NASDAQ$HRMY

Harmony Biosciences Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Harmony Biosciences Holdings Inc reported strong Q2 2025 financial results driven by continued WAKIX growth.

Net product revenue reached $200.5 million for the quarter, up 16% year-over-year, with net income of $39.8 million. Operating income was $48.2 million and the company maintained a robust cash position of $546.1 million. Average patients on WAKIX were approximately 7,600.

  • Q2 2025 net product revenue of $200.5 million, representing 16% growth versus prior year.
  • Net income increased to $39.8 million with operating income of $48.2 million.
  • Average of 7,600 patients on WAKIX during the quarter.
  • Cash and cash equivalents totaled $546.1 million at quarter end.

Headline financials

Total Revenue

$200M

Previous: $173M+16.0%
EPS (adj)

$0.69

Previous: $0.20+245.0%
Patients on WAKIX

7.6K

Previous: 6.5K+16.0%
Capital Expenditures

-$132K

Previous: -$637K+79.3%
Net Income

$39.8M

Previous: $11.6M+243.2%
Operating Income

$48.2M

Previous: $21.4M+125.6%
Cash & Equivalents

$546M

Previous: $317M+72.1%

Revenue & EPS history

Harmony Biosciences · Revenue · Quarterly

$200M

Q2 2025+16%vs Q2 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Harmony Biosciences · $200M total across 1 segment · Q2 2025

  • WAKIX
    $200M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.3%

Avg return

Earnings day

+3.0%

Avg return

5 days after

+6.0%

Avg return

30 days after

54%

14 / 26 earnings

Positive

+24.4%

Q3 2023

Best reaction

-15.1%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-4.1%-8.0%-1.8%
Q4 2025+2.6%+6.2%+2.1%
Q3 2025-1.6%-5.1%+18.1%
Q1 2025+7.0%+13.7%+16.9%
Q4 2024+8.2%-1.0%-2.4%
Q3 2024-5.5%-7.5%+0.0%
Q2 2024+8.5%+9.4%+15.0%
Q1 2024+3.5%+7.9%-1.3%
Q4 2023-1.5%+1.5%+0.9%
Q3 2023+24.4%+31.5%+47.4%
Q2 2023-7.9%-5.0%+2.5%
Q1 2023+9.9%+9.5%+5.0%
Q4 2022-6.1%-8.0%-15.2%
Q3 2022+12.5%+13.2%+15.4%
Q2 2022+6.3%+6.6%-7.8%
Q1 2022-15.1%-21.9%-5.0%
Q4 2021+5.6%+6.1%+31.5%
Q3 2021+0.1%-0.1%-9.3%
Q2 2021+13.9%+20.1%+41.4%
Q1 2021+1.2%+4.0%+21.8%
Q1 2020+1.2%+4.0%+21.8%
Q2 2020-4.1%+11.4%-2.1%
Q4 2020-4.1%+11.4%-2.1%
Q3 2020-6.8%-7.4%-12.0%
Q4 2019-6.8%-7.4%-12.0%
Q3 2019-6.8%-7.4%-12.0%
Q2 2019
Q1 2019

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