Inogen, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Discontinued Operations

Discontinued Operations

9 Months Ended

Sep. 30, 2026

Discontinued Operations and Disposal Groups [Abstract]

3. Discontinued Operations

During the three months ended September 30, 2026, the Company determined that the Rental Business met the held-for-sale and discontinued operations accounting criteria as discussed above in Note 2.

On November 2, 2026, the Company completed the Transaction in consideration for an aggregate purchase price of up to $24,800, payable in six installments commencing on January 4, 2027 and subject to a post-closing reconciliation based on the actual assets transferred and administrative fees for patient transfers completed following the closing of the Transaction. The estimated gain or loss on disposal, together with the results of operations of the Rental Business through the closing date of the Transaction, will be reported in income (loss) from discontinued operations, net of tax in the consolidated statements of comprehensive loss in the fourth quarter of 2026.

Summarized Discontinued Operations Financial Information

The following table summarizes the major line items for the Rental Business that are included in loss from discontinued operations, net of tax in the consolidated statements of comprehensive loss for each of the periods presented:


	Three months ended September 30,						Nine months ended September 30,
	2026			2025			2026			2025
Rental revenue	$	11,313		$	13,300		$	35,578		$	40,215
Cost of rental revenue		6,935			8,149			20,867			23,441
Gross profit		4,378			5,151			14,711			16,774
Operating expense
Sales and marketing		3,817			4,810			11,758			13,336
General and administrative		1,922			2,022			5,864			5,883
Total operating expense		5,739			6,832			17,622			19,219
Loss from discontinued operations, net of tax	$	(1,361	)	$	(1,681	)	$	(2,911	)	$	(2,445	)

The following table summarizes the carrying amounts of major classes of assets and liabilities for the Rental Business that are included in assets and liabilities of discontinued operations in consolidated balance sheets for each of the periods presented:


	September 30,		December 31,
	2026		2025
Accounts receivable, net		-		4,725
Property and equipment, net		20,574		26,299
Other assets		-		1,266
Total assets	$	20,574	$	32,290
Accounts payable and accrued expenses	$	-	$	2,571
Deferred revenue		-		2,286
Total liabilities	$	-	$	4,857

Assets and liabilities of discontinued operations retained by the Company represent accounts receivable, net, other assets, accounts payable and accrued expenses, and deferred revenue.