MNKD - MANNKIND CORP

📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Revenue Growth YoY (%)	22.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+178%)	43.5% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+444%)	99.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1143%)	32.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+303%)	15.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+98%)	3.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-58%)	126.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1478%)	137.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1615%)	-93.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1266%)	—	—	N/M	8945.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+111721%)	-30.0% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-475%)	-46.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-678%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	-80.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	88.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-6.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	46.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-78.7% Weak ↓ Weak Declining Year-over-year change in net income	N/M	86.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-8.0% Weak ↓ Weak Declining Year-over-year change in net income	-41.4% Weak ↓ Weak Declining Year-over-year change in net income	-10.3% Weak ↓ Weak Declining Year-over-year change in net income	40.3% Excellent Excellent Year-over-year change in net income	25.9% Excellent Excellent Year-over-year change in net income	N/M	N/M	-85.7% Weak ↑ Weak Improving Year-over-year change in net income	91.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-1255.9% Weak ↓ Weak Declining Year-over-year change in net income	-5.3% Weak ↓ Weak Declining Year-over-year change in net income	5.7% Fair ↓ Fair Declining Year-over-year change in net income	22.5% Good ↑ Good Improving Year-over-year change in net income	27.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-3.4% Weak ↑ Weak Improving Year-over-year change in net income	-27.2% Weak ↑ Weak Improving Year-over-year change in net income	-101.6% Weak ↓ Weak Declining Year-over-year change in net income	-50.5% Weak ↑ Weak Improving Year-over-year change in net income	-15.4% Weak ↑ Weak Improving Year-over-year change in net income	68.1% Excellent ↑ Excellent Improving Year-over-year change in net income	-327.5% Weak ↓ Weak Declining Year-over-year change in net income	-95.6% Weak ↑ Weak Improving Year-over-year change in net income	-334.2% Weak ↓ Weak Declining Year-over-year change in net income	-70.5% Weak ↓ Weak Declining Year-over-year change in net income	-46.1% Weak ↓ Weak Declining Year-over-year change in net income	11.3% Fair ↑ Fair Improving Year-over-year change in net income	8.7% Fair ↑ Fair Improving Year-over-year change in net income	-40.5% Weak ↓ Weak Declining Year-over-year change in net income	-73.4% Weak ↓ Weak Declining Year-over-year change in net income	1.6% Caution Caution Year-over-year change in net income	-29.0% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%)	-62.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	90.9% Excellent Excellent Year-over-year change in free cash flow	-16.9% Weak Weak Year-over-year change in free cash flow	—	—	—	57.5% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 3Y (%)	51.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	55.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	45.1% Excellent → Excellent Stable Compound annual revenue growth over 3 years	16.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	39.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	77.0% Excellent Excellent Compound annual revenue growth over 3 years	-28.8% Weak Weak Compound annual revenue growth over 3 years	—	—	280.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	224.1% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	39.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	35.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	48.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	53.4% Excellent Excellent Compound annual revenue growth over 5 years	-15.5% Weak Weak Compound annual revenue growth over 5 years	—	—	54.5% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	220.0% Excellent Excellent Compound annual revenue growth over 5 years	411.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Operating Margin (%) (%)	11.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	25.4% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+69%)	4.4% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	-64.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-528%)	-62.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-516%)	-73.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-590%)	-70.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-572%)	-274.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1933%)	—	38.5% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+157%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	-316.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	9.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-15.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.4% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	1.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	9.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	-6.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-150%)	-87.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-830%)	-107.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-994%)	-87.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-832%)	-82.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-786%)	-312.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2702%)	—	71.9% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+499%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	3.9% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-4.2% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-88.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-97.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-44.4% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-144.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-136.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	2.33x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.70x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.51x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.44x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.55x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—	—	0.90x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.71x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.81x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.92x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Return on Invested Capital (%)	53.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-153.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	44.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-279.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-65.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	82.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	62.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	43.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	50.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	-28.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	98.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	243.5% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	5737.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	104.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	35.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	64.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	279.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Return on Capital (%) (%)	4.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	18.4% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-21.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-14.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-44.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-47.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	-71.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-127.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	62.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	-272.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-45.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-862.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-58.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-70.4% Weak Weak Operating profit relative to total assets Optimal: > 10%	-55.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Return on Common Equity (%) (%)	-11.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-177%)	-35.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-333%)	4.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-68%)	34.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+133%)	38.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+158%)	31.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+112%)	27.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+82%)	49.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+231%)	54.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+264%)	-68.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-556%)	105.2% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+601%)	268.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1693%)	—	153.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+920%)	51.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+242%)	91.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+513%)	—	—	-80.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-637%)	-60.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-501%)	-55.2% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-468%)	-50.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-437%)	-59.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-494%)	-227.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1615%)	-20.5% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-237%)	-77.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-616%)	—	-97.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-752%)	30.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+106%)	46.9% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+213%)	90.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+504%)	283.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1790%)	127.3% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+749%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Debt to Equity (x)	-6.95x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1258%)	-0.46x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-176%)	-1.09x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-282%)	-1.09x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-282%)	-1.34x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-324%)	-0.68x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-213%)	-0.62x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-204%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	2.64x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	4.15x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.57x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.71x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-34.27x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-11.10x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-7.07x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	-14.97x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-11.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.32x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	-16.23x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-8.81x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-103.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-6.80x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-6.45x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-21.39x Weak Weak Operating income divided by interest expense Optimal: > 5x	-44.00x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Debt (USD)	$279.76M	$-10.29M	$30.22M	$203.72M	$157.02M	$55.23M	$88.99M	$-71.16M	$-43.95M	$-22.89M	$-59.07M	$-120.84M	$-70.79M	$-61.84M	$-2.68M	$-66.06M	$-30.02M	$-27.65M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt / EBITDA (x)	7.56x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.45x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	20.39x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-4.50x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-6.25x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.65x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.77x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Revenue per Share (USD)	$1.14	$1.04	$0.75	$0.39	$0.30	—	—	$0.19	$0.11	$1.90	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.02	$0.10	$-0.04	$-0.34	$-0.32	—	—	$-0.60	$-1.13	$1.37	$-4.54	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$0.04	$0.12	$-0.03	$-0.34	$-0.29	—	—	$-0.26	$-0.62	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$-0.17	$-0.26	$-0.91	$-0.95	$-0.83	$-0.75	$-0.90	$-0.94	$-1.80	$-1.92	$-4.09	$-0.91	$-0.42	$-1.93	$-11.92	$-7.26	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Tangible Book Value per Share (USD)	$-0.40	$-0.28	$-0.92	$-0.96	$-0.83	$-0.75	$-0.90	$-0.94	$-1.80	$-1.92	$-4.09	$-0.91	$-0.42	$-1.93	$-11.92	$-7.26	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Basic Weighted Avg Shares (shares)	305.64M	274.42M	267.01M	257.09M	249.24M	—	—	144.14M	104.25M	92.05M	81.23M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Working Capital (USD)	$120.55M	$186.47M	$269.27M	$167.60M	$171.14M	$5.77M	$-4.86M	$6.61M	$-30.38M	$-14.56M	$-191.66M	$-202.20M	$-51.52M	$-77.97M	$-19.54M	$55.82M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
LT Debt (USD)	$354.64M	$36.05M	$268.70M	$273.49M	$281.20M	$122.23M	$118.90M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$-51.02M	$-78.82M	$-246.17M	$-250.54M	$-209.35M	$-180.42M	$-190.53M	$-175.08M	$-214.73M	$-183.59M	$-350.33M	$-73.77M	$-30.71M	$-110.68M	$-313.65M	$-185.53M	$-59.22M	$86.73M	$364.10M	$383.49M	$206.98M	$150.36M	$111.58M	$90.77M	$235.02M	$31.89M	$-746.00K	$3.40M	$-7.37M	$-5.48M	$-3.11M	$-707.00K	$-908.00K	$-278.00K	$-11.00K

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗	FY 2005 Dec 31, 2005 10-K ↗	FY 2004 Dec 31, 2004 10-K ↗	FY 2003 Dec 31, 2003 10-K ↗	FY 2002 Dec 31, 2002 10-K ↗	FY 2001 Dec 31, 2001 10-K ↗	FY 2000 Dec 31, 2000 10-K ↗	FY 1999 Dec 31, 1999 10-K ↗	FY 1998 Dec 31, 1998 10-K ↗	FY 1997 Dec 31, 1997 10-K ↗	FY 1996 Dec 31, 1996 10-K ↗	FY 1995 Dec 31, 1995 10-K ↗	FY 1994 Dec 31, 1994 10-K ↗	FY 1993 Feb 28, 1994 10-K ↗	FY 1992 Feb 28, 1993 10-K ↗	FY 1991 Feb 29, 1992 10-K ↗
Sales/Revenue/Turnover (USD)	$348.97M	$285.50M	$198.96M	$99.77M	$75.44M	$65.14M	$63.04M	$27.86M	$11.74M	$174.76M	—	$0.00	$3.17M	$35.00K	$50.00K	$93.00K	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$8.10M	$7.30M	$4.50M	$3.30M	$2.00M	$1.80M	$1.60M	$1.70M	$1.80M	$2.40M	$11.00M	$9.80M	$133.30M	$13.00M	$14.60M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$5.86M	$27.59M	$-11.94M	$-87.40M	$-80.93M	$-57.24M	$-51.90M	$-86.97M	$-117.33M	$125.66M	$-368.44M	$-198.38M	$-2.30B	$-169.37M	$-160.80M	$-170.56M	$-220.10M	$-303.04M	$-293.19M	$-230.55M	$-114.34M	$-75.99M	$-65.88M	$-206.26M	$-48.24M	$-24.66M	$-5.68M	$-3.33M	$-2.28M	$-2.57M	$-2.81M	$-2.00M	$-1.16M	$-1.18M	$-911.00K
Operating Cash Flow (USD)	$18.25M	$42.51M	$34.09M	$-80.68M	$-61.71M	$-28.13M	$-88.48M	$-37.73M	$-64.78M	—	—	—	$-1.72B	$-119.86M	$-123.84M	$-148.65M	$-184.08M	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

MANNKIND CORP

Analytical Summary

35-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

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