Biogen (BIIB) financial statements
- FY2025 revenue
- $9.9B▲ +2.2%
- FY2025 net income
- $1.3B▼ −20.8%
- FY2025 diluted EPS
- $8.79▼ −21.4%
- FY2025 free cash flow
- $2.1B▼ −24.7%
Biogen income statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Revenue | 9,891 | 9,676 | 9,836 |
| Pretax income | 1,557 | 1,906 | 1,297 |
| Net income | 1,293 | 1,632 | 1,161 |
| Diluted earnings per share | 8.79 | 11.18 | 7.97 |
Biogen balance sheet
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Cash and cash equivalents | 3,009 | 2,375 | 1,050 |
| Total assets | 29,440 | 28,049 | 26,845 |
| Total liabilities | 11,183 | 11,333 | 12,045 |
| Total equity | 18,257 | 16,716 | 14,799 |
Biogen cash flow statement
| USD millions | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Period ended | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
| Operating cash flow | 2,205 | 2,876 | 1,547 |
| Capital expenditure | -154 | -154 | -277 |
| Free cash flow (derived) | 2,051 | 2,722 | 1,270 |
| Share repurchases | n/a | 0 | 0 |
Quarterly highlights
| USD millions | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Period ended | 30 Sep 2026 | 30 Jun 2026 | 31 Mar 2026 | 31 Dec 2025 |
| Revenue (derived) | 2,804 | 2,736 | 2,478 | 2,279 |
| Net income (derived) | -21 | 98 | 320 | -49 |
| Diluted earnings per share | -0.14 | 0.66 | 2.15 | n/a |
| Operating cash flow (derived) | 641 | 449 | 646 | 512 |
| Total assets | 32,054 | 32,087 | 29,483 | 29,440 |
Biogen major shareholders
| Holder | Share of class | Shares | Filed |
|---|---|---|---|
| Abigail P. Johnson | 12.4% | 18,294,524 | 6 August 2026 |
| FMR LLC | 12.4% | 18,294,524 | 6 August 2026 |
| PRIMECAP MANAGEMENT CO/CA/ | 10.2% | 14,954,697 | 14 November 2025 |
| BlackRock, Inc. | 8.5% | 12,506,681 | 17 April 2025 |
| Vanguard Capital Management | 7.5% | 10,989,562 | 30 April 2026 |
Biogen 10-K and SEC filings
| Filed | Form | Type | Description |
|---|---|---|---|
| 28 October 2026 | 10-Q | Quarterly report | Quarterly report |
| 28 October 2026 | 8-K | Current report | Current report |
| 29 July 2026 | 10-Q | Quarterly report | Quarterly report |
| 29 July 2026 | 8-K | Current report | Current report |
| 1 July 2026 | 8-K | Current report | Current report |
| 10 June 2026 | 8-K | Current report | CURRENT REPORT |
| 14 May 2026 | 8-K | Current report | Current report |
| 29 April 2026 | 10-Q | Quarterly report | Quarterly report |
Common questions
What was Biogen's revenue in fiscal 2025?
Biogen reported $9.9 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 2.2% from fiscal 2024.
What was Biogen's net income in fiscal 2025?
Biogen reported net income of $1.3 billion for fiscal 2025, the year ended 31 December 2025, down 20.8% from fiscal 2024. Diluted earnings per share were $8.79.
What was Biogen's free cash flow in fiscal 2025?
Biogen had $2.1 billion in free cash flow in fiscal 2025. Operating cash flow was $2.2 billion and capital expenditure was $154 million.
What were Biogen's total assets at the end of fiscal 2025?
Biogen reported total assets of $29.4 billion at the end of fiscal 2025, the year ended 31 December 2025.
How much Biogen history does each plan include?
Free covers the last 3 fiscal years of annual figures. Basic covers the last 10 fiscal years, annual and quarterly. Pro covers the full history, with first reported values and as of dates.
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