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Biogen BIIB LEQEMBI Collaboration — Share of non-controling interest recognized

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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 biib:ShareOfNonControllingInterestRecognized.

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 LEQEMBI collaboration — share of non-controling interest recognized?
Biogen (BIIB) reported LEQEMBI collaboration — share of non-controling interest recognized of 50% in Q4 2025.
What does LEQEMBI collaboration — share of non-controling interest recognized mean?
This metric represents the portion of net income or loss attributable to non-controlling interests within a specific collaborative arrangement for a pharmaceutical product. It reflects the economic interest held by external partners in the joint venture or co-development structure. This figure is essential for understanding the net economic benefit retained by the company versus the portion owed to collaboration partners.