Harmony Biosciences Holdings, Inc.(HRMY)Stock Analysis
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Rank #132 of 2,879 stocksTOP 5%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
HRMY Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Harmony Biosciences Holdings, Inc. (HRMY), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores HRMY at 75.3/100 on a 32-signal composite quality model, placing it at rank #132 of 2,879 stocks — the top 5% of the AI-ranked universe. HRMY scores in the top quartile across institutional flow (93.4), balance sheet strength (91.4), free cash flow (85.7). Shareholder dilution risk is elevated at 25.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Harmony Biosciences Holdings, Inc. reports quarterly revenue of $215.4M, net income of $32.5M, an operating margin of 17.3%. Top institutional holders of HRMY by reported 13-F value include BlackRock,, FMR, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. HRMY trades on the Nasdaq exchange and files with the SEC under CIK 1802665. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HRMY daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Harmony Biosciences Holdings, Inc. directly from SEC EDGAR. Harmony Biosciences Holdings, Inc.'s 13F Pro composite quality score has ranged between 41 and 83 since 2021, currently 75.3 — an improving long-term trajectory across 29 quarterly and live scoring snapshots.
What's Driving HRMY's Business? Latest 10-Q Breakdown
AI-extracted from Harmony Biosciences Holdings, Inc.'s 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
HRMY reported Q1 2026 revenue of $215.4M (+16.6% YoY) driven by 12.1% unit growth in WAKIX, but R&D expenses surged 101% to $69.4M due to $32M in upfront IPR&D payments for new license agreements.
Biggest Revenue Drivers
Total revenue: $215.4M+16.6% YoY
12.1% increase in units shipped plus 7% price increase (January 2026) partially offset by higher rebates (~3.7%).
Largest Expense Items
$32.0M IPR&D charges (Novitium $15M, MSN $17M license upfronts), plus $7.4M increase in EPX-100 and Pitolisant GR/HD development costs.
Higher royalties from revenue growth and new royalties under Novitium License Agreement; cost of product sold as percentage of revenue increased to 20.7% from 17.3%.
$2.6M increase in patient engagement and marketing activities and $0.5M higher personnel costs.
$2.3M increase in legal and professional fees primarily for patent litigation; $0.3M higher personnel costs.
Watch Items from the Filing
- Three customers represent 100% of Q1 2026 product revenue: CVS Caremark 37%, Accredo 36%, PANTHERx 27%. High concentration risk with specialty pharmacy distribution.
- Company had event of default on TLA Credit Agreement (dated July 2025) related to subsidiary guarantee covenant delay; waived May 4, 2026. All principal/interest payments current as of May 7, 2026.
- Significant ANDA litigation pipeline: Lupin, Novugen, Hikma, AET, and others settled to allow generic entry July 2030 or earlier if WAKIX loses pediatric exclusivity; MSN settlement terms remain confidential.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$215.4M
Net Income
Q1 2026
$32.5M
Free Cash Flow
Q1 2026
$27.8M
Operating Margin
Q1 2026
17.3%
D/E Ratio
Q1 2026
0.20
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+21.5% YoYNet Income
+9.1% YoYOperating Income
+9.2% YoYEPS (Diluted)
+8.0% YoYTotal Assets
+27.3% YoYTotal Debt
-6.1% YoYOp. Cash Flow
+58.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $868.5M +21.5% | $714.7M +22.8% | $582.0M +32.9% | $437.9M +43.4% | $305.4M +91.2% | $159.7M |
| Net Income | $158.7M +9.1% | $145.5M +12.9% | $128.9M -29.0% | $181.5M +424.5% | $34.6M +193.6% | $-36.9M |
| Operating Income | $208.5M +9.2% | $190.8M -0.6% | $192.0M +59.8% | $120.2M +37.3% | $87.5M +415.3% | $17.0M |
| EPS (Diluted) | $2.71 +8.0% | $2.51 +17.8% | $2.13 -28.3% | $2.97 +412.1% | $0.58 +123.4% | $-2.48 |
| Total Assets | $1.27B +27.3% | $999.2M +23.1% | $811.4M +20.4% | $673.9M +55.5% | $433.4M +1.5% | $427.1M |
| Total Debt | $183.7M -6.1% | $195.5M -6.3% | $208.6M +7.7% | $193.6M -0.2% | $194.0M -0.1% | $194.3M |
| Operating Cash Flow | $348.2M +58.4% | $219.8M +0.2% | $219.4M +51.9% | $144.5M +46.6% | $98.6M +3401.7% | $-3.0M |
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Top Institutional Holders of HRMY
BlackRock, Inc.
$198.0M7,070,035 shFMR LLC
$88.4M3,157,639 shVANGUARD PORTFOLIO MANAGEMENT LLC
$76.0M2,714,353 shAMERICAN CENTURY COMPANIES INC
$59.0M2,105,179 shVANGUARD CAPITAL MANAGEMENT LLC
$58.9M2,102,315 shDIMENSIONAL FUND ADVISORS LP
$58.2M2,076,510 shSTATE STREET CORP
$50.0M1,784,362 shARMISTICE CAPITAL, LLC
$45.5M1,624,000 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$38.7M1,382,113 shGEODE CAPITAL MANAGEMENT, LLC
$37.1M1,322,720 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $198.0M | 7,070,035 |
| FMR LLC | $88.4M | 3,157,639 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $76.0M | 2,714,353 |
| AMERICAN CENTURY COMPANIES INC | $59.0M | 2,105,179 |
| VANGUARD CAPITAL MANAGEMENT LLC | $58.9M | 2,102,315 |
| DIMENSIONAL FUND ADVISORS LP | $58.2M | 2,076,510 |
| STATE STREET CORP | $50.0M | 1,784,362 |
| ARMISTICE CAPITAL, LLC | $45.5M | 1,624,000 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $38.7M | 1,382,113 |
| GEODE CAPITAL MANAGEMENT, LLC | $37.1M | 1,322,720 |
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Is HRMY a good stock to buy?
13F Pro's AI-powered analysis of Harmony Biosciences Holdings, Inc. (HRMY) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for HRMY are available on the HRMY stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own HRMY?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling HRMY. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Harmony Biosciences Holdings, Inc.'s investment landscape.