PODD · 8-K · 20260805PR000167
Free Cash Flow and Capex
INSULET CORP · 2026-08-05 · Importance 58 · Surprise 56 · No source text
Insulet generated $145.4 million of free cash flow during the first six months of 2026, down from $229.4 million in the prior-year period. Net cash provided by operating activities declined to $202.2 million from $260.3 million. Capital expenditures increased to $56.8 million from $30.9 million, representing approximately 3.6% of six-month revenue. The higher capital spending occurred while the company continued scaling operations to support revenue growth.
Key facts
- Free cash flow for the six months ended June 30, 2026: $145.4 million (net cash provided by operating activities $202.2 million less capital expenditures $56.8 million). source
- Three months ended June 30, 2026 adjusted EBITDA: $199.8 million, 24.9% of revenue; three months ended June 30, 2025 adjusted EBITDA: $157.5 million, 24.3% of revenue. source
- Six months ended June 30, 2026 adjusted EBITDA: $381.5 million, 24.4% of revenue; six months ended June 30, 2025 adjusted EBITDA: $291.5 million, 23.9% of revenue. source
- Six months capital expenditures: $56.8 million compared with $30.9 million in prior year six months. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +11.2% | Six months ended June 30, 2026 adjusted EBITDA: $381.5 million, 24.4% of revenue; six months ended June 30, 2025 adjusted EBITDA: $291.5… |
| operating_income | positive | realized | +5.3% | Three months ended June 30, 2026 adjusted EBITDA: $199.8 million, 24.9% of revenue; three months ended June 30, 2025 adjusted EBITDA:… |
| margin | positive | realized | +0.6% | Three months ended June 30, 2026 adjusted EBITDA: $199.8 million, 24.9% of revenue; three months ended June 30, 2025 adjusted EBITDA:… |
| margin | positive | realized | +0.5% | Six months ended June 30, 2026 adjusted EBITDA: $381.5 million, 24.4% of revenue; six months ended June 30, 2025 adjusted EBITDA: $291.5… |
| cash | positive | realized | — | Free cash flow for the six months ended June 30, 2026: $145.4 million (net cash provided by operating activities $202.2 million less… |