BIIB
Biogen Inc.171.50
-4.24-2.41%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
25.16BP/E (TTM)
15.62Basic EPS (TTM)
10.98Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Biogen's Q3 R&D charge
Biogen disclosed an expected $2 million pre-tax charge for acquired in-process research and development, upfront, and milestone expenses in Q3 2025, stemming from collaboration and license agreements. This hit will trim GAAP and non-GAAP net income per diluted share by $0.01. Preliminary results await finalization. Uncertainty clouds these costs.
8-K
Biogen boosts Q2 revenue, guidance
Biogen reported Q2 2025 revenue of $2.6 billion, up 7% year-over-year, fueled by robust growth in launch products like LEQEMBI ($160 million global in-market sales) and ZURZUVAE ($46 million), while MS revenue dipped 4% amid competitive pressures. Non-GAAP diluted EPS hit $5.47, up 4%, despite $47 million in acquired IPR&D costs. The company raised full-year 2025 guidance to $15.50-$16.00 Non-GAAP EPS and flat revenue at constant currency. Pipeline advances shine, yet ex-U.S. MS headwinds loom.
10-Q
Q2 FY2025 results
Biogen's Q2 revenue climbed 7.3% year-over-year to $2.6B, fueled by Alzheimer's collaboration gains from LEQEMBI's ramp-up and steady anti-CD20 royalties, while product sales dipped 1.1% amid MS erosion. Gross margins held firm despite higher costs from SKYCLARYS amortization, but R&D spend fell 21.1% on efficiency drives, lifting operating income 6.4% to $744M and diluted EPS 8.3% to $4.33—derived from net income of $635M over 146.7M shares, with no anti-dilution flags. Cash flow from operations slowed to $420M YTD on tax timing, yet $2.8B cash bolsters liquidity against $6.3B debt, including fresh 2025 notes; free cash flow not disclosed in the 10-Q. HI-Bio integration advances felzartamab's Phase 3 trials, eyeing immunology synergies. Biosimilar competition pressures pricing in Europe.
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