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Biogen

BIIB

Biogen is a global biopharmaceutical company dedicated to the discovery, development, and delivery of innovative therapies for serious and complex diseases.

Market cap
$29.58B+51.9%
Revenue$9.9B+1.2%
Net income$1.4B-4.0%
Free cash flow$2.4B-0.6%
EPS (diluted)$9.65-4.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$2.4B
EPS estimate$3.17

Financials

Q1 2026

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Net income$319.5M+32.8%
EPS (diluted)$2.15+31.1%

Balance sheet

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Cash & equivalents$3.4B+30.2%
Total debt$6.6B+34.7%
Total equity$18.7B+9.9%
Total assets$29.5B+5.2%

Cash flow

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Operating cash flow$645.5M+149%
CapEx$51.2M+38.0%
Free cash flow$594.3M+167%

Valuation & ratios

Valuation

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Market cap$29.58B+51.9%
Enterprise value$32.76B+40.6%
P/E20.8×+8.1×
P/S+1.0×

Profitability

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Gross margin75.5%-0.1pp
Net margin14.3%-0.8pp
FCF margin24.4%-0.4pp

Returns & leverage

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Return on equity8%-1.2pp
Debt / equity0.4×+0.1×
Current ratio3.1×+1.6×

Segments

By product

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TYSABRI$441.5M+15.7%
SPINRAZA$374.0M-11.8%
VUMERITY$179.0M+29.0%
AVONEX$163.2M-2.2%
SKYCLARYS$150.7M+21.6%

By segment

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Reportable Segment$2.5B+1.9%

Competitors

Profile

Biogen is a global biopharmaceutical company dedicated to the discovery, development, and delivery of innovative therapies for serious and complex diseases. The company maintains a leading position in neurology, specialized immunology, and rare diseases, with a primary focus on conditions such as multiple sclerosis, Alzheimer's disease, and spinal muscular atrophy. Its value proposition centers on advancing a deep pipeline of biological and small molecule treatments through internal research and strategic external collaborations.

Competitive position

A global leader in neuroscience and rare disease therapies with a significant portfolio of market-leading MS and SMA treatments.

GeographiesUnited States, European Union, China, Japan, Brazil
Customer segmentsPatients, Healthcare Providers, Government Payors, Private Insurers
Business modelR&D intensive, IP licensing, Manufacturing and Commercialization
SuppliersContract manufacturing organizations, Specialized raw material suppliers, Academic research institutions, Clinical research organizations
CustomersPharmaceutical wholesalers, Specialty pharmacies, Government healthcare programs (Medicare/Medicaid), Private health insurers
Listed1991
Employees7.6K
CEOChristopher A. Viehbacher
Websitebiogen.com
FilingsSEC EDGAR

Questions, answered.

What is Biogen's market cap?
Biogen (BIIB) has a market capitalization of $29.6B and trades on NASDAQ.
What is Biogen's revenue and profitability?
Biogen generated $9.9B in trailing twelve-month revenue with net income of $1.4B, representing a net margin of 14.3%. Gross margin stands at 75.5%, with free cash flow of $2.4B. These figures are based on the Q1 2026 filing.
Who are Biogen's competitors?
Biogen's key competitors include Organon, Eli Lilly and Company, Roche Group, and others. These companies compete in similar markets and product categories.
Who does Biogen partner with?
Biogen's notable partners include Eisai, Genentech, Ionis Pharmaceuticals, and others.
What subsidiaries does Biogen have?
Biogen's subsidiaries include Alcyone Therapeutics.
Where is Biogen headquartered?
Biogen is headquartered in United States of America and employs approximately 7,570 people. It has been publicly traded since 1991.