MannKind Corporation (MNKD) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MNKD Revenue Growth
Revenue Breakdown (FY 2025)
MNKD's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MNKD Revenue Analysis (2014–2025)
As of May 8, 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.
Looking at the longer-term picture, MNKD's 5-year compound annual growth rate (CAGR) stands at +39.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $349.0 million in 2025, representing a new all-time high.
Revenue diversification analysis shows MNKD's business is primarily driven by Product Revenue (62%), Royalty (37%), and Service (1%). With over half of revenue concentrated in Product Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including UTHR (+5.9% YoY), INSM (+66.7% YoY), and ACAD (+9.9% YoY), MNKD has underperformed the peer group in terms of 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% | 46.9% | |
 INSM | $606M | +66.7% | +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 (2014–2025)
| 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% |
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Start ComparisonMNKD — Frequently Asked Questions
Quick answers to the most common questions about buying MNKD stock.
Is MNKD's revenue growth accelerating or slowing?
MNKD revenue is accelerating at +15.1% year-over-year, exceeding the 5-year CAGR of +39.9%. TTM revenue reached $361M. Growth momentum has increased versus prior periods.
What is MNKD's long-term revenue growth rate?
MannKind Corporation's 5-year revenue CAGR of +39.9% reflects the sustained expansion pattern. Current YoY growth of +15.1% is above this long-term average.
How is MNKD's revenue distributed by segment?
MNKD reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.