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Nasdaq · Healthcare

INSULET CORP (PODD)

As-reported financials and SEC filings for INSULET CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About INSULET CORP

Insulet Corporation develops, manufactures, and sells continuous insulin delivery systems for people with insulin-dependent diabetes. Its main products include the Omnipod 5 Automated Insulin Delivery System, Omnipod DASH Insulin Management System, and the Classic Omnipod, which provide tubeless, wearable insulin pumps controlled via handheld devices or smartphone apps. The company serves individuals with type 1 and insulin-requiring type 2 diabetes, offering devices designed to improve insulin therapy management and convenience.

Snapshot

Revenue
$2.71B
Revenue growth (YoY)
30.7%
Net income
$247.1M
Diluted EPS
$3.48
Gross margin
71.6%
Operating margin
17.5%
Net margin
9.1%
FCF margin
13.9%
ROE
16.3%
net income / fiscal-year-end equity
P/E
27.2×
trailing when available, otherwise FY EPS
Market cap
$10.07B
Long-term debt / equity
0.61×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Insulet

  • Revenue grew 30.7% to $2.7B in FY2025, faster than the 22.1% the year before.
  • Operating margin is 17.5% in FY2025, +6.0 pp against 11.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $802M, up 23.5% from Q2 FY2025.
  • Free cash flow was $378M in FY2025, 13.9% of revenue.
  • Net income fell 40.9% to $247M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Insulet’s fundamentals sit among the 88 medical device companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin71.6%
71st percentile of 77
Operating margin17.5%
86th percentile of 80
Net margin9.1%
76th percentile of 81
FCF margin13.9%
78th percentile of 74
Revenue growth (YoY)+30.7%
79th percentile of 87
ROE16.3%
87th percentile of 79
P/E27.2×
42nd percentile of 32
Long-term debt / equity0.61×
55th percentile of 54
Short interest1.75d
23rd percentile of 88

Insulet’s return on equity of 16.3% ranks in the 87th percentile of the 79 medical device companies reporting it. Insulet’s operating margin of 17.5% ranks in the 86th percentile of the 80 medical device companies reporting it.

1 reported insider purchase (code P) totaling $162,217 in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$1.05B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$373.8M2.5MAdded
Two Sigma InvestmentsquantQ2 2026$289.8M1.9MAdded
Millennium ManagementquantQ2 2026$131.8M865.4KAdded
Citadel AdvisorsquantQ2 2026$121.3M796.7KAdded
D. E. ShawquantQ2 2026$64.9M426.5KAdded
Renaissance TechnologiesquantQ2 2026$30.8M202.1KReduced
Bridgewater AssociatesQ2 2026$23.8M156.4KAdded
Gotham Asset ManagementQ2 2026$12.9M84.7KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$162K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-21
filed 2026-08-24
McEvoy AshleyPresident and CEOBuy1.1K$147.47$162K
2026-06-03
WEATHERMAN ELIZABETH HDirectorBuy3.5K$144.20$497K
2026-06-03
filed 2026-06-04
STONESIFER TIMOTHY C.DirectorBuy2.8K$143.51$400K
2026-06-03
filed 2026-06-04
BORIO LUCIANADirectorSell418$143.27$60K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.7M
settled 2026-08-14
Change vs prior
-3.6%
vs previous settlement
Days to cover
1.75
at avg daily volume
Avg daily volume
2.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.7M-3.6%1.75
2026-07-313.8M-17.4%3.03
2026-07-154.6M-4.3%3.61
2026-06-304.9M-1.0%2.78
2026-06-154.9M+15.8%3.47
2026-05-294.2M+40.4%2.64
2026-05-153.0M+1.5%1.60
2026-04-303.0M+9.9%2.37

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.71B$2.07B$1.70B$1.31B$1.10B
Gross profit$1.94B$1.45B$1.16B$805.6M$752.1M
Operating income$473.8M$308.9M$220.1M$37.6M$126.0M
Net income$247.1M$418.3M$206.3M$4.6M$16.8M
Diluted EPS$3.48$5.78$2.94$0.07$0.24

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$569.3M$430.2M$145.7M$119.0M$-68.1M
Capital expenditure$191.6M$124.9M$75.6M$122.9M$111.9M
Free cash flow$377.7M$305.3M$70.1M$-3.9M$-180.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$801.7M23.5%$95.0M$1.37
Q1 FY2026$761.7M33.9%$91.1M$1.30
Q4 FY2025$783.8M31.2%$101.6M$1.44
Q3 FY2025$706.3M29.9%$87.6M$1.24
Q2 FY2025$649.1M32.9%$22.5M$0.32
Q1 FY2025$569.0M28.8%$35.4M$0.50
Q4 FY2024$597.5M17.2%$100.7M$1.36
Q3 FY2024$543.9M25.7%$77.5M$1.08

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industrySurgical & Medical Instruments & Apparatus
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1145197

Selected SEC filings

10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-05-26
View on EDGAR →
8-K2026-05-21
View on EDGAR →

Largest medical device peers

All medical device stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.