Harmony Biosciences Holdings, Inc. income statement
In fiscal 2025, Harmony Biosciences Holdings, Inc. reported revenue of $868m, up 21.5% on the year before, operating income of $208m (a 24.0% margin) and net income of $159m, or $2.71 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 160 | 305 | 438 | 582 | 715 | 868 | 960 |
| Cost of revenue | 2 | 28 | 56 | 83 | 121 | 157 | 198 | 236 |
| Gross profit | 4 | 132 | 250 | 354 | 461 | 558 | 670 | 724 |
| Research and development | 70 | 19 | 30 | 71 | 76 | 146 | 190 | 221 |
| Selling and marketing | 44 | 56 | 68 | 79 | 97 | 111 | 120 | 125 |
| General and administrative | 36 | 40 | 64 | 84 | 95 | 110 | 153 | 148 |
| Operating income | −146 | 17 | 88 | 120 | 192 | 191 | 208 | 231 |
| Interest expense | 7 | 29 | 24 | 19 | 24 | 17 | 15 | 13 |
| Income before tax | −152 | −37 | 37 | 105 | 173 | 192 | 215 | 241 |
| Income tax | — | — | 3 | −77 | 45 | 46 | 56 | 60 |
| Net income | −152 | −37 | 35 | 181 | 129 | 145 | 159 | 181 |
| Diluted EPS | −$24.07 | −$2.48 | $0.58 | $2.97 | $2.13 | $2.51 | $2.71 | $3.09 |
| Diluted shares (average) | 8m | 26m | 59m | 61m | 60m | 58m | 59m | 59m |
| EBITDA | −146 | 17 | 88 | 121 | 193 | 191 | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 186 | 201 | 185 | 200 | 239 | 244 | 215 | 261 |
| Cost of revenue | 43 | 54 | 32 | 38 | 60 | 69 | 45 | 63 |
| Gross profit | 143 | 147 | 153 | 162 | 180 | 175 | 171 | 198 |
| Research and development | 25 | 35 | 35 | 50 | 55 | 50 | 69 | 47 |
| Selling and marketing | 28 | 28 | 31 | 30 | 30 | 29 | 32 | 34 |
| General and administrative | 29 | 29 | 31 | 34 | 30 | 58 | 33 | 28 |
| Operating income | 62 | 56 | 56 | 48 | 65 | 39 | 37 | 89 |
| Interest expense | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| Income before tax | 62 | 56 | 57 | 50 | 67 | 41 | 40 | 93 |
| Income tax | 16 | 7 | 12 | 10 | 17 | 18 | 7 | 18 |
| Net income | 46 | 49 | 46 | 40 | 51 | 22 | 32 | 75 |
| Diluted EPS | $0.79 | $0.85 | $0.78 | $0.68 | $0.87 | $0.39 | $0.55 | $1.28 |
| EBITDA | 62 | 56 | 56 | 48 | 65 | — | 37 | 89 |
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