Harmony Biosciences Holdings

Harmony Biosciences Holdings

HRMY · NASDAQ · Healthcare / Biotechnology

33.76USD-0.04 (-0.12%)

Price History

Full chart

Market Stats

Previous Close33.80
Open34.49
Day Range33.01 – 34.49
52-Week Range25.52 – 43.49
Volume844.89K
Market Cap2.40B
P/E (TTM)13.35
Forward P/E10.06
EPS3.09
Dividend Yield0.00%
Beta0.93
50-Day Avg38.92
200-Day Avg34.62

About

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.

Company Details

  • SectorHealthcare
  • IndustryBiotechnology
  • CEODr. Jeffrey M. Dayno M.D.
  • Employees293
  • Headquarters630 West Germantown Pike, Plymouth Meeting, PA, United States, 19462, USA
  • Websitehttps://www.harmonybiosciences.com

Leadership

  • Mr. Jeffrey S. AroninFounder & Non-Executive Chairman · b. 1968
  • Dr. Jeffrey M. Dayno M.D.President, CEO & Director · b. 1957
  • Mr. Peter AnastasiouChief Operating Officer · b. 1970
  • Dr. Kumar Budur M.D., M.S.Executive VP and Chief Medical & Scientific Officer · b. 1971
  • Mr. Andrew Serafin J.D., M.B.A.Executive VP & Chief Strategy Officer · b. 1975
  • Mr. Adam ZaeskeExecutive VP & Chief Commercial Officer · b. 1973
  • Mr. Stephen MollichellaSenior VP, Controller & Interim Principal Financial Officer
  • Brennan DoyleVP & Head of Investor Relations
  • Mr. Christian Ulrich J.D.Executive VP, General Counsel & Corporate Secretary
  • Ms. Tricia GloverChief Compliance Officer

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue06.00M159.74M305.44M437.86M582.02M714.73M868.45M
Growth (%)--+2564.59%+91.21%+43.35%+32.93%+22.80%+21.51%
Cost of Revenue184.00K1.58M27.74M55.52M83.48M121.24M156.81M198.34M
Gross Profit-184.00K4.42M132.00M249.92M354.37M460.79M557.92M670.11M
Gross Margin-73.69%82.64%81.82%80.93%79.17%78.06%77.16%
Operating Expense41.26M150.32M115.02M162.39M234.19M268.76M367.09M461.64M
Operating Income-41.44M-145.90M16.99M87.53M120.19M192.03M190.83M208.47M
Operating Margin--2433.76%10.63%28.66%27.45%32.99%26.70%24.00%
EBITDA-41.26M-142.69M1.51M80.46M146.87M221.51M233.41M255.05M
EBITDA Margin--2380.22%0.95%26.34%33.54%38.06%32.66%29.37%
Net Income-39.90M-151.98M-36.94M34.60M181.47M128.85M145.49M158.69M
Net Income Margin--2535.06%-23.13%11.33%41.44%22.14%20.36%18.27%
R&D12.37M69.59M19.45M30.37M70.89M76.06M145.82M189.59M
R&D as % of Total Revenue-1160.88%12.17%9.94%16.19%13.07%20.40%21.83%
Interest Expense06.07M28.22M24.19M18.80M23.76M17.50M14.65M
Interest Expense % of Total Revenue-101.30%17.67%7.92%4.29%4.08%2.45%1.69%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets89.28M106.70M427.07M433.44M673.87M811.45M999.20M1.27B
Total Liabilities7.75M118.29M329.89M246.94M271.03M344.46M340.05M401.41M
Total Equity81.53M-11.59M97.18M186.51M402.84M466.99M659.15M870.22M
Cash83.52M24.46M228.63M234.31M243.78M311.66M453.00M752.50M
Total Debt324.20M97.95M194.25M195.74M191.65M193.57M181.41M239.58M
Net Debt240.68M73.49M-34.38M-38.56M-52.14M-118.09M-271.60M-512.92M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-38.80M-75.44M-2.98M98.56M144.47M219.39M219.82M348.20M
Investing Cash Flow-1.34M-127.15M-2.00M-100.30M-141.83M-46.44M-67.48M-39.65M
Financing Cash Flow21.61M143.77M209.16M7.42M6.84M-105.55M-11.00M-9.05M
Capital Expenditure1.34M149.00K2.00M298.00K172.00K312.00K1.15M310.00K
Free Cash Flow-40.14M-75.58M-4.99M98.26M144.29M219.07M218.67M347.89M
Dividends Paid-143.77M200.30M--5.05M--
FCF to OCF103.46%100.20%167.07%99.70%99.88%99.86%99.48%99.91%
Dividend Paid to FCF--190.21%-4016.42%--2.31%--

Earnings

Report DateAug 19, 2020Nov 12, 2020Mar 25, 2021May 11, 2021Aug 10, 2021Nov 9, 2021Feb 28, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 21, 2023May 2, 2023Aug 1, 2023Oct 31, 2023Feb 22, 2024Apr 30, 2024Aug 6, 2024Oct 29, 2024Feb 25, 2025Apr 28, 2025Aug 5, 2025Nov 4, 2025Feb 24, 2026May 7, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate--0.150.09-0.010.170.520.360.420.630.190.580.560.740.810.480.690.120.880.820.910.960.860.860.930.971.03
EPS Actual-2.93-0.140.250.380.24-0.170.380.510.570.950.790.660.760.970.450.881.051.031.080.780.921.080.570.791.28-
Surprise-6.67%177.78%3900.00%41.18%-132.69%5.56%21.43%-9.52%400.00%36.21%17.86%2.70%19.75%-6.25%27.54%775.00%17.05%31.71%-14.79%-4.17%25.58%-33.72%-15.05%31.96%-
TimingAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap2.40B
Enterprise Value1.84B
Trailing P/E13.35
Forward P/E10.06
Price / Sales2.50
Price / Book2.36
EPS3.09
Book Value17.19
Revenue (TTM)959.90M
Gross Profit (TTM)723.99M
EBITDA255.99M
Profit Margin18.88%
Operating Margin34.18%
Return on Equity20.46%
Return on Assets11.62%
Shares Outstanding58.24M
Shares Float52.09M
Beta0.93
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 9 analystsTarget 47.36
  • Strong Buy
    5
  • Buy
    3
  • Sell
    1

Ownership Breakdown

Institutions
99.67%
Insiders
11.61%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    7.07M12.14%
  • FMR Inc
    3.16M5.42%
  • Vanguard Portfolio Management, LLC
    2.71M4.66%
  • American Century Companies Inc
    2.54M4.36%
  • Dimensional Fund Advisors, Inc.
    2.39M4.11%
  • Vanguard Capital Management, LLC
    2.10M3.61%
  • LSV Asset Management
    2.06M3.54%
  • SG Americas Securities, LLC
    2.02M3.47%
  • State Street Corp
    1.78M3.06%
  • Armistice Capital, LLC
    1.62M2.79%
  • Arrowstreet Capital Limited Partnership
    1.38M2.37%
  • Geode Capital Management, LLC
    1.32M2.27%
  • The Goldman Sachs Group Inc
    1.24M2.13%
  • Renaissance Technologies Corp
    1.08M1.85%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    2.45M4.21%
  • iShares Core S&P Small-Cap ETF
    2.43M4.18%
  • HBM Healthcare Investments AG Ord
    2.15M3.69%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.56M2.67%
  • iShares Russell 2000 ETF
    1.15M1.97%
  • Vanguard Small Cap Index
    1.13M1.94%