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How Mannkind (MNKD) makes money

Mannkind (MNKD) made $102M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Product brought in $45.0M (44%); Royalty brought in $37.5M (37%); License and Service brought in $19.4M (19%).

Drawing the Sankey…

Mannkind revenue by segment, Q3 2026Mannkind revenue by segment, Q3 2026Product$45.0MRoyalty$37.5MLicense and Service$19.4M
Mannkind: revenue by line, Q1 2025 to Q3 2026Mannkind: revenue by line, Q1 2025 to Q3 2026ProductRoyaltyLicense and ServiceManufacturing ServicesProduct: $45.0M latest$45.0MRoyalty: $37.5M latest$37.5MLicense and Service: $19.4M latest$19.4MManufacturing Services: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Product went from 24% of revenue in Q1 2025 to 44% in Q3 2026, the largest shift in the mix.
Mannkind revenue by quarterMannkind revenue by quarter$78.4MQ1 2025$76.5MQ2 2025$82.1MQ3 2025$112MQ4 2025$90.2MQ1 2026$109MQ2 2026$102MQ3 2026
Mannkind: where each dollar of revenue goesMannkind: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Product$45.0M44.2%+7%+102%
Royalty$37.5M36.8%+16%+12%
License and Service$19.4M19.0%-45%-27%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$102M100.0%
Income tax$51K0.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$102M+24%
Q2 2026$109M+43%
Q1 2026$90.2M+15%
Q4 2025$112M+46%
Q3 2025$82.1M+17%
Q2 2025$76.5M+6%
Q1 2025$78.4M+18%

From Mannkind's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Mannkind make money?

Mannkind (MNKD) made $102M of revenue in the third quarter 2026 (Q3 2026), +24% from a year earlier. Product brought in $45.0M (44%); Royalty brought in $37.5M (37%); License and Service brought in $19.4M (19%).

What is Mannkind's biggest business?

Product: $45.0M in the third quarter 2026, 44% of revenue, +102% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.