Inspira Tech Financials
This page shows Inspira Tech (IINNW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Inspira still operates as a capital-funded R&D program, with tiny product sales and cash burn dictating the balance sheet.
From FY2022 to FY2025, shares outstanding climbed from 11.3M to 35.9M while cash fell from$6.8M to$3.2M ; that combination shows new financing has mainly refilled operating losses rather than built a larger commercial asset base. The clue is that operating cash burn stayed near$10M a year even as capex remained below$300K , so cash is being consumed to fund ongoing activity, not heavy expansion.
FY2025’s
Liquidity has tightened without large capital spending: the current ratio compressed from 8.7x in FY2022 to 1.6x in FY2025, while equity fell from
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Inspira Tech's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Inspira Tech has an operating margin of -4713.8%, meaning the company retains $-4714 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses.
Inspira Tech carries a low D/E ratio of 1.30, meaning only $1.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.
Inspira Tech's current ratio of 1.56 is below the typical benchmark, resulting in a score of 27/100. However, the company holds substantial cash reserves (112% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Inspira Tech generated -$9.9M in operating cash flow, capex of $103K consumed most of it, leaving -$10.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Inspira Tech generates a -569.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -255.7% the prior year.
Inspira Tech passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Inspira Tech generates $0.75 in operating cash flow (-$9.9M OCF vs -$13.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Inspira Tech generated $289K in revenue in fiscal year 2025.
Inspira Tech's EBITDA was -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.4% from the prior year.
Inspira Tech reported -$13.2M in net income in fiscal year 2025. This represents a decrease of 19.6% from the prior year.
Inspira Tech earned $-0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 25.0% from the prior year.
Cash & Balance Sheet
Inspira Tech generated -$10.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 4.5% from the prior year.
Inspira Tech held $3.2M in cash against $0 in long-term debt as of fiscal year 2025.
Inspira Tech had 36M shares outstanding in fiscal year 2025. This represents an increase of 48.2% from the prior year.
Margins & Returns
Inspira Tech's gross margin was 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Inspira Tech's operating margin was -4713.8% in fiscal year 2025, reflecting core business profitability.
Inspira Tech's net profit margin was -4574.4% in fiscal year 2025, showing the share of revenue converted to profit.
Inspira Tech's ROE was -569.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 313.4 percentage points from the prior year.
Capital Allocation
Inspira Tech invested $7.5M in research and development in fiscal year 2025. This represents an increase of 18.6% from the prior year.
Inspira Tech invested $103K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.2% from the prior year.
IINNW Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
IINNW Balance Sheet
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|
| Total Assets | $5.3M+20.0% | $4.5M-44.8% | $8.1M-14.3% | $9.4M+1.2% | $9.3M-42.4% | $16.2M |
| Current Assets | $4.4M+35.5% | $3.3M-52.2% | $6.8M-15.8% | $8.1M+3.7% | $7.8M-46.2% | $14.5M |
| Cash & Equivalents | $3.2M+48.6% | $2.1M-58.4% | $5.1M+44.0% | $3.5M-29.6% | $5.0M-25.7% | $6.8M |
| Inventory | $735K+3.4% | $711K+60.1% | $444K+18.1% | $376K | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.0M-4.9% | $3.2M-15.3% | $3.7M-8.1% | $4.1M+14.2% | $3.6M+40.9% | $2.5M |
| Current Liabilities | $2.8M-0.1% | $2.8M-16.1% | $3.4M-7.0% | $3.6M+21.4% | $3.0M+79.5% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.3M+81.8% | $1.3M-70.4% | $4.3M-19.1% | $5.3M-6.9% | $5.7M-57.9% | $13.6M |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A |
IINNW Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
IINNW Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q4'22 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 1.56+0.4 | 1.15-0.9 | 2.02-0.2 | 2.23-0.4 | 2.61-6.1 | 8.72 |
| Debt-to-Equity | 1.30-1.2 | 2.48+1.6 | 0.87+0.1 | 0.76+0.1 | 0.62+0.4 | 0.19 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Inspira Tech's annual revenue?
Inspira Tech (IINNW) reported $289K in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Inspira Tech profitable?
No, Inspira Tech (IINNW) reported a net income of -$13.2M in fiscal year 2025, with a net profit margin of -4574.4%.
What is Inspira Tech's EBITDA?
Inspira Tech (IINNW) had EBITDA of -$13.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Inspira Tech's gross margin?
Inspira Tech (IINNW) had a gross margin of 0.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Inspira Tech's operating margin?
Inspira Tech (IINNW) had an operating margin of -4713.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Inspira Tech's net profit margin?
Inspira Tech (IINNW) had a net profit margin of -4574.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Inspira Tech's return on equity (ROE)?
Inspira Tech (IINNW) has a return on equity of -569.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Inspira Tech's free cash flow?
Inspira Tech (IINNW) generated -$10.0M in free cash flow during fiscal year 2025. This represents a -4.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Inspira Tech's operating cash flow?
Inspira Tech (IINNW) generated -$9.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Inspira Tech's total assets?
Inspira Tech (IINNW) had $5.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Inspira Tech's capital expenditures?
Inspira Tech (IINNW) invested $103K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Inspira Tech spend on research and development?
Inspira Tech (IINNW) invested $7.5M in research and development during fiscal year 2025.
What is Inspira Tech's current ratio?
Inspira Tech (IINNW) had a current ratio of 1.56 as of fiscal year 2025, which is generally considered healthy.
What is Inspira Tech's debt-to-equity ratio?
Inspira Tech (IINNW) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Inspira Tech's return on assets (ROA)?
Inspira Tech (IINNW) had a return on assets of -247.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Inspira Tech's cash runway?
Based on fiscal year 2025 data, Inspira Tech (IINNW) had $3.2M in cash against an annual operating cash burn of $9.9M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Inspira Tech's Piotroski F-Score?
Inspira Tech (IINNW) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Inspira Tech's earnings high quality?
Inspira Tech (IINNW) has an earnings quality ratio of 0.75x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Inspira Tech?
Inspira Tech (IINNW) scores 17 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.