Harmony Biosciences Holdings, Inc. HRMY R2K
Harmony Biosciences Holdings, Inc., a commercial-stage pharmaceutical company, focuses on developing and commercializing therapies for patients with rare neurological diseases in the United States. The company offers WAKIX (pitolisant), a molecule with a novel mechanism of action for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. It also develops Pitolisant that is in Phase 3 clinical trial for the treatment of Prader-Willi Syndrome (PWS); in Phase 2 clinical trial to treat Myotonic Dystrophy (DM1); and is in Phase 2 clinical trials for the treatment of Pitolisant Gastro-Resistant (GR) and Pitolisant High-Dose (HD). In addition, the company's products under development include BP1.15205, an orexin 2 receptor agonist for the treatment of narcolepsy and other potential indications; and HBS-102, a melanin-concentrating hormone receptor type 1 (MCHR1) antagonist. Further, it develops ZYN-002 that is in a Phase 3 registrational trial for the treatment of Fragile X Syndrome; and 22q Deletion Syndrome, a disorder caused by a small missing piece on the long arm of the 22nd chromosome. Additionally, the company is developing EPX-100 (clemizole hydrochloride), a serotonin (5HT-2) receptor agonist to treat dravet syndrome and lenox-gastaut syndrome; EPX-200 (liquid formulation of lorcaserin), a selective 5HT-2C agonist to treat developmental and epileptic encephalopathies; CBS105 for the treatment-resistant narcolepsy; and CBS104 for refractory epilepsy. The company was formerly known as Harmony Biosciences II, Inc. and changed its name to Harmony Biosciences Holdings, Inc. in February 2020. Harmony Biosciences Holdings, Inc. was incorporated in 2017 and is headquartered in Plymouth Meeting, Pennsylvania.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Healthy ROCE of 22.5%.
- Compounding revenue at 25.6% over 5 years.
- Generates positive free cash flow.
CONS
- Earnings shrank at -4.4% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HRMY Harmony Biosciences Holdings, Inc. R2K | 31.59 | 12.74 | $1.83B | - | 22.53% | 17.86% | 25.64% | -4.37% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 19.84M | 38.01M | 45.61M | 59.67M | 73.82M | 80.73M | 85.31M | 107.03M | 117.21M | 119.13M | 134.22M | 160.27M | 154.62M | 172.81M | - | - | 184.73M | 200.49M | 239.46M | 243.78M | 215.39M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.99M | 38.15M | 59.65M | 68.55M | 44.51M |
| Gross Profit | - | 16.37M | 31.55M | 37.72M | 49.27M | 61.13M | 66.13M | 70.60M | 88.11M | 94.25M | 98.35M | 109.21M | 127.97M | 127.13M | 140.67M | - | - | 152.74M | 162.34M | 179.81M | 175.23M | 170.88M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 96.49M | 114.16M | 114.32M | 136.67M | 133.58M |
| Operating Income | -29.80M | -9.61M | 7.31M | 10.38M | 14.53M | 23.31M | 21.05M | 27.56M | 33.12M | 11.90M | 40.42M | 46.90M | 64.51M | 52.03M | 21.36M | - | - | 56.24M | 48.18M | 65.49M | 38.56M | 37.29M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.98M | 59.25M | 77.08M | 51.74M | 48.89M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.84M | 3.65M | 3.62M | 3.55M | 3.23M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 57.18M | 49.64M | 67.49M | 40.76M | 39.69M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.62M | 9.86M | 16.62M | 18.27M | 7.20M |
| Net Income | -31.90M | -38.62M | -27.00K | 1.91M | 7.39M | 14.12M | -9.62M | 21.48M | 23.53M | 87.94M | 29.48M | 34.30M | 38.46M | 38.33M | 11.59M | - | - | 45.56M | 39.78M | 50.87M | 22.49M | 32.49M |
| Diluted EPS | -5.26 | -6.30 | -1.34 | -0.14 | 0.13 | 0.24 | -0.17 | 0.35 | 0.39 | 1.44 | 0.48 | 0.56 | 0.63 | 0.67 | 0.20 | - | - | 0.78 | 0.68 | 0.87 | 0.38 | 0.55 |
| R&D Expense | 4.34M | 3.43M | 4.17M | 4.23M | 4.68M | 6.50M | 11.74M | 7.58M | 12.67M | 40.55M | 13.29M | 14.97M | 17.50M | 22.19M | 63.58M | 25.39M | - | 34.54M | 50.16M | 54.96M | - | 69.38M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.00M | 159.74M | - | 437.86M | 582.02M | 714.73M | 868.45M |
| Cost of Revenue | - | - | - | 83.48M | 121.24M | 156.81M | 198.34M |
| Gross Profit | 4.42M | 132.00M | - | 354.37M | 460.79M | 557.92M | 670.11M |
| Operating Expenses | - | - | - | 234.19M | 268.76M | 367.09M | 461.64M |
| Operating Income | -145.90M | 16.99M | - | 120.19M | 192.03M | 190.83M | 208.47M |
| EBITDA | - | - | - | 146.87M | 221.51M | 233.41M | 255.05M |
| Interest Expense | - | - | - | 18.80M | 23.76M | 17.50M | 14.65M |
| Pretax Income | - | - | - | 104.69M | 173.40M | 191.80M | 215.06M |
| Tax Provision | - | - | - | -76.78M | 44.54M | 46.31M | 56.38M |
| Net Income | -151.98M | -36.94M | - | 181.47M | 128.85M | 145.49M | 158.69M |
| Diluted EPS | -24.07 | -2.48 | - | 2.97 | 2.13 | 2.51 | 2.71 |
| R&D Expense | 69.59M | 19.45M | 30.37M | 70.89M | 76.06M | 145.82M | 189.59M |
Compounded Sales Growth
| 5 Years: | 25.64% |
| 1 Year: | 16.60% |
Compounded Profit Growth
| 5 Years: | -4.37% |
| 1 Year: | -29.50% |
Stock Price Performance
| 1 Year: | -8.43% |
| 6 Months: | -10.61% |
| 3 Months: | +10.69% |
| 1 Month: | +1.74% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 106.70M | 427.07M | - | 673.87M | 811.45M | 999.20M | 1.27B |
| Current Assets | - | - | - | - | 400.29M | 451.07M | 579.25M | 907.01M |
| Cash & Equivalents | - | 24.46M | 228.63M | - | 243.78M | 311.66M | 453.00M | 752.50M |
| Inventory | - | - | - | - | 4.30M | 5.36M | 7.20M | 5.36M |
| Receivables | - | - | - | - | 54.74M | 74.14M | 83.03M | 96.79M |
| Total Liabilities | - | 118.29M | 329.89M | - | 271.03M | 344.46M | 340.05M | 401.41M |
| Current Liabilities | - | 19.89M | 134.54M | - | 78.88M | 163.78M | 175.08M | 252.13M |
| Long Term Debt | - | 97.95M | 194.25M | - | 189.65M | 178.57M | 163.02M | 143.66M |
| Total Debt | - | - | - | - | 191.65M | 193.57M | 179.27M | 163.66M |
| Total Equity | -242.67M | -422.86M | 97.18M | - | 402.84M | 466.99M | 659.15M | 870.22M |
| Shares Outstanding | - | - | - | - | 59.62M | 56.77M | 57.14M | 57.73M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -75.44M | -2.98M | - | 144.47M | 219.39M | 219.82M | 348.20M |
| Investing Cash Flow | -127.15M | -2.00M | - | -141.83M | -46.44M | -67.48M | -39.65M |
| Financing Cash Flow | 143.77M | 209.16M | - | 6.84M | -105.55M | -11.00M | -9.05M |
| Capital Expenditure | -149.00K | -2.00K | - | -172.00K | -312.00K | -1.15M | -310.00K |
| Free Cash Flow | -75.58M | -2.99M | - | 144.29M | 219.07M | 218.67M | 347.89M |
| Net Change in Cash | - | - | - | 9.47M | 67.40M | 141.34M | 299.50M |
| Share Buybacks | - | 167.00K | - | - | 100.00M | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | 73.7% | 82.6% | - | 80.9% | 79.2% | 78.1% | 77.2% |
| Operating Margin % | -2,433.8% | 10.6% | - | 27.4% | 33.0% | 26.7% | 24.0% |
| Net Margin % | -2,535.1% | -23.1% | - | 41.4% | 22.1% | 20.4% | 18.3% |
| ROE % | 35.9% | -38.0% | - | 45.0% | 27.6% | 22.1% | 18.2% |
| ROCE % | -168.1% | 5.8% | - | 20.2% | 29.6% | 23.2% | 20.4% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 12.21% | 7.07M | $223.34M |
| 2 | FMR, LLC | 5.45% | 3.16M | $99.75M |
| 3 | Vanguard Portfolio Management LLC | 4.69% | 2.71M | $85.75M |
| 4 | American Century Companies Inc | 3.64% | 2.11M | $66.50M |
| 5 | Vanguard Capital Management LLC | 3.63% | 2.10M | $66.41M |
| 6 | Dimensional Fund Advisors LP | 3.59% | 2.08M | $65.60M |
| 7 | LSV Asset Management | 3.50% | 2.03M | $63.97M |
| 8 | SG Americas Securities, LLC | 3.49% | 2.02M | $63.75M |
| 9 | State Street Corporation | 3.08% | 1.78M | $56.37M |
| 10 | Armistice Capital, LLC | 2.81% | 1.62M | $51.30M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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