Insulet Corporation stock research
FY2026 Q1
Insulet (PODD) Gross Margin & Quarterly History
Explore Insulet Corporation (PODD) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit both decreased from the prior quarter, while cost of revenue increased, resulting in a lower gross margin. Compared to the same quarter last year, revenue and gross profit were higher, but gross margin weakened.
- The gross margin declined sequentially as cost of revenue grew while revenue fell, indicating a disproportionate increase in costs relative to sales. The year-over-year comparison shows that despite higher revenue, margin compression occurred.
- Compared to the immediately preceding quarter, gross margin was lower, driven by a larger decline in gross profit relative to revenue. Versus the same quarter one year earlier, gross margin was also lower, as cost of revenue increased at a faster pace than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
69.5%
Gross profit
$529.1M
Revenue
$761.7M
Cost of revenue
$232.7M
Quarter-over-quarter change
-3.1 pts
Year-over-year change
-2.4 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $649.1M | $452.2M | $196.9M | 69.7% |
| Sep 30, 2025 | $706.3M | $510.1M | $196.2M | 72.2% |
| Dec 31, 2025 | $783.8M | $568.6M | $215.2M | 72.5% |
| Mar 31, 2026 | $761.7M | $529.1M | $232.7M | 69.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-3.1 pts
Year-over-year change
Mar 31, 2025
-2.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin declined sequentially as cost of revenue grew while revenue fell, indicating a disproportionate increase in costs relative to sales. The year-over-year comparison shows that despite higher revenue, margin compression occurred.
Compared to the immediately preceding quarter, gross margin was lower, driven by a larger decline in gross profit relative to revenue. Versus the same quarter one year earlier, gross margin was also lower, as cost of revenue increased at a faster pace than revenue.
Monitor the trend in cost of revenue relative to revenue, as its growth outpaced revenue in both sequential and year-over-year comparisons.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Insulet Corporation (PODD) | 69.5% |