Insulet Corporation stock research
FY2025 Q1
Insulet (PODD) Gross Margin — Quarter Ended Mar 31, 2025
Revenue decreased from the prior quarter but increased compared to the same quarter last year. Gross margin weakened slightly from the prior quarter but improved year over year, reflecting changes in the relationship between revenue and cost of revenue.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue decreased from the prior quarter but increased compared to the same quarter last year. Gross margin weakened slightly from the prior quarter but improved year over year, reflecting changes in the relationship between revenue and cost of revenue.
- The strongest observable margin driver is the year-over-year improvement in gross margin, which occurred alongside higher revenue and a slower increase in cost of revenue.
- Compared to the immediately preceding quarter, gross margin was slightly lower, while compared to the same quarter one year earlier, it was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
71.9%
Gross profit
$409.0M
Revenue
$569.0M
Cost of revenue
$159.9M
Quarter-over-quarter change
-0.2 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, 2024 | $488.5M | $330.9M | $157.6M | 67.7% |
| Sep 30, 2024 | $543.9M | $377.1M | $166.8M | 69.3% |
| Dec 31, 2024 | $597.5M | $430.9M | $166.6M | 72.1% |
| Mar 31, 2025 | $569.0M | $409.0M | $159.9M | 71.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.2 pts
Year-over-year change
Mar 31, 2024
+2.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, which occurred alongside higher revenue and a slower increase in cost of revenue.
Compared to the immediately preceding quarter, gross margin was slightly lower, while compared to the same quarter one year earlier, it was higher.
Monitor the ratio of cost of revenue to revenue, as its movement directly affects gross margin trends.