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Biohaven BHVN Business Segments — Direct R&D program expense

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Other financials

Income statement

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Operating income-$130.4M+41.1%
Net income-$130.5M+41.1%
EPS (diluted)-$0.88+59.4%

Balance sheet

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Cash & equivalents$277.1M+170%
Total debt$286.2M+706%
Total equity$129.5M-50.1%
Total assets$466.4M+1.6%

Cash flow

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Operating cash flow-$149.9M+9.2%
CapEx--100%
Free cash flow-$149.9M+9.5%

Valuation

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Market cap$2.25B-48.1%

Returns & leverage

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Return on equity-333%+17.9pp
Debt / equity2.2×+2.1×
Current ratio7.4×+5.1×

Where this comes from

Reported directly by Biohaven in its filing.

Tagged under the XBRL concept bhvn:ResearchAndDevelopmentProgramExpense.

The official record: Biohaven’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Biohaven's business segments — direct R&D program expense?
Biohaven (BHVN) reported business segments — direct R&D program expense of $19.73M in Q1 2026.
How has Biohaven's business segments — direct R&D program expense changed year-over-year?
Biohaven's business segments — direct R&D program expense decreased by 37.5% year-over-year, from $31.57M to $19.73M.
What is the long-term trend for Biohaven's business segments — direct R&D program expense?
Over 3 years (2022 to 2025), Biohaven's business segments — direct R&D program expense has grown at a -4.4% compound annual growth rate (CAGR), from $131.96M to $115.27M.
What does business segments — direct R&D program expense mean?
Represents the direct costs associated with specific clinical-stage research and development programs within the reportable business segment. This metric captures the capital allocated to advancing therapeutic candidates through the clinical trial pipeline. Monitoring this helps investors assess the company's commitment to its core drug development initiatives.