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INSMED Inc (INSM) stock

INSMNasdaqPharmaceutical PreparationsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 8/30100% above fair value
$121.16+3.09 (+2.62%)

Close on Nov 13, 2026Market cap $26.58BP/E –Yield –

INSMED Inc grew revenue 240.0% to $1.52B over the twelve months to Sep 30, 2026. Free cash flow was -$627.58M. At the latest close the market valued the company at $26.58B.

Revenue
$1.52B
+240.0% vs. a year earlier
Operating income
-$563.99M
TTM Q3 2026
Free cash flow
-$627.58M
TTM Q3 2026
EPS, diluted
-$2.82
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$26.58B
P/E ratio
–
Price to sales
17.49
Price to book
36.60
Dividend yield
–
Free cash flow yield
-2.36%

Fundamentals

Revenue
$1.52B
Net income
-$605.61M
EPS, diluted
-$2.82
Free cash flow
-$627.58M
Book value per share
$3.32
Diluted shares
219M

Trading

Next earnings
Feb 18, 2027 (estimated, before the open)
Previous close
$118.07
Open
$118.18
Day's range
$116.97 – $121.54
Volume
1,543,624
Average volume (20 days)
3,772,429
Index membership
Russell 1000 (since Jun 2025), Russell 3000
Beta (5 years)
0.75
52-week range
$90.39 – $212.75
RSI (14 days)
65.0
Volatility (1 year)
63.0%
Relative volume
0.54×
WACC
8.9%

Index membership is inferred from the holdings of funds that track each index (IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodINSMS&P 500DifferenceINSM per yearS&P 500 per year
1 month+25.2%-3.0%+28.2 pts
3 months-4.1%-2.8%−1.3 pts
Year to date-30.4%+11.5%−41.9 pts
1 year-36.6%+13.5%−50.0 pts
3 years+406.9%+77.7%+329.2 pts+71.8%+21.1%
5 years+280.3%+72.6%+207.7 pts+30.6%+11.5%
10 years+738.5%+308.2%+430.3 pts+23.7%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$1.52B+240.0% YoY

Gross profit

$1.28B+274.9% YoY

Operating income

-$563.99M

Net income

-$605.61M

EPS, diluted

-$2.82

Free cash flow

-$627.58M
Reported periodTrailing twelve months

Press releases

Releases Insmed filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Insmed

Pharmaceutical Preparations

This biopharmaceutical company focuses on discovering, developing, and commercializing novel therapies for serious respiratory, immunological, inflammatory, and rare diseases. Its commercial portfolio features two approved products: ARIKAYCE, an inhaled liposomal antibacterial treatment for refractory Mycobacterium avium complex lung infections, and BRINSUPRI, an oral daily tablet indicated for non-cystic fibrosis bronchiectasis. The company also advances a clinical pipeline that includes TPIP, an inhaled dry-powder prodrug formulation targeting pulmonary arterial hypertension and related interstitial lung disorders, alongside gene therapy candidates for rare conditions such as Duchenne muscular dystrophy and amyotrophic lateral sclerosis. Its primary end customers are adult and adolescent patients experiencing severe, chronic, and debilitating diseases with limited existing treatment alternatives.

Company profile, executives and history

Insmed stock: common questions

What is Insmed's stock price?

INSM closed at $121.16 on Nov 13, 2026, up 2.62% on the day. Over the past 52 weeks it traded between $90.39 and $212.75.

What is Insmed's market cap?

Insmed was worth $26.58B at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is INSM's P/E ratio?

Insmed lost money over the twelve months to Sep 30, 2026 (diluted EPS -$2.82), so it has no meaningful P/E ratio.

How much revenue does Insmed make?

Insmed reported revenue of $1.52B for the twelve months to Sep 30, 2026, up 240.0% from a year earlier.

Does Insmed pay a dividend?

No. Insmed has not paid a cash dividend over the last twelve months.

When does Insmed report earnings next?

Insmed is expected to report Q4 FY2026 results on Feb 18, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has INSM stock performed over the past year?

Including dividends, INSM returned -36.6% over the past year, against +13.5% for the S&P 500.

How many INSM shares are sold short?

14M shares were sold short at the latest FINRA report, 6.48% of the float, or 3.6 days of average trading volume.

Who are Insmed's competitors?

Companies most similar to Insmed by business, industry and size include PTCT, IONS, BBIO, KNSA, SRPT.

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