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Inspirato Inc (ISPO): material weakness history

Inspirato Inc reported ineffective internal control over financial reporting because of a material weakness in 10 filings since Dec 2, 2021. It stated one or more material weaknesses in 13 more SEC filings that gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Sep 30, 2025.

Ctrl Worx Watch List™ status

Stopped filing
4.8 yearsopen when the Clock stopped, since at least Dec 31, 2020
10-Q, Nov 5, 2025latest filing that reports the weakness. Read it on SEC EDGAR

It filed a Form 15 to stop reporting after its last report. The Clock stopped at that report.

Checked against SEC EDGAR: Oct 29, 2026 · Entry #11661

Filings with a weakness23
First in our dataMay 19, 2021
AuditorBDO USA, P.C.

Causes the company named

Not described · 12Accounting expertise and resources · 8Financial close and reporting · 6ITGC: user access · 6Complex or non-routine accounting · 6ITGC: change management · 5Segregation of duties · 1Entity-level and governance · 1

Material weaknesses in IT general controls and financial close processes identified in prior year remain unremediated.

What the latest filing says

Based on that evaluation, and as a result of the material weakness described below, the Executives concluded that as of September 30, 2025, our disclosure controls and procedures were not effective to a reasonable assurance level. Nevertheless, based on the performance of additional procedures by management designed to ensure reliability of financial reporting, our management has concluded that, notwithstanding the material weaknesses described below, the Condensed Consolidated Financial Statements, included in this Quarterly Report on Form 10-Q, fairly present, in all material respects, our financial position, results of operations, and cash flows as of the dates, and for each of the periods presented, in conformity with U.S. GAAP. Remediation Plan for Material Weaknesses in Internal Control Over Financial Reporting In response to the material weaknesses identified in “Management’s Reporting on Internal Control Over Financial Reporting,” within the Company’s 2024 Form 10-K, which was filed with the SEC on March 26, 2025 we, with oversight from the Audit Committee of the Boa [...]

From the controls section of the 10-Q filed Nov 5, 2025. Read the full filing on SEC EDGAR.

Company response: Inspirato Inc can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.

Filings

FiledFormPeriodControlsCausesFiling
Nov 5, 202510-QSep 30, 2025Material weakness stated, no ICFR conclusionFinancial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change managementEDGAR
Aug 13, 202510-QJun 30, 2025Material weakness stated, no ICFR conclusionFinancial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change managementEDGAR
May 8, 202510-QMar 31, 2025Material weakness stated, no ICFR conclusionFinancial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change managementEDGAR
Mar 26, 202510-KDec 31, 2024Not effectiveFinancial close and reporting; Accounting expertise and resources; ITGC: user access; ITGC: change managementEDGAR
Oct 30, 202410-QSep 30, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 14, 202410-QJun 30, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
May 9, 202410-QMar 31, 2024Material weakness stated, no ICFR conclusionNot describedEDGAR
Mar 12, 202410-KDec 31, 2023Not effectiveSegregation of duties; Financial close and reporting; Accounting expertise and resources; ITGC: user accessEDGAR
Nov 9, 202310-QSep 30, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Aug 9, 202310-QJun 30, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
May 9, 202310-QMar 31, 2023Material weakness stated, no ICFR conclusionNot describedEDGAR
Mar 15, 202310-KDec 31, 2022Not effectiveFinancial close and reporting; Accounting expertise and resources; Complex or non-routine accounting; ITGC: user access; ITGC: change management; Entity-level and governanceEDGAR
Dec 19, 202210-QSep 30, 2022Not effectiveNot describedEDGAR
Dec 15, 202210-Q/AJun 30, 2022Not effectiveNot describedEDGAR
Aug 10, 202210-QJun 30, 2022Not effectiveNot describedEDGAR
Dec 15, 202210-Q/AMar 31, 2022Not effectiveNot describedEDGAR
May 13, 202210-QMar 31, 2022Not effectiveNot describedEDGAR
Feb 9, 202210-KDec 31, 2021Not effectiveAccounting expertise and resources; Complex or non-routine accountingEDGAR
Dec 2, 202110-Q/ASep 30, 2021Material weakness stated, no ICFR conclusionAccounting expertise and resources; Complex or non-routine accountingEDGAR
Nov 12, 202110-QSep 30, 2021EffectiveEDGAR
Aug 16, 202110-QJun 30, 2021Material weakness stated, no ICFR conclusionComplex or non-routine accountingEDGAR
May 28, 202110-QMar 31, 2021Material weakness stated, no ICFR conclusionComplex or non-routine accountingEDGAR
Dec 2, 202110-K/ADec 31, 2020Not effectiveNot describedEDGAR
May 19, 202110-K/ADec 31, 2020Material weakness stated, no ICFR conclusionComplex or non-routine accountingEDGAR
Mar 24, 202110-KDec 31, 2020Not statedEDGAR

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Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx™. The filings are the authority. Ctrl Worx is not affiliated with Inspirato Inc or the SEC. Not investment advice. Why you can rely on the Watch List.