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BridgeBio Pharma (BBIO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · BridgeBio Pharma (BBIO) Q3 2026 earnings results →

Q3 2026 Revenue up 193% year over year to $353M · 17¢ of every $1 of revenue lost · operating margin -3.3%

BridgeBio Pharma made $353M in Q3 2026 (+193% Y/Y): Net product revenue $253M, License and services revenue $79.3M, Royalty revenue $20.5M. Operating margin -3.3%, net loss $60.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$353M
Year over year+193%
Operating margin-3.3%
Net earnings−$60.5M
Operating cash flow−$44.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $353.2M in Q3 2026, up 193% year over year and up 45% from the previous quarter. Net product revenue was the largest line at 72% of revenue. Net product revenue added $145.2M year over year (up 134%), 62% of the total change.

Operating costs exceeded revenue by $11.6M, an operating margin of -3.3%. Total costs grew 37% against revenue growth of 193%. The fastest-growing cost line was Cost of revenue (+212%). The quarter ended with a net loss of $60.5M, narrower than the previous quarter's $155.9M loss. Minority interests bore $3.8M of it: to shareholders the quarter was a loss of $56.7M. Net interest and other expense of $47.6M was the main reason.

Operating cash flow was −$44.2M. Non-cash charges added back $1.1M of depreciation and amortization and $39.9M of share-based compensation. Working capital and other items used $24.6M. Capital expenditures of $290K exceeded it, leaving free cash flow of −$44.5M.

Quarterly history

BridgeBio Pharma revenue by quarterBridgeBio Pharma revenue by quarter$117MQ1 2025$111MQ2 2025$121MQ3 2025$154MQ4 2025$195MQ1 2026$244MQ2 2026$353MQ3 2026
BridgeBio Pharma net earnings by quarterBridgeBio Pharma net earnings by quarter−$170MQ1 2025−$184MQ2 2025−$185MQ3 2025−$195MQ4 2025−$167MQ1 2026−$156MQ2 2026−$60.5MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$353M+193%-3.3%−$60.5M−$44.2M
Q2 202610-QAug 10, 2026$244M+120%-43.9%−$156M−$71.1M
Q1 202610-QMay 7, 2026$195M+67%-54.5%−$167M−$197M
Q4 202510-KFeb 24, 2026$154M26×-90.5%−$195M−$56.4M
Q3 202510-QOct 29, 2025$121M44×-120.3%−$185M−$110M
Q2 202510-QAug 5, 2025$111M51×-121.4%−$184M−$80.7M
Q1 202510-QApr 29, 2025$117M-45%-89.5%−$170M−$199M

Charts

BridgeBio Pharma: revenue growth, year over year and quarter over quarterBridgeBio Pharma: revenue growth, year over year and quarter over quarterY/YQ/Q-45%Q1 2025+400%-5%Q2 2025+400%+9%Q3 2025+400%+28%Q4 2025+67%+26%Q1 2026+120%+25%Q2 2026+193%+45%Q3 2026
Latest (Q3 2026): Y/Y +193%, Q/Q +45%.
BridgeBio Pharma: where the cash came from (+) and went (−), TTM to Q3 2026BridgeBio Pharma: where the cash came from (+) and went (−), TTM to Q3 2026Other financing$1.5BCash drawn (+) / kept (−)−$890MOperating cash flow−$369MBuybacks−$253MShares issued$46.9MTaxes on employees’ shares−$20.9MOther investing−$1.8MCapital spending−$835KPartners$600K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
BridgeBio Pharma: profit against cash, quarter by quarterBridgeBio Pharma: profit against cash, quarter by quarterNet incomeOperating cash flow−$267M−$195MQ4 2024−$170M−$199MQ1 2025−$184M−$80.7MQ2 2025−$185M−$110MQ3 2025−$195M−$56.4MQ4 2025−$167M−$197MQ1 2026−$156M−$71.1MQ2 2026−$60.5M−$44.2MQ3 2026
Latest (Q3 2026): Net income −$60.5M, Operating cash flow −$44.2M.
BridgeBio Pharma: diluted shares by fiscal yearBridgeBio Pharma: diluted shares by fiscal year118MFY2020144MFY2021147MFY2022163MFY2023186MFY2024192MFY2025
+62.3% since FY2020: more shares outstanding (issuance, stock pay).
BridgeBio Pharma: long-term debt falling due (FY2025)BridgeBio Pharma: long-term debt falling due (FY2025)$40.6M2026$584M2027$26.9M2028$766M2029$10.1M2030$580MLater
Cash $570M, short-term investments $17.4M, long-term debt $2.0B at 2025-12-31.
BridgeBio Pharma in its industry: growth against margin (225 companies, SIC 2834)BridgeBio Pharma in its industry: growth against margin (225 companies, SIC 2834)revenue growth, year over year →↑ operating marginmedian +11%median -50%JNJLLYMRKABBVPFEBMYABTREGNTEVAVTRSVRTXBHCZTSONCOGNALNYELANJAZZBMRNPRGOAMRXUTHRRPRXNRIXINSMKeenova Therapeutics plcALKSMDGLPAHCSRPTPTCTINDVACADCORTPBHANIPKNSAPTGXHRMYIONSAXSMTGTXSUPNTVTXCOLLVREOFAMPHMIRMPCRXRARELQDAARQTIRWDARDXNATRXNCREBSZLABXERSINVACRMDMNKDRYTMURGNPHATAUPHSNDXRIGLLGNDEOLSARWRPGENHROWVNDAOPKSDGRGERNETONAGIOPBYITNGXCYRXCYTKMRVIORGONUVBLFVNSIGAKROSAMRNZVRASPRYHRTXAKBABCYCKPTIGYREMGNXELTPSEPNVRDNLFCRCrinetics Pharmaceuticals, Inc.VSTMKURATBPHLABADCTNAMSFBIOXLODERMARCTRMTIAYTUFHTXENTATNXPOCULASMBWVEAPMDBFRIABEOSTOKLXRXCAPRIDYANKTRZOMDFINBPJANXSBFMGOSSETSTRCUSCPIXLIFDCUEAQSTPRAXWHWKVERUEMMAGENBVRCACELUQUREZYMEEQABCLIMNMKYNBAKTSRNACVSICNTBTRAWISCOEVFMTVRDLPCNCAMPAtaiBeckley Inc.CTMXALMSPMHSACRSVTGNROIVKRROJAGXENSCKRSAABUSPRPHSTTKCPHITRDATXMDGOVXNWBOBIOEUPBIRDOVIDSPRBXBIOPRTAMCRBARVNMNOVSLNIGCBIOALGVNDNTHCPMDSPRORFLCOYASCYXBFRGSXTPBTAIQHCWBSERYARWRNACRGBPAVTXCLNNNTHIHINDAAGHALTONCOCRVOSKVIBOLTBDPTLYELIBOPULMBBIO (+193%, -3%)
Pharmaceutical Preparations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About BridgeBio Pharma

BridgeBio Pharma, Inc. is a commercial-stage, multi-product biopharmaceutical company organized around a portfolio operating model to discover, develop, and deliver medicines for patients with genetic diseases. We seek to translate advances in genetic science into therapies for patient populations with significant unmet medical needs. Since our founding 10 years ago, we have advanced multiple programs from discovery through regulatory approval and commercialization. To date, more than 8,500 patients have been treated with our approved medicines, and we have obtained U.S. Food and Drug Administration (the “FDA”) approval for three products.

In its own words, from its 10-K, filed Feb 24, 2026.

BridgeBio Pharma against its Pharmaceutical Preparations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +193% against the peers' median +10%. Operating margin: -3.3% against the peers' median 20.4%.

CompanyQuarterRevenueY/YOp. margin
BBIO BridgeBio PharmaQ3 2026$353M+193%-3.3%
JNJ Johnson & JohnsonQ3 2026$25.4B+6%0.1%
LLY ELI LillyQ3 2026$24.4B+39%34.5%
MRK MerckQ3 2026$18.1B+5%30.7%
ABBV AbbVieQ3 2026$17.4B+10%36.0%
PFE PfizerQ3 2026$16.6B-0.4%20.4%
BMY Bristol Myers SquibbQ3 2026$13.1B+7%19.4%
ABT Abbott LaboratoriesQ3 2026$13.0B+14%10.4%
REGN Regeneron PharmaceuticalsQ3 2026$5.1B+36%40.0%

Source: BridgeBio Pharma 10-Q on SEC EDGAR · CIK 1743881 · Pharmaceutical Preparations

13F: who owns BBIO and who is buying

Largest holders of BBIO (13F)Largest holders of BBIO (13F)Vanguard Group$1.3BJupiter Topco LLC$1.1BKohlberg Kravis Roberts & Co. L.P.$988MJanus Henderson Group$979MBlackRock$766MViking Global Investors LP$741MVanguard Capital Management LLC$588MVanguard Portfolio Management LLC$570MWellington Management Group LLP$395MTwo Sigma Investments, LP$352M
Funds' net buying of BBIO by quarter (13F)Funds' net buying of BBIO by quarter (13F)−$128M2024-09−$35.2M2024-12$300M2025-03−$14.5M2025-06−$151M2025-09−$67.3M2025-12$440M2026-03−$554M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on BBIO

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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