← BackInogen Inc · Orthopedic, Prosthetic & Surgical Appliances & SuppliesINGN
Low riskNext report: Around Nov 4 (est.)
The short versionA profitable company with steady sales.
Going well
- Profitable
- No debt reported
Watch out for
- Share count growing 5.2% a year
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 1.9% to their holdings in the quarter ending June 2026 (82 bought, 43 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$7.09-0.1% that day
- Company value
- $188M
- Share price times all shares
- Price vs sales
- 0.53x
- No profit over the last year, so this compares value with sales instead
- Cash vs value
- 46%
- A big cushion: cash is a large part of what the company is worth
From INGN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$95.1M+3.0% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $354.3M, up 3.2% from the 12 months before. Over 5 years, sales grew about 2.5% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.4%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.5%
- MissProfitable every yearSteady profits, not one good year.9 of 10 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$13.7M
- MissShare count not growingNot diluting owners. Falling means buybacks.+16.4% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.44.2%
- Revenue
- $348.7M
- +3.9% vs prior year
- 5-year growth
- +2.5%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 3.12x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $95.1M
- +3.0% YoY
- EPS
- -$0.14
- vs -$0.15
- Op. margin
- -5.4%
- +1.2 pts
- Gross margin
- 45.5%
- +0.7 pts
- Free cash flow
- $2.2M
- Share count
- +0.3%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+1.9%Institutions added 1.9% to their holdings. 82 bought, 43 sold. 5 quarters of net buying in a row.
Shares held by institutions19.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+4.6%Cash runwayAt last year's cash burn
93 monthsDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
27MNext reportAround Nov 4 (est.)Estimated from the same quarter last year
- Results filedAug 6
- Results filedMay 7
- Results filedFeb 24
- Results filedJan 12
- Results filedNov 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardKevin Raymond Merrill SmithCEO and President, Director
1,500 shares at $5.33 · $8K
- +1% of holdings
- Now owns 134,962 shares
- Filed 2 days after trade
Option exerciseKevin P. SmithEVP, Bus Dev, GC & Sec
18,136 shares
- +77% of holdings
- Now owns 41,643 shares
- Filed 2 days after trade
- Also: Stock award, Shares withheld for taxes
Stock awardMary E WrightVP, Chief Accounting Officer
1,500 shares at $5.33 · $8K
- +8% of holdings
- Now owns 20,629 shares
- Filed 2 days after trade
Stock awardAndrew P. RedingEVP, COO
130,000 shares
- Now owns 130,000 shares
- Restricted Stock Unit
- Filed 3 days after trade
SoldBoyer Jennifer M YiEVP Entrprs Enblmnt, Ch HR Off
10,938 shares at $6.60 · $72K
- -68% of holdings
- Now owns 5,039 shares
- Pre-planned sale (10b5-1)
- Filed 5 days after trade