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Innoviva vs Mannkind: INVA and MNKD compared
Innoviva is the larger company: $106M of revenue in its latest quarter (Q3 2026) against $102M for Mannkind (Q3 2026). Mannkind is growing faster (+24% against -2% a year earlier). Innoviva is more profitable, with an operating margin of 39.7% against -2.1%.
Where the money goes: INVA and MNKD
Innoviva (INVA) · Q3 2026
Innoviva, Q3 2026: revenue $106M (-2% year over year), operating margin 39.7%, net loss $73.9M, operating cash flow $41.7M. The chart follows the revenue to costs, profit and cash.
Mannkind (MNKD) · Q3 2026
Mannkind, Q3 2026: revenue $102M (+24% year over year), operating margin -2.1%, net loss $23.2M, operating cash flow −$34.5M. The chart follows the revenue to costs, profit and cash.
| Innoviva (INVA) | Mannkind (MNKD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $106M | $102M |
| Revenue growth, Y/Y | -2% | +24% |
| Operating margin | 39.7% | -2.1% |
| Net earnings | −$73.9M | −$23.2M |
| Net margin | -69.6% | -22.8% |
| Operating cash flow | $41.7M | −$34.5M |
| Free cash flow | $41.7M | — |
| Market value | — | $1.0B |
| Analysts’ mean target | — | $8.11 |
Where the revenue comes from
Innoviva
- Royalty: $54.7M (52%)
- Product: $49.4M (47%)
- License and Other Revenue: $2.0M (2%)
Mannkind
- Product: $45.0M (44%)
- Royalty: $37.5M (37%)
- License and Service: $19.4M (19%)
Questions
Which is bigger, Innoviva or Mannkind?
Innoviva is the larger company: $106M of revenue in its latest quarter (Q3 2026) against $102M for Mannkind (Q3 2026).
Is Innoviva or Mannkind growing faster?
Mannkind is growing faster (+24% against -2% a year earlier).
Which is more profitable, Innoviva or Mannkind?
Innoviva is more profitable, with an operating margin of 39.7% against -2.1%.
More: Innoviva earnings · how Innoviva makes money · Mannkind earnings · how Mannkind makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.