NASDAQ · Financial Statements

InspireMD Inc. (NSPR) Financial Statements

$0.45 NASDAQ: NSPR Market Cap $20.89M

InspireMD Inc. most recently reported annual revenue of $9.0M, a net loss of $49.0M. Revenue grew at an average annual rate of 35.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

InspireMD Inc.: Revenue rose from $2.0M in 2016 to $9.0M in 2025, a change of +350.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -403.8% to -547.0%, a shift of -143.2 percentage points; the most recent year shows a net loss of $49.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.0M$3.0M$4.0M$4.0M$2.0M$4.0M$5.0M$6.0M$7.0M$9.0M
Operating Expenses$10.0M$11.0M$11.0M$14.0M$13.0M$19.0M$24.0M$27.0M$41.0M$58.0M
Operating Profit$-8.0M$-8.0M$-8.0M$-10.0M$-10.0M$-15.0M$-19.0M$-21.0M$-34.0M$-49.0M
Operating Margin-403.8%-298.1%-211.4%-263.8%-417.7%-327.4%-361.9%-340.7%-478.0%-547.0%
Other Income$-1.0M$0$0$0$0$0$0$1.0M$2.0M$0
Interest$1.0M$0$0$0$0$0$0$0$0$0
Depreciation$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-8.0M$-8.0M$-7.0M$-10.0M$-11.0M$-15.0M$-18.0M$-20.0M$-32.0M$-49.0M
Tax$-10,000$-320,000$0$-240,000$-40,000$-300,000$-150,000$-330,000$-180,000$-130,000
Net Profit$-8.0M$-8.0M$-7.0M$-10.0M$-11.0M$-15.0M$-18.0M$-20.0M$-32.0M$-49.0M
EPS$-151089.29$-4265.93$-247.50$-72.00$-6.90$-2.03$-2.35$-0.82$-0.76$-0.76
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$3.0M$3.0M$3.0M$2.0M
Operating Expenses$7.0M$8.0M$9.0M$10.0M$10.0M$11.0M$13.0M$15.0M$16.0M$15.0M$17.0M$16.0M
Operating Profit$-6.0M$-6.0M$-7.0M$-8.0M$-8.0M$-9.0M$-11.0M$-13.0M$-13.0M$-12.0M$-14.0M$-14.0M
Operating Margin-362.4%-329.8%-490.7%-475.0%-467.5%-480.6%-749.5%-732.2%-517.3%-383.7%-411.4%-815.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-5.0M$-5.0M$-7.0M$-8.0M$-8.0M$-9.0M$-11.0M$-13.0M$-13.0M$-12.0M$0$-14.0M
Tax$0$-1.2M$0$0$0$-650,000$0$0$0$-540,000$0$0
Net Profit$-5.0M$-5.0M$-7.0M$-8.0M$-8.0M$-9.0M$-11.0M$-13.0M$-13.0M$-12.0M$0$-14.0M
EPS$-0.15$-0.25$-0.21$-0.22$-0.16$-0.19$-0.22$-0.26$-0.17$-0.14$0.00$-0.19

Over the 10 years reported for InspireMD Inc., borrowings increased from $3.0M in 2016 to $3.0M in 2025, cash stood at $9.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 5.55 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.0M$6.0M$12.0M$10.0M$18.0M$40.0M$25.0M$48.0M$47.0M$69.0M
Current Assets$9.0M$5.0M$11.0M$8.0M$15.0M$37.0M$21.0M$44.0M$41.0M$61.0M
Cash$8.0M$4.0M$9.0M$6.0M$13.0M$12.0M$5.0M$10.0M$19.0M$9.0M
Inventory$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$3.0M$3.0M
Receivables$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$3.0M
Fixed Assets$0$0$0$1.0M$2.0M$2.0M$2.0M$3.0M$5.0M$6.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$22.0M$13.0M$29.0M$16.0M$45.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$5.0M$3.0M$4.0M$4.0M$6.0M$6.0M$7.0M$8.0M$11.0M$14.0M
Current Liabilities$5.0M$2.0M$3.0M$3.0M$4.0M$4.0M$5.0M$6.0M$8.0M$11.0M
Borrowings$3.0M$0$0$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$3.0M
Other Liabilities$3.0M$3.0M$4.0M$3.0M$4.0M$5.0M$6.0M$7.0M$8.0M$11.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$4.0M$3.0M$9.0M$5.0M$12.0M$34.0M$17.0M$40.0M$36.0M$55.0M

For InspireMD Inc., operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $37.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-7.0M$-8.0M$-8.0M$-10.0M$-9.0M$-13.0M$-16.0M$-16.0M$-22.0M$-35.0M
Investing Cash Flow$0$-1.0M$0$-1.0M$0$-23.0M$8.0M$-16.0M$11.0M$-32.0M
Financing Cash Flow$0$0$-3.0M$0$0$0$0$0$17.0M$0
Net Cash Flow$4.0M$-4.0M$6.0M$-4.0M$7.0M$-1.0M$-7.0M$5.0M$9.0M$-10.0M
Free Cash Flow$-8.0M$-8.0M$-8.0M$-10.0M$-9.0M$-14.0M$-16.0M$-17.0M$-23.0M$-37.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.02
EV / EBITDA-0.37
FCF Yield-156.27%
Quick Ratio3.52
Interest Coverage—
Return 1Y-68.70%
Return 3Y-77.14%
Return 5Y-83.33%

InspireMD Inc. (NSPR) financials — frequently asked questions

What is InspireMD Inc.'s annual revenue?

InspireMD Inc. (NSPR) reported annual revenue of $9.0M in its most recent fiscal year.

What is InspireMD Inc.'s net profit?

InspireMD Inc. (NSPR) reported a net loss of $49.0M in its most recent fiscal year.

What is NSPR EV/EBITDA?

InspireMD Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.37. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.