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BioMarin Pharmaceuticals BMRN Research and early pipeline — R&D

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Other financials

Income statement

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Revenue$989.7M+19.9%
Gross profit$786.9M+16.5%
Operating income$110.9M-59.9%
Net income$44.8M-81.4%
EPS (diluted)$0.23-81.3%

Balance sheet

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Cash & equivalents$874.0M-28.0%
Total debt$4.2B+598%
Total equity$6.3B+4.9%
Total assets$11.7B+57.2%

Cash flow

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Operating cash flow$168.1M-9.3%
CapEx$28.8M+68.5%
Free cash flow$139.3M-17.2%

Valuation

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Market cap$11.58B-0.6%
Enterprise value$14.89B+34.9%
P/E32.2×-34.7×
P/S3.4×-0.4×

Profitability

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Gross margin76.1%-3.4pp
Operating margin19.9%+7.2pp
Net margin16.8%+5.1pp
FCF margin21.7%-1.0pp

Returns & leverage

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Return on equity9.1%+2.8pp
Debt / equity0.7×+0.6×
Current ratio2.4×-3.2×

Where this comes from

Reported directly by BioMarin Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: BioMarin Pharmaceuticals’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001048477-26-000016
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Less:
Cost of sales202,795150,090397,794301,648
R&D expenses
Research and early pipeline85,06995,968172,360186,438
Later-stage clinical programs50,29513,13386,47227,424
Marketed products71,58852,207126,916106,177
SG&A expenses
S&M expenses142,186122,100267,113224,631

Item 1. Financial Statements

FAQ

What is BioMarin Pharmaceuticals's research and early pipeline — R&D?
BioMarin Pharmaceuticals (BMRN) reported research and early pipeline — R&D of $85.07M in Q2 2026.
How has BioMarin Pharmaceuticals's research and early pipeline — R&D changed year-over-year?
BioMarin Pharmaceuticals's research and early pipeline — R&D decreased by 11.4% year-over-year, from $95.97M to $85.07M.
What is the long-term trend for BioMarin Pharmaceuticals's research and early pipeline — R&D?
Over 3 years (2022 to 2025), BioMarin Pharmaceuticals's research and early pipeline — R&D has grown at a 6.9% compound annual growth rate (CAGR), from $313.92M to $383.71M.
What does research and early pipeline — R&D mean?
This metric represents the total operating expenses dedicated to research and early-stage development activities within the company's pipeline. It encompasses costs associated with discovery, preclinical studies, and early clinical trials aimed at identifying and validating new therapeutic candidates before they reach late-stage development. This expenditure is critical for assessing the company's long-term innovation capacity and the sustainability of its future product portfolio.

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