Harmony Biosciences Holdings
NASDAQ: HRMY · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-06-05
Harmony Biosciences Holdings (HRMY) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2018 | $0.00 | $-39.90M | — | — | — |
| 2019 | $6.00M | $-151.98M | 73.69% | -2,433.76% | -2,535.06% |
| 2020 | $159.74M | $-36.94M | 82.64% | 10.63% | -23.13% |
| 2021 | $305.44M | $34.60M | 81.82% | 28.66% | 11.33% |
| 2022 | $437.86M | $181.47M | 80.93% | 27.45% | 41.44% |
| 2023 | $582.02M | $128.85M | 79.17% | 32.99% | 22.14% |
| 2024 | $714.73M | $145.49M | 78.06% | 26.70% | 20.36% |
| 2025 | $868.45M | $158.69M | 77.16% | 24.00% | 18.27% |
Frequently asked questions
What is Harmony Biosciences Holdings's revenue?
Harmony Biosciences Holdings's trailing twelve-month revenue is $899.11M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is HRMY?
In its most recent fiscal year, HRMY ran a gross margin of 77.16%, an operating margin of 24.00%, and a net margin of 18.27%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does HRMY generate?
HRMY produced $347.89M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is HRMY's balance sheet healthy?
HRMY holds $752.50M in cash and equivalents against $143.66M in long-term debt, on $870.22M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.