INSMED INC financials
Source: EDGAR filings · Built 2026-06-02T03:18:37Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -970.54M | -708.41M | -550.75M | -410.92M | -371.67M | -226.52M |
| EBITDA | -1.23B | -867.24M | -704.13M | -452.02M | -365.99M | -256.13M |
| Working Capital | 1.33B | 1.32B | 703.43M | 1.08B | 701.87M | 504.08M |
| Net Debt | 82.03M | 612.16M | 743.84M | 132.74M | 128.90M | -34.23M |
| Gross Margin | 79.73% | 76.43% | 78.52% | 77.53% | 76.57% | 75.75% |
| Operating Margin | -205.59% | -241.47% | -232.51% | -186.39% | -199.03% | -161.32% |
| Net Margin | -210.54% | -251.24% | -245.59% | -196.26% | -230.63% | -178.87% |
| Return on Equity (ROE) | -172.78% | -320.20% | 225.83% | -547.50% | -105.89% | -106.60% |
| Return on Assets (ROA) | -56.38% | -45.12% | -56.37% | -29.07% | -34.95% | -36.94% |
| Current Ratio | 3.83× | 5.45× | 4.12× | 6.69× | 6.19× | 5.24× |
| Debt-to-Equity | 0.80× | 4.09× | -3.69× | 13.72× | 2.06× | 1.81× |
| Effective Tax Rate | -0.40% | -0.41% | -0.34% | -0.29% | 0.40% | -0.48% |
| Cash Conversion Ratio | 0.73× | 0.75× | 0.72× | 0.83× | 0.84× | 0.75× |
| Accruals Ratio | -0.15× | -0.11× | -0.16× | -0.05× | -0.06× | -0.09× |
| SBC % of Revenue | 25.18% | 26.62% | 24.50% | 23.51% | 24.42% | 21.99% |
| CapEx Coverage | -26.32× | -27.88× | -36.97× | -38.21× | -43.41× | -30.57× |
| Free Cash Flow Per Share | $-4.88 | $-4.32 | $-3.92 | $-3.34 | $-3.32 | $-2.32 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 606.42M | 363.71M | 305.21M | 245.36M | 188.46M | 164.41M |
| Cost of Goods and Services Sold | 122.94M | 85.74M | 65.57M | 55.13M | 44.15M | 39.87M |
| Research and Development Expense | 771.09M | 598.37M | 571.01M | 397.52M | 272.74M | 181.16M |
| Selling, General and Administrative Expense | 701.17M | 461.12M | 344.50M | 265.78M | — | — |
| Operating Income (Loss) | -1.25B | -878.25M | -709.63M | -457.32M | -375.09M | -265.23M |
| Income Tax Expense (Benefit) | 5.03M | 3.71M | 2.56M | 1.38M | -1.76M | 1.40M |
| Net Income (Loss) Attributable to Parent | -1.28B | -913.77M | -749.57M | -481.53M | -434.65M | -294.09M |
| Earnings Per Share, Basic | $-6.42 | $-5.57 | $-5.34 | $-3.91 | $-3.88 | $-3.01 |
| Weighted Average Number of Shares Outstanding, Basic | 199.01M | 164.04M | 140.43M | 123.03M | 112.11M | 97.61M |
| Earnings Per Share, Diluted | $-6.42 | $-5.57 | $-5.34 | $-3.91 | $-3.88 | $-3.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 199.01M | 164.04M | 140.43M | 123.03M | 112.11M | 97.61M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 510.44M | 555.03M | 482.37M | 1.07B | 716.78M | 532.76M |
| Assets, Current | 1.79B | 1.62B | 929.06M | 1.27B | 837.04M | 622.89M |
| Assets | 2.26B | 2.03B | 1.33B | 1.66B | 1.24B | 796.15M |
| Long-term Debt | 546.77M | 1.12B | 1.18B | 1.15B | 800.00M | 450.00M |
| Liabilities, Current | 468.87M | 297.53M | 225.63M | 190.24M | 135.17M | 118.81M |
| Long-term Debt, Excluding Current Maturities | 540.96M | 1.10B | 1.16B | 1.13B | 566.59M | 356.32M |
| Liabilities | 1.53B | 1.74B | 1.66B | 1.57B | 833.04M | 520.27M |
| Stockholders' Equity Attributable to Parent | 738.98M | 285.38M | -331.92M | 87.95M | 410.47M | 275.88M |
| Common Stock, Shares, Outstanding | 214.26M | 179.38M | 147.98M | 135.65M | 118.74M | 102.76M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -935.01M | -683.88M | -536.25M | -400.44M | -363.30M | -219.35M |
| Payments to Acquire Property, Plant, and Equipment | 32.56M | 21.92M | 13.29M | 9.88M | 7.29M | 6.24M |
| Net Cash Provided by (Used in) Investing Activities | -64.58M | -583.17M | -223.60M | -34.58M | -64.28M | -6.82M |
| Net Cash Provided by (Used in) Financing Activities | 954.07M | 1.34B | 168.44M | 793.27M | 612.55M | 271.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -227.02M | -264.96M | -705.58M | -482.65M | -272.86M | -203.44M |
| EBITDA | -148.31M | -314.19M | — | — | -244.99M | -227.67M |
| Working Capital | 1.25B | 1.33B | 1.51B | 1.77B | 1.16B | 1.32B |
| Net Debt | 2.69M | 82.03M | 248.57M | -700.55M | 756.75M | 612.16M |
| Gross Margin | 84.50% | 83.24% | 79.37% | 73.86% | 77.08% | 74.96% |
| Operating Margin | -50.11% | -121.19% | -257.13% | -291.28% | -267.33% | -220.61% |
| Net Margin | -53.46% | -124.50% | -259.95% | -299.48% | -276.42% | -225.53% |
| Return on Equity (ROE) | -23.21% | -44.45% | -39.13% | -25.74% | -258.76% | -82.54% |
| Return on Assets (ROA) | -7.88% | -14.51% | -15.67% | -12.97% | -14.23% | -11.63% |
| Current Ratio | 4.47× | 3.83× | 4.63× | 6.68× | 5.86× | 5.45× |
| Debt-to-Equity | 0.83× | 0.80× | 0.62× | 0.47× | 11.70× | 4.09× |
| Effective Tax Rate | -0.90% | -0.47% | -0.36% | -0.39% | -0.36% | -0.54% |
| Cash Conversion Ratio | 1.36× | 0.75× | 1.86× | 1.45× | 1.02× | 0.83× |
| Accruals Ratio | 0.03× | -0.04× | 0.13× | 0.06× | 0.00× | -0.02× |
| SBC % of Revenue | 14.95% | 14.80% | 79.86% | 76.56% | 42.30% | 25.42% |
| CapEx Coverage | -52.05× | -14.26× | -37.86× | -31.19× | -24.32× | -26.28× |
| Free Cash Flow Per Share | $-1.05 | $-1.33 | $-3.33 | $-2.55 | $-1.51 | $-1.24 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 305.96M | 263.84M | 142.34M | 107.42M | 92.82M | 104.44M |
| Cost of Goods and Services Sold | 47.42M | 44.22M | 29.36M | 28.07M | 21.28M | 26.15M |
| Research and Development Expense | 209.49M | 254.91M | 186.41M | 177.19M | 152.58M | 179.73M |
| Selling, General and Administrative Expense | 247.26M | 212.48M | 186.38M | 154.76M | 147.54M | 142.51M |
| Operating Income (Loss) | -153.32M | -319.75M | -366.00M | -312.88M | -248.14M | -230.41M |
| Income Tax Expense (Benefit) | 1.47M | 1.55M | 1.32M | 1.24M | 912.00K | 1.27M |
| Net Income (Loss) Attributable to Parent | -163.56M | -328.49M | -370.02M | -321.69M | -256.58M | -235.55M |
| Earnings Per Share, Basic | $-0.76 | $-1.53 | $-1.75 | $-1.70 | $-1.42 | $-1.30 |
| Weighted Average Number of Shares Outstanding, Basic | 215.47M | 199.01M | 211.76M | 189.30M | 180.86M | 164.04M |
| Earnings Per Share, Diluted | $-0.76 | $-1.53 | $-1.75 | $-1.70 | $-1.42 | $-1.30 |
| Weighted Average Number of Shares Outstanding, Diluted | 215.47M | 199.01M | 211.76M | 189.30M | 180.86M | 164.04M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 582.19M | 510.44M | 334.76M | 1.28B | 403.25M | 555.03M |
| Assets, Current | 1.61B | 1.79B | 1.93B | 2.08B | 1.40B | 1.62B |
| Assets | 2.08B | 2.26B | 2.36B | 2.48B | 1.80B | 2.03B |
| Long-term Debt | 546.77M | 546.77M | 546.77M | 546.77M | 1.12B | 1.12B |
| Liabilities, Current | 361.01M | 468.87M | 417.21M | 311.68M | 239.23M | 297.53M |
| Long-term Debt, Excluding Current Maturities | 542.22M | 540.96M | 539.72M | 538.51M | 1.11B | 1.10B |
| Liabilities | 1.37B | 1.53B | 1.42B | 1.23B | 1.70B | 1.74B |
| Stockholders' Equity Attributable to Parent | 704.85M | 738.98M | 945.57M | 1.25B | 99.16M | 285.38M |
| Common Stock, Shares, Outstanding | 216.52M | 214.26M | 212.58M | 211.11M | 181.90M | 179.38M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -222.74M | -247.60M | -687.42M | -467.66M | -262.09M | -195.98M |
| Payments to Acquire Property, Plant, and Equipment | 3.48M | 16.59M | 15.97M | 13.55M | 10.07M | 6.77M |
| Net Cash Provided by (Used in) Investing Activities | 265.52M | 389.41M | -453.99M | 308.25M | 80.41M | 131.76M |
| Net Cash Provided by (Used in) Financing Activities | 29.51M | 33.86M | 920.21M | 886.80M | 29.00M | 159.31M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (INSM CIK 0001104506),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.