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
DateValue
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