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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Page: Company Financials

Harmony Biosciences Holdings, Inc.

Ticker: HRMY | Industry: Biotechnology | Sector: Healthcare
$36.82 +0.07 (0.19%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric MRQ MRQ-1 2025 2024 2023 2022 2021 2020 2019
Stock Price 27.56 31.60 30.78 34.46 33.23 49.20 35.56 36.02 37.01
Market Capitalization 1,611.31M 1,816.04M 1,776.49M 1,960.36M 1,976.55M 2,911.80M 2,049.06M 2,116.28M 2,045.86M
(-) Cash & Equivalents 647.00M 546.05M 560.68M 372.66M 310.41M 241.54M 181.22M 149.54M -14.77M
(+) Total Debt 169.73M 173.37M 173.52M 187.19M 195.27M 191.77M 194.58M 192.95M 24.49M
Enterprise Value 1,134.04M 1,443.37M 1,389.33M 1,774.90M 1,861.41M 2,862.03M 2,062.42M 2,159.69M 2,085.11M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Revenue 826M 682M 715M 582M 438M 305M 160M 6M 0M
Cost of Revenue 184M 146M 157M 121M 83M 56M 28M 2M 0M
Gross Profit 642M 536M 558M 461M 354M 250M 132M 4M 0M
Gross Profit Margin 77.7% 78.7% 78.1% 79.2% 80.9% 81.8% 82.6% 73.7% 0.0%
R&D Expenses 174M 141M 146M 76M 71M 30M 19M 70M 12M
SG&A Expenses 242M 220M 221M 193M 163M 132M 96M 81M 29M
Operating Expenses 416M 361M 367M 269M 234M 162M 115M 150M 41M
Operating Income (EBIT) 226M 175M 191M 192M 120M 88M 17M -146M -42M
Operating Income Margin 27.3% 25.7% 26.7% 33.0% 27.4% 28.7% 10.6% -2,433.8% 0.0%
Interest Income 21M 18M 19M 15M 3M 0M 0M 0M 0M
Interest Expense 15M 18M 17M 24M 19M 24M 28M 6M 0M
Net Interest Income 5M 0M 1M -9M -16M -24M -28M -6M 0M
Unusual Items 0M 0M 0M -10M 0M -26M -26M 0M 2M
EBT Excluding Unusual Items 231M 175M 192M 183M 105M 64M -11M -152M -42M
Pre-Tax Income 230M 175M 192M 173M 105M 37M -37M -152M -40M
Pre-Tax Margin 27.9% 25.7% 26.8% 29.8% 23.9% 12.3% -23.1% -2,535.1% 0.0%
Income Tax Expense 45M 53M 46M 45M -77M 3M 0M 0M 0M
Net Income 186M 123M 145M 129M 181M 35M -37M -152M -40M
Net Income Margin 22.5% 18.0% 20.4% 22.1% 41.4% 11.3% -23.1% -2,535.1% 0.0%
Depreciation & Amortization 24M 24M 24M 24M 23M 19M 10M 3M 0M
EBITDA 250M 200M 215M 216M 144M 106M 27M -143M -41M
EBITDA Margin 30.2% 29.3% 30.1% 37.2% 32.8% 34.8% 17.0% -2,380.2% 0.0%
NOPAT 182M 123M 145M 143M 208M 81M 13M -115M -33M
NOPAT Margin 22.0% 18.0% 20.3% 24.5% 47.6% 26.5% 8.4% -1,922.7% 0.0%
Owner's Earnings 209M 146M 168M 153M 205M 53M -29M -149M -41M
Owner's Earnings Margin 25.3% 21.4% 23.6% 26.3% 46.7% 17.4% -18.0% -2,484.0% 0.0%
EPS (Basic) 3.24 2.15 2.56 2.17 3.07 0.60 -1.12 -2.94 -1.42
EPS (Diluted) 3.18 2.11 2.51 2.13 2.97 0.58 -0.64 -2.39 -0.81
Shares (Basic) 58M 57M 57M 59M 59M 58M 57M 64M 49M
Shares (Diluted) 58M 58M 58M 60M 61M 59M 58M 64M 49M

Geographic Segments

Metric TTM TTM-1 2023-12-31 2022-12-31
United States 1,500.00M 1,500.00M 500.00M 500.00M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Cash & Cash Equivalents 647.00M 546.05M 453.00M 311.66M 243.78M 234.31M 228.63M 24.46M 83.52M
Short-Term Investments 25.58M 19.22M 14.19M 41.80M 79.33M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 672.58M 565.27M 467.19M 353.46M 323.12M 234.31M 228.63M 24.46M 83.52M
Net Receivables 100.65M 92.98M 83.03M 74.14M 54.74M 34.84M 22.18M 4.26M 0.00M
Inventory 6.88M 6.10M 7.20M 5.36M 4.30M 4.43M 3.82M 1.09M 0.00M
Other Current Assets 35.38M 8.64M 8.12M 5.54M 8.79M 3.22M 1.30M 0.26M 2.46M
Total Current Assets 815.49M 672.99M 565.54M 438.50M 390.94M 276.80M 255.93M 30.06M 85.98M
Property, Plant & Equipment 2.67M 2.65M 3.38M 0.37M 0.57M 4.12M 0.94M 1.33M 1.58M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 95.38M 101.34M 113.26M 137.11M 160.95M 143.92M 162.34M 72.19M 0.00M
Long-Term Investments 105.83M 107.01M 108.87M 72.17M 22.57M 0.00M 0.00M 0.00M 0.50M
Tax Assets 0.00M 0.00M 0.00M 144.16M 85.94M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 165.54M 205.65M 194.43M 6.57M 3.55M 0.97M 0.90M 1.69M 0.52M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 369.42M 416.65M 419.95M 360.38M 273.59M 149.00M 164.18M 75.21M 2.60M
Total Assets 1,184.91M 1,089.65M 985.49M 798.88M 664.52M 425.81M 420.12M 105.27M 88.58M
Accounts Payable 26.34M 28.30M 13.74M 17.73M 3.79M 1.00M 2.56M 6.36M 1.46M
Short-Term Debt 20.00M 18.75M 16.25M 15.00M 2.00M 2.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 15.00M 2.21M 4.35M 107.30M 1.62M 0.00M 100.31M 0.75M 0.31M
Total Current Liabilities 61.34M 49.26M 34.35M 140.03M 7.41M 3.00M 102.87M 7.11M 1.78M
Long-Term Debt 148.51M 153.35M 163.02M 178.57M 189.65M 189.98M 194.25M 97.95M 324.20M
Capital Lease Obligations 1.23M 1.28M 2.14M 1.08M 0.98M 3.76M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -324.46M
Other Non-Current Liabilities 0.78M 1.02M 1.13M 2.11M 2.50M 0.78M 1.11M 0.45M -323.68M
Total Non-Current Liabilities 150.52M 155.64M 166.28M 181.76M 193.12M 194.52M 195.36M 98.40M -323.94M
Total Liabilities 211.86M 204.90M 200.63M 321.79M 200.53M 197.52M 298.23M 105.51M -322.17M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 411.28M 324.20M
Common Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Retained Earnings 138.42M 87.55M 2.22M -143.28M -272.13M -453.60M -488.20M -422.86M -242.67M
Accumulated OCI 0.36M 0.24M 0.07M 0.00M -0.15M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 138.78M 87.79M 2.28M -143.27M -272.28M -453.60M -488.19M -11.59M 81.53M
Total Equity 138.78M 87.79M 2.28M -143.27M -272.28M -453.60M -488.19M -11.59M 81.53M
Total Liabilities & Equity 350.63M 292.69M 202.91M 178.52M -71.75M -256.08M -189.97M 93.92M -240.64M
Tangible Assets 1,089.53M 988.30M 872.22M 661.77M 503.57M 281.89M 257.77M 33.08M 88.58M
Tangible Equity 43.40M -13.55M -110.98M -280.38M -433.23M -597.52M -650.54M -83.77M 81.53M
Tangible Book Value 43.40M -13.55M -110.98M -280.38M -433.23M -597.52M -650.54M -83.77M 81.53M
Total Investments 131.41M 126.23M 123.06M 113.97M 101.90M 0.00M 0.00M 0.00M 0.50M
Net Debt -478.49M -373.96M -273.74M -118.09M -52.14M -42.33M -34.38M 73.49M 240.68M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Working Capital 615.4M 511.2M 404.2M 287.3M 321.4M 230.7M 128.4M 11.6M 79.5M
Total Capital 1,004.9M 946.5M 840.6M 660.6M 594.5M 382.3M 291.4M 86.4M 405.7M
Capital Employed 984.8M 927.9M 824.1M 647.7M 595.0M 379.7M 292.5M 86.8M 82.1M
Invested Capital 357.9M 400.4M 387.6M 348.9M 350.7M 147.9M 62.8M 61.9M 322.2M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Net Income 185.68M 122.63M 145.49M 128.85M 181.47M 34.60M -36.94M -151.98M -39.90M
Depreciation & Amortization 24.20M 24.80M 24.11M 24.36M 25.05M 21.08M 10.24M 3.80M 0.18M
Deferred Income Tax -13.20M 1.12M -29.30M -13.42M 0.00M 0.00M 25.75M 0.00M 0.00M
Stock-Based Compensation 44.80M 41.71M 42.60M 31.71M 26.91M 16.11M 4.69M 9.91M 1.08M
Change in Working Capital 31.84M 17.10M -7.32M 35.04M -6.89M 2.19M -11.63M 3.39M -0.16M
Accounts Receivable -19.15M -14.24M -8.89M -19.40M -19.90M -12.67M -17.92M -4.26M 0.00M
Inventory 0.03M -1.83M -1.84M -1.07M 0.14M -0.61M -2.74M -1.09M 0.00M
Accounts Payable 14.05M 6.20M -5.38M 8.95M 0.00M 0.00M -3.80M 0.00M -0.61M
Other Working Capital 36.90M 26.97M 8.79M 46.55M 12.87M 15.46M 12.83M 8.74M 0.45M
Other Non-Cash Items 24.29M 13.57M 44.23M 12.85M -82.06M 24.59M 4.91M 59.44M 2.06M
Net Cash from Operating Activities 297.61M 220.92M 219.82M 219.39M 144.47M 98.56M -2.99M -75.44M -38.80M
Capital Expenditures (PPE) -0.72M -0.75M -1.15M -0.31M -0.17M -0.30M -2.00M -0.15M -1.34M
Acquisitions (Net) 0.00M -77.60M -33.07M -36.97M 0.00M 0.00M -2.00M 0.00M 0.00M
Purchases of Investments -59.59M -21.61M -105.29M -127.47M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 49.33M 22.62M 98.53M 118.31M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities -18.23M -19.02M -26.50M 0.00M -141.66M -100.00M 2.00M -127.00M 0.00M
Net Cash from Investing Activities -29.20M -96.36M -67.48M -46.44M -141.83M -100.30M -2.00M -127.15M -1.34M
Net Debt Issuance -15.00M -15.00M -15.00M -1.25M -2.00M -0.50M 79.42M 100.00M 0.00M
Long-Term Debt Issuance -15.00M -211.50M -15.00M -1.25M -2.00M -0.50M 79.42M 100.00M 0.00M
Short-Term Debt Issuance 0.00M 196.50M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 1.54M -50.27M 6.50M -100.51M 0.00M 0.00M -0.18M 0.00M 21.80M
Common Stock Issuance 2.85M 0.00M 6.50M 0.00M 0.00M 0.00M 147.63M 0.00M 0.00M
Common Stock Repurchased -1.31M -50.27M 0.00M -100.00M 0.00M 0.00M -0.17M 0.00M -3.20M
Preferred Stock Issuance 0.00M 0.00M 0.00M -0.51M 0.00M 0.00M -147.65M 0.00M 25.00M
Net Dividends Paid 0.00M -55.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M -55.26M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 4.68M 58.75M -2.50M -3.79M 8.84M 7.92M 129.93M 43.77M -0.19M
Net Cash from Financing Activities -8.78M -61.78M -11.00M -105.55M 6.84M 7.42M 209.16M 143.77M 21.62M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 259.63M 62.78M 141.34M 67.40M 9.48M 5.68M 204.17M -58.82M -18.53M
Cash at Beginning of Period 1,876.50M 1,287.60M 311.93M 244.53M 235.06M 229.38M 25.21M 84.02M 102.55M
Cash at End of Period 2,136.13M 1,350.38M 453.27M 311.93M 244.53M 235.06M 229.38M 25.21M 84.02M
Operating Cash Flow 297.61M 220.92M 219.82M 219.39M 144.47M 98.56M -2.99M -75.44M -38.80M
Capital Expenditure -0.72M -0.75M -1.15M -0.31M -0.17M -0.30M -2.00M -0.15M -1.34M
Free Cash Flow 296.89M 220.18M 218.67M 219.08M 144.29M 98.26M -4.99M -75.59M -40.14M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
EBITDA 249.51M 199.56M 214.94M 216.39M 143.57M 106.37M 27.22M -142.69M -41.44M
(-) Tax Adjustment 48.49M 60.00M 51.90M 55.59M 0.00M 8.05M 0.00M 0.00M 0.00M
(-) Change In Working Capital 31.84M 17.10M -7.32M 35.04M -6.89M 2.19M -11.63M 3.39M -0.16M
(-) Capital Expenditure -0.72M -0.75M -1.15M -0.31M -0.17M -0.30M -2.00M -0.15M -1.34M
Unlevered Free Cash Flow 168.47M 121.72M 169.21M 125.45M 150.29M 95.84M 36.85M -146.24M -42.62M
(-) Net Interest Income After Taxes 4.22M 0.05M 0.79M -6.71M -15.67M -22.16M -28.22M -6.07M 0.00M
Net Debt Issuance -15.00M -15.00M -15.00M -1.25M -2.00M -0.50M 79.42M 100.00M 0.00M
Levered Free Cash Flow 149.25M 106.66M 153.42M 130.91M 163.96M 117.50M 144.48M -40.16M -42.62M