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| Date | Value |
|---|---|
| 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 |