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Biomarin Pharmaceutical Inc Financials

BMRN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Biomarin Pharmaceutical Inc (BMRN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 68 / 100
Financial Profile 68/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
50

Biomarin Pharmaceutical Inc has an operating margin of 12.7%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 50/100, indicating healthy but not exceptional operating efficiency. This is down from 17.0% the prior year.

Growth
55

Biomarin Pharmaceutical Inc's revenue grew 12.9% year-over-year to $3.2B, a solid pace of expansion. This earns a growth score of 55/100.

Leverage
97

Biomarin Pharmaceutical Inc carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 5.21, Biomarin Pharmaceutical Inc holds $5.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
81

Biomarin Pharmaceutical Inc converts 22.5% of revenue into free cash flow ($725.0M). This strong cash generation earns a score of 81/100.

Returns
24

Biomarin Pharmaceutical Inc generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is down from 7.5% the prior year.

Altman Z-Score Safe
5.39

Biomarin Pharmaceutical Inc scores 5.39, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($10.7B) relative to total liabilities ($1.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
4/9

Biomarin Pharmaceutical Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
2.37x

For every $1 of reported earnings, Biomarin Pharmaceutical Inc generates $2.37 in operating cash flow ($828.0M OCF vs $348.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
37.6x

Biomarin Pharmaceutical Inc earns $37.6 in operating income for every $1 of interest expense ($409.5M vs $10.9M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.2B
YoY+12.9%
5Y CAGR+11.6%
10Y CAGR+13.7%

Biomarin Pharmaceutical Inc generated $3.2B in revenue in fiscal year 2025. This represents an increase of 12.9% from the prior year.

EBITDA
$489.0M
YoY-15.8%
5Y CAGR+51.3%

Biomarin Pharmaceutical Inc's EBITDA was $489.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.8% from the prior year.

Net Income
$348.9M
YoY-18.3%
5Y CAGR-16.4%

Biomarin Pharmaceutical Inc reported $348.9M in net income in fiscal year 2025. This represents a decrease of 18.3% from the prior year.

EPS (Diluted)
$1.80
YoY-18.6%
5Y CAGR-16.7%

Biomarin Pharmaceutical Inc earned $1.80 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 18.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$725.0M
YoY+48.7%

Biomarin Pharmaceutical Inc generated $725.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 48.7% from the prior year.

Cash & Debt
$1.3B
YoY+39.1%
5Y CAGR+15.1%
10Y CAGR+12.7%

Biomarin Pharmaceutical Inc held $1.3B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
192M
YoY+0.8%
5Y CAGR+1.1%
10Y CAGR+1.8%

Biomarin Pharmaceutical Inc had 192M shares outstanding in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Margins & Returns

Gross Margin
77.7%
YoY-1.9pp
5Y CAGR+5.9pp
10Y CAGR-5.2pp

Biomarin Pharmaceutical Inc's gross margin was 77.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.

Operating Margin
12.7%
YoY-4.3pp
5Y CAGR+15.0pp
10Y CAGR+25.1pp

Biomarin Pharmaceutical Inc's operating margin was 12.7% in fiscal year 2025, reflecting core business profitability. This is down 4.3 percentage points from the prior year.

Net Margin
10.8%
YoY-4.1pp
5Y CAGR-35.1pp
10Y CAGR+30.1pp

Biomarin Pharmaceutical Inc's net profit margin was 10.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.

Return on Equity
5.7%
YoY-1.8pp
5Y CAGR-15.1pp
10Y CAGR+12.9pp

Biomarin Pharmaceutical Inc's ROE was 5.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending
$921.9M
YoY+23.4%
5Y CAGR+8.0%
10Y CAGR+3.8%

Biomarin Pharmaceutical Inc invested $921.9M in research and development in fiscal year 2025. This represents an increase of 23.4% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$103.0M
YoY+20.6%
5Y CAGR-2.1%
10Y CAGR-7.6%

Biomarin Pharmaceutical Inc invested $103.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.6% from the prior year.

BMRN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $874.6M+12.7% $776.1M-6.0% $825.4M+10.8% $745.1M-0.3% $747.3M+0.2% $745.7M+4.7% $712.0M+9.7% $648.8M
Cost of Revenue $275.7M+96.8% $140.1M-6.7% $150.1M-1.0% $151.6M+11.3% $136.1M-27.8% $188.5M+44.5% $130.5M+4.2% $125.2M
Gross Profit $598.9M-5.8% $636.0M-5.8% $675.3M+13.8% $593.6M-2.9% $611.2M+9.7% $557.3M-4.2% $581.6M+11.1% $523.7M
R&D Expenses $192.4M-53.0% $409.5M+153.8% $161.3M+1.6% $158.7M-8.5% $173.5M-6.2% $184.9M+0.6% $183.8M-10.3% $205.0M
SG&A Expenses $446.2M+66.2% $268.4M+15.6% $232.3M+12.7% $206.1M-22.7% $266.6M+5.2% $253.5M-3.6% $263.0M+16.4% $225.9M
Operating Income -$44.6M+4.5% -$46.7M-116.9% $276.9M+23.7% $223.9M+38.7% $161.4M+41.7% $113.9M-5.4% $120.5M+36.2% $88.5M
Interest Expense $2.8M+7.7% $2.6M-3.7% $2.7M-6.4% $2.9M+11.1% $2.6M-13.2% $3.0M-17.0% $3.6M+0.8% $3.5M
Income Tax $19.4M+339.4% $4.4M-92.3% $57.3M+9.4% $52.4M+17.2% $44.7M+57.6% $28.4M+13.6% $25.0M+47.8% $16.9M
Net Income -$46.6M-51.5% -$30.7M-112.8% $240.5M+29.5% $185.7M+48.6% $124.9M+17.8% $106.1M-1.0% $107.2M+20.9% $88.7M
EPS (Diluted) N/A $-0.16-113.0% $1.23+29.5% $0.95 N/A $0.550.0% $0.55+19.6% $0.46

BMRN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $7.6B-0.3% $7.6B+2.1% $7.5B+4.3% $7.1B+2.3% $7.0B+2.0% $6.9B-3.1% $7.1B+2.8% $6.9B
Current Assets $4.0B+2.6% $3.9B+1.3% $3.8B+9.7% $3.5B+7.3% $3.2B+5.8% $3.1B-6.2% $3.3B+9.2% $3.0B
Cash & Equivalents $1.3B+4.9% $1.3B+3.0% $1.2B+15.7% $1.0B+11.2% $942.8M+39.6% $675.4M-30.5% $972.1M+30.1% $747.0M
Inventory $1.3B-6.0% $1.4B+3.1% $1.3B+5.1% $1.3B+3.4% $1.2B+4.5% $1.2B-0.4% $1.2B+4.0% $1.1B
Accounts Receivable $908.2M+14.9% $790.3M-7.7% $855.9M+15.8% $739.2M+11.9% $660.5M-15.0% $777.5M+12.5% $691.2M+8.5% $637.2M
Goodwill $196.2M0.0% $196.2M0.0% $196.2M0.0% $196.2M0.0% $196.2M0.0% $196.2M0.0% $196.2M0.0% $196.2M
Total Liabilities $1.5B-3.3% $1.6B+9.0% $1.4B+5.6% $1.4B+1.7% $1.3B-7.4% $1.4B-19.3% $1.8B-1.0% $1.8B
Current Liabilities $759.0M-4.9% $798.4M+16.7% $684.2M+8.9% $628.2M+3.5% $607.0M-15.2% $715.7M-32.9% $1.1B-1.9% $1.1B
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $6.1B+0.5% $6.1B+0.5% $6.0B+4.0% $5.8B+2.4% $5.7B+4.5% $5.4B+2.4% $5.3B+4.2% $5.1B
Retained Earnings $154.2M-23.2% $200.8M-13.3% $231.5M+2669.9% -$9.0M+95.4% -$194.7M+39.1% -$319.6M+24.9% -$425.7M+20.1% -$532.9M

BMRN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $99.6M-73.0% $368.7M+99.0% $185.3M+6.2% $174.4M-6.1% $185.6M-16.2% $221.5M+86.5% $118.8M+152.8% $47.0M
Capital Expenditures $40.7M+43.2% $28.4M+66.3% $17.1M+2.0% $16.8M-14.1% $19.5M+5.8% $18.5M-13.4% $21.3M-18.3% $26.1M
Free Cash Flow $58.9M-82.7% $340.2M+102.3% $168.2M+6.7% $157.6M-5.1% $166.1M-18.2% $203.0M+108.4% $97.4M+366.9% $20.9M
Investing Cash Flow -$42.4M+87.2% -$331.0M-2528.4% -$12.6M+55.4% -$28.2M-137.0% $76.4M+572.9% -$16.2M-117.9% $90.5M+735.6% -$14.2M
Financing Cash Flow $3.2M+245.6% -$2.2M+52.9% -$4.6M+88.1% -$38.8M-1456.4% $2.9M+100.6% -$499.1M-4057.5% $12.6M+129.5% -$42.8M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

BMRN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 68.5%-13.5pp 82.0%+0.1pp 81.8%+2.2pp 79.7%-2.1pp 81.8%+7.1pp 74.7%-7.0pp 81.7%+1.0pp 80.7%
Operating Margin -5.1%+0.9pp -6.0%-39.6pp 33.6%+3.5pp 30.0%+8.4pp 21.6%+6.3pp 15.3%-1.6pp 16.9%+3.3pp 13.6%
Net Margin -5.3%-1.4pp -4.0%-33.1pp 29.1%+4.2pp 24.9%+8.2pp 16.7%+2.5pp 14.2%-0.8pp 15.0%+1.4pp 13.7%
Return on Equity -0.8%-0.3pp -0.5%-4.5pp 4.0%+0.8pp 3.2%+1.0pp 2.2%+0.3pp 2.0%-0.1pp 2.0%+0.3pp 1.8%
Return on Assets -0.6%-0.2pp -0.4%-3.6pp 3.2%+0.6pp 2.6%+0.8pp 1.8%+0.2pp 1.6%+0.0pp 1.5%+0.2pp 1.3%
Current Ratio 5.21+0.4 4.83-0.7 5.56+0.0 5.52+0.2 5.33+1.1 4.27+1.2 3.05+0.3 2.74
Debt-to-Equity 0.250.0 0.26+0.0 0.240.0 0.230.0 0.24-0.0 0.27-0.1 0.34-0.0 0.35
FCF Margin 6.7%-37.1pp 43.8%+23.5pp 20.4%-0.8pp 21.1%-1.1pp 22.2%-5.0pp 27.2%+13.5pp 13.7%+10.5pp 3.2%

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Frequently Asked Questions

Biomarin Pharmaceutical Inc (BMRN) reported $3.2B in total revenue for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Biomarin Pharmaceutical Inc (BMRN) revenue grew by 12.9% year-over-year, from $2.9B to $3.2B in fiscal year 2025.

Yes, Biomarin Pharmaceutical Inc (BMRN) reported a net income of $348.9M in fiscal year 2025, with a net profit margin of 10.8%.

Biomarin Pharmaceutical Inc (BMRN) reported diluted earnings per share of $1.80 for fiscal year 2025. This represents a -18.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Biomarin Pharmaceutical Inc (BMRN) had EBITDA of $489.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Biomarin Pharmaceutical Inc (BMRN) had a gross margin of 77.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Biomarin Pharmaceutical Inc (BMRN) had an operating margin of 12.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Biomarin Pharmaceutical Inc (BMRN) had a net profit margin of 10.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Biomarin Pharmaceutical Inc (BMRN) has a return on equity of 5.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Biomarin Pharmaceutical Inc (BMRN) generated $725.0M in free cash flow during fiscal year 2025. This represents a 48.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Biomarin Pharmaceutical Inc (BMRN) generated $828.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Biomarin Pharmaceutical Inc (BMRN) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Biomarin Pharmaceutical Inc (BMRN) invested $103.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Biomarin Pharmaceutical Inc (BMRN) invested $921.9M in research and development during fiscal year 2025.

Biomarin Pharmaceutical Inc (BMRN) had 192M shares outstanding as of fiscal year 2025.

Biomarin Pharmaceutical Inc (BMRN) had a current ratio of 5.21 as of fiscal year 2025, which is generally considered healthy.

Biomarin Pharmaceutical Inc (BMRN) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Biomarin Pharmaceutical Inc (BMRN) had a return on assets of 4.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Biomarin Pharmaceutical Inc (BMRN) has an Altman Z-Score of 5.39, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Biomarin Pharmaceutical Inc (BMRN) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Biomarin Pharmaceutical Inc (BMRN) has an earnings quality ratio of 2.37x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Biomarin Pharmaceutical Inc (BMRN) has an interest coverage ratio of 37.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Biomarin Pharmaceutical Inc (BMRN) scores 68 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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