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Biohaven BHVN Business Segments — Preclinical research programs R&D 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$2.17B+41.2%
Enterprise value$2.18B+31.3%

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:ResearchAndDevelopmentPreclinicalResearchPrograms.

The source filing: Biohaven’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001935979-26-000045
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
BHV-1510 (TROP-2)4,0374,490
BHV-1530 (FGFR3)1,1993,176
Other R&D program expense49511
Preclinical research programs R&D Expense8,54925,535
R&D personnel expense (excluding share-based compensation)(1)21,01221,138
R&D Share-based compensation expense18,47535,233
G&A personnel expense (excluding share-based compensation)(1)5,4556,474
G&A Share-based compensation expense9,81117,829

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Biohaven's business segments — preclinical research programs R&D expense?
Biohaven (BHVN) reported business segments — preclinical research programs R&D expense of $8.55M in Q1 2026.
How has Biohaven's business segments — preclinical research programs R&D expense changed year-over-year?
Biohaven's business segments — preclinical research programs R&D expense decreased by 66.5% year-over-year, from $25.54M to $8.55M.
What is the long-term trend for Biohaven's business segments — preclinical research programs R&D expense?
Over 3 years (2022 to 2025), Biohaven's business segments — preclinical research programs R&D expense has grown at a 57.1% compound annual growth rate (CAGR), from $18.12M to $70.2M.
What does business segments — preclinical research programs R&D expense mean?
Captures the expenditures dedicated to early-stage research and discovery activities before clinical trials begin. This reflects the company's investment in building its future drug pipeline through innovation and scientific exploration. High levels of spending here indicate a focus on long-term growth and portfolio expansion.

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