INGN · NASDAQ · Medical - Devices

Inogen

Provides portable oxygen and respiratory devices through consumer, provider, and distributor channels.

$5.50
After-hours close−0.00 (−0.09%)
At close$5.51(−0.09%)
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Profile

Inogen, Inc.INGNHealth Care

Generates revenue from portable oxygen concentrators, airway clearance, stationary oxygen, and CPAP-mask products. U.S. direct-to-consumer sales and rentals sit alongside sales through home medical equipment and distribution channels, including an international footprint.

Portable oxygen concentrators under the Inogen One and Inogen Rove brands provide supplemental long-term oxygen therapy for people with chronic respiratory conditions. The portfolio also includes the Simeox airway-clearance system, Voxi 5 stationary oxygen concentrators, and Aurora CPAP masks.

In the United States, products are sold and rented directly to consumers and sold through home medical equipment providers, distributors, and resellers. Outside the United States, sales run through distributors, resellers, home medical equipment providers, and large house accounts across many countries.

Research and development focuses on functionality, ease of use, total cost of ownership, next-generation concentrators, and Simeox. The business depends on regulated-device manufacturing, quality systems, commercial channels, and respiratory-product development.

Company facts

CEOKevin R.M. Smith
ListedFeb 14, 2014
ExchangeNASDAQ
HeadquartersBeverly, MA
CountryUnited States
Employees753
CIK0001294133
ISINUS45780L1044

Key statistics

Market cap$148.9M
EPS (ttm)−$0.9000
P/E (ttm)−6.11
ROE-13.2%
P/B0.8506
P/S0.4203
Dividend yield
Beta0.52vs XLV 0.57

Year to date −17.0% · Average volume (30d) 240.4K

Analysts

Price target, next 12 months$26.00+372.7%Median of 11 analysts · vs the Aug 28 close
ConsensusBuy6 of 11 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRating
May 22, 2025NeedhamUpgradeHoldBuy

Earnings

EPS

Estimate−$0.11
ReportedDue Nov 4, 2026

Revenue

Estimate$92.3M
ReportedDue Nov 4, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 6, 2026Q2 FY26−$0.15−$0.14+8.7%$95.2M$95.1M−0.2%−6.78%
May 7, 2026Q1 FY26−$0.24−$0.30−25.0%$82.4M$85.1M+3.4%−2.36%
Feb 24, 2026Q4 FY25−$0.36−$0.26+27.8%$85.1M$81.7M−3.9%+2.91%
Nov 5, 2025Q3 FY25−$0.22−$0.20+9.1%$88.6M$92.4M+4.3%−4.87%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$82.3M$92.3M$92.4M$81.7M$85.1M$95.1M
Gross profit$36.4M$41.3M$47.0M$41.2M$41.8M$43.3M
Operating income−$7.7M−$6.1M−$7.1M−$9.3M−$8.4M−$5.1M
Net income−$6.2M−$4.2M−$5.3M−$7.1M−$8.3M−$3.9M
Diluted EPS−$0.25−$0.15−$0.20−$0.26−$0.30−$0.14
Gross margin44.2%44.8%50.8%50.4%49.1%45.5%
Operating margin-9.3%-6.6%-7.7%-11.4%-9.9%-5.4%

Fiscal years (4-quarter sums)FY21 $358.0M · FY22 $377.2M · FY23 $315.7M · FY24 $335.7M · FY25 $348.7M

Revenue by geography · Q2 FY26

United States$53.8M · 57%
Non-US$41.3M · 43%

Balance sheet, Jun 30, 2026Cash & short-term investments $105.5M · Total debt $15.8M · Total assets $285.6M · Shareholders' equity $174.9M

Dividends

No dividends on record.

Ownership

Institutions 71.37%19.32M sharesInsiders 3.09%835.5K sharesOther 25.54%6.92M shares

Shares outstanding 27.07M · Float 23.68M · 87.5% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Yuwell (Hong Kong) Holdings Limited2.63M9.90%13GFeb 24, 2025
BlackRock, Inc.1.75M6.46%13FAug 7, 2026
Acadian Asset Management LLC1.10M4.05%13FAug 13, 2026
Armistice Capital, LLC1.10M4.05%13FAug 14, 2026
Vanguard Capital Management LLC1.04M3.84%13FAug 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 1, 2026Boyer Jennifer M. Yiofficer: EVP Entrprs Enblmnt, Ch HR Off−10,938$6.60
May 29, 2026Boyer Jennifer M. Yiofficer: EVP Entrprs Enblmnt, Ch HR Off−10,770$6.53
View details

Peers

  • ResMed

    Mobi POC overlaps in portable long-term oxygen therapy

  • Philips (ADR)

    Respironics POC placements retain a narrower oxygen overlap

CompareAfter-hours close

CompanyPriceChange
Inogen$5.50−0.09%$148.9M0.4+3.0%
ResMed$240.33+0.01%$34.86B23.119.86.2+8.6%
Philips (ADR)$26.72+0.06%$26.12B19.913.71.3−2.9%
Median21.516.73.7+2.8%