Filing Flows › Harmony Biosciences Holdings (HRMY) › Q2 2025
Harmony Biosciences Holdings (HRMY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Harmony Biosciences Holdings (HRMY) reported revenue of $200M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before. Operating margin was 24.0%, net earnings $39.8M (19.8% of revenue).
Harmony Biosciences Holdings, Q2 2025: revenue $200M (+16% year over year), operating margin 24.0%, net earnings $39.8M, operating cash flow $79.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +9% | +16% |
| Gross profit | $162M | +6% | +15% |
| Operating profit | $48.2M | -14% | +126% |
| Net earnings | $39.8M | -13% | +243% |
| Operating cash flow | $79.3M | +133% | +86% |
| Free cash flow | $79.3M | +134% | +89% |
What changed
Revenue was $200.5M in Q2 2025, up 16% year over year and up 9% from the previous quarter.
Gross margin was 81.0%, down 0.4 points from a year earlier. Operating profit was $48.2M, a 24.0% margin (up 11.7 points year over year). Of the extra revenue versus a year earlier, 97% reached operating profit, above the 12% margin then. Operating expenses fell 4% while revenue rose 16%. The fastest-growing cost line was General & admin (+25%). Net earnings were $39.8M, up 243% year over year. The effective tax rate was 19.9%.
Operating cash flow was $79.3M (up 86% year over year), 199% of net earnings. Non-cash charges added back $6.0M of depreciation and amortization and $11.5M of share-based compensation. Working capital and other items added $22.1M. Capital expenditures of $4K left free cash flow of $79.3M.
Questions
What was Harmony Biosciences Holdings' revenue in the second quarter 2025?
Harmony Biosciences Holdings (HRMY) reported revenue of $200M for the second quarter 2025 (Q2 2025), +16% from a year earlier and +9% from the quarter before.
Was Harmony Biosciences Holdings profitable in the second quarter 2025?
Operating profit was $48.2M (24.0% of revenue) and net earnings $39.8M.