MANNKIND CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
MNKD$4.19+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (In thousands except per share data) | |||
| Revenues: | |||
| Commercial product sales | $114,137 | $82,329 | $74,029 |
| Collaborations and services | 106,713 | 100,840 | 52,954 |
| Royalties | 128,116 | 102,335 | 71,979 |
| Total revenues | 348,966 | 285,504 | 198,962 |
| Expenses: | |||
| Cost of goods sold – commercial, excluding amortization of acquired intangible assets | 26,800 | 17,429 | 20,863 |
| Cost of revenue – collaborations and services | 61,160 | 59,173 | 41,908 |
| Research and development | 66,348 | 45,893 | 31,283 |
| Selling, general and administrative | 144,135 | 94,329 | 94,314 |
| Amortization of acquired intangible assets | 3,973 | — | — |
| Loss (gain) on foreign currency transaction | 7,749 | (3,907) | 1,916 |
| Total expenses | 310,165 | 212,917 | 190,284 |
| Income from operations | 38,801 | 72,587 | 8,678 |
| Other income (expense): | |||
| Interest income, net | 8,053 | 12,615 | 6,154 |
| Interest expense | (13,830) | (11,981) | (15,151) |
| Interest expense on liability for sale of future royalties | (14,449) | (16,172) | (185) |
| Interest expense on financing liability | (9,750) | (9,828) | (9,825) |
| Impairment of available-for-sale investment | (6,409) | (1,550) | (170) |
| Other (expense) income | (1,009) | 32 | 122 |
| Gain on bargain purchase | — | 5,259 | — |
| Loss on settlement of debt | — | (20,444) | — |
| Total other expense | (37,394) | (42,069) | (19,055) |
| Income before income tax (benefit) expense | 1,407 | 30,518 | (10,377) |
| Income tax (benefit) expense | (4,456) | 2,930 | 1,561 |
| Net income (loss) | $5,863 | $27,588 | $(11,938) |
| Net income (loss) per share – basic | $0.02 | $0.10 | $(0.04) |
| Weighted average shares used to compute net income (loss) per share – basic | 305,639 | 274,415 | 267,014 |
| Net income (loss) per share – diluted | $0.02 | $0.10 | $(0.04) |
| Weighted average shares used to compute net income (loss) per share – diluted | 314,112 | 283,844 | 267,014 |
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