Insmed annual operating expenses
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Insmed Operating Expenses Growth & History (INSM)
Insmed's operating expenses was $1.85B for fiscal 2025.
View full Insmed company overviewInsmed annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.85B | $611.2M | +49.22% |
| 2024 | 2024-12-31 | $1.24B | $227.1M | +22.38% |
| 2023 | 2023-12-31 | $1.01B | $312.2M | +44.42% |
| 2022 | 2022-12-31 | $702.7M | $139.1M | +24.69% |
| 2021 | 2021-12-31 | $563.6M | $133.9M | +31.17% |
| 2020 | 2020-12-31 | $429.6M | $57.9M | +15.59% |
| 2019 | 2019-12-31 | $371.7M | $54.5M | +17.20% |
| 2018 | 2018-12-31 | $317.2M | $128.3M | +67.89% |
| 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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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $427.0M | $6.7M | +1.60% |
| Q1 2026 | 2026-03-31 | $459.3M | $118.3M | +34.70% |
| Q4 2025 | 2025-12-31 | $583.6M | $248.7M | +74.28% |
| Q3 2025 | 2025-09-30 | $508.3M | $201.5M | +65.66% |
| Q2 2025 | 2025-06-30 | $420.3M | $41.0M | +10.82% |
| Q1 2025 | 2025-03-31 | $341.0M | $120.0M | +54.28% |
| Q4 2024 | 2024-12-31 | $334.9M | $72.9M | +27.82% |
| Q3 2024 | 2024-09-30 | $306.9M | $80.1M | +35.33% |
| Q2 2024 | 2024-06-30 | $379.2M | $66.5M | +21.26% |
| Q1 2024 | 2024-03-31 | $221.0M | $7.6M | +3.58% |
| Q4 2023 | 2023-12-31 | $262.0M | $51.2M | +24.29% |
| Q3 2023 | 2023-09-30 | $226.7M | $31.3M | +16.02% |
| Q2 2023 | 2023-06-30 | $312.8M | $159.2M | +103.70% |
| Q1 2023 | 2023-03-31 | $213.4M | $70.4M | +49.27% |
| Q4 2022 | 2022-12-31 | $210.8M | $55.6M | +35.81% |
| Q3 2022 | 2022-09-30 | $195.4M | $45.1M | +29.96% |
| Q2 2022 | 2022-06-30 | $153.5M | $19.6M | +14.64% |
| Q1 2022 | 2022-03-31 | $142.9M | $18.9M | +15.23% |
| Q4 2021 | 2021-12-31 | $155.2M | $19.2M | +14.16% |
| Q3 2021 | 2021-09-30 | $150.4M | $50.5M | +50.58% |
| Q2 2021 | 2021-06-30 | $133.9M | $37.3M | +38.63% |
| Q1 2021 | 2021-03-31 | $124.0M | $26.8M | +27.60% |
| Q4 2020 | 2020-12-31 | $136.0M | $51.9M | +61.69% |
| Q3 2020 | 2020-09-30 | $99.9M | $4.5M | +4.71% |
| Q2 2020 | 2020-06-30 | $96.6M | $4.5M | +4.85% |
| Q1 2020 | 2020-03-31 | $97.2M | $5.8M | +6.35% |
| Q4 2019 | 2019-12-31 | $84.1M | −$11.1M | −11.62% |
| Q3 2019 | 2019-09-30 | $95.4M | $11.4M | +13.56% |
| Q2 2019 | 2019-06-30 | $92.1M | $19.3M | +26.42% |
| Q1 2019 | 2019-03-31 | $91.4M | $28.7M | +45.67% |
| 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 $429.6M to $1.85B, a change of $1.42B. The latest reported quarter, Q2 2026, shows $427.0M.
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 ↗