--- title: "Biogen: Metrics Guide" description: "Biogen revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/biogen/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Biogen: Financial & Operating Metrics Guide ## Direct Answer Biogen reported revenue of $9.9 billion for the fiscal year ended December 31, 2025, net income of $1.3 billion, according to its SEC filings. Revenue grew 2.2% from the prior year. ## What Are Biogen's Key Financial Figures? | Fiscal year | FY2025ended December 31, 2025 | FY2024ended December 31, 2024 | FY2023ended December 31, 2023 | FY2022ended December 31, 2022 | | --- | --- | --- | --- | --- | | Revenue | $9.9 billion | $9.7 billion | $9.8 billion | $10.2 billion | | Operating income | Not reported | Not reported | Not reported | Not reported | | Operating margin | n/a | n/a | n/a | n/a | | Net income | $1.3 billion | $1.6 billion | $1.2 billion | $3.0 billion | | Net margin | 13.1% | 16.9% | 11.8% | 30.0% | | Operating cash flow | $2.2 billion | $2.9 billion | $1.5 billion | $1.4 billion | | Capital expenditures | $154 million | $154 million | $277 million | $240 million | | Free cash flow | $2.1 billion | $2.7 billion | $1.3 billion | $1.1 billion | Free cash flow (operating cash flow minus capital expenditures) was $2.1 billion against net income of $1.3 billion; cash generation covered reported earnings. ![Bar chart of Biogen revenue, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $9.9 billion and net income $1.3 billion.](https://www.getswoopr.com/images/charts/biogen-metrics-revenue-profit.webp) *Biogen revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Biogen net margin for fiscal 2022 to 2025. In fiscal 2025, net margin was 13.1%.](https://www.getswoopr.com/images/charts/biogen-metrics-margins.webp) *Biogen operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Biogen operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $2.2 billion, capital expenditures was $154 million, free cash flow was $2.1 billion.](https://www.getswoopr.com/images/charts/biogen-metrics-cash-flow.webp) *Biogen operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Biogen's Balance Sheet Show? | Cash and cash equivalents | $3.0 billion | | --- | --- | | Long-term debt | $6.3 billion | | Total assets | $29.4 billion | | Total liabilities | $11.2 billion | | Shareholders' equity | Not reported | | Current ratio | 2.7x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Biogen reported in its own SEC filings, read from the SEC's XBRL data (accession 0000875045-26-000013 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Biogen's revenue in fiscal 2025? Biogen reported revenue of $9.9 billion for the fiscal year ended December 31, 2025, according to its SEC filings. ### What is Biogen's operating margin? Biogen did not report operating income under the standard tag for fiscal 2025, so Swoopr does not compute an operating margin; the income statement in its 10-K shows how it presents profit. ### How much free cash flow did Biogen generate? Operating cash flow of $2.2 billion less capital expenditures of $154 million gives free cash flow of $2.1 billion for fiscal 2025. ## References - [SEC EDGAR: BIOGEN INC. Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/875045/000087504526000013/biib-20251231.htm) - [SEC EDGAR: BIOGEN INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=875045&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Biogen company dossier](https://www.getswoopr.com/stocks/companies/biogen/) - [Biogen financial metrics](https://www.getswoopr.com/stocks/companies/biogen/metrics/) - [Biogen financial risk indicators](https://www.getswoopr.com/stocks/companies/biogen/risks/) - [Biogen peer comparison](https://www.getswoopr.com/stocks/companies/biogen/competitors/) - [Biogen business model and revenue mix](https://www.getswoopr.com/stocks/companies/biogen/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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