The financials
MannKind Corporation by the numbers
MannKind Corporation (MNKD) reported revenue of $90M in Q1 2026 (quarter ended March 31, 2026), up 15% from the same quarter a year earlier. That came with a gross margin of 92% and net loss of $17M. For the full year FY2025, revenue was $349M (+22% year on year) and net income $5.9M. Its largest product in 2026-Q1 was Royalty at $33M, 35% of the disclosed total, just ahead of License And Service at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $90M | $78M | +15% |
| Gross profit | $83M | $75M | +11% |
| Operating income | −$1.7M | $22M | to a loss |
| Net income | −$17M | $13M | to a loss |
| Diluted EPS | −$0.05 | $0.04 | to a loss |
| Product | Revenue | Share |
|---|---|---|
| Royalty | $33M | 35% |
| License And Service | $24M | 25% |
| Furoscix | $15M | 16% |
| Afrezza | $15M | 16% |
| V Go | $3.1M | 3.3% |
| Manufacturing Services | $2.4M | 2.6% |
| Service | $1.5M | 1.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $94.1M (+14%)
Manufacturing Services grew +700% year on yearV Go -23% year on year
Segment Latestquarter on quarteryear on year
- Royalty$32.7M$32.7MQoQ -1.7%year on year +9.1%-1.7%+9.1%
- License And Service$23.5M$23.5MQoQ -11%year on year -20%-11%-20%
- Furoscix$15.5M$15.5MQoQ -year on year ---
- Afrezza$15.3M$15.3MQoQ -17%year on year +2.6%-17%+2.6%
- V Go$3.1M$3.1MQoQ -18%year on year -23%-18%-23%
- Manufacturing Services$2.4M$2.4MQoQ -year on year +700%-+700%
- Service$1.5M$1.5MQoQ +179%year on year +169%+179%+169%