Biogen

Health Care Biotechnology Cambridge, Massachusetts Last filing Feb 6, 2026 · FY2025

                    Revenue
                    FY2025
                
$9.9B
                    3y CAGR -0.9%
                    
                    P12
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.3B
                    Net margin +13.1%
                    
                    P57
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$29.4B
                    ROA +4.4%
                    
                    P40
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$2.2B
                    FCF margin +20.7%
                    
                    P69
                    
                    n/a

19 yrs · FY2007–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

32 accounts · 1 year

Total assets $29.4B

Total liabilities $11.2B

Shareholders equity $18.3B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$3.0B
Short Term Investments	$807.2M
Accounts Receivable	$3.0M
Inventory	$2.2B
Prepaid Expenses	$1.1B
Other Current Assets	$1.1B
Total Current Assets	$9.0B
Property,Plant and Equipment	$3.1B
Operating Lease Assets	$265.4M
Goodwill	$6.5B
Intangible Assets	$9.2B
Deferred Tax Assets	$292.5M
Other Noncurrent Assets	$750.6M
Total Assets	$29.4B
Liabilities
Accounts Payable	$432.0M
Accrued Liabilities	$0
Current Portion of Long Term Debt	$6.3B
Other Current Liabilities	$2.8B
Total Current Liabilities	$3.3B
Long Term Debt	$6.3B
Operating Lease Liabilities Noncurrent	$290.4M
Deferred Tax Liabilities	$507.6M
Other Noncurrent Liabilities	$748.5M
Total Liabilities	$11.2B
Equity
Preferred Stock	$0
Common Stock	$0
Additional Paid In Capital	$863.1M
Retained Earnings	$20.6B
Treasury Stock	$3.0B
Accumulated Other Comprehensive Income	$-182.0M
Total Stockholders Equity	$18.3B
Total Liabilitiesand Equity	$29.4B

Income Statement

Revenue, expense, and profitability

19 accounts · 1 year

Revenue $9.9B

Operating income Not reported

Net income $1.3B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$9.9B
Expenses Cost of Revenue	$2.4B
Expenses Research and Development	$1.8B
Expenses Selling,General and Administrative	$2.4B
Expenses Depreciation and Amortization	$779.9M
Expenses Share Based Compensation	$290.8M
Expenses Restructuring and Asset Impairment	$48.6M
Expenses Operating Expenses	$8.3B
Other Income Expense Interest Income	$125.0M
Other Income Expense Interest Expense	$267.5M
Other Income Expense Other Income/expense	$-24.7M
Other Income Expense Income Before Tax	$1.6B
Income Tax Income Tax Expense	$263.6M
net Income net Income	$1.3B
net Income Comprehensive Income	$1.2B
Earnings Per Share Basic Eps	$9
Earnings Per Share Diluted Eps	$9
Earnings Per Share Weighted Average Shares Basic	$146.5M
Earnings Per Share Weighted Average Shares Diluted	$147.1M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 1 year

Operating cash flow $2.2B

Investing cash flow $-1.4B

Financing cash flow $-301.9M

Account	2025	Trend
CashFlow
Operating Activities net Income	$1.3B
Operating Activities Depreciation and Amortization	$779.9M
Operating Activities Stock Based Compensation	$290.8M
Operating Activities Deferred Income Taxes	$361.6M
Operating Activities Changes In Operating Assets and Liabilities	$133.1M
Operating Activities Other Non Cash Items	$-248.0M
Operating Activities net Cash From Operating Activities	$2.2B
Investing Activities Capital Expenditures	$153.8M
Investing Activities Purchases of Investments	$1.3B
Investing Activities Other Investing Activities	$-42.9M
Investing Activities net Cash From Investing Activities	$-1.4B
Financing Activities Proceeds From Debt	$1.7B
Financing Activities Repayment of Debt	$1.8B
Financing Activities Tax Withholding On Stock Based Compensation	$10.0M
Financing Activities Other Financing Activities	$5.0M
Financing Activities net Cash From Financing Activities	$-301.9M
Cash Reconciliation Effect of Exchange Rate On Cash	$101.9M
Cash Reconciliation net Change In Cash	$531.6M
Cash Reconciliation Cash At Beginning of Period	$3.0B
Cash Reconciliation Cash At End of Period	$3.0B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+75.7%
Operating margin	—
Net margin	+13.1%
FCF margin	+20.7%
Growth
Revenue CAGR (3y)	-0.9%
Returns
ROE	+7.1%
ROA	+4.4%
ROIC	—
Liquidity
Current ratio	2.68x
Quick ratio	0.90x
Leverage
D/E	0.61x
Interest coverage	—
Efficiency
Asset turnover	0.34x
Cash conversion cycle	+264d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Biogen

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