Operating Expenses

SG&A

Insmed SG&A increased by 16.4% to $247.26M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 67.6%, from $147.55M to $247.26M. Over 3 years (FY 2022 to FY 2025), SG&A shows an upward trend with a 38.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.

Detailed definition

Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...

Peer comparison

Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.

Metric ID: selling_general_and_administrative

Historical Data

17 periods
 Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$66.45M$66.45M$66.45M$66.45M$86.13M$86.13M$86.13M$86.13M$93.10M$106.57M$118.93M$142.52M$147.55M$154.76M$186.38M$212.48M$247.26M
QoQ Change+0.0%+0.0%+0.0%+29.6%+0.0%+0.0%+0.0%+8.1%+14.5%+11.6%+19.8%+3.5%+4.9%+20.4%+14.0%+16.4%
YoY Change+29.6%+29.6%+29.6%+29.6%+8.1%+23.7%+38.1%+65.5%+58.5%+45.2%+56.7%+49.1%+67.6%
Range$66.45M$247.26M
CAGR+38.9%
Avg YoY Growth+40.8%
Median YoY Growth+38.1%
Current Streak16+ quarters growth

Frequently Asked Questions

What is Insmed's sg&a?
Insmed (INSM) reported sg&a of $247.26M in Q1 2026.
How has Insmed's sg&a changed year-over-year?
Insmed's sg&a increased by 67.6% year-over-year, from $147.55M to $247.26M.
What is the long-term trend for Insmed's sg&a?
Over 3 years (2022 to 2025), Insmed's sg&a has grown at a 38.2% compound annual growth rate (CAGR), from $265.78M to $701.17M.
What does sg&a mean?
The overhead costs of running the business, including sales, marketing, and general corporate expenses.