Biohaven (BHVN) Operating Income (2021 - 2026)
Biohaven's (BHVN) quarterly Operating Income came in at -$130.4 million in Q1 2026, up 41.13% year-on-year from -$92.4 million in Q1 2025, and up 8.62% quarter-over-quarter from -$142.7 million in Q4 2025.
Biohaven (BHVN) Operating Income (2021 - 2026) Analysis & Trends
Biohaven has disclosed Operating Income across 6 years of filings, most recently posting -$130.4 million for Q1 2026.
- Operating Income for Q1 2026 came in at -$130.4 million, up 41.13% year-over-year; the trailing twelve-month figure through Mar 2026 was -$654.2 million (up 29.15% YoY), and the FY2025 annual result was -$745.4 million, up 15.79% from the prior year.
- Operating Income came in at -$130.4 million for Q1 2026 at Biohaven, up from -$142.7 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of -$67.6 million in Q3 2022 to a low of -$333.8 million in Q2 2024.
- The 5-year median for Operating Income is -$169.4 million (2025), against an average of -$162.6 million.
- Across the five-year window, Operating Income slumped 319.42% in 2022 and soared 52.31% in 2023, its largest moves.
- Biohaven's Operating Income 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 grew by 8.62% to -$130.4 million in 2026.
- The last three Operating Income figures came in at -$130.4 million (Q1 2026), -$142.7 million (Q4 2025), and -$169.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | - |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | -32.68 Mn |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | -2.97 Mn |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -19.70 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | -15.76 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | - |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 1.14 Bn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | -65.83 Mn |
| 10 | Biohaven | 1.62 Bn | 1.27 Bn | - | -130.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -130.43 Mn |
| Dec 31, 2025 | -142.73 Mn |
| Sep 30, 2025 | -169.38 Mn |
| Jun 30, 2025 | -211.70 Mn |
| Mar 31, 2025 | -221.56 Mn |
| Dec 31, 2024 | -189.93 Mn |
| Sep 30, 2024 | -178.17 Mn |
| Jun 30, 2024 | -333.77 Mn |
| Mar 31, 2024 | -183.24 Mn |
| Dec 31, 2023 | -153.71 Mn |
| Sep 30, 2023 | -110.55 Mn |
| Jun 30, 2023 | -94.01 Mn |
| Mar 31, 2023 | -77.78 Mn |
| Dec 31, 2022 | -213.41 Mn |
| Sep 30, 2022 | -67.64 Mn |
| Jun 30, 2022 | -197.11 Mn |
| Mar 31, 2022 | -89.77 Mn |
| Dec 31, 2021 | -50.88 Mn |
| Sep 30, 2021 | -55.49 Mn |