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Financial statements

BridgeBio Pharma, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data BridgeBio Pharma, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue40.68.2569.777.69.3222502
Cost of revenue3.113.432.453.8821
Gross profit66.674.26.86218481
Research and development30.6140210337451399456506452
Selling, general and administrative94.4146192143151289531
General and administrative13.343.694.4146
Operating expenses43.9184307483
Operating income-43.9-184-266-474-577-512-607-593-523
Interest expense0.012.558.7736.746.880.481.39153.1
Interest income0.0428.924.021.137.541817.219.9
Other non-operating income0.0314.2-22.3-31-9.8227.6-45.950.8-209
Pre-tax income43.8169289505-586-485-653-542-733
Income tax001.150.44
Net income to minority interests-13.3-38.7-28-56.8-23.9-3.47-10-7.59-8.01
Net income-30.6-131-261-449-563-481-643-536-725
EBITDA-265-473-571-505-601-587-518
EPS, basic-1.00-2.12-2.48-3.80-3.90-3.26-3.95-2.88-3.78
EPS, diluted-1.00-2.12-2.48-3.80-3.90-3.26-3.95-2.88-3.78
Shares, basic (weighted)30.661.8105118144147163186192
Shares, diluted (weighted)30.661.8105118144147163186192

Balance sheet

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents92436364356394377376681570
Short-term investments18225139451.60017.4
Receivables1.754.72139
Inventory026.8
Other current assets2.0519.835.732.321.924.334.944.1
Total current assets445569643889549478721798
Property, plant and equipment1.585.6320.330.114.611.87.015.37
Lease right-of-use assets1016.515.910.78.035.778.15
Intangible assets044.928.726.323.928.1
Long-term investments31.1
Other non-current assets1.0926.323.93320.222.618.216.7
Total assets4656327041,013623546919936
Accounts payable13.58.858.9511.911.610.79.6236.2
Accrued liabilities2.13.0229.73731.357.458.376.7
Deferred revenue08.166.114.67.19
Short-term debt1.46
Total current liabilities32.660.495.6135121144154288
Long-term debt54.591.892.4431431446437
Lease liabilities14.717.412.38.984.73.81
Other non-current liabilities0.53.539.5222.126.65.630.290.24
Total liabilities87.61565961,8781,8681,8892,3773,013
Total debt54.595.493.94314314464372,007
Paid-in capital1344948481,0218429391,4811,9032,058
Retained earnings-48.7-179-440-889-1,437-1,918-2,561-3,096-3,821
Treasury stock-75-275-275-275-275-323
Other comprehensive income0.250.19-0.13-0.330.030.010.01
Shareholders' equity85.931540857.9-870-1,255-1,354-1,468-2,087
Minority interests2.562.465.348.43.4111.311.210.210.6
Total equity88.3377474106-867-1,243-1,343-1,458-2,076
Total liabilities and equity4656327041,013623546919936
Shares outstanding92.1124123147151175190195

Cash flow statement

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-43.8-169-289-505-586-485-653-543-733
Depreciation and amortization0.861.465.846.776.496.085.43
Stock-based compensation1.846.0721.458.599.591.610995.8133
Deferred income tax000
Change in receivables15.215.3-2.97-135
Change in inventory00-25.3
Change in payables1.5816.7-4.66-0.742.83-0.352.781.5126.6
Cash from operations-40.5-137-254-400-498-419-528-521-446
Capital expenditures-0.46-2.18-2.64-7.52-13.2-4.82-1.31-0.93-1.1
Purchases of investments-213-288-590-137-29.7-93.8-28.2
Sales and maturities of investments24938048082.695
Cash from investing-0.46-21-217-53-2014535460.8-24.5
Debt issued41
Debt repaid-1.10-124-20.50-473
Stock issued0.140.441.79004.854503150
Share buybacks-75-200000-48.3
Dividends paid-1.15-1
Cash from financing113502399447736-13.1452748359
Net change in cash72344-72-5.5237.720.5-22.2289-111
Free cash flow-41-139-256-407-511-424-529-522-447
Interest paid1.576.0915.329.854.461.191.343.7
Income taxes paid001.2

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $65.57 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin94.4%Gross profit / revenue.
Operating margin-69.8%Operating income / revenue.
EBITDA margin-69.1%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-97.0%Net income / revenue.
FCF margin-61.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-60.9%Cash from operations / revenue.
Return on assets (ROA)-56.8%Net income / average total assets.
R&D / revenue70.9%Research and development expense / revenue.
SG&A / revenue90.6%Selling, general and administrative expense / revenue.
Stock-based pay / revenue20.7%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.1%Capital expenditures / revenue.
D&A / revenue0.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y126.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y86.3%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y127.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y120.7%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y86.5%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y1.8%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y14.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y5.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y2.9%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y9.1%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y10.2%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.23xCurrent assets / current liabilities.
Quick ratio1.09x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.81x(Cash + short-term investments) / current liabilities.
Debt / assets217.9%Total debt / total assets.
Liabilities / assets305.9%Total liabilities / total assets.
Net debt$1.93BTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-10.0xOperating income / interest expense.
Working capital$202.5MCurrent assets - current liabilities.
Goodwill and intangibles / assets2.2%(Goodwill + intangible assets) / total assets.
Tangible book value-$2.54BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.59xRevenue / average total assets.
Fixed asset turnover136xRevenue / average property, plant and equipment.
Inventory turnover0.75xCost of revenue / average inventory.
Days inventory486 days365 x average inventory / cost of revenue.
Receivables turnover2.80xRevenue / average receivables.
Days sales outstanding130 days365 x average receivables / revenue.
Days payables250 days365 x average accounts payable / cost of revenue.
Cash conversion cycle366 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$3.53Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$3.64Revenue / diluted weighted shares.
FCF per share-$2.22Free cash flow / diluted weighted shares.
Operating cash flow per share-$2.22Cash from operations / diluted weighted shares.
Book value per share-$12.88Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$13.02Tangible book value / shares outstanding.
Cash per share$3.69(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$12.82BShare price x shares outstanding.
Enterprise value$14.75BMarket cap + total debt - cash - short-term investments.
P/S18.0xMarket cap / revenue.
EV/Sales20.7xEnterprise value / revenue.
FCF yield-3.4%Free cash flow / market cap.
Earnings yield-5.4%Net income / market cap (the inverse of P/E).
Shareholder yield1.6%(Dividends paid + share buybacks) / market cap.
What was BridgeBio Pharma, Inc.'s revenue in fiscal 2025?

BridgeBio Pharma, Inc. reported revenue of $502.1M for fiscal 2025, 126.3% higher than the year before.

Was BridgeBio Pharma, Inc. profitable in fiscal 2025?

No. It reported a net loss of $724.9M.

How much free cash flow did BridgeBio Pharma, Inc. generate in fiscal 2025?

Cash from operations of $445.9M minus capital expenditures of $1.1M left free cash flow of -$447.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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