NYSE$BHVN

Biohaven Ltd old · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

BHVN reported Q4 2025, a net loss of $145.6M, diluted EPS of $-1.21.

For Q4 2025, BHVN reported a net loss of $145.6M, diluted EPS was $-1.21. Management discusses segment performance, capital allocation, and macro risks in the quarterly filing.

  • Net loss $145.6M.
  • Diluted EPS $-1.21.
  • BHVN MD&A covers liquidity, operating priorities, and sector risks.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

-$1.21

Previous: -$1.85+34.6%
R&D Expenses

$122M

Previous: $167M-27.2%
G&A Expenses

$20.8M

Previous: $22.5M-7.4%
Other (Expense) Income, Net

-$2.47M

Previous: $3.14M-178.8%
Weighted Avg Shares Outstanding

120.2M

No prior period
Cash and Marketable Securities

$319M

No prior period
Net Income

-$146M

Previous: -$187M+22.1%
Operating Income

-$143M

Previous: -$190M+24.8%

Revenue & EPS history

Biohaven · Revenue · Quarterly

$0

Q4 2025
Beat estimate in 2 of 6 quarters(33%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, capital returns, and sector risks.

Tailwinds

  • MD&A highlights liquidity and core business trends.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro or input-cost pressure may affect margins.
  • One-time items can affect YoY comparability.

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 Q4 2025

Historical avgQ4 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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