The Tip Desk

INSMED Inc

Company Stats

Market Cap
$24.9B
as of Sep 30, 2026
Shares Outstanding
218.4M
Free Float
93.7%

Income Statement

Revenue
$606.4M
Operating Income
-$1.2B
Net Income
-$1.3B
EBITDA
-$1.2B
Revenue Growth, 3Y
35.2%
FCF Margin, 3Y Avg
-177.9%
FCF Margin, Worst Year
-194.1%

Cash Flow

Free Cash Flow
-$967.6M
FCF Yield
-3.9%
Owner FCF Yield
-4.5%

Balance Sheet

Cash & Equivalents
$510.4M

Returns & Capital

SBC, 3Y Avg
$108.1M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$606.4M-$967.6M-159.6%
FY2024$363.7M-$705.8M-194.1%
FY2023$305.2M-$549.5M-180.1%
FY2022$245.4M-$410.3M-167.2%
FY2021$188.5M-$370.6M-196.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 27, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage