Biohaven (BHVN) EBITDA (2021 - 2026)
Biohaven's (BHVN) quarterly EBITDA came in at -$130.6 million in Q1 2026, up 41.1% year-on-year from -$92.5 million in Q1 2025, and up 8.52% quarter-over-quarter from -$142.7 million in Q4 2025.
Biohaven (BHVN) EBITDA (2021 - 2026) Analysis & Trends
Biohaven has disclosed EBITDA across 6 years of filings, most recently posting -$130.6 million for Q1 2026.
- EBITDA for Q1 2026 came in at -$130.6 million, up 41.1% year-over-year; the trailing twelve-month figure through Mar 2026 was -$644.9 million (up 27.65% YoY), and the FY2025 annual result was -$745.4 million, up 15.79% from the prior year.
- EBITDA came in at -$130.6 million for Q1 2026 at Biohaven, up from -$142.7 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of -$68.9 million in Q3 2022 to a low of -$319.7 million in Q2 2024.
- The 5-year median for EBITDA is -$160.1 million (2024), against an average of -$159.8 million.
- Across the five-year window, EBITDA slumped 319.42% in 2022 and jumped 55.49% in 2023, its largest moves.
- Biohaven's EBITDA stood at -$213.4 million in 2022, then grew by 27.97% to -$153.7 million in 2023, then dropped by 23.56% to -$189.9 million in 2024, then rose by 24.85% to -$142.7 million in 2025, then advanced by 8.52% to -$130.6 million in 2026.
- The last three EBITDA figures came in at -$130.6 million (Q1 2026), -$142.7 million (Q4 2025), and -$173.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 788,338.31 Bn | 788,338.28 Bn | - | - |
| 2 | Belite Bio | 56,560.00 Bn | 56,560.00 Bn | - | -26.92 Mn |
| 3 | Quantum Biopharma | 17,329.30 Bn | 17,329.30 Bn | - | -13.63 Mn |
| 4 | Legend Biotech | 3,341.00 Bn | 3,340.71 Bn | 242.10 Mn | -19.70 Mn |
| 5 | Akari Therapeutics | 1,727.91 Bn | 1,727.91 Bn | - | -14.44 Mn |
| 6 | Evaxion A | 1,536.68 Bn | 1,536.67 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 238.34 Bn | 238.33 Bn | - | -752,618.00 |
| 8 | Vertex Pharmaceuticals | 113.42 Bn | 106.17 Bn | 2.59 Bn | 1.14 Bn |
| 9 | Abivax | 95.45 Bn | 95.45 Bn | - | -65.83 Mn |
| 10 | Biohaven | 1.64 Bn | 1.30 Bn | - | -130.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -130.58 Mn |
| Dec 31, 2025 | -142.73 Mn |
| Sep 30, 2025 | -173.40 Mn |
| Jun 30, 2025 | -198.22 Mn |
| Mar 31, 2025 | -221.68 Mn |
| Dec 31, 2024 | -189.93 Mn |
| Sep 30, 2024 | -160.09 Mn |
| Jun 30, 2024 | -319.74 Mn |
| Mar 31, 2024 | -179.55 Mn |
| Dec 31, 2023 | -153.71 Mn |
| Sep 30, 2023 | -102.44 Mn |
| Jun 30, 2023 | -90.49 Mn |
| Mar 31, 2023 | -70.61 Mn |
| Dec 31, 2022 | -213.41 Mn |
| Sep 30, 2022 | -68.85 Mn |
| Jun 30, 2022 | -203.29 Mn |
| Mar 31, 2022 | -97.03 Mn |
| Dec 31, 2021 | -50.88 Mn |
| Sep 30, 2021 | -54.37 Mn |