INSM
Insmed Inc
NASDAQ: INSM · HEALTHCARE · BIOTECHNOLOGY
$135.03
+0.07% today
Updated 2026-04-29
Market cap
$29.15B
P/E ratio
—
P/S ratio
48.06x
EPS (TTM)
$-6.42
Dividend yield
—
52W range
$64 – $213
Volume
2.3M
Insmed Inc (INSM) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $991000.00 | $7.53M | $11.70M | $10.37M | $6.92M | $4.42M | $0.00 | $11.50M | $11.50M | $0.00 | $0.00 | $0.00 | $9.84M | $136.47M | $164.41M | $188.46M | $245.36M | $305.21M | $363.71M | $606.42M |
| Revenue growth (YoY) | — | +659.7% | +55.4% | -11.3% | -33.3% | -36.2% | -100.0% | — | +0.0% | -100.0% | — | — | — | +1287.6% | +20.5% | +14.6% | +30.2% | +24.4% | +19.2% | +66.7% |
| Cost of revenue | $1.49M | $576000.00 | $25.07M | $18.34M | $10.16M | $39.80M | $21.37M | $29.64M | $33.53M | $1.98M | $2.44M | $2.90M | $2.42M | $24.21M | $39.87M | $44.15M | $55.13M | $65.57M | $85.74M | $124.88M |
| Gross profit | $-499000.00 | $6.95M | $11.70M | $10.37M | $6.92M | $4.42M | $-21.37M | $-18.14M | $-22.04M | $-1.98M | $-2.44M | $-2.90M | $7.41M | $112.25M | $124.54M | $144.31M | $190.23M | $239.63M | $277.96M | $481.55M |
| Gross margin | -50.4% | 92.3% | 100.0% | 100.0% | 100.0% | 100.0% | — | -157.8% | -191.6% | — | — | — | 75.4% | 82.3% | 75.7% | 76.6% | 77.5% | 78.5% | 76.4% | 79.4% |
| R&D | $21.09M | $18.94M | $21.05M | $9.21M | $4.70M | $28.62M | $29.78M | $44.28M | $56.29M | $74.28M | $122.72M | $109.75M | $145.28M | $131.71M | $181.16M | $272.74M | $397.52M | $571.01M | $598.37M | $771.09M |
| SG&A | $25.68M | $8.46M | $5.06M | $9.84M | $10.31M | $11.52M | $12.66M | $18.63M | $31.07M | $43.22M | $50.68M | $79.17M | $168.22M | $210.80M | $203.61M | $234.27M | $265.78M | $344.50M | $461.12M | $701.17M |
| Operating income | $-54.37M | $-20.44M | $-14.41M | $-8.67M | $-8.09M | $-61.72M | $-42.44M | $-55.02M | $-87.36M | $-117.49M | $-173.40M | $-188.92M | $-307.34M | $-235.25M | $-265.23M | $-375.09M | $-457.32M | $-709.63M | $-878.25M | $-1.18B |
| Operating margin | -5486.7% | -271.5% | -123.2% | -83.6% | -116.9% | -1397.3% | — | -478.4% | -759.7% | — | — | — | -3124.9% | -172.4% | -161.3% | -199.0% | -186.4% | -232.5% | -241.5% | -194.0% |
| EBITDA | $-51.00M | $-20.03M | $-13.37M | $120.31M | $-6.19M | $-59.31M | $-40.05M | $-54.20M | $-86.09M | $-115.28M | $-170.24M | $-184.09M | $-295.18M | $-217.07M | $-250.37M | $-383.65M | $-447.37M | $-660.18M | $-818.79M | $-1.17B |
| EBITDA margin | -5146.7% | -266.1% | -114.3% | 1159.9% | -89.5% | -1342.8% | — | -471.3% | -748.6% | — | — | — | -3001.3% | -159.1% | -152.3% | -203.6% | -182.3% | -216.3% | -225.1% | -193.2% |
| EBIT | $-54.37M | $-20.44M | $-14.41M | $119.61M | $-6.25M | $-59.65M | $-40.61M | $-54.88M | $-87.17M | $-117.27M | $-172.68M | $-187.00M | $-300.00M | $-227.25M | $-264.52M | $-397.83M | $-457.70M | $-670.76M | $-829.81M | $-1.19B |
| Interest expense | $3.70M | $682000.00 | $1.26M | $781000.00 | $109000.00 | $10000.00 | $763000.00 | $2.41M | $2.42M | $2.89M | $3.50M | $5.92M | $25.47M | $27.70M | $29.56M | $40.47M | $26.45M | $81.69M | $84.91M | $83.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-56.14M | $-19.96M | $-15.67M | $118.35M | $-6.43M | $-59.66M | $-41.37M | $-56.07M | $-79.16M | $-118.18M | $-176.27M | $-192.65M | $-324.28M | $-254.34M | $-294.09M | $-434.65M | $-481.53M | $-749.57M | $-913.77M | $-1.28B |
| Net income growth (YoY) | — | +64.4% | +21.5% | +855.4% | -105.4% | -827.3% | +30.7% | -35.5% | -41.2% | -49.3% | -49.2% | -9.3% | -68.3% | +21.6% | -15.6% | -47.8% | -10.8% | -55.7% | -21.9% | -39.7% |
| Profit margin | -5664.9% | -265.1% | -133.9% | 1140.9% | -93.0% | -1350.8% | — | -487.6% | -688.3% | — | — | — | -3297.2% | -186.4% | -178.9% | -230.6% | -196.3% | -245.6% | -251.2% | -210.5% |