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Side-by-side financial comparison of Inspirato Inc (ISPO) and Valneva SE (VALN). Click either name above to swap in a different company.

Inspirato Inc is the larger business by last-quarter revenue ($55.5M vs $36.2M, roughly 1.5× Valneva SE). Inspirato Inc runs the higher net margin — -8.1% vs -54.1%, a 46.0% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

ISPO vs VALN — Head-to-Head

Bigger by revenue
ISPO
ISPO
1.5× larger
ISPO
$55.5M
$36.2M
VALN
Higher net margin
ISPO
ISPO
46.0% more per $
ISPO
-8.1%
-54.1%
VALN

Income Statement — Q3 FY2025 vs Q1 FY2023

Metric
ISPO
ISPO
VALN
VALN
Revenue
$55.5M
$36.2M
Net Profit
$-4.5M
$-19.6M
Gross Margin
31.4%
38.9%
Operating Margin
-8.0%
-49.5%
Net Margin
-8.1%
-54.1%
Revenue YoY
-19.6%
Net Profit YoY
-204.4%
EPS (diluted)
$-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.

Revenue
ISPO
ISPO
VALN
VALN
Q3 25
$55.5M
Q2 25
$63.1M
Q1 25
$65.9M
Q4 24
$63.1M
Q3 24
$69.1M
Q2 24
$67.4M
Q1 24
$80.2M
Q4 23
$70.7M
Net Profit
ISPO
ISPO
VALN
VALN
Q3 25
$-4.5M
Q2 25
$-5.3M
Q1 25
$1.6M
Q4 24
$-2.3M
Q3 24
$4.3M
Q2 24
$-8.7M
Q1 24
$1.3M
Q4 23
$-8.8M
Gross Margin
ISPO
ISPO
VALN
VALN
Q3 25
31.4%
Q2 25
27.5%
Q1 25
38.8%
Q4 24
34.7%
Q3 24
71.5%
Q2 24
24.0%
Q1 24
39.5%
Q4 23
27.2%
Operating Margin
ISPO
ISPO
VALN
VALN
Q3 25
-8.0%
Q2 25
-8.3%
Q1 25
2.5%
Q4 24
-3.2%
Q3 24
9.8%
Q2 24
-22.8%
Q1 24
3.0%
Q4 23
-22.7%
Net Margin
ISPO
ISPO
VALN
VALN
Q3 25
-8.1%
Q2 25
-8.4%
Q1 25
2.5%
Q4 24
-3.6%
Q3 24
6.3%
Q2 24
-12.9%
Q1 24
1.6%
Q4 23
-12.4%
EPS (diluted)
ISPO
ISPO
VALN
VALN
Q3 25
$-0.36
Q2 25
$-0.42
Q1 25
$0.12
Q4 24
$0.98
Q3 24
$0.62
Q2 24
$-2.33
Q1 24
$-0.18
Q4 23
$-2.58

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ISPO
ISPO
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$13.7M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-134.0M
$221.2M
Total Assets
$228.3M
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISPO
ISPO
VALN
VALN
Q3 25
$13.7M
Q2 25
$16.7M
Q1 25
$16.4M
Q4 24
$21.8M
Q3 24
$13.5M
Q2 24
$18.8M
Q1 24
$22.6M
Q4 23
$36.6M
Stockholders' Equity
ISPO
ISPO
VALN
VALN
Q3 25
$-134.0M
Q2 25
$-129.7M
Q1 25
$-125.2M
Q4 24
$-129.9M
Q3 24
$-134.6M
Q2 24
$-35.2M
Q1 24
$-27.5M
Q4 23
$-30.2M
Total Assets
ISPO
ISPO
VALN
VALN
Q3 25
$228.3M
Q2 25
$252.6M
Q1 25
$270.1M
Q4 24
$273.9M
Q3 24
$273.3M
Q2 24
$301.7M
Q1 24
$313.0M
Q4 23
$330.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ISPO
ISPO
VALN
VALN
Operating Cash FlowLast quarter
$-2.2M
$-26.3M
Free Cash FlowOCF − Capex
$-3.0M
FCF MarginFCF / Revenue
-5.4%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-31.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISPO
ISPO
VALN
VALN
Q3 25
$-2.2M
Q2 25
$1.1M
Q1 25
$-6.6M
Q4 24
$-15.8M
Q3 24
$-13.7M
Q2 24
$-1.8M
Q1 24
$-7.2M
Q4 23
$-6.0M
Free Cash Flow
ISPO
ISPO
VALN
VALN
Q3 25
$-3.0M
Q2 25
$468.0K
Q1 25
$-7.5M
Q4 24
$-21.2M
Q3 24
$-14.8M
Q2 24
$-3.7M
Q1 24
$-8.5M
Q4 23
$-7.5M
FCF Margin
ISPO
ISPO
VALN
VALN
Q3 25
-5.4%
Q2 25
0.7%
Q1 25
-11.4%
Q4 24
-33.7%
Q3 24
-21.5%
Q2 24
-5.5%
Q1 24
-10.6%
Q4 23
-10.6%
Capex Intensity
ISPO
ISPO
VALN
VALN
Q3 25
1.4%
Q2 25
1.0%
Q1 25
1.3%
Q4 24
8.7%
Q3 24
1.6%
Q2 24
2.8%
Q1 24
1.6%
Q4 23
2.1%
Cash Conversion
ISPO
ISPO
VALN
VALN
Q3 25
Q2 25
Q1 25
-4.09×
Q4 24
Q3 24
-3.16×
Q2 24
Q1 24
-5.70×
Q4 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ISPO
ISPO

Residence And Hotel Travel$25.9M47%
Subscription$19.4M35%
Experiences And Bespoke Travel$8.0M14%
Rewards And Other Revenue$2.3M4%

VALN
VALN

Segment breakdown not available.

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