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
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