MANNKIND CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $349.0M | $285.5M | $199.0M | $99.8M | $75.4M |
| Cost of revenue | $26.8M | $17.4M | $20.9M | $16.0M | $16.8M |
| Selling, general & administrative | $144.1M | $94.3M | $94.3M | $91.5M | $77.4M |
| Research and development | $66.3M | $45.9M | $31.3M | $19.7M | $12.3M |
| Operating expenses | $88.0M | $76.6M | $62.8M | $57.5M | $38.9M |
| Operating income | $38.8M | $72.6M | $8.7M | -$64.1M | -$47.0M |
| Interest expense | $13.8M | $12.0M | $15.2M | $15.0M | $15.2M |
| Pretax income | $1.4M | $30.5M | -$10.4M | -$87.4M | -$80.9M |
| Income tax expense | -$4.5M | $2.9M | $1.6M | $0 | $0 |
| Net income | $5.9M | $27.6M | -$11.9M | -$87.4M | -$80.9M |
| Balance Sheet | |||||
| Cash and equivalents | $74.9M | $46.3M | $238.5M | $69.8M | $124.2M |
| Current assets | $291.6M | $268.3M | $373.4M | $234.9M | $219.5M |
| Total assets | $792.2M | $393.8M | $475.2M | $295.3M | $321.2M |
| Current liabilities | $171.0M | $81.8M | $104.1M | $67.3M | $48.3M |
| Total liabilities | $843.2M | $472.7M | $721.4M | $545.8M | $530.5M |
| Total debt | $361.3M | $36.3M | $272.2M | $278.8M | $288.4M |
| Stockholders' equity | -$51.0M | -$78.8M | -$246.2M | -$250.5M | -$209.3M |
| Cash Flow Statement | |||||
| Cash from operations | $18.3M | $42.5M | $34.1M | -$80.7M | -$61.7M |
| Depreciation and amortization | $8.1M | $7.3M | $4.5M | $3.3M | $2.0M |
| Stock-based compensation | $24.2M | $21.4M | $17.6M | $13.4M | $12.2M |
| Capital expenditure | $4.6M | $9.7M | $42.4M | $7.6M | $11.5M |
| Free cash flow | $13.7M | $32.8M | -$8.3M | -$88.3M | -$73.2M |
| Impairments | $0 | $0 | — | $0 | $106,000 |
Shares outstanding 309.0M · Free float 70.3%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.