15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $349M | $6M | 92.3% | 11.1% | $14M | $355M | $75M |
| 2024 | $286M | $28M | 93.9% | 25.4% | $33M | $36M | $46M |
| 2023 | $199M | -$12M | 89.5% | 4.4% | -$8M | $269M | $238M |
| 2022 | $100M | -$87M | 84.0% | -64.3% | -$88M | $273M | $70M |
| 2021 | $75M | -$81M | 77.7% | -62.3% | -$73M | $281M | $124M |
| 2020 | $65M | -$57M | 76.8% | -73.5% | -$29M | $122M | $67M |
| 2019 | $63M | -$52M | 68.1% | -70.7% | -$91M | $119M | $30M |
| 2018 | $28M | -$87M | 30.4% | -274.9% | -$38M | $102M | $71M |
| 2017 | $12M | -$117M | -46.7% | -921.1% | — | $157M | $44M |
| 2016 | $175M | $126M | 90.2% | 38.5% | -$79M | — | $23M |
| 2015 | — | -$368M | — | — | — | — | $59M |
| 2014 | — | -$198M | — | — | — | — | $121M |
| 2014 | — | -$2.5B | — | — | $1.3B | — | $172M |
| 2014 | — | -$2.4B | — | — | -$2.1B | — | $41M |
| 2014 | — | -$2.3B | — | — | -$2.1B | — | $36M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $90M | -$17M | 91.7% | -1.8% | -$7M | $319M | $53M |
| Dec '25 | $112M | -$16M | 87.6% | -6.9% | -$10M | $355M | $75M |
| Sep '25 | $82M | $8M | 94.5% | 23.0% | $23M | $110M | $127M |
| Jun '25 | $77M | $668000 | 94.0% | 6.9% | $8M | $36M | $57M |
| Mar '25 | $78M | $13M | 95.2% | 28.5% | -$7M | $36M | $47M |
| Dec '24 | $77M | $7M | 93.7% | 34.5% | $20M | $36M | $46M |
| Sep '24 | $70M | $12M | 95.4% | 18.2% | $8M | $228M | $62M |
| Jun '24 | $72M | -$2M | 92.3% | 22.9% | $861000 | $228M | $97M |
| Mar '24 | $66M | $11M | 94.2% | 25.2% | $4M | $264M | $193M |
| Dec '23 | $58M | $1M | 89.5% | 13.4% | $16M | $269M | $238M |
| Sep '23 | $51M | $2M | 92.2% | 9.9% | -$3M | $273M | $83M |
| Jun '23 | $49M | -$5M | 89.3% | 3.5% | -$14M | $274M | $86M |
| Mar '23 | $41M | -$10M | 86.4% | -14.8% | -$7M | $274M | $86M |
| Dec '22 | $36M | -$18M | 88.7% | -35.5% | -$7M | $273M | $70M |
| Sep '22 | $33M | -$14M | 84.7% | -29.3% | -$28M | $273M | $54M |
| Jun '22 | $19M | -$29M | 75.6% | -108.3% | -$29M | $273M | $36M |
| Mar '22 | $12M | -$26M | 81.0% | -177.3% | -$23M | $282M | $67M |
| Dec '21 | $13M | -$28M | 65.7% | -191.5% | -$18M | $281M | $124M |
| Sep '21 | $22M | -$4M | 82.8% | -29.7% | -$19M | $281M | $52M |
| Jun '21 | $23M | -$36M | 81.1% | -44.1% | -$23M | $285M | $63M |
How the market has priced MNKD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Mannkind Corp's revenue has grown 39.9% per year. These are computed facts, not advice.
As of FY2025, Mannkind Corp reported $355M of total debt against $75M of cash; operating income covered interest expense 2.8×.
In FY2025, gross margin was 92.3%, operating margin 11.1%, and net margin 1.7%.
As of Jun '26, Mannkind Corp traded at a price-to-earnings ratio of about 207.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.