Filing Flows › Mannkind (MNKD) › Q1 2026
Mannkind (MNKD) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Mannkind (MNKD) reported revenue of $90.2M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -19% from the quarter before. Operating margin was -1.8%, net loss $16.6M (18.4% of revenue).
Mannkind, Q1 2026: revenue $90.2M (+15% year over year), operating margin -1.8%, net loss $16.6M, operating cash flow −$5.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $90.2M | -19% | +15% |
| Operating profit | −$1.7M | — | -107% |
| Net earnings | −$16.6M | — | -226% |
| Operating cash flow | −$5.4M | — | — |
What changed
Revenue was $90.2M in Q1 2026, up 15% year over year and down 19% from the previous quarter. Product was the largest line at 38% of revenue. Product added $14.9M year over year (up 79%), 126% of the total change. License and Service declined 20%.
Operating costs exceeded revenue by $1.7M, an operating margin of -1.8%. Total costs grew 64% against revenue growth of 15%. The fastest-growing cost line was SG&A (+116%). The quarter ended with a net loss of $16.6M, wider than the previous quarter's $15.9M loss. Net interest and other expense of $14.7M was the main reason.
Operating cash flow was −$5.4M. Non-cash charges added back $6.4M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$7.2M.
Questions
What was Mannkind's revenue in the first quarter 2026?
Mannkind (MNKD) reported revenue of $90.2M for the first quarter 2026 (Q1 2026), +15% from a year earlier and -19% from the quarter before.
Was Mannkind profitable in the first quarter 2026?
Operating loss was $1.7M (-1.8% of revenue) and net loss $16.6M.
Source: Mannkind 10-Q on SEC EDGAR.