Insmed (INSM) Cost of Revenue (2018 - 2026)
Insmed's (INSM) quarterly Cost of Revenue came in at $47.4 million in Q1 2026, up 122.86% year-on-year from $21.3 million in Q1 2025, and up 7.24% quarter-over-quarter from $44.2 million in Q4 2025.
Insmed (INSM) Cost of Revenue (2018 - 2026) Analysis & Trends
Insmed's Cost of Revenue history runs 9 years deep, the most recent figure standing at $47.4 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 122.86% year-over-year to $47.4 million in Q1 2026; TTM through Mar 2026 was $149.1 million, a 66.45% increase from a year earlier, with the FY2025 full-year figure at $122.9 million, up 43.38% from the prior year.
- Cost of Revenue climbed to $47.4 million in Q1 2026 per INSM's latest filing, from $44.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $47.4 million in Q1 2026 and bottomed at $12.2 million in Q1 2022.
- The 5-year median for Cost of Revenue is $18.4 million (2023), against an average of $22.2 million.
- Across the five-year window, Cost of Revenue decreased 1.65% in 2022 and soared 122.86% in 2026, its largest moves.
- Year by year, Cost of Revenue stood at $13.1 million in 2022, then jumped by 41.12% to $18.4 million in 2023, then jumped by 41.79% to $26.2 million in 2024, then surged by 69.09% to $44.2 million in 2025, then increased by 7.24% to $47.4 million in 2026.
- Per Business Quant, the three latest INSM Cost of Revenue figures stand at $47.4 million (Q1 2026), $44.2 million (Q4 2025), and $29.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 66,621.14 Bn | 66,620.85 Bn | - | - |
| 2 | Nanobiotix | 1,915.18 Bn | 1,915.11 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | - |
| 4 | BeOne Medicines | 471.27 Bn | 466.48 Bn | 1.35 Bn | 167.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.81 Bn | 114.57 Bn | 2.59 Bn | 392.80 Mn |
| 6 | Regeneron Pharmaceuticals | 69.58 Bn | 60.82 Bn | 3.31 Bn | 296.00 Mn |
| 7 | Belite Bio | 62.72 Bn | 62.72 Bn | - | - |
| 8 | Argenx Se | 55.51 Bn | 50.33 Bn | 1.41 Bn | 145.00 Mn |
| 9 | Revolution Medicines | 37.35 Bn | 37.35 Bn | - | - |
| 10 | Insmed | 22.60 Bn | 21.38 Bn | 258.54 Mn | 47.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 47.42 Mn |
| Mar 31, 2026 | 47.42 Mn |
| Dec 31, 2025 | 44.22 Mn |
| Dec 31, 2025 | 44.22 Mn |
| Sep 30, 2025 | 29.37 Mn |
| Sep 30, 2025 | 29.37 Mn |
| Jun 30, 2025 | 28.08 Mn |
| Jun 30, 2025 | 28.08 Mn |
| Mar 31, 2025 | 21.28 Mn |
| Mar 31, 2025 | 21.28 Mn |
| Dec 31, 2024 | 26.15 Mn |
| Dec 31, 2024 | 26.15 Mn |
| Sep 30, 2024 | 21.17 Mn |
| Sep 30, 2024 | 21.17 Mn |
| Jun 30, 2024 | 20.96 Mn |
| Jun 30, 2024 | 20.96 Mn |
| Mar 31, 2024 | 17.46 Mn |
| Mar 31, 2024 | 17.46 Mn |
| Dec 31, 2023 | 18.44 Mn |
| Dec 31, 2023 | 18.44 Mn |