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Biogen BIIB Product revenue, net — 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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$93.37M+37.7%

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 product revenue, net — total revenue?
Biogen (BIIB) reported product revenue, net — total revenue of $1.75B in Q1 2026.
How has Biogen's product revenue, net — total revenue changed year-over-year?
Biogen's product revenue, net — total revenue increased by 1.5% year-over-year, from $1.73B to $1.75B.
What is the long-term trend for Biogen's product revenue, net — total revenue?
Over 4 years (2021 to 2025), Biogen's product revenue, net — total revenue has grown at a -5.3% compound annual growth rate (CAGR), from $8.85B to $7.12B.
What does product revenue, net — total revenue mean?
This metric represents the total net sales generated from the company's portfolio of pharmaceutical products after accounting for returns, rebates, and discounts. It serves as the primary indicator of market demand and commercial success for the company's core therapeutic offerings. Tracking this figure allows investors to assess the revenue-generating capacity of the company's marketed drug pipeline.