10-Q quarterly report · filed May 6, 2026

MANNKIND CORP (MNKD) Q1 2026 10-Q Quarterly Report

Short answer

MANNKIND CORP (MNKD) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $90M (up 15.1% year over year) with net income of −$17M.

Q1 2026 key financials · XBRL

Revenue
$90M
+15.1% YoY
Net income
−$17M
−226.3% YoY
Operating margin
-1.8%
EPS (diluted)
−$0.05
−225.0% YoY

Source: XBRL data from the MANNKIND CORP (MNKD) Q1 2026 10-Q on SEC EDGAR. USD.

MANNKIND CORP Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $90.2M, up 15% YoY from $78.4M, led by commercial product sales up 79% to $33.9M
  • Commercial product gross margin 78% vs 80% YoY; gross profit $26.4M vs $15.2M
  • Best product: Furoscix net revenue $15.5M; weakest: V-Go net revenue down 23% YoY
  • Operating cash use $5.4M vs $6.4M YoY; investing cash provided $18.7M, financing cash used $35.4M
  • Liquidity $133.9M; Furoscix ReadyFlow FDA target July 26, 2026, with tariff costs a potential headwind

Risk Factors

  • New trade-policy risk triggered by U.S.-China tensions and pharmaceutical tariffs, increasing costs and potentially delaying clinical development
  • Tyvaso DPI concentration risk from United Therapeutics prioritizing Tresmi or ralinepag, potentially reducing royalties and collaboration revenue
  • Regulatory compliance risk from FDA inspections, where major observations could require onerous corrective actions and suspend production
  • V-Go operational risk from Chinese contract manufacturing, despite July 2025 duty-free treatment under HTSUS subheading 9817.00.96
  • Acquisition-related financial risk from scPharma debt-funded purchase, increasing interest expense, leverage, and debt-service requirements

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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