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Discontinued — last reported Q2 '26

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Other financials

Income statement

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Revenue$2.7B+3.4%
Gross profit$2.0B-4.0%
Operating income$610.7M
Net income$97.5M-84.6%
EPS (diluted)$0.66-84.8%

Balance sheet

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Cash & equivalents$1.3B-53.4%
Total debt$7.6B+14.6%
Total equity$18.8B+6.9%
Total assets$32.1B+13.3%

Cash flow

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Operating cash flow$448.9M+179%
CapEx$40.9M+53.8%
Free cash flow$408.0M+204%

Valuation

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Market cap$29.99B+54.7%
Enterprise value$36.26B+56.2%
P/E33.9×+21.3×
P/S+1.1×

Profitability

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Gross margin74%-1.4pp
Operating margin22.9%
Net margin8.8%-6.5pp
FCF margin26.9%+7.1pp

Returns & leverage

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Return on equity4.8%-4.3pp
Debt / equity0.4×0.0×
Current ratio1.9×-0.6×

Where this comes from

Calculated from Biogen’s reported figures.

$214.7Mebit+
$236.1MDepreciation Depletion & Amortization
=$450.8M

The source filing: Biogen’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 6:36 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000875045-26-000075

FAQ

What is Biogen's EBITDA?
Biogen (BIIB) reported EBITDA of $450.8M in Q2 2026.
How has Biogen's EBITDA changed year-over-year?
Biogen's EBITDA decreased by 55.4% year-over-year, from $1.01B to $450.8M.
What is the long-term trend for Biogen's EBITDA?
Over 4 years (2021 to 2025), Biogen's EBITDA has grown at a -6.1% compound annual growth rate (CAGR), from $3.33B to $2.59B.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.

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