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No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 5, 2025. Its latest SEC filing is a EFFECT from Feb 17, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Provides members access to luxury vacation homes, hotel stays, and curated travel experiences.

How Did They Make Money?

Members pay enrollment fees and subscription dues upfront, with subscription payments spread across the membership term. They also pay for trips before travel, and trip payments are earned over the stay.

FY2024 revenue

Who Were Their Customers?

Members seeking luxury travel book through Inspirato's website, app, or member-care teams; companies can use its incentive-travel service, while nonprofits auction travel packages at their events.

Did Revenues Turn Into Profits?

No. It lost $5.4M in FY2024.

Operating income, FY2024
11% of revenue
▲ Now profitable vs FY2023 (−$50.7M, −15%)
Net income, FY2024
−2% of revenue
▼ −90% (Loss) vs FY2023 (−$51.8M, −16%)
Free cash flow, FY2024
−8% of revenue
▼ −63% (Loss) vs FY2023 (−$57.7M, −18%)

How Were They Changing?

Since the FY2024 annual report
Latest quarter: Q3 FY2025, the three months to Sep 30, 2025
Net income
▼ Now a loss
vs $4.3M in Q3 FY2024
  • Feb 4, 2026 Exclusive Investments completed its acquisition of Inspirato It bought all shares for cash, making Inspirato privately held and ending its Nasdaq listing.
  • Dec 18, 2025 Agreed to be acquired by Exclusive Investments The merger agreement called for each share to convert into $4.27 in cash, subject to closing conditions.
  • Dec 9, 2025 Named Sam Veazey interim CFO He was appointed after Michael Arthur announced plans to retire.
  • Nov 4, 2025 CFO Michael Arthur resigned He agreed to remain through December 31, 2025 to support financial reporting and operations.

Grew. Revenue grew 69% in 4 years, from $165.6M in FY2020 to $279.9M in FY2024, about 14% a year.

From acquisition vehicle to travel club The older report described a blank-check company pursuing travel and transportation deals; the latest describes a luxury hospitality club offering members access to vacations and experiences.

Who Did They Compete With?

Competes with Airbnb, Vacasa, Sonder, AvantStay, Evolve, Awaze, Exclusive Resorts, Hyatt Hotels, Intercontinental Hotel Group, Marriott International, Radisson Hotel Group, Wyndham Hotels & Resorts, Booking Holdings, and Expedia Group

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