Biohaven Ltd.

Biohaven Ltd.

BHVN
Biohaven Ltd.US flagNew York Stock Exchange
15.69
USD
-0.17
- -
2.36BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-3.31
-5.97
-12.75
-5.73
-9.28
-6.86
-5.44
Free Cash Flow per Basic Share
-2.2
-4.1
-7.57
-4.7
-6.43
-5.67
-5
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.47
0.97
7.9
5.28
4.18
0.39
0.86
Tangible Book Value per Share
0.47
0.42
7.61
5.03
3.99
0.24
0.73
Basic Weighted Avg Shares
36
36
45
71
91
108
119
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
1
7
8
10
10
Net Income, GAAP
-119
-214
-570
-408
-846
-739
-648
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
60
53
497
387
384
252
334
LT Debt
- -
3
31
28
33
279
280
Total Equity
77
95
539
428
423
52
130
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-830.73
-198.89
-84.44
-198.83
-310.75
-333

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
6
6
LT Borrowings
268
239
242
LT Finance Leases
40
40
38
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
106
133
151
Market Capitalization
1,588
1,499
1,273

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
324
368
386
Cash, Cash Equivalents & STI
260
319
348
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
113
116
52
Payables & Accruals
67
51
42
ST Debt
6
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
76.6%
-87.7%
Free Cash Flow
- -
59.09%
4.03%
Net Income, GAAP
- -
62.63%
-12.71%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.2
-3.64
-1.7
-1.85
-9.28
2025
-2.17
-1.94
-1.64
-1.21
-6.86
2026
-0.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Vladimir Coric
Full Time Employees
274
Sector
Healthcare
Industry
Biotechnology
Address
215 Church Street New Haven CT United States of America 06510
IPO Date
Sep 23, 2022
Business
Biohaven Ltd. (NYSE: BHVN) is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of innovative therapies targeting unmet needs in neuroscience, immunology, and oncology. Founded in 2013 and headquartered in New Haven, Connecticut, the company operates globally with a portfolio spanning multiple proprietary drug development platforms, including Kv7 ion channel modulation, extracellular protein degradation via MoDE and TRAP technologies, TRPM3 antagonism, TYK2/JAK1 inhibition, glutamate modulation, myostatin inhibition, and antibody-drug conjugates. Its lead product candidate, Vyglxia (troriluzole), a tripeptide prodrug of riluzole, targets spinocerebellar ataxias (SCA) and received a Complete Response Letter from the U.S. FDA in November 2025 following submission of its New Drug Application, prompting Biohaven to pursue discussions with the agency and implement portfolio prioritization and cost-optimization measures slashing R&D expenses by approximately 60%. Core pipeline assets include taldefgrobep, a myostatin inhibitor in development for spinal muscular atrophy and obesity; BHV-7000, a selective Kv7.2/7.3 activator for epilepsy, major depressive disorder, and bipolar depression; BHV-2100, a TRPM3 antagonist for pain disorders; BHV-8000, a brain-penetrant TYK2/JAK1 inhibitor for Parkinson's disease, Alzheimer's disease, multiple sclerosis, and prevention of amyloid-related imaging abnormalities; BHV-1300 and BHV-1310, IgG degraders for rheumatoid arthritis, Graves' disease, and myasthenia gravis; BHV-1400, a Gd-IgA1 degrader for IgA nephropathy; BHV-1600, a β1AR autoantibody degrader for peripartum cardiomyopathy; and oncology candidates such as BHV-1510 (Trop2 ADC), BHV-1530 (FGFR3 ADC), and BHV-1500 (CD30 ADC), alongside undisclosed targets from collaborations with Merus and GeneQuantum. Recent developments encompass a non-dilutive financing agreement with Oberland Capital Management in April 2025 providing up to $600 million in senior secured notes to support pipeline advancement and potential launches; an upsized public offering of common shares in November 2025 generating approximately $200 million in gross proceeds; first-in-human dosing with BHV-1400 demonstrating rapid Gd-IgA1 lowering in IgA nephropathy; and ongoing advancement of preclinical antibody-drug conjugates. Biohaven, which emerged from the 2022 spin-off and divestiture of its migraine portfolio (including Nurtec ODT and Zavzpret) to Pfizer, targets patients with rare genetic disorders, neurodegenerative conditions, autoimmune diseases, chronic pain, metabolic disorders, and cancers across the United States and international markets.

Company News

  • BlackRock Inc. Invests $196.57 Million in Biohaven Ltd. $BHVN

  • Why Biohaven Stock Was Rocking the Market This Week

  • Biohaven: Buy Reiterated On Opakalim License Agreement For Epilepsy And More

  • Biohaven: Sale Of Opakalim Rights To SK Biopharmaceuticals Makes Sense On Many Levels

  • BHVN Stock Soars 18% on $795M Out-Licensing Deal for Epilepsy Program

  • Why Is Biohaven Stock Soaring Wednesday?

  • Biohaven and SK Biopharmaceuticals Enter into Strategic Global Licensing Agreement for Novel Kv7 Ion Channel Platform and Opakalim, Lead Candidate for Epilepsy

  • Biohaven licenses epilepsy drug to South Korea's SK Biopharmaceuticals for up to $795 million

  • Biohaven and SK Biopharmaceuticals Enter into Strategic Global Licensing Agreement for Novel Kv7 Ion Channel Platform and Opakalim, Lead Candidate for Epilepsy

  • Federal Court Enters Judgment Confirming RA Capital and Avilar Therapeutics Willfully and Maliciously Misappropriated Trade Secret Developed at Yale, Formalizing $4 Million Award to Biohaven and Yale University

  • Biohaven Reports Recent Business Developments and Second Quarter 2026 Financial Results

  • Biohaven Appoints Technology Investor John Yetimoglu to Board of Directors

  • Federal Jury Finds Avilar Therapeutics and RA Capital Willfully and Maliciously Misappropriated Trade Secret Developed at Yale, Awards Biohaven and Yale University $4 Million

  • Biohaven to Present New Clinical Data at ESMO Congress on BHV-1530, a Novel FGFR3-Directed ADC With a Proprietary Topoisomerase I (TopoIx) Payload

  • Biohaven: Nice Pipeline Momentum, But Its Runway Is A Risk

  • Biohaven Announces Scientific Leadership Transitions

  • Biohaven Completes Enrollment in RISE 3 Pivotal Focal Epilepsy Study with Opakalim, a Selective Kv7.2/7.3 Activator

  • Analyst Warns Biohaven's Lead Drug May Struggle To Stand Out

  • Biohaven, Goodyear Tire And Other Big Stocks Moving Lower In Monday's Pre-Market Session

  • Biohaven Advances a New Class of Precision Immunology Therapies: First MoDE Extracellular Protein Degrader, BHV-1300, Begins Phase 3 Pivotal Trial in Graves' Disease