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Mannkind (MNKD) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 5, 2026

Mannkind (MNKD) reported revenue of $109M for the second quarter 2026 (Q2 2026), +43% from a year earlier and +21% from the quarter before. Operating margin was -0.3%, net loss $19.0M (17.4% of revenue).

Revenue$109M
Year over year+43%
Quarter over quarter+21%
Operating margin-0.3%
Net earnings−$19.0M

Mannkind, Q2 2026: revenue $109M (+43% year over year), operating margin -0.3%, net loss $19.0M, operating cash flow −$18.4M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$109M+21%+43%
Operating profit−$350K—-107%
Net earnings−$19.0M—-2949%
Operating cash flow−$18.4M—-305%

What changed

Revenue was $109.4M in Q2 2026, up 43% year over year and up 21% from the previous quarter. Product was the largest line at 38% of revenue. Product added $19.5M year over year (up 87%), 59% of the total change.

Operating costs exceeded revenue by $350K, an operating margin of -0.3%. Total costs grew 54% against revenue growth of 43%. The fastest-growing cost line was Cost of revenue (+213%). The quarter ended with a net loss of $19.0M, wider than the previous quarter's $16.6M loss. Net interest and other expense of $18.8M was the main reason.

Operating cash flow was −$18.4M. Non-cash charges added back $6.4M of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items used $16.0M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$23.5M.

Questions

What was Mannkind's revenue in the second quarter 2026?

Mannkind (MNKD) reported revenue of $109M for the second quarter 2026 (Q2 2026), +43% from a year earlier and +21% from the quarter before.

Was Mannkind profitable in the second quarter 2026?

Operating loss was $350K (-0.3% of revenue) and net loss $19.0M.

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Source: Mannkind 10-Q on SEC EDGAR.