PODD FY 2025 Earnings Report — Insulet Corporation Revenue & Financial Results | Market Cap Arena

Insulet CorporationPODD

FY 2025 Earnings

Reported February 18, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$2.7B	—	$2.1B	—	30.7%
Op. Income	$474M	—	$309M	—	53.4%
Gross Margin	71.6%	—	69.8%	—	1.8pp
Net Margin	9.1%	—	20.2%	—	-11.1pp
EPS (Diluted)	$3.48	—	$5.78	—	-39.8%
Free Cash Flow	$378M	—	$305M	—	23.7%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$768M
GROSS PROFIT	$1.9B
R&D Expenses	$301M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.2B
OPERATING INCOME	$474M
Interest Income	$35M
Interest Expense	$80M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$340M
Income Tax Expense	$92M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$113M
EBIT	$474M
EBITDA	$587M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$768M
GROSS PROFIT	$1.9B
R&D Expenses	$301M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$2.2B
OPERATING INCOME	$474M
Interest Income	$35M
Interest Expense	$80M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$340M
Income Tax Expense	$92M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$113M
EBIT	$474M
EBITDA	$587M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$247M
Depreciation & Amortization	$90M
Stock-Based Compensation	$63M
Deferred Income Tax	$62M
Other Non-Cash Items	$130M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$569M
Capital Expenditure	-$192M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$31M
NET CASH FROM INVESTING	-$223M
Net Debt Issuance	-$708M
Common Stock Repurchased	-$60M
Common Dividends Paid	$0
Other Financing Activities	$139M
NET CASH FROM FINANCING	-$595M
FREE CASH FLOW	$378M
Net Change in Cash	-$237M

Balance Sheet

Item	Amount
Cash & Equivalents	$716M
Short-Term Investments	$0
Net Receivables	$517M
Inventory	$453M
Other Current Assets	$203M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$863M
Goodwill	$52M
Intangible Assets	$117M
Long-Term Investments	$20M
Tax Assets	$82M
Other Non-Current Assets	$167M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$3.2B
Account Payables	$75M
Short-Term Debt	$22M
Deferred Revenue	$14M
Other Current Liabilities	$360M
TOTAL CURRENT LIABILITIES	$680M
Long-Term Debt	$980M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$35M
TOTAL NON-CURRENT LIABILITIES	$995M
TOTAL LIABILITIES	$1.7B
Common Stock	$100.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$287M
Treasury Stock	-$60M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$1.1B
Net Debt	$335M