What is Inspirato's operating income?

Inspirato's total operating income in 2024 was -$10.42 million, based on the following breakdown: Total Gross Profit: $119.22 million Total Operating Expenses: $99.75 million

Inspirato (ISPOW) Financials

$0.0072 0.00 (0.00%)

As of 07/15/2026

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Annual Income Statements for Inspirato

This table shows Inspirato's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.54	-22	-24	-52	-5.39
Consolidated Net Income / (Loss)	-0.54	-22	-51	-94	-8.80
Net Income / (Loss) Continuing Operations	-0.54	-22	-51	-94	-8.80
Total Pre-Tax Income	-0.54	-22	-50	-93	-8.21
Total Operating Income	-0.21	-31	-49	-94	-10
Total Gross Profit	65	82	116	54	119
Total Revenue	166	235	346	329	280
Operating Revenue	166	235	346	329	280
Total Cost of Revenue	101	153	228	234	191
Operating Cost of Revenue	101	153	228	234	191
Total Operating Expenses	65	113	165	189	100
Selling, General & Admin Expense	45	77	108	100	81
Marketing Expense	15	28	39	33	30
Research & Development Expense	2.79	4.93	14	11	7.40
Depreciation Expense	2.90	2.62	3.19	3.77	4.04
Impairment Charge	-	0.00	-	41	-30
Restructuring Charge	-	-	0.00	0.00	6.42
Total Other Income / (Expense), net	-0.33	8.43	-1.53	0.78	2.21
Interest & Investment Income	-	-	-0.19	-1.13	-1.62
Other Income / (Expense), net	0.21	-0.46	-1.34	1.91	3.83
Income Tax Expense	0.00	0.00	0.80	0.72	0.60
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-27	-42	-3.41
Basic Earnings per Share	($0.01)	($4.21)	($9.20)	($15.31)	($0.91)
Weighted Average Basic Shares Outstanding	105.54M	5.28M	2.62M	3.38M	5.93M
Diluted Earnings per Share	($0.01)	($4.21)	($9.20)	($15.31)	($0.91)
Weighted Average Diluted Shares Outstanding	105.54M	5.28M	2.62M	3.38M	5.93M
Weighted Average Basic & Diluted Shares Outstanding	-	4.31M	133.11M	15.17M	21.07M

This table shows Inspirato's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-17	-8.79	1.26	-8.71	4.33	-2.28	1.62	-5.31	-4.52
Consolidated Net Income / (Loss)	-25	-16	2.25	-15	6.62	-2.28	1.62	-5.31	-4.52
Net Income / (Loss) Continuing Operations	-25	-16	2.25	-15	6.62	-2.28	1.62	-5.31	-4.52
Total Pre-Tax Income	-25	-16	2.39	-15	6.77	-2.04	1.66	-5.23	-4.44
Total Operating Income	-23	-18	-1.73	-15	7.39	-1.46	1.63	-4.42	-3.64
Total Gross Profit	25	-22	32	16	49	52	26	17	17
Total Revenue	83	71	80	67	69	63	66	63	56
Operating Revenue	83	71	80	67	69	63	66	63	56
Total Cost of Revenue	58	51	49	51	50	41	40	46	38
Operating Cost of Revenue	58	51	49	51	50	41	40	46	38
Total Operating Expenses	48	37	33	31	12	23	24	22	21
Selling, General & Admin Expense	31	19	22	19	25	16	17	15	13
Marketing Expense	9.37	8.50	8.73	8.77	7.21	5.67	5.01	5.33	5.71
Research & Development Expense	2.68	1.97	2.05	2.27	1.73	1.35	1.29	0.92	0.93
Depreciation Expense	1.00	0.78	1.00	1.01	1.01	1.01	1.00	1.02	0.95
Impairment Charge	4.29	-	-	-	-30	-	-	-	0.00
Restructuring Charge	0.00	-	-	-	6.99	-	-	-	0.00
Total Other Income / (Expense), net	-1.47	1.82	4.12	-0.71	-0.62	-0.58	0.03	-0.81	-0.80
Interest & Investment Income	-1.73	-	3.83	-0.37	-0.45	-	-0.47	-0.49	-0.51
Other Income / (Expense), net	0.26	1.75	0.30	-0.33	-0.17	-0.12	0.49	-0.32	-0.28
Income Tax Expense	0.49	-0.19	0.14	0.06	0.15	0.24	0.04	0.09	0.09
Net Income / (Loss) Attributable to Noncontrolling Interest	-8.77	-7.08	0.99	-6.69	2.29	-	0.00	0.00	0.00
Basic Earnings per Share	($4.87)	($2.60)	$0.35	($2.33)	$0.77	($0.39)	$0.14	($0.42)	($0.36)
Weighted Average Basic Shares Outstanding	15.02M	3.38M	15.17M	15.30M	19.44M	5.93M	21.07M	21.09M	21.25M
Diluted Earnings per Share	($4.87)	($2.60)	($0.18)	($2.33)	$0.62	($0.39)	$0.12	($0.42)	($0.36)
Weighted Average Diluted Shares Outstanding	15.02M	3.38M	15.17M	15.30M	19.44M	5.93M	21.07M	21.09M	21.25M
Weighted Average Basic & Diluted Shares Outstanding	15.02M	15.17M	15.17M	15.30M	19.44M	21.07M	21.07M	21.09M	21.25M

This table details how cash moves in and out of Inspirato's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	24	16	-1.01	-40	-7.26
Net Cash From Operating Activities	12	29	-46	-51	-16
Net Cash From Continuing Operating Activities	13	29	-46	-51	-16
Net Income / (Loss) Continuing Operations	0.54	-22	-51	-94	-8.80
Consolidated Net Income / (Loss)	0.54	-22	-51	-94	-8.80
Depreciation Expense	4.63	4.28	5.44	11	11
Amortization Expense	-	0.00	88	88	55
Non-Cash Adjustments To Reconcile Net Income	4.93	-11	13	55	-5.00
Changes in Operating Assets and Liabilities, net	2.56	58	-101	-111	-69
Net Cash From Investing Activities	-3.89	-4.02	-14	-12	-6.01
Net Cash From Continuing Investing Activities	-3.89	-4.02	-14	-12	-6.01
Purchase of Property, Plant & Equipment	-3.89	-4.02	-14	-12	-6.01
Net Cash From Financing Activities	17	-8.79	59	24	15
Net Cash From Continuing Financing Activities	17	-8.79	59	24	15
Repayment of Debt	-21	-0.77	-27	-1.86	-0.45
Repurchase of Common Equity	0.00	-7.26	-24	0.00	0.00
Payment of Dividends	0.00	-0.12	-0.18	0.00	0.00
Issuance of Debt	38	0.00	14	25	0.00
Issuance of Common Equity	0.00	0.00	5.00	0.11	16
Other Financing Activities, net	0.00	-0.15	91	0.60	-0.70

This table details how cash moves in and out of Inspirato's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
Net Change in Cash & Equivalents	5.31	-9.09	-8.98	-3.81	-5.34	11	-5.54	0.31	-2.98
Net Cash From Operating Activities	-16	-5.99	-7.20	-1.77	-14	6.94	-6.63	1.08	-2.21
Net Cash From Continuing Operating Activities	-16	-5.99	-7.20	-1.77	-14	6.94	-6.63	1.08	-2.21
Net Income / (Loss) Continuing Operations	-25	-16	2.25	-15	6.62	-2.28	1.62	-5.31	-4.52
Consolidated Net Income / (Loss)	-25	-16	2.25	-15	6.62	-2.28	1.62	-5.31	-4.52
Depreciation Expense	3.32	3.51	2.63	2.82	3.06	2.77	2.89	2.28	2.50
Amortization Expense	21	24	14	18	13	10	15	15	13
Non-Cash Adjustments To Reconcile Net Income	15	7.36	1.08	4.81	-14	3.51	-3.12	7.51	1.31
Changes in Operating Assets and Liabilities, net	-30	-25	-27	-12	-23	-7.15	-23	-18	-14
Net Cash From Investing Activities	-3.68	-1.39	-1.50	-2.02	-1.31	-1.18	-0.92	-0.83	-0.78
Net Cash From Continuing Investing Activities	-3.68	-1.39	-1.50	-2.02	-1.31	-1.18	-0.92	-0.83	-0.78
Purchase of Property, Plant & Equipment	-3.68	-1.39	-1.50	-2.02	-1.31	-1.18	-0.92	-0.83	-0.78

This table presents Inspirato's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	178	146	430	331	274
Total Current Assets	1.75	115	117	75	58
Cash & Equivalents	1.24	80	80	37	22
Restricted Cash	-	2.72	1.66	5.70	13
Accounts Receivable	-	2.78	3.80	4.15	4.65
Prepaid Expenses	0.51	28	31	27	17
Other Current Assets	-	0.76	0.30	1.74	1.95
Plant, Property, & Equipment, net	0.00	8.70	18	20	14
Total Noncurrent Assets	176	22	295	236	201
Goodwill	-	21	21	21	21
Other Noncurrent Operating Assets	176	1.07	274	215	180
Total Liabilities & Shareholders' Equity	178	146	430	331	274
Total Liabilities	23	252	505	485	404
Total Current Liabilities	0.45	230	278	245	212
Accounts Payable	0.30	33	36	23	23
Current Deferred Revenue	-	177	168	160	135
Other Current Liabilities	-	0.00	74	62	53
Total Noncurrent Liabilities	23	22	227	240	192
Long-Term Debt	-	-	0.00	24	22
Noncurrent Deferred Revenue	-	22	18	17	36
Other Noncurrent Operating Liabilities	23	0.55	209	199	133
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-21	-190	-75	-155	-130
Total Preferred & Common Equity	-21	-190	12	-30	-130
Preferred Stock	0.00	21	-	0.00	0.00
Total Common Equity	-21	-211	12	-30	-130
Common Stock	0.00	0.00	246	256	161
Retained Earnings	-21	-211	-234	-286	-291

This table presents Inspirato's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025
Total Assets	353	313	302	273	270	253	228
Total Current Assets	80	62	59	48	55	51	46
Cash & Equivalents	50	23	19	13	16	17	14
Restricted Cash	1.66	11	11	11	13	13	13
Accounts Receivable	2.12	3.28	4.16	3.37	3.13	3.45	2.94
Prepaid Expenses	25	23	23	18	21	16	15
Other Current Assets	1.78	1.77	1.86	1.89	1.80	1.61	1.42
Plant, Property, & Equipment, net	20	18	18	16	12	11	9.85
Total Noncurrent Assets	254	233	225	210	203	191	173
Goodwill	21	21	21	21	21	21	21
Other Noncurrent Operating Assets	232	212	204	188	182	170	151
Total Liabilities & Shareholders' Equity	353	313	302	273	270	253	228
Total Liabilities	495	463	464	408	395	382	362
Total Current Liabilities	244	228	231	217	200	193	193
Accounts Payable	26	22	21	26	24	25	26
Current Deferred Revenue	153	143	149	136	121	116	118
Other Current Liabilities	65	63	61	55	55	52	50
Total Noncurrent Liabilities	251	235	234	190	195	189	169
Long-Term Debt	25	20	21	22	22	23	24
Noncurrent Deferred Revenue	19	20	24	28	38	39	35
Other Noncurrent Operating Liabilities	207	195	188	141	134	127	110
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-142	-150	-163	-135	-125	-130	-134
Total Preferred & Common Equity	-24	-27	-35	-135	-125	-130	-134
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-24	-27	-35	-135	-125	-130	-134
Common Stock	253	257	258	154	164	165	165
Retained Earnings	-277	-285	-293	-289	-290	-295	-299

This table displays calculated financial ratios and metrics derived from Inspirato's official financial filings.

Metric	2020	2021	2022	2023	2024
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
DEI Shares Outstanding	0.00	43,125,000.00	132,695,051.00	15,024,561.00	19,440,058.00
DEI Adjusted Shares Outstanding	0.00	2,156,250.00	6,634,753.00	15,024,561.00	19,440,058.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-10.30	-3.63	-3.44	-0.28
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	41.76%	47.19%	-4.76%	-14.96%
EBITDA Growth	0.00%	-678.90%	261.93%	-85.79%	873.01%
EBIT Growth	0.00%	-1,555,150.00%	-61.07%	-83.66%	92.83%
NOPAT Growth	0.00%	-14,355.19%	-59.09%	-92.63%	88.90%
Net Income Growth	0.00%	-4,014.44%	-129.91%	-83.75%	90.62%
EPS Growth	0.00%	-4,014.44%	-129.91%	-66.41%	94.06%
Operating Cash Flow Growth	0.00%	148.34%	-258.89%	-12.48%	69.31%
Free Cash Flow Firm Growth	0.00%	0.00%	-117.31%	7.00%	23.56%
Invested Capital Growth	0.00%	-214.92%	10.88%	-10.31%	17.67%
Revenue Q/Q Growth	0.00%	0.00%	5.58%	-4.61%	-2.64%
EBITDA Q/Q Growth	0.00%	0.00%	209.99%	268.92%	-0.50%
EBIT Q/Q Growth	0.00%	0.00%	-13.43%	-1.91%	68.81%
NOPAT Q/Q Growth	0.00%	0.00%	-17.24%	-2.44%	61.16%
Net Income Q/Q Growth	0.00%	0.00%	-13.23%	-1.37%	60.67%
EPS Q/Q Growth	0.00%	0.00%	-13.23%	-363.94%	-49.18%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-20.62%	-20.04%	45.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-13.19%	23.67%
Invested Capital Q/Q Growth	0.00%	0.00%	-6.37%	-3.09%	-3.97%
Profitability Metrics	-	-	-	-	-
Gross Margin	39.25%	34.93%	33.63%	16.50%	42.60%
EBITDA Margin	2.80%	-11.43%	12.57%	1.88%	21.46%
Operating Margin	-0.13%	-13.05%	-14.11%	-28.54%	-3.72%
EBIT Margin	0.00%	-13.25%	-14.50%	-27.96%	-2.36%
Profit (Net Income) Margin	-0.33%	-9.46%	-14.78%	-28.52%	-3.15%
Tax Burden Percent	100.00%	100.00%	101.59%	100.77%	107.25%
Interest Burden Percent	-27,000.00%	71.44%	100.38%	101.23%	124.49%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.10%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	31.43%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-0.25%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-0.35%	-92.44%	56.32%	81.73%	6.19%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-19.23%	-17.39%	-24.18%	-2.18%
Return on Assets (ROA)	-0.30%	-13.74%	-17.73%	-24.66%	-2.91%
Return on Common Equity (ROCE)	0.05%	447.33%	61.92%	6.59%	3.48%
Return on Equity Simple (ROE_SIMPLE)	2.52%	11.71%	-435.36%	310.36%	6.78%
Net Operating Profit after Tax (NOPAT)	-0.15	-21	-34	-66	-7.30
NOPAT Margin	-0.09%	-9.14%	-9.88%	-19.98%	-2.61%
Net Nonoperating Expense Percent (NNEP)	-31.52%	-2.16%	-22.36%	-56.04%	-9.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	45.51%	50.24%	6.79%
Cost of Revenue to Revenue	60.75%	65.07%	66.10%	71.09%	68.08%
SG&A Expenses to Revenue	27.03%	32.84%	31.31%	30.46%	29.09%
R&D to Revenue	1.68%	2.10%	4.12%	3.44%	2.64%
Operating Expenses to Revenue	39.38%	47.99%	47.74%	57.45%	35.64%
Earnings before Interest and Taxes (EBIT)	0.00	-31	-50	-92	-6.59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.63	-27	43	6.17	60
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	119.42	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.91	14.84	4.06	0.04	0.13
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.12	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.96	14.99	3.57	0.00	0.08
Enterprise Value to EBITDA (EV/EBITDA)	70.07	0.00	28.37	0.00	0.39
Enterprise Value to EBIT (EV/EBIT)	162,353.89	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	28.04	122.40	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	11.43	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	0.00	-0.12	0.00	-0.15	-0.17
Long-Term Debt to Equity	0.00	0.00	0.00	-0.15	-0.17
Financial Leverage	-0.01	-1.48	0.84	0.44	0.11
Leverage Ratio	1.15	6.73	-3.18	-3.31	-2.12
Compound Leverage Factor	-310.59	4.81	-3.19	-3.35	-2.65
Debt to Total Capital	0.00%	-14.24%	0.00%	-18.23%	-20.77%
Short-Term Debt to Total Capital	0.00%	-14.24%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	-18.23%	-20.77%
Preferred Equity to Total Capital	0.00%	-23.06%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	113.90%	-89.42%	115.65%	95.12%	0.00%
Common Equity to Total Capital	-13.90%	226.72%	-15.65%	23.11%	120.77%
Debt to EBITDA	0.00	-0.49	0.00	3.86	0.37
Net Debt to EBITDA	0.00	2.60	0.00	-2.98	-0.21
Long-Term Debt to EBITDA	0.00	0.00	0.00	3.86	0.37
Debt to NOPAT	0.00	-0.62	0.00	-0.36	-3.06
Net Debt to NOPAT	0.00	3.25	0.00	0.28	1.74
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.36	-3.06
Altman Z-Score	4.65	6.22	0.87	-1.73	-1.17
Noncontrolling Interest Sharing Ratio	113.90%	583.93%	-9.94%	91.94%	43.74%
Liquidity Ratios	-	-	-	-	-
Current Ratio	3.89	0.50	0.42	0.31	0.28
Quick Ratio	2.76	0.36	0.30	0.17	0.13
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	308	-53	-50	-38
Operating Cash Flow to CapEx	297.51%	716.01%	-320.18%	-423.89%	-262.35%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	21.36	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	14.18	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.93	1.45	1.20	0.86	0.93
Accounts Receivable Turnover	0.00	0.00	105.06	82.78	63.62
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	25.60	17.41	16.67
Accounts Payable Turnover	339.04	9.14	6.60	7.95	8.33
Days Sales Outstanding (DSO)	0.00	0.00	3.47	4.41	5.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	1.08	39.95	55.31	45.90	43.84
Cash Conversion Cycle (CCC)	-1.08	-39.95	-51.84	-41.49	-38.10
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	153	-176	-157	-173	-143
Invested Capital Turnover	1.08	-20.54	-2.08	-1.99	-1.77
Increase / (Decrease) in Invested Capital	0.00	-329	19	-16	31
Enterprise Value (EV)	325	3,520	1,233	-130	23
Market Capitalization	150	3,485	1,401	13	36
Book Value per Share	($0.20)	($9.79)	$0.09	($2.01)	($6.68)
Tangible Book Value per Share	($0.20)	($10.78)	($0.07)	($3.43)	($7.77)
Total Capital	154	-93	-75	-131	-108
Total Debt	0.00	13	0.00	24	22
Total Long-Term Debt	0.00	0.00	0.00	24	22
Net Debt	-1.24	-70	-82	-18	-13
Capital Expenditures (CapEx)	3.89	4.02	14	12	6.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.06	-185	-243	-213	-188
Debt-free Net Working Capital (DFNWC)	1.30	-102	-161	-170	-153
Net Working Capital (NWC)	1.30	-115	-161	-170	-153
Net Nonoperating Expense (NNE)	0.39	0.77	17	28	1.51
Net Nonoperating Obligations (NNO)	-1.24	-70	-82	-18	-13
Total Depreciation and Amortization (D&A)	4.63	4.28	94	98	67
Debt-free, Cash-free Net Working Capital to Revenue	0.04%	-78.65%	-70.38%	-64.61%	-67.35%
Debt-free Net Working Capital to Revenue	0.79%	-43.31%	-46.66%	-51.76%	-54.84%
Net Working Capital to Revenue	0.79%	-48.96%	-46.66%	-51.76%	-54.84%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($9.20)	($9.20)	($15.31)	($0.91)
Adjusted Weighted Average Basic Shares Outstanding	0.00	1.08M	5.23M	3.38M	5.93M
Adjusted Diluted Earnings per Share	$0.00	($9.20)	($9.20)	($15.31)	($0.91)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	1.08M	5.23M	3.38M	5.93M
Adjusted Basic & Diluted Earnings per Share	$0.00	($9.20)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	1.08M	6.66M	15.17M	21.07M
Normalized Net Operating Profit after Tax (NOPAT)	-0.15	-21	-34	-37	-24
Normalized NOPAT Margin	-0.09%	-9.14%	-9.88%	-11.29%	-8.48%
Pre Tax Income Margin	-0.33%	-9.46%	-14.55%	-28.30%	-2.93%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-0.27	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-7.18	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-7.45	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.54%	-0.36%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-33.21%	-47.15%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Inspirato's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025
DEI Shares Outstanding	135,250,502.00	15,024,561.00	15,171,795.00	15,171,795.00	15,301,154.00	19,440,058.00	21,065,369.00	21,065,369.00	21,094,733.00
DEI Adjusted Shares Outstanding	6,762,525.00	15,024,561.00	15,171,795.00	15,171,795.00	15,301,154.00	19,440,058.00	21,065,369.00	21,065,369.00	21,094,733.00
DEI Earnings Per Adjusted Shares Outstanding	-2.46	-0.58	0.08	-0.57	0.28	-0.12	0.08	-0.25	-0.21
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	-11.31%	-18.37%	-12.49%	-19.87%	-16.32%	-10.74%	-17.89%	-6.34%	-19.64%
EBITDA Growth	-93.04%	63.35%	-29.03%	119.72%	1,932.85%	-2.59%	28.62%	121.39%	-51.76%
EBIT Growth	-223.33%	-11.96%	75.36%	68.07%	131.15%	90.24%	248.29%	68.34%	-154.28%
NOPAT Growth	-110.62%	-14.28%	58.97%	68.82%	144.01%	91.85%	198.19%	69.79%	-135.25%
Net Income Growth	-250.55%	-8.72%	138.10%	67.02%	126.05%	85.61%	-27.88%	65.48%	-168.27%
EPS Growth	-250.55%	-3.17%	80.00%	66.52%	112.73%	85.00%	166.67%	81.97%	-158.06%
Operating Cash Flow Growth	26.39%	-331.20%	59.05%	84.92%	14.62%	215.95%	7.98%	161.23%	83.96%
Free Cash Flow Firm Growth	-98.63%	112.20%	142.07%	75.68%	-694.92%	-960.64%	-247.57%	-366.98%	87.56%
Invested Capital Growth	-13.82%	-10.31%	-15.10%	-1.25%	18.37%	17.67%	18.86%	20.36%	0.29%
Revenue Q/Q Growth	-1.78%	-14.39%	13.48%	-16.03%	2.57%	-8.68%	4.40%	-4.22%	-11.99%
EBITDA Q/Q Growth	104.15%	892.39%	31.81%	-63.71%	328.26%	-52.44%	74.03%	-37.54%	-6.68%
EBIT Q/Q Growth	50.50%	30.51%	91.11%	-944.24%	148.30%	-121.77%	235.09%	-322.96%	17.20%
NOPAT Q/Q Growth	50.00%	23.84%	87.02%	-530.60%	170.58%	-114.11%	256.35%	-293.98%	17.63%
Net Income Q/Q Growth	45.53%	37.61%	114.18%	-784.44%	143.02%	-134.46%	171.08%	-427.56%	14.91%
EPS Q/Q Growth	45.53%	46.61%	93.08%	-1,194.44%	126.61%	-162.90%	130.77%	-450.00%	14.29%
Operating Cash Flow Q/Q Growth	-37.33%	62.80%	-20.27%	75.47%	-677.82%	150.52%	-195.45%	116.33%	-303.79%
Free Cash Flow Firm Q/Q Growth	111.89%	-7.49%	437.75%	-141.12%	-190.79%	-33.83%	7.79%	-30.13%	92.25%
Invested Capital Q/Q Growth	0.61%	-3.09%	5.87%	-4.98%	19.87%	-3.97%	7.23%	-3.04%	-0.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	30.11%	-30.52%	39.53%	24.01%	71.46%	82.11%	38.77%	27.53%	31.37%
EBITDA Margin	1.42%	16.41%	19.06%	8.24%	34.38%	17.91%	29.85%	19.47%	20.64%
Operating Margin	-28.41%	-25.27%	-2.15%	-21.71%	10.70%	-2.31%	2.48%	-7.00%	-6.55%
EBIT Margin	-28.09%	-22.80%	-1.79%	-22.21%	10.46%	-2.49%	3.23%	-7.51%	-7.06%
Profit (Net Income) Margin	-30.78%	-22.43%	2.80%	-22.84%	9.58%	-3.62%	2.46%	-8.42%	-8.14%
Tax Burden Percent	101.97%	98.83%	93.98%	100.37%	97.77%	111.97%	97.77%	101.66%	101.92%
Interest Burden Percent	107.46%	99.57%	-166.99%	102.49%	93.72%	129.56%	78.07%	110.30%	113.08%
Effective Tax Rate	0.00%	0.00%	6.02%	0.00%	2.23%	0.00%	2.23%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	90.18%	81.73%	74.58%	38.13%	16.21%	6.19%	6.86%	-0.44%	7.82%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-25.47%	-19.72%	-1.58%	-20.04%	9.59%	-2.31%	2.94%	-7.08%	-6.97%
Return on Assets (ROA)	-27.91%	-19.40%	2.48%	-20.61%	8.79%	-3.35%	2.24%	-7.94%	-8.04%
Return on Common Equity (ROCE)	2.94%	6.59%	6.20%	6.30%	9.32%	3.48%	3.81%	-0.25%	7.82%
Return on Equity Simple (ROE_SIMPLE)	384.07%	0.00%	312.02%	0.00%	0.00%	0.00%	7.54%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-16	-13	-1.62	-10	7.23	-1.02	1.59	-3.09	-2.55
NOPAT Margin	-19.88%	-17.69%	-2.02%	-15.20%	10.46%	-1.62%	2.42%	-4.90%	-4.59%
Net Nonoperating Expense Percent (NNEP)	-16.35%	-6.68%	10.37%	-18.89%	-4.20%	-8.12%	0.27%	-29.52%	-75.84%
Return On Investment Capital (ROIC_SIMPLE)	-	9.56%	1.25%	7.23%	-6.40%	0.95%	-1.55%	2.91%	2.32%
Cost of Revenue to Revenue	69.89%	72.75%	60.47%	75.99%	71.79%	65.25%	61.23%	72.47%	68.63%
SG&A Expenses to Revenue	37.53%	27.43%	27.01%	27.84%	36.26%	25.23%	25.22%	23.03%	24.27%
R&D to Revenue	3.24%	2.78%	2.55%	3.36%	2.50%	2.14%	1.95%	1.45%	1.67%
Operating Expenses to Revenue	58.52%	52.52%	41.68%	45.73%	17.51%	37.06%	36.29%	34.53%	37.92%
Earnings before Interest and Taxes (EBIT)	-23	-16	-1.43	-15	7.23	-1.57	2.13	-4.74	-3.92
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.17	12	15	5.55	24	11	20	12	11
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.33	0.04	0.05	0.04	0.05	0.13	0.19	0.16	0.10
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.91	0.00	0.00	0.00	0.05	0.08	0.17	0.14	0.09
Enterprise Value to EBITDA (EV/EBITDA)	394.66	0.00	0.00	0.00	0.23	0.39	0.69	0.50	0.39
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.99	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.51	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	-0.18	-0.15	-0.13	-0.13	-0.16	-0.17	-0.18	-0.18	-0.18
Long-Term Debt to Equity	-0.18	-0.15	-0.13	-0.13	-0.16	-0.17	-0.18	-0.18	-0.18
Financial Leverage	0.54	0.44	0.33	0.19	0.10	0.11	0.07	0.05	0.02
Leverage Ratio	-3.71	-3.31	-3.13	-2.34	-2.27	-2.12	-2.12	-1.90	-1.87
Compound Leverage Factor	-3.98	-3.30	5.23	-2.39	-2.13	-2.75	-1.66	-2.09	-2.11
Debt to Total Capital	-21.45%	-18.23%	-15.56%	-14.82%	-19.16%	-20.77%	-21.80%	-21.81%	-21.91%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	-21.45%	-18.23%	-15.56%	-14.82%	-19.16%	-20.77%	-21.80%	-21.81%	-21.91%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	100.77%	95.12%	94.38%	89.95%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	20.68%	23.11%	21.18%	24.88%	119.16%	120.77%	121.80%	121.81%	121.91%
Debt to EBITDA	14.94	3.86	-243.08	0.62	0.39	0.37	0.35	0.33	0.41
Net Debt to EBITDA	-15.75	-2.98	157.95	-0.25	-0.04	-0.21	-0.11	-0.09	-0.05
Long-Term Debt to EBITDA	14.94	3.86	-243.08	0.62	0.39	0.37	0.35	0.33	0.41
Debt to NOPAT	-0.39	-0.36	-0.32	-0.52	-1.15	-3.06	-4.53	13.28	-4.36
Net Debt to NOPAT	0.41	0.28	0.21	0.21	0.13	1.74	1.43	-3.74	0.49
Long-Term Debt to NOPAT	-0.39	-0.36	-0.32	-0.52	-1.15	-3.06	-4.53	13.28	-4.36
Altman Z-Score	0.08	-0.98	-0.89	-1.19	-1.06	-1.10	-1.06	-1.27	-1.54
Noncontrolling Interest Sharing Ratio	96.74%	91.94%	91.69%	83.46%	42.54%	43.74%	44.50%	43.57%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.33	0.31	0.27	0.26	0.22	0.28	0.28	0.26	0.24
Quick Ratio	0.21	0.17	0.11	0.10	0.08	0.13	0.10	0.10	0.09
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	3.97	3.67	20	-8.12	-24	-32	-29	-38	-2.94
Operating Cash Flow to CapEx	-438.01%	-429.86%	-479.49%	-87.30%	-1,051.57%	589.39%	-724.26%	129.74%	-283.78%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.91	0.86	0.88	0.90	0.92	0.93	0.91	0.94	0.99
Accounts Receivable Turnover	143.67	82.78	65.72	76.33	104.83	63.62	82.86	68.67	78.48
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	19.89	17.41	17.24	16.52	16.17	16.67	17.43	18.30	19.26
Accounts Payable Turnover	8.57	7.95	8.26	8.06	7.70	8.33	7.94	7.71	6.36
Days Sales Outstanding (DSO)	2.54	4.41	5.55	4.78	3.48	5.74	4.40	5.32	4.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	42.61	45.90	44.21	45.28	47.42	43.84	45.95	47.33	57.41
Cash Conversion Cycle (CCC)	-40.07	-41.49	-38.66	-40.50	-43.94	-38.10	-41.55	-42.02	-52.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	-168	-173	-163	-171	-137	-143	-132	-136	-137
Invested Capital Turnover	-2.19	-1.99	-2.09	-1.77	-1.89	-1.77	-1.80	-1.70	-1.81
Increase / (Decrease) in Invested Capital	-20	-16	-21	-2.12	31	31	31	35	0.39
Enterprise Value (EV)	660	-130	-121	-123	13	23	44	36	23
Market Capitalization	804	13	15	13	15	36	52	42	26
Book Value per Share	($0.18)	($2.01)	($1.81)	($2.32)	($8.80)	($6.68)	($5.94)	($6.16)	($6.35)
Tangible Book Value per Share	($0.34)	($3.43)	($3.21)	($3.72)	($10.18)	($7.77)	($6.95)	($7.16)	($7.36)
Total Capital	-117	-131	-130	-142	-113	-108	-103	-106	-110
Total Debt	25	24	20	21	22	22	22	23	24
Total Long-Term Debt	25	24	20	21	22	22	22	23	24
Net Debt	-26	-18	-13	-8.49	-2.50	-13	-7.06	-6.54	-2.71
Capital Expenditures (CapEx)	3.68	1.39	1.50	2.02	1.31	1.18	0.92	0.83	0.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-215	-213	-199	-201	-194	-188	-174	-172	-174
Debt-free Net Working Capital (DFNWC)	-164	-170	-166	-172	-170	-153	-145	-143	-147
Net Working Capital (NWC)	-164	-170	-166	-172	-170	-153	-145	-143	-147
Net Nonoperating Expense (NNE)	9.00	3.35	-3.87	5.15	0.61	1.26	-0.03	2.22	1.97
Net Nonoperating Obligations (NNO)	-26	-18	-13	-8.49	-2.50	-13	-7.06	-6.54	-2.71
Total Depreciation and Amortization (D&A)	24	28	17	21	17	13	18	17	15
Debt-free, Cash-free Net Working Capital to Revenue	-62.34%	-64.61%	-62.77%	-66.84%	-67.40%	-67.35%	-65.71%	-66.01%	-70.37%
Debt-free Net Working Capital to Revenue	-47.46%	-51.76%	-52.29%	-57.05%	-59.00%	-54.84%	-54.61%	-54.61%	-59.55%
Net Working Capital to Revenue	-47.46%	-51.76%	-52.29%	-57.05%	-59.00%	-54.84%	-54.61%	-54.61%	-59.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.87)	($2.60)	$0.35	($2.33)	$0.77	($0.39)	$0.14	($0.42)	($0.36)
Adjusted Weighted Average Basic Shares Outstanding	3.42M	3.38M	15.17M	15.30M	19.44M	5.93M	21.07M	21.09M	21.25M
Adjusted Diluted Earnings per Share	($4.87)	($2.60)	($0.18)	($2.33)	$0.62	($0.39)	$0.12	($0.42)	($0.36)
Adjusted Weighted Average Diluted Shares Outstanding	3.42M	3.38M	15.17M	15.30M	19.44M	5.93M	21.07M	21.09M	21.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	($2.60)	$0.00	$0.00	$0.00	($0.39)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.02M	15.17M	15.17M	15.30M	19.44M	21.07M	21.07M	21.09M	21.25M
Normalized Net Operating Profit after Tax (NOPAT)	-13	-13	-1.62	-10	-15	-1.02	1.59	-3.09	-2.55
Normalized NOPAT Margin	-16.25%	-17.69%	-2.02%	-15.20%	-21.95%	-1.62%	2.42%	-4.90%	-4.59%
Pre Tax Income Margin	-30.18%	-22.70%	2.98%	-22.76%	9.80%	-3.23%	2.52%	-8.28%	-7.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Inspirato Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Inspirato's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

Inspirato's net income appears to be on an upward trend, with a most recent value of -$8.80 million in 2024, rising from -$540 thousand in 2020. The previous period was -$93.86 million in 2023.

Inspirato's total operating income in 2024 was -$10.42 million, based on the following breakdown:

Total Gross Profit: $119.22 million
Total Operating Expenses: $99.75 million

Over the last 4 years, Inspirato's total revenue changed from $165.59 million in 2020 to $279.86 million in 2024, a change of 69.0%.

Inspirato's total liabilities were at $403.74 million at the end of 2024, a 16.8% decrease from 2023, and a 1,638.6% increase since 2020.

In the past 4 years, Inspirato's cash and equivalents has ranged from $1.24 million in 2020 to $80.28 million in 2022, and is currently $21.85 million as of their latest financial filing in 2024.

Over the last 4 years, Inspirato's book value per share changed from -0.20 in 2020 to -6.68 in 2024, a change of 3,184.0%.

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Financial statements for NASDAQ:ISPOW last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Inspirato (ISPOW) Financials

Financials Breakdown Chart

Inspirato Financials - Frequently Asked Questions

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Inspirato (ISPOW) Financials

Annual Income Statements for Inspirato

Quarterly Income Statements for Inspirato

Annual Cash Flow Statements for Inspirato

Quarterly Cash Flow Statements for Inspirato

Annual Balance Sheets for Inspirato

Quarterly Balance Sheets for Inspirato

Annual Metrics And Ratios for Inspirato

Quarterly Metrics And Ratios for Inspirato

Financials Breakdown Chart

Inspirato Financials - Frequently Asked Questions

When does Inspirato's fiscal year end?

How has Inspirato's net income changed over the last 4 years?

What is Inspirato's operating income?

How has Inspirato's revenue changed over the last 4 years?

How much debt does Inspirato have?

How much cash does Inspirato have?

How has Inspirato's book value per share changed over the last 4 years?

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