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Stocks · Health care · Orthopedic, Prosthetic & Surgical Appliances & Supplies

Inogen Inc

INGN Clue Score31
United States Fiscal year ends December CIK 0001294133
$6.18 +4.04% Close, 9 Oct 2026
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Price $6.18 −85.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 11 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue168.2Operating income22.9Net income20.5EPS, diluted0.97Fiscal year 2017Revenue225.5 +34.1%Operating income27.6Net income21.0 +2.4%EPS, diluted0.96 −1.0%Fiscal year 2018Revenue336.0 +49.0%Operating income37.9Net income51.8 +146.9%EPS, diluted2.30 +139.6%Fiscal year 2019Revenue340.5 +1.3%Operating income19.8Net income21.0 −59.6%EPS, diluted0.94 −59.1%Fiscal year 2020Revenue280.2 −17.7%Operating income−12.0Net income−5.8 −127.8%EPS, diluted−0.27 −128.7%Fiscal year 2021Revenue311.7 +11.3%Operating income9.2Net income−6.3EPS, diluted−0.28Fiscal year 2022Revenue320.5 +2.8%Operating income−85.2Net income−83.8EPS, diluted−3.67Fiscal year 2023Revenue251.6 −21.5%Operating income−109.4Net income−102.4EPS, diluted−4.42Fiscal year 2024Revenue278.8 +10.8%Operating income−42.5Net income−35.9EPS, diluted−1.52Fiscal year 2025Revenue295.3 +5.9%Operating income−30.2Net income−22.7EPS, diluted−0.86
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 168.2 225.5 336.0 340.5 280.2 311.7 320.5 251.6 278.8 295.3
Growth +34.1% +49.0% +1.3% −17.7% +11.3% +2.8% −21.5% +10.8% +5.9%
Operating income 22.9 27.6 37.9 19.8 −12.0 9.2 −85.2 −109.4 −42.5 −30.2
Net income 20.5 21.0 51.8 21.0 −5.8 −6.3 −83.8 −102.4 −35.9 −22.7
Growth +2.4% +146.9% −59.6% −127.8%
EPS, diluted 0.97 0.96 2.30 0.94 −0.27 −0.28 −3.67 −4.42 −1.52 −0.86
Growth −1.0% +139.6% −59.1% −128.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin57.9%Operating margin13.6%Net margin12.2%Free cash flow margin17.4%Fiscal year 2017Gross margin53.8%Operating margin12.2%Net margin9.3%Free cash flow margin25.5%Fiscal year 2018Gross margin53.1%Operating margin11.3%Net margin15.4%Free cash flow margin15.5%Fiscal year 2019Gross margin50.5%Operating margin5.8%Net margin6.2%Free cash flow margin11.0%Fiscal year 2020Gross margin49.3%Operating margin−4.3%Net margin−2.1%Free cash flow margin11.6%Fiscal year 2021Gross margin56.6%Operating margin3.0%Net margin−2.0%Free cash flow margin5.8%Fiscal year 2022Gross margin47.9%Operating margin−26.6%Net margin−26.1%Free cash flow margin−12.7%Fiscal year 2023Gross margin50.4%Operating margin−43.5%Net margin−40.7%Free cash flow margin−3.4%Fiscal year 2024Gross margin55.5%Operating margin−15.3%Net margin−12.9%Free cash flow margin0.9%Fiscal year 2025Gross margin52.2%Operating margin−10.2%Net margin−7.7%Free cash flow margin−4.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 57.9% 53.8% 53.1% 50.5% 49.3% 56.6% 47.9% 50.4% 55.5% 52.2%
Operating margin 13.6% 12.2% 11.3% 5.8% −4.3% 3.0% −26.6% −43.5% −15.3% −10.2%
Net margin 12.2% 9.3% 15.4% 6.2% −2.1% −2.0% −26.1% −40.7% −12.9% −7.7%
Free cash flow margin 17.4% 25.5% 15.5% 11.0% 11.6% 5.8% −12.7% −3.4% 0.9% −4.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow31.0Capital expenditure−1.7Free cash flow29.3Fiscal year 2017Operating cash flow60.5Capital expenditure−2.9Free cash flow57.6 +96.4%Fiscal year 2018Operating cash flow60.0Capital expenditure−8.0Free cash flow51.9 −9.8%Fiscal year 2019Operating cash flow40.6Capital expenditure−3.1Free cash flow37.5 −27.9%Fiscal year 2020Operating cash flow37.0Capital expenditure−4.4Free cash flow32.6 −12.9%Fiscal year 2021Operating cash flow23.6Capital expenditure−5.5Free cash flow18.2 −44.4%Fiscal year 2022Operating cash flow−37.5Capital expenditure−3.3Free cash flow−40.9 −325.2%Fiscal year 2023Operating cash flow−3.2Capital expenditure−5.2Free cash flow−8.5Fiscal year 2024Operating cash flow5.9Capital expenditure−3.4Free cash flow2.6Fiscal year 2025Operating cash flow−11.2Capital expenditure−2.5Free cash flow−13.7 −637.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 31.0 60.5 60.0 40.6 37.0 23.6 −37.5 −3.2 5.9 −11.2
Capital expenditure −1.7 −2.9 −8.0 −3.1 −4.4 −5.5 −3.3 −5.2 −3.4 −2.5
Free cash flow 29.3 57.6 51.9 37.5 32.6 18.2 −40.9 −8.5 2.6 −13.7
Growth +96.4% −9.8% −27.9% −12.9% −44.4% −325.2% −637.9%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash92.9Shareholders’ equity182.1Fiscal year 2017Cash143.0Shareholders’ equity227.0Fiscal year 2018Cash196.6Shareholders’ equity310.4Fiscal year 2019Cash198.0Shareholders’ equity344.6Fiscal year 2020Cash212.0Shareholders’ equity349.6Fiscal year 2021Cash235.5Shareholders’ equity370.2Fiscal year 2022Cash187.0Shareholders’ equity297.4Fiscal year 2023Cash125.5Shareholders’ equity204.8Fiscal year 2024Cash113.8Shareholders’ equity173.9Fiscal year 2025Cash103.7Shareholders’ equity192.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 92.9 143.0 196.6 198.0 212.0 235.5 187.0 125.5 113.8 103.7
Shareholders’ equity 182.1 227.0 310.4 344.6 349.6 370.2 297.4 204.8 173.9 192.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
168.2 225.5 336.0 340.5 280.2 311.7 320.5 251.6 278.8 295.3
Growth +34.1% +49.0% +1.3% −17.7% +11.3% +2.8% −21.5% +10.8% +5.9%
105.5 128.2 179.5 190.1 170.3 181.5 223.7 189.0 181.0 194.4
97.3 121.2 178.6 171.9 138.2 176.5 153.5 126.7 154.7 154.3
Growth +24.6% +47.3% −3.8% −19.6% +27.7% −13.0% −17.5% +22.1% −0.3%
5.1 5.3 7.0 9.4 14.1 16.6 21.9 20.8 21.6 19.4
31.8 37.6 38.0 37.1 38.6 37.9 43.9 75.3 72.6 67.4
22.9 27.6 37.9 19.8 −12.0 9.2 −85.2 −109.4 −42.5 −30.2
Growth +20.7% +37.3% −47.8% −160.8% −1,022.5%
22.7 29.7 40.5 24.3 −5.3 8.7 −83.3 −102.3 −36.5 −23.4
2.2 8.7 −11.4 3.3 0.5 15.0 0.5 0.1 −0.6 −0.6
20.5 21.0 51.8 21.0 −5.8 −6.3 −83.8 −102.4 −35.9 −22.7
Growth +2.4% +146.9% −59.6% −127.8%
Per share
1.02 1.02 2.44 0.96 −0.27 −0.28 −3.67 −4.42 −1.52 −0.86
0.97 0.96 2.30 0.94 −0.27 −0.28 −3.67 −4.42 −1.52 −0.86
Growth −1.0% +139.6% −59.1% −128.7%
20.1 20.7 21.3 21.8 22.0 22.5 22.9 23.2 23.7 26.6
21.1 21.9 22.5 22.2 22.0 22.5 22.9 23.2 23.7 26.6
Growth +3.8% +2.8% −1.2% −1.2% +2.3% +1.6% +1.4% +2.1% +12.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 1.1% a year over five years.
  • The diluted share count rose 21.0% in five years, which is dilution.
  • Operating margin is down 5.9 points on five years ago, at -10.2%.
  • A net loss in 6 of 10 years on file.