Insmed INSM
NASDAQ INSM
$129.41 +2.13 (+1.67%)
At close: Sep 11, 2026 · 4:00 PM EDT

Insmed (INSM) Operating Expenses (2010 - 2026)

Insmed (INSM) posted Operating Expenses of $427.0 million for Q2 2026, down 7.02% on a QoQ basis from $459.3 million in Q1 2026, and up 1.6% year-over-year from $420.3 million in Q2 2025.

Analysis

Insmed (INSM) Operating Expenses (2010 - 2026) Analysis & Trends

Insmed has reported Operating Expenses for 17 years, with the latest figure at $427.0 million in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 1.6% year-over-year to $427.0 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 41.01% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 49.22% from the prior year.
  • Operating Expenses was $427.0 million for Q2 2026 at Insmed, down from $459.3 million in the prior quarter.
  • The five-year high for Operating Expenses was $583.6 million in Q4 2025, with the low at $142.9 million in Q1 2022.
  • Average Operating Expenses over 5 years is $316.6 million, with a median of $309.8 million recorded in 2023.
  • The sharpest annual moves came in 2023 and 2026: Operating Expenses surged 103.7% in 2023, then gained 1.6% in 2026.
  • Over 5 years, Operating Expenses stood at $210.8 million in 2022, then climbed by 24.29% to $262.0 million in 2023, then climbed by 27.82% to $334.9 million in 2024, then surged by 74.28% to $583.6 million in 2025, then retreated by 26.83% to $427.0 million in 2026.
  • The last three Operating Expenses figures came in at $427.0 million (Q2 2026), $459.3 million (Q1 2026), and $583.6 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amgen 204.00 Bn 190.01 Bn 7.24 Bn 6.54 Bn
2 Gilead Sciences 178.36 Bn 175.09 Bn 6.22 Bn 18.20 Bn
3 Vertex Pharmaceuticals 130.59 Bn 122.73 Bn 2.84 Bn 2.09 Bn
4 Regeneron Pharmaceuticals 80.34 Bn 72.34 Bn 3.93 Bn 3.00 Bn
5 Argenx Se 60.92 Bn 55.73 Bn 1.37 Bn -1.05 Bn
6 Moderna 57.44 Bn 52.31 Bn 52.00 Mn 960.00 Mn
7 Alnylam Pharmaceuticals 33.26 Bn 29.95 Bn 992.69 Mn 1.06 Bn
8 Biogen 32.08 Bn 30.80 Bn 1.96 Bn 2.60 Bn
9 Roivant Sciences 29.50 Bn 30.19 Bn 1.16 Mn 367.83 Mn
10 Insmed 28.25 Bn 27.09 Bn 358.27 Mn 427.03 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 427.03 Mn
Mar 31, 2026 459.28 Mn
Dec 31, 2025 583.59 Mn
Sep 30, 2025 508.35 Mn
Jun 30, 2025 420.29 Mn
Mar 31, 2025 340.96 Mn
Dec 31, 2024 334.86 Mn
Sep 30, 2024 306.85 Mn
Jun 30, 2024 379.24 Mn
Mar 31, 2024 221.01 Mn
Dec 31, 2023 261.97 Mn
Sep 30, 2023 226.74 Mn
Jun 30, 2023 312.76 Mn
Mar 31, 2023 213.37 Mn
Dec 31, 2022 210.78 Mn
Sep 30, 2022 195.43 Mn
Jun 30, 2022 153.54 Mn
Mar 31, 2022 142.94 Mn
Dec 31, 2021 155.20 Mn
Sep 30, 2021 150.37 Mn