NYSE$BHVN

Biohaven Ltd old · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Biohaven reported Q2 2025, net loss of $198.1M, diluted EPS of $-1.15.

For Q2 2025, Biohaven reported a net loss of $198.1M, diluted EPS was $-1.15. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Net loss $198.1M.
  • Diluted EPS $-1.15.
  • Biohaven MD&A highlights liquidity, capital, and core trends.
  • Segment and macro factors shape year-over-year comparisons.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.15

Previous: -$3.50+67.1%
R&D Expenses

$184M

Previous: $315M-41.4%
G&A Expenses

$27.3M

Previous: $19M+44.2%
Other (Expense) Income, Net

$13.8M

Previous: $14.2M-2.6%
Weighted Avg Shares Outstanding

102.4M

No prior period
Cash and Marketable Securities

$408M

No prior period
Net Income

-$198M

Previous: -$320M+38.0%
Operating Income

-$212M

Previous: -$334M+36.6%

Revenue & EPS history

Biohaven · Revenue · Quarterly

$0

Q2 2025
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Forward guidance

Clinical-stage and growth biotech discuss trial milestones, cash runway, and partnership optionality.

Tailwinds

  • Pipeline progress and data readouts.
  • Cash runway from recent financings.
  • Licensing or collaboration potential.

Headwinds

  • Trial failure or regulatory delays.
  • Dilution from equity raises.
  • Commercialization timing uncertainty.

Historical earnings impact

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

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.5%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+7.7%

Avg return

30 days after

50%

7 / 14 earnings

Positive

+12.6%

Q2 2024

Best reaction

-12.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-9.7%-16.0%-17.0%
Q3 2024-6.5%+0.5%+28.3%
Q3 2025-5.7%+0.5%+28.3%
Q2 2025-9.0%+6.6%-5.0%
Q1 2025+0.0%-3.7%-5.2%
Q4 2024-2.2%-7.1%-36.3%
Q2 2024+12.6%+13.7%+6.7%
Q1 2024-12.5%-8.7%-17.5%
Q4 2023+4.7%+24.0%+15.6%
Q3 2023+1.0%+4.6%+30.9%
Q2 2023+3.1%+3.4%-3.3%
Q1 2023+5.3%+2.2%+72.6%
Q4 2022+10.4%+5.4%+10.8%
Q3 2022+1.2%+2.2%-0.9%
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Q4 2021———
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Q4 2018———
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Q4 2017———
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Q2 2017———
Q1 2017———

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