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Insmed INSM Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
R&D by Product
ARIKAYCE external R&D expenses$37.94M-8.4%$41.44M-12.6%$47.42M-13.1%$54.57M-6.7%$58.46M-3.0%
Brensocatib external R&D expenses$94.34M-2.3%$96.52M-1.0%$97.53M+2.2%$95.47M-4.3%$99.71M+1.2%
Other external R&D expenses$134.46M+3.5%$129.87M+1.0%$128.6M+8.1%$118.94M+12.8%$105.41M+16.3%
TPIP external R&D expenses$122.39M+29.9%$94.2M+18.8%$79.3M+18.0%$67.18M+9.6%$61.31M-7.0%
Product revenues, net by Geography
International$160.82M+4.8%$153.47M+6.4%$144.24M+10.5%$130.49M
US$658.74M+45.4%$452.95M+49.6%$302.78M+13.1%$267.62M+1.9%$262.73M+3.1%

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Questions, answered.

How does Insmed break its business down?
Insmed (INSM) reports r&d by product across 5 parts — ARIKAYCE external R&D expenses, Brensocatib external R&D expenses, INS1148, Other external R&D expenses and TPIP external R&D expenses. Each is extracted from the segment footnotes and tracked over time.
Where does Insmed's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Insmed's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.