Biohaven (BHVN) Free Cash Flow (2021 - 2026)
Biohaven's (BHVN) quarterly Free Cash Flow came in at -$149.9 million in Q1 2026, up 9.46% year-on-year from -$137.0 million in Q1 2025, and down 14.73% quarter-over-quarter from -$130.7 million in Q4 2025.
Biohaven (BHVN) Free Cash Flow (2021 - 2026) Analysis & Trends
Biohaven has disclosed Free Cash Flow across 6 years of filings, most recently posting -$149.9 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at -$149.9 million, up 9.46% year-over-year; the trailing twelve-month figure through Mar 2026 was -$594.5 million (up 8.4% YoY), and the FY2025 annual result was -$610.2 million, down 4.03% from the prior year.
- Free Cash Flow came in at -$149.9 million for Q1 2026 at Biohaven, down from -$130.7 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$45.0 million in Q2 2023 to a low of -$170.8 million in Q4 2024.
- The 5-year median for Free Cash Flow is -$115.4 million (2023), against an average of -$116.8 million.
- Across the five-year window, Free Cash Flow jumped 34.7% in 2023 and tumbled 279.54% in 2024, its largest moves.
- Biohaven's Free Cash Flow stood at -$75.7 million in 2022, then slumped by 52.37% to -$115.4 million in 2023, then sank by 48.06% to -$170.8 million in 2024, then advanced by 23.49% to -$130.7 million in 2025, then slipped by 14.73% to -$149.9 million in 2026.
- The last three Free Cash Flow figures came in at -$149.9 million (Q1 2026), -$130.7 million (Q4 2025), and -$145.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | - |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | - |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | -1.67 Mn |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -12.20 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | -2.49 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | - |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 1.29 Bn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | 63,220.27 |
| 10 | Biohaven | 1.62 Bn | 1.27 Bn | - | -149.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -149.92 Mn |
| Mar 31, 2026 | -149.92 Mn |
| Dec 31, 2025 | -130.67 Mn |
| Dec 31, 2025 | -130.67 Mn |
| Sep 30, 2025 | -145.73 Mn |
| Sep 30, 2025 | -145.73 Mn |
| Jun 30, 2025 | -168.17 Mn |
| Jun 30, 2025 | -168.17 Mn |
| Mar 31, 2025 | -165.59 Mn |
| Mar 31, 2025 | -165.59 Mn |
| Dec 31, 2024 | -170.79 Mn |
| Dec 31, 2024 | -170.79 Mn |
| Sep 30, 2024 | -141.89 Mn |
| Sep 30, 2024 | -141.89 Mn |
| Jun 30, 2024 | -170.75 Mn |
| Jun 30, 2024 | -170.75 Mn |
| Mar 31, 2024 | -103.08 Mn |
| Mar 31, 2024 | -103.08 Mn |
| Dec 31, 2023 | -115.35 Mn |
| Dec 31, 2023 | -115.35 Mn |