How MannKind makes money

Period

FY2025

How does MannKind 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.

MannKind Corporation · FY2025 · year ended 2025-12-31

Revenue$355MGross profit$322M · 92%Cost of revenue$27M · 8%Operating income$39M · 11%Operating expenses$283M · 81%R&D$66M · 19%SG&A$144M · 41%Other opex$73M · 21%Pre-tax income$6M · 2%Other expense$33M · 9%Net income$6M · 2%Royalty$128M · 37%Product$114M · 33%License & Service$107M · 31%Service$4M · 1%Manufacturing Services$2M · 0%

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.