Inspirato (ISPO) AI Stock Analysis

• Market Cap: $37.29M
• Dividend Yield: N/A
• Average Volume (3M): 35.65K
• Price to Earnings (P/E): 38.6
• Beta (1Y): 0.63
• Revenue Growth: -13.20%
• EPS Growth: N/A
• Country: US
• Employees: 470
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Leisure
• EPS (TTM): -0.42
• Shares Outstanding: 12,469,941
• 10 Day Avg. Volume: 25,690
• 30 Day Avg. Volume: 35,651
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 5.71
• Enterprise Value/Revenue: 0.80
• Enterprise Value/Gross Profit: 1.91
• Enterprise Value/Ebitda: 4.82
• 1Y Price Target: $3.00
• Price Target Upside: 2.39% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: $3.00 ▲(2.39% Upside)

Inspirato's overall stock score reflects significant financial challenges, with high leverage and negative cash flows being major concerns. However, strategic initiatives, such as the merger with Buyerlink, provide a positive outlook for future growth. Technical indicators and valuation suggest caution, as the stock is trading below key moving averages and appears expensive relative to its financial performance.

Inspirato Business Overview & Revenue Model

Company Description

Inspirato (ISPO) is a luxury travel subscription company that specializes in delivering exclusive vacation experiences. The company provides its members with access to a curated collection of luxury vacation homes, hotels, and travel services. Inspirato operates in the hospitality and travel sector, offering a seamless blend of personalized customer service and high-end accommodations to create unique and memorable travel experiences for its members.

How the Company Makes Money

Inspirato makes money primarily through its subscription-based model, where members pay a monthly or annual fee to access the company's portfolio of luxury vacation properties and travel services. In addition to membership fees, Inspirato generates revenue from booking fees for reservations made through its platform. The company may also earn income from ancillary services such as travel planning and concierge services, which enhance the overall travel experience for its members. Inspirato's partnerships with property owners, luxury resorts, and other travel service providers play a crucial role in expanding its offerings and maintaining a diverse inventory of high-quality accommodations, thus contributing to its revenue generation.

Inspirato Financial Statement Overview

Summary

Inspirato is facing significant financial challenges across its income statement, balance sheet, and cash flow statement. The company is struggling with profitability, high leverage, and negative cash flows, raising concerns about its financial sustainability. While there are some positive trends, such as improved EBIT and EBITDA margins, the overall financial health remains precarious, with risks of insolvency and liquidity constraints.

Income Statement

Inspirato's income statement reveals significant challenges. The company has faced negative net income consistently, and net profit margins remain negative, indicating a lack of profitability. Although there is a positive gross profit margin, the revenue growth trend is declining, which is concerning. The EBIT and EBITDA margins show improvement in TTM (Trailing-Twelve-Months) compared to the previous annual report, but overall profitability is still lacking.

Balance Sheet

The balance sheet of Inspirato highlights financial distress, with negative stockholders' equity and high debt levels. The debt-to-equity ratio is not meaningful due to negative equity, indicating significant insolvency risk. The equity ratio is negative, further emphasizing financial instability. These factors severely impact the company's financial health and illustrate a high leverage situation.

Cash Flow

Inspirato's cash flow statement shows consistent negative free cash flow, reflecting poor cash generation from operations. Operating cash flow is also negative, which is a significant concern. The ratios of operating cash flow and free cash flow to net income are not favorable, indicating cash management issues. However, financing activities have provided some liquidity, albeit insufficient for overall positive cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	265.50M	279.86M	329.10M	345.53M	234.75M	165.59M
Gross Profit	111.68M	119.22M	54.31M	116.24M	82.00M	64.99M
EBITDA	44.18M	60.54M	6.17M	43.54M	-26.37M	4.42M
Net Income	-5.04M	-5.39M	-51.76M	-24.06M	-22.22M	-540.00K
Balance Sheet
Total Assets	270.13M	273.88M	330.73M	430.37M	145.77M	120.61M
Cash, Cash Equivalents and Short-Term Investments	16.45M	21.84M	36.57M	80.28M	80.23M	62.77M
Total Debt	186.53M	206.06M	282.68M	282.46M	13.27M	23.55M
Total Liabilities	395.29M	403.74M	485.43M	505.36M	335.46M	283.81M
Stockholders Equity	-125.16M	-129.85M	-30.24M	11.73M	-189.69M	-163.21M
Cash Flow
Free Cash Flow	-20.57M	-21.24M	-63.52M	-59.96M	24.74M	7.69M
Operating Cash Flow	-15.20M	-15.77M	-51.39M	-45.69M	28.75M	11.58M
Investing Cash Flow	-5.42M	-6.01M	-12.12M	-14.27M	-4.02M	-3.89M
Financing Cash Flow	16.80M	14.52M	23.84M	58.95M	-8.79M	16.55M

Inspirato Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.93
• 50DMA: Negative
• 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 Negative. The current price of 2.93 is below the 20-day moving average (MA) of 3.01, below the 50-day MA of 3.11, and below the 200-day MA of 3.80, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 45.80 is Neutral, neither overbought nor oversold. The STOCH value of 29.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ISPO.

Inspirato Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OSW	69 Neutral	$2.27B	32.98	13.16%	0.72%	8.51%	31.24%
LTH	68 Neutral	$6.34B	28.22	8.66%	―	17.25%	93.88%
Sector *	61 Neutral	$17.96B	13.14	-5.29%	3.00%	1.25%	-13.95%
MODG	57 Neutral	$1.73B	―	-46.53%	―	-2.35%	-7104.57%
PLNT	52 Neutral	$8.57B	45.48	-79.88%	―	12.47%	22.74%
ISPO	51 Neutral	$37.29M	38.62	8.84%	―	-13.20%	―
PTON	50 Neutral	$3.31B	―	58.47%	―	-7.76%	79.66%

Inspirato Corporate Events

Inspirato Receives Acquisition Proposal from Exclusive Investments

On September 3, 2025, Inspirato Incorporated received an unsolicited, non-binding proposal from Exclusive Investments, LLC to acquire all outstanding equity for $3.15 per share, totaling approximately $39 million. This proposal is not subject to a financing contingency but requires confirmatory due diligence and negotiation of definitive documentation. Meanwhile, Inspirato is also engaged in a previously announced merger agreement with Buyerlink, Inc., which would significantly increase One Planet Group’s ownership stake in the combined company. The Special Committee of Inspirato’s Board is reviewing the new proposal, though the board has not changed its support for the Buyerlink transaction.

Inspirato Announces Termination Agreement Amid Merger Plans

On August 15, 2025, Inspirato Incorporated announced a Termination Agreement to end the 8% Senior Secured Convertible Note with Oakstone Ventures, contingent on the closing of a merger with Buyerlink, Inc. The agreement involves a $20 million payoff to Oakstone Ventures and the termination of related agreements with Capital One. If the merger does not close by December 15, 2025, the Capital One Parties may sell or transfer the Note. Inspirato is in preliminary talks for financing to support this termination, though no agreements have been finalized.

Inspirato Announces Strategic Merger with Buyerlink

Inspirato reported its Q2 2025 financial results, showing significant operational improvements with a net loss of $5.3 million and an adjusted EBITDA improvement of $8.8 million year-over-year. The company announced a strategic combination with Buyerlink, a leader in online marketplaces, to form One Planet Platforms, which is expected to enhance Inspirato’s luxury travel offerings and global reach. This merger, valued at approximately $326.3 million, is anticipated to close in the third quarter of 2025, positioning the combined entity as a diversified, technology-driven platform in the luxury travel market.

Inspirato Announces Merger with Buyerlink for Expansion

On June 25, 2025, Inspirato announced a definitive agreement to merge with Buyerlink, a move that will form One Planet Platforms, a diversified consumer-focused marketplaces platform. This strategic merger aims to enhance Inspirato’s luxury travel services by integrating Buyerlink’s marketplace capabilities, thereby expanding its reach in the global luxury travel market. The merger, valued at approximately $326 million, is expected to be completed in the third quarter of 2025, subject to customary closing conditions and approvals. The combined company will trade on the Nasdaq Stock Exchange under a new ticker symbol, with Payam Zamani serving as Chairman and CEO.

Inspirato Stockholders Meeting Results on June 12, 2025

On June 12, 2025, Inspirato Incorporated held its Annual Meeting of Stockholders, where 70.11% of the outstanding shares were represented. During the meeting, a proposal to amend the Company’s Certificate of Incorporation to declassify the Board of Directors was not approved, as it did not meet the required two-thirds majority. Consequently, the election of six directors contingent on this proposal was not applicable. However, two Class III directors, May Samali and Julie Wainwright, were elected to serve until the 2028 annual meeting. Additionally, the appointment of BDO USA, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified.