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Inspirato
(NASDAQ:ISPO)
Inspirato (ISPO) vs. SPDR S&P 500 ETF (SPY)
Inspirato Business Overview & Revenue Model
Inspirato Earnings Call Summary
Inspirato Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 247.65M | 279.86M | 329.10M | 345.53M | 234.75M | 165.59M |
| Gross Profit | 82.27M | 119.22M | 54.31M | 116.20M | 82.00M | 64.99M |
| EBITDA | 42.73M | 60.54M | 7.44M | 43.55M | -26.37M | 4.42M |
| Net Income | -10.49M | -5.39M | -51.76M | -24.06M | -22.22M | -540.00K |
Balance Sheet | ||||||
| Total Assets | 228.29M | 273.88M | 330.73M | 430.37M | 145.77M | 120.61M |
| Cash, Cash Equivalents and Short-Term Investments | 26.79M | 35.01M | 42.27M | 81.94M | 82.95M | 62.77M |
| Total Debt | 180.62M | 206.06M | 282.68M | 282.46M | 13.27M | 23.55M |
| Total Liabilities | 362.26M | 403.74M | 485.43M | 505.36M | 252.18M | 283.81M |
| Stockholders Equity | -133.98M | -129.85M | -30.24M | 11.73M | -106.41M | -163.21M |
Cash Flow | ||||||
| Free Cash Flow | -4.26M | -21.24M | -57.70M | -59.96M | 25.79M | 7.69M |
| Operating Cash Flow | -807.00K | -15.77M | -51.39M | -45.69M | 28.75M | 11.58M |
| Investing Cash Flow | -3.70M | -6.01M | -12.12M | -14.27M | -4.02M | -3.89M |
| Financing Cash Flow | 7.16M | 14.52M | 23.84M | 58.95M | -8.79M | 16.55M |
Inspirato Technical Analysis
Inspirato Risk Analysis
Inspirato Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $5.89B | 20.87 | 10.38% | ― | 15.77% | 86.16% | |
70 Outperform | $2.18B | 30.22 | 13.53% | 0.79% | 7.27% | 45.12% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $424.19M | -5.31 | ― | ― | -3.55% | -111.90% | |
53 Neutral | $1.94B | 11.02 | ― | ― | -3.27% | -17.93% | |
48 Neutral | $52.54M | -4.79 | ― | ― | -13.85% | 77.24% | |
45 Neutral | $2.55B | -22.10 | ― | ― | -8.74% | 74.66% |
Inspirato Corporate Events
On December 16, 2025, Inspirato Incorporated agreed to be acquired by Exclusive Investments, LLC in a merger under which Inspirato will become a wholly owned subsidiary, with each outstanding share of Class A common stock converted into the right to receive $4.27 in cash, while restricted stock units will be cashed out and outstanding stock options cancelled without consideration. The deal, which is subject to shareholder approval, customary regulatory and closing conditions, and the absence of a material adverse effect, includes reciprocal $1 million termination fees under certain failure or superior-offer scenarios, a voting and support agreement from CEO Payam Zamani and affiliates controlling about 36% of Class A shares, the planned termination of Zamani’s employment at closing, the unwinding of related-party agreements by December 31, 2025 with final payments to his affiliated entities, and a separate note termination arrangement under which the buyer will assume an 8% senior secured convertible note while Inspirato’s master services agreement with Capital One is terminated, collectively reshaping the company’s capital structure, governance and related-party exposure as it transitions to private ownership.
On December 17, 2025, Inspirato entered into an Agreement and Plan of Merger with Exclusive Investments LLC, the owner of Exclusive Resorts, to be acquired for $4.27 per share in an all-cash transaction, valuing the company at approximately $59 million with a 50% premium over its closing price. Once completed, Inspirato will become privately held, delist from Nasdaq, and undergo leadership changes, with CEO Payam Zamani stepping down and James Henderson taking over as interim CEO. The transaction is expected to provide long-term stability and operational support, aiming to create sustained value for employees, shareholders, and customers. Closing is anticipated in early 2026, subject to shareholder approval and other conditions.
On December 3, 2025, Inspirato Incorporated announced the appointment of William Samuel ‘Sam’ Veazey as the Interim Chief Financial Officer, effective January 1, 2025, following the retirement of Michael Arthur on December 31, 2025. Mr. Veazey, who brings over 20 years of experience in financial and strategic leadership, will serve as the principal financial and accounting officer until a permanent CFO is appointed, with no existing conflicts of interest or related person transactions.
On November 3, 2025, Inspirato‘s CFO Michael Arthur announced his resignation, effective immediately, but will remain in a transitional role until the end of the year. The company reported significant operational improvements in Q3 2025, including a 97% year-over-year improvement in adjusted EBITDA and a 26% reduction in cash operating expenses, despite challenges from foreign exchange rates. Inspirato also launched pre-sales for a new membership model, aiming for efficient growth in 2026.
On October 9, 2025, Julie Wainwright resigned from the Board of Directors of Inspirato Incorporated, effective October 31, 2025, for personal reasons unrelated to any disagreements with the company’s operations or policies. The company expressed gratitude for her contributions and is actively seeking a replacement to ensure a smooth transition.
On September 26, 2025, Inspirato Incorporated’s Board of Directors approved the nomination of Jordan Spiegel as a director, pending stockholder approval. Mr. Spiegel’s nomination involves no related party transactions or arrangements, and he will join the company’s standard compensation program for non-employee directors.
On September 29, 2025, Inspirato Incorporated announced it had received unsolicited interest in acquiring the company but decided not to pursue the offer after a thorough review by its Board of Directors. The company reaffirmed its commitment to an independent strategy, highlighting recent achievements such as reducing overhead, relaunching Inspirato Pass, and achieving profitability, all aimed at maximizing long-term shareholder value. Inspirato is focused on enhancing member offerings, profitable growth, and exploring financing options to support its growth strategy as a stand-alone entity.
On September 18, 2025, Inspirato Incorporated, along with RR Merger Sub, Inc. and Buyerlink Inc., mutually agreed to terminate their previously planned merger, initially set out in an agreement dated June 25, 2025. The termination agreement specifies that no fees will be paid by any party, and each will cover its own expenses, while certain provisions will remain effective as per their terms.
On September 18, 2025, Inspirato Incorporated received a non-binding, conditional offer from Exclusive Investments, LLC to purchase 100% of the company’s outstanding equity, valuing the enterprise at $68.6 million. Inspirato believes the proposal is not actionable and was disclosed in violation of a nondisclosure agreement. The board of directors will continue to explore options to serve the best interests of the company and its shareholders.