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Side-by-side financial comparison of MANNKIND CORP (MNKD) and RMR GROUP INC. (RMR). Click either name above to swap in a different company.

MANNKIND CORP is the larger business by last-quarter revenue ($112.0M vs $66.7M, roughly 1.7× RMR GROUP INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs -14.2%, a 32.5% gap on every dollar of revenue. On growth, MANNKIND CORP posted the faster year-over-year revenue change (45.8% vs 40.8%).

MannKind Corporation is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and pulmonary arterial hypertension. Based in Danbury, Connecticut, the company was founded in February 1991.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

MNKD vs RMR — Head-to-Head

Bigger by revenue
MNKD
MNKD
1.7× larger
MNKD
$112.0M
$66.7M
RMR
Growing faster (revenue YoY)
MNKD
MNKD
+5.1% gap
MNKD
45.8%
40.8%
RMR
Higher net margin
RMR
RMR
32.5% more per $
RMR
18.3%
-14.2%
MNKD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MNKD
MNKD
RMR
RMR
Revenue
$112.0M
$66.7M
Net Profit
$-15.9M
$12.2M
Gross Margin
87.6%
Operating Margin
-6.9%
48.1%
Net Margin
-14.2%
18.3%
Revenue YoY
45.8%
40.8%
Net Profit YoY
-314.9%
91.1%
EPS (diluted)
$-0.05
$0.71

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MNKD
MNKD
RMR
RMR
Q4 25
$112.0M
$66.7M
Q3 25
$82.1M
Q2 25
$76.5M
Q1 25
$78.4M
Q4 24
$76.8M
Q3 24
$70.1M
Q2 24
$72.4M
Q1 24
$66.3M
Net Profit
MNKD
MNKD
RMR
RMR
Q4 25
$-15.9M
$12.2M
Q3 25
$8.0M
Q2 25
$668.0K
Q1 25
$13.2M
Q4 24
$7.4M
Q3 24
$11.6M
Q2 24
$-2.0M
Q1 24
$10.6M
Gross Margin
MNKD
MNKD
RMR
RMR
Q4 25
87.6%
Q3 25
94.5%
Q2 25
94.0%
Q1 25
95.2%
Q4 24
93.7%
Q3 24
95.4%
Q2 24
92.3%
Q1 24
94.2%
Operating Margin
MNKD
MNKD
RMR
RMR
Q4 25
-6.9%
48.1%
Q3 25
23.0%
Q2 25
6.9%
Q1 25
28.5%
Q4 24
34.5%
Q3 24
18.2%
Q2 24
22.9%
Q1 24
25.2%
Net Margin
MNKD
MNKD
RMR
RMR
Q4 25
-14.2%
18.3%
Q3 25
9.7%
Q2 25
0.9%
Q1 25
16.8%
Q4 24
9.7%
Q3 24
16.5%
Q2 24
-2.8%
Q1 24
16.0%
EPS (diluted)
MNKD
MNKD
RMR
RMR
Q4 25
$-0.05
$0.71
Q3 25
$0.03
Q2 25
$0.00
Q1 25
$0.04
Q4 24
$0.03
Q3 24
$0.04
Q2 24
$-0.01
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MNKD
MNKD
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$171.3M
$49.3M
Total DebtLower is stronger
$354.6M
Stockholders' EquityBook value
$-51.0M
$232.7M
Total Assets
$792.2M
$687.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNKD
MNKD
RMR
RMR
Q4 25
$171.3M
$49.3M
Q3 25
$260.0M
Q2 25
$179.0M
Q1 25
$181.5M
Q4 24
$197.3M
Q3 24
$251.6M
Q2 24
$247.8M
Q1 24
$300.7M
Total Debt
MNKD
MNKD
RMR
RMR
Q4 25
$354.6M
Q3 25
$109.7M
Q2 25
$36.2M
Q1 25
$36.1M
Q4 24
$36.1M
Q3 24
$227.9M
Q2 24
$227.6M
Q1 24
$264.1M
Stockholders' Equity
MNKD
MNKD
RMR
RMR
Q4 25
$-51.0M
$232.7M
Q3 25
$-44.6M
Q2 25
$-55.0M
Q1 25
$-58.6M
Q4 24
$-78.8M
Q3 24
$-209.9M
Q2 24
$-225.8M
Q1 24
$-230.0M
Total Assets
MNKD
MNKD
RMR
RMR
Q4 25
$792.2M
$687.1M
Q3 25
$494.6M
Q2 25
$411.7M
Q1 25
$410.1M
Q4 24
$393.8M
Q3 24
$464.2M
Q2 24
$443.8M
Q1 24
$480.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MNKD
MNKD
RMR
RMR
Operating Cash FlowLast quarter
$-8.0M
$10.7M
Free Cash FlowOCF − Capex
$-10.0M
FCF MarginFCF / Revenue
-8.9%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNKD
MNKD
RMR
RMR
Q4 25
$-8.0M
$10.7M
Q3 25
$23.6M
Q2 25
$8.9M
Q1 25
$-6.4M
Q4 24
$22.6M
Q3 24
$9.3M
Q2 24
$3.8M
Q1 24
$6.7M
Free Cash Flow
MNKD
MNKD
RMR
RMR
Q4 25
$-10.0M
Q3 25
$22.5M
Q2 25
$7.8M
Q1 25
$-6.7M
Q4 24
$19.7M
Q3 24
$7.9M
Q2 24
$861.0K
Q1 24
$4.3M
FCF Margin
MNKD
MNKD
RMR
RMR
Q4 25
-8.9%
Q3 25
27.4%
Q2 25
10.2%
Q1 25
-8.6%
Q4 24
25.7%
Q3 24
11.3%
Q2 24
1.2%
Q1 24
6.5%
Capex Intensity
MNKD
MNKD
RMR
RMR
Q4 25
1.8%
Q3 25
1.4%
Q2 25
1.5%
Q1 25
0.4%
Q4 24
3.8%
Q3 24
2.0%
Q2 24
4.1%
Q1 24
3.6%
Cash Conversion
MNKD
MNKD
RMR
RMR
Q4 25
0.88×
Q3 25
2.96×
Q2 25
13.40×
Q1 25
-0.48×
Q4 24
3.05×
Q3 24
0.81×
Q2 24
Q1 24
0.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MNKD
MNKD

Products$50.4M45%
Royalty$33.6M30%
Afrezza$22.9M20%
V Go$4.3M4%

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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