XML 46 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Income - USD ($)
$ in Thousands, shares in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues $ 9,890,600 $ 9,675,900 $ 9,835,600
Cost and expense:      
Cost of sales, excluding amortization and impairment of acquired intangible assets 2,404,200 2,310,400 2,533,400
Research and development 1,778,600 1,980,300 2,445,400
Acquired in-process research and development, upfront and milestone expense 471,800 61,500 16,600
Selling, general and administrative 2,433,600 2,403,700 2,549,700
Amortization and impairment of acquired intangible assets 515,000 446,700 240,600
Collaboration profit sharing/(loss reimbursement) 290,200 254,400 218,800
(Gain) loss on fair value remeasurement of contingent consideration 33,600 27,700 0
Impairment of ROU asset 52,900 0 0
Restructuring charges 48,600 30,200 218,800
Gain on sale of priority review voucher, net 0 (88,600) 0
Other (income) expense, net 305,600 343,600 315,500
Total cost and expense 8,334,100 7,769,900 8,538,800
Income before income tax (benefit) expense 1,556,500 1,906,000 1,296,800
Income tax (benefit) expense 263,600 273,800 135,300
Net income 1,292,900 1,632,200 1,161,500
Net income attributable to noncontrolling interests, net of tax 0 0 400
Net income attributable to Biogen Inc. $ 1,292,900 $ 1,632,200 $ 1,161,100
Net income per share:      
Basic earnings per share attributable to Biogen Inc. (in dollars per share) $ 8.83 $ 11.21 $ 8.02
Diluted earnings per share attributable to Biogen Inc. (in dollars per share) $ 8.79 $ 11.18 $ 7.97
Weighted-average shares used in calculating:      
Weighted-average number of common shares outstanding (in shares) 146.5 145.6 144.7
Diluted earnings per share attributable to Biogen Inc. (in shares) 147.1 145.9 145.6
Product revenue, net      
Revenues $ 7,119,400 $ 7,213,500 $ 7,246,700
Revenue from anti-CD20 therapeutic programs      
Revenues 1,860,600 1,749,900 1,689,600
Alzheimer's collaboration revenue      
Revenues 177,700 59,900 0
Contract manufacturing, royalty and other revenue      
Revenues $ 732,900 $ 652,600 $ 899,300