Insmed Incorporated (INSM)

Insmed Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	398.11	363.71	305.21	245.36	188.46	164.41
Revenue Growth (YoY)	21.15%	19.17%	24.39%	30.19%	14.63%	20.48%
Cost of Revenue	96.67	85.74	65.57	55.13	44.15	39.87
Gross Profit	301.43	277.97	239.64	190.23	144.31	124.54
Selling, General & Admin	563.75	461.12	344.5	265.78	233.67	203.61
Research & Development	660.3	598.37	571.01	397.52	272.74	181.16
Operating Expenses	1,229	1,065	920.56	668.36	511.47	389.77
Operating Income	-927.68	-786.57	-680.93	-478.12	-367.16	-265.23
Interest Expense	-88.4	-85.15	-81.37	-27.97	-40.47	-29.56
Interest & Investment Income	61.37	53.31	42.13	11.08	0.17	1.7
Other Non Operating Income (Expenses)	1.98	0.03	1.86	-5.94	-3.33	0.41
EBT Excluding Unusual Items	-952.72	-818.38	-718.32	-500.95	-410.79	-292.69
Merger & Restructuring Charges	-	-	-	-	-0.6	-
Other Unusual Items	-77.18	-91.68	-28.7	20.8	-25.02	-
Pretax Income	-1,030	-910.07	-747.01	-480.15	-436.41	-292.69
Income Tax Expense	4.44	3.71	2.56	1.38	-1.76	1.4
Net Income	-1,034	-913.77	-749.57	-481.53	-434.65	-294.09
Net Income to Common	-1,034	-913.77	-749.57	-481.53	-434.65	-294.09
Shares Outstanding (Basic)	181	164	140	123	112	98
Shares Outstanding (Diluted)	181	164	140	123	112	98
Shares Change (YoY)	22.38%	16.81%	14.14%	9.74%	14.86%	15.43%
EPS (Basic)	-5.72	-5.57	-5.34	-3.91	-3.88	-3.01
EPS (Diluted)	-5.72	-5.57	-5.34	-3.91	-3.88	-3.01
Free Cash Flow	-868.57	-705.81	-549.54	-410.32	-370.59	-225.59
Free Cash Flow Per Share	-4.80	-4.30	-3.91	-3.33	-3.31	-2.31
Gross Margin	75.72%	76.43%	78.52%	77.53%	76.57%	75.75%
Operating Margin	-233.02%	-216.27%	-223.10%	-194.87%	-194.82%	-161.32%
Profit Margin	-259.82%	-251.24%	-245.59%	-196.26%	-230.63%	-178.87%
Free Cash Flow Margin	-218.18%	-194.06%	-180.05%	-167.23%	-196.64%	-137.21%
EBITDA	-917.46	-777.7	-672.49	-465.83	-351.9	-250
EBITDA Margin	-230.46%	-213.82%	-220.34%	-189.86%	-186.72%	-152.06%
D&A For EBITDA	10.22	8.88	8.44	12.29	15.26	15.23
EBIT	-927.68	-786.57	-680.93	-478.12	-367.16	-265.23
EBIT Margin	-233.02%	-216.27%	-223.10%	-194.87%	-194.82%	-161.32%

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q