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
DateValue
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