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Biogen BIIB LEQEMBI — Expense reflected within statements of income

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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:Expensereflectedwithinstatementsofincome.

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 reflected within statements of income?
Biogen (BIIB) reported LEQEMBI — expense reflected within statements of income of $84.7M in Q1 2026.
How has Biogen's LEQEMBI — expense reflected within statements of income changed year-over-year?
Biogen's LEQEMBI — expense reflected within statements of income decreased by 4.6% year-over-year, from $88.8M to $84.7M.
What is the long-term trend for Biogen's LEQEMBI — expense reflected within statements of income?
Over 3 years (2022 to 2025), Biogen's LEQEMBI — expense reflected within statements of income has grown at a 26.4% compound annual growth rate (CAGR), from $173.6M to $350.8M.
What does LEQEMBI — expense reflected within statements of income mean?
This metric represents the portion of collaborative development or operating expenses that is recognized directly on the company's consolidated statement of income. It reflects the specific accounting impact of the partnership's activities on the company's reported profitability. Investors use this to reconcile how collaborative activities translate into actual financial statement line items.