Filing Flows › Mannkind (MNKD) › Q1 2025
Mannkind (MNKD) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Mannkind (MNKD) reported revenue of $78.4M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +2% from the quarter before. Operating margin was 28.5%, net earnings $13.2M (16.8% of revenue).
Mannkind, Q1 2025: revenue $78.4M (+18% year over year), operating margin 28.5%, net earnings $13.2M, operating cash flow −$6.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $78.4M | +2% | +18% |
| Operating profit | $22.3M | -16% | +33% |
| Net earnings | $13.2M | +77% | +24% |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $78.4M in Q1 2025, up 18% year over year and up 2% from the previous quarter. Royalty was the largest line at 38% of revenue. Royalty added $7.4M year over year (up 32%), 61% of the total change.
Operating profit was $22.3M, a 28.5% margin (up 3.2 points year over year). Of the extra revenue versus a year earlier, 46% reached operating profit, above the 25% margin then. Total costs grew 13% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+22%). Net earnings were $13.2M, up 24% year over year. The effective tax rate was 3.4%.
Operating cash flow was −$6.4M. Non-cash charges added back $2.1M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $27.0M. Capital expenditures of $330K exceeded it, leaving free cash flow of −$6.7M.
Questions
What was Mannkind's revenue in the first quarter 2025?
Mannkind (MNKD) reported revenue of $78.4M for the first quarter 2025 (Q1 2025), +18% from a year earlier and +2% from the quarter before.
Was Mannkind profitable in the first quarter 2025?
Operating profit was $22.3M (28.5% of revenue) and net earnings $13.2M.
Source: Mannkind 10-Q on SEC EDGAR.