Biogen (BIIB) Cash from Operations (2009 - 2026)
Biogen (BIIB) posted Cash from Operations of $448.9 million for Q2 2026, down 30.46% on a QoQ basis from $645.5 million in Q1 2026, and up 178.99% year-over-year from $160.9 million in Q2 2025.
Analysis
Biogen (BIIB) Cash from Operations (2009 - 2026) Analysis & Trends
Biogen has reported Cash from Operations for 18 years, with the latest figure at $448.9 million in Q2 2026.
- On a quarterly basis, Cash from Operations rose 178.99% year-over-year to $448.9 million in Q2 2026; TTM through Jun 2026 was $2.9 billion, a 36.0% increase from a year earlier, with the FY2025 full-year figure at $2.2 billion, down 23.33% from the prior year.
- Cash from Operations was $448.9 million for Q2 2026 at Biogen, down from $645.5 million in the prior quarter.
- The five-year high for Cash from Operations was $1.3 billion in Q3 2025, with the low at -$175.0 million in Q4 2022.
- Average Cash from Operations over 5 years is $505.9 million, with a median of $532.6 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2024: Cash from Operations sank 120.88% in 2022, then jumped 5987.2% in 2024.
- Over 5 years, Cash from Operations stood at -$175.0 million in 2022, then soared by 107.14% to $12.5 million in 2023, then surged by 5987.2% to $760.9 million in 2024, then sank by 32.72% to $511.9 million in 2025, then retreated by 12.31% to $448.9 million in 2026.
- The last three Cash from Operations figures came in at $448.9 million (Q2 2026), $645.5 million (Q1 2026), and $511.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 203.97 Bn | 189.99 Bn | 7.24 Bn | 4.00 Bn |
| 2 | Gilead Sciences | 178.74 Bn | 175.56 Bn | 6.22 Bn | 3.57 Bn |
| 3 | Vertex Pharmaceuticals | 130.73 Bn | 122.88 Bn | 2.84 Bn | 1.13 Bn |
| 4 | Regeneron Pharmaceuticals | 80.42 Bn | 72.42 Bn | 3.93 Bn | 813.00 Mn |
| 5 | Argenx Se | 60.40 Bn | 55.21 Bn | 1.37 Bn | - |
| 6 | Moderna | 57.65 Bn | 52.52 Bn | 52.00 Mn | -526.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.37 Bn | 30.07 Bn | 992.69 Mn | 326.72 Mn |
| 8 | Biogen | 32.15 Bn | 30.86 Bn | 1.96 Bn | 448.90 Mn |
| 9 | Roivant Sciences | 29.58 Bn | 29.58 Bn | 1.16 Mn | -270.50 Mn |
| 10 | Insmed | 28.06 Bn | 26.90 Bn | 358.27 Mn | -88.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 448.90 Mn |
| Mar 31, 2026 | 645.50 Mn |
| Dec 31, 2025 | 511.90 Mn |
| Sep 30, 2025 | 1.27 Bn |
| Jun 30, 2025 | 160.90 Mn |
| Mar 31, 2025 | 259.30 Mn |
| Dec 31, 2024 | 760.90 Mn |
| Sep 30, 2024 | 935.60 Mn |
| Jun 30, 2024 | 625.80 Mn |
| Mar 31, 2024 | 553.20 Mn |
| Dec 31, 2023 | 12.50 Mn |
| Sep 30, 2023 | 592.40 Mn |
| Jun 30, 2023 | 487.00 Mn |
| Mar 31, 2023 | 455.30 Mn |
| Dec 31, 2022 | -175.00 Mn |
| Sep 30, 2022 | 661.00 Mn |
| Jun 30, 2022 | 736.50 Mn |
| Mar 31, 2022 | 161.80 Mn |
| Dec 31, 2021 | 838.30 Mn |
| Sep 30, 2021 | 805.30 Mn |