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Harmony Biosciences (HRMY) Financials

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Annual Income Statements for Harmony Biosciences

Annual Income Statements for Harmony Biosciences

This table shows Harmony Biosciences' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-187 -64 35 181 129 146
Consolidated Net Income / (Loss)
-152 -37 35 181 129 145
Net Income / (Loss) Continuing Operations
-152 -37 35 181 129 145
Total Pre-Tax Income
-152 -37 37 105 173 192
Total Operating Income
-146 17 88 120 192 191
Total Gross Profit
4.42 132 250 354 461 558
Total Revenue
6.00 160 305 438 582 715
Operating Revenue
6.00 160 305 438 582 715
Total Cost of Revenue
1.58 28 56 83 121 157
Operating Cost of Revenue
1.58 28 56 83 121 157
Total Operating Expenses
150 115 162 234 269 367
Selling, General & Admin Expense
36 40 64 84 95 110
Marketing Expense
44 56 68 79 97 111
Research & Development Expense
70 19 30 71 76 146
Total Other Income / (Expense), net
-6.07 -54 -50 -16 -19 0.98
Interest Expense
0.00 23 50 19 34 17
Interest & Investment Income
-6.07 -28 0.22 3.13 15 19
Other Income / (Expense), net
0.00 -3.07 0.02 0.17 - -0.07
Income Tax Expense
0.00 0.00 2.83 -77 45 46
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
- - 0.00 0.15 -0.15 -0.06
Basic Earnings per Share
($24.07) ($2.48) $0.60 $3.07 $2.17 $2.56
Weighted Average Basic Shares Outstanding
7.78M 25.77M 57.53M 59.17M 59.47M 56.89M
Diluted Earnings per Share
($24.07) ($2.48) $0.58 $2.97 $2.13 $2.51
Weighted Average Diluted Shares Outstanding
7.78M 25.77M 59.21M 61.10M 60.37M 57.87M
Weighted Average Basic & Diluted Shares Outstanding
- 56.89M 58.87M 59.62M 56.77M 57.35M

Quarterly Income Statements for Harmony Biosciences

This table shows Harmony Biosciences' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
88 49 30 34 38 27 38 12 47 49
Consolidated Net Income / (Loss)
88 49 29 34 38 27 38 12 46 49
Net Income / (Loss) Continuing Operations
88 49 29 34 38 27 38 12 46 49
Total Pre-Tax Income
7.97 44 38 44 52 40 52 22 62 56
Total Operating Income
12 48 40 47 65 40 52 21 62 56
Total Gross Profit
94 101 98 109 128 125 127 141 143 147
Total Revenue
117 128 119 134 160 168 155 173 186 201
Operating Revenue
117 128 119 134 160 168 155 173 186 201
Total Cost of Revenue
23 27 21 25 32 43 27 32 43 54
Operating Cost of Revenue
23 27 21 25 32 43 27 32 43 54
Total Operating Expenses
82 54 58 62 63 85 75 119 82 91
Selling, General & Admin Expense
21 23 22 23 23 28 26 27 29 29
Marketing Expense
20 21 23 25 23 27 27 29 28 28
Research & Development Expense
41 10 13 15 17 30 22 64 25 35
Total Other Income / (Expense), net
-3.93 -3.51 -2.64 -2.81 -13 -0.67 -0.25 0.34 0.46 0.43
Interest Expense
0.00 - 5.73 6.22 17 4.80 4.54 4.40 4.35 4.21
Interest & Investment Income
-3.99 15 3.09 3.44 4.11 4.10 4.43 4.71 4.93 4.48
Other Income / (Expense), net
0.06 0.07 0.00 -0.03 -0.01 - -0.14 0.04 -0.12 0.16
Income Tax Expense
-80 -4.41 8.30 9.80 13 13 13 10 16 6.68
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)
0.15 -0.03 -0.12 0.49 -0.01 -0.52 0.17 0.06 -0.73 0.43
Basic Earnings per Share
$1.48 $0.83 $0.49 $0.57 $0.64 $0.47 $0.68 $0.20 $0.81 $0.87
Weighted Average Basic Shares Outstanding
59.23M 59.17M 59.73M 59.97M 59.86M 59.47M 56.77M 56.80M 56.87M 56.89M
Diluted Earnings per Share
$1.44 $0.79 $0.48 $0.56 $0.63 $0.46 $0.67 $0.20 $0.79 $0.85
Weighted Average Diluted Shares Outstanding
61.21M 61.10M 61.22M 60.74M 60.68M 60.37M 57.60M 57.54M 58.10M 57.87M
Weighted Average Basic & Diluted Shares Outstanding
59.32M 59.62M 59.95M 60.00M 58.57M 56.77M 56.79M 56.83M 57.03M 57.35M

Annual Cash Flow Statements for Harmony Biosciences

This table details how cash moves in and out of Harmony Biosciences' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-59 204 5.68 9.48 67 141
Net Cash From Operating Activities
-75 -2.99 99 144 219 220
Net Cash From Continuing Operating Activities
-75 -2.99 99 144 219 220
Net Income / (Loss) Continuing Operations
-152 -37 35 181 129 145
Consolidated Net Income / (Loss)
-152 -37 35 181 129 145
Depreciation Expense
0.40 0.39 0.42 0.42 0.51 0.27
Amortization Expense
3.41 12 21 24 23 22
Non-Cash Adjustments To Reconcile Net Income
64 33 42 28 45 88
Changes in Operating Assets and Liabilities, net
8.29 -12 0.63 -90 22 -37
Net Cash From Investing Activities
-127 -2.00 -100 -142 -46 -67
Net Cash From Continuing Investing Activities
-127 -2.00 -100 -142 -46 -67
Purchase of Property, Plant & Equipment
-0.15 -0.00 -0.30 -0.17 -37 -34
Purchase of Investments
- 0.00 0.00 -111 -127 -105
Sale and/or Maturity of Investments
- 0.00 0.00 9.07 118 99
Other Investing Activities, net
-127 -2.00 -100 -40 - -27
Net Cash From Financing Activities
144 209 7.42 6.84 -106 -11
Net Cash From Continuing Financing Activities
144 209 7.42 6.84 -106 -11
Repayment of Debt
-5.18 -126 -232 -2.00 -210 -15
Repurchase of Common Equity
0.00 -0.17 -0.30 0.00 -100 0.00
Issuance of Debt
100 200 200 0.00 200 0.00
Other Financing Activities, net
0.09 -12 9.37 8.84 4.54 4.00
Cash Interest Paid
4.23 26 20 16 20 17
Cash Income Taxes Paid
0.00 0.00 2.88 13 48 80

Quarterly Cash Flow Statements for Harmony Biosciences

This table details how cash moves in and out of Harmony Biosciences' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
25 -18 44 29 7.19 -13 21 -16 70 66
Net Cash From Operating Activities
55 27 43 37 63 77 31 43 71 76
Net Cash From Continuing Operating Activities
55 27 43 37 63 77 31 43 71 76
Net Income / (Loss) Continuing Operations
88 49 29 34 38 27 38 12 46 49
Consolidated Net Income / (Loss)
88 49 29 34 38 27 38 12 46 49
Depreciation Expense
0.10 0.11 0.10 0.10 0.14 0.16 0.16 0.09 0.01 0.01
Amortization Expense
6.38 5.95 5.74 5.71 6.49 5.46 5.55 5.51 5.59 5.64
Non-Cash Adjustments To Reconcile Net Income
7.24 8.16 6.93 8.22 18 12 11 54 12 11
Changes in Operating Assets and Liabilities, net
-46 -36 0.30 -11 -0.18 33 -24 -29 6.87 9.10
Net Cash From Investing Activities
-32 -47 -1.79 -7.77 -0.81 -36 -6.19 -55 0.75 -7.19
Net Cash From Continuing Investing Activities
-32 -47 -1.79 -7.77 -0.81 -36 -6.19 -55 0.75 -7.19
Purchase of Property, Plant & Equipment
-0.09 - 0.00 -0.21 - -37 -0.01 -0.63 -0.00 -34
Purchase of Investments
-33 -55 -48 -25 -33 -22 -25 -21 -23 -36
Sale and/or Maturity of Investments
0.87 8.20 46 18 32 23 19 26 24 30
Other Investing Activities, net
- - - - - - - - - -1.00
Net Cash From Financing Activities
2.05 2.66 3.41 -0.34 -55 -54 -3.63 -3.45 -1.18 -2.74
Net Cash From Continuing Financing Activities
2.05 2.66 3.41 -0.34 -55 -54 -3.63 -3.45 -1.18 -2.74
Repayment of Debt
-0.50 -0.50 -0.50 -0.50 -205 -3.75 -3.75 -3.75 -3.75 -3.75
Other Financing Activities, net
2.14 3.57 3.91 0.16 0.24 0.23 0.12 0.30 2.58 1.01
Cash Interest Paid
3.81 5.03 5.02 5.67 4.96 4.40 4.59 4.36 4.23 4.15
Cash Income Taxes Paid
9.41 2.94 - - 17 12 - - 16 21

Annual Balance Sheets for Harmony Biosciences

This table presents Harmony Biosciences' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Total Assets
107 427 433 674 811 999
Total Current Assets
31 263 284 400 451 579
Cash & Equivalents
24 229 234 244 312 453
Short-Term Investments
- - 0.00 79 42 14
Accounts Receivable
4.26 22 35 55 74 83
Inventories, net
1.09 3.82 4.43 4.30 5.36 7.20
Prepaid Expenses
1.44 6.96 7.64 9.35 13 14
Other Current Assets
0.26 1.30 3.22 8.79 5.54 8.12
Plant, Property, & Equipment, net
1.33 0.94 0.82 0.57 0.37 1.26
Total Noncurrent Assets
74 163 148 273 360 419
Long-Term Investments
- - 0.00 23 72 109
Intangible Assets
72 162 144 161 137 113
Noncurrent Deferred & Refundable Income Taxes
- - 0.00 86 144 190
Other Noncurrent Operating Assets
1.69 0.90 4.27 3.55 6.57 6.16
Total Liabilities & Shareholders' Equity
107 427 433 674 811 999
Total Liabilities
118 330 247 271 344 340
Total Current Liabilities
20 135 54 79 164 175
Short-Term Debt
- 0.00 2.00 2.00 15 16
Accounts Payable
6.36 2.56 1.00 3.79 18 14
Accrued Expenses
5.50 123 40 60 99 121
Current Employee Benefit Liabilities
7.92 8.94 9.17 12 24 19
Other Current Liabilities
0.12 0.31 1.36 1.62 7.81 5.67
Total Noncurrent Liabilities
98 195 193 192 181 165
Long-Term Debt
98 194 190 190 179 163
Other Noncurrent Operating Liabilities
0.16 1.11 3.18 2.50 2.11 1.95
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-423 97 187 403 467 659
Total Preferred & Common Equity
-423 97 187 403 467 659
Total Common Equity
-423 97 187 403 467 659
Common Stock
0.00 585 640 675 610 657
Retained Earnings
-423 -488 -454 -272 -143 2.22
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 -0.15 0.00 0.07

Quarterly Balance Sheets for Harmony Biosciences

This table presents Harmony Biosciences' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
643 715 760 778 847 858 928
Total Current Assets
382 418 456 463 480 458 522
Cash & Equivalents
261 288 317 325 333 317 387
Short-Term Investments
46 56 54 46 39 30 23
Accounts Receivable
55 53 64 67 80 83 82
Inventories, net
3.90 4.09 4.85 5.09 5.86 5.64 6.92
Prepaid Expenses
11 11 9.44 14 13 16 16
Other Current Assets
4.11 6.15 6.55 5.70 8.68 6.51 7.46
Plant, Property, & Equipment, net
0.68 0.47 0.57 0.43 0.21 0.75 0.75
Total Noncurrent Assets
261 248 304 314 367 399 405
Long-Term Investments
8.28 - 59 68 81 87 94
Intangible Assets
167 155 149 143 131 125 119
Noncurrent Deferred & Refundable Income Taxes
82 89 94 100 148 180 185
Other Noncurrent Operating Assets
3.83 3.62 2.71 3.09 7.24 6.74 6.52
Total Liabilities & Shareholders' Equity
643 715 760 778 847 858 928
Total Liabilities
300 272 275 296 332 320 331
Total Current Liabilities
107 85 93 112 154 147 161
Short-Term Debt
2.00 6.50 11 15 15 15 15
Accounts Payable
10 6.41 6.56 6.54 15 23 11
Accrued Expenses
86 57 64 73 92 92 110
Current Employee Benefit Liabilities
8.33 5.69 7.97 10 7.32 9.64 14
Other Current Liabilities
1.37 9.95 3.95 7.79 25 7.61 12
Total Noncurrent Liabilities
192 187 182 184 177 173 170
Long-Term Debt
190 185 180 182 175 171 168
Other Noncurrent Operating Liabilities
2.50 1.63 1.48 1.90 2.34 1.80 2.21
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
344 443 485 481 515 539 597
Total Preferred & Common Equity
344 443 485 481 515 539 597
Total Common Equity
344 443 485 481 515 539 597
Common Stock
665 686 694 652 621 632 644
Retained Earnings
-321 -243 -208 -170 -105 -93 -47
Accumulated Other Comprehensive Income / (Loss)
-0.18 -0.03 -0.52 -0.52 -0.17 -0.23 0.50

Annual Metrics and Ratios for Harmony Biosciences

This table displays calculated financial ratios and metrics derived from Harmony Biosciences' official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 2,564.59% 91.21% 43.35% 32.93% 22.80%
EBITDA Growth
0.00% 118.69% 308.91% 33.46% 48.96% -1.22%
EBIT Growth
0.00% 109.54% 529.13% 37.48% 59.55% -0.66%
NOPAT Growth
0.00% 111.64% 580.46% 157.50% -31.50% 1.44%
Net Income Growth
0.00% 75.69% 193.65% 424.52% -28.99% 12.91%
EPS Growth
0.00% 89.70% 123.39% 412.07% -28.28% 17.84%
Operating Cash Flow Growth
0.00% 96.04% 3,401.74% 46.58% 51.86% 0.20%
Free Cash Flow Firm Growth
0.00% 0.00% -104.32% 21,912.47% 50.96% -25.07%
Invested Capital Growth
0.00% 1.45% 129.59% 72.56% -5.58% 11.68%
Revenue Q/Q Growth
0.00% 0.00% 12.91% 9.26% 7.40% 4.82%
EBITDA Q/Q Growth
0.00% 0.00% 22.99% 15.91% -3.52% 7.85%
EBIT Q/Q Growth
0.00% 0.00% 31.36% 18.77% -3.74% 8.84%
NOPAT Q/Q Growth
0.00% 0.00% 30.26% 12.48% -15.61% 18.07%
Net Income Q/Q Growth
0.00% 0.00% 196.28% 16.57% -14.53% 18.65%
EPS Q/Q Growth
0.00% 0.00% -89.45% 16.02% -13.41% 18.40%
Operating Cash Flow Q/Q Growth
0.00% 91.94% 38.67% -6.99% 29.51% -0.50%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% -13.60% 5.38% 33.73%
Invested Capital Q/Q Growth
0.00% 0.00% -6.61% 13.32% -2.15% -4.58%
Profitability Metrics
- - - - - -
Gross Margin
73.69% 82.64% 81.82% 80.93% 79.17% 78.06%
EBITDA Margin
-2,370.34% 16.63% 35.56% 33.11% 37.10% 29.84%
Operating Margin
-2,433.76% 10.63% 28.66% 27.45% 32.99% 26.70%
EBIT Margin
-2,433.76% 8.71% 28.66% 27.49% 32.99% 26.69%
Profit (Net Income) Margin
-2,535.06% -23.13% 11.33% 41.44% 22.14% 20.36%
Tax Burden Percent
100.00% 100.00% 92.44% 173.35% 74.31% 75.86%
Interest Burden Percent
104.16% -265.50% 42.75% 86.98% 90.30% 100.55%
Effective Tax Rate
0.00% 0.00% 7.56% -73.35% 25.69% 24.15%
Return on Invested Capital (ROIC)
-164.99% 19.07% 78.18% 106.03% 59.00% 58.22%
ROIC Less NNEP Spread (ROIC-NNEP)
-232.81% -230.66% 198.93% 133.39% 66.17% 57.98%
Return on Net Nonoperating Assets (RNNOA)
1,476.60% -105.39% -53.79% -44.45% -29.37% -32.38%
Return on Equity (ROE)
1,311.62% -86.32% 24.39% 61.58% 29.63% 25.84%
Cash Return on Invested Capital (CROIC)
0.00% 17.63% -0.46% 52.78% 64.74% 47.18%
Operating Return on Assets (OROA)
-136.74% 5.21% 20.35% 21.74% 25.86% 21.07%
Return on Assets (ROA)
-142.43% -13.84% 8.04% 32.78% 17.35% 16.07%
Return on Common Equity (ROCE)
47,866.81% 328.47% 24.39% 61.58% 29.63% 25.84%
Return on Equity Simple (ROE_SIMPLE)
35.94% -38.02% 18.55% 45.05% 27.59% 22.07%
Net Operating Profit after Tax (NOPAT)
-102 12 81 208 143 145
NOPAT Margin
-1,703.63% 7.44% 26.49% 47.58% 24.52% 20.25%
Net Nonoperating Expense Percent (NNEP)
67.82% 249.73% -120.75% -27.37% -7.17% 0.24%
Return On Investment Capital (ROIC_SIMPLE)
- - - 35.04% 21.60% 17.26%
Cost of Revenue to Revenue
26.31% 17.36% 18.18% 19.07% 20.83% 21.94%
SG&A Expenses to Revenue
607.32% 24.88% 20.92% 19.19% 16.37% 15.44%
R&D to Revenue
1,160.88% 12.17% 9.94% 16.19% 13.07% 20.40%
Operating Expenses to Revenue
2,507.46% 72.00% 53.17% 53.49% 46.18% 51.36%
Earnings before Interest and Taxes (EBIT)
-146 14 88 120 192 191
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-142 27 109 145 216 213
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 21.16 13.37 8.11 4.05 2.98
Price to Tangible Book Value (P/TBV)
0.00 0.00 58.54 13.51 5.74 3.59
Price to Revenue (P/Rev)
21.41 12.87 8.16 7.46 3.25 2.75
Price to Earnings (P/E)
0.00 0.00 72.06 18.03 14.67 13.48
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 1.39% 5.55% 6.82% 7.42%
Enterprise Value to Invested Capital (EV/IC)
9.90 32.20 17.00 12.52 7.07 5.97
Enterprise Value to Revenue (EV/Rev)
102.27 12.66 8.02 7.11 2.85 2.19
Enterprise Value to EBITDA (EV/EBITDA)
0.00 76.12 22.56 21.48 7.69 7.34
Enterprise Value to EBIT (EV/EBIT)
0.00 145.32 28.00 25.88 8.64 8.21
Enterprise Value to NOPAT (EV/NOPAT)
0.00 170.07 30.29 14.95 11.63 10.82
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 24.87 21.56 7.57 7.12
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 183.91 0.00 30.03 10.60 13.35
Leverage & Solvency
- - - - - -
Debt to Equity
-8.45 2.00 1.03 0.48 0.41 0.27
Long-Term Debt to Equity
-8.45 2.00 1.02 0.47 0.38 0.25
Financial Leverage
-6.34 0.46 -0.27 -0.33 -0.44 -0.56
Leverage Ratio
-9.21 6.24 3.03 1.88 1.71 1.61
Compound Leverage Factor
-9.59 -16.56 1.30 1.63 1.54 1.62
Debt to Total Capital
113.42% 66.65% 50.72% 32.24% 29.30% 21.38%
Short-Term Debt to Total Capital
0.00% 0.00% 0.53% 0.34% 2.27% 1.94%
Long-Term Debt to Total Capital
113.42% 66.65% 50.20% 31.90% 27.03% 19.44%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
476.24% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-489.66% 33.35% 49.28% 67.76% 70.70% 78.62%
Debt to EBITDA
-0.69 7.31 1.77 1.32 0.90 0.84
Net Debt to EBITDA
-0.52 -1.29 -0.39 -1.06 -1.07 -1.86
Long-Term Debt to EBITDA
-0.69 7.31 1.75 1.31 0.83 0.76
Debt to NOPAT
-0.96 16.34 2.37 0.92 1.36 1.24
Net Debt to NOPAT
-0.72 -2.89 -0.52 -0.74 -1.63 -2.74
Long-Term Debt to NOPAT
-0.96 16.34 2.35 0.91 1.25 1.13
Altman Z-Score
-9.22 2.98 6.60 8.48 4.97 5.30
Noncontrolling Interest Sharing Ratio
-3,549.45% 480.50% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
1.58 1.95 5.29 5.07 2.75 3.31
Quick Ratio
1.44 1.86 5.01 4.79 2.61 3.14
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 11 -0.48 104 157 117
Operating Cash Flow to CapEx
-50,628.19% -149,250.00% 33,072.82% 83,991.86% 588.50% 642.34%
Free Cash Flow to Firm to Interest Expense
0.00 0.49 -0.01 5.52 4.67 6.71
Operating Cash Flow to Interest Expense
0.00 -0.13 1.96 7.69 6.54 12.56
Operating Cash Flow Less CapEx to Interest Expense
0.00 -0.13 1.95 7.68 5.43 10.61
Efficiency Ratios
- - - - - -
Asset Turnover
0.06 0.60 0.71 0.79 0.78 0.79
Accounts Receivable Turnover
1.41 12.09 10.71 9.78 9.03 9.09
Inventory Turnover
1.45 11.30 13.45 19.13 25.10 24.97
Fixed Asset Turnover
4.51 140.87 347.49 628.65 1,233.10 878.05
Accounts Payable Turnover
0.25 6.22 31.22 34.88 11.27 9.96
Days Sales Outstanding (DSO)
259.06 30.20 34.07 37.34 40.41 40.13
Days Inventory Outstanding (DIO)
251.82 32.31 27.14 19.08 14.54 14.62
Days Payable Outstanding (DPO)
1,472.04 58.66 11.69 10.47 32.39 36.63
Cash Conversion Cycle (CCC)
-961.15 3.85 49.51 45.96 22.56 18.12
Capital & Investment Metrics
- - - - - -
Invested Capital
62 63 144 249 235 262
Invested Capital Turnover
0.10 2.56 2.95 2.23 2.41 2.87
Increase / (Decrease) in Invested Capital
0.00 0.90 81 105 -14 27
Enterprise Value (EV)
613 2,022 2,451 3,114 1,660 1,566
Market Capitalization
128 2,057 2,493 3,268 1,892 1,962
Book Value per Share
($54.37) $1.71 $3.19 $6.79 $7.97 $11.56
Tangible Book Value per Share
($63.65) ($1.15) $0.73 $4.08 $5.63 $9.57
Total Capital
86 291 378 594 661 838
Total Debt
98 194 192 192 194 179
Total Long-Term Debt
98 194 190 190 179 163
Net Debt
73 -34 -42 -154 -232 -397
Capital Expenditures (CapEx)
0.15 0.00 0.30 0.17 37 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-13 -100 -1.65 0.29 -51 -47
Debt-free Net Working Capital (DFNWC)
12 128 233 323 302 420
Net Working Capital (NWC)
12 128 231 321 287 404
Net Nonoperating Expense (NNE)
50 49 46 27 14 -0.74
Net Nonoperating Obligations (NNO)
73 -34 -42 -154 -232 -397
Total Depreciation and Amortization (D&A)
3.80 13 21 25 24 23
Debt-free, Cash-free Net Working Capital to Revenue
-214.38% -62.78% -0.54% 0.07% -8.79% -6.54%
Debt-free Net Working Capital to Revenue
193.58% 80.35% 76.17% 73.86% 51.94% 58.82%
Net Working Capital to Revenue
193.58% 80.35% 75.52% 73.40% 49.36% 56.55%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 ($2.48) $0.60 $3.07 $2.17 $2.56
Adjusted Weighted Average Basic Shares Outstanding
0.00 25.77M 57.53M 59.17M 59.47M 56.89M
Adjusted Diluted Earnings per Share
$0.00 ($2.48) $0.58 $2.97 $2.13 $2.51
Adjusted Weighted Average Diluted Shares Outstanding
0.00 25.77M 59.21M 61.10M 60.37M 57.87M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 56.89M 58.87M 59.62M 56.77M 57.35M
Normalized Net Operating Profit after Tax (NOPAT)
-102 12 81 84 143 145
Normalized NOPAT Margin
-1,703.63% 7.44% 26.49% 19.21% 24.52% 20.25%
Pre Tax Income Margin
-2,535.06% -23.13% 12.25% 23.91% 29.79% 26.84%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.00 0.61 1.74 6.40 5.73 10.90
NOPAT to Interest Expense
0.00 0.53 1.61 11.08 4.26 8.27
EBIT Less CapEx to Interest Expense
0.00 0.61 1.73 6.39 4.62 8.95
NOPAT Less CapEx to Interest Expense
0.00 0.53 1.60 11.08 3.14 6.32
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% -0.45% 0.87% 0.00% 77.61% 0.00%

Quarterly Metrics and Ratios for Harmony Biosciences

This table displays calculated financial ratios and metrics derived from Harmony Biosciences' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
45.18% 40.67% 39.63% 25.40% 36.74% 31.26% 29.79% 28.76% 16.08% 19.51%
EBITDA Growth
-29.58% 58.82% 39.51% 32.96% 285.83% -14.74% 24.49% -48.76% -5.57% 34.29%
EBIT Growth
-43.21% 66.37% 46.71% 41.36% 439.47% -15.71% 28.37% -54.36% -4.52% 39.04%
NOPAT Growth
791.41% 97.10% 24.61% 36.86% -63.56% -48.54% 22.09% -68.72% -4.42% 82.20%
Net Income Growth
1,014.17% 113.56% 37.24% 45.77% -56.27% -45.15% 30.01% -66.21% 19.84% 85.95%
EPS Growth
947.06% 107.89% 37.14% 43.59% -56.25% -41.77% 39.58% -64.29% 25.40% 84.78%
Operating Cash Flow Growth
81.45% -28.92% 47.51% 9.88% 14.30% 187.37% -26.83% 14.99% 11.73% -1.44%
Free Cash Flow Firm Growth
189.46% 4.68% -670.23% -420.44% -58.68% 178.12% 200.59% -4.38% -60.18% -46.92%
Invested Capital Growth
42.22% 72.56% 33.14% 37.68% 9.35% -5.58% 3.97% 17.77% 14.52% 11.68%
Revenue Q/Q Growth
9.51% 9.47% -7.16% 12.67% 19.41% 5.08% -8.19% 11.77% 7.65% 8.19%
EBITDA Q/Q Growth
-53.47% 191.49% -13.91% 13.86% 35.03% -35.59% 25.18% -53.14% 148.86% -8.40%
EBIT Q/Q Growth
-63.94% 298.81% -15.23% 15.95% 37.62% -37.68% 28.48% -58.77% 187.88% -9.25%
NOPAT Q/Q Growth
392.78% -60.14% -39.76% 15.65% 31.20% -43.71% 42.94% -70.38% 300.97% 7.31%
Net Income Q/Q Growth
273.73% -44.84% -39.22% 16.33% 12.13% -30.82% 44.07% -69.76% 297.66% 7.34%
EPS Q/Q Growth
269.23% -45.14% -39.24% 16.67% 12.50% -26.98% 45.65% -70.15% 295.00% 7.59%
Operating Cash Flow Q/Q Growth
63.66% -51.67% 59.53% -12.91% 70.25% 21.50% -59.38% 36.85% 65.43% 7.18%
Free Cash Flow Firm Q/Q Growth
581.52% -178.95% 45.00% -8.28% 187.87% 49.28% -29.18% -212.36% 133.52% 98.99%
Invested Capital Q/Q Growth
22.37% 13.32% -2.66% 2.00% -2.81% -2.15% 7.18% 15.54% -5.49% -4.58%
Profitability Metrics
- - - - - - - - - -
Gross Margin
80.41% 79.05% 82.56% 81.37% 79.85% 74.38% 82.22% 81.40% 77.01% 72.97%
EBITDA Margin
15.73% 41.89% 38.84% 39.25% 44.39% 27.21% 37.26% 15.62% 36.11% 30.57%
Operating Margin
10.15% 37.11% 33.93% 34.95% 40.25% 23.87% 33.65% 12.36% 33.17% 27.69%
EBIT Margin
10.20% 37.17% 33.93% 34.92% 40.25% 23.87% 33.56% 12.38% 33.10% 27.77%
Profit (Net Income) Margin
75.03% 37.81% 24.75% 25.56% 24.00% 15.80% 24.79% 6.71% 24.78% 24.58%
Tax Burden Percent
1,103.84% 109.99% 78.04% 77.79% 74.20% 67.04% 74.03% 53.43% 74.14% 88.10%
Interest Burden Percent
66.63% 92.49% 93.46% 94.08% 80.35% 98.74% 99.79% 101.41% 100.95% 100.48%
Effective Tax Rate
-1,003.84% -9.99% 21.96% 22.21% 25.80% 32.96% 25.97% 46.57% 25.86% 11.90%
Return on Invested Capital (ROIC)
240.24% 90.95% 58.91% 63.60% 70.43% 38.50% 62.28% 16.11% 65.12% 70.12%
ROIC Less NNEP Spread (ROIC-NNEP)
311.45% 94.88% 60.67% 65.03% 75.57% 38.68% 62.36% 16.03% 65.00% 70.00%
Return on Net Nonoperating Assets (RNNOA)
-76.59% -31.61% -21.54% -27.13% -33.48% -17.17% -30.22% -7.61% -33.95% -39.09%
Return on Equity (ROE)
163.64% 59.34% 37.37% 36.47% 36.95% 21.33% 32.06% 8.50% 31.17% 31.03%
Cash Return on Invested Capital (CROIC)
64.20% 52.78% 71.41% 71.24% 64.65% 64.74% 56.69% 29.83% 34.07% 47.18%
Operating Return on Assets (OROA)
7.90% 29.39% 27.15% 27.54% 30.69% 18.71% 26.54% 10.04% 26.46% 21.92%
Return on Assets (ROA)
58.13% 29.90% 19.80% 20.15% 18.30% 12.38% 19.60% 5.44% 19.81% 19.41%
Return on Common Equity (ROCE)
163.64% 59.34% 37.37% 36.47% 36.95% 21.33% 32.06% 8.50% 31.17% 31.03%
Return on Equity Simple (ROE_SIMPLE)
45.27% 0.00% 42.77% 41.27% 31.32% 0.00% 26.72% 21.35% 20.55% 0.00%
Net Operating Profit after Tax (NOPAT)
131 52 32 36 48 27 39 11 46 49
NOPAT Margin
112.08% 40.82% 26.48% 27.18% 29.87% 16.00% 24.91% 6.60% 24.59% 24.39%
Net Nonoperating Expense Percent (NNEP)
-71.22% -3.93% -1.77% -1.43% -5.15% -0.18% -0.08% 0.07% 0.12% 0.12%
Return On Investment Capital (ROIC_SIMPLE)
- 8.81% - - - 4.08% - - - 5.86%
Cost of Revenue to Revenue
19.59% 20.95% 17.44% 18.63% 20.15% 25.62% 17.78% 18.60% 22.99% 27.03%
SG&A Expenses to Revenue
18.20% 17.65% 18.52% 16.99% 14.07% 16.55% 16.61% 15.75% 15.37% 14.34%
R&D to Revenue
34.60% 7.87% 11.16% 11.15% 10.92% 18.00% 14.35% 36.79% 13.65% 17.22%
Operating Expenses to Revenue
70.26% 41.94% 48.62% 46.42% 39.60% 50.51% 48.57% 69.04% 43.84% 45.28%
Earnings before Interest and Taxes (EBIT)
12 48 40 47 65 40 52 21 62 56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
18 54 46 53 71 46 58 27 67 62
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
7.62 8.11 4.39 4.35 4.08 4.05 0.00 3.18 3.81 2.98
Price to Tangible Book Value (P/TBV)
14.81 13.51 6.76 6.28 5.81 5.74 0.00 4.14 4.76 3.59
Price to Revenue (P/Rev)
6.54 7.46 4.13 4.23 3.63 3.25 0.00 2.61 3.33 2.75
Price to Earnings (P/E)
16.09 18.03 10.28 10.56 13.07 14.67 0.00 14.86 18.39 13.48
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
6.22% 5.55% 9.73% 9.47% 7.65% 6.82% 0.00% 6.73% 5.44% 7.42%
Enterprise Value to Invested Capital (EV/IC)
11.37 12.52 7.41 7.58 7.18 7.07 0.00 5.04 7.10 5.97
Enterprise Value to Revenue (EV/Rev)
6.23 7.11 3.80 3.75 3.18 2.85 0.00 2.23 2.86 2.19
Enterprise Value to EBITDA (EV/EBITDA)
19.96 21.48 11.35 10.94 7.71 7.69 0.00 7.27 9.87 7.34
Enterprise Value to EBIT (EV/EBIT)
24.63 25.88 13.47 12.74 8.65 8.64 0.00 8.23 11.14 8.21
Enterprise Value to NOPAT (EV/NOPAT)
13.48 14.95 8.48 8.53 10.20 11.63 0.00 11.81 15.92 10.82
Enterprise Value to Operating Cash Flow (EV/OCF)
16.07 21.56 11.34 11.59 10.18 7.57 0.00 6.86 8.83 7.12
Enterprise Value to Free Cash Flow (EV/FCFF)
20.79 30.03 11.85 12.32 11.61 10.60 0.00 18.27 22.24 13.35
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.56 0.48 0.43 0.39 0.41 0.41 0.37 0.35 0.31 0.27
Long-Term Debt to Equity
0.55 0.47 0.42 0.37 0.38 0.38 0.34 0.32 0.28 0.25
Financial Leverage
-0.25 -0.33 -0.36 -0.42 -0.44 -0.44 -0.48 -0.47 -0.52 -0.56
Leverage Ratio
2.09 1.88 1.79 1.73 1.72 1.71 1.63 1.58 1.58 1.61
Compound Leverage Factor
1.39 1.74 1.68 1.63 1.38 1.69 1.63 1.60 1.60 1.62
Debt to Total Capital
35.80% 32.24% 30.19% 28.30% 29.06% 29.30% 26.93% 25.71% 23.45% 21.38%
Short-Term Debt to Total Capital
0.37% 0.34% 1.02% 1.63% 2.21% 2.27% 2.13% 2.07% 1.92% 1.94%
Long-Term Debt to Total Capital
35.42% 31.90% 29.16% 26.67% 26.84% 27.03% 24.81% 23.64% 21.53% 19.44%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
64.20% 67.76% 69.81% 71.70% 70.94% 70.70% 73.07% 74.29% 76.55% 78.62%
Debt to EBITDA
1.53 1.32 1.21 1.12 0.88 0.90 0.84 0.92 0.92 0.84
Net Debt to EBITDA
-0.99 -1.06 -0.96 -1.39 -1.08 -1.07 -1.16 -1.23 -1.63 -1.86
Long-Term Debt to EBITDA
1.52 1.31 1.17 1.05 0.81 0.83 0.77 0.85 0.85 0.76
Debt to NOPAT
1.04 0.92 0.90 0.87 1.17 1.36 1.27 1.50 1.49 1.24
Net Debt to NOPAT
-0.67 -0.74 -0.72 -1.08 -1.43 -1.63 -1.76 -2.00 -2.63 -2.74
Long-Term Debt to NOPAT
1.02 0.91 0.87 0.82 1.08 1.25 1.17 1.38 1.37 1.13
Altman Z-Score
5.75 8.13 5.22 5.65 5.19 4.35 0.00 4.34 5.47 4.85
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
3.56 5.07 4.90 4.90 4.12 2.75 3.11 3.13 3.24 3.31
Quick Ratio
3.38 4.79 4.64 4.67 3.90 2.61 2.93 2.93 3.05 3.14
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
66 -52 -29 -31 27 41 29 -32 11 22
Operating Cash Flow to CapEx
64,191.86% 0.00% 0.00% 18,079.51% 0.00% 206.79% 622,820.00% 6,743.20% 2,350,033.33% 225.01%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 -5.01 -5.00 1.63 8.51 6.37 -7.38 2.50 5.15
Operating Cash Flow to Interest Expense
0.00 0.00 7.43 5.96 3.76 15.99 6.87 9.68 16.21 17.95
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 7.43 5.93 3.76 8.26 6.87 9.53 16.21 9.97
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.77 0.79 0.80 0.79 0.76 0.78 0.79 0.81 0.80 0.79
Accounts Receivable Turnover
9.08 9.78 10.40 8.78 8.86 9.03 9.34 8.93 9.17 9.09
Inventory Turnover
17.10 19.13 20.62 21.11 23.36 25.10 25.72 25.74 24.26 24.97
Fixed Asset Turnover
495.68 628.65 774.50 787.46 978.19 1,233.10 1,808.23 989.61 1,157.69 878.05
Accounts Payable Turnover
10.46 34.88 13.45 14.46 12.66 11.27 11.87 9.24 17.05 9.96
Days Sales Outstanding (DSO)
40.20 37.34 35.10 41.57 41.20 40.41 39.10 40.88 39.82 40.13
Days Inventory Outstanding (DIO)
21.35 19.08 17.70 17.29 15.62 14.54 14.19 14.18 15.05 14.62
Days Payable Outstanding (DPO)
34.89 10.47 27.14 25.24 28.84 32.39 30.75 39.51 21.40 36.63
Cash Conversion Cycle (CCC)
26.65 45.96 25.66 33.63 27.98 22.56 22.54 15.55 33.46 18.12
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
220 249 242 247 240 235 252 291 275 262
Invested Capital Turnover
2.14 2.23 2.22 2.34 2.36 2.41 2.50 2.44 2.65 2.87
Increase / (Decrease) in Invested Capital
65 105 60 68 21 -14 9.61 44 35 27
Enterprise Value (EV)
2,496 3,114 1,794 1,872 1,725 1,660 0.00 1,466 1,952 1,566
Market Capitalization
2,620 3,268 1,947 2,110 1,966 1,892 0.00 1,713 2,273 1,962
Book Value per Share
$5.81 $6.79 $7.43 $8.09 $8.02 $7.97 $9.08 $9.48 $10.50 $11.56
Tangible Book Value per Share
$2.99 $4.08 $4.83 $5.61 $5.64 $5.63 $6.77 $7.28 $8.40 $9.57
Total Capital
536 594 635 677 678 661 705 725 780 838
Total Debt
192 192 192 191 197 194 190 186 183 179
Total Long-Term Debt
190 190 185 180 182 179 175 171 168 163
Net Debt
-124 -154 -152 -238 -241 -232 -264 -248 -322 -397
Capital Expenditures (CapEx)
0.09 0.00 0.00 0.21 0.00 37 0.01 0.63 0.00 34
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-31 0.29 -4.65 2.61 -5.08 -51 -32 -20 -34 -47
Debt-free Net Working Capital (DFNWC)
277 323 339 374 366 302 340 327 376 420
Net Working Capital (NWC)
275 321 333 363 351 287 325 312 361 404
Net Nonoperating Expense (NNE)
43 3.86 2.06 2.18 9.41 0.34 0.18 -0.18 -0.34 -0.38
Net Nonoperating Obligations (NNO)
-124 -154 -201 -238 -241 -232 -264 -248 -322 -397
Total Depreciation and Amortization (D&A)
6.48 6.06 5.84 5.81 6.64 5.63 5.71 5.60 5.59 5.65
Debt-free, Cash-free Net Working Capital to Revenue
-7.74% 0.07% -0.99% 0.52% -0.94% -8.79% -5.20% -3.07% -5.04% -6.54%
Debt-free Net Working Capital to Revenue
69.05% 73.86% 71.92% 74.89% 67.46% 51.94% 55.10% 49.80% 55.16% 58.82%
Net Working Capital to Revenue
68.55% 73.40% 70.54% 72.69% 64.69% 49.36% 52.67% 47.52% 52.96% 56.55%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.48 $0.83 $0.49 $0.57 $0.64 $0.47 $0.68 $0.20 $0.81 $0.87
Adjusted Weighted Average Basic Shares Outstanding
59.23M 59.17M 59.73M 59.97M 59.86M 59.47M 56.77M 56.80M 56.87M 56.89M
Adjusted Diluted Earnings per Share
$1.44 $0.79 $0.48 $0.56 $0.63 $0.46 $0.67 $0.20 $0.79 $0.85
Adjusted Weighted Average Diluted Shares Outstanding
61.21M 61.10M 61.22M 60.74M 60.68M 60.37M 57.60M 57.54M 58.10M 57.87M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
59.32M 59.62M 59.95M 60.00M 58.57M 56.77M 56.79M 56.83M 57.03M 57.35M
Normalized Net Operating Profit after Tax (NOPAT)
8.33 33 32 36 48 27 39 11 46 49
Normalized NOPAT Margin
7.11% 25.98% 26.48% 27.18% 29.87% 16.00% 24.91% 6.60% 24.59% 24.39%
Pre Tax Income Margin
6.80% 34.37% 31.71% 32.85% 32.34% 23.57% 33.49% 12.55% 33.42% 27.90%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 7.05 7.54 3.84 8.38 11.44 4.86 14.16 13.28
NOPAT to Interest Expense
0.00 0.00 5.50 5.87 2.85 5.62 8.49 2.59 10.52 11.67
EBIT Less CapEx to Interest Expense
0.00 0.00 7.05 7.51 3.84 0.65 11.44 4.71 14.16 5.30
NOPAT Less CapEx to Interest Expense
0.00 0.00 5.50 5.83 2.85 -2.11 8.49 2.45 10.52 3.69
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 33.17% 77.61% 0.00% 0.00% 40.77% 0.00%

Frequently Asked Questions About Harmony Biosciences' Financials

When does Harmony Biosciences's financial year end?

According to the most recent income statement we have on file, Harmony Biosciences' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Harmony Biosciences' net income changed over the last 5 years?

Harmony Biosciences' net income appears to be on an upward trend, with a most recent value of $145.49 million in 2024, falling from -$151.98 million in 2019. The previous period was $128.85 million in 2023.

What is Harmony Biosciences's operating income?
Harmony Biosciences's total operating income in 2024 was $190.83 million, based on the following breakdown:
  • Total Gross Profit: $557.92 million
  • Total Operating Expenses: $367.09 million
How has Harmony Biosciences revenue changed over the last 5 years?

Over the last 5 years, Harmony Biosciences' total revenue changed from $6.00 million in 2019 to $714.73 million in 2024, a change of 11,822.2%.

How much debt does Harmony Biosciences have?

Harmony Biosciences' total liabilities were at $340.05 million at the end of 2024, a 1.3% decrease from 2023, and a 187.5% increase since 2019.

How much cash does Harmony Biosciences have?

In the past 5 years, Harmony Biosciences' cash and equivalents has ranged from $24.46 million in 2019 to $453.00 million in 2024, and is currently $453.00 million as of their latest financial filing in 2024.

How has Harmony Biosciences' book value per share changed over the last 5 years?

Over the last 5 years, Harmony Biosciences' book value per share changed from -54.37 in 2019 to 11.56 in 2024, a change of -121.3%.



This page (NASDAQ:HRMY) was last updated on 4/25/2025 by MarketBeat.com Staff
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