📊 MNKD Key Takeaways
Is Mannkind Corp. (MNKD) a Good Investment?
MannKind is operationally unprofitable with negative stockholders' equity (-$59.2M) and unsustainable cash burn (-$7.2M FCF). Despite 22% revenue growth, the company operates at -18.4% net margin and cannot cover debt service from operations (-0.2x interest coverage), indicating a path toward insolvency unless profitability is achieved imminently.
Revenue growth is strong and operating profitability has turned positive, producing modest free cash flow and adequate liquidity. However, net margins remain thin, equity is negative, and leverage is meaningful, leaving limited cushion if growth or margins soften. Sustained cash generation and margin expansion are needed to repair the balance sheet and improve durability.
Why Buy Mannkind Corp. Stock? MNKD Key Strengths
- Revenue growing 22.2% YoY shows commercial traction
- Adequate short-term liquidity with 1.87x current ratio
- Cash reserves of $52.8M provide near-term runway
- 22.2% YoY revenue growth indicating solid demand momentum
- Positive operating income with 11.1% margin and positive FCF
- Adequate liquidity (current ratio 1.7x; quick ratio 1.5x)
MNKD Stock Risks: Mannkind Corp. Investment Risks
- Negative stockholders' equity of -$59.2M indicates technical insolvency
- Operating cash flow negative at -$5.4M; company cannot fund operations from business
- High debt burden of $318.7M with no operational cash to service; interest coverage at -0.2x
- Net margin deteriorating at -18.4%; each dollar of revenue loses 18+ cents
- EPS worsening sharply at -80% YoY decline
- Cash burn rate suggests 4-5 years runway; requires near-term inflection to profitability
- Negative stockholders' equity and sizable long-term debt load
- Very thin net margin (1.7%) and sharply lower diluted EPS
- Interest coverage only moderate at 4.5x, sensitive to margin compression
Key Metrics to Watch
- Path to operating profitability and positive operating cash flow
- Quarterly cash burn rate relative to remaining cash runway
- Revenue growth sustainability and contribution margin expansion
- Debt refinancing or equity raise needs as cash depletes
- Net margin
- Operating cash flow
Mannkind Corp. (MNKD) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Mannkind Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
MNKD Profit Margin, ROE & Profitability Analysis
MNKD vs Healthcare Sector: How Mannkind Corp. Compares
How Mannkind Corp. compares to Healthcare sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Mannkind Corp. Stock Overvalued? MNKD Valuation Analysis 2026
Based on fundamental analysis, Mannkind Corp. has mixed fundamental signals relative to the Healthcare sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Mannkind Corp. Balance Sheet: MNKD Debt, Cash & Liquidity
MNKD Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Mannkind Corp.'s revenue has grown significantly by 363% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.04 indicates the company is currently unprofitable.
MNKD Revenue Growth, EPS Growth & YoY Performance
MNKD Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $78.4M | $13.2M | $0.04 |
| Q3 2025 | $70.1M | $668.0K | $0.03 |
| Q2 2025 | $72.4M | $668.0K | $0.00 |
| Q1 2025 | $66.3M | $10.6M | $0.04 |
| Q3 2024 | $51.3M | $1.7M | $0.01 |
| Q2 2024 | $48.6M | -$2.0M | $-0.01 |
| Q1 2024 | $40.6M | -$9.8M | $-0.04 |
| Q3 2023 | $32.8M | $1.7M | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Mannkind Corp. Dividends, Buybacks & Capital Allocation
MNKD SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Mannkind Corp. (CIK: 0000899460)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MNKD
What is the AI rating for MNKD?
Mannkind Corp. (MNKD) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (HOLD) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are MNKD's key strengths?
Claude: Revenue growing 22.2% YoY shows commercial traction. Adequate short-term liquidity with 1.87x current ratio. ChatGPT: 22.2% YoY revenue growth indicating solid demand momentum. Positive operating income with 11.1% margin and positive FCF.
What are the risks of investing in MNKD?
Claude: Negative stockholders' equity of -$59.2M indicates technical insolvency. Operating cash flow negative at -$5.4M; company cannot fund operations from business. ChatGPT: Negative stockholders' equity and sizable long-term debt load. Very thin net margin (1.7%) and sharply lower diluted EPS.
What is MNKD's revenue and growth?
Mannkind Corp. reported revenue of $90.2M.
Does MNKD pay dividends?
Mannkind Corp. does not currently pay dividends.
Where can I find MNKD SEC filings?
Official SEC filings for Mannkind Corp. (CIK: 0000899460) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MNKD's EPS?
Mannkind Corp. has a diluted EPS of $-0.05.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MNKD a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Mannkind Corp. has a SELL rating with 74% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MNKD stock overvalued or undervalued?
Valuation metrics for MNKD: ROE of N/A (sector avg: 15%), net margin of -18.4% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy MNKD stock in 2026?
Our dual AI analysis gives Mannkind Corp. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MNKD's free cash flow?
Mannkind Corp.'s operating cash flow is $-5.4M, with capital expenditures of $1.9M. FCF margin is -8.0%.
How does MNKD compare to other Healthcare stocks?
Vs Healthcare sector averages: Net margin -18.4% (avg: 12%), ROE N/A (avg: 15%), current ratio 1.87 (avg: 2).