MannKind Corporation logo MNKD - MannKind Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 3
SELL 7
STRONG
SELL
0
| PRICE TARGET: $8.25 DETAILS
HIGH: $10.00
LOW: $6.00
MEDIAN: $8.50
CONSENSUS: $8.25
UPSIDE: 144.08%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Revenue
Revenue 349.0 285.5 199.0 99.8 75.4 65.1 63.0 27.9 11.7 174.8 0 0 0 0.0 0.1 0.1 0 0.0 0.0 0.1 0 0 0 0 0.3 0.2
Cost of Revenue 61.2 76.6 62.8 57.5 38.9 24.6 28.0 20.5 17.2 50.1 140.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 287.8 208.9 136.2 42.3 36.6 40.5 35.1 7.4 (5.5) 124.7 (140.4) 0 0 0.0 0.1 0.1 0 0.0 0.0 0.1 0 0 0 0 0.3 0.2
Operating Expenses
R&D Expenses 66.3 45.9 31.3 19.7 12.3 6.2 6.9 8.7 14.1 14.9 29.7 100.2 109.7 101.5 100.0 112.3 156.3 250.4 256.8 191.8 95.3 59.3 45.6 42.7 19.8 20.5
SG&A Expenses 144.1 94.3 94.3 91.5 77.4 59.0 74.7 79.7 75.0 46.9 108.4 79.4 59.7 45.5 40.6 40.3 53.4 55.3 50.5 42.0 22.8 17.9 20.7 13.2 0 4.9
Other Expenses 38.5 (3.9) 1.9 (4.8) (6.1) 23.1 (1.9) (0.4) 0.0 (0.6) 1.4 1.7 (0.6) (1.2) 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 249.0 136.3 127.5 106.4 83.6 88.4 79.7 88.4 88.9 59.6 204.2 179.6 169.4 147.0 140.6 152.6 209.8 305.8 307.4 233.8 118.1 77.1 66.3 207.4 19.8 25.4
Operating Income
Operating Income 38.8 72.6 8.7 (64.1) (47.0) (47.9) (44.6) (76.6) (108.2) 67.3 (344.7) (179.6) (169.4) (147.0) (140.5) (152.5) (209.8) (305.8) (307.4) (233.7) (118.1) (77.1) (66.3) (207.4) (49.8) (25.2)
Interest Expense 13.8 38.0 25.2 24.8 16.6 9.5 10.9 9.4 13.3 18.5 24.1 20.4 21.5 21.6 21.8 17.4 10.4 2.3 3.4 0 0 0 0 0 0 0
Interest Income 0 12.6 6.2 2.5 0.1 0.2 1.0 0.5 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5.1 17.8 0 3.7 0.9 0 0 0 0
Profitability
EBITDA 27.5 77.5 15.1 (56.3) (61.1) (44.7) (38.8) (75.6) (102.2) 146.5 (344.7) (160.2) (156.0) (133.7) (123.7) (135.9) (190.9) (288.4) (280.8) (225.2) (106.9) (68.8) (58.6) (51.4) 0.3 (25.4)
EBIT 15.2 68.5 10.6 (62.6) (64.3) (48.0) (41.0) (77.3) (104.0) 144.1 (345.1) (178.8) (170.0) (148.1) (139.0) (153.2) (209.7) (300.7) (289.8) (233.7) (114.3) (76.0) (66.3) 0 (19.4) (25.2)
Income Before Tax 1.4 30.5 (10.4) (87.4) (80.9) (57.5) (51.9) (86.7) (117.3) 125.7 (368.4) (198.4) (191.5) (169.8) (160.8) (170.6) (220.1) (303.0) (293.2) (230.5) (114.3) (76.0) (65.9) (206.3) (48.2) (24.7)
Income Tax Expense (4.5) 2.9 1.6 0 0 (0.2) 0 0.2 0.1 0 0 0 0 (0.4) 0 0.7 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Net Income 5.9 27.6 (11.9) (87.4) (80.9) (57.2) (51.9) (87.0) (117.3) 125.7 (368.4) (198.4) (191.5) (169.4) (160.8) (170.6) (220.1) (303.0) (293.2) (230.5) (114.3) (76.0) (65.9) (206.3) (48.2) (24.7)
Per Share Data
EPS (Basic) 0.02 0.10 -0.04 -0.44 -0.37 -0.26 -0.31 -0.60 -1.13 1.37 -4.54 -2.57 -3.20 -4.68 -6.60 -7.50 -10.33 -14.92 -18.32 -22.62 -14.34 -15.07 -17.82 -76.55 -22.90 -19.64
EPS (Diluted) 0.02 0.10 -0.04 -0.44 -0.37 -0.26 -0.31 -0.60 -1.13 1.36 -4.54 -2.57 -3.20 -4.68 -6.60 -7.50 -10.33 -14.92 -18.32 -22.62 -14.34 -15.07 -17.82 -76.55 -22.90 -19.64
Shares Outstanding 305.6 274.4 267.0 257.1 249.2 222.6 195.6 144.1 103.8 92.1 81.2 77.0 59.9 36.2 24.4 22.7 21.3 20.3 16.0 10.2 8.0 5.0 3.7 2.7 2.1 1.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2000
Current Assets
Cash & Cash Equivalents 74.9 46.3 238.5 69.8 124.2 67.0 29.9 71.2 43.9 22.9 30.0 27.6 79.0 54.1 19.9 0
Short-Term Investments 96.5 150.9 56.6 101.1 79.9 0 20.0 0 0 0 2.5 18.8 11.5 1.8 11.1 0
Net Receivables 38.4 11.8 14.9 16.8 4.7 4.2 3.5 4.0 2.8 30.9 1.5 1.5 1.5 0 0 0
Inventory 35.3 27.9 28.5 21.8 7.2 5.0 4.2 3.6 2.7 2.3 0 0 0 0 0 0
Other Current Assets 46.6 31.4 34.8 25.5 0 0.2 0.3 0.5 5.2 17.0 0 0 0.6 0 0 0
Total Current Assets 291.6 268.3 373.4 234.9 219.5 79.5 60.8 81.9 57.2 77.5 37.7 54.0 95.9 57.8 32.0 0
Non-Current Assets
Property, Plant & Equipment 82.4 85.4 84.2 45.1 36.6 25.9 26.8 25.6 26.9 28.9 208.2 226.4 66.5 67.3 72.7 0
Goodwill 67.6 1.9 1.9 2.4 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 5.1 5.3 1.1 1.2 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 5.0 5.5 7.2 2.0 56.6 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 340.5 27.5 7.4 9.7 8.4 3.3 6.2 0.2 0.4 0.6 1.5 2.0 1.1 0.7 0.1 0
Total Non-Current Assets 500.6 125.5 101.8 60.4 101.7 29.1 33.0 25.9 27.4 29.6 209.7 228.5 67.6 68.1 72.8 0
Total Assets 792.2 393.8 475.2 295.3 321.2 108.6 93.7 107.7 84.6 107.1 247.4 282.5 163.5 125.9 104.8 42.6
Current Liabilities
Account Payables 9.0 6.8 9.6 11.1 7.0 5.6 4.8 5.4 7.0 3.3 6.5 15.6 3.5 1.9 4.2 0
Short-Term Debt 49.2 0 20 9.6 7.0 4.1 5.0 11.3 52.7 71.3 0 0 0 0 0 0
Deferred Revenue 15.3 12.4 9.1 1.7 0.8 33.3 32.5 50.9 3.0 3.4 0 0 0 1.4 0 0
Other Current Liabilities 97.4 30.4 31.0 16.4 9.5 13.5 10.1 46.8 13.0 6.4 0 0 7.2 1.4 1.9 0
Total Current Liabilities 171.0 81.8 104.1 67.3 48.3 73.7 65.6 75.2 87.6 92.1 28.9 53.5 13.0 8.7 7.8 0
Non-Current Liabilities
Long-Term Debt 320.4 36.1 248.7 273.5 281.2 118.2 113.9 91.2 104.1 77.2 277.8 142.3 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 (10.7) (0.5) 0 0 0 0 0 0 0
Other Non-Current Liabilities 208.1 292.0 294.8 162.0 175.4 94.3 93.9 105.7 107.6 121.4 0 0 0.1 5.6 6.2 0
Total Non-Current Liabilities 672.2 390.8 617.2 478.5 482.2 215.3 218.6 207.5 211.7 198.6 277.8 142.3 0.1 5.6 6.2 0
Total Liabilities 843.2 472.7 721.4 545.8 530.5 289.0 284.3 282.8 299.3 290.7 306.6 195.7 13.1 14.3 14 10.8
Stockholders' Equity
Common Stock 3.1 3.0 2.7 2.6 2.5 2.4 2.1 1.9 1.2 4.8 1.1 1.0 0.3 0.2 0.2 0
Retained Earnings (3,196.0) (3,201.8) (3,229.4) (3,217.5) (3,130.1) (3,049.1) (2,991.9) (2,940) (2,854.9) (2,737.6) (1,604.2) (1,384.1) (443.0) (367.0) (301.1) (46.6)
Accumulated Other Comprehensive Income 0.1 1.1 0 0 0 0 (0.0) (0.0) (0.0) (0.0) (0.3) 0.3 (19.4) (1.6) (1.3) 0
Total Stockholders' Equity (51.0) (78.8) (246.2) (250.5) (209.3) (180.4) (190.5) (175.1) (214.7) (183.6) (59.2) 86.7 150.4 111.6 90.8 31.9
Total Liabilities & Equity 792.2 393.8 475.2 295.3 321.2 108.6 93.7 107.7 84.6 107.1 247.4 282.5 163.5 125.9 104.8 42.6
Debt Metrics
Total Debt 473.4 47.7 272.6 288.4 289.2 123.4 121.4 102.5 156.8 148.5 277.8 142.3 0 0 0 0
Net Debt 398.5 1.4 34.1 218.6 165.0 56.4 91.5 31.3 112.9 125.6 247.7 114.6 (79.0) (54.1) (19.9) 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002
Operating Activities
Net Income 5.9 27.6 (11.9) (87.4) (80.9) (57.2) (51.9) (87.0) (117.3) 125.7 (114.3) (76.0) (65.9) (206.3)
Depreciation & Amortization 12.3 9.0 5.8 6.3 5.5 3.3 2.2 1.7 3.5 4.2 7.4 7.2 7.7 5.1
Stock-Based Compensation 24.2 21.4 17.6 0 12.2 6.5 6.2 6.9 4.8 5.1 0 4.5 0 0
Change in Working Capital (86.3) (36.5) 14.6 (24.1) (17.7) (9.8) (12.4) 36.7 27.6 (139.3) 7.6 1.6 (1.9) 0.9
Other Non-Cash Items 67.2 21.0 8.0 24.5 6.6 18.4 (28.0) 5.7 3.7 5.8 (1.9) 7.3 7.3 151.6
Operating Cash Flow 18.3 42.5 34.1 (80.7) (61.7) (28.1) (88.5) (37.7) (64.8) (78.1) (101.2) (59.9) (52.8) (48.7)
Investing Activities
Capital Expenditure (4.6) (9.7) (42.4) (7.6) (11.5) (4.8) (2.6) (0.4) 0 (1.1) (17.2) (6.9) (5.2) (34.1)
Acquisitions (347.7) 0 0 (15.3) (56.1) (4.0) 0 0.1 0.0 0.0 0.1 (0.1) 0 0
Purchases of Investments (157.8) (273.8) (79.1) (5) (199.1) (16.0) (45.0) 0 0 0 (258.1) (16.4) (50.1) (71.1)
Sales/Maturities of Investments 221.7 58.1 119.2 0 59.1 20 25.0 0 0 0 180.2 13.6 59.3 59.9
Other Investing Activities (16.4) 128.7 0.4 32.8 56.1 20 (0.3) 0.1 16.7 0.0 0.6 0.1 0.1 0
Investing Cash Flow (304.8) (96.6) (2.0) 4.9 (151.5) 15.2 (22.8) (0.2) 16.7 (1.1) (94.4) (9.6) 4.1 (45.3)
Financing Activities
Net Debt Issuance 0 (133.2) (6.9) (1.1) 281.1 14.9 63.7 (5) 15.4 (5) 0 0 1.4 (0.0)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 (1.0) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 318.4 2.0 136.6 (0.1) (12.7) 11.3 3.0 (4.2) (0.1) (2.9) 0 16.7 31.8 1.3
Financing Cash Flow 315.1 (137.3) 136.6 21.4 270.3 49.9 69.9 61.3 73.6 43.0 172.7 101.5 82.8 60.2
Cash Position
Net Change in Cash 28.6 (191.4) 168.7 (54.4) 57.0 36.9 (41.5) 23.3 25.5 (36.2) (22.9) 32.0 34.2 (33.8)
Cash at Beginning 47.1 238.5 69.8 124.2 67.2 30.2 71.7 48.4 22.9 59.1 79.0 47.0 19.9 53.7
Cash at End 75.6 47.1 238.5 69.8 124.2 67.2 30.2 71.7 48.4 22.9 56.0 79.0 54.1 19.9
Free Cash Flow 13.7 32.8 (8.3) (88.3) (73.2) (32.9) (91.0) (38.1) (64.8) (79.2) (118.4) (66.8) (58.0) (82.8)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Income Statement
Revenue 349.0 285.5 199.0 99.8 75.4 65.1 63.0 27.9 11.7 174.8 0 0 0 0.0 0.1 0.1 0 0.0 0.0 0.1 0 0 0 0 0.3 0.2
Gross Profit 287.8 208.9 136.2 42.3 36.6 40.5 35.1 7.4 (5.5) 124.7 (140.4) 0 0 0.0 0.1 0.1 0 0.0 0.0 0.1 0 0 0 0 0.3 0.2
Operating Income 38.8 72.6 8.7 (64.1) (47.0) (47.9) (44.6) (76.6) (108.2) 67.3 (344.7) (179.6) (169.4) (147.0) (140.5) (152.5) (209.8) (305.8) (307.4) (233.7) (118.1) (77.1) (66.3) (207.4) (49.8) (25.2)
Net Income 5.9 27.6 (11.9) (87.4) (80.9) (57.2) (51.9) (87.0) (117.3) 125.7 (368.4) (198.4) (191.5) (169.4) (160.8) (170.6) (220.1) (303.0) (293.2) (230.5) (114.3) (76.0) (65.9) (206.3) (48.2) (24.7)
EPS (Diluted) 0.02 0.10 -0.04 -0.44 -0.37 -0.26 -0.31 -0.60 -1.13 1.36 -4.54 -2.57 -3.20 -4.68 -6.60 -7.50 -10.33 -14.92 -18.32 -22.62 -14.34 -15.07 -17.82 -76.55 -22.90 -19.64
Balance Sheet
Cash & Equivalents 74.9 46.3 238.5 69.8 124.2 67.0 29.9 71.2 43.9 22.9 30.0 27.6 79.0 54.1 19.9 0
Total Assets 792.2 393.8 475.2 295.3 321.2 108.6 93.7 107.7 84.6 107.1 247.4 282.5 163.5 125.9 104.8 42.6
Total Debt 473.4 47.7 272.6 288.4 289.2 123.4 121.4 102.5 156.8 148.5 277.8 142.3 0 0 0 0
Stockholders' Equity (51.0) (78.8) (246.2) (250.5) (209.3) (180.4) (190.5) (175.1) (214.7) (183.6) (59.2) 86.7 150.4 111.6 90.8 31.9
Cash Flow
Operating Cash Flow 18.3 42.5 34.1 (80.7) (61.7) (28.1) (88.5) (37.7) (64.8) (78.1) (101.2) (59.9) (52.8) (48.7)
Capital Expenditure (4.6) (9.7) (42.4) (7.6) (11.5) (4.8) (2.6) (0.4) 0 (1.1) (17.2) (6.9) (5.2) (34.1)
Free Cash Flow 13.7 32.8 (8.3) (88.3) (73.2) (32.9) (91.0) (38.1) (64.8) (79.2) (118.4) (66.8) (58.0) (82.8)