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Insmed Incorporated logo
Insmed Incorporated INSM
$ 94.04 -1.7%
report update icon

Quarterly report 2026-Q2
added 08-06-2026

Insmed Incorporated Income Statement 2025-2008 | INSM

Brief overview of revenue and earnings at Insmed Incorporated

The figures are compared over a five-year interval. Revenue reported by Insmed Incorporated was 164 million dollars at the beginning of the period and 606 million dollars at the end. Across the full period, sales moved by +268.8%; the average annual rate was 29.8%. This pace points to rapid expansion of the business.

Gross profit was $125 million at the start and $483 million at the end of the period (+288.2%). Direct costs grew more slowly than revenue and improved the economics of sales. Comparing the endpoints gives gross margins of 75.7% and 79.7%. The margin shift points to a more favorable sales-and-cost structure.

Over the period, EBITDA shifted from −$256 million to −$1.2 billion, a change of −382.7%. EBITDA underperformed the top-line trend. EBITDA margin was −155.8% at the start and −203.9% at the end. The margin contraction indicates weaker operating efficiency.

The final result was −294 million dollars initially and −1.3 billion dollars in the final year. Profitability deteriorated further over the five years.

The five-year change in capitalization reached +805.9%: from 3.5 billion dollars to 31.6 billion dollars. Investor expectations increased faster than reported performance.

Financial takeaway

Signs of deterioration dominate the five-year picture. Key strengths include better sales economics and a larger revenue base. The main areas of concern are declining net profitability, pressure on operating profitability and a low EBITDA margin. Further direction will depend on top-line growth, operating profitability, and net income.

Annual Income Statement Insmed Incorporated

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

31.6 B 13.7 B 3.82 B 2.48 B 2.68 B 3.49 B 1.76 B 1.91 B 1.75 B 869 M 774 M 666 M 731 M 162 M 113 M 105 M 216 K -

Shares

199 M 164 M 140 M 123 M 112 M 97.6 M 84.6 M 76.9 M 66.6 M 61.9 M 58.6 M 43.1 M 35 M 26.5 M 23.3 M 13.2 M 12.7 K -

Historical Prices

159 83.3 27.2 20.2 23.9 35.8 24.9 29.6 24.2 15.9 12.2 18.5 20 6.16 4.26 7.9 17 5.7

Net Income

-1.28 B -914 M -750 M -482 M -435 M -294 M -254 M -324 M -193 M -176 M -118 M -79.2 M -56.1 M -41.4 M -59.7 M -6.43 M 118 M -

Revenue

606 M 364 M 305 M 245 M 188 M 164 M 136 M 9.84 M - - - - 11.5 M - 4.42 M 6.92 M 10.4 M -

Cost of Revenue

123 M 85.7 M 65.6 M 55.1 M 44.2 M 39.9 M 24.2 M 2.42 M - - - - - - - - - -

Gross Profit

- - - - - - 112 M 7.41 M - - - - - - 4.42 M - - -

Operating Income

-1.25 B -878 M -710 M -457 M -375 M -265 M -235 M -307 M -189 M -173 M -117 M -87.4 M -55 M -42.4 M -61.7 M -8.09 M -8.67 M -

Interest Expense

83.8 M 84.9 M 81.7 M 26.4 M 40.5 M 29.6 M 27.7 M 25.5 M 5.92 M 3.5 M 2.89 M 2.42 M 2.41 M 763 K 10 K 109 K 781 K -

EBITDA

-1.24 B -872 M -704 M -452 M -366 M -256 M -230 M -306 M -186 M -171 M -116 M -86.3 M -54.3 M -41.9 M -35.4 M -8.04 M -7.97 M -

Operating Expenses

- - - - - - 348 M 315 M 189 M 173 M 117 M 87.4 M 66.5 M 42.4 M 40.1 M 15 M 19 M -

General and Administrative Expenses

701 M 461 M 345 M 266 M 234 M 204 M 211 M 168 M 46.2 M 35.3 M 30.6 M 23 M 22.2 M 12.7 M - 10.3 M 9.84 M -

All numbers in USD currency

Quarterly Income Statement Insmed Incorporated

2026-Q2 2026-Q1 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

217 M 215 M 212 M 189 M 181 M 179 M 174 M 155 M 148 M 148 M 143 M 138 M 136 M 136 M 121 M 120 M 119 M 119 M 117 M 110 M 103 M 103 M 102 M 96.6 M 89.8 M 89.7 M 89.2 M 81.8 M 77.5 M 77.3 M 77.1 M 76.8 M 76.6 M 76.6 M 65.3 M 62.2 M 62 M 62 M 61.9 M 61.9 M 61.9 M 61.8 M 61.8 M 60.8 M 50 M 49.8 M 44.1 M 39.3 M 39.2 M 39.1 M 37.4 M 31.8 M 31.6 M 31.5 M 25 M 24.9 M 24.9 M 24.8 M 24.8 M 24.8 M 18.8 M

Net Income

-13.2 M -164 M -370 M -322 M -257 M - -221 M -301 M -157 M - -159 M -245 M -160 M - -131 M -95.6 M -94.6 M - -113 M -117 M -91.6 M - -63.7 M -61.9 M -66.4 M -53 M -60.7 M -66.5 M -74.2 M -91.6 M -87.7 M -76.4 M -68.5 M -65.4 M -45.2 M -44.7 M -37.4 M -68.4 M -37.8 M -36.6 M -33.5 M -31.2 M -31 M -28.6 M -27.4 M -17.6 M -24 M -23.2 M -14.3 M -16.2 M -17.3 M -8.85 M -13.7 M -15.5 M -9.38 M -9.7 M -6.84 M -8.16 M -34.6 M -10 M -6.89 M

Revenue

425 M 306 M 142 M 107 M 92.8 M - 93.4 M 90.3 M 75.5 M - 79.1 M 77.2 M 65.2 M - 67.7 M 65.2 M 53.1 M - 46.8 M 45.4 M 40.2 M - 43.6 M 42.5 M 36.9 M 45.7 M 38.9 M 30 M 21.9 M 9.84 M - - - - - - - - - - - - - - - - - - - - - 11.5 M - - - - - 1.4 M 435 K 978 K 1.6 M

Cost of Revenue

67.2 M 47.4 M 29.4 M 28.1 M 21.3 M - 21.2 M 21 M 17.5 M - 16.7 M 16.6 M 13.8 M - 13.5 M 16.4 M 12.2 M - 10.2 M 10.8 M 9.84 M - 10.6 M 9.95 M 8.44 M - 6.44 M 4.92 M 4.15 M 2.42 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Gross Profit

- - - - - - - - - - - - - - - - - - - - - - 33 M 32.5 M 28.4 M 37 M 32.4 M 25.1 M 17.8 M 7.41 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Income

-1.55 M -153 M -366 M -313 M -248 M - -213 M -289 M -146 M - -148 M -236 M -148 M - -128 M -88.3 M -89.8 M - -104 M -88.6 M -83.8 M - -56.2 M -54.1 M -60.4 M -47.1 M -56.5 M -62.2 M -69.5 M -87.7 M -84 M -72.9 M -62.8 M -65.4 M -44.1 M -43.5 M -36 M -67.1 M -37.1 M -36.1 M -33.1 M -32.6 M -30.2 M -28 M -26.7 M -23.1 M -23.4 M -22.8 M -18.1 M -15.6 M -16.8 M -8.27 M -14.3 M -15.8 M -9.35 M -9.98 M -7.26 M -8.87 M -35 M -10.5 M -7.42 M

Interest Expense

-531 K -736 K -603 K 21.2 M 21.6 M - 21.1 M 21.3 M 21 M - 20.3 M 20.6 M 20 M - 3.35 M 3.36 M 3.29 M - 11.2 M 10.3 M 7.56 M - 7.18 M 7.47 M 7.41 M - 6.85 M 6.78 M 6.73 M - 6.68 M 6.49 M 5.64 M - 1.5 M 1.49 M 1.47 M - 769 K 624 K 622 K - 725 K 718 K 722 K - 594 K 595 K 606 K - 525 K 635 K 643 K - 222 K 1 K 2 K - 2 K 3 K 4 K

EBITDA

4.56 M -150 M -359 M -312 M -246 M - -212 M -288 M -144 M - -146 M -234 M -147 M - -126 M -87.1 M -88.5 M - -96.6 M -87.3 M -81.4 M - -49.4 M -49.6 M -58.1 M -47.1 M -53.2 M -59.9 M -68.4 M -87.7 M -81.3 M -71.2 M -62 M -65.4 M -41.9 M -42.1 M -35.3 M -67.1 M -35.4 M -35.1 M -32.6 M -32.6 M -28.9 M -27.1 M -26.3 M -23.1 M -22.7 M -22.5 M -17.9 M -15.6 M -16.4 M -7.97 M -14.2 M -15.8 M -8.94 M -9.71 M -7.13 M -8.87 M -34.7 M -10.3 M -7.34 M

Operating Expenses

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 84 M 72.9 M 62.8 M - 44.1 M 43.5 M 36 M - 37.1 M 36.1 M 33.1 M - 30.2 M 28 M 26.7 M - 23.4 M 22.8 M 18.1 M - 16.8 M 19.8 M 14.3 M - 9.35 M 9.98 M 7.26 M - 35.4 M 11.5 M 9.02 M

General and Administrative Expenses

247 M 247 M 186 M 155 M 148 M - 119 M 107 M 93.1 M - 90.6 M 84.4 M 79.9 M - 75.6 M 60 M 56.7 M - 60.3 M 57.2 M 51.6 M - 46.6 M 49.7 M 51.3 M - 53.3 M 52.4 M 54.8 M - 44.4 M 37.2 M 32.7 M - 17.4 M 16.6 M 13.7 M - 13.7 M 12.3 M 12.5 M - 11 M 9.71 M 9.54 M - 8.2 M 7.87 M 6.73 M - 4.75 M 7.54 M 3.98 M - 3.65 M 2.24 M 2.52 M - 2.47 M 2.74 M 3.26 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Insmed Incorporated (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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