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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
Total revenues989,708825,4101,755,9161,570,555
OPERATING EXPENSES:
Cost of sales202,795150,090397,794301,648
Research and development206,952161,308385,748320,039
Selling, general and administrative395,549232,279653,839438,395
Intangible asset amortization73,4924,84677,9759,693
Total operating expenses878,788548,5231,515,3561,069,775
INCOME FROM OPERATIONS110,920276,887240,560500,780

Item 1. Financial Statements

FAQ

What is BioMarin Pharmaceuticals's R&D?
BioMarin Pharmaceuticals (BMRN) reported R&D of $206.95M in Q2 2026.
How has BioMarin Pharmaceuticals's R&D changed year-over-year?
BioMarin Pharmaceuticals's R&D increased by 28.3% year-over-year, from $161.31M to $206.95M.
What is the long-term trend for BioMarin Pharmaceuticals's R&D?
Over 4 years (2021 to 2025), BioMarin Pharmaceuticals's R&D has grown at a 10.0% compound annual growth rate (CAGR), from $628.79M to $921.93M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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