For Q1 FY2026 ended March 31, 2026, Harmony Biosciences reported revenue of $215.4 million, up 16.6% year-over-year. Net income was $32.5 million, down 28.7% from the prior year, while operating income fell 33.7% to $37.3 million. Diluted EPS decreased 29.5% to $0.55. The company held $589.4 million in cash, $910.3 million in equity, and $158.8 million in long-term debt.
•Revenue grew 16.6% YoY to $215.4 million.
•Net income declined 28.7% YoY to $32.5 million.
•Diluted EPS was $0.55, down 29.5% from Q1 FY2025.
•Cash and equivalents totaled $589.4 million as of March 31, 2026.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Harmony Biosciences Holdings, Inc., a commercial-stage pharmaceutical company focuses on developing and commercializing therapies for patients with rare neurological diseases in the United States.
The company offers WAKIX (pitolisant), a molecule with a novel mechanism of action for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. It also develops Pitolisant that is in Phase 3 clinical trial for the treatment of Prader-Willi Syndrome (PWS).
Its portfolio also includes in Phase 2 clinical trial to treat Myotonic Dystrophy (DM1), and is in Phase 2 clinical trials for the treatment of Pitolisant Gastro-Resistant (GR) and Pitolisant High-Dose (HD).
Additionally, it's products under development include BP1.15205, an orexin 2 receptor agonist for the treatment of narcolepsy and potential indications HBS-102, a melanin-concentrating hormone receptor type 1 (MCHR1) antagonist. It also develops ZYN-002 that is in a Phase 3 registrational trial for the treatment of Fragile X Syndrome
22q Deletion Syndrome, a disorder caused by a small missing piece on the long arm of the 22nd chromosome. Additionally, it is developing EPX-100 (clemizole hydrochloride), a serotonin (5HT-2) receptor agonist to treat dravet syndrome and lenox-gastaut syndrome.
Its portfolio also includes EPX-200 (liquid formulation of lorcaserin), a selective 5HT-2C agonist to treat developmental and epileptic encephalopathies, CBS105 for the treatment-resistant narcolepsy, and CBS104 for refractory epilepsy.
Incorporated in 2017 and headquartered in Plymouth Meeting, Pennsylvania, Harmony Biosciences was formerly known as Harmony Biosciences II, Inc. before rebranding in February 2020.
What does Harmony Biosciences Holdings, Inc. (HRMY) do?
Harmony Biosciences Holdings, Inc. is a commercial-stage pharmaceutical company focused on developing and commercializing therapies for patients with rare neurological diseases in the United States. Its primary marketed product is WAKIX (pitolisant), a molecule with a novel mechanism of action approved for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. The company also has a robust pipeline, including pitolisant in Phase 3 clinical trials for Prader-Willi Syndrome, Phase 2 trials for Myotonic Dystrophy, and additional formulations such as Pitolisant Gastro-Resistant and Pitolisant High-Dose. Other pipeline candidates include BP1.15205, an orexin 2 receptor agonist for narcolepsy; HBS-102, a melanin-concentrating hormone receptor type 1 antagonist; ZYN-002 for Fragile X Syndrome and 22q Deletion Syndrome; EPX-100 for Dravet and Lennox-Gastaut syndromes; EPX-200 for developmental and epileptic encephalopathies; and CBS105 and CBS104 for treatment-resistant narcolepsy and refractory epilepsy, respectively.
On which stock exchange is Harmony Biosciences (HRMY) listed and in what currency?
Harmony Biosciences Holdings, Inc. is listed on the Nasdaq Global Market (NasdaqGM) under the ticker symbol HRMY. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a US-based company trading on a major American exchange, its stock is traded in USD, making it accessible to investors through standard US brokerage accounts.
What sector and industry does Harmony Biosciences (HRMY) operate in?
Harmony Biosciences operates in the Healthcare sector, specifically within the Biotechnology industry. As a biotechnology company, it focuses on researching, developing, and commercializing innovative therapies for rare neurological diseases. The company's work involves advanced molecular science, including novel mechanisms of action such as pitolisant's targeting of histamine receptors, as well as orexin receptor agonists and serotonin receptor modulators. This places it at the intersection of pharmaceutical development and cutting-edge biotech research, addressing unmet medical needs in neurology.
Where is Harmony Biosciences headquartered and what markets does it serve?
Harmony Biosciences is headquartered in Plymouth Meeting, Pennsylvania, United States. The company primarily serves the US market, as indicated by its focus on commercializing therapies within the United States. Its marketed product WAKIX is available to adult patients with narcolepsy in the US, and its clinical trials for pipeline candidates are conducted in the US. The company's operations are centered on the American healthcare system, and it does not currently have a presence in international markets based on the available data.
How does Harmony Biosciences (HRMY) generate revenue and what is its business model?
Harmony Biosciences generates revenue primarily through the commercialization of its approved product, WAKIX (pitolisant), for the treatment of excessive daytime sleepiness in adult patients with narcolepsy. As a commercial-stage pharmaceutical company, its business model involves developing therapies for rare neurological diseases, obtaining regulatory approval, and then marketing and selling these therapies to healthcare providers and patients in the United States. The company also invests in a diverse pipeline of drug candidates targeting conditions such as Prader-Willi Syndrome, Myotonic Dystrophy, Fragile X Syndrome, and various epileptic encephalopathies. If these candidates receive approval, they would contribute additional revenue streams. Harmony's focus on rare diseases allows it to address niche markets with high unmet medical needs, often benefiting from orphan drug designations and market exclusivity.