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Mannkind

MNKD

MannKind Corporation is a biopharmaceutical company specializing in the development and commercialization of innovative inhaled therapeutic solutions for cardiometabolic and orphan lung diseases.

Market cap
$1.19B-4.8%
Revenue$360.8M+21.2%
Net income$5.2M-81.2%
Free cash flow$16.4M-50.0%
EPS (diluted)$0.02-80.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$109.2M
EPS estimate-$0.02

Financials

Q1 2026

Income statement

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Revenue$90.2M+15.1%
Gross profit$82.7M+10.8%
Operating income-$1.7M-107%
Net income-$16.6M-226%
EPS (diluted)-$0.05-225%

Balance sheet

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Cash & equivalents$52.8M+11.7%
Total debt$12.2M-9.4%
Total equity-$59.2M-1.0%
Total assets$744.4M+81.5%

Cash flow

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Operating cash flow-$5.4M+15.9%
CapEx$1.9M+470%
Free cash flow-$7.2M-8.0%

Valuation & ratios

Valuation

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Market cap$1.19B-4.8%
Enterprise value$1.15B-4.7%
P/E228.5×
P/S3.3×-0.8×

Profitability

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Gross margin91.5%-2.6pp

Returns & leverage

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Current ratio1.9×-0.5×

Segments

By product

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License And Service$23.5M-20.0%
Manufacturing Services$2.4M+700%

By segment

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All Other Segments$90.2M+15.1%

Competitors

Profile

MannKind Corporation is a biopharmaceutical company specializing in the development and commercialization of innovative inhaled therapeutic solutions for cardiometabolic and orphan lung diseases. The company leverages its proprietary Technosphere dry-powder delivery platform and breath-powered inhaler technology to provide patient-centric alternatives to traditional injections. Its core value proposition lies in transforming chronic disease care through drug-device combinations that improve ease of use and therapeutic delivery.

Competitive position

A leader in inhaled insulin and dry-powder drug delivery technology, maintaining a significant intellectual property portfolio across cardiometabolic and pulmonary indications.

GeographiesUnited States, India, China
Customer segmentsPatients, Healthcare Providers, Pharmaceutical Companies
Business modelProduct Sales, Royalty, Contract Manufacturing, Licensing and Collaboration
SuppliersActive pharmaceutical ingredient suppliers, Specialized chemical manufacturers, Contract manufacturing organizations, Plastic-molding service providers
CustomersSpecialty pharmacies, Wholesale distributors, Hospitals, Retail pharmacies, Collaboration partners
Listed2004
Employees414.0
CEOMichael E. Castagna
FilingsSEC EDGAR

Questions, answered.

What is Mannkind's market cap?
Mannkind (MNKD) has a market capitalization of $1.2B and trades on NASDAQ.
What is Mannkind's revenue and profitability?
Mannkind generated $360.8M in trailing twelve-month revenue with net income of $5.2M, representing a net margin of 9.3%. Gross margin stands at 91.5%, with free cash flow of $16.4M. These figures are based on the Q1 2026 filing.
Who are Mannkind's competitors?
Mannkind's key competitors include Eli Lilly and Company, Lexicon Pharmaceuticals, Inc., MetaVia Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Mannkind partner with?
Mannkind's notable partners include United Therapeutics Corporation, Cipla Ltd., Amphastar France Pharmaceuticals S.A.S., and others.
What subsidiaries does Mannkind have?
Mannkind's subsidiaries include scPharmaceuticals Inc..
Where is Mannkind headquartered?
Mannkind is headquartered in United States of America and employs approximately 414 people. It has been publicly traded since 2004.