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BHVN

Biohaven Ltd.

Price Chart
Latest Quote

$13.62

+1.53 (+12.66%)
Current Price
Previous Close $12.09
Open $13.16
Day High $13.97
Day Low $12.97
Volume 6,979,544
Fetched: 2026-06-18T10:29:46
Stock Information
Shares Outstanding 150.56M
Total Debt $286.18M
Cash Equivalents $347.82M
Net Income $-647.68M
Sector Healthcare
Industry Biotechnology
Market Cap $2.05B
EPS (TTM) $-5.57
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$1.76B
Income$-647.68M
Book/sh$0.86
Cash/sh$2.31
Employees274
Financial Ratios
Quick Ratio6.68
Current Ratio7.41
Debt/Eq220.99
Returns & Margins
ROA-83.38%
ROE-333.00%
Ownership
Insider Ownership11.08%
Institutional Ownership97.64%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E-6.97
P/B15.84
Analyst Data
Recommendationbuy
Target Price$21.71
Technical Indicators
SMA20$10.94
SMA50$10.20
SMA200$11.58
RSI72.35
ATR1.0376
Shares Float124.00M
Short Float21.47%
Short Ratio10.67
Volatility3.31
Rel Volume2.08
Performance History
Week+23.04%
Month+60.42%
Quarter+49.83%
6 Months+20.74%
YTD+25.65%
Year-10.28%
3 Years-43.16%
10 Years+90.87%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-17 $13.62 6,980,100
2026-06-16 $12.09 2,375,000
2026-06-15 $12.14 4,471,500
2026-06-12 $11.28 2,361,100
2026-06-11 $11.37 4,385,600
2026-06-10 $11.07 3,936,900
2026-06-09 $11.09 3,772,700
2026-06-08 $11.12 2,281,300
2026-06-05 $10.80 2,036,000
2026-06-04 $11.40 3,427,000
2026-06-03 $10.81 3,114,500
2026-06-02 $10.13 2,330,000
2026-06-01 $11.43 2,701,900
2026-05-29 $11.01 4,891,500
2026-05-28 $10.24 4,471,700
2026-05-27 $11.29 4,784,200
2026-05-26 $10.07 2,216,100
2026-05-22 $9.45 1,439,400
2026-05-21 $9.48 2,157,800
2026-05-20 $8.85 2,903,700
2026-05-19 $8.39 1,486,300
2026-05-18 $8.49 2,105,900
About Biohaven Ltd.

Biohaven Ltd., a biopharmaceutical company, focuses on the discovery, development, and commercialization of treatments for immunology, neuroscience, and oncology therapeutic areas worldwide. It develops BHV-1300, which is in Phase 2 clinical trial to treat Graves' disease and rheumatoid arthritis; BHV-1400 that is in Phase 2 clinical trial for treating IgA nephropathy; BHV-1600, which is in Phase 1 clinical trial for the treatment of peripartum cardiomyopathy; BHV-8000 that is in Phase 3 clinical trial for treating Parkinson's disease; Opakalim, which is in Phase 3 clinical trial for the treatment of focal epilepsy; BHV-2100 that is in Phase 2 clinical trial for the treatment of pain disorders; and BHV-2000, which is in Phase 2 clinical trial for treating obesity. The company is also developing BHV-1510 that is in Phase 2 clinical trial for the treatment of advanced or metastatic epithelial tumors; and BHV-1530, which is in Phase 2 clinical trial for treating urothelial cancer and other tumors. In addition, its preclinical product pipeline includes BHV-1310 for treating myasthenia gravis; BHV-1320 for treating immune mediated-diseases; BHV-1450 for treating Pemphigus, MuSK MG, and LGI-1 Encephalitis; BHV-1420 for treating membranous nephropathy; BHV-1440 for treating Graves' disease and TED; BHV-6500 for treating type 1 diabetes; BHV-1490 for treating IgM neuropathy and Waldenstrom's; BHV-8100 for treating neurodegenerative diseases; and BHV-1955 for treating tinnitus. The company was formerly known as Biohaven Research Ltd. and changed its name to Biohaven Ltd. in September 2022. Biohaven Ltd. was incorporated in 2022 and is headquartered in New Haven, Connecticut.

Period:
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Total Revenue $0 $0 $0 $0
Operating Revenue $0 $0 $0 $0
Expenses
Total Expenses $745,378,000 $885,111,000 $436,051,000 $567,932,000
Other Income Expense $7,998,000 $39,424,000 $26,500,000 $-1,909,000
Other Non Operating Income Expenses $7,998,000 $39,424,000 $26,500,000 $-1,909,000
Operating Expense $745,378,000 $885,111,000 $436,051,000 $567,932,000
General And Administrative Expense $110,313,000 $89,240,000 $62,770,000 $130,860,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Normalized Income $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Net Income From Continuing And Discontinued Operation $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Total Operating Income As Reported $-745,378,000 $-885,111,000 $-436,051,000 $-567,932,000
Net Income Common Stockholders $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Net Income $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Net Income Including Noncontrolling Interests $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Net Income Continuous Operations $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Pretax Income $-737,380,000 $-845,687,000 $-409,551,000 $-569,841,000
Operating Income $-745,378,000 $-885,111,000 $-436,051,000 $-567,932,000
Earnings From Equity Interest - - $0 $0
Per Share
Diluted EPS $-6.86 $-9.28 $-5.73 $-12.75
Basic EPS $-6.86 $-9.28 $-5.73 $-12.75
Other
Tax Effect Of Unusual Items $0 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $-735,456,000 $-877,256,000 $-429,139,000 $-566,546,000
Reconciled Depreciation $9,922,000 $7,855,000 $6,912,000 $1,386,000
EBITDA (Bullshit earnings) $-735,456,000 $-877,256,000 $-429,139,000 $-566,546,000
EBIT $-745,378,000 $-885,111,000 $-436,051,000 $-567,932,000
Diluted Average Shares $107,624,885 $91,234,337 $71,200,527 $44,741,316
Basic Average Shares $107,624,885 $91,234,337 $71,200,527 $44,741,316
Diluted NI Availto Com Stockholders $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Tax Provision $1,442,000 $735,000 $-1,383,000 $438,000
Research And Development $635,065,000 $795,871,000 $373,281,000 $437,072,000
Selling General And Administration $110,313,000 $89,240,000 $62,770,000 $130,860,000
Other Gand A $110,313,000 $89,240,000 $62,770,000 $130,860,000
Fetched: 2026-06-17
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $32,282,000 $403,646,000 $408,185,000 $518,981,000
Total Assets $451,447,000 $615,107,000 $513,212,000 $661,783,000
Total Non Current Assets $83,118,000 $76,635,000 $70,766,000 $74,815,000
Other Non Current Assets $2,306,000 $3,134,000 $2,400,000 $2,585,000
Goodwill And Other Intangible Assets $19,790,000 $19,790,000 $19,790,000 $19,790,000
Other Intangible Assets $18,400,000 $18,400,000 $18,400,000 $18,400,000
Current Assets $368,329,000 $538,472,000 $442,446,000 $586,968,000
Other Current Assets $2,170,000 $3,105,000 $12,133,000 $19,331,000
Prepaid Assets $47,022,000 $49,376,000 $35,242,000 $20,945,000
Cash Cash Equivalents And Short Term Investments $319,137,000 $485,991,000 $381,819,000 $465,341,000
Cash And Cash Equivalents $229,957,000 $99,134,000 $248,402,000 $204,877,000
Receivables - $2,597,000 $13,252,000 $46,139,000
Taxes Receivable - $2,597,000 $13,252,000 $46,139,000
Restricted Cash - - $0 $35,212,000
Cash Financial - - - -
Debt
Net Debt $8,943,000 - - -
Total Debt $284,614,000 $36,584,000 $30,877,000 $33,600,000
Long Term Debt And Capital Lease Obligation $278,858,000 $32,782,000 $27,569,000 $30,581,000
Long Term Debt $238,900,000 - - -
Current Debt And Capital Lease Obligation $5,756,000 $3,802,000 $3,308,000 $3,019,000
Liabilities
Total Liabilities Net Minority Interest $399,375,000 $191,671,000 $85,237,000 $123,012,000
Total Non Current Liabilities Net Minority Interest $283,441,000 $37,445,000 $29,814,000 $32,991,000
Other Non Current Liabilities $4,583,000 $4,663,000 $2,245,000 $2,410,000
Current Liabilities $115,934,000 $154,226,000 $55,423,000 $90,021,000
Other Current Liabilities $42,710,000 $84,710,000 - $11,715,000
Payables And Accrued Expenses $50,687,000 $65,560,000 $52,115,000 $72,399,000
Payables $11,643,000 $18,029,000 $15,577,000 $45,915,000
Accounts Payable $11,643,000 $18,029,000 $15,577,000 $10,703,000
Equity
Common Stock Equity $52,072,000 $423,436,000 $427,975,000 $538,771,000
Total Equity Gross Minority Interest $52,072,000 $423,436,000 $427,975,000 $538,771,000
Stockholders Equity $52,072,000 $423,436,000 $427,975,000 $538,771,000
Gains Losses Not Affecting Retained Earnings $8,348,000 $79,000 $-65,000 $284,000
Other Equity Adjustments $8,348,000 $79,000 $-65,000 $284,000
Retained Earnings $-2,084,536,000 $-1,345,714,000 $-499,292,000 $-91,124,000
Other Equity Interest - - - -
Long Term Equity Investment - - - -
Other
Ordinary Shares Number $132,775,113 $101,221,989 $81,115,723 $68,190,479
Share Issued $132,775,113 $101,221,989 $81,115,723 $68,190,479
Tangible Book Value $32,282,000 $403,646,000 $408,185,000 $518,981,000
Invested Capital $290,972,000 $423,436,000 $427,975,000 $538,771,000
Working Capital $252,395,000 $384,246,000 $387,023,000 $496,947,000
Capital Lease Obligations $45,714,000 $36,584,000 $30,877,000 $33,600,000
Total Capitalization $290,972,000 $423,436,000 $427,975,000 $538,771,000
Additional Paid In Capital $193,984,000 $112,369,000 $39,804,000 $13,869,000
Capital Stock $1,934,276,000 $1,656,702,000 $887,528,000 $615,742,000
Common Stock $1,934,276,000 $1,656,702,000 $887,528,000 $615,742,000
Preferred Stock $0 $0 $0 $0
Long Term Capital Lease Obligation $39,958,000 $32,782,000 $27,569,000 $30,581,000
Current Capital Lease Obligation $5,756,000 $3,802,000 $3,308,000 $3,019,000
Pensionand Other Post Retirement Benefit Plans Current $16,781,000 $154,000 $837,000 $14,603,000
Current Accrued Expenses $39,044,000 $47,531,000 $36,538,000 $26,484,000
Goodwill $1,390,000 $1,390,000 $1,390,000 $1,390,000
Net PPE $61,022,000 $53,711,000 $48,576,000 $52,440,000
Accumulated Depreciation $-16,126,000 $-12,206,000 $-8,283,000 $-4,914,000
Gross PPE $77,148,000 $65,917,000 $56,859,000 $57,354,000
Leases $2,697,000 $824,000 $802,000 $0
Other Properties $45,058,000 $36,709,000 $31,943,000 $37,574,000
Machinery Furniture Equipment $15,315,000 $14,306,000 $12,386,000 $7,483,000
Buildings And Improvements $14,078,000 $14,078,000 $11,728,000 $12,297,000
Properties $0 $0 $0 $0
Other Short Term Investments $89,180,000 $386,857,000 $133,417,000 $260,464,000
Dueto Related Parties Current - - $0 $35,212,000
Minority Interest - - - $0
Investments And Advances - - - $0
Other Investments - - - $0
Land And Improvements - - - $12,297,000
Construction In Progress - - - -
Fetched: 2026-06-17
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $-610,153,000 $-586,502,000 $-334,773,000 $-338,763,000
Operating Activities
Operating Cash Flow $-609,438,000 $-582,453,000 $-331,725,000 $-297,689,000
Cash Flow From Continuing Operating Activities $-609,438,000 $-582,453,000 $-331,725,000 $-297,689,000
Operating Gains Losses $9,426,000 $98,861,000 - $93,747,000
Investing Activities
Capital Expenditure $-715,000 $-4,049,000 $-3,048,000 $-41,074,000
Investing Cash Flow $300,561,000 $-244,974,000 $129,830,000 $-304,790,000
Cash Flow From Continuing Investing Activities $300,561,000 $-244,974,000 $129,830,000 $-304,790,000
Net Other Investing Changes $-1,849,000 - - -
Financing Activities
Issuance Of Capital Stock $189,175,000 $666,165,000 $243,225,000 $283,804,000
Financing Cash Flow $439,117,000 $677,774,000 $211,908,000 $767,597,000
Cash Flow From Continuing Financing Activities $439,117,000 $677,774,000 $211,908,000 $767,597,000
Net Other Financing Charges $-1,891,000 $108,000 $-36,012,000 $483,342,000
Net Common Stock Issuance $189,175,000 $666,165,000 $243,225,000 $283,804,000
Common Stock Issuance $189,175,000 $666,165,000 $243,225,000 $283,804,000
Other
Issuance Of Debt $250,000,000 $0 $0 -
Interest Paid Supplemental Data $216,000 $125,000 $0 $0
Income Tax Paid Supplemental Data $133,000 - - $38,165,000
End Cash Position $232,779,000 $102,542,000 $252,120,000 $242,604,000
Beginning Cash Position $102,542,000 $252,120,000 $242,604,000 $77,057,000
Effect Of Exchange Rate Changes $-3,000 $75,000 $-497,000 $429,000
Changes In Cash $130,240,000 $-149,653,000 $10,013,000 $165,118,000
Proceeds From Stock Option Exercised $1,833,000 $11,501,000 $4,695,000 $451,000
Net Issuance Payments Of Debt $250,000,000 $0 $0 -
Net Long Term Debt Issuance $250,000,000 $0 $0 -
Long Term Debt Issuance $250,000,000 $0 $0 -
Net Investment Purchase And Sale $303,125,000 $-241,316,000 $132,878,000 $-263,716,000
Sale Of Investment $570,000,000 $504,364,000 $326,999,000 $0
Purchase Of Investment $-266,875,000 $-745,680,000 $-194,121,000 $-263,716,000
Net Intangibles Purchase And Sale $0 $391,000 $0 $-35,000,000
Sale Of Intangibles $0 $391,000 $0 $0
Net PPE Purchase And Sale $-715,000 $-4,049,000 $-3,048,000 $-6,074,000
Purchase Of PPE $-715,000 $-4,049,000 $-3,048,000 $-6,074,000
Change In Working Capital $1,357,000 $16,811,000 $24,613,000 $-28,604,000
Change In Payables And Accrued Expense $-2,174,000 $8,768,000 $-2,563,000 $12,732,000
Change In Accrued Expense $4,212,000 $8,058,000 $-7,437,000 $6,804,000
Change In Payable $-6,386,000 $710,000 $4,874,000 $5,928,000
Change In Account Payable $-6,386,000 $710,000 $4,874,000 $5,928,000
Change In Prepaid Assets $3,531,000 $8,043,000 $27,176,000 $-41,336,000
Other Non Cash Items $5,018,000 $68,479,000 $16,131,000 $2,505,000
Stock Based Compensation $112,361,000 $71,963,000 $28,787,000 $193,556,000
Unrealized Gain Loss On Investment Securities $-8,700,000 $0 $0 -
Depreciation Amortization Depletion $9,922,000 $7,855,000 $6,912,000 $1,386,000
Depreciation And Amortization $9,922,000 $7,855,000 $6,912,000 $1,386,000
Gain Loss On Investment Securities $9,426,000 $88,050,000 - -
Gain Loss On Sale Of PPE $0 $10,811,000 $0 $93,747,000
Net Income From Continuing Operations $-738,822,000 $-846,422,000 $-408,168,000 $-570,279,000
Purchase Of Intangibles - $0 $0 $-35,000,000
Asset Impairment Charge - $0 $0 $10,000,000
Net Business Purchase And Sale - - $0 $0
Sale Of Business - - $0 $0
Earnings Losses From Equity Investments - - $0 $0
Change In Other Current Liabilities - - - $0
Change In Other Current Assets - - - $0
Fetched: 2026-06-17