Insulet (PODD) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose relative to the immediate prior quarter and also posted an increase compared to the same period one year earlier. The company’s financial position strengthened, with a lower debt-to-capital ratio.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose relative to the immediate prior quarter and also posted an increase compared to the same period one year earlier. The company’s financial position strengthened, with a lower debt-to-capital ratio.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$488.5M
Revenue reported for this quarter.
Quarter-over-quarter
+10.6%
Change from the immediately preceding quarter.
Year-over-year
+23.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $432.7M | +27.0% |
| Dec 31, 2023 | $509.8M | +37.9% |
| Mar 31, 2024 | $441.7M | +23.3% |
| Jun 30, 2024 | $488.5M | +23.2% |
Revenue performance
The reported revenue continued on an upward trajectory, reflecting sustained growth.
Quarterly comparison
Sequentially, revenue increased from the preceding quarter. On a year-over-year basis, revenue was higher than the same quarter a year ago.
What to watch
The improvement in the net debt-to-total capital ratio indicates ongoing deleveraging, which may be a focus for future quarters.