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Insmed INSM International — Product revenues, net

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Other financials

Income statement

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Revenue$306.0M+230%
Gross profit$258.5M+261%
Operating income-$153.3M+38.2%
Net income-$163.6M+36.3%
EPS (diluted)-$0.76+46.5%

Balance sheet

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Cash & equivalents$582.2M+44.4%
Total debt$580.3M-49.2%
Total equity$704.9M+611%
Total assets$2.1B+15.2%

Cash flow

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Operating cash flow-$222.7M+15.0%
CapEx$3.5M-65.4%
Free cash flow-$226.2M+16.9%

Valuation

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Market cap$23.11B+25.2%
Enterprise value$23.11B+29.9%
P/S28.2×-18.2×

Profitability

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Gross margin81.8%+5.3pp
Operating margin-140.6%-43.9pp
Net margin-144.4%-45.3pp
FCF margin-112.5%-35.3pp

Returns & leverage

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Return on equity-294.5%
Debt / equity0.8×-10.7×
Current ratio4.5×-1.4×

Where this comes from

Reported directly by Insmed in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Insmed’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Insmed's international — product revenues, net?
Insmed (INSM) reported international — product revenues, net of $35.9M in Q1 2026.
How has Insmed's international — product revenues, net changed year-over-year?
Insmed's international — product revenues, net increased by 25.7% year-over-year, from $28.55M to $35.9M.
What does international — product revenues, net mean?
This metric represents the total net sales generated from pharmaceutical products within international geographic markets after accounting for returns, rebates, and discounts. It serves as a primary indicator of the company's commercial footprint and market penetration outside of its domestic region. Tracking this figure helps investors assess the success of global product launches and the scalability of the international business model.