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Biogen BIIB MS Product Revenues — Total Revenue

Other product segments

TYSABRI
$441.5M+15.7%
SPINRAZA
$374M-11.8%
VUMERITY
$179M+29.0%
AVONEX
$163.2M-2.2%
SKYCLARYS
$150.7M+21.6%
BENEPALI
$122.1M+9.7%
TECFIDERA
$109.5M-46.9%
PLEGRIDY
$64.3M+8.1%
ZURZUVAE
$55.4M+100%
IMRALDI
$49.6M+4.6%
QALSODY
$32.5M+110%
FLIXABI
$10.5M-19.8%
BYOOVIZ
$0-100%
FAMPYRA
$0-100%
FUMADERM And ADUHELM
$0-100%
TOFIDENCE
$0-100%

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BMRNNet product revenues — Total revenues
$760.08M+3.5%
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GILDProduct sales — Total revenues
$6.95B+5.0%

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-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biogen's MS product revenues — total revenue?
Biogen (BIIB) reported MS product revenues — total revenue of $957.5M in Q1 2026.
How has Biogen's MS product revenues — total revenue changed year-over-year?
Biogen's MS product revenues — total revenue increased by 0.5% year-over-year, from $953M to $957.5M.
What is the long-term trend for Biogen's MS product revenues — total revenue?
Over 4 years (2021 to 2025), Biogen's MS product revenues — total revenue has grown at a -9.8% compound annual growth rate (CAGR), from $6.1B to $4.04B.
What does MS product revenues — total revenue mean?
This metric represents the aggregate gross revenue generated from the sale of the company's portfolio of multiple sclerosis (MS) therapeutic products. It encompasses income derived from established and novel MS treatments, reflecting the company's core market position in the neurology space. This revenue stream is a primary indicator of the commercial performance and market penetration of the company's flagship disease-modifying therapies.