Biomarin Pharmaceutical Inc income statement
In fiscal 2025, Biomarin Pharmaceutical Inc reported revenue of $3.22bn, up 12.9% on the year before, operating income of $409m (a 12.7% margin) and net income of $349m, or $1.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 325 | 376 | 441 | 501 | 548 | 749 | 890 | 1,117 | 1,314 | 1,491 | 1,704 | 1,860 | 1,846 | 2,096 | 2,419 | 2,854 | 3,221 | 3,407 |
| Cost of revenue | 66 | 70 | 84 | 92 | 88 | 122 | 152 | 210 | 242 | 315 | 359 | 524 | 471 | 503 | 532 | 580 | 717 | 814 |
| Gross profit | 259 | 306 | 357 | 409 | 460 | 627 | 738 | 907 | 1,072 | 1,176 | 1,345 | 1,336 | 1,376 | 1,593 | 1,887 | 2,274 | 2,504 | 2,593 |
| Research and development | 115 | 147 | 214 | 302 | 355 | 462 | 635 | 662 | 611 | 696 | 715 | 628 | 629 | 650 | 747 | 747 | 922 | 988 |
| Selling, general and administrative | 124 | 152 | 175 | 198 | 235 | 302 | 402 | 477 | 554 | 604 | 681 | 738 | 759 | 823 | 892 | 1,009 | 1,153 | 1,368 |
| Operating income | 16 | 1 | −34 | −110 | −156 | −93 | −111 | −803 | −15 | −124 | −100 | −43 | −82 | 161 | 186 | 484 | 409 | 149 |
| Interest expense | 14 | 11 | 8 | 8 | 10 | 37 | 38 | 39 | 43 | 44 | 23 | 29 | 15 | 16 | 17 | 13 | 11 | 76 |
| Income before tax | 1 | −21 | −44 | −118 | −177 | −125 | −155 | −831 | −36 | −143 | −95 | −49 | −75 | 150 | 189 | 542 | 482 | 149 |
| Income tax | 1 | −227 | 10 | −4 | −0 | 9 | 17 | −201 | 81 | −65 | −71 | −903 | −11 | 8 | 21 | 115 | 134 | 76 |
| Net income | −0 | 206 | −54 | −114 | −176 | −134 | −172 | −630 | −117 | −77 | −24 | 854 | −64 | 142 | 168 | 427 | 349 | 73 |
| Diluted EPS | $0.00 | $1.73 | −$0.48 | −$0.95 | −$1.28 | −$0.92 | −$1.07 | −$3.81 | −$0.67 | −$0.44 | −$0.13 | $4.50 | −$0.35 | $0.75 | $0.87 | $2.21 | $1.80 | $0.37 |
| Diluted shares (average) | 100m | 126m | 112m | 120m | 138m | 146m | 160m | 166m | 174m | 177m | 179m | 192m | 183m | 189m | 192m | 197m | 197m | 197m |
| EBITDA | 37 | 28 | 1 | −66 | −120 | −47 | −64 | −707 | 73 | −28 | 5 | 62 | 26 | 263 | 290 | 581 | 489 | 206 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 746 | 747 | 745 | 825 | 776 | 875 | 766 | 990 |
| Cost of revenue | 188 | 136 | 152 | 150 | 140 | 276 | 195 | 203 |
| Gross profit | 557 | 611 | 594 | 675 | 636 | 599 | 571 | 787 |
| Research and development | 185 | 174 | 159 | 161 | 409 | 192 | 179 | 207 |
| Selling, general and administrative | 253 | 267 | 206 | 232 | 268 | 446 | 258 | 396 |
| Operating income | 114 | 161 | 224 | 277 | −47 | −45 | 130 | 111 |
| Interest expense | 3 | 3 | 2 | 2 | 3 | 3 | 10 | 61 |
| Income before tax | 134 | 170 | 238 | 298 | −26 | −27 | 141 | 61 |
| Income tax | 28 | 45 | 52 | 57 | 4 | 19 | 36 | 17 |
| Net income | 106 | 125 | 186 | 241 | −31 | −47 | 106 | 45 |
| Diluted EPS | $0.55 | $0.65 | $0.95 | $1.23 | −$0.16 | −$0.24 | $0.54 | $0.23 |
| EBITDA | 125 | 185 | 246 | 287 | −36 | −24 | 146 | 121 |
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