Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026)
Harmony Biosciences Holdings (HRMY) reported Research & Development of $69.4 million for Q1 2026, up 100.88% on a YoY basis from $34.5 million in Q1 2025, and up 137.78% sequentially from $29.2 million in Q4 2025.
Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026) Analysis & Trends
Harmony Biosciences Holdings (HRMY) has 8 years of Research & Development data on file, last reported at $69.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 100.88% year-over-year to $69.4 million; the trailing twelve-month figure through Mar 2026 stood at $183.6 million (up 19.76% YoY), and the FY2025 full-year result was $119.5 million, up 7.75% from the prior year.
- Research & Development improved to $69.4 million in Q1 2026, from $29.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $69.4 million in Q1 2026 to a low of $5.5 million in Q4 2023.
- A 5-year average of $29.8 million and a median of $27.2 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development tumbled 73.69% in 2023 and jumped 397.75% in 2024, its largest moves.
- Tracing HRMY's Research & Development over 5 years: stood at $21.1 million in 2022, then slumped by 73.69% to $5.5 million in 2023, then jumped by 397.75% to $27.6 million in 2024, then rose by 5.72% to $29.2 million in 2025, then soared by 137.78% to $69.4 million in 2026.
- Business Quant data shows HRMY's Research & Development at $69.4 million in Q1 2026, $29.2 million in Q4 2025, and $55.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 68,785.72 Bn | 68,785.72 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,895.57 Bn | 1,895.51 Bn | - | - |
| 3 | BeOne Medicines | 471.35 Bn | 466.56 Bn | 1.35 Bn | 541.22 Mn |
| 4 | NuCana | 279.75 Bn | 279.75 Bn | - | -2.31 Mn |
| 5 | Vertex Pharmaceuticals | 120.24 Bn | 113.00 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 67.80 Bn | 59.04 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 62.51 Bn | 62.51 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 57.38 Bn | 57.38 Bn | 1.41 Bn | 1.37 Bn |
| 9 | Revolution Medicines | 37.78 Bn | 37.78 Bn | - | 343.97 Mn |
| 10 | Harmony Biosciences Holdings | 2.07 Bn | 1.55 Bn | 170.88 Mn | 69.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.38 Mn |
| Dec 31, 2025 | 29.18 Mn |
| Sep 30, 2025 | 54.96 Mn |
| Jun 30, 2025 | 30.07 Mn |
| Mar 31, 2025 | 34.54 Mn |
| Dec 31, 2024 | 27.60 Mn |
| Sep 30, 2024 | 27.58 Mn |
| Jun 30, 2024 | 63.58 Mn |
| Mar 31, 2024 | 27.23 Mn |
| Dec 31, 2023 | 5.55 Mn |
| Sep 30, 2023 | 17.50 Mn |
| Jun 30, 2023 | 24.53 Mn |
| Mar 31, 2023 | 22.57 Mn |
| Dec 31, 2022 | 21.08 Mn |
| Sep 30, 2022 | 20.47 Mn |
| Jun 30, 2022 | 12.67 Mn |
| Mar 31, 2022 | 17.58 Mn |
| Dec 31, 2021 | 19.11 Mn |
| Sep 30, 2021 | 11.74 Mn |
| Jun 30, 2021 | 17.02 Mn |