Insmed Incorporated (INSM) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

Insmed Incorporated (INSM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Insmed Incorporated FY2025 10-K Analysis

Business Overview

  • Core business model: Development and commercialization of specialty pharmaceuticals focusing on respiratory diseases, including key marketed products ARIKAYCE and BRINSUPRI
  • New product emphasis: BRINSUPRI launch in August 2025 generated $172.7M US sales in 2025, contributing to 66.7% overall revenue growth to $606.4M
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Management Discussion & Analysis

  • Revenue not disclosed in provided text, no YoY change available
  • Profitability or margin details not provided in the excerpt
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Risk Factors

  • FDA accelerated approval of ARIKAYCE contingent on successful ENCORE confirmatory trial with 425 patients enrolled as of Q4 2024
  • Exposure to inflation affecting suppliers, service providers, and partners across US, Europe, Japan, and global operations
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Insmed Incorporated FY2025 Key Financial Metrics
XBRL

Revenue

$606M

+66.7% YoY

Net Income

-$1.3B

-39.7% YoY

Operating Margin

-205.6%

+3588bp YoY

Net Margin

-210.5%

+4070bp YoY

ROE

-172.8%

+14742bp YoY

Total Assets

$2.3B

+11.8% YoY

EPS (Diluted)

$-6.42

-15.3% YoY

Operating Cash Flow

-$935M

-36.7% YoY

Source: XBRL data from Insmed Incorporated FY2025 10-K filing on SEC EDGAR. All figures in USD.

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