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Harmony Biosciences Holdings, Inc. HRMY R2K

Healthcare · Biotechnology · United States
https://www.harmonybiosciences.com

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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$31.59
-8.43% 1Y

Market & Price

Market Cap
$1.83B
Current Price
$31.59
High / Low (52W)
$40.51 / $25.90
Beta
0.96

Valuation

Stock P/E
12.74
Industry PE
23.65
Forward P/E
5.66
PEG Ratio
-
Book Value
$15.73
Price to Book
2.01
P/S
2.03
EV/EBITDA
6.29
Dividend Yield
-

Profitability & Returns

ROCE
22.53%
ROE
17.86%
ROA
10.18%
Profit Margin
16.20%
Op Margin
17.31%
EPS (Latest Qtr)
$0.55
EPS (TTM)
$2.48

Balance Sheet & Liquidity

Debt/Equity
0.18
Quick Ratio
3.45
Current Ratio
3.58
Debt
$164.61M
Total Assets
$1.27B
Current Assets
$907.01M
Working Capital
$654.88M

Ownership

Promoter Holding
11.69%
Chg in Prom Hold
-
FII / Inst Holding
103.38%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$1.35B
Total Revenue (TTM)
$899.11M
EBITDA
$214.85M
Free Cash Flow
$149.73M
Operating Cash Flow
$341.97M
Shares Outstanding
57.89M
Gross Margin
76.55%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
25.64%
Profit 5Y
-4.37%
Revenue (YoY)
16.60%
Earnings (YoY)
-29.50%

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

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv 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%
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Quarterly Results

Figures in USD.

Metric Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -19.84M38.01M45.61M59.67M73.82M80.73M85.31M107.03M117.21M119.13M134.22M160.27M154.62M172.81M--184.73M200.49M239.46M243.78M215.39M
Cost of Revenue -----------------31.99M38.15M59.65M68.55M44.51M
Gross Profit -16.37M31.55M37.72M49.27M61.13M66.13M70.60M88.11M94.25M98.35M109.21M127.97M127.13M140.67M--152.74M162.34M179.81M175.23M170.88M
Operating Expenses -----------------96.49M114.16M114.32M136.67M133.58M
Operating Income -29.80M-9.61M7.31M10.38M14.53M23.31M21.05M27.56M33.12M11.90M40.42M46.90M64.51M52.03M21.36M--56.24M48.18M65.49M38.56M37.29M
EBITDA -----------------66.98M59.25M77.08M51.74M48.89M
Interest Expense -----------------3.84M3.65M3.62M3.55M3.23M
Pretax Income -----------------57.18M49.64M67.49M40.76M39.69M
Tax Provision -----------------11.62M9.86M16.62M18.27M7.20M
Net Income -31.90M-38.62M-27.00K1.91M7.39M14.12M-9.62M21.48M23.53M87.94M29.48M34.30M38.46M38.33M11.59M--45.56M39.78M50.87M22.49M32.49M
Diluted EPS -5.26-6.30-1.34-0.140.130.24-0.170.350.391.440.480.560.630.670.20--0.780.680.870.380.55
R&D Expense 4.34M3.43M4.17M4.23M4.68M6.50M11.74M7.58M12.67M40.55M13.29M14.97M17.50M22.19M63.58M25.39M-34.54M50.16M54.96M-69.38M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 6.00M159.74M-437.86M582.02M714.73M868.45M
Cost of Revenue ---83.48M121.24M156.81M198.34M
Gross Profit 4.42M132.00M-354.37M460.79M557.92M670.11M
Operating Expenses ---234.19M268.76M367.09M461.64M
Operating Income -145.90M16.99M-120.19M192.03M190.83M208.47M
EBITDA ---146.87M221.51M233.41M255.05M
Interest Expense ---18.80M23.76M17.50M14.65M
Pretax Income ---104.69M173.40M191.80M215.06M
Tax Provision ----76.78M44.54M46.31M56.38M
Net Income -151.98M-36.94M-181.47M128.85M145.49M158.69M
Diluted EPS -24.07-2.48-2.972.132.512.71
R&D Expense 69.59M19.45M30.37M70.89M76.06M145.82M189.59M

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 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -106.70M427.07M-673.87M811.45M999.20M1.27B
Current Assets ----400.29M451.07M579.25M907.01M
Cash & Equivalents -24.46M228.63M-243.78M311.66M453.00M752.50M
Inventory ----4.30M5.36M7.20M5.36M
Receivables ----54.74M74.14M83.03M96.79M
Total Liabilities -118.29M329.89M-271.03M344.46M340.05M401.41M
Current Liabilities -19.89M134.54M-78.88M163.78M175.08M252.13M
Long Term Debt -97.95M194.25M-189.65M178.57M163.02M143.66M
Total Debt ----191.65M193.57M179.27M163.66M
Total Equity -242.67M-422.86M97.18M-402.84M466.99M659.15M870.22M
Shares Outstanding ----59.62M56.77M57.14M57.73M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -75.44M-2.98M-144.47M219.39M219.82M348.20M
Investing Cash Flow -127.15M-2.00M--141.83M-46.44M-67.48M-39.65M
Financing Cash Flow 143.77M209.16M-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-144.29M219.07M218.67M347.89M
Net Change in Cash ---9.47M67.40M141.34M299.50M
Share Buybacks -167.00K--100.00M--

Ratios (Annual)

Figures in %.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Insiders
11.69%
Institutions
103.38%
Public Float
117.07%

Top Institutional Holders

#Holder% HeldSharesValue
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

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