Inari Medical, Inc. (NARI) Financial Statements (2024 and earlier)

Company Profile

Business Address 6001 OAK CANYON, SUITE 100
IRVINE, CA 92618
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:326,401176,10085,011
Cash and cash equivalents60,22292,752 
Short-term investments266,17983,34849,981
Other undisclosed cash, cash equivalents, and short-term investments   35,030
Restricted cash and investments   50
Receivables58,61142,35128,008
Inventory, net of allowances, customer advances and progress billings32,58121,05310,597
Inventory32,58121,05310,597
Capitalized contract cost   228
Other undisclosed current assets5,3125,69481,779
Total current assets:422,905245,198205,673
Noncurrent Assets
Operating lease, right-of-use asset50,70344,909 
Property, plant and equipment21,65516,4717,498
Long-term investments and receivables  3,983 
Long-term investments  3,983 
Restricted cash and investments   338
Other undisclosed noncurrent assets8,889981583
Total noncurrent assets:81,24766,3448,419
TOTAL ASSETS:504,152311,542214,092
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities46,61430,97411,245
Employee-related liabilities24,4338,198
Accounts payable7,6596,5413,047
Accrued liabilities38,955  
Other undisclosed current liabilities9,56011,5392,593
Total current liabilities:56,17442,51313,838
Noncurrent Liabilities
Long-term debt and lease obligation:  28,404 
Liabilities, other than long-term debt30,9761,416 
Other liabilities  1,416 
Operating lease, liability30,97628,404 
Total noncurrent liabilities:30,97629,820 
Total liabilities:87,15072,33313,838
Equity
Equity, attributable to parent417,002239,209200,254
Common stock545049
Additional paid in capital462,949257,144227,624
Accumulated other comprehensive income (loss)849(402)4
Accumulated deficit(46,850)(17,583)(27,423)
Total equity:417,002239,209200,254
TOTAL LIABILITIES AND EQUITY:504,152311,542214,092

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues383,471276,984139,670
Cost of revenue
(Cost of Goods and Services Sold)
(44,506)(24,757)(13,106)
Gross profit:338,965252,227126,564
Operating expenses(367,064)(241,383)(108,145)
Operating income (loss):(28,099)10,84418,419
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,914(159)(4,630)
Interest and debt expense(294)(295)(648)
Income (loss) from continuing operations before equity method investments, income taxes:(26,479)10,39013,141
Other undisclosed income from continuing operations before income taxes294295648
Income (loss) from continuing operations before income taxes:(26,185)10,68513,789
Income tax expense(3,082)(845) 
Income (loss) from continuing operations:(29,267)9,84013,789
Income before gain (loss) on sale of properties:9,84013,789
Net income (loss) available to common stockholders, diluted:(29,267)9,84013,789

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(29,267)9,84013,789
Other comprehensive income (loss)1,251(406) 
Other undisclosed comprehensive income   
Comprehensive income (loss):(28,016)9,43413,789
Other undisclosed comprehensive income, net of tax, attributable to parent  4
Comprehensive income (loss), net of tax, attributable to parent:(28,016)9,43413,793

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: