InspireMD, Inc.
Business
InspireMD is a medical device company developing and commercializing carotid artery stents based on proprietary MicroNet mesh technology to prevent embolic events during and after stenting procedures. Its portfolio includes CGuard EPS, marketed internationally through distributors in over 30 countries, and CGuard Prime, which received FDA premarket approval in June 2025 and is sold in the U.S. through a direct sales force. The company is expanding its product platform with the SwitchGuard neuroprotection system and investigating new clinical applications including acute ischemic stroke treatment, supported by completed and ongoing clinical trials demonstrating safety and efficacy outcomes.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| REVENUES | 9 | 7 | 6 | 5 | 4 | |
| COST OF REVENUES | 6 | 6 | 4 | 4 | 4 | |
| GROSS PROFIT | 3 | 2 | 2 | 1 | 754,000 | |
| Research and development | 15 | 14 | 8 | 8 | 5 | |
| Selling and marketing | 17 | 6 | 4 | 4 | 3 | |
| General and administrative | 21 | 15 | 11 | 8 | 7 | |
| Total operating expenses | 52 | 35 | 23 | 20 | 15 | |
| LOSS FROM OPERATIONS | −50 | −34 | −21 | −19 | −15 | |
| FINANCIAL INCOME, net: | 891,000 | 2 | 1 | 250,000 | −157,000 | |
| LOSS BEFORE TAX EXPENSES | −49 | −32 | −20 | −18 | −15 | |
| TAX EXPENSES | 63,000 | 59,000 | 65,000 | 28,000 | 45,000 | |
| NET LOSS | −49 | −32 | −20 | −18 | −15 | |
| NET LOSS PER SHARE - basic | −0.76 | −0.76 | −0.82 | −2.35 | −2.03 | |
| NET LOSS PER SHARE - diluted | −0.76 | −0.76 | −0.82 | −2.35 | — | |
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK USED IN COMPUTING NET LOSS PER SHARE - basic | 64 | 42 | 24 | 8 | 7 | |
| WEIGHTED AVERAGE NUMBER OF COMMON STOCK USED IN COMPUTING NET LOSS PER SHARE - diluted | 64 | 42 | 24 | 8 | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-05-31 | FY 2024 2024-12-31 | FY 2024 2024-10-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 9 | — | 19 | — | 10 | |
| Marketable securities | 45 | — | 16 | — | 29 | |
| Trade, net | 2 | — | 2 | — | 2 | |
| Other | 400,000 | — | 682,000 | — | 648,000 | |
| Prepaid expenses | 1 | — | 1 | — | 578,000 | |
| Inventory | 3 | — | 3 | — | 2 | |
| TOTAL CURRENT ASSETS | 61 | — | 41 | — | 44 | |
| Long term deposit | 442,000 | — | 426,000 | 422,000 | — | |
| Property, plant and equipment, net | 4 | — | 2 | — | 1 | |
| Operating lease right of use assets | 3 | 302,000 | 2 | — | 1 | |
| Fund in respect of employee rights upon retirement | 1 | — | 1 | — | 951,000 | |
| TOTAL NON-CURRENT ASSETS | 8 | — | 6 | — | 3 | |
| TOTAL ASSETS | 69 | — | 47 | — | 48 | |
| Trade | 1 | — | 1 | — | 939,000 | |
| Other | 9 | — | 6 | — | 5 | |
| TOTAL CURRENT LIABILITIES | 11 | — | 8 | — | 6 | |
| Operating lease liabilities net of current maturities | 2 | — | 2 | — | 1 | |
| Liability for employee rights upon retirement and others | 1 | — | 1 | — | 1 | |
| TOTAL LONG-TERM LIABILITIES | 3 | — | 3 | — | 2 | |
| TOTAL LIABILITIES | 14 | — | 11 | — | 8 | |
| COMMITMENTS AND CONTINGENT LIABILITIES | — | — | — | — | — | |
| Common stock, par value $0.0001 per share; 150,000,000 shares authorized at December 31, 2025 and 2024; 43,532,281 and 26,611,033 shares issued and outstanding at December 31, 2025 and 2024, respectively | 4,000 | — | 3,000 | — | 2,000 | |
| Preferred C shares, par value $0.0001 per share; 1,172,000 shares authorized at December 31, 2025 and 2024; 1,718 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | — | — | — | — | |
| Additional paid-in capital | 357 | — | 290 | — | 261 | |
| Accumulated deficit | −302 | — | −254 | — | −222 | |
| Total equity | 55 | — | 36 | — | 40 | |
| Total liabilities and equity | 69 | — | 47 | — | 48 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 476,000 | 280,000 | 232,000 | 188,000 | — | |
| Gain from sale of property, plant and equipment | −14,000 | — | −6,000 | — | −1,000 | |
| Change in fair value of marketable securities, net of interest received | −359,000 | −894,000 | −739,000 | — | — | |
| Change in liability for employees rights upon retirement | 20,000 | 163,000 | 89,000 | −57,000 | — | |
| Other financial income | −133,000 | −51,000 | 58,000 | 131,000 | 8,000 | |
| Change in operating right of use asset and operating leasing liability | 554,000 | −144,000 | 62,000 | −60,000 | −14,000 | |
| Share-based compensation expenses | 12 | 10 | 4 | 2 | 2 | |
| Gain on amounts funded in respect of employee rights upon retirement, net | −299,000 | −91,000 | −16,000 | — | — | |
| Increase in prepaid expenses | −236,000 | −482,000 | 77,000 | 7,000 | −188,000 | |
| Decrease (increase) in trade receivables | −596,000 | 232,000 | −770,000 | 190,000 | −748,000 | |
| Decrease (increase) in other receivables | 282,000 | −34,000 | −435,000 | −48,000 | −19,000 | |
| Increase in inventory | −826,000 | −464,000 | −485,000 | −478,000 | 272,000 | |
| Increase in trade payables | 1,000 | 315,000 | 280,000 | −234,000 | 657,000 | |
| Increase in other payables | 2 | 1 | 532,000 | 958,000 | −35,000 | |
| Net cash used in operating activities | −35 | −22 | −16 | −16 | −13 | |
| Purchase of property, plant and equipment | −2 | −1 | −381,000 | −473,000 | −344,000 | |
| Proceeds from sale of property, plant and equipment | 15,000 | — | 12,000 | — | — | |
| Investment in long-term deposit | — | −426,000 | — | — | — | |
| Investments in marketable securities | −57 | −14 | −35 | — | — | |
| Proceeds from matured marketable securities | 28 | 29 | 6 | — | — | |
| Amounts funded in respect of employee rights upon retirement | −91,000 | −87,000 | −79,000 | −86,000 | −113,000 | |
| Amounts withdrawn in respect of employee rights upon retirement | 370,000 | — | — | — | — | |
| Net cash provided by (used in) investing activities | −31 | 13 | −16 | 8 | −22 | |
| Proceeds from exercise of warrants, net of $1,000 issuance costs | 17 | 17 | — | — | — | |
| Proceeds from issuance of shares and pre-funded warrants, net of $ 3,148 and $81 issuance costs, respectively | 39 | 2 | — | — | — | |
| Net cash provided by financing activities | 56 | 18 | 38 | −140,000 | 35 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 117,000 | 51,000 | −58,000 | −131,000 | −8,000 | |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −10 | 9 | 5 | −7 | −641,000 | |
| Acquisition of right-of-use assets by means of lease liabilities | 994,000 | 1 | 419,000 | 835,000 | 91,000 | |
| Non-cash purchase of property and equipment | 28,000 | 189,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is InspireMD, Inc.'s CIK number?
InspireMD, Inc.'s SEC CIK number is 0001433607 (1433607). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find InspireMD, Inc.'s SEC filings?
All of InspireMD, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did InspireMD, Inc. last report earnings?
InspireMD, Inc. (NSPR) most recently filed an earnings 8-K with the SEC on May 4, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-021105). This is InspireMD, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is InspireMD, Inc.'s most recent earnings 8-K?
InspireMD, Inc.'s latest earnings 8-K (Item 2.02) was filed May 4, 2026 under accession 0001493152-26-021105. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View InspireMD, Inc.'s latest earnings 8-K →
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