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BHVNBiohaven Ltd.
$14.48$2.2B
Overview & Tools
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BHVN logo

Biohaven Ltd.

BHVN
NYSE · Neuroscience Biotech
$14.48
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.18B
P/E-4.0x
52W High$18.24
Volume2.92M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Pre-Revenue Pipeline Burn Threatens Biohaven Solvency

Biohaven is a pre-revenue clinical-stage biotech with a broad late-stage pipeline, but its aggressive R&D investment has produced persistent quarterly net losses averaging over $150M and a deteriorating balance sheet.

GrowthMixed
ProfitabilityNegative
ValuationReview
TechnicalsHealthy
Explore valuation models
MARKET ACTION

BHVN price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-111% Peers

P/E is 111% below peer median

03

Market leadership

RS 80 · Leader

High momentum (Outperforming 80% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
BHVN+33.58%
S&P 500 (^GSPC)+7.63%
1-Year Return
BHVN+69.75%
S&P 500 (^GSPC)+9.69%
3-Year Return
BHVN-49.81%
S&P 500 (^GSPC)+73.38%
5-Year Return
BHVN+98.36%
S&P 500 (^GSPC)+63.61%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
-
Net income FY25
-$739M+12.7% YoY
Free cash flow FY25
-$610M-4.0% YoY
Operating margin FY25
-
ROIC (FY25)-239.1%
Avg ROIC 5Y-500.8%
ROE (TTM)-2271.9%
Piotroski Score2 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
-$0.86-9.8%
vs -$0.78
—
vs $64M
Q3 2026
Aug 10, 2026
-$0.91-19.6%
vs -$0.76
—
vs $490,492
Q2 2026
May 4, 2026
-$0.88-2.3%
vs -$0.86
—
vs $267,436
Q2 2026
Mar 2, 2026
-$1.21+0.8%
vs -$1.22
—
vs $400,000
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·3d ago
Biohaven Drives New Research in Graves' Disease: Phase 3 Pivotal Trial with BHV-1300 Underway and Three Scientific Posters at the 2026 American Thyroid Association Annual (ATA) Meeting

Biohaven presents three posters at ATA, highlighting the patient experience, autoimmune biology of disease, and MoDE and TRAP platform, reflecting a research program built around a condition that remains strikingly understudied relative to its prevalence. No new therapy has been approved for Graves' disease in more than seventy years.

PRNewsWire·Oct 29, 2026
Biohaven Reports Recent Business Developments and Third Quarter 2026 Financial Results

The US Food and Drug Administration (FDA) accepted new drug application resubmission for Vyglxia (troriluzole) in spinocerebeller ataxia (SCA), user fee goal date 1Q27. Announced exclusive global license with SK Biopharmaceuticals Co., Ltd.

Zacks Investment Research·Oct 29, 2026
Wall Street Analysts Believe Biohaven Ltd. (BHVN) Could Rally 43.49%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 43.5% in Biohaven Ltd. (BHVN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

PRNewsWire·Oct 26, 2026
Biohaven Oral Presentation at ASN Kidney Week 2026 Spotlights BHV-1420, a Novel TRAP Degrader Designed to Selectively Remove the Autoantibodies that Drive Membranous Nephropathy

One year after Biohaven's first TRAP degrader, BHV-1400, was highlighted in the Kidney Week opening plenary, Biohaven's second TRAP degrader for kidney disease expands its Yale-licensed platform into a growing nephrology franchise BHV-1420 is an investigational TRAP™ extracellular protein degrader. It is designed to bind anti-PLA2R autoantibodies, the main driver of disease in most patients with membranous nephropathy, directing them to the liver for degradation without immunosuppression.

Filtered for Biohaven Ltd.More Headlines
04

Compare before deciding

Benchmark BHVN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Biohaven Ltd. (BHVN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
BHVN logoBHVNBiohaven Ltd.Current
$14.48$2.18B-4.03——-2271.87%—
NKTR logoNKTRNektar Therapeutics
$37.26$1.23B-7.84-43.89%-287.84%-37.99%—
PTGX logoPTGXProtagonist Therapeutics, Inc.
$132.04$8.49B27.67-89.41%62.04%42.83%—
KALA logoKALAKALA BIO, Inc.
$0.16$11.56K-0.00——-222.32%—
ACAD logoACADACADIA Pharmaceuticals Inc.
$21.23$3.64B10.2811.87%30.13%28.03%—
INVA logoINVAInnoviva, Inc.
$19.10$1.41B7.1218.52%43.79%15.84%—

Compare BHVN vs Peers

Biohaven Ltd. (BHVN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs NKTR

Most directly comparable listed peer for BHVN.

Scale Benchmark

vs LLY

Larger-name benchmark to compare BHVN against a more recognizable public peer.

Peer Set

Compare Top 5

vs NKTR, PTGX, KALA, ACAD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

BHVN SEC Filings & Documents

Biohaven Ltd. (BHVN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 10, 2026·SEC

Material company update

Aug 7, 2026·SEC

Material company update

Jul 9, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 10, 2026·SEC

FY 2026

May 4, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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BHVN Frequently Asked Questions

Biohaven Ltd. (BHVN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
Is BHVN profitable?

No. Biohaven Ltd. (BHVN) reported a net loss of $542.7M over the trailing twelve months.

Dividend & Returns
What is BHVN's return on equity?

Biohaven Ltd. (BHVN) had a return on equity (ROE) of -2271.9% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Biohaven Ltd.'s free cash flow?

Biohaven Ltd. (BHVN) had negative free cash flow of $473.2M over the trailing twelve months.

What if you invested $1,000 in BHVN back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →