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Side-by-side financial comparison of Inogen Inc (INGN) and Inspirato Inc (ISPO). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $55.5M, roughly 1.2× Inspirato Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -19.6%). Inogen Inc produced more free cash flow last quarter ($-1.9M vs $-3.0M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -11.4%).
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
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.
INGN vs ISPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $68.6M | $55.5M |
| Net Profit | — | $-4.5M |
| Gross Margin | 51.4% | 31.4% |
| Operating Margin | -13.6% | -8.0% |
| Net Margin | — | -8.1% |
| Revenue YoY | 3.4% | -19.6% |
| Net Profit YoY | — | -204.4% |
| EPS (diluted) | $-0.26 | $-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 | $68.6M | — | ||
| Q3 25 | $79.1M | $55.5M | ||
| Q2 25 | $79.2M | $63.1M | ||
| Q1 25 | $68.5M | $65.9M | ||
| Q4 24 | $66.3M | $63.1M | ||
| Q3 24 | $74.9M | $69.1M | ||
| Q2 24 | $74.4M | $67.4M | ||
| Q1 24 | $63.1M | $80.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.3M | $-4.5M | ||
| Q2 25 | $-4.2M | $-5.3M | ||
| Q1 25 | $-6.2M | $1.6M | ||
| Q4 24 | — | $-2.3M | ||
| Q3 24 | $-6.0M | $4.3M | ||
| Q2 24 | $-5.6M | $-8.7M | ||
| Q1 24 | $-14.6M | $1.3M |
| Q4 25 | 51.4% | — | ||
| Q3 25 | 52.2% | 31.4% | ||
| Q2 25 | 52.2% | 27.5% | ||
| Q1 25 | 53.1% | 38.8% | ||
| Q4 24 | 54.7% | 34.7% | ||
| Q3 24 | 55.2% | 71.5% | ||
| Q2 24 | 57.4% | 24.0% | ||
| Q1 24 | 54.5% | 39.5% |
| Q4 25 | -13.6% | — | ||
| Q3 25 | -9.0% | -8.0% | ||
| Q2 25 | -7.7% | -8.3% | ||
| Q1 25 | -11.2% | 2.5% | ||
| Q4 24 | -17.2% | -3.2% | ||
| Q3 24 | -10.4% | 9.8% | ||
| Q2 24 | -9.5% | -22.8% | ||
| Q1 24 | -25.8% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | -6.7% | -8.1% | ||
| Q2 25 | -5.2% | -8.4% | ||
| Q1 25 | -9.0% | 2.5% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | -8.0% | 6.3% | ||
| Q2 24 | -7.5% | -12.9% | ||
| Q1 24 | -23.1% | 1.6% |
| Q4 25 | $-0.26 | — | ||
| Q3 25 | $-0.20 | $-0.36 | ||
| Q2 25 | $-0.15 | $-0.42 | ||
| Q1 25 | $-0.25 | $0.12 | ||
| Q4 24 | $-0.41 | $0.98 | ||
| Q3 24 | $-0.25 | $0.62 | ||
| Q2 24 | $-0.24 | $-2.33 | ||
| Q1 24 | $-0.62 | $-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 | $103.7M | $13.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $192.2M | $-134.0M |
| Total Assets | $298.6M | $228.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.7M | — | ||
| Q3 25 | $106.5M | $13.7M | ||
| Q2 25 | $103.7M | $16.7M | ||
| Q1 25 | $118.9M | $16.4M | ||
| Q4 24 | $113.8M | $21.8M | ||
| Q3 24 | $105.7M | $13.5M | ||
| Q2 24 | $97.9M | $18.8M | ||
| Q1 24 | $107.4M | $22.6M |
| Q4 25 | $192.2M | — | ||
| Q3 25 | $197.2M | $-134.0M | ||
| Q2 25 | $199.5M | $-129.7M | ||
| Q1 25 | $198.0M | $-125.2M | ||
| Q4 24 | $173.9M | $-129.9M | ||
| Q3 24 | $185.4M | $-134.6M | ||
| Q2 24 | $187.6M | $-35.2M | ||
| Q1 24 | $191.9M | $-27.5M |
| Q4 25 | $298.6M | — | ||
| Q3 25 | $307.0M | $228.3M | ||
| Q2 25 | $312.0M | $252.6M | ||
| Q1 25 | $308.4M | $270.1M | ||
| Q4 24 | $296.2M | $273.9M | ||
| Q3 24 | $306.2M | $273.3M | ||
| Q2 24 | $308.9M | $301.7M | ||
| Q1 24 | $315.6M | $313.0M |
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 | $-943.0K | $-2.2M |
| Free Cash FlowOCF − Capex | $-1.9M | $-3.0M |
| FCF MarginFCF / Revenue | -2.8% | -5.4% |
| Capex IntensityCapex / Revenue | 1.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.7M | $-31.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-943.0K | — | ||
| Q3 25 | $2.2M | $-2.2M | ||
| Q2 25 | $4.3M | $1.1M | ||
| Q1 25 | $-16.8M | $-6.6M | ||
| Q4 24 | $-3.0M | $-15.8M | ||
| Q3 24 | $7.0M | $-13.7M | ||
| Q2 24 | $6.7M | $-1.8M | ||
| Q1 24 | $-4.7M | $-7.2M |
| Q4 25 | $-1.9M | — | ||
| Q3 25 | $1.6M | $-3.0M | ||
| Q2 25 | $3.7M | $468.0K | ||
| Q1 25 | $-17.1M | $-7.5M | ||
| Q4 24 | $-3.3M | $-21.2M | ||
| Q3 24 | $5.3M | $-14.8M | ||
| Q2 24 | $6.6M | $-3.7M | ||
| Q1 24 | $-6.1M | $-8.5M |
| Q4 25 | -2.8% | — | ||
| Q3 25 | 2.0% | -5.4% | ||
| Q2 25 | 4.6% | 0.7% | ||
| Q1 25 | -24.9% | -11.4% | ||
| Q4 24 | -5.0% | -33.7% | ||
| Q3 24 | 7.1% | -21.5% | ||
| Q2 24 | 8.9% | -5.5% | ||
| Q1 24 | -9.6% | -10.6% |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | 1.4% | ||
| Q2 25 | 0.9% | 1.0% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.5% | 8.7% | ||
| Q3 24 | 2.2% | 1.6% | ||
| Q2 24 | 0.1% | 2.8% | ||
| Q1 24 | 2.1% | 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
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
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% |
