Insulet Corporation stock research
FY2025 Q4
Insulet (PODD) Gross Margin — Quarter Ended Dec 31, 2025
Revenue and gross profit were higher than both the immediately preceding quarter and the same quarter one year earlier, while cost of revenue also increased. The gross margin improved slightly compared to both periods, indicating that gross profit grew at a faster pace than cost of revenue relative to revenue.
Gross margin takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue and gross profit were higher than both the immediately preceding quarter and the same quarter one year earlier, while cost of revenue also increased. The gross margin improved slightly compared to both periods, indicating that gross profit grew at a faster pace than cost of revenue relative to revenue.
- The strongest observable margin driver is the consistent upward trend in gross margin, which reached its highest level among the three reported quarters.
- Compared to the prior quarter, all key metrics—revenue, gross profit, and cost of revenue—were higher, and gross margin improved. Year-over-year, the same directional pattern held: each metric was higher, and gross margin also increased.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
72.5%
Gross profit
$568.6M
Revenue
$783.8M
Cost of revenue
$215.2M
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+0.4 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 |
|---|---|---|---|---|
| Mar 31, 2025 | $569.0M | $409.0M | $159.9M | 71.9% |
| 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% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2025
+0.3 pts
Year-over-year change
Dec 31, 2024
+0.4 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the consistent upward trend in gross margin, which reached its highest level among the three reported quarters.
Compared to the prior quarter, all key metrics—revenue, gross profit, and cost of revenue—were higher, and gross margin improved. Year-over-year, the same directional pattern held: each metric was higher, and gross margin also increased.
Monitor the cost of revenue as the company continues to manufacture and sell its Omnipod product platform, given its direct influence on gross margin.