Inogen Inc
NASDAQ:INGN
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Inogen Inc
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Inogen Inc
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.
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.
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.