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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)        
Revenue $ 69,114 $ 82,598 $ 216,741 $ 258,390
Cost of revenue (including depreciation of $1,677 and $2,323 during the three months ended September 30, 2024 and 2023, respectively, and $4,418 and $4,054 during the nine months ended September 30, 2024 and 2023, respectively) 49,620 57,726 149,345 182,498
Asset impairments and (gain) on lease termination (29,895) 4,294 (29,895) 34,348
Gross margin 49,389 20,578 97,291 41,544
General and administrative (including depreciation of $377 and $141 during the three months ended September 30, 2024 and 2023, respectively, and $1,070 and $141 during the nine months ended September 30, 2024 and 2023, respectively) 19,795 21,651 48,438 56,238
Sales and marketing 7,209 9,369 24,707 24,388
Operations 5,269 9,345 17,058 24,607
Technology and development 1,728 2,678 6,044 9,365
Depreciation and amortization 1,010 998 3,024 2,992
Interest expense, net 454 1,731 1,150 1,204
Gain on fair value instruments 158 (267) (3,675) (543)
Restructuring charges 6,985   6,985  
Other expense (income), net 8 3 (269) 381
Income (loss) and comprehensive income (loss) before income taxes 6,773 (24,930) (6,171) (77,088)
Income tax expense 151 492 351 909
Net income (loss) and comprehensive income (loss) 6,622 (25,422) (6,522) (77,997)
Net (income) loss and comprehensive (income) loss attributable to noncontrolling interests (2,290) 8,769 3,410 35,028
Net income (loss) and comprehensive income (loss) attributable to Inspirato Incorporated $ 4,332 $ (16,653) $ (3,112) $ (42,969)
Basic net income (loss) attributable to Inspirato Incorporated per Class A share (in dollars per share) $ 0.77 $ (4.87) $ (0.72) $ (12.87)
Diluted net income (loss) attributable to Inspirato Incorporated per Class A share (in dollars per share) $ 0.62 $ (4.87) $ (0.72) $ (12.87)