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Biogen (BIIB) free cash flow by quarter

Biogen's free cash flow was $600M in Q3 2026 (third quarter 2026), +47% from Q2 2026. Over the last 7 quarters it ranged from $134M (Q2 2025) to $1.2B (Q3 2025).

Biogen free cash flow by quarterBiogen free cash flow by quarter$222MQ1 2025$134MQ2 2025$1.2BQ3 2025$468MQ4 2025$594MQ1 2026$408MQ2 2026$600MQ3 2026
QuarterFree cash flowQ/QY/Y
Q3 2026$600M+47%-51%
Q2 2026$408M-31%+204%
Q1 2026$594M+27%+167%
Q4 2025$468M-62%—
Q3 2025$1.2B+813%—
Q2 2025$134M-40%—
Q1 2025$222M——

Q3 2026 at a glance

Biogen, Q3 2026: revenue $2.8B (+11% year over year), operating margin -0.3%, net loss $20.6M, operating cash flow $641M. The chart follows the revenue to costs, profit and cash.

Questions

What is Biogen's free cash flow?

Biogen's free cash flow was $600M in Q3 2026 (third quarter 2026), +47% from Q2 2026.

How has Biogen's free cash flow changed?

Over the last 7 quarters it ranged from $134M (Q2 2025) to $1.2B (Q3 2025).

Q3 2026 results → · How Biogen makes money →