BIOMARIN PHARMACEUTICAL INC
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BMRN FY 2025 request
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Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 3,221,253 | 2,853,915 | +12.9% |
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| ALDURAZYME | 208,508 | 183,887 | +13.4% |
| ALDURAZYME · Sales Channel Through Intermediary | 208,508 | 183,887 | +13.4% |
| BRINEURA | 186,397 | 169,083 | +10.2% |
| KUVAN | 99,530 | 120,902 | -17.7% |
| NAGLAZYME | 485,400 | 479,584 | +1.2% |
| PALYNZIQ | 433,310 | 355,047 | +22.0% |
| Product | 3,167,759 | 2,809,445 | +12.8% |
| Products excluding ALDURAZYME · Europe | 874,331 | 829,031 | +5.5% |
| Products excluding ALDURAZYME · Latin America | 435,478 | 378,084 | +15.2% |
| Products excluding ALDURAZYME · Rest of world | 544,469 | 493,633 | +10.3% |
| Products excluding ALDURAZYME · Sales Channel Directly To Consumer | 2,959,251 | 2,625,558 | +12.7% |
| Products excluding ALDURAZYME · US | 1,104,973 | 924,810 | +19.5% |
| ROCTAVIAN | 35,640 | 26,066 | +36.7% |
| Royalty and other revenues | 53,494 | 44,470 | +20.3% |
| VIMIZIM | 792,051 | 739,784 | +7.1% |
| VOXZOGO | 926,923 | 735,092 | +26.1% |
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| Reportable Segment | 3,221,253 | 2,853,915 | +12.9% |
| Cost of Revenue | 717,442 | 580,235 | +23.6% |
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| Reportable Segment | 717,442 | 580,235 | +23.6% |
| Research & Development | 921,930 | 747,184 | +23.4% |
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| Later-stage clinical programs · Reportable Segment | 308,334 | 27,581 | +1017.9% |
| Marketed products · Reportable Segment | 229,891 | 285,580 | -19.5% |
| Research and early pipeline · Reportable Segment | 383,705 | 434,023 | -11.6% |
| Selling, General & Administrative | 1,153,017 | 1,009,025 | +14.3% |
| Amortization Of Intangible Assets | 19,386 | 43,257 | -55.2% |
| Total Costs & Expenses | 2,811,775 | 2,369,701 | +18.7% |
| Operating Income | 409,478 | 484,214 | -15.4% |
| Interest Income | 74,904 | 74,883 | 0.0% |
| Interest Expense | -10,899 | -12,666 | +14.0% |
| Other Operating Income Expense Net | 8,997 | -4,668 | +292.7% |
| Income Before Taxes | 482,480 | 541,763 | -10.9% |
| Income Tax Expense (Benefit) | 133,579 | 114,904 | +16.3% |
| Net Income | 348,901 | 426,859 | -18.3% |
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| Reportable Segment | 348,901 | 426,859 | -18.3% |
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| Retained Earnings | 348,901 | 426,859 | -18.3% |
| EPS (Basic) | 1.82 | 2.25 | -19.1% |
| EPS (Diluted) | 1.8 | 2.21 | -18.6% |
| Wtd Avg Shares (Basic) | 191,787 | 190,027 | +0.9% |
| Wtd Avg Shares (Diluted) | 197,394 | 196,708 | +0.3% |
| Sales & Marketing (FY) | — | — | — |
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| Reportable Segment | 530,156 | 476,739 | +11.2% |
| General & Administrative (FY) | — | — | — |
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| Reportable Segment | 622,861 | 532,286 | +17.0% |
| Comprehensive Income | 273,775 | 517,300 | -47.1% |
| Other Comprehensive Income | -75,126 | 90,441 | -183.1% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -77,068 | 89,482 | -186.1% |
| Accumulated Net Unrealized Investment Gain Loss | 1,942 | 959 | +102.5% |
| Accumulated Other Comprehensive Income | -75,126 | 90,441 | -183.1% |
| Foreign Currency Transaction Gain Loss Before Tax | 6.1 | 8.6 | -29.1% |
| Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | -92,542 | 104,354 | -188.7% |
| Interest Expense (FY) | — | — | — |
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| Convertible Debt | 9,549 | 12,730 | -25.0% |
| Net Income Loss Available To Common Stockholders Basic | 348,901 | 426,859 | -18.3% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,311,679 | 942,842 | +39.1% |
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| Fair Value Inputs Level2 | 895,919 | 613,223 | +46.1% |
| Fair Value Inputs Level2 · Money Market Funds | 895,919 | 613,223 | +46.1% |
| Available For Sale Securities Debt Securities Current | 248,930 | 194,864 | +27.7% |
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| Fair Value Inputs Level2 | 248,930 | 194,864 | +27.7% |
| Fair Value Inputs Level2 · Asset Backed Securities | 249 | 25,864 | -99.0% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 189,566 | 168,104 | +12.8% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 59,115 | 896 | +6497.7% |
| Accounts Receivable | 908,214 | 660,535 | +37.5% |
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| Customer | 148 | 96.8 | +52.9% |
| Inventory | 1,298,883 | 1,232,653 | +5.4% |
| Other Assets Current | 185,784 | 201,533 | -7.8% |
| Total Current Assets | 3,953,490 | 3,232,427 | +22.3% |
| Non-Current Assets | |||
| Available For Sale Securities Debt Securities Noncurrent | 492,242 | 521,238 | -5.6% |
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| Fair Value Inputs Level2 | 492,242 | 521,238 | -5.6% |
| Fair Value Inputs Level2 · Asset Backed Securities | 57,854 | 112,663 | -48.6% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 286,289 | 337,118 | -15.1% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 148,099 | 71,457 | +107.3% |
| Property, Plant & Equipment | 952,508 | 1,043,041 | -8.7% |
| Intangible Assets Net Excluding Goodwill | 213,837 | 255,278 | -16.2% |
| Goodwill | 196,199 | 196,199 | 0.0% |
| Deferred Tax Assets | 1,508,697 | 1,489,366 | +1.3% |
| Other Non-Current Assets | 277,049 | 251,391 | +10.2% |
| Total Assets | 7,594,022 | 6,988,940 | +8.7% |
| Operating Lease Right-of-Use Assets | 35,243 | 28,680 | +22.9% |
| Intangible Assets | 213,837 | 255,278 | -16.2% |
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| Acquired intellectual property | 127,163 | — | — |
| License payments | 3,277 | — | — |
| Technology transfer | 83,397 | — | — |
| Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current | 759,031 | 606,988 | +25.0% |
| Total Current Liabilities | 759,031 | 606,988 | +25.0% |
| Non-Current Liabilities | |||
| Convertible Debt Noncurrent | 597,176 | 595,138 | +0.3% |
| Other Non-Current Liabilities | 150,816 | 128,824 | +17.1% |
| Total Liabilities | 1,507,023 | 1,330,950 | +13.2% |
| Operating Lease Liabilities | 36,576 | 30,501 | +19.9% |
| Stockholders' Equity | |||
| Common Stock | 192 | 191 | +0.5% |
| Additional Paid In Capital Common Stock | 5,956,582 | 5,802,068 | +2.7% |
| Common Stock Issued Employee Stock Trust | -10,508 | -11,227 | +6.4% |
| Accumulated Other Comprehensive Income | -13,473 | 61,653 | -121.9% |
| Retained Earnings | 154,206 | -194,695 | +179.2% |
| Total Stockholders' Equity | 6,086,999 | 5,657,990 | +7.6% |
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| Accumulated Gain Loss Net Cash Flow Hedge Parent | -17,244 | 59,824 | -128.8% |
| Accumulated Net Unrealized Investment Gain Loss | 3,771 | 1,829 | +106.2% |
| Accumulated Other Comprehensive Income | -13,473 | 61,653 | -121.9% |
| Additional Paid In Capital | 5,956,582 | 5,802,068 | +2.7% |
| Common Stock | 192 | 191 | +0.5% |
| Deferred Compensation Share Based Payments | -10,508 | -11,227 | +6.4% |
| Retained Earnings | 154,206 | -194,695 | +179.2% |
| Total Liabilities & Equity | 7,594,022 | 6,988,940 | +8.7% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 79,557 | 96,426 | -17.5% |
| Amortization Of Financing Costs And Discounts | 2,622 | 3,359 | -21.9% |
| Accretion Amortization Of Discounts And Premiums Investments | -4,801 | -8,345 | +42.5% |
| Stock-Based Compensation | 181,409 | 201,571 | -10.0% |
| Asset Impairment Charges | 125,012 | 19,889 | +528.5% |
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| Discontinuation of ROCTAVIAN | 118,522 | — | — |
| Inventory Write Down | 119,208 | — | — |
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| Discontinuation of ROCTAVIAN | 119,208 | — | — |
| Deferred Income Taxes | 48,738 | 56,096 | -13.1% |
| Foreign Currency Transaction Gain Loss Unrealized | 4,459 | -16,753 | +126.6% |
| Research And Development Asset Acquired Other Than Through Business Combination Written Off | 220,963 | — | — |
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| Inozyme Pharma Inc | 221 | — | — |
| Other Non-Cash Items | -4,414 | 20,135 | -121.9% |
| Change in Accounts Receivable | -228,054 | -57,909 | -293.8% |
| Change in Inventory | -116,929 | -63,530 | -84.1% |
| Increase Decrease In Other Current Assets | 8,891 | -3,778 | +335.3% |
| Increase Decrease In Other Noncurrent Assets | -38,573 | -73,700 | +47.7% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 66,136 | -32,240 | +305.1% |
| Increase Decrease In Other Operating Liabilities | 14,869 | 14,761 | +0.7% |
| Net Cash from Operations | 827,994 | 572,841 | +44.5% |
| Investing Activities | |||
| Capital Expenditures | -103,038 | -85,424 | -20.6% |
| Proceeds From Sale Maturity And Collections Of Investments | 337,801 | 633,018 | -46.6% |
| Payments To Acquire Investments | -355,875 | -410,250 | +13.3% |
| Payments To Acquire Intangible Assets | -7,937 | -11,994 | +33.8% |
| Payments For Asset Acquisitions Net Of Cash Acquired | -285,193 | — | — |
| Net Cash from Investing | -414,242 | 136,491 | -403.5% |
| Capital Expenditures Incurred But Not Yet Paid Fixed Assets | 3,780 | 3,751 | +0.8% |
| Capital Expenditures Incurred But Not Yet Paid Intangible Assets | 1,247 | 6,327 | -80.3% |
| Financing Activities | |||
| Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options | 14,460 | 49,277 | -70.7% |
| Tax Withholding for Share Compensation | -55,965 | -77,560 | +27.8% |
| Proceeds From Payments For Other Financing Activities | -889 | -3,177 | +72.0% |
| Net Cash from Financing | -42,394 | -526,447 | +91.9% |
| Amortization of Financing Costs (FY) | — | — | — |
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| Convertible Debt | 107 | 391 | -72.6% |
| Supplemental | |||
| Interest Paid | 7,245 | 10,361 | -30.1% |
| Income Taxes Paid | 96,205 | 57,269 | +68.0% |
| Income Taxes Paid | 96,205 | — | — |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations | -2,521 | 4,830 | -152.2% |
| Net Change in Cash | 368,837 | 187,715 | +96.5% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,311,679 | 942,842 | +39.1% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.