earnings
confidence high
sentiment positive
materiality 0.60
BeOne Medicines reports FY2025 revenue $5.34B, R&D spend $2.15B
BeOne Medicines Ltd.
2026-Q1 EPS reported
$0.15
revenue$1,513,438,000
- Revenue $5.34B, up 40% YoY; gross margin 87.5% (China 66.6%, ex-China 97.0%)
- R&D total $2.15B, up 10% YoY; largest pipeline: sonrotoclax $176.7M, BRUKINSA $97.6M
- Key product production 6.27M vials, sales 5.99M vials; inventory 2.91M vials at Dec 31, 2025
- U.S. GAAP vs PRC GAAP differences: stock compensation and lease accounting treatments vary