MNKD
$3.10+0.32%
MannKind CorporationStock · HealthcareRussell 2000 · 0.04% of IWMRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
MNKD financial statements
The full income statement, balance sheet, and cash-flow statement for MannKind Corporation (MNKD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 275.0M2024-09 275.8M2024-12 303.6M2025-03 303.9M2025-06 306.8M2025-09 307.1M2025-12 308.1M2026-03 309.0M2026-06 321.5M+16.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 349M+22.2% | 286M+43.5% | 199M+99.4% | 99.8M+32.2% | 75.4M+15.8% | |
| Cost of revenue | 26.8M+53.8% | 17.4M-16.5% | 20.9M+30.4% | 16.0M-4.9% | 16.8M+11.6% | |
| 88.0M+14.8% | 76.6M+22.0% | 62.8M+9.2% | 57.5M+48.0% | 38.9M+57.7% | ||
| Research & development | 66.3M+44.6% | 45.9M+46.7% | 31.3M+58.6% | 19.7M+60.2% | 12.3M+97.1% | |
| Selling, general & administrative | 144M+52.8% | 94.3M+0.0% | 94.3M+3.1% | 91.5M+18.2% | 77.4M+31.1% | |
| General & administrative | — | — | 42.5M+12.8% | 37.7M+18.3% | 31.9M+29.2% | |
| Amortization of intangibles | 3.97M | — | — | — | — | |
| Operating income | 38.8M-46.5% | 72.6M+736.4% | 8.68M+113.5% | -64.1M-36.3% | -47.0M+1.9% | |
| Interest expense | 13.8M+15.4% | 12.0M-20.9% | 15.2M+0.9% | 15.0M-1.3% | 15.2M+60.5% | |
| Interest & investment income | 8.05M-36.2% | 12.6M+105.0% | 6.15M+144.9% | 2.51M+2143.8% | 112K-32.9% | |
| Other non-operating income | -1.01M+97.6% | -42.1M-34582.8% | 122K+100.5% | -23.3M-9644.8% | -239K-1139.1% | |
| Pre-tax income | 1.41M-95.4% | 30.5M+394.1% | -10.4M+88.1% | -87.4M-8.0% | -80.9M-40.8% | |
| Income tax | -4.46M-252.1% | 2.93M+87.7% | 1.56M | 0.00 | 0.00+100.0% | |
| Net income | 5.86M-78.7% | 27.6M+331.1% | -11.9M+86.3% | -87.4M-8.0% | -80.9M-41.4% | |
| $0.02-80.0% | $0.10+350.0% | -$0.04+88.2% | -$0.34-6.3% | -$0.32-23.1% | ||
| EPS (basic) | $0.02-80.0% | $0.10+350.0% | -$0.04+88.2% | -$0.34-6.3% | -$0.32-23.1% | |
| Weighted-avg shares (basic) | 306M+11.4% | 274M+2.8% | 267M+3.9% | 257M+3.1% | 249M+12.0% | |
| Weighted-avg shares (diluted) | 314M+10.7% | 284M+6.3% | 267M+3.9% | 257M+3.1% | 249M+12.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 292M+8.7% | 268M-28.1% | 373M+59.0% | 235M+7.0% | 219M+176.2% | ||
| Cash & equivalents | 74.9M+61.6% | 46.3M-80.6% | 238M+241.8% | 69.8M-43.8% | 124M+85.3% | |
| Short-term investments | 96.5M-36.1% | 151M+166.5% | 56.6M-44.0% | 101M+26.5% | 79.9M | |
| Accounts receivable | 38.4M+225.0% | 11.8M-20.8% | 14.9M-11.3% | 16.8M+254.5% | 4.74M+12.4% | |
| Inventory | 35.3M+26.6% | 27.9M-2.3% | 28.5M+31.1% | 21.8M+204.4% | 7.15M+43.8% | |
| Prepaid expenses | 46.6M+48.4% | 31.4M-10.0% | 34.8M+36.8% | 25.5M+631.7% | 3.48M+11.5% | |
| 792M+101.1% | 394M-17.1% | 475M+60.9% | 295M-8.1% | 321M+195.7% | ||
| Property, plant & equipment | 82.4M-3.4% | 85.4M+1.4% | 84.2M+86.6% | 45.1M+23.3% | 36.6M+41.5% | |
| Operating lease right-of-use | 11.8M-9.8% | 13.1M+179.8% | 4.68M-30.2% | 6.71M+194.0% | 2.28M | |
| Goodwill | 67.6M+3400.5% | 1.93M+0.0% | 1.93M-20.5% | 2.43M | — | |
| Intangible assets | 5.07M-3.7% | 5.26M+390.7% | 1.07M-6.9% | 1.15M | — | |
| Long-term investments | 5.01M-8.6% | 5.48M-23.4% | 7.16M+264.9% | 1.96M-96.5% | 56.6M | |
| Other non-current assets | 20.1M-24.8% | 26.8M+260.3% | 7.43M-23.6% | 9.72M+15.1% | 8.44M+158.5% | |
| 171M+109.0% | 81.8M-21.4% | 104M+54.7% | 67.3M+39.2% | 48.3M-34.4% | ||
| Accounts payable | 9.03M+33.0% | 6.79M-29.1% | 9.58M-13.3% | 11.1M+58.9% | 6.96M+24.6% | |
| Accrued liabilities | 64.6M+60.4% | 40.3M-4.1% | 42.0M+18.2% | 35.6M+29.7% | 27.4M+39.1% | |
| Deferred revenue | 15.3M+23.6% | 12.4M+36.6% | 9.09M+424.2% | 1.73M+109.6% | 827K-97.5% | |
| Current lease liability | 2.11M-12.9% | 2.42M+70.3% | 1.42M+9.1% | 1.30M-5.5% | 1.38M | |
| Finance lease liability (current) | — | — | 9.81M+2.6% | 9.56M+37.1% | 6.98M | |
| 843M+78.4% | 473M-34.5% | 721M+32.2% | 546M+2.9% | 531M+83.6% | ||
| Long-term debt | 355M+883.7% | 36.1M-86.6% | 269M-1.8% | 273M-2.7% | 281M+130.1% | |
| Deferred revenue (non-current) | 40.0M-21.9% | 51.2M-26.7% | 69.8M+85.2% | 37.7M+92.8% | 19.5M+1075.9% | |
| Non-current lease liability | 10.7M-8.2% | 11.6M+196.7% | 3.92M-26.5% | 5.34M+413.8% | 1.04M-13.5% | |
| Operating lease liability (total) | 12.8M-9.0% | 14.1M+163.1% | 5.35M-19.5% | 6.65M+174.7% | 2.42M | |
| Finance lease liability (total) | — | — | 104M+0.0% | 104M+3.6% | 101M | |
| Finance lease liability | — | — | 94.3M-0.2% | 94.5M+1.1% | 93.5M | |
| Other non-current liabilities | — | — | — | — | 4.95M | |
| -51.0M+35.3% | -78.8M+68.0% | -246M+1.7% | -251M-19.7% | -209M-16.0% | ||
| Common stock | 3.08M+1.6% | 3.03M+12.2% | 2.70M+2.4% | 2.64M+4.9% | 2.52M+3.9% | |
| Additional paid-in capital | 3.14B+0.7% | 3.12B+4.6% | 2.98B+0.5% | 2.96B+1.6% | 2.92B+1.8% | |
| Retained earnings | -3.20B+0.2% | -3.20B+0.9% | -3.23B-0.4% | -3.22B-2.8% | -3.13B-2.7% | |
| Accumulated other comprehensive income | 115K-89.6% | 1.11M | — | — | — | |
| Total liabilities & equity | 792M+101.1% | 394M-17.1% | 475M+60.9% | 295M-8.1% | 321M+195.7% | |
| Common shares issued | 308M+1.6% | 303M+12.2% | 270M+2.4% | 264M+4.9% | 251M+3.9% | |
| Common shares outstanding | 308M+1.6% | 303M+12.2% | 270M+2.4% | 264M+4.9% | 251M+3.9% | |
| Shares outstanding (cover) | 308M+1.5% | 304M+12.3% | 270M+2.5% | 264M+4.8% | 252M+1.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 18.3M-57.1% | 42.5M+24.7% | 34.1M+142.3% | -80.7M-30.7% | -61.7M-119.4% | ||
| Depreciation & amortization | 12.3M+66.7% | 7.37M+62.5% | 4.54M+36.4% | 3.33M+67.4% | 1.99M-7.6% | |
| Intangible amortization | 3.97M | — | — | — | — | |
| Share-based compensation | 24.2M+13.3% | 21.4M+21.0% | 17.6M+31.2% | 13.4M+10.2% | 12.2M+87.4% | |
| Deferred income taxes | -19.5M-602.5% | 3.87M-43.1% | 6.81M+168.5% | -9.94M+49.4% | -19.6M-305.1% | |
| Change in receivables | 4.76M+279.6% | -2.65M-13.1% | -2.35M-119.9% | 11.8M+1421.5% | 776K+10.1% | |
| Change in inventory | 6.62M+107.3% | 3.20M-71.8% | 11.3M+100.1% | 5.67M+38.9% | 4.08M+210.6% | |
| Change in payables | -16.7M-499.4% | -2.79M-89.3% | -1.47M-136.0% | 4.10M+198.1% | 1.37M+73.3% | |
| -305M-215.4% | -96.6M-4761.6% | -1.99M-140.8% | 4.87M+103.2% | -152M-1095.9% | ||
| Capital expenditure | 4.57M-52.9% | 9.69M-77.2% | 42.4M+459.2% | 7.59M-33.8% | 11.5M+1331.5% | |
| Free cash flow | 13.7M-58.3% | 32.8M+493.2% | -8.35M+90.5% | -88.3M-20.6% | -73.2M-152.9% | |
| Acquisitions | 348M | 0.00 | 0.00-100.0% | 15.3M | 0.00 | |
| 315M+329.6% | -137M-200.5% | 137M+538.7% | 21.4M-92.1% | 270M+442.1% | ||
| Long-term debt issued | 325M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 28.6M+114.9% | -191M-213.4% | 169M+410.0% | -54.4M-195.4% | 57.0M+54.4% | |
| Interest paid | 14.7M-15.9% | 17.5M-4.2% | 18.3M+106.5% | 8.85M-21.4% | 11.3M+216.7% | |
| Income taxes paid | 1.71M-60.0% | 4.26M | — | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.75B-10.5% | 1.95B+98.9% | 981M-29.3% | 1.39B+26.1% | 1.10B+42.2% | |
| P/E | 298.0×+321.1% | 70.8× | — | — | — | |
| P/S | 5.0×-26.8% | 6.8×+23.0% | 5.6×-69.5% | 18.2×+24.8% | 14.6×+22.8% | |
| P/FCF | 127.6×+114.5% | 59.5× | — | — | — | |
| Earnings yield | 0.34%-76.3% | 1.4% | — | — | — | |
| FCF yield | 0.78%-53.4% | 1.7% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MNKD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MNKD filings on SEC EDGAR → Not investment advice.