How Insmed makes money

Period

FY2025

How does Insmed make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Insmed Incorporated · FY2025 · year ended 2025-12-31

Revenue$606MNet loss$1.3B · 211%Cost of revenue$123M · 20%Gross profit$483M · 80%Operating expenses$1.7B · 285%R&D$771M · 127%SG&A$701M · 116%Other opex$258M · 43%Income tax$5M · 1%Other expense$25M · 4%ARIKAYCE$434M · 72%BRINSUPRI$173M · 28%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.