Mannkind Corp (MNKD) financials
Mannkind revenue and earnings by year
Mannkind's revenue was $349 million in the fiscal year to December 31, 2025, up 22.2% from the year before. Net income was $5.86 million, 1.7% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 8.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 349 | 286 | 199 | 100 | 75 | 65 | 63 | 28 | 12 | 175 |
| Revenue growth | 22.2% | 43.5% | 99.4% | 32.2% | 15.8% | 3.3% | 126.3% | 137.2% | -93.3% | — |
| Gross profit | 261 | 209 | 136 | 42 | 37 | 41 | 35 | 7 | -5 | 125 |
| Gross margin | 74.8% | 73.2% | 68.5% | 42.4% | 48.5% | 62.2% | 55.6% | 26.5% | -46.7% | 71.3% |
| Operating income | 47 | 69 | 11 | -69 | -54 | -40 | -47 | -81 | -95 | 64 |
| Operating margin | 13.3% | 24.1% | 5.3% | -69.1% | -71.0% | -61.3% | -73.8% | -291.0% | -805.0% | 36.5% |
| Net income | 6 | 28 | -12 | -87 | -81 | -57 | -52 | -87 | -117 | 126 |
| Net margin | 1.7% | 9.7% | -6.0% | -87.6% | -107.3% | -87.9% | -82.3% | -312.2% | -999.0% | 71.9% |
| Diluted EPS | $0.02 | $0.10 | -$0.04 | -$0.34 | -$0.32 | -$0.26 | -$0.27 | -$0.63 | -$1.11 | $1.25 |
| Free cash flow | 14 | 33 | -8 | -88 | -73 | -29 | -91 | -38 | -65 | -79 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MNKD in Markets.
How Mannkind makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product Revenue | $71.6M | 65.4% |
| Royalty | $32.4M | 29.6% |
| Services | $5.42M | 5.0% |
See also: MNKD valuation and P/E history · MNKD returns
No forecast, no recommendation. This page describes Mannkind Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.