Payam Zamani took over as CEO of Inspirato in August 2024. (BusinessDen file)
Inspirato, the Denver-based luxury travel club, is trending toward the profitability its new CEO promised.
Though the publicly traded company lost $2.3 million in the fourth quarter of last year, that number represents an 86% improvement from the same period in 2023, executives said on a Tuesday morning earnings call.
Inspirato also announced positive EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.9 million and $6.9 million free cash flow from operations — signs that excite CEO Payam Zamani.
Annual revenue in 2024 was down 15%, from $329 million to $280 million, but Zamani and Chief Financial Officer Michael Arthur said that was a deliberate decision to get the balance sheet under control. They project revenue will drop further in 2025, to between $235 million and $255 million.
“I’m a bit more old-school, I think, when it comes to operating a business. I think that growth without profits is kind of meaningless,” Zamani told BusinessDen earlier this month.
Inspirato was founded in 2011 by brothers Brad and Brent Handler and went public in 2021. But its stock price has plummeted, and Zamani, 53, assumed the CEO job last August, at the same time he invested $10 million in the company.
The Handler brothers left the company around that time and have been in a legal battle with Inspirato since November over a lavish perk.
On Tuesday’s earnings call, both Zamani and Arthur said last quarter was the best in Inspirato’s publicly traded history. Investors felt some disappointment. Inspirato’s stock price fell 4.7% after earnings were released, closing Tuesday at $4.15 a share.
Arthur previously told BusinessDen that Inspirato’s stock price should sit around $20 per share if the trend toward profitability continues.
“We’ve said publicly that we’ll be profitable this year and we’ll likely be growing in 2026,” Arthur added. “Over the last two to three years since it’s been public, the only thing people have looked at is our cash burn and how much cash we have on our balance sheet. We think that’s going to go away.”
Zamani owns a little over half of Inspirato. The company says it has cut $40 million in annual expenses since he took over, including by ending unprofitable leases and reducing headcount.
Payam Zamani took over as CEO of Inspirato in August 2024. (BusinessDen file)
Inspirato, the Denver-based luxury travel club, is trending toward the profitability its new CEO promised.
Though the publicly traded company lost $2.3 million in the fourth quarter of last year, that number represents an 86% improvement from the same period in 2023, executives said on a Tuesday morning earnings call.
Inspirato also announced positive EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.9 million and $6.9 million free cash flow from operations — signs that excite CEO Payam Zamani.
Annual revenue in 2024 was down 15%, from $329 million to $280 million, but Zamani and Chief Financial Officer Michael Arthur said that was a deliberate decision to get the balance sheet under control. They project revenue will drop further in 2025, to between $235 million and $255 million.
“I’m a bit more old-school, I think, when it comes to operating a business. I think that growth without profits is kind of meaningless,” Zamani told BusinessDen earlier this month.
Inspirato was founded in 2011 by brothers Brad and Brent Handler and went public in 2021. But its stock price has plummeted, and Zamani, 53, assumed the CEO job last August, at the same time he invested $10 million in the company.
The Handler brothers left the company around that time and have been in a legal battle with Inspirato since November over a lavish perk.
On Tuesday’s earnings call, both Zamani and Arthur said last quarter was the best in Inspirato’s publicly traded history. Investors felt some disappointment. Inspirato’s stock price fell 4.7% after earnings were released, closing Tuesday at $4.15 a share.
Arthur previously told BusinessDen that Inspirato’s stock price should sit around $20 per share if the trend toward profitability continues.
“We’ve said publicly that we’ll be profitable this year and we’ll likely be growing in 2026,” Arthur added. “Over the last two to three years since it’s been public, the only thing people have looked at is our cash burn and how much cash we have on our balance sheet. We think that’s going to go away.”
Zamani owns a little over half of Inspirato. The company says it has cut $40 million in annual expenses since he took over, including by ending unprofitable leases and reducing headcount.
