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
DateValue
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