Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026)
Harmony Biosciences Holdings (HRMY) posted Research & Development of $46.6 million for Q2 2026, down 7.1% from $50.16 million a year earlier and down 32.8% from the prior quarter.
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Analysis
Harmony Biosciences Holdings (HRMY) Research & Development (2019 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Harmony Biosciences Holdings was $220.87 million, up 52.6% year-over-year; for FY2025, it came in at $189.59 million, up 30.0% from FY2024.
- Annual Research & Development has increased for five consecutive years, with a five-year compound annual growth rate of 57.7% (FY2020 to FY2025).
- In prior years, Harmony Biosciences Holdings' Research & Development was $145.83 million in FY2024 (+91.7%), $76.06 million in FY2023 (+7.3%), $70.89 million in FY2022 (+133.4%) and $30.37 million in FY2021 (+56.1%).
- The Q2 2026 figure stands as the lowest quarterly Research & Development since Q1 2025.
- On a year-over-year basis, Research & Development increased in six of the last eight quarters, with growth averaging 43.5%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2024, with growth of 324.8%; the weakest was Q3 2023, with a decline of 56.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $69.38 million (Q1 2026), $49.93 million (Q4 2025) and $54.96 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -4.05 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 1.87 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 1.76 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 2.81 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 993.80 Mn |
| 10 | Harmony Biosciences Holdings | 2.33 Bn | -431.22 Mn | 198.08 Mn | 46.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.60 Mn |
| Mar 31, 2026 | 69.38 Mn |
| Dec 31, 2025 | 49.93 Mn |
| Sep 30, 2025 | 54.96 Mn |
| Jun 30, 2025 | 50.16 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 |
API Access
Harmony Biosciences Holdings Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HRMY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HRMY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HRMY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();