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MNKD

MannKind Corporation
CIK 0000899460 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
89.3
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-12-31 ยท TRIGGERED100.0

Earnings quality

Beneish M-Score 0.43 exceeds the -1.78 manipulation threshold
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": 0.426,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 2.659,
    "GMI": 1.017,
    "AQI": 5.175,
    "SGI": 1.222,
    "DEPI": 1,
    "SGAI": 1.25,
    "LVGI": 2.217,
    "TATA": -0.016
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": -0.0209,
  "inputs": {
    "revenue_t": 348966000,
    "revenue_t1": 285504000,
    "total_assets_t": 792182000,
    "net_income_t": 5863000,
    "cfo_t": 18255000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/899460/000119312526073516/0001193125-26-073516-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}
P-05 ยท FY 2025-12-31 ยท ELEVATED100.0

Tax arbitrage

ETR -316.7% vs 21% statutory โ€” gap persistent across 2 of 2 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": -3.167,
    "2024-12-31": 0.096
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 3.377,
    "2024-12-31": 0.114
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/899460/000119312526073516/0001193125-26-073516-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}
P-13 ยท FY 2023-12-31 ยท ELEVATED50.7

Zombie / distress

[FY2023 data, stale โ€” no more recent EBIT figure in XBRL] Interest coverage 0.57x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": 0.573,
    "2022-12-31": -4.271
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -18.673,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 8678000,
    "interest_expense_t": 15151000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/899460/000119312526073516/0001193125-26-073516-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}
P-12 ยท FY 2025-12-31 ยท CLEAN19.9

Restatement predictor

F-Score 0.60 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-26) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.596,
  "probability": 0.0022,
  "components": {
    "rsst": -0.0209,
    "drec": 0.0448,
    "dinv": 0.0125,
    "soft": 0.8014,
    "dcs": 0.1292,
    "droa": -0.0626,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/899460/000119312526073516/0001193125-26-073516-index.htm",
    "form": "10-K",
    "filed": "2026-02-26"
  }
}