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Biogen BIIB LEQEMBI — Expense incurred by the collaboration

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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:Expenseincurredbythecollaboration.

The official record: Biogen’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's LEQEMBI — expense incurred by the collaboration?
Biogen (BIIB) reported LEQEMBI — expense incurred by the collaboration of $169.5M in Q1 2026.
How has Biogen's LEQEMBI — expense incurred by the collaboration changed year-over-year?
Biogen's LEQEMBI — expense incurred by the collaboration decreased by 4.6% year-over-year, from $177.7M to $169.5M.
What is the long-term trend for Biogen's LEQEMBI — expense incurred by the collaboration?
Over 3 years (2022 to 2025), Biogen's LEQEMBI — expense incurred by the collaboration has grown at a 88.6% compound annual growth rate (CAGR), from $104.6M to $701.6M.
What does LEQEMBI — expense incurred by the collaboration mean?
This metric captures the total operational and development expenses generated by a collaborative entity or joint venture for a specific product line. It serves as a comprehensive view of the total resource consumption of the partnership, independent of how those costs are allocated or reported on the individual partners' financial statements. It is a key indicator of the overall scale and intensity of the collaborative effort.