NASDAQ$HRMY

Harmony Biosciences Holdings Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Harmony Biosciences reported Q3 2025 revenue of $239.5M, net income of $50.9M.

For Q3 2025, Harmony Biosciences reported Revenue was $239.5M, net income was $50.9M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $239.5M for Q3 2025.
  • Net income $50.9M.
  • MD&A highlights operating priorities, capital, and sector risks.

Headline financials

Total Revenue

$239M

Previous: $186M+28.7%
EPS

$0.87

Previous: $0.79+10.1%
Capital Expenditures

-$203K

Previous: -$640K+68.3%
Free Cash Flow

$50.7M

Previous: $45.5M+11.5%
Net Income

$50.9M

Previous: $46.1M+10.4%
Operating Income

$65.5M

Previous: $61.7M+6.1%
Gross Profit

$180M

Previous: $143M+25.5%

Revenue & EPS history

Harmony Biosciences · Revenue · Quarterly

$239M

Q3 2025+28.7%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Harmony Biosciences · $160M total across 1 segment · Q3 2023

  • WAKIX Net Product Revenue
    $160M+36.8%

Forward guidance

Biotech and pharma outlook centers on pipeline milestones, launches, and cash runway.

Tailwinds

  • Product revenue growth and label expansions.
  • Collaboration and trial readouts support the narrative.

Headwinds

  • R&D spend and operating losses pressure near-term earnings.
  • Regulatory and competitive risks for key products.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+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
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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