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
DateValue
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