Mannkind (MNKD) Operating Expenses (2010 - 2026)

Mannkind (MNKD) reported Operating Expenses of $91.8 million for Q1 2026, up 63.82% year-over-year from $56.1 million in Q1 2025, and down 23.24% quarter-over-quarter from $119.6 million in Q4 2025.

Mannkind (MNKD) Operating Expenses (2010 - 2026) Analysis & Trends

Mannkind (MNKD) has 17 years of Operating Expenses data on file, last reported at $91.8 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $91.8 million, up 63.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $345.9 million (up 57.65% YoY), and the FY2025 annual result was $310.2 million, up 45.67% from the prior year.
  • Operating Expenses retreated to $91.8 million in Q1 2026 per MNKD's latest filing, from $119.6 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $119.6 million in Q4 2025 and troughed at $33.2 million in Q1 2022.
  • A 5-year average of $57.0 million and a median of $50.3 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses decreased 0.66% in 2024, then surged 137.95% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $48.8 million in 2022, then grew by 3.61% to $50.6 million in 2023, then decreased by 0.66% to $50.3 million in 2024, then surged by 137.95% to $119.6 million in 2025, then declined by 23.24% to $91.8 million in 2026.
  • Business Quant data shows MNKD's Operating Expenses at $91.8 million in Q1 2026, $119.6 million in Q4 2025, and $63.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Mannkind 1.21 Bn 1.08 Bn 82.66 Mn 91.84 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 91.84 Mn
Dec 31, 2025 119.64 Mn
Sep 30, 2025 63.23 Mn
Jun 30, 2025 71.23 Mn
Mar 31, 2025 56.06 Mn
Dec 31, 2024 50.28 Mn
Sep 30, 2024 57.32 Mn
Jun 30, 2024 55.78 Mn
Mar 31, 2024 49.54 Mn
Dec 31, 2023 50.61 Mn
Sep 30, 2023 46.16 Mn
Jun 30, 2023 46.89 Mn
Mar 31, 2023 46.62 Mn
Dec 31, 2022 48.85 Mn
Sep 30, 2022 42.44 Mn
Jun 30, 2022 39.35 Mn
Mar 31, 2022 33.25 Mn
Dec 31, 2021 36.48 Mn
Sep 30, 2021 28.80 Mn
Jun 30, 2021 33.55 Mn