-129.9M | ||
| Q3 24 | $32.7M | $-134.6M | ||
| Q2 24 | $45.0M | $-35.2M | ||
| Q1 24 | $56.9M | $-27.5M |
| Q4 25 | $357.2M | — | ||
| Q3 25 | $338.9M | $228.3M | ||
| Q2 25 | $329.7M | $252.6M | ||
| Q1 25 | $333.4M | $270.1M | ||
| Q4 24 | $346.8M | $273.9M | ||
| Q3 24 | $282.7M | $273.3M | ||
| Q2 24 | $285.1M | $301.7M | ||
| Q1 24 | $301.8M | $313.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-162.0K | $-2.2M |
| Free Cash FlowOCF − Capex | $-2.0M | $-3.0M |
| FCF MarginFCF / Revenue | -3.1% | -5.4% |
| Capex IntensityCapex / Revenue | 2.8% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-56.9M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-162.0K | — | ||
| Q3 25 | $-11.3M | $-2.2M | ||
| Q2 25 | $-18.8M | $1.1M | ||
| Q1 25 | $-20.7M | $-6.6M | ||
| Q4 24 | $-20.7M | $-15.8M | ||
| Q3 24 | $-12.5M | $-13.7M | ||
| Q2 24 | $-14.2M | $-1.8M | ||
| Q1 24 | $-11.2M | $-7.2M |
| Q4 25 | $-2.0M | — | ||
| Q3 25 | $-13.1M | $-3.0M | ||
| Q2 25 | $-20.4M | $468.0K | ||
| Q1 25 | $-21.5M | $-7.5M | ||
| Q4 24 | $-21.3M | $-21.2M | ||
| Q3 24 | $-13.9M | $-14.8M | ||
| Q2 24 | $-15.0M | $-3.7M | ||
| Q1 24 | $-14.5M | $-8.5M |
| Q4 25 | -3.1% | — | ||
| Q3 25 | -24.4% | -5.4% | ||
| Q2 25 | -39.7% | 0.7% | ||
| Q1 25 | -51.9% | -11.4% | ||
| Q4 24 | -47.8% | -33.7% | ||
| Q3 24 | -34.6% | -21.5% | ||
| Q2 24 | -33.9% | -5.5% | ||
| Q1 24 | -38.9% | -10.6% |
| Q4 25 | 2.8% | — | ||
| Q3 25 | 3.4% | 1.4% | ||
| Q2 25 | 3.2% | 1.0% | ||
| Q1 25 | 1.8% | 1.3% | ||
| Q4 24 | 1.2% | 8.7% | ||
| Q3 24 | 3.7% | 1.6% | ||
| Q2 24 | 1.8% | 2.8% | ||
| Q1 24 | 8.9% | 1.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -4.09× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -3.16× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -5.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESTA
Segment breakdown not available.
ISPO
| Residence And Hotel Travel | $25.9M | 47% |
| Subscription | $19.4M | 35% |
| Experiences And Bespoke Travel | $8.0M | 14% |
| Rewards And Other Revenue | $2.3M | 4% |
