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Insmed INSM Total Revenue

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Segments

By geography

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US$63.79M

By product

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ARIKAYCE external R&D expenses$116.32M+8.3%

Other financials

Income statement

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Gross profit$358.3M+352%
Operating income-$1.5M+99.5%
Net income-$13.2M+95.9%
EPS (diluted)-$0.06+96.5%

Balance sheet

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Cash & equivalents$544.8M-57.6%
Total debt$579.9M+0.8%
Total equity$757.5M-39.4%
Total assets$2.1B-15.2%

Cash flow

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Operating cash flow-$88.8M+56.8%
CapEx$6.3M+79.6%
Free cash flow-$95.1M+54.5%

Valuation

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Market cap$27.16B-4.5%
Enterprise value$27.2B-1.9%
P/S23.9×-47.6×

Profitability

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Gross margin83.5%+7.7pp
Operating margin-73.9%-30.6pp
Net margin-76.9%-31.8pp
FCF margin-71%-28.6pp

Returns & leverage

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Return on equity-87.2%-27.3pp
Debt / equity0.8×+0.3×
Current ratio3.7×-3.0×

Where this comes from

Reported directly by Insmed in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Insmed’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 6:59 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104506-26-000041
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Product revenues, net$425,486$107,415$731,450$200,238
Operating expenses:
Cost of product revenues (excluding amortization of intangible assets)67,21228,075114,63249,353
Research and development210,034177,190419,519329,767
Selling, general and administrative247,467154,763494,726302,308
Amortization of intangible assets2,0811,2634,1622,526
Change in fair value of contingent consideration(99,760)59,000(146,721)77,300
Total operating expenses427,034420,291886,318761,254

Item 1C. Consolidated Financial Statements

FAQ

What is Insmed's total revenue?
Insmed (INSM) reported total revenue of $425.49M in Q2 2026.
How has Insmed's total revenue changed year-over-year?
Insmed's total revenue increased by 296.1% year-over-year, from $107.42M to $425.49M.
What is the long-term trend for Insmed's total revenue?
Over 4 years (2021 to 2025), Insmed's total revenue has grown at a 33.9% compound annual growth rate (CAGR), from $188.46M to $606.42M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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