Abstract:[Background] Insects represent the group with the highest number of biological species and constitute a vast biological resource on earth that has yet to be fully explored and utilized. Fungi derived from insects can produce structurally diverse secondary metabolites and serve as a significant source of active natural products. [Objective] To isolate and identify the secondary metabolites of the fungus Penicillium brevicompactum VMFST24 derived from Vespa mandarinia Cordyceps sensu lato and evaluated their anti-inflammatory activities. [Methods] First, the RAW264.7 cell model of inflammation induced by lipopolysaccharide was employed to evaluate the anti-inflammatory activities of the water extract, n-butanol extract, and ethyl acetate extract of P. brevicompactum VMFST24. Subsequently, based on the results of the activity tests, the moderately polar fraction of the ethyl acetate extract was isolated and purified by multiple chromatographic techniques. The obtained monomeric compounds were then tested for their anti-inflammatory activities. Finally, GC-MS was utilized to detect and analyze the chemical components of the low polar fraction. [Results] The ethyl acetate extract of the fermentation product of P. brevicompactum VMFST24 exhibited a significant anti-inflammatory activity. Five compounds were identified from this extract, including mycophenolic methyl ester (1), α-acetylorcinol (2), 3-methoxy-6,8-dihydroxy-3-methyl-3,4- dihydroisocoumarin (3), methyl 3,5-dihydroxybenzoate (4), and o-orsellinic acid (5). Among them, compounds 2 and 4 demonstrated anti-inflammatory activities. Additionally, GC-MS analysis of the low polar fraction of the ethyl acetate extract revealed high abundance of fatty acids, their esters, and phenols. [Conclusion] P. brevicompactum, a fungus associated with Vespa mandarinia Cordyceps sensu lato, has the capacity to produce anti-inflammatory secondary metabolites. This research establishes a foundation for the development of active natural drugs derived from Cordyceps fungi associated with Vespa.