BHVN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price

$14.37

Market Cap

$1.91B

P/E (TTM)

-2.1

EPS (TTM)

$-6.86

Revenue (TTM)

—

Div Yield

—

ROE

-310.8%

Debt/Equity

—

52W Range

$7 – $19

BHVN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income —

EPS $-6.86

2020-12-31 → 2025-12-31

Free Cash Flow $-610M

2022-12-31 → 2025-12-31

Margins —

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric

5Y trend

BHVN

Peer Median

P/E (TTM)

-2.1

55.4

P/B

36.6

7.1

Price / FCF

-3.1

—

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric

5Y trend

BHVN

Peer Median

ROA

-138.5%

-32.7%

ROE

-310.8%

-37.9%

ROIC

-1434.2%

—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric

5Y trend

BHVN

Peer Median

Current Ratio

3.2

7.4

Quick Ratio

2.8

—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric

5Y trend

BHVN

Peer Median

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric

5Y trend

BHVN

Peer Median

EPS (Diluted)

$-6.86

—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric

5Y trend

BHVN

Peer Median

BHVN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 23 analysts

Strong Buy 7 30.4%
Buy 11 47.8%
Hold 4 17.4%
Sell 1 4.3%
Strong Sell 0 0.0%

12-Month Price Target

15 analysts · 2026-08-13

Median $20.00

Now $14.37

Low $10.00

High $50.00

Median target $20.00 +39.2%

Mean target $23.07 +60.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise

-0.04%

Period	EPS Actual	EPS Est	Surprise
June 30, 2026	$-0.91	$-0.75	-0.16%
March 31, 2026	$-0.88	$-0.84	-0.04%
Dec. 31, 2025	$-1.21	$-1.32	0.11%
Sept. 30, 2025	$-1.64	$-1.93	0.29%
June 30, 2025	$-1.94	$-1.93	-0.01%
March 31, 2025	$-2.17	$-1.73	-0.44%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker	Market Cap	P/E	Rev YoY	Net Margin	ROE	Gross Margin
BHVN	$1.50B	-1.6	—	—	-310.8%	—
VERA	—	-10.9	—	—	-55.9%	—
MLYS	$2.96B	-15.8	—	—	-32.2%	—
VCEL	$1.82B	112.5	16.4%	6.0%	5.0%	74.4%
PVLA	$1.30B	-28.2	65.3%	-1610.6%	-110.1%	—
ADMA	$4.34B	30.4	19.6%	28.8%	33.6%	57.4%
VRDN	$3.17B	-7.7	23359.9%	-483.6%	-55.4%	—
STOK	$1.87B	-264.5	404.5%	-3.7%	-2.0%	—
ZBIO	$1.98B	-4.3	100.0%	-3777.4%	-156.8%	—
AGIO	$1.59B	-3.8	48.0%	-764.0%	-32.2%	—

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13

Annual Income Statement data for BHVN
Metric	2025	2024	2023	2022	2021
R&D Expense	$635M	$796M	$373M	$437M	$181M
SG&A Expense	$110M	$89M	$63M	$131M	$37M
Operating Expenses	$745M	$885M	$436M	$568M	$219M
Operating Income	$-745M	$-885M	$-436M	$-568M	$-219M
Other Non-op	$8M	$39M	$26M	$-2M	$1M
Pretax Income	$-737M	$-846M	$-410M	$-570M	$-212M
Income Tax	$1M	$735.0K	$-1M	$438.0K	$1M
Net Income	$-739M	$-846M	$-408M	$-570M	$-214M
EPS (Basic)	$-6.86	$-9.28	$-5.73	$-12.75	$-5.43
EPS (Diluted)	$-6.86	$-9.28	$-5.73	$-12.75	$-5.43
Shares (Basic)	107,624,885	91,234,337	71,200,527	44,741,316	39,375,944
Shares (Diluted)	107,624,885	91,234,337	71,200,527	44,741,316	39,375,944
EBITDA	$-735M	$-877M	$-429M	$-567M	·

Balance Sheet 24

Annual Balance Sheet data for BHVN
Metric	2025	2024	2023	2022	2021
Cash & Equivalents	$230M	$99M	$248M	$205M	$76M
Short-term Investments	$89M	$387M	$133M	$260M	$0
Prepaid Expense	$47M	$49M	$35M	$21M	$7M
Other Current Assets	$2M	$3M	$12M	$19M	$2M
Current Assets	$368M	$538M	$442M	$587M	$95M
PP&E (Net)	$16M	$17M	$17M	$18M	$13M
Accum. Depreciation	$16M	$12M	$8M	$5M	$3M
Goodwill	$1M	$1M	$1M	$1M	$1M
Intangibles	$18M	$18M	$18M	$18M	$18M
Other Non-current Assets	$47M	$40M	$34M	$38M	$14M
Total Assets	$451M	$615M	$513M	$662M	$142M
Accounts Payable	$12M	$18M	$16M	$11M	$5M
Accrued Liabilities	$104M	$51M	$40M	$44M	$37M
Current Liabilities	$116M	$154M	$55M	$90M	$42M
Capital Leases	$40M	$33M	$28M	$31M	$3M
Other Non-current Liabilities	$5M	$5M	$2M	$2M	$3M
Total Liabilities	$399M	$192M	$85M	$123M	$47M
Common Stock	$1.93B	$1.66B	$888M	$616M	$0
Paid-in Capital	$194M	$112M	$40M	$14M	$0
Retained Earnings	$-2.08B	$-1.35B	$-499M	$-91M	$0
AOCI	$8M	$79.0K	$-65.0K	$284.0K	$0
Stockholders' Equity	$52M	$423M	$428M	$539M	$35M
Liabilities + Equity	$451M	$615M	$513M	$662M	$142M
Shares Outstanding	132,775,113	101,221,989	81,115,723	68,190,479	0

Cash Flow 13

Annual Cash Flow data for BHVN
Metric	2025	2024	2023	2022	2021
D&A	$10M	$8M	$7M	$1M	$1M
Stock-based Comp	$112M	$72M	$29M	$194M	$66M
Deferred Tax	$0	$0	$0	$0	$0
Other Non-cash	$7M	$184M	$41M	$78M	·
Operating Cash Flow	$-609M	$-582M	$-332M	$-298M	$-146M
CapEx	$715.0K	$4M	$3M	$6M	$938.0K
Investing Cash Flow	$301M	$-245M	$130M	$-305M	$944.0K
Stock Issued	$189M	$666M	$243M	$284M	$0
Net Stock Activity	$189M	$666M	$243M	$284M	·
Financing Cash Flow	$439M	$678M	$212M	$768M	$138M
Net Change in Cash	$130M	$-150M	$10M	$166M	$-6M
Taxes Paid	$133.0K	$-10M	$-33M	$38M	$17M
Free Cash Flow	$-610M	$-587M	$-335M	$-304M	·

Profitability 3

Annual Profitability data for BHVN
Metric	2025	2024	2023	2022	2021
ROA	-138.5%	-150.0%	-69.5%	-141.9%	·
ROE	-310.8%	-198.8%	-84.4%	-202.3%	·
ROIC	-1434.2%	-209.2%	-101.5%	-105.5%	·

Liquidity & Solvency 2

Annual Liquidity & Solvency data for BHVN
Metric	Trend	2025	2024	2023	2022	2021
Current Ratio		3.2	3.5	8.0	6.5	·
Quick Ratio		2.8	3.2	6.9	5.2	·

Per Share 4

Annual Per Share data for BHVN
Metric	2025	2024	2023	2022	2021
Book Value / Share	$0.39	$4.18	$5.28	$7.90	·
Cash Flow / Share	$-5.66	$-6.38	$-4.66	$-6.65	·
Cash / Share	$1.73	$0.98	$3.06	$3.00	·
EPS (TTM)	$-6.86	$-9.28	$-5.73	$-12.75	·

Valuation (TTM) 8

Annual Valuation (TTM) data for BHVN
Metric	2025	2024	2023	2022	2021
Net Income TTM	$-739M	$-846M	$-408M	$-570M	·
Market Cap	$1.50B	$3.78B	$3.47B	$946M	·
P/E	-1.6	-4.0	-7.5	-1.1	·
P/B	28.8	8.9	8.1	1.8	·
P / Tangible Book	46.4	9.4	8.5	1.8	·
P / Cash Flow	-2.5	-6.5	-10.5	-3.2	·
P / FCF	-2.5	-6.4	-10.4	-3.1	·
Earnings Yield	-60.8%	-24.9%	-13.4%	-91.9%	·

Income Statement 13

Quarterly Income Statement data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
R&D Expense	$101M	$104M	$122M	$141M	$184M	$188M	$167M	$158M	$315M	$156M	$135M	$96M	$79M	$63M	$137M	$53M
SG&A Expense	$24M	$27M	$21M	$28M	$27M	$34M	$22M	$21M	$19M	$27M	$19M	$15M	$15M	$14M	$76M	$15M
Operating Expenses	$125M	$130M	$143M	$169M	$212M	$222M	$190M	$178M	$334M	$183M	$154M	$111M	$94M	$78M	$213M	$68M
Operating Income	$-125M	$-130M	$-143M	$-169M	$-212M	$-222M	$-190M	$-178M	$-334M	$-183M	$-154M	$-111M	$-94M	$-78M	$-213M	$-68M
Other Non-op	$-12M	$168.0K	$-2M	$-4M	$14M	$493.0K	$3M	$18M	$14M	$4M	$8M	$5M	$6M	$8M	$-2M	$0
Pretax Income	$-137M	$-130M	$-145M	$-173M	$-198M	$-221M	$-187M	$-160M	$-320M	$-179M	$-146M	$-106M	$-88M	$-70M	$-215M	$-68M
Income Tax	$391.0K	$272.0K	$351.0K	$221.0K	$261.0K	$609.0K	$48.0K	$-59.0K	$177.0K	$569.0K	$-1M	$-3M	$2M	$939.0K	$-14M	$1M
Net Income	$-137M	$-131M	$-146M	$-173M	$-198M	$-222M	$-187M	$-160M	$-320M	$-180M	$-145M	$-103M	$-90M	$-70M	$-201M	$-69M
EPS (Basic)	$-0.91	$-0.88	$-1.11	$-1.64	$-1.94	$-2.17	$-1.74	$-1.70	$-3.64	$-2.20	$-1.88	$-1.50	$-1.32	$-1.03	$-3.38	$-1.75
EPS (Diluted)	$-0.91	$-0.88	$-1.11	$-1.64	$-1.94	$-2.17	$-1.74	$-1.70	$-3.64	$-2.20	$-1.88	$-1.50	$-1.32	$-1.03	$-3.38	$-1.75
Shares (Basic)	150,636,620	147,615,197	-202,506,369	105,815,038	102,372,820	101,943,396	-172,505,717	94,372,159	87,766,069	81,601,826	-133,574,500	68,320,125	68,248,023	68,206,879	-73,386,516	39,375,944
Shares (Diluted)	150,636,620	147,615,197	-202,506,369	105,815,038	102,372,820	101,943,396	-172,505,717	94,372,159	87,766,069	81,601,826	-133,574,500	68,320,125	68,248,023	68,206,879	-73,386,516	39,375,944
EBITDA	$-125M	$-128M	·	$-169M	$-212M	$-219M	·	$-178M	$-334M	$-182M	·	$-111M	$-94M	$-76M	·	$-68M

Balance Sheet 24

Quarterly Balance Sheet data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Cash & Equivalents	$238M	$273M	$230M	$185M	$166M	$98M	$99M	$84M	$239M	$183M	$248M	$112M	$148M	$125M	$205M	$51M
Short-term Investments	$30M	$75M	$89M	$75M	$239M	$224M	$387M	$294M	$198M	$101M	·	$129M	$188M	$263M	·	·
Prepaid Expense	$27M	$35M	$47M	$55M	$61M	$56M	$49M	$55M	$60M	$46M	·	$34M	$28M	$26M	·	$18M
Other Current Assets	$2M	$3M	$2M	$8M	$8M	$4M	$3M	$1M	$7M	$11M	·	$23M	$22M	$25M	·	$12M
Current Assets	$297M	$386M	$368M	$324M	$475M	$383M	$538M	$440M	$511M	$349M	·	$311M	$434M	$544M	·	$81M
PP&E (Net)	$15M	$15M	$16M	$18M	$19M	$18M	$17M	$18M	$19M	$17M	·	$18M	$17M	$17M	·	$17M
Accum. Depreciation	$17M	$17M	$16M	$15M	$14M	$13M	$12M	$11M	$10M	$9M	·	$7M	$6M	$6M	·	$5M
Goodwill	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	$1M	·	$1M	$1M	$1M	·	$1M
Intangibles	$18M	$18M	$18M	$18M	$18M	$18M	$18M	$18M	$18M	$18M	·	$18M	$18M	$18M	·	$18M
Other Non-current Assets	$39M	$46M	$47M	$48M	$37M	$39M	$40M	$32M	$33M	$33M	·	$35M	$36M	$37M	·	$18M
Total Assets	$371M	$466M	$451M	$409M	$550M	$459M	$615M	$511M	$583M	$419M	·	$383M	$507M	$619M	·	$136M
Accounts Payable	$12M	$10M	$12M	$17M	$20M	$19M	$18M	$20M	$17M	$36M	·	$10M	$12M	$14M	·	$5M
Accrued Liabilities	$51M	$42M	$104M	$74M	$79M	$57M	$51M	$64M	$58M	$50M	·	$53M	$35M	$38M	·	$24M
Current Liabilities	$63M	$52M	$116M	$113M	$124M	$164M	$154M	$152M	$156M	$87M	·	$62M	$88M	$114M	·	$28M
Capital Leases	$33M	$38M	$40M	$40M	$30M	$31M	$33M	$25M	$26M	$27M	·	$28M	$29M	$30M	·	$4M
Other Non-current Liabilities	$3M	$5M	$5M	$5M	$5M	$5M	$5M	$5M	$4M	$3M	·	$2M	$3M	$2M	·	$7M
Total Liabilities	$359M	$337M	$399M	$426M	$416M	$199M	$192M	$195M	$199M	$117M	·	$93M	$119M	$146M	·	$35M
Common Stock	$2.14B	$2.13B	$1.93B	$1.74B	$1.74B	$1.69B	$1.66B	$1.38B	$1.30B	$911M	·	$619M	$618M	$616M	·	·
Paid-in Capital	$220M	$203M	$194M	$178M	$157M	$137M	$112M	$93M	$84M	$69M	·	$26M	$22M	$17M	·	·
Retained Earnings	$-2.35B	$-2.22B	$-2.08B	$-1.94B	$-1.77B	$-1.57B	$-1.35B	$-1.16B	$-999M	$-679M	·	$-355M	$-252M	$-162M	·	·
AOCI	$5M	$8M	$8M	$36.0K	$-3.0K	$73.0K	$79.0K	$140.0K	$-78.0K	$-106.0K	·	$158.0K	$20.0K	$166.0K	·	·
Stockholders' Equity	$12M	$130M	$52M	$-17M	$135M	$259M	$423M	$316M	$384M	$301M	$428M	$290M	$387M	$472M	$539M	$100M
Liabilities + Equity	$371M	$466M	$451M	$409M	$550M	$459M	$615M	$511M	$583M	$419M	·	$383M	$507M	$619M	·	$136M
Shares Outstanding	151,017,531	150,506,490	132,775,113	105,803,655	105,782,447	102,104,024	101,221,989	94,899,193	92,346,332	81,807,221	·	68,364,143	68,316,953	68,212,479	·	100

Cash Flow 11

Quarterly Cash Flow data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
D&A	$2M	$2M	$3M	$3M	$2M	$2M	$2M	$2M	$2M	$1M	$2M	$2M	$2M	$2M	$344.0K	$377.0K
Stock-based Comp	$19M	$28M	$17M	$22M	$21M	$53M	$13M	$12M	$12M	$35M	$16M	$4M	$5M	$4M	$116M	$17M
Other Non-cash	·	$-50M	·	·	·	$1M	·	·	·	$41M	·	·	·	$-13M	·	·
Operating Cash Flow	$-85M	$-150M	$-131M	$-146M	$-168M	$-165M	$-171M	$-141M	$-168M	$-103M	$-115M	$-95M	$-44M	$-78M	$-75M	$-96M
CapEx	$454.0K	$0	$8.0K	$13.0K	$233.0K	$461.0K	$49.0K	$611.0K	$3M	$440.0K	$470.0K	$1M	$595.0K	$735.0K	$300.0K	$5M
Investing Cash Flow	$45M	$15M	$-14M	$165M	$-16M	$165M	$-88M	$-93M	$-98M	$34M	$-4M	$59M	$76M	$-1M	$-264M	$-5M
Stock Issued	$0	$179M	$189M	$0	$0	$0	$271M	$76M	·	·	$243M	$0	·	·	·	·
Net Stock Activity	·	$179M	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Financing Cash Flow	$4M	$179M	$189M	$122.0K	$250M	$369.0K	$273M	$80M	$321M	$3M	$245M	$-40M	$-20M	$27M	$530M	$128M
Net Change in Cash	$-36M	$44M	$44M	$19M	$66M	$147.0K	$15M	$-154M	$55M	$-65M	$126M	$-76M	$11M	$-52M	$191M	$27M
Free Cash Flow	·	$-150M	·	·	·	$-166M	·	·	·	$-103M	·	·	·	$-78M	·	·

Profitability 3

Quarterly Profitability data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
ROA	-29.8%	-28.2%	·	-37.7%	-35.0%	-50.5%	·	-35.9%	-58.7%	-34.6%	·	-39.6%	-35.7%	-22.8%	·	-101.5%
ROE	-187.1%	-67.1%	·	-116.1%	-76.5%	-79.0%	·	-52.9%	-83.0%	-46.4%	·	-52.6%	-46.7%	-29.8%	·	-137.4%
ROIC	-1024.8%	-100.9%	·	988.3%	-157.5%	-85.6%	·	-56.4%	-87.0%	-61.0%	·	-36.9%	-24.9%	-16.7%	·	-68.7%

Liquidity & Solvency 2

Quarterly Liquidity & Solvency data for BHVN
Metric	Trend	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Current Ratio		4.7	7.4	·	2.9	3.8	2.3	·	2.9	3.3	4.0	·	5.0	4.9	4.8	·	2.8
Quick Ratio		4.3	6.7	·	2.3	3.3	2.0	·	2.5	2.8	3.3	·	3.9	3.8	3.4	·	1.8

Per Share 4

Quarterly Per Share data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Book Value / Share	$0.08	$0.86	·	$-0.16	$1.27	$2.54	·	$3.33	$4.16	$3.68	·	$4.24	$5.67	$6.92	·	$1002160.00
Cash Flow / Share	·	$-1.02	·	·	·	$-1.62	·	·	·	$-1.26	·	·	·	$-1.14	·	·
Cash / Share	$1.58	$1.81	·	$1.75	$1.57	$0.96	·	$0.89	$2.59	$2.23	·	$1.63	$2.16	$1.83	·	$506680.00
EPS (TTM)	$-5.37	$-6.63	·	$-7.45	$-9.45	$-9.71	·	$-9.04	$-8.66	$-6.05	·	$-5.60	$-9.26	$-10.40	·	$-10.75

Valuation (TTM) 8

Quarterly Valuation (TTM) data for BHVN
Metric	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Net Income TTM	$-639M	$-724M	·	$-754M	$-900M	$-881M	·	$-762M	$-692M	$-443M	·	$-332M	$-433M	$-440M	·	$-424M
Market Cap	$2.25B	$1.27B	·	$1.59B	$1.49B	$2.45B	·	$4.74B	$3.21B	$4.47B	·	$1.78B	$1.63B	$932M	·	$616
P/E	-2.8	-1.3	·	-2.0	-1.5	-2.5	·	-5.5	-4.0	-9.0	·	-4.6	-2.6	-1.3	·	-0.6
P/B	183.9	9.8	·	-92.5	11.1	9.5	·	15.0	8.4	14.8	·	6.1	4.2	2.0	·	0.0
P / Tangible Book	·	11.6	·	·	13.0	10.2	·	16.0	8.8	15.9	·	6.6	4.4	2.1	·	0.0
P / Cash Flow	·	-8.5	·	·	·	-14.9	·	·	·	-43.6	·	·	·	-12.0	·	·
P / FCF	·	-8.5	·	·	·	-14.8	·	·	·	-43.4	·	·	·	-11.9	·	·
Earnings Yield	-36.1%	-78.4%	·	-49.6%	-67.0%	-40.4%	·	-18.1%	-24.9%	-11.1%	·	-21.5%	-38.7%	-76.1%	·	-174.6%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Net Income	$-739M	$-846M	$-408M	$-570M	$-214M
Diluted EPS	$-6.86	$-9.28	$-5.73	$-12.75	$-5.43

Balance Sheet

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Current Ratio	3.2	3.5	8.0	6.5	—
Quick Ratio	2.8	3.2	6.9	5.2	—

Cash Flow

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$-610M	$-587M	$-335M	$-304M	—

Latest News Recent headlines mentioning this company

Why Biohaven Stock Crushed it on Monday Nasdaq · 4 months ago

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Institutional owners (13F) 327 filers · $1.5B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
60 (+14 vs prior Q)	30 (-8 vs prior Q)	103 (-5 vs prior Q)	83 (+13 vs prior Q)	+9.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution	Value	Shares	% of tracked 13F	Type
MONTANOVA CAPITAL, LLC	$153,069,623	10,286,937	9.92%	Shares
Woodline Partners LP	$113,984,966	7,660,280	7.39%	Shares
STATE STREET CORP	$103,371,866	6,947,034	6.70%	Shares
INFINITUM ASSET MANAGEMENT, LLC	$93,000,000	6,250,000	6.03%	Shares
RP Management, LLC	$70,593,628	2,936,507	4.57%	Shares
D. E. Shaw & Co., Inc.	$54,533,995	3,664,919	3.53%	Shares
Royalty Pharma Sub-Manager, LLC	$43,695,224	2,936,507	2.83%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$42,197,554	2,835,104	2.73%	Shares
FMR LLC	$40,651,446	2,731,952	2.63%	Shares
Cormorant Asset Management, LP	$38,836,800	2,610,000	2.52%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$37,035,442	2,488,941	2.40%	Shares
GOLDMAN SACHS GROUP INC	$29,760,446	2,000,030	1.93%	Shares
Balyasny Asset Management L.P.	$27,970,442	1,879,734	1.81%	Shares
TCG Crossover Management, LLC	$26,485,686	1,779,952	1.72%	Shares
Rubric Capital Management LP	$25,615,816	1,721,493	1.66%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$22,153,478	1,488,809	1.44%	Shares
CITADEL ADVISORS LLC	$21,146,251	1,421,119	1.37%	Shares
ARS Investment Partners, LLC	$20,447,873	1,374,185	1.32%	Shares
BNP PARIBAS FINANCIAL MARKETS	$18,219,399	1,224,422	1.18%	Shares
Capital Research Global Investors	$17,849,230	1,199,545	1.16%	Shares
MYDA Advisors LLC	$17,112,000	1,150,000	1.11%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$16,506,131	1,109,283	1.07%	Shares
STEMPOINT CAPITAL LP	$15,835,296	1,064,200	1.03%	Shares
Simplify Asset Management Inc.	$15,478,994	1,040,255	1.00%	Shares
ADAGE CAPITAL PARTNERS GP, L.L.C.	$14,880,000	1,000,000	0.96%	Shares
UBS Group AG	$13,898,084	934,011	0.90%	Shares
Qube Research & Technologies Ltd	$13,480,313	905,935	0.87%	Shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC	$13,134,933	882,724	0.85%	Shares
Lakeview Capital Partners, LLC	$12,416,186	332,428	0.80%	Shares
VANGUARD FIDUCIARY TRUST CO	$12,332,232	828,779	0.80%	Shares
BANK OF AMERICA CORP /DE/	$12,101,413	813,267	0.78%	Shares
Ikarian Capital, LLC	$11,132,933	748,181	0.72%	Shares
Erste Asset Management GmbH	$11,022,635	737,300	0.71%	Shares
5AM Venture Management, LLC	$10,995,903	738,972	0.71%	Shares
Iron Triangle Partners LP	$10,819,613	958,336	0.70%	Shares
Integral Health Asset Management, LLC	$10,416,000	700,000	0.67%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$9,780,624	657,300	0.63%	Call option
Longaeva Partners L.P.	$8,926,557	599,903	0.58%	Shares
ORACLE INVESTMENT MANAGEMENT INC	$8,717,923	772,181	0.56%	Shares
Sarissa Capital Management LP	$8,664,803	582,312	0.56%	Shares
Pfizer Inc	$8,004,360	505,645	0.52%	Shares
Eversept Partners, LP	$7,675,164	515,804	0.50%	Shares
VANGUARD GROUP INC	$7,566,953	670,235	0.49%	Shares
Trexquant Investment LP	$7,494,967	503,694	0.49%	Shares
ADAR1 Capital Management, LLC	$7,465,103	501,687	0.48%	Shares
Burkehill Global Management, LP	$7,440,000	500,000	0.48%	Shares
Point72 Asset Management, L.P.	$7,319,740	491,918	0.47%	Shares
IEQ CAPITAL, LLC	$7,080,871	475,865	0.46%	Shares
Caption Management, LLC	$7,068,000	475,000	0.46%	Call option
TWO SIGMA INVESTMENTS, LP	$6,603,372	443,775	0.43%	Shares
Fiera Capital Corp	$6,500,313	436,849	0.42%	Shares
MILLENNIUM MANAGEMENT LLC	$6,212,906	417,534	0.40%	Shares
RAYMOND JAMES FINANCIAL INC	$5,876,677	394,938	0.38%	Shares
Aberdeen Group plc	$5,438,923	365,519	0.35%	Shares
QVT Financial LP	$5,270,585	354,206	0.34%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$5,194,608	349,100	0.34%	Put option
QTR Family Wealth, LLC	$5,020,988	337,432	0.33%	Shares
DIADEMA PARTNERS LP	$4,716,960	317,000	0.31%	Call option
Nuveen Asset Management, LLC	$4,688,546	125,530	0.30%	Shares
ALGERT GLOBAL LLC	$4,597,622	308,980	0.30%	Shares
CITADEL ADVISORS LLC	$4,525,008	304,100	0.29%	Call option
TWO SIGMA ADVISERS, LP	$4,049,723	358,700	0.26%	Shares
BlackRock, Inc.	$4,023,716	270,411	0.26%	Shares
Susquehanna Portfolio Strategies, LLC	$4,017,109	269,967	0.26%	Shares
AMERIPRISE FINANCIAL INC	$3,755,400	252,379	0.24%	Shares
Affinity Asset Advisors, LLC	$3,720,000	250,000	0.24%	Shares
Swiss National Bank	$3,705,120	249,000	0.24%	Shares
NewEdge Wealth, LLC	$3,655,570	245,670	0.24%	Shares
MORGAN STANLEY	$3,579,161	240,535	0.23%	Shares
JANUS HENDERSON GROUP PLC	$3,503,225	414,263	0.23%	Shares
BOOTHBAY FUND MANAGEMENT, LLC	$3,432,578	230,684	0.22%	Shares
Mariner, LLC	$3,162,621	212,539	0.20%	Shares
FEDERATED HERMES, INC.	$3,006,355	202,040	0.19%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$2,695,988	181,182	0.17%	Shares
NEW YORK STATE COMMON RETIREMENT FUND	$2,688,087	180,651	0.17%	Shares
Quantinno Capital Management LP	$2,540,745	170,749	0.16%	Shares
XTX Topco Ltd	$2,532,025	170,163	0.16%	Shares
RHUMBLINE ADVISERS	$2,451,450	164,749	0.16%	Shares
SPHERA FUNDS MANAGEMENT LTD.	$2,446,823	164,437	0.16%	Shares
TD Asset Management Inc	$2,383,627	160,190	0.15%	Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE	$2,366,917	159,067	0.15%	Shares
Empowered Funds, LLC	$2,262,653	152,060	0.15%	Shares
RENAISSANCE TECHNOLOGIES LLC	$2,243,190	150,752	0.15%	Shares
Caption Management, LLC	$2,157,600	145,000	0.14%	Shares
Bank of New York Mellon Corp	$2,075,016	139,450	0.13%	Shares
DAFNA Capital Management LLC	$2,047,384	137,593	0.13%	Shares
JANE STREET GROUP, LLC	$2,034,691	136,740	0.13%	Shares
DCF Advisers, LLC	$2,001,360	134,500	0.13%	Call option
DCF Advisers, LLC	$1,934,400	130,000	0.13%	Shares
WELLS FARGO & COMPANY/MN	$1,812,726	121,823	0.12%	Shares
CITADEL ADVISORS LLC	$1,779,648	119,600	0.12%	Put option
BARCLAYS PLC	$1,729,042	116,199	0.11%	Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	$1,726,182	125,152	0.11%	Shares
MERCER GLOBAL ADVISORS INC /ADV	$1,705,159	114,594	0.11%	Shares
Squarepoint Ops LLC	$1,624,316	109,161	0.11%	Shares
Cerity Partners LLC	$1,581,580	106,289	0.10%	Shares
Rafferty Asset Management, LLC	$1,567,965	105,374	0.10%	Shares
VIRGINIA RETIREMENT SYSTEMS ET Al	$1,511,731	133,900	0.10%	Shares
TORONTO DOMINION BANK	$1,463,552	98,357	0.09%	Shares
ALLIANCEBERNSTEIN L.P.	$1,462,531	172,876	0.09%	Shares

Company insiders 4 insiders · 0 officers · 1 directors

Insider	Role	Last activity	Shares owned	Buys 12m	Net 12m
John W Childs	Director	April 28, 2026 A	2,323,971	2	$25,864,210
Gregory H. Bailey	—	April 28, 2026 A	—	0	$0
Robert J Hugin	—	April 28, 2026 A	—	0	$0
Julia P Gregory	—	April 28, 2026 A	—	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 20 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund	Weight	Units	As of	Source
IBRN · iShares Trust	1.84%	9,836 SH	Aug. 8, 2026	Daily
LABU · Direxion Shares ETF Trust	0.41%	220,160 NS	April 30, 2026	N-PORT
IBB · iShares Trust	0.14%	920,096 SH	Aug. 8, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.12%	237,010 SH	Aug. 8, 2026	Daily
VTWG · VANGUARD SCOTTSDALE FUNDS	0.12%	143,177 SH	Aug. 8, 2026	Daily
IWO · iShares Trust	0.12%	1,202,751 SH	Aug. 8, 2026	Daily
NUSC · Nushares ETF Trust	0.10%	137,120 NS	April 30, 2026	N-PORT
ESML · iShares Trust	0.08%	159,883 SH	Aug. 8, 2026	Daily
IWM · iShares Trust	0.06%	3,403,364 SH	Aug. 8, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.06%	768,380 SH	Aug. 8, 2026	Daily
ISCV · iShares Trust	0.06%	28,693 SH	Aug. 8, 2026	Daily
RSSL · Global X Funds	0.03%	50,930 NS	April 30, 2026	N-PORT
VHT · VANGUARD WORLD FUND	0.03%	373,567 SH	Aug. 8, 2026	Daily
ISCB · iShares Trust	0.03%	5,755 SH	Aug. 8, 2026	Daily
VXF · VANGUARD INDEX FUNDS	0.02%	1,488,809 SH	Aug. 8, 2026	Daily
WSML · iShares Trust	0.02%	7,682 SH	Aug. 8, 2026	Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS	0.01%	3,543 NS	May 31, 2026	N-PORT
IWV · iShares Trust	0.00%	36,559 SH	Aug. 8, 2026	Daily
ITOT · iShares Trust	0.00%	169,746 SH	Aug. 8, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	11,060 SH	Aug. 8, 2026	Daily

BHVN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

BHVN Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

Moving averages & overlays

Volume

Oscillators

Momentum & trend

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

BHVN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Latest News Recent headlines mentioning this company

My Metrics Your personal watchlist — selected rows from Full Fundamentals

Institutional owners (13F) 327 filers · $1.5B total · As of June 30, 2026

Company insiders 4 insiders · 0 officers · 1 directors

ETF ownership Held by 20 ETFs