Inogen Inc
NASDAQ:INGN

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Inogen Inc
NASDAQ:INGN
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Price: 6.66 USD -0.15% Market Closed
Market Cap: $181.4m

Inogen Inc
Investor Relations

Inogen, Inc. engages in the development, manufacture, and marketing of portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. The company is headquartered in Goleta, California and currently employs 1,021 full-time employees. The company went IPO on 2014-02-14. The firm primarily develops, manufactures, and markets portable oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions. Its Inogen One systems concentrate the air around the patient to offer a single source of supplemental oxygen with a single battery and can be plugged into a power outlet as needed. All of its Inogen One systems are equipped with Intelligent Delivery Technology, a form of pulse-dose technology, from which the patient receives a bolus of oxygen upon inhalation. The company has also launched Inogen Connect, a wireless connectivity platform for the Inogen One G4 and Inogen One G5 (portable oxygen concentrators) consisting of a front-end mobile application for use by long-term oxygen therapy users and a back-end database portal for use by homecare providers.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 24, 2026
AI Summary
Q4 2025

Revenue: Inogen reported Q4 revenue of $81.7 million (up 2% YoY) and full year 2025 revenue of $348.7 million (up 4% YoY), meeting its goal for mid-single-digit growth.

Profitability: The company achieved positive adjusted EBITDA of $2.7 million for 2025, its first year of adjusted EBITDA profitability since 2021, and significantly reduced its net loss.

International Growth: International revenue grew 15% YoY in Q4 to $32.5 million, highlighting global expansion as a core growth driver.

Product Diversification: Inogen expanded its portfolio with launches like Voxi 5, Simeox, Aurora CPAP masks, and a digital health portal, broadening its addressable market from $400 million to over $3 billion.

2026 Guidance: Management guided for 6% YoY revenue growth in 2026, to a range of $366–$373 million, and expects continued positive adjusted EBITDA.

Share Repurchase: The board authorized a $30 million share repurchase program to be executed through 2027.

Long-Term Goals: The company aims for high single-digit revenue growth and adjusted EBITDA margin of 10% or more within 3–5 years.

Key Financials
Revenue
$81.7M
Revenue
$348.7M
International Revenue
$32.5M
US Sales (Q4)
$36.1M
Rental Revenue (Q4)
$13.1M
Gross Margin (Q4)
43.1%
Gross Margin (Full Year)
44.2%
Net Loss (Q4)
$7.1M
Net Loss (Full Year)
$22.7M
Adjusted EBITDA (Q4)
-$1.7M
Adjusted EBITDA (Full Year)
$2.7M
Cash, Cash Equivalents, Marketable Securities, and Restricted Cash
$120.9M
Debt Outstanding
$0
Share Repurchase Authorization
$30M
Simeox Revenue (2025)
$6M
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kevin R. M. Smith
President, CEO & Director
No Bio Available
Mr. Michael J. Bourque CPA
Executive VP, CFO & Treasurer
No Bio Available
Mr. Philip Corrin
Senior Vice President of Operations & Supply Chain
No Bio Available
Mr. Kevin P. Smith
General Counsel & Executive VP of Business Development
No Bio Available
Ms. Jennifer Yi Boyer
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Grgoire Ramade
Executive VP & Chief Commercial Officer
No Bio Available
Dr. Krishna Jhaveri
Chief Medical Officer
No Bio Available
Mr. Paul Andreassi
Senior Vice President of Quality & Regulatory Affairs
No Bio Available
Mr. Adrien Mithalal
Senior Vice President of Research & Development
No Bio Available

Contacts

Address
CALIFORNIA
Goleta
326 Bollay Dr
Contacts
+18055620500.0
www.inogen.com
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