Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026)
Harmony Biosciences Holdings' (HRMY) quarterly Research & Development came in at $69.4 million in Q1 2026, up 100.88% year-on-year from $34.5 million in Q1 2025, and up 38.95% quarter-over-quarter from $49.9 million in Q4 2025.
Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026) Analysis & Trends
Harmony Biosciences Holdings has disclosed Research & Development across 8 years of filings, most recently posting $69.4 million for Q1 2026.
- Research & Development for Q1 2026 came in at $69.4 million, up 100.88% year-over-year; the trailing twelve-month figure through Mar 2026 was $189.3 million (up 19.66% YoY), and the FY2025 annual result was $189.6 million, up 30.01% from the prior year.
- Research & Development came in at $69.4 million for Q1 2026 at Harmony Biosciences Holdings, up from $49.9 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 $7.6 million in Q1 2022.
- The 5-year median for Research & Development is $25.4 million (2024), against an average of $30.4 million.
- Across the five-year window, Research & Development surged 324.76% in 2024 and slumped 76.41% in 2025, its largest moves.
- Harmony Biosciences Holdings' Research & Development stood at $10.1 million in 2022, then soared by 200.3% to $30.3 million in 2023, then increased by 14.39% to $34.7 million in 2024, then jumped by 44.04% to $49.9 million in 2025, then surged by 38.95% to $69.4 million in 2026.
- The last three Research & Development figures came in at $69.4 million (Q1 2026), $49.9 million (Q4 2025), and $55.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Harmony Biosciences Holdings | 1.92 Bn | 1.28 Bn | 170.88 Mn | 69.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.38 Mn |
| Dec 31, 2025 | 49.93 Mn |
| Sep 30, 2025 | 54.96 Mn |
| Jun 30, 2025 | 15.00 Mn |
| Mar 31, 2025 | 34.54 Mn |
| Dec 31, 2024 | 34.67 Mn |
| Sep 30, 2024 | 25.39 Mn |
| Jun 30, 2024 | 63.58 Mn |
| Mar 31, 2024 | 22.19 Mn |
| Dec 31, 2023 | 30.31 Mn |
| Sep 30, 2023 | 17.50 Mn |
| Jun 30, 2023 | 14.97 Mn |
| Mar 31, 2023 | 13.29 Mn |
| Dec 31, 2022 | 10.09 Mn |
| Sep 30, 2022 | 40.55 Mn |
| Jun 30, 2022 | 12.67 Mn |
| Mar 31, 2022 | 7.58 Mn |
| Dec 31, 2021 | 7.45 Mn |
| Sep 30, 2021 | 11.74 Mn |
| Jun 30, 2021 | 6.50 Mn |