Insmed (INSM) Free Cash Flow (2010 - 2026)

Insmed (INSM) recorded quarterly Free Cash Flow of -$226.2 million in Q1 2026, up 14.37% quarter-over-quarter from -$264.2 million in Q4 2025, and up 16.88% on a YoY basis from -$193.5 million in Q1 2025.

Insmed (INSM) Free Cash Flow (2010 - 2026) Analysis & Trends

Insmed's Free Cash Flow history runs 17 years deep, the most recent figure standing at -$226.2 million for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 16.88% year-over-year to -$226.2 million; the TTM figure through Mar 2026 stood at -$921.6 million (down 16.77% YoY), while the FY2025 annual figure was -$967.6 million, down 37.09% from the prior year.
  • Free Cash Flow was -$226.2 million for Q1 2026 at Insmed, up from -$264.2 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of -$90.4 million in Q3 2022 to a low of -$272.2 million in Q1 2025.
  • Historically, Free Cash Flow has averaged -$168.2 million across 5 years, with a median of -$149.7 million in 2023.
  • The sharpest annual moves came in 2022 and 2025: Free Cash Flow gained 17.46% in 2022, then sank 61.14% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$107.8 million in 2022, then decreased by 23.3% to -$133.0 million in 2023, then tumbled by 52.48% to -$202.8 million in 2024, then tumbled by 30.3% to -$264.2 million in 2025, then climbed by 14.37% to -$226.2 million in 2026.
  • The last three Free Cash Flow figures came in at -$226.2 million (Q1 2026), -$264.2 million (Q4 2025), and -$222.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - -
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - -
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - -1.67 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -12.20 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - -2.49 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -
7 Psyence Biomedical 227.32 Bn 227.31 Bn - -
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.71 Bn 91.71 Bn - 63,220.27
10 Insmed 19.79 Bn 18.57 Bn 258.54 Mn -226.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -226.22 Mn
Mar 31, 2026 -226.22 Mn
Dec 31, 2025 -264.19 Mn
Dec 31, 2025 -264.19 Mn
Sep 30, 2025 -222.18 Mn
Sep 30, 2025 -222.18 Mn
Jun 30, 2025 -209.05 Mn
Jun 30, 2025 -209.05 Mn
Mar 31, 2025 -272.16 Mn
Mar 31, 2025 -272.16 Mn
Dec 31, 2024 -202.75 Mn
Dec 31, 2024 -202.75 Mn
Sep 30, 2024 -184.61 Mn
Sep 30, 2024 -184.61 Mn
Jun 30, 2024 -129.74 Mn
Jun 30, 2024 -129.74 Mn
Mar 31, 2024 -188.71 Mn
Mar 31, 2024 -188.71 Mn
Dec 31, 2023 -132.97 Mn
Dec 31, 2023 -132.97 Mn