INSPIRE VETERINARY PARTNER Financials
This page shows INSPIRE VETERINARY PARTNER (IVP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
INSPIRE VETERINARY PARTNER has an operating margin of -54.4%, meaning the company retains $-54 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. This is down from -43.0% the prior year.
INSPIRE VETERINARY PARTNER's revenue declined 0.5% year-over-year, from $16.7M to $16.6M. This contraction results in a growth score of 27/100.
INSPIRE VETERINARY PARTNER has elevated debt relative to equity (D/E of 7.67), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
INSPIRE VETERINARY PARTNER's current ratio of 0.25 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While INSPIRE VETERINARY PARTNER generated -$10.0M in operating cash flow, capex of $238K consumed most of it, leaving -$10.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
INSPIRE VETERINARY PARTNER passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, INSPIRE VETERINARY PARTNER generates $0.70 in operating cash flow (-$10.0M OCF vs -$14.3M 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
INSPIRE VETERINARY PARTNER generated $16.6M in revenue in fiscal year 2024. This represents a decrease of 0.5% from the prior year.
INSPIRE VETERINARY PARTNER's EBITDA was -$7.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 29.8% from the prior year.
INSPIRE VETERINARY PARTNER generated -$10.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 143.6% from the prior year.
INSPIRE VETERINARY PARTNER reported -$14.3M in net income in fiscal year 2024. This represents an increase of 3.6% from the prior year.
INSPIRE VETERINARY PARTNER held $524K in cash against $12.0M in long-term debt as of fiscal year 2024.
INSPIRE VETERINARY PARTNER's operating margin was -54.4% in fiscal year 2024, reflecting core business profitability. This is down 11.4 percentage points from the prior year.
INSPIRE VETERINARY PARTNER's net profit margin was -86.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.
INSPIRE VETERINARY PARTNER spent $650K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
INSPIRE VETERINARY PARTNER invested $238K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 38.0% from the prior year.
IVP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3M+0.8% | $4.3M+17.7% | $3.6M-17.1% | $4.4M-9.1% | $4.8M+27.7% | $3.8M-8.2% | $4.1M | N/A |
| Cost of Revenue | N/A | N/A | 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 | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.4M-8.6% | $2.7M+8.3% | $2.4M+10.3% | $2.2M-22.8% | $2.9M+29.0% | $2.2M-37.5% | $3.6M | N/A |
| Operating Income | -$2.0M+24.8% | -$2.6M-30.3% | -$2.0M+16.1% | -$2.4M+16.4% | -$2.9M-19.0% | -$2.4M+15.0% | -$2.8M | N/A |
| Interest Expense | N/A | N/A | 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 | N/A | N/A |
| Net Income | -$2.5M+16.8% | -$3.0M-25.7% | -$2.4M+28.7% | -$3.4M+1.0% | -$3.4M+17.4% | -$4.1M+47.5% | -$7.9M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IVP Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $24.0M+15.1% | $20.8M+0.7% | $20.7M-5.8% | $21.9M-6.3% | $23.4M+7.4% | $21.8M+2.3% | $21.3M+5.5% | $20.2M |
| Current Assets | $3.8M+186.9% | $1.3M-54.0% | $2.9M+31.7% | $2.2M-29.9% | $3.1M+132.2% | $1.4M-61.8% | $3.5M+103.1% | $1.7M |
| Cash & Equivalents | $576K+46.5% | $393K-78.8% | $1.9M+24162.6% | $8K-88.9% | $69K-61.4% | $179K-90.9% | $2.0M+340.4% | $444K |
| Inventory | $498K+4.3% | $477K+0.4% | $475K-17.3% | $575K+5.3% | $546K-4.5% | $572K-16.0% | $680K+16.9% | $582K |
| Accounts Receivable | $29K-84.4% | $184K+4096.4% | $4K-89.0% | $40K-88.4% | $341K+1095.1% | $29K-88.2% | $242K | N/A |
| Goodwill | $9.1M+1.1% | $9.0M+12.0% | $8.0M-1.5% | $8.1M0.0% | $8.1M0.0% | $8.1M+7.0% | $7.6M0.0% | $7.6M |
| Total Liabilities | $19.8M-2.8% | $20.4M+15.3% | $17.7M-29.5% | $25.0M+8.3% | $23.1M+2.4% | $22.6M+21.5% | $18.6M-26.6% | $25.3M |
| Current Liabilities | $9.7M-3.3% | $10.1M+34.5% | $7.5M-39.8% | $12.4M+46.9% | $8.5M+11.5% | $7.6M+48.8% | $5.1M-29.7% | $7.2M |
| Long-Term Debt | $11.8M-2.3% | $12.0M+4.4% | $11.5M-21.1% | $14.6M | N/A | N/A | N/A | N/A |
| Total Equity | $4.2M+834.1% | $446K-85.1% | $3.0M+196.5% | -$3.1M-1254.1% | $270K+134.2% | -$788K-129.1% | $2.7M+152.8% | -$5.1M |
| Retained Earnings | -$44.3M-6.0% | -$41.8M-7.8% | -$38.8M-37.2% | -$28.2M-13.7% | -$24.8M-17.1% | -$21.2M-25.6% | -$16.9M-170.6% | -$6.2M |
IVP Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.3M-42.8% | -$898K+34.6% | -$1.4M-1017.9% | $150K+104.7% | -$3.2M-319.9% | -$755K+70.5% | -$2.6M-651.8% | -$340K |
| Capital Expenditures | $43K+245.5% | $13K-38.0% | $20K-14.4% | $24K-84.9% | $157K+563.7% | $24K-90.2% | $241K+107.3% | -$3.3M |
| Free Cash Flow | -$1.3M-45.6% | -$911K+34.7% | -$1.4M-1206.6% | $126K+103.8% | -$3.3M-327.3% | -$778K+72.2% | -$2.8M+23.5% | -$3.7M |
| Investing Cash Flow | -$43K+97.7% | -$1.9M-9086.6% | -$20K+14.4% | -$24K+84.9% | -$157K+89.6% | -$1.5M-525.8% | -$241K+95.8% | -$5.7M |
| Financing Cash Flow | $1.5M+16.4% | $1.3M-48.7% | $2.5M+1449.2% | -$187K-105.8% | $3.2M+371.0% | $683K-82.5% | $3.9M-38.1% | $6.3M |
| Dividends Paid | $0 | N/A | N/A | $9K-96.0% | $212K+54.5% | $137K | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IVP Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -45.6%+15.5pp | -61.1%-5.9pp | -55.2%-0.6pp | -54.5%+4.7pp | -59.3%+4.3pp | -63.6%+5.1pp | -68.7% | N/A |
| Net Margin | -58.5%+12.3pp | -70.8%-4.5pp | -66.4%+10.8pp | -77.1%-6.3pp | -70.8%+38.6pp | -109.5%+81.9pp | -191.4% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -10.5%+4.0pp | -14.6%-2.9pp | -11.7%+3.8pp | -15.4%-0.8pp | -14.6%+4.4pp | -19.0%+18.0pp | -37.0% | N/A |
| Current Ratio | 0.39+0.3 | 0.13-0.3 | 0.39+0.2 | 0.18-0.2 | 0.37+0.2 | 0.18-0.5 | 0.69+0.5 | 0.24 |
| Debt-to-Equity | 2.82-24.1 | 26.96+23.1 | 3.84+8.5 | -4.69-90.4 | 85.70+114.3 | -28.64-35.5 | 6.85+11.8 | -4.93 |
| FCF Margin | -30.7%-9.5pp | -21.3%+17.1pp | -38.3%-41.2pp | 2.9%+71.7pp | -68.8%-48.3pp | -20.6%+47.4pp | -68.0% | N/A |
Note: The current ratio is below 1.0 (0.25), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is INSPIRE VETERINARY PARTNER's annual revenue?
INSPIRE VETERINARY PARTNER (IVP) reported $16.6M in total revenue for fiscal year 2024. This represents a -0.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is INSPIRE VETERINARY PARTNER's revenue growing?
INSPIRE VETERINARY PARTNER (IVP) revenue declined by 0.5% year-over-year, from $16.7M to $16.6M in fiscal year 2024.
Is INSPIRE VETERINARY PARTNER profitable?
No, INSPIRE VETERINARY PARTNER (IVP) reported a net income of -$14.3M in fiscal year 2024, with a net profit margin of -86.0%.
What is INSPIRE VETERINARY PARTNER's EBITDA?
INSPIRE VETERINARY PARTNER (IVP) had EBITDA of -$7.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does INSPIRE VETERINARY PARTNER have?
As of fiscal year 2024, INSPIRE VETERINARY PARTNER (IVP) had $524K in cash and equivalents against $12.0M in long-term debt.
What is INSPIRE VETERINARY PARTNER's operating margin?
INSPIRE VETERINARY PARTNER (IVP) had an operating margin of -54.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is INSPIRE VETERINARY PARTNER's net profit margin?
INSPIRE VETERINARY PARTNER (IVP) had a net profit margin of -86.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is INSPIRE VETERINARY PARTNER's free cash flow?
INSPIRE VETERINARY PARTNER (IVP) generated -$10.2M in free cash flow during fiscal year 2024. This represents a -143.6% 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 INSPIRE VETERINARY PARTNER's operating cash flow?
INSPIRE VETERINARY PARTNER (IVP) generated -$10.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are INSPIRE VETERINARY PARTNER's total assets?
INSPIRE VETERINARY PARTNER (IVP) had $20.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are INSPIRE VETERINARY PARTNER's capital expenditures?
INSPIRE VETERINARY PARTNER (IVP) invested $238K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does INSPIRE VETERINARY PARTNER buy back shares?
Yes, INSPIRE VETERINARY PARTNER (IVP) spent $650K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is INSPIRE VETERINARY PARTNER's current ratio?
INSPIRE VETERINARY PARTNER (IVP) had a current ratio of 0.25 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is INSPIRE VETERINARY PARTNER's debt-to-equity ratio?
INSPIRE VETERINARY PARTNER (IVP) had a debt-to-equity ratio of 7.67 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is INSPIRE VETERINARY PARTNER's return on assets (ROA)?
INSPIRE VETERINARY PARTNER (IVP) had a return on assets of -70.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is INSPIRE VETERINARY PARTNER's cash runway?
Based on fiscal year 2024 data, INSPIRE VETERINARY PARTNER (IVP) had $524K in cash against an annual operating cash burn of $10.0M. This gives an estimated cash runway of approximately 1 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 INSPIRE VETERINARY PARTNER's Piotroski F-Score?
INSPIRE VETERINARY PARTNER (IVP) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are INSPIRE VETERINARY PARTNER's earnings high quality?
INSPIRE VETERINARY PARTNER (IVP) has an earnings quality ratio of 0.70x, 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 INSPIRE VETERINARY PARTNER?
INSPIRE VETERINARY PARTNER (IVP) scores 5 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.