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Companies / Health Care / MannKind Corporation
MNKD

MannKind Corporation

Health CarePharmaceutical Preparations
Ticker MNKDDANBURY, CTFiscal year ends DecemberBook value per share $-0.12Diluted shares 312.7M

MannKind Corporation (Nasdaq: MNKD) is a biopharmaceutical company developing and commercializing treatments for diabetes, heart failure, chronic kidney disease and orphan lung diseases. Its cardiometabolic products include Afrezza, an inhaled mealtime insulin; Furoscix, a subcutaneous furosemide treatment delivered… From the company’s description.

Over the twelve months to Sep 30, 2026, MannKind Corporation reported revenue of $413.37M, up 31.7% from a year earlier, and a net loss of $74.82M. Its operating margin was −2.9%, and operations used $66.24M in cash. In fiscal 2025, it reported revenue of $348.97M, up 22.2% from fiscal 2024, and net income of $5.86M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$348.97MFY2025
+22.2% year over year
Last 12 mo $413.37M
11.12%FY2025
−14.3 percentage points
Last 12 mo -2.88%
$5.86MFY2025
−78.7% year over year
Last 12 mo $-74.82M
-11.49%FY2025
+23.5 percentage points
Last 12 mo 200.78%
Cash & financing
$18.25MFY2025
−57.1% year over year
Last 12 mo $-66.24M
$13.69MFY2025
−58.3% year over year
Last 12 mo $-78.41M
-8.78FY2025
Was -1.65× a year earlier
Last 12 mo -11.05
314.1MFY2025
+10.7% year over year
Last 12 mo 312.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What MannKind Corporation does

In the company’s own words

MannKind Corporation (Nasdaq: MNKD) is a biopharmaceutical company developing and commercializing treatments for diabetes, heart failure, chronic kidney disease and orphan lung diseases. Its cardiometabolic products include Afrezza, an inhaled mealtime insulin; Furoscix, a subcutaneous furosemide treatment delivered by an on-body infusor; and V-Go, a wearable insulin delivery device. MannKind commercializes these products directly in the United States and works with regional partners outside the country. Its orphan lung disease business includes Tyvaso DPI, which United Therapeutics commercializes and for which MannKind receives royalties and manufacturing revenue. The company also develops inhaled drug candidates, including MNKD-201 for idiopathic pulmonary fibrosis, using its Technosphere drug delivery platform. MannKind manufactures Afrezza and Tyvaso DPI powders at its Connecticut facility and acquired Furoscix developer scPharmaceuticals in October 2025; it acquired V-Go in 2022. Its brands include Afrezza, Furoscix and V-Go.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
DANBURY, CT
Fiscal year end
December
CIK
899460
SIC
2834

Financial performance, year by year

Fiscal 2011–2025 · USD
$-446.63M$-212.08M$22.46M$257.01M$491.55M201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns MannKind Corporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

156
funds hold it
0 of 35
superinvestors hold it
$267.02M
held by funds, at market
21.3%
of shares held by funds

Largest fund holders · MannKind Corporation’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.34%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
Select Biotechnology Portfolio
FBIOX · Fidelity Select Portfolios
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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