Stock research

Biogen Inc. (BIIB) Stock Research

Biogen develops treatments for neurological diseases such as multiple sclerosis and Alzheimer's.

For the fiscal year ended December 31, 2025, Biogen Inc. reported revenue of $9.9B and net income of $1.3B, with operating cash flow of $2.2B. Source: Form 10-K filed February 6, 2026

SEC data as of

Revenue
$9.9B
FY ending 2025-12-31
Net income
$1.3B
FY ending 2025-12-31
Diluted EPS
$8.79
Net margin
13.1%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About Biogen

Exchange
NASDAQ: BIIB
Sector
Health Care
SEC industry
Biological Products, (No Diagnostic Substances) (SIC 2836)
Fiscal year end
December 31

BIIB key financials

Reported figures from Biogen Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$9.9B2025-01-01 – 2025-12-31SEC filing
Net income$1.3B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$2.2B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$8.792025-01-01 – 2025-12-31SEC filing
Net margin13.1%2025-01-01 – 2025-12-31SEC filing
Shares outstanding147MAs of 2026-02-04SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in BIIB

Biogen Inc. sits in Health Care. Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts. We have not yet written company-specific drivers for BIIB; the forces that matter most for the sector are:

  • ◆Drug approvals and clinical-trial readouts
  • ◆Medicare and drug-pricing policy
  • ◆Demographics and an aging population
  • ◆GLP-1 and obesity-drug demand

Key questions for the BIIB thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does BIIB's reported profit turn into cash?

Operating cash flow was $2.2B, 1.71 times net income of $1.3B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 6, 2026

How much of BIIB's revenue is left as profit?

Net income was 13.1% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 6, 2026

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Congressional trading in BIIB

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-08-18SaleSelf$1,001 - $15,000Filing #20035326
Gilbert Cisneros2026-06-05PurchaseSelf$1,001 - $15,000Filing #20034906
Maria Salazar2026-06-02SaleSelf$15,001 - $50,000Filing #20034928
Maria Salazar2026-05-12PurchaseSelf$1,001 - $15,000Filing #20034709
Maria Salazar2026-05-11PurchaseSelf$1,001 - $15,000Filing #20034709
Maria Salazar2026-05-11PurchaseSelf$50,001 - $100,000Filing #20034709
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Gilbert Cisneros2026-01-30PurchaseSelf$1,001 - $15,000Filing #20033983
Robert Bresnahan2025-05-15PurchaseSelf$1,001 - $15,000Filing #20030482
Robert Bresnahan2025-04-08SaleSelf$1,001 - $15,000Filing #20030291

All verified BIIB congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

BIIB — frequently asked questions

What does Biogen Inc. do?

Biogen develops treatments for neurological diseases such as multiple sclerosis and Alzheimer's.

What were BIIB's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, Biogen Inc. reported revenue of $9.9B and net income of $1.3B, with operating cash flow of $2.2B. The figures come from Biogen Inc.'s SEC XBRL filings.

When does Biogen Inc.'s fiscal year end?

The SEC lists Biogen Inc.'s fiscal year end as December 31.

Do members of Congress trade BIIB?

The current verified House and Senate snapshot contains 11 transaction rows for BIIB, each linked to the original filing.

Is BIIB a good investment?

This page does not rate BIIB as a buy or sell. It sets out what Biogen Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the BIIB numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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