Harmony Biosciences Holdings, Inc.

HRMY Healthcare Biotechnology

Harmony Biosciences Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $868.5 million, up 21.5% from fiscal 2024.

Revenue
+12.3%
EPS
−6.24%
Free cash flow
−29.4%
Total debt
−11.5%

Quarter to September 2026, against a year earlier

33.04 0.57 +1.76%
Market cap
$1.9B
P/E
10.7×
Fwd P/E
9.9×
Dividend yield
—
F-score
5/9
Altman Z
5.23
Beneish M
−2.99
Dividend safety
n/a

Harmony Biosciences Holdings, Inc. (HRMY) Gross margin

Alert me on Gross margin

Harmony Biosciences Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 74.0%, down 3.1 percentage points from fiscal 2025 (77.2%). Over the past ten years it has ranged from 0.00% (fiscal 2018) to 82.6% (fiscal 2020); the current reading is higher than 38% of that period. That is above the Biotechnology industry median of 68.5% and above the Healthcare sector median of 54.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 77.2% (0.90)
FY2024 78.1% (1.11)
FY2023 79.2% (1.76)
FY2022 80.9% (0.89)
FY2021 81.8% (0.82)
FY2020 82.6% 8.95
FY2019 73.7% 73.69
FY2018 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 70.0% (5.81)
Jun 2026 75.8% (3.52)
Mar 2026 79.3% 7.45
Dec 2025 71.9% (3.21)
24 more quarters

Against its own ten years

Low 0.00% High 82.6%
Ten-year median 78.6%
Current reading's percentile 4

Gross margin against peers

Company Gross margin
VIR Vir Biotechnology, Inc. compare 100.0%
HRMY Harmony Biosciences Holdings, Inc. 74.0%
FTRE Fortrea Holdings Inc. compare 20.0%
SRPT Sarepta Therapeutics, Inc. compare 0.00%
REPL Replimune Group, Inc. compare 0.00%
TRVI Trevi Therapeutics, Inc. compare 0.00%
MESO Mesoblast Limited compare −269.7%
MAZE Maze Therapeutics, Inc. compare —
TRAX First Tracks Biotherapeutics, Inc. compare —
Biotechnology industry median 68.5%
Healthcare sector median 54.5%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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