Insmed revenue and financials

INSM · NASDAQ · USD

$105.23Change from previous close: +1.35%Absolute change: +$1.40

Close · October 6, 2026

In the fiscal year ended December 2025, Insmed reported revenue of $606.42M (+66.73% year over year). The net loss was $1.28B.

Annual revenue · 2025: $606.42M
  1. $9.84M2018
  2. $136.47M2019
  3. $164.41M2020
  4. $188.46M2021
  5. $245.36M2022
  6. $305.21M2023
  7. $363.71M2024
  8. $606.42M2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+66.73%
2025 vs 2024
Net margin
-210.5%
2024: -251.2%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Cash flow · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow-88.8-223-248-220-206-262-196-181-123-184-131-136
Depreciation and amortization4.74.55.03.53.22.62.22.22.22.32.22.2
Capital expenditure-6.3-3.5-16.6-2.4-3.5-10.1-6.8-3.7-6.8-4.7-2.2-2.9
Investing cash flow24.5266389-76222880.4132-1,003-6.82951.87.1
Financing cash flow27.229.533.933.485829.01593977813.01231.2
Debt issued——————150—————
Debt repaid-0.8-0.8-0.8-0.7-2.7-0.7-0.7-0.7-0.6-0.61.2-1.1
Effect of exchange rates-0.3-0.60.0-1.01.00.9-1.51.8-0.7-1.01.02.2
Net change in cash-37.471.7176-950881-15293.6-785651113-4.7-126
Free cash flow-95.1-226-264-222-209-272-203-185-130-189-133-139
Levered free cash flow-41.2-232-235-63.2-75.6-190-111-166-14.0-128-71.2-93.6