MANNKIND CORP
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Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $349.0M | $285.5M | $199.0M | $99.8M | $75.4M | $65.1M |
| Operating income | $38.8M | $72.6M | $8.7M | −$64.1M | −$47.0M | −$47.9M |
| Net income | $5.9M | $27.6M | −$11.9M | −$87.4M | −$80.9M | −$57.2M |
| Total assets | $792.2M | $393.8M | $475.2M | $295.3M | $321.2M | $108.6M |
| Total liabilities | $843.2M | $472.7M | $721.4M | $545.8M | $530.5M | $289.0M |
| Equity | −$51.0M | −$78.8M | −$246.2M | −$250.5M | −$209.3M | −$180.4M |
| EPS (diluted) | $0.02 | $0.10 | $-0.04 | $-0.34 | $-0.32 | $-0.26 |
| Shares out. | 303.6M | 270.4M | 263.9M | 251.8M | 247.2M | 212.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 11.1%
- Net margin
- 1.7%
- Return on equity
- −11.5%
- Return on assets
- 0.7%
- Return on capital (ROCE)
- 6.2%
- Liabilities / assets
- 106.4%
- Debt / equity
- —
- Book value / share
- $-0.17
- Revenue growth (YoY)
- 22.2%
- Net income growth (YoY)
- −78.7%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -11.89distress
- Accruals / assets
- −1.6%clean
- Beneish M-Score
- 0.82elevated
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Beneish M-Score elevated — earnings-manipulation screen flag
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 1, 2016
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- State Street CorpPassive (13G)May 12, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Material events
SEC Form 8-K · most recent- Other material eventMay 28, 2026
- Shareholder voteMay 22, 2026
- Results of operationsMay 6, 2026
- Results of operationsFeb 26, 2026
- Other material eventNov 10, 2025
- Results of operationsNov 5, 2025
- Entered a material agreement · Completed an acquisition or disposition · New financial obligationOct 9, 2025
- Entered a material agreementAug 27, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.