Biogen (BIIB) EBITDA (2009 - 2026)
Biogen (BIIB) posted EBITDA of -$644.5 million for Q2 2026, down 127.5% on a QoQ basis from -$283.3 million in Q1 2026, and down 563.67% year-over-year from $139.0 million in Q2 2025.
Analysis
Biogen (BIIB) EBITDA (2009 - 2026) Analysis & Trends
Biogen has reported EBITDA for 18 years, with the latest figure at -$644.5 million in Q2 2026.
- On a quarterly basis, EBITDA fell 563.67% year-over-year to -$644.5 million in Q2 2026; TTM through Jun 2026 was -$1.6 billion, a 142.32% decrease from a year earlier, with the FY2025 full-year figure at -$847.7 million, down 109.62% from the prior year.
- EBITDA was -$644.5 million for Q2 2026 at Biogen, down from -$283.3 million in the prior quarter.
- The five-year high for EBITDA was $901.6 million in Q3 2022, with the low at -$800.8 million in Q3 2023.
- Average EBITDA over 5 years is -$12.5 million, with a median of -$97.2 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2026: EBITDA surged 76.56% in 2024, then tumbled 563.67% in 2026.
- Over 5 years, EBITDA stood at $439.8 million in 2022, then plunged by 70.99% to $127.6 million in 2023, then slumped by 328.84% to -$292.0 million in 2024, then slumped by 88.87% to -$551.5 million in 2025, then fell by 16.86% to -$644.5 million in 2026.
- The last three EBITDA figures came in at -$644.5 million (Q2 2026), -$283.3 million (Q1 2026), and -$551.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.71 Bn | 192.72 Bn | 7.24 Bn | 3.51 Bn |
| 2 | Gilead Sciences | 180.26 Bn | 177.08 Bn | 6.22 Bn | -10.39 Bn |
| 3 | Vertex Pharmaceuticals | 131.29 Bn | 123.43 Bn | 2.84 Bn | 1.25 Bn |
| 4 | Regeneron Pharmaceuticals | 81.82 Bn | 73.83 Bn | 3.93 Bn | 1.29 Bn |
| 5 | Argenx Se | 60.34 Bn | 55.16 Bn | 1.37 Bn | 493.00 Mn |
| 6 | Moderna | 53.94 Bn | 48.80 Bn | 52.00 Mn | -815.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.34 Bn | 30.03 Bn | 992.69 Mn | 231.44 Mn |
| 8 | Biogen | 31.87 Bn | 30.58 Bn | 1.96 Bn | -644.50 Mn |
| 9 | Roivant Sciences | 29.02 Bn | 29.02 Bn | 1.16 Mn | -365.99 Mn |
| 10 | Insmed | 27.66 Bn | 26.50 Bn | 358.27 Mn | -1.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -644.50 Mn |
| Mar 31, 2026 | -283.30 Mn |
| Dec 31, 2025 | -551.50 Mn |
| Sep 30, 2025 | -117.10 Mn |
| Jun 30, 2025 | 139.00 Mn |
| Mar 31, 2025 | -318.10 Mn |
| Dec 31, 2024 | -292.00 Mn |
| Sep 30, 2024 | -187.70 Mn |
| Jun 30, 2024 | 152.70 Mn |
| Mar 31, 2024 | -77.40 Mn |
| Dec 31, 2023 | 127.60 Mn |
| Sep 30, 2023 | -800.80 Mn |
| Jun 30, 2023 | 115.40 Mn |
| Mar 31, 2023 | -224.50 Mn |
| Dec 31, 2022 | 439.80 Mn |
| Sep 30, 2022 | 901.60 Mn |
| Jun 30, 2022 | 785.50 Mn |
| Mar 31, 2022 | 610.70 Mn |
| Dec 31, 2021 | 587.10 Mn |
| Sep 30, 2021 | 794.00 Mn |