Inspire Medical Systems Inc (INSP)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	-19,906	-44,268	-41,970	-57,088	-33,203
Revenue	US$ in thousands	624,799	406,179	231,266	113,364	82,050
Pretax margin		-3.19%	-10.90%	-18.15%	-50.36%	-40.47%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $-19,906K ÷ $624,799K
= -3.19%

The pretax margin of Inspire Medical Systems Inc has shown improvement over the past five years. The company's pretax margin was -3.19% in 2023, an improvement from the negative margins in the previous years, such as -10.90% in 2022, -18.15% in 2021, -50.36% in 2020, and -40.47% in 2019. This indicates that the company has been able to effectively manage its expenses relative to its revenue, leading to a smaller loss before taxes in the most recent year. However, it is important to monitor this trend closely to ensure sustained profitability in the future.