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%
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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