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Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting
(19) Segment Reporting
Inspirato consists of one reporting segment related to its member travel. The member travel segment provides memberships primarily to individuals in North America and provides a wide array of luxury vacation homes, hotels, and destinations that can be booked ad-hoc. The Company derives revenue primarily in North America and manages its business on a consolidated basis. Management evaluated the basis upon which the chief operating decision maker (the "CODM"), which is the CEO, viewed and reacted to information in relation to the overall organizational and offering structure to determine the number of reportable segments of the Company. The member travel segment derives revenue from members by charging initiation fees and yearly membership fees in addition to collecting fees for individual vacations. The CODM uses consolidated net income/loss to evaluate segment assets, which are the consolidated total assets as presented on the Condensed Consolidated Balance Sheets, to identify areas of opportunity to streamline processes and reduce operational spend in order to improve margin on a go forward basis. The Company does not have any member that composes more than 10% of entity revenues. See below for a reconciliation of revenue and major segment expenses to net income.
The CODM is regularly provided information related to the Company's consolidated net income/loss which is used in assessing segment performance and deciding how to allocate resources. The CODM is also provided gross margin and operating expense information as additional measures of segment profit or loss.
The following table presents the components of revenue and cost of revenue (in thousands):
Three Months Ended March 31,
20252024
Revenue:
Residence and hotel travel$38,281 $44,190 
Experiences and bespoke travel3,442 5,484 
Total Travel41,723 49,674 
Subscription20,892 28,065 
Rewards and other revenue3,274 2,506 
Total revenue65,889 80,245 
Cost of revenue:
Lease costs17,190 20,029 
Booking fees13,940 20,015 
Fixed operating costs3,138 3,769 
Variable operating costs2,960 3,264 
Depreciation expense1,503 1,295 
Other cost of revenue1,613 153 
Total cost of revenue40,344 48,524 
Gross margin25,545 31,721 
General and administrative11,386 14,649 
Sales and marketing5,007 8,726 
Operations5,230 7,023 
Technology and development1,287 2,050 
Depreciation and amortization1,004 1,001 
Interest expense, net466 323 
Gain on fair value instruments(487)(4,149)
Other income, net(7)(295)
Income and comprehensive income before income taxes1,659 2,393 
Income tax expense37 144 
Net income and comprehensive income$1,622 $2,249