BIOMARIN PHARMACEUTICAL INC(BMRN)Stock Analysis
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Rank #167 of 2,879 stocksTOP 10%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
BMRN Stock Analysis & AI Quality Score
AI stock analysis and institutional research for BIOMARIN PHARMACEUTICAL INC (BMRN), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores BMRN at 74.1/100 on a 32-signal composite quality model, placing it at rank #167 of 2,879 stocks — the top 10% of the AI-ranked universe. BMRN scores in the top quartile across free cash flow (84.5), earnings quality (82.9), profitability (82.7). Shareholder dilution risk is elevated at 24.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), BIOMARIN PHARMACEUTICAL INC reports quarterly revenue of $766.2M, net income of $105.5M, free cash flow of $199.7M. Top institutional holders of BMRN by reported 13-F value include BlackRock,, DODGE & COX, PRIMECAP MANAGEMENT CO/CA/, based on the most recent SEC filings. BMRN trades on the Nasdaq exchange and files with the SEC under CIK 1048477. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BMRN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for BIOMARIN PHARMACEUTICAL INC directly from SEC EDGAR. BIOMARIN PHARMACEUTICAL INC's 13F Pro composite quality score has ranged between 8 and 80 since 2021, currently 74.1 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving BMRN's Business? Latest 10-Q Breakdown
AI-extracted from BIOMARIN PHARMACEUTICAL INC's 10-Q filed 2026-05-05 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
BioMarin's Q1 2026 net income fell 43% YoY to $105.5M on $766.2M revenue (+3% YoY) as gross margin compressed 5.2 points due to NAGLAZYME manufacturing charge; Amicus acquisition closed April 2026 for $4.8B.
Biggest Revenue Drivers
Total revenue: $766.2M+3% YoY
Higher sales volume from new patients initiating therapy across all regions
Higher sales volume due to timing of orders in countries that place large government orders, primarily Middle East and Latin America
Higher sales volume due to timing of orders in countries placing large government orders
PALYNZIQ down 4%, ALDURAZYME down 25%, ROCTAVIAN down 75%, partially offset by BRINEURA up 17% and KUVAN flat
Largest Expense Items
$31.0M charge associated with unsuccessful process qualification campaign to expand NAGLAZYME manufacturing capabilities
Higher spend on BMN 401, a later-stage clinical program acquired in Q3 2025
Increased spending on global expansion of Enzyme Therapies and VOXZOGO, plus pre-close costs related to Amicus acquisition
Watch Items from the Filing
- Three customers represent 15%, 11%, and 10% of Q1 2026 product revenues (36% combined); government order timing creates significant period-to-period variation.
- Amicus acquisition closed April 2026 for $4.8B total equity value plus $433M debt repayment, financed with $2.8B secured term loans and $850M 2034 Notes, raising total indebtedness to ~$4.3B post-close.
- DOJ subpoena received regarding sponsored testing programs for VIMIZIM and NAGLAZYME; company cooperating but unable to assure outcome of investigation.
- ROCTAVIAN voluntarily withdrawn from market in Q1 2026; $240.0M restructuring charge recorded in 2025 related to inventory write-off, asset impairment, and severance.
- 2027 Notes of $600M outstanding due May 2027 if not converted; company will need to refinance or repay in cash alongside new $2.8B term loan obligations.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$766.2M
Net Income
Q1 2026
$105.5M
Free Cash Flow
Q1 2026
$199.7M
ROIC
Q1 2026
1.7%
D/E Ratio
Q1 2026
0.23
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+15.4% YoYNet Income
+18.4% YoYOperating Income
+15.4% YoYEPS (Diluted)
+16.0% YoYTotal Assets
+7.3% YoYOp. Cash Flow
-9.5% YoY| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $2.42B +15.4% | $2.10B +13.5% | $1.85B -0.8% | $1.86B +41.6% | $1.31B +17.6% | $1.12B |
| Net Income | $167.6M +18.4% | $141.6M +320.9% | $-64.1M -107.5% | $854.0M +829.7% | $-117.0M +81.4% | $-630.2M |
| Operating Income | $185.8M +15.4% | $161.0M +295.5% | $-82.3M -89.6% | $-43.4M -195.5% | $-14.7M +98.2% | $-803.4M |
| EPS (Diluted) | $0.87 +16.0% | $0.75 +314.3% | $-0.35 -107.8% | $4.50 +771.6% | $-0.67 +82.4% | $-3.81 |
| Total Assets | $6.84B +7.3% | $6.38B +6.2% | $6.00B +2.7% | $5.85B +26.2% | $4.63B +15.1% | $4.02B |
| Operating Cash Flow | $159.3M -9.5% | $175.9M -42.2% | $304.5M +256.7% | $85.4M +1074.8% | $-8.8M +96.2% | $-227.8M |
AI Insight: BMRN Financial Trends
Sharp profitability collapse in late 2025 reversed in Q1 2026, but debt emerged and revenue remains volatile.
• Net income swung from $241M profit in Q2 2025 to $31M loss in Q3 2025, then $47M loss in Q4 2025, recovering to $106M in Q1 2026.
• Operating margin deteriorated from 33.6% in Q2 2025 to negative 6.1% in Q3 2025, rebounding to 17.0% in Q1 2026.
• Revenue grew 15.6% from Q2 2025 ($825M) to Q1 2026 ($766M baseline), but Q4 2025 spike to $875M was not sustained.
⚠ Total debt of $1,430M appeared for first time in Q1 2026; equity rose only 6.2% since Q2 2025 amid operational stress.
⚠ Operating cash flow surged to $369M in Q3 2025 despite $47M operating loss — timing or one-time benefit warrant scrutiny.
AI Insight: BMRN Ratio Trends
BMRN swung from 33.6% operating margins in Q2 2025 to losses in Q3–Q4 2025, recovering only to 16.9% in Q1 2026—a structural profitability cliff.
• Operating margin collapsed to -6.0% in Q3 2025 and -5.1% in Q4 2025, erasing 39.6pp from Q2 2025's 33.6% peak.
• Q1 2026 shows partial recovery: OpMargin rebounded to 16.9%, NPM to 13.8%, and ROIC to 6.8%, but remain well below pre-loss levels.
• TTM metrics (OpMargin 9.7%, ROIC 4.1%) reflect drag from consecutive loss quarters; leverage stable at D/E 0.23.
⚠ Q3–Q4 2025 losses suggest one-time charge, restructuring, or major product/R&D setback. Root cause critical to assess Q1 2026 recovery durability.
⚠ Q1 2026 margin recovery is encouraging, but still 13pp below Q1 2025's 30% peak. Sustainability uncertain.
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Top Institutional Holders of BMRN
BlackRock, Inc.
$1.1B19,818,301 shDODGE & COX
$822.6M14,561,759 shPRIMECAP MANAGEMENT CO/CA/
$801.8M14,194,005 shVANGUARD CAPITAL MANAGEMENT LLC
$488.3M8,643,164 shVANGUARD PORTFOLIO MANAGEMENT LLC
$468.8M8,298,475 shAQR CAPITAL MANAGEMENT LLC
$429.3M7,676,541 shSTATE STREET CORP
$412.1M7,295,079 shVIKING GLOBAL INVESTORS LP
$398.9M7,062,077 shCITADEL ADVISORS LLC
$254.9M4,512,634 shGEODE CAPITAL MANAGEMENT, LLC
$215.8M3,819,441 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.1B | 19,818,301 |
| DODGE & COX | $822.6M | 14,561,759 |
| PRIMECAP MANAGEMENT CO/CA/ | $801.8M | 14,194,005 |
| VANGUARD CAPITAL MANAGEMENT LLC | $488.3M | 8,643,164 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $468.8M | 8,298,475 |
| AQR CAPITAL MANAGEMENT LLC | $429.3M | 7,676,541 |
| STATE STREET CORP | $412.1M | 7,295,079 |
| VIKING GLOBAL INVESTORS LP | $398.9M | 7,062,077 |
| CITADEL ADVISORS LLC | $254.9M | 4,512,634 |
| GEODE CAPITAL MANAGEMENT, LLC | $215.8M | 3,819,441 |
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Is BMRN a good stock to buy?
13F Pro's AI-powered analysis of BIOMARIN PHARMACEUTICAL INC (BMRN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BMRN are available on the BMRN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own BMRN?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BMRN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of BIOMARIN PHARMACEUTICAL INC's investment landscape.