INSM
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | -12.40 | -5.80 | -5.11 | -7.02 |
| Price to Sales | 31.14 | 14.26 | 10.02 | 16.20 |
| Book Value Per Common Share | 1.59 | -2.24 | 0.65 | 3.46 |
| Price to Book | 43.40 | -13.82 | 30.82 | 7.88 |
| Price to Operating Cash Flow | -16.56 | -8.12 | -6.14 | -8.41 |
| Price to Free Cash Flow | -16.05 | -7.92 | -5.99 | -8.24 |
| Enterprise Value to EBITDA |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | -82.29 | -59.20 | -53.73 | -52.30 | -57.48 |
| Price to Sales | 214.24 | 177.37 | 148.66 | 118.34 | 135.74 |
| Book Value Per Common Share | 4.45 | 5.92 | 0.55 | 1.59 | 2.70 |
| Price to Book | 32.38 | 17.00 | 139.96 | 43.40 | 27.01 |
| Price to Operating Cash Flow | -138.76 | -92.68 | -52.65 | -63.07 | -70.10 |
| Price to Free Cash Flow | -137.26 | -91.13 | -50.70 | -60.96 | -68.69 |
| Enterprise Value to EBITDA |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | ||||
| Revenue YoY | 19.17 | 24.39 | 30.19 | |
| EBITDA YoY | ||||
| Net Profit YoY |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | |||||
| Revenue YoY | 32.52 | 15.72 | -11.12 | 11.79 | |
| EBITDA YoY | |||||
| Net Profit YoY |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 8.74 | 5.56 | 9.33 | 6.39 |
| Quick Ratio | 4.99 | 3.64 | 6.19 | 5.48 |
| Current Ratio | 5.45 | 4.12 | 6.69 | 6.19 |
| Debt to Equity | 6.10 | -5.01 | 17.83 | 2.03 |
| Long-Term Debt to Equity | 5.05 | -4.33 | 15.67 | 1.70 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 7.93 | 9.81 | 6.63 | 8.01 | 8.45 |
| Quick Ratio | 4.18 | 6.13 | 5.21 | 4.99 | 5.83 |
| Current Ratio | 4.63 | 6.68 | 5.86 | 5.45 | 6.37 |
| Debt to Equity | 1.50 | 0.98 | 17.18 | 6.10 | 3.25 |
| Long-Term Debt to Equity | 1.06 | 0.73 | 14.77 | 5.05 | 2.71 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | -45.12 | -56.37 | -29.07 | -34.95 |
| ROE | -320.20 | 225.83 | -547.50 | -105.89 |
| Gross Margin | 76.43 | 78.52 | 77.53 | 76.57 |
| Operating Margin | -228.15 | -219.77 | -186.54 | -211.09 |
| EBITDA Margin | -225.12 | -216.30 | -182.33 | -203.57 |
| Net Profit Margin | -251.24 | -245.59 | -196.26 | -230.63 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | -15.67 | -12.97 | -14.23 | -11.63 | -10.74 |
| ROE | -39.13 | -25.74 | -258.76 | -82.54 | -45.62 |
| Gross Margin | 79.37 | 73.86 | 77.08 | 74.96 | 77.34 |
| Operating Margin | -245.65 | -280.10 | -254.17 | -205.36 | -213.19 |
| EBITDA Margin | -242.84 | -276.62 | -250.78 | -202.73 | -210.28 |
| Net Profit Margin | -259.95 | -299.48 | -276.42 | -225.53 | -236.04 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | ||||
| Dividend Payout Ratio |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 2,025,231.00 | 1,329,837.00 | 1,656,435.00 | 1,243,508.00 |
| Current Assets | 1,621,661.00 | 929,063.00 | 1,273,383.00 | 837,040.00 |
| Cash and Short-Term Investments | 1,433,826.00 | 780,447.00 | 1,148,280.00 | 716,782.00 |
| Cash and Cash Equivalents | 555,030.00 | 482,374.00 | 1,074,036.00 | 716,782.00 |
| Short-Term Investments | 878,796.00 | 298,073.00 | 74,244.00 | 0 |
| Net Receivables | 52,012.00 | 41,189.00 | 29,713.00 | 24,351.00 |
| Inventory | 98,578.00 | 83,248.00 | 69,922.00 | 67,009.00 |
| Other Current Assets | 37,245.00 | 24,179.00 | 25,468.00 | 28,898.00 |
| Non-Current Assets | 403,570.00 | 400,774.00 | 383,052.00 | 406,468.00 |
| Property, Plant, Equipment Net | 115,582.00 | 104,386.00 | 102,082.00 | 95,516.00 |
| Goodwill | 136,110.00 | 136,110.00 | 136,110.00 | 136,110.00 |
| Intangible Assets | 58,652.00 | 63,704.00 | 68,756.00 | 73,809.00 |
| Long-Term Investments | 0 | 0 | 0 | 50,043.00 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 76,104.00 | 50,990.00 |
| Liabilities | 1,739,852.00 | 1,661,760.00 | 1,568,484.00 | 833,040.00 |
| Current Liabilities | 297,528.00 | 225,629.00 | 190,243.00 | 135,166.00 |
| Payables and Expenses | 180,197.00 | 159,354.00 | 139,377.00 | 91,566.00 |
| Account Payables | 73,033.00 | 65,393.00 | 50,461.00 | 35,784.00 |
| Current Accrued Liabilities | 96,663.00 | 84,940.00 | 82,057.00 | 49,127.00 |
| Short-Term Debt | 12,319.00 | 10,642.00 | 8,126.00 | 10,136.00 |
| Other Current Liabilities | 105,012.00 | 55,633.00 | 42,740.00 | 33,464.00 |
| Non-Current Liabilities | 1,442,324.00 | 1,436,131.00 | 1,378,241.00 | 697,874.00 |
| Long-Term Debt | 1,136,558.00 | 1,193,352.00 | 1,169,739.00 | 602,132.00 |
| Other Non-Current Liabilities | 305,766.00 | 242,779.00 | 208,502.00 | 95,742.00 |
| Equity | 285,379.00 | -331,923.00 | 87,951.00 | 410,468.00 |
| Shareholders Equity | 285,379.00 | -331,923.00 | 87,951.00 | 410,468.00 |
| Capital Stock | 1,794.00 | 1,480.00 | 1,357.00 | 1,187.00 |
| Share Premium | 4,645,791.00 | 3,113,487.00 | 2,782,416.00 | 2,673,556.00 |
| Retained Earnings | -4,359,917.00 | -3,446,145.00 | -2,696,578.00 | -2,265,243.00 |
| Treasury Shares | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | -2,289.00 | -745.00 | 756.00 | 968.00 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Debt | 1,148,877.00 | 1,203,994.00 | 1,177,865.00 | 612,268.00 |
| Net Debt | 548,352.00 | 672,939.00 | 51,214.00 | 0 |
| Common Shares Outstanding | 179,382.64 | 147,977.96 | 135,653.73 | 118,738.27 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 363,707.00 | 305,208.00 | 245,358.00 | 188,461.00 |
| Cost Of Revenue | 85,742.00 | 65,573.00 | 55,126.00 | 44,152.00 |
| Interest Income | 2,229.00 | 1,882.00 | 0 | 0 |
| Interest Expense | 80,258.00 | 76,256.00 | 22,455.00 | 38,583.00 |
| Non-Interest Expense | 461,116.00 | 344,501.00 | 265,784.00 | 234,273.00 |
| Gross Profit | 277,965.00 | 239,635.00 | 190,232.00 | 144,309.00 |
| Operating Expenses | 1,064,535.00 | 920,564.00 | 668,355.00 | 512,069.00 |
| Selling, General and Administrative Expenses | 461,116.00 | 344,501.00 | 265,784.00 | 234,273.00 |
| Research and Development Expenses | 598,367.00 | 571,011.00 | 397,518.00 | 272,744.00 |
| Operating Income | -786,570.00 | -680,929.00 | -478,123.00 | -367,760.00 |
| Net Non-Operating Income | 29.00 | 1,856.00 | -5,939.00 | -3,330.00 |
| EBT | -910,065.00 | -747,012.00 | -480,151.00 | -436,412.00 |
| Income Tax | 3,707.00 | 2,555.00 | 1,383.00 | -1,758.00 |
| Net Income Including Non-Controlling Interests | -913,772.00 | -749,567.00 | -481,534.00 | -434,654.00 |
| Net Income | -913,772.00 | -749,567.00 | -481,534.00 | -434,654.00 |
| EBIT | -829,807.00 | -670,756.00 | -457,696.00 | -397,829.00 |
| Deprecation and Amortization | 11,013.00 | 10,579.00 | 10,331.00 | 14,182.00 |
| EBITDA | -818,794.00 | -660,177.00 | -447,365.00 | -383,647.00 |
| EPS | -0.01 | -0.01 | -0.00 | -0.00 |
| Diluted EPS | -0.01 | -0.01 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 164,043.00 | 140,433.00 | 123,035.00 | 112,111.00 |
| Average Shares Outstanding Diluted | 164,043.00 | 140,433.00 | 123,035.00 | 112,111.00 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | -683,882.00 | -536,247.00 | -400,439.00 | -363,302.00 |
| Operating Net Income | -913,772.00 | -749,567.00 | -481,534.00 | -434,654.00 |
| Deprecation and Amortization | 11,013.00 | 10,579.00 | 10,331.00 | 14,182.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 |
| Share Based Compensation | 96,835.00 | 74,778.00 | 57,686.00 | 46,021.00 |
| Change in Working Capital | -3,177.00 | -39,218.00 | 6,575.00 | -58,580.00 |
| Other Operating Activities | 125,219.00 | 167,181.00 | 6,503.00 | 69,729.00 |
| Investing Cash Flow | -583,175.00 | -223,604.00 | -34,584.00 | -64,285.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -21,923.00 | -13,288.00 | -9,878.00 | -7,289.00 |
| Net Purchase/Sale of Investments Net | -561,252.00 | -213,733.00 | -24,706.00 | -50,292.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | -6,704.00 |
| Other Investing Activities | 0 | 3,417.00 | 0.00 | 0.00 |
| Financing Cash Flow | 1,341,020.00 | 168,439.00 | 793,273.00 | 612,546.00 |
| Net Issuance/Repayment of Debt | 147,390.00 | -1,217.00 | 349,399.00 | 336,341.00 |
| Net Issuance/Repurchase of Equity | 1,084,124.00 | 152,475.00 | 292,153.00 | 269,886.00 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 109,506.00 | 17,181.00 | 151,721.00 | 6,319.00 |
| Net Change in Cash | 73,963.00 | -591,412.00 | 358,250.00 | 184,959.00 |
| Cash at Beginning of Period | 482,374.00 | 1,074,036.00 | 716,782.00 | 532,756.00 |
| Cash at End of Period | 555,030.00 | 482,374.00 | 1,074,036.00 | 716,782.00 |
| Free Cash Flow | -705,805.00 | -549,535.00 | -410,317.00 | -370,591.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 2,360,736.00 | 2,479,857.00 | 1,802,735.00 | 2,025,231.00 | 2,052,972.00 |
| Current Assets | 1,931,807.00 | 2,081,580.00 | 1,402,692.00 | 1,621,661.00 | 1,649,845.00 |
| Cash and Short-Term Investments | 1,679,986.00 | 1,856,765.00 | 1,199,451.00 | 1,433,826.00 | 1,467,908.00 |
| Cash and Cash Equivalents | 334,764.00 | 1,284,324.00 | 403,247.00 | 555,030.00 | 461,451.00 |
| Short-Term Investments | 1,345,222.00 | 572,441.00 | 796,204.00 | 878,796.00 | 1,006,457.00 |
| Net Receivables | 65,259.00 | 55,033.00 | 47,746.00 | 52,012.00 | 42,317.00 |
| Inventory | 120,965.00 | 107,605.00 | 100,713.00 | 98,578.00 | 98,470.00 |
| Other Current Assets | 65,597.00 | 62,177.00 | 54,782.00 | 37,245.00 | 41,150.00 |
| Non-Current Assets | 428,929.00 | 398,277.00 | 400,043.00 | 403,570.00 | 403,127.00 |
| Property, Plant, Equipment Net | 116,618.00 | 117,227.00 | 116,785.00 | 115,582.00 | 110,246.00 |
| Goodwill | 136,110.00 | 136,110.00 | 136,110.00 | 136,110.00 | 136,110.00 |
| Intangible Assets | 84,588.00 | 56,126.00 | 57,389.00 | 58,652.00 | 59,915.00 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Non-Current Deferred Assets | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 91,613.00 | 88,814.00 | 89,759.00 | 93,226.00 | 96,856.00 |
| Liabilities | 1,415,165.00 | 1,230,122.00 | 1,703,576.00 | 1,739,852.00 | 1,569,557.00 |
| Current Liabilities | 417,214.00 | 311,681.00 | 239,233.00 | 297,528.00 | 259,188.00 |
| Payables and Expenses | 297,623.00 | 189,121.00 | 171,079.00 | 180,197.00 | 166,886.00 |
| Account Payables | 79,591.00 | 74,054.00 | 57,683.00 | 73,033.00 | 64,950.00 |
| Current Accrued Liabilities | 203,719.00 | 102,609.00 | 102,455.00 | 96,663.00 | 95,297.00 |
| Short-Term Debt | 7,379.00 | 6,662.00 | 6,559.00 | 12,319.00 | 10,504.00 |
| Other Current Liabilities | 112,212.00 | 115,898.00 | 61,595.00 | 105,012.00 | 81,798.00 |
| Non-Current Liabilities | 997,951.00 | 918,441.00 | 1,464,343.00 | 1,442,324.00 | 1,310,369.00 |
| Long-Term Debt | 568,902.00 | 568,846.00 | 1,136,814.00 | 1,136,558.00 | 989,364.00 |
| Other Non-Current Liabilities | 429,049.00 | 349,595.00 | 327,529.00 | 305,766.00 | 321,005.00 |
| Equity | 945,571.00 | 1,249,735.00 | 99,159.00 | 285,379.00 | 483,415.00 |
| Shareholders Equity | 945,571.00 | 1,249,735.00 | 99,159.00 | 285,379.00 | 483,415.00 |
| Capital Stock | 2,126.00 | 2,111.00 | 1,819.00 | 1,794.00 | 1,788.00 |
| Share Premium | 6,249,654.00 | 6,184,078.00 | 4,714,742.00 | 4,645,791.00 | 4,605,449.00 |
| Retained Earnings | -5,308,207.00 | -4,938,186.00 | -4,616,500.00 | -4,359,917.00 | -4,124,369.00 |
| Treasury Shares | 0 | 0 | 0 | 0 | 0 |
| Accumulated Other Comprehensive Income | 1,998.00 | 1,732.00 | -902.00 | -2,289.00 | 547.00 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| Debt | 576,281.00 | 575,508.00 | 1,143,373.00 | 1,148,877.00 | 999,868.00 |
| Net Debt | 204,955.00 | 0 | 701,821.00 | 548,352.00 | 493,380.00 |
| Common Shares Outstanding | 212,583.02 | 211,110.66 | 181,900.07 | 179,382.64 | 178,846.99 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 142,342.00 | 107,415.00 | 92,823.00 | 104,442.00 | 93,425.00 |
| Cost Of Revenue | 29,365.00 | 28,075.00 | 21,278.00 | 26,151.00 | 21,170.00 |
| Interest Income | 0 | 0 | 0 | 0 | 765.00 |
| Interest Expense | 19,040.00 | 19,569.00 | 19,747.00 | 19,802.00 | 20,334.00 |
| Non-Interest Expense | 186,376.00 | 154,763.00 | 147,545.00 | 142,515.00 | 118,930.00 |
| Gross Profit | 112,977.00 | 79,340.00 | 71,545.00 | 78,291.00 | 72,255.00 |
| Operating Expenses | 374,329.00 | 333,216.00 | 301,385.00 | 323,505.00 | 271,002.00 |
| Selling, General and Administrative Expenses | 186,376.00 | 154,763.00 | 147,545.00 | 142,515.00 | 118,930.00 |
| Research and Development Expenses | 186,415.00 | 177,190.00 | 152,577.00 | 179,727.00 | 150,809.00 |
| Operating Income | -261,352.00 | -253,876.00 | -229,840.00 | -245,214.00 | -198,747.00 |
| Net Non-Operating Income | -603.00 | 453.00 | 132.00 | -445.00 | 1,843.00 |
| EBT | -368,701.00 | -320,443.00 | -255,671.00 | -234,282.00 | -219,510.00 |
| Income Tax | 1,320.00 | 1,243.00 | 912.00 | 1,266.00 | 1,014.00 |
| Net Income Including Non-Controlling Interests | -370,021.00 | -321,686.00 | -256,583.00 | -235,548.00 | -220,524.00 |
| Net Income | -370,021.00 | -321,686.00 | -256,583.00 | -235,548.00 | -220,524.00 |
| EBIT | -349,661.00 | -300,874.00 | -235,924.00 | -214,480.00 | -199,176.00 |
| Deprecation and Amortization | 3,996.00 | 3,747.00 | 3,146.00 | 2,741.00 | 2,722.00 |
| EBITDA | -345,665.00 | -297,127.00 | -232,778.00 | -211,739.00 | -196,454.00 |
| EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Average Shares Outstanding Basic | 211,759.00 | 189,302.00 | 180,860.00 | 179,021.00 | 173,721.00 |
| Average Shares Outstanding Diluted | 211,759.00 | 189,302.00 | 180,860.00 | 179,021.00 | 173,721.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Operating Cash Flow | -219,761.00 | -205,569.00 | -262,088.00 | -195,979.00 | -180,916.00 |
| Operating Net Income | -370,021.00 | -321,686.00 | -256,583.00 | -235,548.00 | -220,524.00 |
| Deprecation and Amortization | 3,996.00 | 3,747.00 | 3,146.00 | 2,741.00 | 2,722.00 |
| Deferred Income Tax | 0 | 0 | 0 | 0 | 0 |
| Share Based Compensation | 31,433.00 | 42,976.00 | 39,262.00 | 26,554.00 | 25,545.00 |
| Change in Working Capital | 13,896.00 | 9,538.00 | -66,090.00 | 28,122.00 | -15,731.00 |
| Other Operating Activities | 100,935.00 | 59,856.00 | 18,177.00 | -17,848.00 | 27,072.00 |
| Investing Cash Flow | -762,233.00 | 227,835.00 | 80,412.00 | 131,758.00 | -1,003,471.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -2,418.00 | -3,484.00 | -10,070.00 | -6,772.00 | -3,689.00 |
| Net Purchase/Sale of Investments Net | -759,815.00 | 231,319.00 | 90,482.00 | 138,530.00 | -999,782.00 |
| Net Purchase/Sale of Business | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0.00 |
| Financing Cash Flow | 33,410.00 | 857,806.00 | 28,998.00 | 159,305.00 | 397,200.00 |
| Net Issuance/Repayment of Debt | -747.00 | -2,697.00 | -706.00 | 149,314.00 | -658.00 |
| Net Issuance/Repurchase of Equity | -256.00 | 0 | 0 | -12.00 | 370,978.00 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 34,413.00 | 0 | 0 | 10,003.00 | 26,880.00 |
| Net Change in Cash | -948,584.00 | 880,072.00 | -152,678.00 | 95,084.00 | -787,187.00 |
| Cash at Beginning of Period | 1,284,324.00 | 403,247.00 | 555,030.00 | 461,451.00 | 1,246,799.00 |
| Cash at End of Period | 334,764.00 | 1,284,324.00 | 403,247.00 | 555,030.00 | 461,451.00 |
| Free Cash Flow | -222,179.00 | -209,053.00 | -272,158.00 | -202,751.00 | -184,605.00 |