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
DateValue
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