Filing Flows › Inogen (INGN) › Q1 2025
Inogen (INGN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Inogen (INGN) reported revenue of $82.3M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before. Operating margin was -9.3%, net loss $6.2M (7.5% of revenue).
Inogen, Q1 2025: revenue $82.3M (+6% year over year), operating margin -9.3%, net loss $6.2M, operating cash flow −$16.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $82.3M | +3% | +5% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$6.2M | — | — |
| Operating cash flow | −$16.8M | — | — |
What changed
Revenue was $82.3M in Q1 2025, up 5% year over year and up 3% from the previous quarter.
Gross margin was 44.2%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $7.7M, an operating margin of -9.3%. Operating expenses fell 13% while revenue rose 5%. The quarter ended with a net loss of $6.2M, narrower than the previous quarter's $9.8M loss. Non-operating items added $1.4M, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$16.8M. Non-cash charges added back $5.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $18.0M. Capital expenditures of $292K exceeded it, leaving free cash flow of −$17.1M.
Questions
What was Inogen's revenue in the first quarter 2025?
Inogen (INGN) reported revenue of $82.3M for the first quarter 2025 (Q1 2025), +5% from a year earlier and +3% from the quarter before.
Was Inogen profitable in the first quarter 2025?
Operating loss was $7.7M (-9.3% of revenue) and net loss $6.2M.
Source: Inogen 10-Q on SEC EDGAR.