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Biogen BIIB Q1 2025 earnings

Reported May 1, 2025 · Before market open

Revenue$2.4BBeat by $196.8MDiluted EPS$3.02Beat by $0.12
Revenue estimate$2.2B
EPS estimate$2.90

Next report

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

Financials

Q1 2025

Income statement

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Revenue$2.4B+6.1%
Gross profit$1.8B+3.1%
Net income$240.5M-38.9%
EPS (diluted)$1.64-39.3%

Balance sheet

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Cash & equivalents$2.6B+142%
Total debt$4.9B-27.2%
Total equity$17.0B+11.6%
Total assets$28.0B+5.5%

Cash flow

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Operating cash flow$259.3M-53.1%
CapEx$37.1M-19.2%
Free cash flow$222.2M-56.2%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$20.03B-36.1%
Enterprise value$22.3B-39.7%
P/E13.5×-13.3×
P/S2×-1.2×

Profitability

See full
Gross margin75.6%+0.5pp
Net margin15.1%+3.0pp
FCF margin24.8%+9.9pp

Returns & leverage

See full
Return on equity9.2%+1.1pp
Debt / equity0.3×-0.2×
Current ratio1.4×-0.7×

Segments

By product

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SPINRAZA$423.9M+24.2%
TYSABRI$381.5M-11.5%
TECFIDERA$206.1M-19.0%
AVONEX$166.8M-6.6%
VUMERITY$138.8M+8.9%

By segment

See full
Reportable Segment$2.4B+6.1%

Versus estimates

Revenue

Q1 2026$2.5BBeat by $191.0MQ4 2025$2.3BBeat by $76.7MQ3 2025$2.5BBeat by $114.8MQ2 2025$2.6BBeat by $317.3M
Q1 2025$2.4BBeat by $196.8M
Q4 2024$2.5BBeat by $46.4M

Diluted EPS

Q1 2026$3.57Beat by $0.52Q4 2025$1.99Beat by $0.36Q3 2025$4.81Beat by $0.93Q2 2025$5.47Beat by $1.57
Q1 2025$3.02Beat by $0.12
Q4 2024$3.44Beat by $0.01

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Questions, answered.

When did Biogen report Q1 2025 earnings?
Biogen (BIIB) reported Q1 2025 earnings on May 1, 2025 before market open.
What were Biogen's Q1 2025 revenue and EPS?
Biogen reported revenue of $2.4B and diluted EPS of $3.02 for Q1 2025.
Did Biogen beat estimates in Q1 2025?
Revenue beat the consensus estimate of $2.2B by $196.8M. EPS beat the consensus estimate of $2.90 by $0.12.
How did Biogen's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.5% from $2.2B a year earlier and diluted EPS declined 17.7% from $3.67.
Where can I find Biogen's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000875045-25-000014) and the 10-Q periodic report (0000875045-25-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.