Feed / HRMY

Harmony Biosciences Holdings, Inc.

HRMY

Healthcare · 41.64 +0.1% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:00 GMT-4

Market read

Harmony Biosciences Holdings, Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Company+0.1% todayVolume comparison unavailable
Market group0 of 1 activeRare Neurological Therapies · unavailable
Disclosed network0 of 7 confirmingNo filing-linked name is confirming now
What would change this read
  • HRMY's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if HRMY's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Biotechnology

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • HRMY's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods7
Price observations319
Usable filing statements84
Verified relationships6
Evidence supporting the case
  • Latest annual revenue changed +21.5% year over year.
  • Operating cash flow covered net income at 2.19x in the latest annual period.
Evidence challenging the case
  • Operating margin changed -2.7 percentage points in the latest annual period.
  • Net margin changed -2.1 percentage points in the latest annual period.
  • Product pipeline and R&D has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 87% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

41.11
6m+44.0%12m+8.0%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$305.4M+91.2%$0.58
2022-12-31$437.9M+43.4%$2.97+3.2%
2023-12-31$582.0M+32.9%$2.13-1.2%
2024-12-31$714.7M+22.8%$2.51-4.1%
2025-12-31$868.5M+21.5%$2.71+1.2%

What management says matters

Persistent and emerging business drivers

Legal and regulatory exposuremixed · 4 filings
Product candidates in later stages of clinical development generally have higher development costs in the current period than those in earlier stages of clinical development, primarily due to the increased size and duration of later-stage clinical trials, mil…
10-K · Feb 24, 2026
Product pipeline and R&Dnegative · 3 filings
The decrease in our effective tax rate for the three months ended March 31, 2026, was primarily driven by an increase in the benefits from research and development and orphan drug credits.
10-Q · May 7, 2026
Input and raw-material costsmixed · 1 filings
For further discussion of the components of Revenue, see “—Critical Accounting Policies and Significant Judgments and Estimates.” Cost of Product Sold Cost of product sold includes manufacturing and distribution costs, the cost of API, FDA program fees, royal…
10-K · Feb 24, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 2.8× · EV/sales 2.1×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

41.64+0.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HRMY. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for HRMY. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind HRMY

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ALKSAlkermes plcsupplierFeb 24, 2026

Additionally, Avadel Pharmaceuticals (acquired by Alkermes Plc in February 2026) launched a once nightly formulation version of sodium oxybate in June 2023.

JPMJPMorgan Chase & Co.lenderMay 7, 2026

Term Loan A Credit Agreement In July 2023, we entered into a Credit Agreement (the “TLA Credit Agreement”) with JPMorgan Chase Bank, N.A., as “Administrative Agent”, and certain lenders, which was subsequently amended in September 2023.

Depended on by

AXSMAxsome Therapeutics, Inc.competitorFeb 23, 2026

15 Table of Contents AXS‑12 Competition Products approved to treat the symptoms of narcolepsy include generic and/or branded forms of Ritalin, the branded form of which is marketed by Novartis Pharmaceuticals; Provigil and Nuvigil, which are both marketed by…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HRMY is currently a Leader in the organic co-movement group Rare Neurological Therapies. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for HRMY; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.