Biogen (BIIB) Net Cash Flow (2009 - 2026)
Biogen (BIIB) reported Net Cash Flow of -$2.09 billion for Q2 2026, compared with $92.2 million a year earlier.
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Analysis
Biogen (BIIB) Net Cash Flow (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Biogen's Net Cash Flow came in at -$1.45 billion; for FY2025, it came in at $531.6 million, down 61.8% from FY2024.
- By year, Net Cash Flow came in at $1.39 billion in FY2024, -$2.4 billion in FY2023, $1.21 billion in FY2022 (+22.6%) and $990 million in FY2021.
- The Q2 2026 figure ranks as the lowest quarterly Net Cash Flow since Q2 2018.
- Per Business Quant data, the three quarters before Q2 2026 came in at $392.2 million (Q1 2026), -$856.8 million (Q4 2025) and $1.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | -1.27 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | -2.82 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 1.53 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 757.00 Mn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 1.62 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 1.95 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | -4.43 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | -722.00 Mn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 652.90 Mn |
| 10 | Biogen | 33.37 Bn | 20.03 Bn | 1.96 Bn | -2.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2.09 Bn |
| Mar 31, 2026 | 392.20 Mn |
| Dec 31, 2025 | -856.80 Mn |
| Sep 30, 2025 | 1.11 Bn |
| Jun 30, 2025 | 92.20 Mn |
| Mar 31, 2025 | 189.00 Mn |
| Dec 31, 2024 | 750.20 Mn |
| Sep 30, 2024 | -252.10 Mn |
| Jun 30, 2024 | 847.10 Mn |
| Mar 31, 2024 | 47.60 Mn |
| Dec 31, 2023 | -1.29 Bn |
| Sep 30, 2023 | -301.20 Mn |
| Jun 30, 2023 | -276.30 Mn |
| Mar 31, 2023 | -541.10 Mn |
| Dec 31, 2022 | -323.50 Mn |
| Sep 30, 2022 | 1.08 Bn |
| Jun 30, 2022 | 958.50 Mn |
| Mar 31, 2022 | -502.70 Mn |
| Dec 31, 2021 | 735.40 Mn |
| Sep 30, 2021 | -174.80 Mn |
API Access
Biogen Net Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-cash-flow&ticker=BIIB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-cash-flow", "ticker": "BIIB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-cash-flow&ticker=BIIB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();