Revenue Growth
Inogen delivered over $82 million in revenue for Q1 2025, reflecting a 5.5% year-over-year growth.
B2B Channel Performance
Domestic business-to-business revenue increased 29.9% to $21.5 million, and international business-to-business revenue increased 22.9% to $32 million.
Adjusted EBITDA Profitability
Positive adjusted EBITDA of $36,000 in Q1 2025 compared to a negative $7.6 million in the prior period.
UL Medical Collaboration
Finalized collaboration with UL Medical to distribute Inogen products in China and the US, with UL investing $27 million for a 9.9% stake in Inogen.
Improved Operating Expenses
Total operating expense decreased by 13.1% to $44 million in Q1 2025 compared to the prior period.
Balance Sheet Strength
Cash, cash equivalents, and restricted cash of $122.5 million with no debt outstanding.