DENVER, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Inspirato Incorporated ("Inspirato" or the "Company") (Nasdaq: ISPO), the premier luxury vacation club and property technology company, today reported results for the third quarter ("Q3 2025") ended September 30, 2025.
Q3 2025 Highlights:
-- Net loss of $4.5 million and adjusted EBITDA of negative $0.1 million,
representing a $3.3 million or 97% year-over-year adjusted EBITDA
improvement.
-- Gross margin of $17.4 million, driven by portfolio optimization and a
more efficient business model. Cost of revenue and adjusted EBITDA for
year-to-date 2025 have been negatively impacted by foreign exchange rates
as a result of a weakening U.S. dollar relative to the Euro, which
created an unfavorable impact of $2.0 million year-to-date.
-- Cash operating expenses declined by $6.9 million or 26% year-over-year,
reflecting a continued focus on operational improvements.
-- Occupancy of 56%, with average daily rates ("ADR") increasing 20% to
$1,742.
-- As of September 30, 2025, the Company reported 10,700 active memberships,
underscoring its focus on high-quality, recurring revenue.
Management Commentary:
Chairman and Chief Executive Officer ("CEO") Payam Zamani commented, "Our results for the third quarter, highlighted by our 97% year-over-year adjusted EBITDA improvement, reflect the material progress we've made to reducing our fixed commitments without compromising the guest experience. Year-to-date, we've increased our adjusted EBITDA by $13.2 million and operating cash flow by $15.0 million, underscoring the longer-term impact of these efforts. More recently, we also reviewed and renegotiated hundreds of vendor contracts, resulting in $4.0 million of additional annualized savings. In the quarter, we also began pre-sales for our new Pass membership launching in January, redesigned to deliver an innovative new way to travel that creates greater value and flexibility for our members while advancing Inspirato's mission to reinvent luxury travel. We believe that the changes we've made over the past year have set the business up for efficient growth in 2026 and beyond. We are now focused on accelerating our transformation as we begin investing in our technology."
2025 Guidance
Inspirato is reinstating its previously issued guidance and tightening the range for its 2025 outlook. For the full-year 2025, the Company expects:
-- Adjusted EBITDA of $2 to $4 million -- Cash operating expenses between $80 and $85 million -- Full year expected revenue of $235 to $240 million
CFO Transition:
Additionally, Inspirato announced today that Michael Arthur, Chief Financial Officer ("CFO"), has resigned from his position to pursue another opportunity. Mr. Arthur will remain with the Company through the end of 2025 to support a smooth transition. The Company will initiate a search for a permanent CFO with the experience and capabilities to advance Inspirato's strategic and financial objectives.
"I'm grateful to Michael for his leadership and partnership during a period of significant transformation for Inspirato. His contributions have helped position the Company for a strong next chapter, and we wish him continued success in his future endeavors," said Chairman and CEO Payam Zamani.
"It has been an honor to serve as CFO of Inspirato and work alongside such a talented and dedicated team," said Mr. Arthur. "Together, we've strengthened the Company's financial foundation and advanced key strategic priorities that position Inspirato for long-term growth and profitability. I'm confident in the Company's future and committed to ensuring a smooth transition."
2025 Third Quarter Earnings Call and Webcast
Company Chairman and CEO, Payam Zamani, and CFO, Michael Arthur, will host a conference call on Wednesday, November 5, 2025, to discuss Inspirato's operating and financial results.
To listen to the audio webcast and Q&A, please visit the Inspirato Investor Relations website at investor.inspirato.com. An audio replay of the webcast will be available on the Inspirato Investor Relations website shortly after the call.
Conference Call and Webcast
Date/Time: Wednesday, November 5, 2025, at 11:00 AM ET / 9:00 AM MT
Dial-In: https://register-conf.media-server.com/register/BI389811593d9e449fa3fe114411985491
Webcast: https://edge.media-server.com/mmc/p/xw66sb59/
2025 Third Quarter Financial Results and Operational Metrics:
The following table provides the components of gross margin for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended September 30, Nine Months Ended September 30,
-------------------------------------
(in millions other
than percentages,
unaudited) 2025 2024 % Change 2025 2024 % Change
------------------- ---------- ----- ------------- ----------- ----- ------------
Residence and hotel
travel $25.9 $ 33.1 (21.9)% $ 89.1 $106.4 (16.3)%
Experiences and
bespoke travel 8.0 9.5 (15.3)% 25.9 24.7 4.8%
---- --- ----- ----- --- -----
Total Travel 33.9 42.6 (20.5)% 115.0 131.1 (12.3)%
Subscription revenue 19.3 23.0 (16.3)% 59.5 76.3 (22.0)%
Rewards and other
revenue 2.3 3.5 (34.6)% 10.0 9.3 6.5%
---- --- ----- ----- --- -----
Total revenue 55.5 69.1 (19.6)% 184.5 216.7 (14.9)%
Cost of revenue 38.1 49.6 (23.2)% 124.2 149.3 (16.8)%
Gain on lease
termination -- (29.9) (100.0)% -- (29.9) (100.0)%
---- --- ----- ----- --- -----
Gross margin $17.4 $ 49.4 (64.7)% $ 60.3 $ 97.3 (38.0)%
==== === ===== ===== === =====
Gross margin (%) 31% 71% (40.1 ) pp 33% 45% (12.2 ) pp
n/m = not meaningful
pp = percentage points
The following table provides a breakdown of Nights Delivered, Occupancy, and ADR for the three and nine months ended September 30, 2025 and 2024:
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------------
2025 2024 2025 2024
------ --- ------ ------- ---
Residences
Paid Nights
Delivered 10,000 15,600 33,800 46,100
Total Nights
Delivered 14,200 23,200 48,500 70,500
Occupancy 54% 71% 62% 73%
ADR $ 2,088 $ 1,624 $ 2,072 $ 1,724
Hotels
Paid Nights
Delivered(1) 5,800 7,900 18,200 25,300
Total Nights
Delivered(1) 8,100 12,300 26,600 42,100
Occupancy(2) 75% 82% 72% 76%
ADR(1) $ 1,142 $ 1,105 $ 1,257 $ 1,063
Total
Paid Nights
Delivered(1) 15,800 23,500 52,000 71,400
Total Nights
Delivered(1) 22,300 35,600 75,100 112,600
Occupancy(2) 56% 73% 63% 73%
ADR(1) $ 1,742 $ 1,449 $ 1,787 $ 1,492
(1) Includes net-rate hotel nights.
(2) Excludes net-rate hotel nights as we purchase individual nights but do not have a total number of nights obligation.
The following table shows our approximate total number of Active Memberships as of September 30, 2025 and 2024:
September 30,
---------------
2025 2024
------
Club 9,500 10,700
Pass 1,100 1,700
Invited 100 --
------- ------
Total Active Memberships 10,700 12,400
======= ======
Reconciliation of Non- GAAP Financial Measures
In addition to Inspirato's results determined in accordance with GAAP, Inspirato uses Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow as part of its overall assessment of performance, including the preparation of its annual operating budget and quarterly forecasts, to evaluate the effectiveness of its business strategies and to communicate with its Board concerning our business and financial performance. Inspirato believes that these non-GAAP financial measures provide useful information to investors about its business and financial performance, enhance their overall understanding of our past performance and future prospects, and allow for greater transparency with respect to metrics used by its management in their financial and operational decision making. Inspirato is presenting these non-GAAP financial measures to assist investors in seeing its business and financial performance through the eyes of management, and because we believe that these non-GAAP financial measures provide an additional tool for investors to use in comparing results of operations of our business over multiple periods with other companies in our industry.
There are limitations related to the use of these non-GAAP financial measures, including that they exclude significant expenses that are required by GAAP to be recorded in Inspirato's financial measures. Other companies may calculate non-GAAP financial measures differently or may use other measures to calculate their financial performance, and therefore, our non-GAAP financial measures may not be directly comparable to similarly titled measures of other companies. Thus, these non-GAAP financial measures should be considered in addition to, and not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to any measures derived in accordance with GAAP.
Inspirato provides a reconciliation of Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow to their respective related GAAP financial measures. Inspirato encourages investors and others to review our business, results of operations, and financial information in its entirety, not to rely on any single financial measure, and to view Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow in conjunction with their respective related GAAP financial measures.
Adjusted EBITDA. Adjusted EBITDA is a non-GAAP financial measure that Inspirato defines as net (loss) income and comprehensive (loss) income less interest expense, net, income tax expense, depreciation and amortization, equity--based compensation, and loss (gain) on fair value instruments. Adjusted EBITDA Margin is defined as Adjusted EBITDA as a percentage of total revenue for the same period.
The above items are excluded from Inspirato's Adjusted EBITDA measure because management believes that these costs and expenses are not indicative of core operating performance and do not reflect the underlying economics of Inspirato's business.
Free Cash Flow. Inspirato defines Free Cash Flow as net cash used in operating activities less purchases of property and equipment and development of internal-use software. Inspirato believes that Free Cash Flow is a meaningful indicator of liquidity that provides information to management and investors about the amount of cash generated from operations, after purchases of property and equipment and development of internal-use software, that can be used for strategic initiatives, if any.
See below for reconciliations of non-GAAP financial measures.
Key Business and Other Operating Metrics
Inspirato uses a number of operating and financial metrics, including the following key business metrics, to evaluate its business, measure its performance, identify trends affecting its business, formulate financial projections and business plans, and make strategic decisions. Inspirato regularly reviews and may adjust processes for calculating its internal metrics to improve their accuracy.
Active Memberships. Inspirato uses Active Memberships to assess the adoption of its membership subscription offerings, which is a key factor in assessing penetration of the market in which it operates and a key driver of revenue. Inspirato defines Active Memberships as membership subscriptions as of the measurement date that are paid in full, as well as those for which Inspirato expects payment for renewal.
Average Daily Rates ("ADR") and Total Occupancy. Inspirato defines ADR as the total paid travel revenue, divided by total paid nights, which includes Inspirato for Good ("IFG") and Inspirato for Business ("IFB"), in both leased residences or hotel rooms and suites. ADR does not include Pass nights utilized. Occupancy is defined as all paid, Pass, IFG, IFB, employee and complimentary nights in all at-risk properties divided by the total number of at-risk nights available. Net-rate hotel partners are excluded from Hotel Occupancy as these are dependent on the hotel having capacity for Inspirato requests.
Inspirato Incorporated
Condensed Consolidated Statements of Operations and
Comprehensive (Loss) Income
(in thousands, except per share amounts, unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
------------------- ----------------------
2025 2024 2025 2024
------- -------
Revenue $55,541 $ 69,114 $184,538 $216,741
Cost of revenue 38,120 49,620 124,200 149,345
Gain on lease
termination -- (29,895) -- (29,895)
------ ------- ------- -------
Gross margin 17,421 49,389 60,338 97,291
General and
administrative 9,658 19,795 31,396 48,438
Sales and
marketing 5,706 7,209 16,038 24,707
Operations 3,820 5,269 13,232 17,058
Technology and
development 929 1,728 3,133 6,044
Depreciation and
amortization 948 1,010 2,967 3,024
Interest
expense, net 513 454 1,467 1,150
Loss (gain) on
fair value
instruments 281 158 55 (3,675)
Restructuring
charges -- 6,985 -- 6,985
Other expense
(income), net 2 8 53 (269)
------ ------- ------- -------
(Loss) income
and
comprehensive
(loss) income
before income
taxes (4,436) 6,773 (8,003) (6,171)
Income tax
expense 85 151 209 351
------ ------- ------- -------
Net (loss)
income and
comprehensive
(loss)
income (4,521) 6,622 (8,212) (6,522)
Net (loss)
income and
comprehensive
(loss) income
attributable to
noncontrolling
interests -- (2,290) -- 3,410
------ ------- ------- -------
Net (loss)
income and
comprehensive
(loss) income
attributable
to Inspirato
Incorporated $(4,521) $ 4,332 $ (8,212) $ (3,112)
====== ======= ======= =======
(Loss) Income
Attributable to
Inspirato
Incorporated per
Class A Share
Basic net (loss)
income
attributable to
Inspirato
Incorporated
per Class A
share $ (0.36) $ 0.77 $ (0.67) $ (0.72)
Diluted net
(loss) income
attributable to
Inspirato
Incorporated
per Class A
share $ (0.36) $ 0.62 $ (0.67) $ (0.72)
Inspirato Incorporated
Condensed Consolidated Balance Sheets
(in thousands, except par value, unaudited)
September 30, 2025 December 31, 2024
-------------------- ---------------------
Assets
Current assets
Cash and cash equivalents $ 13,715 $ 21,845
Restricted cash 13,072 13,160
Accounts receivable, net 2,944 3,767
Accounts receivable, net --
related parties -- 883
Prepaid member travel 12,229 13,663
Prepaid expenses 2,486 3,116
Other current assets 1,423 1,949
--------------- --------------
Total current assets 45,869 58,383
Right-of-use assets 147,323 175,228
Goodwill 21,233 21,233
Property and equipment, net 9,848 14,079
Other noncurrent assets 4,013 4,962
--------------- --------------
Total assets $ 228,286 $ 273,885
=============== ==============
Liabilities
Current liabilities
Accounts payable and accrued
liabilities $ 25,342 $ 23,021
Accounts payable and accrued
liabilities - related
parties 287 --
Deferred revenue 117,668 135,347
Lease liabilities 50,053 53,488
--------------- --------------
Total current liabilities 193,350 211,856
Deferred revenue, noncurrent 35,072 36,147
Lease liabilities, noncurrent 106,481 130,239
Convertible note 24,081 22,336
Other noncurrent liabilities 3,279 3,159
--------------- --------------
Total liabilities 362,263 403,737
--------------- --------------
Commitments and contingencies
(Note 14)
Equity (Deficit)
Class A Common Stock, par
value $0.0001 per share,
50,000 shares authorized,
12,630 and 11,763 shares
issued and outstanding as of
September 30, 2025 and
December 31, 2024,
respectively 1 1
Class B Common Stock, par
value $0.0001 per share,
5,000 shares authorized, no
shares issued or outstanding
as of September 30, 2025 and
December 31, 2024 -- --
Class V Common Stock, $0.0001
par value per share, 25,000
shares authorized, no shares
issued or outstanding as of
September 30, 2025 and
December 31, 2024 -- --
Preferred Stock, par value
$0.0001 per share, 5,000
shares authorized, no shares
issued or outstanding as of
September 30, 2025 and
December 31, 2024 -- --
Additional paid-in capital 165,410 161,323
Accumulated deficit (299,388) (291,176)
--------------- --------------
Total deficit (133,977) (129,852)
--------------- --------------
Total liabilities and
deficit $ 228,286 $ 273,885
=============== ==============
Inspirato Incorporated
Condensed Consolidated Statements of Cash Flows
(in thousands, unaudited)
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- ----------------------
2025 2024 2025 2024
------- -------
Cash flows from
operating
activities:
Net loss $ (4,521) $ 6,622 $ (8,212) $ (6,522)
Adjustments to
reconcile net
loss to net
cash used in
operating
activities:
Depreciation
and
amortization 2,498 3,064 7,665 8,512
Loss on
disposal of
fixed assets -- 52 104 216
Gain on fair
value
instruments 281 158 55 (3,675)
Right-of-use
asset
impairments
and (gain) on
lease
termination -- (29,895) 386 (29,895)
Paid-in-kind
interest 575 531 1,690 1,561
Equity--based
compensation 240 11,674 2,029 17,224
Amortization
of
right-of-use
assets 12,889 13,473 42,287 45,262
Changes in
operating
assets and
liabilities:
Accounts
receivable,
net 507 298 823 781
Accounts
receivable,
net --
related
parties -- 492 883 --
Prepaid member
travel 216 3,092 1,434 6,062
Prepaid
expenses 835 1,912 630 2,153
Other assets 213 (383) 540 (198)
Accounts
payable and
accrued
liabilities (113) (1,087) 2,245 (3,258)
Accounts
payable and
accrued
liabilities -
related
parties 98 -- 287 --
Deferred
revenue (1,798) (9,107) (18,754) (13,461)
Lease
liabilities (14,175) (14,745) (41,960) (48,067)
Other
liabilities 50 105 118 592
------- ------- ------- -------
Net cash
used in
operating
activities $ (2,205) $(13,744) $ (7,750) $(22,713)
------- ------- ------- -------
Cash flows from
investing
activities:
Purchase of
property and
equipment $ (777) $ (1,135) $ (2,272) $ (4,305)
Development of
internal-use
software -- (172) (254) (528)
------- ------- ------- -------
Net cash
used in
investing
activities $ (777) $ (1,307) $ (2,526) $ (4,833)
------- ------- ------- -------
Cash flows from
financing
activities:
Proceeds from
the
Investment
Agreement $ -- $ 10,000 $ -- $ 10,000
Proceeds from
exercise of
Investment
Warrants -- -- 2,000 --
Payments of
employee
taxes for
share-based
awards -- (291) -- (665)
Proceeds for
purchases of
shares for
employee
stock
purchase
plan -- -- 58 84
------- ------- ------- -------
Net cash
provided
by
financing
activities $ -- $ 9,709 $ 2,058 $ 9,419
------- ------- ------- -------
Net decrease in
cash, cash
equivalents and
restricted cash $ (2,982) $ (5,342) $ (8,218) $(18,127)
Cash, cash
equivalents and
restricted cash
-- beginning of
period 29,769 29,481 35,005 42,266
------- ------- ------- -------
Cash, cash
equivalents and
restricted cash
-- end of
period $ 26,787 $ 24,139 $ 26,787 $ 24,139
======= ======= ======= =======
Reconciliation of Net Loss to Adjusted EBITDA
-------------------------------------------------------------------------
Three Months Ended Nine Months Ended
September 30, September 30,
-------------------------- --------------------------
(in thousands
other than
percentages,
unaudited) 2025 2024 2025 2024
------- --- ------- ---
Net (loss) income
and
comprehensive
(loss) income $(4,521) $ 6,622 $(8,212) $ (6,522)
Interest expense,
net 513 454 1,467 1,150
Income tax
expense 85 151 209 351
Depreciation and
amortization(1) 2,498 3,064 7,665 8,512
Equity--based
compensation 240 7,279 2,029 12,829
Loss (gain) on
fair value
instruments 281 158 55 (3,675)
Gain on lease
termination -- (29,895) -- (29,895)
Restructuring
charges -- 6,985 -- 6,985
Other
non-recurring
professional
fees(2) -- 1,828 -- 1,828
Transaction costs 816 -- 1,587 --
------ ------- --- ------ ------- ---
Adjusted
EBITDA $ (88) $ (3,354) $ 4,800 $ (8,437)
====== ======= ====== =======
Adjusted
EBITDA
Margin((3)
() (0.2)% (4.9)% 2.6% (3.9)%
(1) Depreciation and amortization is included within cost of revenue, general and administrative and depreciation and amortization within the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income.
(2) Included in general and administrative on the Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income.
(3) We define Adjusted EBITDA Margin as Adjusted EBITDA as a percentage of total revenue for the same period.
Reconciliation of Free Cash Flow
--------------------------------------------------------------
Three Months Ended Nine Months Ended
September 30, September 30,
------------------- ----------------------
(in thousands),
unaudited 2025 2024 2025 2024
------- -------
Net cash used in
operating
activities $(2,205) $(13,744) $ (7,750) $(22,713)
Development of
internal-use
software (777) (1,135) (2,272) (4,305)
Purchase of
property and
equipment -- (172) (254) (528)
------ ------- ------- -------
Free Cash Flow $(2,982) $(15,051) $(10,276) $(27,546)
====== ======= ======= =======
About Inspirato
Inspirato (Nasdaq: ISPO) is a luxury vacation club and a property technology company that provides access to a portfolio of curated vacation options, delivered through an innovative model designed to ensure the service, certainty, and value that discerning travelers demand. The Inspirato portfolio includes exclusive luxury vacation homes, accommodations at five-star hotel and resort partners, and custom travel experiences. For more information, visit www.inspirato.com and follow @inspirato on Instagram, Facebook, X, and LinkedIn.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which statements involve substantial risks and uncertainties. Our forward-looking statements include, but are not limited to, statements regarding our and our management team's hopes, beliefs, intentions or strategies regarding the future or our future events or our future financial or operating performance. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "will," "would", "guidance" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, for example, statements about: future financial performance and future business, strategic and operational initiatives and results. These forward-looking statements are subject to numerous risks and uncertainties and actual results may differ materially from those expressed in or implied by the forward-looking statements. These risks and uncertainties may relate to, among other things:
-- Our contractual relationship with Capital One Services, LLC ("Capital
One");
-- Our ability to service our outstanding indebtedness and satisfy related
covenants;
-- The impact of changes to our executive management team;
-- Our ability to comply with the continued listing standards of Nasdaq and
the continued listing of our securities on Nasdaq;
-- Changes in our strategy, future operations, financial position, estimated
revenue and losses, projected costs, prospects and plans;
-- The implementation, market acceptance and success of our business model,
growth strategy and new products;
-- Our expectations and forecasts with respect to the size and growth of the
travel and hospitality industry;
-- The ability of our services to meet members' needs;
-- Our ability to compete with others in the luxury travel and hospitality
industry;
-- Our ability to attract and retain qualified employees and management;
-- Our ability to adapt to changes in consumer preferences, perception and
spending habits and develop and expand our destination or other product
offerings and gain market acceptance of our services, including in new
geographic areas;
-- Our ability to develop and maintain our brand and reputation;
-- Developments and projections relating to our competitors and our
industry;
-- The impact of natural disasters, acts of war, terrorism, widespread
global pandemics or illness on our business and the actions we may take
in response to them;
-- Expectations regarding the time during which we will be an emerging
growth company under the Jumpstart Our Business Startups Act of 2012 (the
"JOBS Act");
-- Our future capital requirements and sources and uses of cash;
-- The impact of our reductions in workforce on our expenses;
-- The impact of market conditions on our financial condition and operations,
including fluctuations in interest rates and inflation;
-- Our ability to obtain funding for our operations and future growth;
-- Our ability to generate positive cash flow from operations, achieve
profitability, and obtain additional financing or access the capital
markets to manage our liquidity;
-- The impact on our liquidity of the obligations in our contractual
agreements, including covenants therein;
-- The impact of the One Planet Group LLC investment agreement and
financing; and
-- Our business, expansion plans and opportunities and other strategic
alternatives that we may consider, including, but not limited to, mergers,
acquisitions, investments, divestitures, and joint ventures.
We caution you that the foregoing list does not contain all of the forward-looking statements made in this press release. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, events, levels of activity, performance or achievements. Actual results are subject to numerous risks and uncertainties, including those related to the factors described above and as detailed in Part I, Item 1A of our most recent Annual Report on Form 10-K ("Form 10-K") filed with the Securities and Exchange Commission ("SEC"), those discussed in Management's Discussion and Analysis of Financial Condition and Results of Operations in Part II, Item 7 of our Form 10-K and those discussed in other documents we file with the SEC.
Should one or more of the risks or uncertainties described herein or in any other documents we file with the SEC occur, or should underlying assumptions prove incorrect, our actual results and plans could differ materially from those expressed in any forward-looking statements.
Investors should consider the risks and uncertainties described herein and should not place undue reliance on any forward-looking statements. We do not undertake, and specifically disclaim, any obligation to publicly release the results of any revisions that may be made to any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and such statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements.
Inspirato Contacts
Investor Relations Media Relations ir@inspirato.com communications@inspirato.com ------------------ ---------------------
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