NASDAQ : INGN
Inogen, Inc. — Financial statements
Healthcare · Medical Devices · United States
Last price 6.86 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 182.05M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Inogen, Inc. (INGN) reported revenue of 354.30M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 354.30M | 348.67M | 335.70M | 315.66M | 377.24M | 358.00M |
| Cost of Revenue | 196.62M | 194.40M | 180.96M | 188.96M | 223.71M | 181.52M |
| Gross Profit | 157.69M | 154.26M | 154.74M | 126.70M | 153.53M | 176.48M |
| Selling, General & Admin | 164.50M | 163.29M | 171.86M | 169.69M | 180.06M | 162.26M |
| Research & Development | 21.12M | 19.40M | 21.61M | 20.84M | 21.94M | 16.58M |
| Operating Expenses | 185.63M | 182.69M | 193.47M | 190.53M | 202.00M | 178.84M |
| Operating Income | -27.94M | -28.42M | -38.73M | -63.83M | -48.47M | -2.36M |
| Interest & Investment Income | 3.97M | 4.38M | 5.19M | 6.57M | 2.84M | 129.00K |
| Currency Exchange Gain (Loss) | 1.30M | 1.30M | -200.00K | 200.00K | -800.00K | -700.00K |
| Other Non Operating Income (Expenses) | 275.00K | 1.14M | 1.05M | 268.00K | -62.00K | -10.00K |
| EBT Excluding Unusual Items | -22.39M | -21.59M | -32.69M | -56.79M | -46.49M | -2.94M |
| Merger & Restructuring Charges | -1.13M | -784.00K | -5.84M | |||
| Impairment of Goodwill | -32.89M | |||||
| Gain (Loss) on Sale of Assets | -52.16M | |||||
| Legal Settlements | -1.78M | -1.78M | ||||
| Other Unusual Items | -3.00M | -6.82M | 15.39M | 11.60M | ||
| Pretax Income | -25.30M | -23.38M | -36.48M | -102.34M | -83.27M | 8.66M |
| Income Tax Expense | -710.00K | -632.00K | -588.00K | 105.00K | 504.00K | 14.99M |
| Net Income | -24.59M | -22.75M | -35.89M | -102.45M | -83.77M | -6.33M |
| Net Income to Common | -24.59M | -22.75M | -35.89M | -102.45M | -83.77M | -6.33M |
| Shares Outstanding (Basic) | 27.16M | 26.60M | 23.65M | 23.18M | 22.85M | 22.49M |
| Shares Outstanding (Diluted) | 27.16M | 26.60M | 23.65M | 23.18M | 22.85M | 22.49M |
| EPS (Basic) | -0.91 | -0.86 | -1.52 | -4.42 | -3.67 | -0.28 |
| EPS (Diluted) | -0.91 | -0.86 | -1.52 | -4.42 | -3.67 | -0.28 |
| Free Cash Flow | -9.69M | -21.60M | -9.09M | -29.75M | -58.75M | -302.00K |
| Free Cash Flow Per Share | -0.36 | -0.81 | -0.38 | -1.28 | -2.57 | -0.01 |
| Gross Margin | 44.51% | 44.24% | 46.09% | 40.14% | 40.70% | 49.30% |
| Operating Margin | -7.89% | -8.15% | -11.54% | -20.22% | -12.85% | -0.66% |
| Profit Margin | -6.94% | -6.52% | -10.69% | -32.45% | -22.21% | -1.77% |
| Free Cash Flow Margin | -2.73% | -6.19% | -2.71% | -9.43% | -15.57% | -0.08% |
| EBITDA | -8.09M | -7.76M | -17.73M | -45.68M | -24.95M | 19.27M |
| EBITDA Margin | -2.28% | -2.23% | -5.28% | -14.47% | -6.62% | 5.38% |
| D&A For EBITDA | 19.86M | 20.66M | 21.00M | 18.15M | 23.51M | 21.63M |
| EBIT | -27.94M | -28.42M | -38.73M | -63.83M | -48.47M | -2.36M |
| EBIT Margin | -7.89% | -8.15% | -11.54% | -20.22% | -12.85% | -0.66% |
| Effective Tax Rate | 173.14% | |||||
| Revenue as Reported | 354.30M | 348.67M | 335.70M | 315.66M | 377.24M | 358.00M |
| Advertising Expenses | 29.14M | 32.18M | 27.12M | 33.27M | 35.18M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 87.28M | 103.73M | 113.80M | 125.49M | 187.01M | 235.52M |
| Short-Term Investments | 18.26M | 15.85M | 2.98M | 9.99M | ||
| Cash & Short-Term Investments | 105.54M | 119.58M | 113.80M | 128.47M | 187.01M | 245.51M |
| Accounts Receivable | 46.16M | 38.86M | 29.56M | 42.24M | 62.73M | 24.45M |
| Other Receivables | 1.47M | 1.75M | 669.00K | 1.63M | 1.34M | |
| Receivables | 46.16M | 40.34M | 31.31M | 42.91M | 64.35M | 25.80M |
| Inventory | 28.63M | 25.97M | 24.81M | 21.84M | 34.09M | 31.87M |
| Prepaid Expenses | 12.24M | 11.13M | 11.91M | 13.85M | 19.19M | 26.00M |
| Restricted Cash | 1.30M | 1.29M | 3.62M | |||
| Other Current Assets | 266.00K | |||||
| Total Current Assets | 194.14M | 198.30M | 185.45M | 207.07M | 304.64M | 329.19M |
| Property, Plant & Equipment | 46.70M | 52.86M | 62.70M | 70.65M | 64.92M | 63.84M |
| Goodwill | 10.39M | 10.70M | 9.46M | 10.06M | 32.85M | 32.98M |
| Other Intangible Assets | 27.45M | 30.76M | 30.49M | 34.59M | 177.00K | 60.15M |
| Other Long-Term Assets | 6.90M | 6.00M | 8.08M | 3.83M | 2.44M | 3.36M |
| Total Assets | 285.57M | 298.62M | 296.19M | 326.19M | 405.04M | 489.51M |
| Accounts Payable | 25.25M | 20.26M | 16.62M | 13.45M | 18.24M | 10.26M |
| Accrued Expenses | 27.08M | 23.51M | 27.05M | 25.70M | 24.32M | 31.25M |
| Current Portion of Leases | 3.25M | 3.16M | 2.81M | 3.65M | 3.52M | 3.39M |
| Current Income Taxes Payable | 183.00K | 142.00K | 27.00K | 75.00K | ||
| Current Unearned Revenue | 4.72M | 5.50M | 6.65M | 7.98M | 8.88M | 8.57M |
| Other Current Liabilities | 10.55M | 10.92M | 23.41M | 21.68M | 10.40M | 7.97M |
| Total Current Liabilities | 70.86M | 63.53M | 76.69M | 72.50M | 65.35M | 61.51M |
| Long-Term Leases | 12.54M | 14.31M | 16.59M | 18.27M | 19.76M | 23.28M |
| Long-Term Unearned Revenue | 2.86M | 3.60M | 5.75M | 8.23M | 10.40M | 11.86M |
| Long-Term Deferred Tax Liabilities | 6.49M | 6.75M | 6.95M | 8.54M | ||
| Other Long-Term Liabilities | 17.96M | 18.19M | 16.35M | 13.85M | 12.12M | 22.63M |
| Total Liabilities | 110.71M | 106.39M | 122.33M | 121.38M | 107.64M | 119.29M |
| Common Stock | 27.00K | 27.00K | 24.00K | 23.00K | 23.00K | 23.00K |
| Additional Paid-In Capital | 359.52M | 363.55M | 328.17M | 320.51M | 312.13M | 299.46M |
| Retained Earnings | -187.76M | -175.58M | -152.84M | -116.95M | -14.50M | 69.27M |
| Comprehensive Income & Other | 3.08M | 4.24M | -1.50M | 1.23M | -243.00K | 1.47M |
| Shareholders' Equity | 174.86M | 192.23M | 173.86M | 204.81M | 297.41M | 370.23M |
| Total Liabilities & Equity | 285.57M | 298.62M | 296.19M | 326.19M | 405.04M | 489.51M |
| Total Debt | 15.79M | 17.48M | 19.41M | 21.92M | 23.28M | 26.67M |
| Net Cash (Debt) | 89.75M | 102.10M | 94.39M | 106.55M | 163.74M | 218.84M |
| Net Cash Per Share | 3.30 | 3.84 | 3.99 | 4.60 | 7.16 | 9.73 |
| Filing Date Shares Outstanding | 26.54M | 27.23M | 26.53M | 23.33M | 22.97M | 22.74M |
| Total Common Shares Outstanding | 26.73M | 27.23M | 23.90M | 23.32M | 22.94M | 22.73M |
| Working Capital | 123.27M | 134.76M | 108.77M | 134.57M | 239.30M | 267.67M |
| Book Value Per Share | 6.54 | 7.06 | 7.27 | 8.78 | 12.96 | 16.29 |
| Tangible Book Value | 137.02M | 150.77M | 133.90M | 160.16M | 264.38M | 277.10M |
| Tangible Book Value Per Share | 5.13 | 5.54 | 5.60 | 6.87 | 11.52 | 12.19 |
| Land | 125.00K | |||||
| Machinery | 54.69M | 59.40M | 64.01M | 67.80M | 61.68M | 82.88M |
| Construction In Progress | 1.64M | |||||
| Leasehold Improvements | 5.96M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -24.59M | -22.75M | -35.89M | -102.45M | -83.77M | -6.33M |
| Depreciation & Amortization | 19.86M | 20.66M | 21.00M | 18.15M | 23.51M | 21.63M |
| Loss (Gain) From Sale of Assets | 2.87M | 3.27M | 4.37M | 4.42M | 55.10M | 1.46M |
| Asset Writedown & Restructuring Costs | 32.89M | |||||
| Stock-Based Compensation | 7.29M | 8.01M | 7.40M | 7.43M | 12.28M | 10.94M |
| Other Operating Activities | 7.02M | 6.51M | 13.42M | 22.05M | 61.00K | 16.00M |
| Change in Accounts Receivable | -15.33M | -14.62M | -5.19M | 10.14M | -51.34M | -6.13M |
| Change in Inventory | -9.41M | -3.21M | -3.54M | 7.88M | -5.60M | -10.78M |
| Change in Accounts Payable | 5.72M | 5.60M | -3.41M | -9.18M | 6.76M | -6.48M |
| Change in Unearned Revenue | -3.27M | -3.29M | -3.81M | -3.08M | -1.15M | 1.61M |
| Change in Income Taxes | 1.00K | 46.00K | 235.00K | 1.01M | -363.00K | -436.00K |
| Change in Other Net Operating Assets | 7.32M | -11.43M | 11.32M | 7.49M | 6.97M | 2.14M |
| Operating Cash Flow | -2.52M | -11.22M | 5.91M | -3.23M | -37.53M | 23.63M |
| Capital Expenditures | -7.17M | -10.38M | -15.00M | -26.52M | -21.22M | -23.93M |
| Sale of Property, Plant & Equipment | 275.00K | 198.00K | 331.00K | 153.00K | ||
| Cash Acquisitions | -29.63M | |||||
| Sale (Purchase) of Intangibles | -2.09M | -494.00K | -132.00K | |||
| Investment in Securities | 468.00K | -15.83M | 2.84M | -2.87M | 10.01M | 9.27M |
| Investing Cash Flow | -6.71M | -26.21M | -13.97M | -59.31M | -10.88M | -14.64M |
| Issuance of Common Stock | 855.00K | 28.18M | 811.00K | 1.48M | 1.74M | 15.65M |
| Repurchase of Common Stock | -8.37M | -821.00K | -546.00K | -518.00K | -1.35M | -647.00K |
| Other Financing Activities | -3.18M | |||||
| Financing Cash Flow | -7.52M | 24.18M | 265.00K | 960.00K | 380.00K | 15.00M |
| Foreign Exchange Rate Adjustments | 360.00K | 846.00K | -281.00K | 67.00K | -481.00K | -426.00K |
| Net Cash Flow | -16.38M | -12.40M | -8.08M | -61.52M | -48.51M | 23.56M |
| Free Cash Flow | -9.69M | -21.60M | -9.09M | -29.75M | -58.75M | -302.00K |
| Free Cash Flow Margin | -2.73% | -6.19% | -2.71% | -9.43% | -15.57% | -0.08% |
| Free Cash Flow Per Share | -0.36 | -0.81 | -0.38 | -1.28 | -2.57 | -0.01 |
| Levered Free Cash Flow | -1.77M | -20.04M | -928.50K | 4.72M | -45.96M | 1.18M |
| Unlevered Free Cash Flow | -1.77M | -20.04M | -928.50K | 4.72M | -45.96M | 1.18M |
| Cash Income Tax Paid | 320.00K | 320.00K | 375.00K | -703.00K | 499.00K | 1.54M |
| Change in Working Capital | -14.96M | -26.91M | -4.39M | 14.27M | -44.72M | -20.07M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 182.05M | 182.44M | 218.41M | 127.96M | 451.77M | 772.62M |
| Enterprise Value | 92.31M | 77.44M | 117.90M | 12.69M | 266.29M | 555.13M |
| Last Close Price | 6.86 | 6.72 | 9.17 | 5.49 | 19.71 | 34.00 |
| Forward PE | 184.51 | 184.51 | 184.51 | 184.51 | 184.51 | |
| PS Ratio | 0.51 | 0.52 | 0.65 | 0.41 | 1.20 | 2.16 |
| PB Ratio | 1.05 | 0.95 | 1.26 | 0.62 | 1.52 | 2.09 |
| P/TBV Ratio | 1.33 | 1.21 | 1.63 | 0.80 | 1.71 | 2.79 |
| P/OCF Ratio | 36.93 | 32.69 | ||||
| PEG Ratio | 4.42 | 4.42 | 4.42 | 4.42 | 4.42 | |
| EV/Sales Ratio | 0.26 | 0.22 | 0.35 | 0.04 | 0.71 | 1.55 |
| EV/EBITDA Ratio | 28.80 | |||||
| Debt / Equity Ratio | 0.09 | 0.09 | 0.11 | 0.11 | 0.08 | 0.07 |
| Debt / EBITDA Ratio | 1.14 | |||||
| Net Debt / Equity Ratio | -0.51 | -0.53 | -0.54 | -0.52 | -0.55 | -0.59 |
| Net Debt / EBITDA Ratio | 11.10 | 13.15 | 5.32 | 2.33 | 6.56 | -11.36 |
| Net Debt / FCF Ratio | 9.26 | 4.73 | 10.38 | 3.58 | 2.79 | 724.63 |
| Asset Turnover | 1.19 | 1.17 | 1.08 | 0.86 | 0.84 | 0.75 |
| Inventory Turnover | 7.43 | 7.66 | 7.76 | 6.76 | 6.78 | 6.40 |
| Quick Ratio | 2.14 | 2.52 | 1.89 | 2.36 | 3.85 | 4.41 |
| Current Ratio | 2.74 | 3.12 | 2.42 | 2.86 | 4.66 | 5.35 |
| Return on Equity (ROE) | -13.14% | -12.43% | -18.95% | -40.80% | -25.09% | -1.76% |
| Return on Assets (ROA) | -5.84% | -5.97% | -7.78% | -10.91% | -6.77% | -0.31% |
| Return on Invested Capital (ROIC) | -31.97% | -33.52% | -43.58% | -55.04% | -34.01% | 1.23% |
| Return on Capital Employed (ROCE) | -13.00% | -12.10% | -17.60% | -25.20% | -14.30% | -0.60% |
| Earnings Yield | -13.25% | -12.47% | -16.43% | -80.06% | -18.54% | -0.82% |
| FCF Yield | -5.32% | -11.84% | -4.16% | -23.25% | -13.00% | -0.04% |
| Buyback Yield / Dilution | -8.92% | -12.46% | -2.06% | -1.42% | -1.61% | -2.32% |