Inspirato (ISPO) AI Stock Analysis

• Market Cap: $32.55M
• Dividend Yield: N/A
• Average Volume (3M): 67.70K
• Price to Earnings (P/E): 34.5
• Beta (1Y): 0.35
• Revenue Growth: -13.85%
• EPS Growth: 77.24%
• Country: US
• Employees: 470
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): -0.36
• Shares Outstanding: 12,469,941
• 10 Day Avg. Volume: 21,481
• 30 Day Avg. Volume: 67,703
• PEG Ratio: 0.04
• Price to Book (P/B): -0.15
• Price to Sales (P/S): 0.07
• P/FCF Ratio: -0.93
• Enterprise Value/Market Cap: 6.54
• Enterprise Value/Revenue: 0.86
• Enterprise Value/Gross Profit: 2.59
• Enterprise Value/Ebitda: 4.98
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: $3.00 ▲(7.14% Upside)

Inspirato's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and high leverage. While there are some positive technical signals, the valuation concerns and lack of dividend yield further weigh on the score. The company's strategic improvements noted in the earnings call provide some optimism, but significant challenges remain.

Positive Factors

Operational Efficiency

The company's ability to achieve significant cost savings through vendor contract renegotiations indicates strong operational efficiency, which can enhance profitability and sustainability in the long term.

New Property Additions

Expanding the portfolio with new luxury properties enhances Inspirato's market position and appeal, potentially driving membership growth and increasing revenue opportunities.

Membership Growth

The successful relaunch and growth of the Pass membership demonstrate strong demand and market acceptance, which can lead to sustained revenue growth and increased customer loyalty.

Negative Factors

Declining Revenue

A significant decline in revenue indicates challenges in maintaining market share and customer engagement, which can impact long-term financial stability and growth prospects.

High Financial Leverage

High financial leverage poses risks to financial health, limiting flexibility and increasing vulnerability to economic downturns, which could affect long-term viability.

Negative Free Cash Flow

Negative free cash flow indicates challenges in generating sufficient cash from operations, which can hinder investment in growth opportunities and affect financial sustainability.

Inspirato Business Overview & Revenue Model

Company Description

Inspirato Incorporated operates as a subscription-based luxury travel company. The company provides affluent travelers access to a portfolio of curated luxury vacation options. As of December 31, 2021, it had approximately 425 private luxury vacation homes available exclusively to subscribers; and accommodations at approximately 420 luxury hotel and resort partners worldwide. The company was founded in 2010 and is headquartered in Denver, Colorado.

How the Company Makes Money

Inspirato generates revenue primarily through its membership model, where customers pay an annual fee to access its exclusive inventory of luxury accommodations. The company offers various membership tiers, providing different levels of access and benefits. Additionally, Inspirato earns revenue from booking fees and commissions on the rental of its properties. The company's partnerships with luxury property owners, hotel brands, and travel service providers enhance its offerings and contribute to its earnings, allowing it to deliver high-quality travel experiences to its members while maintaining a competitive edge in the luxury travel market.

Inspirato Financial Statement Overview

Summary

Inspirato faces significant financial challenges, including declining revenues, negative profitability, and high leverage. While there are some operational efficiencies, the company must focus on improving its financial stability and cash flow management to enhance its financial position.

Income Statement

Inspirato's income statement shows a declining revenue trend with a negative revenue growth rate of -1.61% in the TTM period. The gross profit margin is relatively healthy at 43.73%, but the net profit margin is negative, indicating losses. The EBIT and EBITDA margins are positive, suggesting some operational efficiency, but overall profitability remains a concern.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative debt-to-equity ratio, indicating more debt than equity. The return on equity is slightly positive, but the negative equity ratio highlights financial instability. The company needs to address its high debt levels to improve financial health.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, with a declining free cash flow growth rate of -20.62% in the TTM period. The free cash flow to net income ratio is positive, suggesting some ability to cover net losses, but overall cash flow management needs improvement.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 2.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ISPO, the sentiment is Neutral. The current price of 2.8 is above the 20-day moving average (MA) of 2.66, above the 50-day MA of 2.72, and below the 200-day MA of 3.28, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 55.19 is Neutral, neither overbought nor oversold. The STOCH value of 66.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ISPO.

Inspirato Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTH	71 Outperform	$5.68B	20.11	10.38%	―	15.77%	86.16%
OSW	70 Outperform	$2.08B	28.84	13.53%	0.83%	7.27%	45.12%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
XPOF	54 Neutral	$387.13M	―	―	―	-3.55%	-111.90%
PRKS	53 Neutral	$2.00B	11.22	―	―	-3.27%	-17.93%
PTON	45 Neutral	$2.73B	―	―	―	-8.74%	74.66%
ISPO	44 Neutral	$32.55M	34.52	―	―	-13.85%	77.24%

Inspirato Corporate Events

Inspirato Appoints Sam Veazey as Interim CFO

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.

Inspirato CFO Resigns Amid Operational Improvements

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.

Julie Wainwright Resigns from Inspirato Board

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.

Inspirato Nominates Jordan Spiegel as New Director

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.

Inspirato Declines Acquisition Offer, Focuses on Independence

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.

Inspirato Terminates Planned Merger with Buyerlink

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.

Inspirato Receives Offer from Exclusive Investments

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.

Inspirato Ends Merger Agreement with Buyerlink

On September 15, 2025, Inspirato Incorporated announced the mutual termination of its merger agreement with Buyerlink, initially signed on June 25, 2025. The decision to remain independent reflects Inspirato’s confidence in its brand and operations, emphasizing its commitment to shareholder value and long-term growth in the luxury travel industry. Inspirato will continue to focus on enhancing its member experience and exploring strategic alternatives to maximize shareholder value.