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Biogen BIIB Contract manufacturing, royalty and other revenue — Revenue

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Other financials

Income statement

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Revenue$2.5B+1.9%
Gross profit$1.8B+0.8%
Operating income$610.7M
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

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Market cap$31.89B+72.3%
Enterprise value$35.07B+57.0%
P/E22.5×+10.4×
P/S3.2×+1.4×

Profitability

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Gross margin75.5%-0.1pp
Operating margin22.9%
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×

Where this comes from

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Biogen’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's contract manufacturing, royalty and other revenue — revenue?
Biogen (BIIB) reported contract manufacturing, royalty and other revenue — revenue of $183.23M in Q4 2025.
How has Biogen's contract manufacturing, royalty and other revenue — revenue changed year-over-year?
Biogen's contract manufacturing, royalty and other revenue — revenue increased by 12.3% year-over-year, from $163.15M to $183.23M.
What is the long-term trend for Biogen's contract manufacturing, royalty and other revenue — revenue?
Over 4 years (2021 to 2025), Biogen's contract manufacturing, royalty and other revenue — revenue has grown at a 11.4% compound annual growth rate (CAGR), from $476.3M to $732.9M.
What does contract manufacturing, royalty and other revenue — revenue mean?
This metric tracks the specific revenue recognized from contract manufacturing arrangements and royalty payments derived from third-party use of the company's proprietary technologies. It serves as a measure of the company's secondary revenue streams that do not stem from direct commercialization of its own primary product portfolio. Monitoring this helps investors assess the stability and growth potential of income derived from partnerships and manufacturing service agreements.