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R&D at other companies

Eli Lilly logo
Eli LillyLLY
$3.82B+14.5%
Xenon Pharmaceuticals logo
Xenon PharmaceuticalsXENE
$99.22M+32.3%
Rapport Therapeutics, Inc. logo
Rapport Therapeutics, Inc.RAPP
$51.41M+127%
Monte Rosa Therapeutics, Inc. logo
Monte Rosa Therapeutics, Inc.GLUE
$47.96M+56.5%
Vir Biotechnology, Inc. logo
Vir Biotechnology, Inc.VIR
$135.28M+38.7%
Avalo Therapeutics logo
Avalo TherapeuticsAVTX
$23.42M+66.4%

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$2.21B+46.6%
Enterprise value$2.22B+36.2%

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 us-gaap:ResearchAndDevelopmentExpense.

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
Operating expenses:
Research and development$103,827$187,584
General and administrative26,60133,977
Total operating expenses130,428221,561
Loss from operations(130,428)(221,561)
Other income, net168493
Loss before provision for income taxes(130,260)(221,068)
Provision for income taxes272609

Item 1. Unaudited Condensed Consolidated Financial Statements

FAQ

What is Biohaven's R&D?
Biohaven (BHVN) reported R&D of $103.83M in Q1 2026.
How has Biohaven's R&D changed year-over-year?
Biohaven's R&D decreased by 44.7% year-over-year, from $187.58M to $103.83M.
What is the long-term trend for Biohaven's R&D?
Over 3 years (2022 to 2025), Biohaven's R&D has grown at a 13.3% compound annual growth rate (CAGR), from $437.07M to $635.07M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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