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MARKETS / NASDAQ / HRMY
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Harmony Biosciences Holdings, Inc. HRMY

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$868.5M
▲ 21.5% YoY
$158.7M
▲ 9.1% YoY
$347.9M
▲ 59.1% YoY
In brief

What this company does

Harmony Biosciences Holdings, Inc. sells WAKIX (pitolisant) to a limited number of specialty distributors, which in turn distribute it to patients. Its lead product, WAKIX (pitolisant), enhances histamine signaling in the brain by binding to H3 receptors. Its corporate headquarters are located at 630 W. Germantown Pike, Plymouth Meeting, Pennsylvania. Net product revenue from sales of WAKIX was $868.5 million for the year ended December 31, 2025. Caremark LLC accounted for 38% of gross product revenue for the year ended December 31, 2025. Its product portfolio spans sleep/wake, rare epilepsy, and neurobehavioral areas of focus. In July 2017, it entered into a license agreement with Bioprojet Société Civile de Recherche under which it acquired the exclusive right to commercialize pitolisant.

Written from the business description in Harmony Biosciences Holdings, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth
USD 868.5M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 868.5 · Net income 158.7
400M800M-80M2019202020212022202320242025
Compound annual growth
+25.6%
+40.3%
−4.4%
−3.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +40.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
18 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 24.0% · Net 18.3%
-1000%-2000%2019202020212022202320242025
ROE
FY2025 · ROE 20.8%
20%40%60%2019202020212022202320242025

Each USD of equity produced 21 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 347.9
200M-40M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2023 · Dividends — · Net buybacks 94.9
40M80M20202023

Total assetsUSD 1.3B
EquityUSD 870.2M
CashUSD 752.5M
Gross debtUSD 163.7M
Net debtUSD -588.8M
Current ratio3.60×

The company holds more cash than debt.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.90.70.60.40.30.20.0
Operating income $B0.20.20.20.10.10.0−0.1
EBITDA $B·0.20.20.10.10.0−0.1
Income tax $B0.10.00.0−0.10.0··
Net income $B0.20.10.10.20.0−0.0−0.2
Free cash flow $B0.30.20.20.10.1−0.0−0.1
EPS, diluted $2.712.512.132.970.58−2.48−24.07
Dividend / sh $·······
Payout %·······
ROE %20.825.829.661.624.4··
Shares out B0.060.060.060.060.060.060.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 35 reconciliationsAUDITED

Reconciled in 7 of 19 fiscal years. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2019

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