Insmed annual operating expenses
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Insmed Operating Expenses Growth & History (INSM)
Insmed's operating expenses was $1.73B for fiscal 2025.
View full Insmed company overviewInsmed annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.73B | $574.0M | +49.65% |
| 2024 | 2024-12-31 | $1.16B | $207.0M | +21.80% |
| 2023 | 2023-12-31 | $949.3M | $301.7M | +46.59% |
| 2022 | 2022-12-31 | $647.6M | $128.2M | +24.67% |
| 2021 | 2021-12-31 | $519.4M | $129.6M | +33.26% |
| 2020 | 2020-12-31 | $389.8M | $42.3M | +12.16% |
| 2019 | 2019-12-31 | $347.5M | $32.8M | +10.41% |
| 2018 | 2018-12-31 | $314.8M | $125.8M | +66.60% |
| 2017 | 2017-12-31 | $188.9M | $15.5M | +8.95% |
| 2016 | 2016-12-31 | $173.4M | $55.9M | +47.58% |
| 2015 | 2015-12-31 | $117.5M | $30.1M | +34.49% |
| 2014 | 2014-12-31 | $87.4M | $20.9M | +31.35% |
| 2013 | 2013-12-31 | $66.5M | $24.1M | +56.73% |
| 2012 | 2012-12-31 | $42.4M | −$23.7M | −35.83% |
| 2011 | 2011-12-31 | $66.1M | $51.1M | +340.52% |
| 2010 | 2010-12-31 | $15.0M | −$4.0M | −21.18% |
| 2009 | 2009-12-31 | $19.0M | — | — |
Insmed quarterly operating expenses
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $359.8M | −$32.4M | −8.26% |
| Q1 2026 | 2026-03-31 | $411.9M | $92.2M | +28.83% |
| Q4 2025 | 2025-12-31 | $539.4M | $230.7M | +74.72% |
| Q3 2025 | 2025-09-30 | $479.0M | $193.3M | +67.66% |
| Q2 2025 | 2025-06-30 | $392.2M | $33.9M | +9.47% |
| Q1 2025 | 2025-03-31 | $319.7M | $116.1M | +57.06% |
| Q4 2024 | 2024-12-31 | $308.7M | $65.2M | +26.77% |
| Q3 2024 | 2024-09-30 | $285.7M | $75.7M | +36.02% |
| Q2 2024 | 2024-06-30 | $358.3M | $62.1M | +20.97% |
| Q1 2024 | 2024-03-31 | $203.5M | $4.0M | +2.01% |
| Q4 2023 | 2023-12-31 | $243.5M | $45.8M | +23.17% |
| Q3 2023 | 2023-09-30 | $210.0M | $28.1M | +15.43% |
| Q2 2023 | 2023-06-30 | $296.2M | $159.0M | +115.95% |
| Q1 2023 | 2023-03-31 | $199.5M | $68.8M | +52.61% |
| Q4 2022 | 2022-12-31 | $197.7M | $55.8M | +39.31% |
| Q3 2022 | 2022-09-30 | $182.0M | $41.8M | +29.79% |
| Q2 2022 | 2022-06-30 | $137.1M | $14.0M | +11.41% |
| Q1 2022 | 2022-03-31 | $130.7M | $16.5M | +14.49% |
| Q4 2021 | 2021-12-31 | $141.9M | $16.8M | +13.45% |
| Q3 2021 | 2021-09-30 | $140.2M | $50.9M | +57.09% |
| Q2 2021 | 2021-06-30 | $123.1M | $36.4M | +42.05% |
| Q1 2021 | 2021-03-31 | $114.2M | $25.4M | +28.64% |
| Q4 2020 | 2020-12-31 | $125.1M | $41.0M | +48.77% |
| Q3 2020 | 2020-09-30 | $89.2M | $308,000 | +0.35% |
| Q2 2020 | 2020-06-30 | $86.7M | −$560,000 | −0.64% |
| Q1 2020 | 2020-03-31 | $88.8M | $1.5M | +1.74% |
| Q4 2019 | 2019-12-31 | $84.1M | −$11.1M | −11.62% |
| Q3 2019 | 2019-09-30 | $88.9M | $5.0M | +5.90% |
| Q2 2019 | 2019-06-30 | $87.2M | $14.3M | +19.67% |
| Q1 2019 | 2019-03-31 | $87.3M | $24.5M | +39.06% |
| Q4 2018 | 2018-12-31 | $95.1M | $29.8M | +45.57% |
| Q3 2018 | 2018-09-30 | $84.0M | $39.9M | +90.51% |
| Q2 2018 | 2018-06-30 | $72.9M | $29.4M | +67.49% |
| Q1 2018 | 2018-03-31 | $62.8M | $26.8M | +74.46% |
| Q4 2017 | 2017-12-31 | $65.4M | −$1.7M | −2.53% |
| Q3 2017 | 2017-09-30 | $44.1M | $6.9M | +18.67% |
| Q2 2017 | 2017-06-30 | $43.5M | $7.4M | +20.43% |
| Q1 2017 | 2017-03-31 | $36.0M | $2.9M | +8.78% |
| Q4 2016 | 2016-12-31 | $67.1M | $34.5M | +105.74% |
| Q3 2016 | 2016-09-30 | $37.1M | $6.9M | +22.83% |
| Q2 2016 | 2016-06-30 | $36.1M | $8.2M | +29.27% |
| Q1 2016 | 2016-03-31 | $33.1M | $6.4M | +23.82% |
| Q4 2015 | 2015-12-31 | $32.6M | $9.5M | +41.29% |
| Q3 2015 | 2015-09-30 | $30.2M | $6.8M | +29.23% |
| Q2 2015 | 2015-06-30 | $28.0M | $5.1M | +22.51% |
| Q1 2015 | 2015-03-31 | $26.7M | $8.6M | +47.72% |
| Q4 2014 | 2014-12-31 | $23.1M | $7.5M | +47.91% |
| Q3 2014 | 2014-09-30 | $23.4M | $6.6M | +38.96% |
| Q2 2014 | 2014-06-30 | $22.8M | $3.0M | +15.41% |
| Q1 2014 | 2014-03-31 | $18.1M | $3.8M | +26.35% |
| Q4 2013 | 2013-12-31 | $15.6M | −$243,000 | −1.53% |
| Q3 2013 | 2013-09-30 | $16.8M | $7.5M | +80.07% |
| Q2 2013 | 2013-06-30 | $19.8M | $9.8M | +98.03% |
| Q1 2013 | 2013-03-31 | $14.3M | $7.0M | +96.99% |
| Q4 2012 | 2012-12-31 | $15.8M | $5.6M | +54.16% |
| Q3 2012 | 2012-09-30 | $9.4M | −$26.0M | −73.58% |
| Q2 2012 | 2012-06-30 | $10.0M | −$1.5M | −12.82% |
| Q1 2012 | 2012-03-31 | $7.3M | −$1.8M | −19.43% |
| Q4 2011 | 2011-12-31 | $10.3M | — | — |
| Q3 2011 | 2011-09-30 | $35.4M | $33.0M | +1371.73% |
| Q2 2011 | 2011-06-30 | $11.5M | $8.7M | +312.35% |
| Q1 2011 | 2011-03-31 | $9.0M | — | — |
| Q3 2010 | 2010-09-30 | $2.4M | — | — |
| Q2 2010 | 2010-06-30 | $2.8M | — | — |
Insmed operating expenses trends
Over the last five fiscal years, Insmed's operating expenses increased from $389.8M to $1.73B, a change of $1.34B. The latest reported quarter, Q2 2026, shows $359.8M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Insmed source filings ↗Community posts
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