INSPIRATO INCORPORATED (ISPO)

Introduction

Inspirato Incorporated (NASDAQ: ISPO) is a publicly traded, members-only luxury vacation club headquartered in Denver, Colorado. Founded in 2010, Inspirato offers subscribers curated access to:

• Luxury vacation homes
• Five-star hotel and resort stays
• Safaris, cruises, and bespoke itineraries
• Corporate and nonprofit travel solutions

Corporate Structure

• Headquarters: Denver, Colorado
• Industry: Hospitality, Luxury Travel, Subscription Services
• Founded: 2010
• Employees: 501–1,000 (LinkedIn)
• Public Listing: NASDAQ (Ticker: ISPO)

Recent Developments and News

• April 17, 2025
  Inspirato and SIXT USA announced a new preferred travel partnership. Inspirato members receive SIXT Platinum status, which includes preferred pricing, dedicated service lines, and complimentary upgrades. Co-branded chauffeur services are planned for Inspirato’s 2026 Masters Experience.

• April 22, 2025
  Inspirato launched a sustainability partnership with Clean the World to implement a recycling program for bath amenities across its signature residences, which aims to reduce waste and support global hygiene initiatives.

• May 8, 2025
  Inspirato filed Form 10-Q for the quarter ended March 31, 2025, highlighting operational efficiency measures and continued investment in technology.

• May 14, 2025
  An amendment to Schedule 13G/A disclosed that Stoney Lonesome HF LP holds 7.1% of Class A common stock, while The Drake Helix Holdings, LLC holds 0.3%.

• May 30, 2025
  The closing price was reported at $4.36, reflecting an increase of 28.99% with a trading volume of 214,404 shares.

Financial and Strategic Analysis

Metric	Value
Share Price (May 30, 2025)	$4.36
Market Cap	$42.05 million
52-Week Range	$3.11 – $9.31
Volume	214,404 shares
Price/Sales (TTM)	0.11
Enterprise Value/Revenue	0.88
Enterprise Value/EBITDA	3.86
Profit Margin (TTM)	–1.90%
Return on Assets (TTM)	–6.55%
Revenue (TTM)	$265.5 million
Net Income Applicable to Common (TTM)	–$5.04 million
Diluted EPS (TTM)	–1.12
Total Cash (Most Recent Quarter)	$16.45 million
Levered Free Cash Flow (TTM)	$34.18 million
Beta (5Y Monthly)	0.04

Strategic highlights from Q1 2025 include an adjusted EBITDA of $5.6 million, a 26% reduction in operating expenses, and growth in occupancy and average daily rate (ADR) across the portfolio.

Market Position and Industry Context

• Business Model: Subscription-based aggregation of luxury properties and experiences
• Competitive Landscape: Membership clubs, high-end travel agencies, hotel loyalty programs
• Volatility: Low beta (0.04) indicates minimal correlation with broader market fluctuations
• Valuation: With a Price/Sales ratio of 0.11 and EV/EBITDA of 3.86, valuation metrics suggest a modest market multiple given negative earnings

tl;dr

• On April 17 and April 22, 2025, Inspirato entered partnerships with SIXT USA and Clean the World, enhancing member travel benefits and sustainability initiatives.
• Q1 2025 reported adjusted EBITDA of $5.6 million and a 26% reduction in operating expenses.
• As of May 30, 2025, shares closed at $4.36 (+28.99%), with beneficial ownership filings from May 14 showing Stoney Lonesome HF LP holding 7.1% of shares.
• Next earnings date: August 11–15, 2025.