MannKind Corporation (MNKD) Revenue History
Annual and quarterly revenue from 2002 to present
MNKD Revenue Over Time (2002–2025)
MNKD Revenue Growth History
9 of 15 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- N/A
- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- -90.0%
- FY2008 revenue growth
- +100.0%
- FY2009 revenue growth
- -100.0%
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- -46.2%
- FY2012 revenue growth
- -30.0%
- FY2013 revenue growth
- -100.0%
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- -93.3%
- FY2018 revenue growth
- +137.2%
- FY2019 revenue growth
- +126.3%
- FY2020 revenue growth
- +3.3%
- FY2021 revenue growth
- +15.8%
- FY2022 revenue growth
- +32.2%
- FY2023 revenue growth
- +99.4%
- FY2024 revenue growth
- +43.5%
- FY2025 revenue growth
- +22.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $90.2M | +15.1% |
| Q4 2025 | $112.0M | +45.8% |
| Q3 2025 | $82.1M | +17.2% |
| Q2 2025 | $76.5M | +5.7% |
| Q1 2025 | $78.4M | +18.2% |
| Q4 2024 | $76.8M | +31.3% |
| Q3 2024 | $70.1M | +36.7% |
| Q2 2024 | $72.4M | +48.9% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
MNKD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MNKD Revenue Analysis (2002–2025)
Current Revenue & Growth
As of June 22, 2026, MannKind Corporation (MNKD) generated trailing twelve-month (TTM) revenue of $360.8 million, reflecting strong growth of +15.1% year-over-year. The most recent quarter (Q1 2026) recorded $90.2 million in revenue, down 19.5% sequentially.
Historical Growth Trajectory
MNKD's 5-year compound annual growth rate (CAGR) stands at +39.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +51.8% exceeds the 5-year average, indicating an acceleration in the most recent period. MannKind Corporation's highest annual revenue of $349.0 million was recorded in 2025, an all-time high.
Revenue by Segment
MNKD's revenue is primarily driven by Product Revenue (62%), Royalty (37%), and Service (1%). With over half of revenue concentrated in Product Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including UTHR (+5.9% YoY), INSM (+115.1% YoY), and ACAD (+9.9% YoY) — MNKD has underperformed the peer group in revenue growth. Compare MNKD vs UTHR →
MNKD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MNKDCurrent | $361M | +15.1% | +39.9% | 11.1% | |
 UTHR | $3.2B | +5.9% | +16.5% | 47.7% | |
 INSM | $606M | +115.1% | +29.8% | -194.0% | |
 ACAD | $1.1B | +9.9% | +19.4% | 9.8% | |
 PTCT | $1.7B | -53.3% | +35.4% | 49.5% | |
 RARE | $673M | +13.3% | +19.9% | -79.5% |
MNKD Historical Revenue Data (2002–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $349.0M | +22.2% | $287.8M | 82.5% | $38.8M | 11.1% |
| 2024 | $285.5M | +43.5% | $208.9M | 73.2% | $72.6M | 25.4% |
| 2023 | $199.0M | +99.4% | $136.2M | 68.5% | $8.7M | 4.4% |
| 2022 | $99.8M | +32.2% | $42.3M | 42.4% | $-64,110,000 | -64.3% |
| 2021 | $75.4M | +15.8% | $36.6M | 48.5% | $-47,022,000 | -62.3% |
| 2020 | $65.1M | +3.3% | $40.5M | 62.2% | $-47,913,000 | -73.5% |
| 2019 | $63.0M | +126.3% | $35.1M | 55.6% | $-44,597,000 | -70.7% |
| 2018 | $27.9M | +137.2% | $7.4M | 26.5% | $-76,595,000 | -274.9% |
| 2017 | $11.7M | -93.3% | $-5,483,000 | -46.7% | $-108,189,000 | -921.1% |
| 2016 | $174.8M | - | $124.7M | 71.3% | $67.3M | 38.5% |
| 2015 | $0 | - | $-140,412,000 | - | $-344,655,000 | - |
| 2014 | $0 | - | $0 | - | $-179,627,000 | - |
| 2013 | $0 | -100.0% | $0 | - | $-169,401,000 | - |
| 2012 | $35K | -30.0% | $35K | 100.0% | $-146,960,000 | -419885.7% |
| 2011 | $50K | -46.2% | $50K | 100.0% | $-140,539,000 | -281078.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MNKD — Frequently Asked Questions
Quick answers to the most common questions about buying MNKD stock.
Is MNKD's revenue growth accelerating or slowing?
MNKD revenue growth is accelerating. TTM revenue reached $361M, up +15.1% year-over-year — ahead of the 5-year CAGR of +39.9%. This indicates the business is expanding faster than its historical baseline.
What is MNKD's revenue history from 2002 to 2026?
MannKind Corporation (MNKD) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $361M, growing at +15.1% YoY. The 5-year CAGR is +39.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MNKD's long-term revenue growth rate (CAGR)?
MannKind Corporation's 5-year revenue CAGR of +39.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +15.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MNKD.
Why does MNKD's quarterly revenue fluctuate?
MNKD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. MannKind Corporation's revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is MNKD's revenue distributed by segment?
MNKD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MNKD's revenue compare to industry peers?
MannKind Corporation (MNKD) with TTM revenue of $361M and +15.1% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.