Biohaven (BHVN) Operating Income (2021 - 2026)

Biohaven (BHVN) reported Operating Income of -$130.4 million for Q1 2026, up 41.13% on a YoY basis from -$92.4 million in Q1 2025, and up 8.62% sequentially from -$142.7 million in Q4 2025.

Biohaven (BHVN) Operating Income (2021 - 2026) Analysis & Trends

Biohaven (BHVN) has 6 years of Operating Income data on file, last reported at -$130.4 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Income rose 41.13% year-over-year to -$130.4 million; the trailing twelve-month figure through Mar 2026 stood at -$654.2 million (up 29.15% YoY), and the FY2025 full-year result was -$745.4 million, up 15.79% from the prior year.
  • Operating Income improved to -$130.4 million in Q1 2026, 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.
  • A 5-year average of -$162.6 million and a median of -$169.4 million in 2025 frame the typical range for Operating Income.
  • Across the five-year window, Operating Income plunged 319.42% in 2022 and soared 52.31% in 2023, its largest moves.
  • Tracing BHVN's Operating Income over 5 years: stood at -$213.4 million in 2022, then climbed by 27.97% to -$153.7 million in 2023, then slipped by 23.56% to -$189.9 million in 2024, then increased by 24.85% to -$142.7 million in 2025, then climbed by 8.62% to -$130.4 million in 2026.
  • Business Quant data shows BHVN's Operating Income at -$130.4 million in Q1 2026, -$142.7 million in Q4 2025, and -$169.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Biohaven 2.16 Bn 1.81 Bn - -130.43 Mn

Historic Data

Download Data
DateValue
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