Insulet Corporation (PODD) Balance Sheet
PODD balance sheet, 2025
December 31, 2025 · U.S. dollars$3.19B assets = $1.68B liabilities + $1.52B equity
Both columns are drawn to the same scale: what PODD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PODD financial health
Current ratio2.78
Comfortable · current assets cover current liabilities 2.78×
Debt / equity0.69
Moderate leverage · $0.69 of debt for each $1 of equity
Equity / assets47.5%
Equity-funded · of assets funded by shareholders
Cash / debt68.1%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles5.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
PODD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $456.6M2016 | $3.19B2025 | +24.1%/yr | |
| Total liabilities | $393.5M2016 | $1.68B2025 | +17.5%/yr | |
| Shareholders’ equity | $63.1M2016 | $1.52B2025 | +42.3%/yr | |
| Cash & short-term investments | $298.6M2016 | $716.1M2025 | +10.2%/yr | |
| Total debt | $333.0M2016 | $1.05B2025 | +13.6%/yr | |
| Net cash (debt) | −$34.5M2016 | −$334.7M2025 | −$300.2M | |
| Working capital | $314.3M2016 | $1.21B2025 | +$894.3M | |
| Book value per share | $1.102016 | $21.082025 | +38.8%/yr | |
| Current ratio | 6.642016 | 2.782025 | −3.87 | |
| Debt / equity | 5.272016 | 0.692025 | −4.58 | |
| Shares outstanding | 57.3M2016 | 71.9M2025 | +2.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PODD assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
PODD liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
PODD debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PODD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $716.1M | $953.4M | $704.2M | $674.7M | $791.6M | $947.6M | $376.1M | $288.9M | $440.1M | $298.6M |
| Cash & equivalents | $716.1M | $953.4M | $650.7M | $623.9M | $791.6M | $947.6M | $376.1M | $113.9M | $440.1M | $137.2M |
| Short-term investments | — | — | $53.5M | $50.8M | $0 | $40.4M | $162.4M | $175.0M | $167.5M | $161.4M |
| Receivables | $516.9M | $365.5M | $359.7M | $205.6M | $161.0M | $83.8M | $82.8M | $76.7M | $53.4M | $28.8M |
| Inventory | $452.6M | $430.4M | $402.6M | $346.8M | $303.2M | $154.3M | $101.0M | $71.4M | $33.8M | $35.5M |
| Other current assets | $203.1M | $121.9M | $99.8M | $71.7M | $74.0M | $63.0M | $31.1M | $17.0M | $9.9M | $7.1M |
| Total current assets | $1.89B | $1.87B | $1.57B | $1.30B | $1.33B | $1.25B | $591.0M | $454.0M | $537.2M | $370.0M |
| Property, plant & equipment (net) | $863.2M | $759.8M | $692.8M | $625.9M | $536.5M | $478.7M | $399.4M | $258.4M | $107.9M | $46.3M |
| Goodwill & intangible assets | $168.7M | $150.0M | $150.4M | $127.2M | $76.4M | $68.5M | $53.0M | $50.0M | $44.2M | $40.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $58.4M | $140.8M | $125.5M | $0 |
| Other non-current assets | $269.8M | $306.7M | $178.7M | $199.2M | $106.1M | $77.0M | $41.1M | $25.5M | $2.0M | $216,000 |
| Total assets | $3.19B | $3.09B | $2.59B | $2.25B | $2.05B | $1.87B | $1.14B | $928.7M | $816.7M | $456.6M |
| Liabilities | ||||||||||
| Accounts payable | $75.0M | $19.8M | $19.2M | $30.8M | $37.7M | $54.1M | $54.5M | $25.5M | $24.4M | $13.2M |
| Short-term debt | $22.2M | $85.9M | $52.9M | $31.1M | $25.1M | $15.6M | $3.6M | — | $566.2M | $269,000 |
| Deferred revenue | $14.0M | $12.0M | $15.4M | $16.1M | $3.5M | $5.4M | $3.2M | $1.2M | $2.4M | $1.3M |
| Total current liabilities | $680.1M | $528.4M | $451.2M | $364.7M | $228.8M | $207.8M | $157.7M | $115.7M | $86.0M | $55.7M |
| Long-term debt | $930.8M | $1.30B | $1.37B | $1.37B | $1.25B | $1.04B | $887.9M | $592.0M | $566.2M | $332.8M |
| Lease obligations | — | — | — | — | — | — | — | — | — | $269,000 |
| Other long-term liabilities | $64.3M | $51.6M | $37.9M | $35.7M | $14.9M | $17.8M | $21.4M | $9.0M | $6.0M | $5.0M |
| Total liabilities | $1.68B | $1.88B | $1.86B | $1.77B | $1.49B | $1.27B | $1.07B | $716.6M | $658.2M | $393.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $59,000 | $58,000 | $57,000 |
| Retained earnings (deficit) | $287.4M | $40.3M | −$378.0M | −$584.3M | −$649.5M | −$666.3M | −$672.0M | −$683.6M | −$707.3M | −$680.4M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $13.2M | −$13.2M | $8.0M | $20.0M | −$2.2M | $5.5M | −$1.2M | −$2.9M | −$493,000 | −$726,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.52B | $1.21B | $732.7M | $476.4M | $556.3M | $603.6M | $75.9M | $212.1M | $158.5M | $63.1M |
| Key figures | ||||||||||
| Total debt | $1.05B | $1.42B | $1.45B | $1.43B | $1.27B | $1.06B | $891.5M | $592.0M | $566.2M | $333.0M |
| Net cash (debt) | −$334.7M | −$468.6M | −$744.6M | −$758.1M | −$482.3M | −$111.7M | −$515.4M | −$303.0M | −$126.1M | −$34.5M |
| Working capital | $1.21B | $1.34B | $1.12B | $934.1M | $1.10B | $1.04B | $433.3M | $338.4M | $451.1M | $314.3M |
| Tangible book value | $1.35B | $1.06B | $582.3M | $349.2M | $479.9M | $535.1M | $22.9M | $162.1M | $114.3M | $22.9M |
| Book value per share | $21.08 | $16.40 | $9.95 | $6.81 | $8.11 | $9.15 | $1.22 | $3.48 | $2.73 | $1.10 |
| Shares outstanding | 71.9M | 73.9M | 73.6M | 69.9M | 68.6M | 65.9M | 62.3M | 61.0M | 58.0M | 57.3M |
| Current ratio | 2.78 | 3.54 | 3.47 | 3.56 | 5.81 | 6.01 | 3.75 | 3.93 | 6.24 | 6.64 |
| Quick ratio | 1.81 | 2.50 | 2.36 | 2.41 | 4.16 | 4.96 | 2.91 | 3.16 | 5.74 | 5.88 |
| Debt / equity | 0.69 | 1.17 | 1.98 | 3.01 | 2.29 | 1.75 | 11.75 | 2.79 | 3.57 | 5.27 |
| Equity / assets | 47.5% | 39.2% | 28.3% | 21.2% | 27.2% | 32.2% | 6.6% | 22.8% | 19.4% | 13.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $534.9M | $480.4M | $716.1M | $757.4M | $1.12B | $1.28B | $953.4M | $902.6M | $821.0M | $751.2M | $704.2M | $685.4M |
| Cash & equivalents | $534.9M | $480.4M | $716.1M | $757.4M | $992.9M | $1.28B | $953.4M | $902.6M | $715.5M | $696.9M | $650.7M | $580.7M |
| Short-term investments | — | — | — | — | $128.7M | — | — | — | $105.5M | $54.3M | $53.5M | $104.7M |
| Receivables | $588.7M | $544.7M | $516.9M | $462.2M | $444.5M | $402.3M | $365.5M | $375.6M | $348.6M | $320.5M | $359.7M | $270.3M |
| Inventory | $484.8M | $462.5M | $452.6M | $446.3M | $446.9M | $440.8M | $430.4M | $444.9M | $430.9M | $430.6M | $402.6M | $410.8M |
| Other current assets | $240.7M | $221.9M | $203.1M | $193.5M | $244.1M | $180.8M | $121.9M | $118.5M | $130.6M | $99.3M | $99.8M | $88.2M |
| Total current assets | $1.85B | $1.71B | $1.89B | $1.86B | $2.26B | $2.31B | $1.87B | $1.84B | $1.73B | $1.60B | $1.57B | $1.45B |
| Property, plant & equipment (net) | $858.6M | $830.4M | $863.2M | $724.1M | $720.4M | $718.7M | $759.8M | $702.9M | $677.9M | $667.7M | $692.8M | $649.2M |
| Goodwill & intangible assets | $166.7M | $166.8M | $168.7M | $156.6M | $154.0M | $151.3M | $150.0M | $151.3M | $150.2M | $150.2M | $150.4M | $151.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $290.7M | $280.5M | $269.8M | $289.2M | $337.7M | $340.3M | $306.7M | $329.6M | $322.4M | $204.5M | $178.7M | $212.6M |
| Total assets | $3.17B | $2.99B | $3.19B | $3.03B | $3.47B | $3.52B | $3.09B | $3.03B | $2.88B | $2.62B | $2.59B | $2.47B |
| Liabilities | ||||||||||||
| Accounts payable | $123.3M | $149.8M | $75.0M | $48.2M | $96.1M | $57.6M | $19.8M | $40.3M | $76.8M | $75.9M | $19.2M | $77.8M |
| Short-term debt | $18.9M | $18.6M | $22.2M | $96.4M | $478.4M | $83.1M | $85.9M | $42.0M | $37.9M | $38.9M | $52.9M | $49.8M |
| Deferred revenue | — | — | $14.0M | $16.5M | $17.4M | $15.4M | $12.0M | $22.8M | $21.9M | $18.2M | $15.4M | $13.8M |
| Total current liabilities | $744.2M | $687.5M | $680.1M | $647.7M | $1.01B | $520.4M | $528.4M | $506.2M | $486.0M | $432.4M | $451.2M | $451.4M |
| Long-term debt | $929.5M | $929.5M | $930.8M | $934.9M | $939.0M | $1.61B | $1.30B | $1.36B | $1.36B | $1.36B | $1.37B | $1.37B |
| Other long-term liabilities | $69.2M | $67.6M | $64.3M | $62.6M | $57.1M | $53.9M | $51.6M | $44.9M | $37.3M | $38.3M | $37.9M | $38.2M |
| Total liabilities | $1.74B | $1.68B | $1.68B | $1.65B | $2.01B | $2.19B | $1.88B | $1.91B | $1.88B | $1.83B | $1.86B | $1.86B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Retained earnings (deficit) | $473.5M | $378.5M | $287.4M | $185.8M | $98.2M | $75.7M | $40.3M | −$60.4M | −$137.9M | −$326.5M | −$378.0M | −$481.3M |
| Accumulated other comprehensive income | $1.9M | $5.6M | $13.2M | $13.1M | $16.3M | −$6.0M | −$13.2M | $19.7M | −$4.4M | −$500,000 | $8.0M | $7.6M |
| Total shareholders' equity | $1.42B | $1.30B | $1.52B | $1.38B | $1.46B | $1.33B | $1.21B | $1.12B | $998.4M | $790.7M | $732.7M | $607.5M |
| Key figures | ||||||||||||
| Total debt | $948.4M | $948.1M | $1.05B | $1.03B | $1.42B | $1.70B | $1.42B | $1.40B | $1.40B | $1.40B | $1.45B | $1.42B |
| Net cash (debt) | −$413.5M | −$467.7M | −$334.7M | −$273.9M | −$295.8M | −$412.3M | −$468.6M | −$495.7M | −$576.8M | −$650.3M | −$744.6M | −$735.0M |
| Working capital | $1.10B | $1.02B | $1.21B | $1.21B | $1.25B | $1.79B | $1.34B | $1.34B | $1.25B | $1.17B | $1.12B | $1.00B |
| Tangible book value | $1.26B | $1.14B | $1.35B | $1.23B | $1.31B | $1.18B | $1.06B | $966.7M | $848.2M | $640.5M | $582.3M | $456.3M |
| Book value per share | $20.49 | $18.56 | $21.44 | $19.59 | $20.71 | $17.96 | $16.36 | $15.12 | $13.53 | $10.72 | $10.49 | $8.25 |
| Shares outstanding | 69.4M | 70.2M | 70.7M | 70.7M | 70.6M | 74.1M | 74.1M | 74.0M | 73.8M | 73.7M | 69.9M | 73.6M |
| Current ratio | 2.48 | 2.49 | 2.78 | 2.87 | 2.23 | 4.43 | 3.54 | 3.64 | 3.56 | 3.70 | 3.47 | 3.22 |
| Quick ratio | 1.51 | 1.49 | 1.81 | 1.88 | 1.55 | 3.24 | 2.50 | 2.53 | 2.41 | 2.48 | 2.36 | 2.12 |
| Debt / equity | 0.67 | 0.73 | 0.69 | 0.75 | 0.97 | 1.27 | 1.17 | 1.25 | 1.40 | 1.77 | 1.98 | 2.34 |
| Equity / assets | 44.9% | 43.6% | 47.5% | 45.7% | 42.2% | 37.8% | 39.2% | 37.0% | 34.6% | 30.1% | 28.3% | 24.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 18, 2026); data from EODHD.
PODD financial position
At the end of fiscal 2025 (December 31, 2025), Insulet had total assets of $3.2 billion (up 3.3% from a year earlier), total liabilities of $1.7 billion and shareholders' equity of $1.5 billion. It held $716.1 million in cash and short-term investments against $1.1 billion of debt, net debt of $334.7 million. Its current ratio was 2.78. In the latest quarter (ended June 30, 2026) total assets were $3.2 billion and equity $1.4 billion.
Related: PODD income statement, PODD cash flow statement, PODD key metrics. See the PODD stock overview for the latest quote and news.
PODD balance sheet FAQ
What are Insulet's total assets?
Insulet reported total assets of $3.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.1 billion a year earlier.
How much debt does Insulet have?
Insulet had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.69.
How much cash does Insulet have?
Insulet held $716.1 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $334.7 million.
What is Insulet's book value?
Insulet's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $21.08 per share.
What is Insulet's current ratio?
Insulet had current assets of $1.9 billion and current liabilities of $680.1 million, a current ratio of 2.78 (it can cover its short-term obligations).
How much goodwill does Insulet have?
Insulet carried $168.7 million of goodwill and intangible assets, 5.3% of total assets, at the end of fiscal 2025.