What is Biogen's total cost of revenue?

Biogen (BIIB) reported total cost of revenue of $661M in Q1 2026.

How has Biogen's total cost of revenue changed year-over-year?

Biogen's total cost of revenue increased by 5.0% year-over-year, from $629.3M to $661M.

What is the long-term trend for Biogen's total cost of revenue?

Over 4 years (2021 to 2025), Biogen's total cost of revenue has grown at a 3.3% compound annual growth rate (CAGR), from $2.11B to $2.4B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Biogen BIIB Total Cost of Revenue

Total Cost of Revenue at other companies

Eli LillyLLY

$3.58B+60.8%

Rogers CorporationROG

$135.9M+1.8%

TG TherapeuticsTGTX

$33.51M+116%

Acadia PharmaceuticalsACAD

$24.79M+21.6%

OrganonOGN

$677M+0.7%

Catalyst PharmaceuticalCPRX

$14.48M-19.2%

Segments

By product

See full

SPINRAZA$212.3M-1.8%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$645.5M+149%

CapEx$51.2M+38.0%

Free cash flow$594.3M+167%

Valuation

See full

Market cap$31.89B+72.3%

Enterprise value$35.07B+57.0%

P/E22.5×+10.4×

P/S3.2×+1.4×

Profitability

See full

Gross margin75.5%-0.1pp

Operating margin22.9%—

Net margin14.3%-0.8pp

FCF margin24.4%-0.4pp

Returns & leverage

See full

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:CostOfGoodsAndServicesSold.

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 total cost of revenue?: Biogen (BIIB) reported total cost of revenue of $661M in Q1 2026.
How has Biogen's total cost of revenue changed year-over-year?: Biogen's total cost of revenue increased by 5.0% year-over-year, from $629.3M to $661M.
What is the long-term trend for Biogen's total cost of revenue?: Over 4 years (2021 to 2025), Biogen's total cost of revenue has grown at a 3.3% compound annual growth rate (CAGR), from $2.11B to $2.4B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.