Biohaven annual operating expenses
2020
2021
2022
2023
2024
2025
Biohaven Operating Expenses Growth & History (BHVN)
Biohaven's operating expenses was $745.4M for fiscal 2025.
View full Biohaven company overviewBiohaven annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $745.4M | −$139.7M | −15.79% |
| 2024 | 2024-12-31 | $885.1M | $449.1M | +102.98% |
| 2023 | 2023-12-31 | $436.1M | −$131.9M | −23.22% |
| 2022 | 2022-12-31 | $567.9M | $349.0M | +159.45% |
| 2021 | 2021-12-31 | $218.9M | $104.4M | +91.17% |
| 2020 | 2020-12-31 | $114.5M | — | — |
Biohaven quarterly operating expenses
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $124.9M | −$86.8M | −41.00% |
| Q1 2026 | 2026-03-31 | $130.4M | −$91.1M | −41.13% |
| Q4 2025 | 2025-12-31 | $142.7M | — | — |
| Q3 2025 | 2025-09-30 | $169.4M | — | — |
| Q2 2025 | 2025-06-30 | $211.7M | — | — |
| Q1 2025 | 2025-03-31 | $221.6M | — | — |
Biohaven operating expenses trends
Over the last five fiscal years, Biohaven's operating expenses increased from $114.5M to $745.4M, a change of $630.9M. The latest reported quarter, Q2 2026, shows $124.9M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Biohaven source filings ↗