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Biogen BIIB Net gains (losses) on investments

Net gains (losses) on investments at other companies

TG Therapeutics logo
TG TherapeuticsTGTX
$1.23M+778%
AnaptysBio, Inc. logo
AnaptysBio, Inc.ANAB
$8K-99.5%

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$30.6B+63.1%
Enterprise value$36.87B+63.1%
P/E34.6×+22.4×
P/S3.1×+1.2×

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

Reported directly by Biogen in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInEquitySecuritiesFvNi.

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

Filed
Jul 29, 2026, 6:36 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000875045-26-000075
Line itemFor the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
Share-based compensation161.4155.9
Contingent consideration23.022.8
Deferred income taxes(4.0)(59.1)
(Gain) loss on strategic investments(61.8)33.2
Other64.016.0
Changes in operating assets and liabilities, net of effects of business acquired:
Accounts receivable(166.0)(170.5)
Due from anti-CD20 therapeutic programs11.84.2

Item 1. Financial Statements (unaudited)

FAQ

What is Biogen's net gains (losses) on investments?
Biogen (BIIB) reported net gains (losses) on investments of $42.8M in Q2 2026.
What does net gains (losses) on investments mean?
Realized and unrealized gains/losses on investments removed from operating cash flow since they're investing-related.

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