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Insmed Inc revenue

Insmed Inc's revenue was $606m in fiscal 2025, up 66.7% on the year before. Since fiscal 2009 ($10.4m) it has grown at a compound 31.2% a year. Over the last twelve months it was $1.52bn.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Insmed Inc: revenue history, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue1074012000101361641882453053646061,520
Growth on the year before—−33.3%−36.2%−100.0%—−100.0%———+>999%+20.5%+14.6%+30.2%+24.4%+19.2%+66.7%—
Gross profit——————0071121251441902402784831,283
Gross margin————————75.4%82.3%75.7%76.6%77.5%78.5%76.4%79.7%84.4%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
ARIKAYCE $434M 71.5% ▲ 19.3%
BRINSUPRI $173M 28.5% —
Geography
Region Revenue Share YoY
United States $453M 74.7% ▲ 77.8%
Outside the US $153M 25.3% ▲ 40.9%

From Insmed Inc's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Biotechnology: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Insmed Inc $1.52bn 240.0% 75.6%
Halozyme Therapeutics, Inc. $1.66bn 41.2% 29.1%
Alkermes plc. $1.67bn 10.8% 4.5%
Madrigal Pharmaceuticals, Inc. $1.28bn 149.0% —
Lakefront Biotherapeutics NV $1.26bn 321.6% —
PTC Therapeutics, Inc. $1.16bn -35.1% 13.1%

Compare with peers

Head to head: HALO vs INSMALKS vs INSMINSM vs MDGL

More: Biotechnology stocks compared, Health Care sector, rankings of US companies

Figures from Insmed Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Insmed Inc.