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Biohaven Ltd. (BHVN) Fundamental Analysis & AI Grade 2026

BHVN NYSE Pharmaceutical Preparations D8 CIK: 0001935979
Updated This Month • Analysis: May 13, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
82% Confidence
AGREEMENT
C
78% Conf
D
86% Conf

📊 BHVN Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-149.9M
Current Ratio: 7.41x
Debt/Equity: 0.00x
EPS: $-0.88
AI Grade: C with 78% confidence
Biohaven Ltd. (BHVN) receives a C fundamental grade with 82% confidence from our AI analysis based on SEC 10-K filings., and return on equity (ROE) of -100.8% Below is our complete BHVN stock analysis for 2026.

Is Biohaven Ltd. (BHVN) a Good Investment?

Claude

Pre-revenue pharmaceutical company with severe operating losses (-$130.4M) and no revenue generation, indicating early-stage development status. While maintaining strong liquidity ($273.1M cash, 7.41x current ratio) and zero debt provide ~1.8 year operational runway, the company is destroying shareholder value with negative ROE of -100.8% and ROA of -28.0%.

ChatGPT

Biohaven's fundamentals remain very weak: it is generating no reported revenue while posting a $738.82M net loss and burning more than $609M in operating cash flow. Although losses improved year over year and liquidity is currently adequate with $229.96M of cash and a 3.18x current ratio, the business still lacks evidence of durable operating leverage, self-funded growth, or a sustainable profitability path.

Biohaven Ltd. Key Strengths (BHVN)

Claude
  • + Strong cash position of $273.1M representing 58% of total assets
  • + Excellent liquidity with 7.41x current ratio and no long-term debt obligations
  • + Zero leverage (0.00 debt/equity) provides financial flexibility for operations and future financing
ChatGPT
  • + Loss per share and net loss improved year over year, indicating some operating progress
  • + Balance sheet leverage appears low with no reported long-term debt and 0.00x debt-to-equity
  • + Current liquidity is solid, supported by $229.96M in cash and a 3.18x current ratio

BHVN Stock Risks: Biohaven Ltd. Investment Risks

Claude
  • ! Absent revenue generation with no sales reported despite pharmaceutical sector classification
  • ! Operating cash burn of -$149.9M annually provides approximately 1.8 year runway at current rate
  • ! Persistent negative profitability destroying shareholder equity with -100.8% ROE and -28.0% ROA
ChatGPT
  • ! No reported revenue means the business is not yet demonstrating commercial traction or recurring earnings power
  • ! Extremely high cash burn and deeply negative operating income suggest future capital needs if spending remains elevated
  • ! Very small equity base and highly negative ROE/ROA reflect weak financial resilience and poor capital efficiency

Key Metrics to Watch

Claude
  • * Clinical trial progression and FDA approval timeline for pipeline candidates
  • * Quarterly operating cash burn trajectory to assess runway extension or compression
  • * Revenue realization date and initial sales volumes from approved indications
ChatGPT
  • * Quarterly revenue emergence and commercialization progress
  • * Operating cash burn relative to cash balance and equity cushion

Biohaven Ltd. (BHVN) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$-130.5M
EPS (Diluted)
$-0.88
Free Cash Flow
$-149.9M
Total Assets
$466.4M
Cash Position
$273.1M

💡 AI Analyst Insight

Strong liquidity with a 7.41x current ratio provides a solid financial cushion.

BHVN Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -100.8%
ROA -28.0%
FCF Margin N/A

BHVN vs Healthcare Sector: How Biohaven Ltd. Compares

How Biohaven Ltd. compares to Healthcare sector averages

Net Margin
BHVN 0.0%
vs
Sector Avg 12.0%
BHVN Sector
ROE
BHVN -100.8%
vs
Sector Avg 15.0%
BHVN Sector
Current Ratio
BHVN 7.4x
vs
Sector Avg 2.0x
BHVN Sector
Debt/Equity
BHVN 0.0x
vs
Sector Avg 0.6x
BHVN Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Biohaven Ltd. Stock Overvalued? BHVN Valuation Analysis 2026

Based on fundamental analysis, Biohaven Ltd. has mixed fundamental signals relative to the Healthcare sector in 2026.

Return on Equity
-100.8%
Sector avg: 15%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Biohaven Ltd. Balance Sheet: BHVN Debt, Cash & Liquidity

Current Ratio
7.41x
Quick Ratio
7.41x
Debt/Equity
0.00x
Debt/Assets
72.2%
Interest Coverage
N/A
Long-term Debt
N/A

BHVN Revenue & Earnings Growth: 5-Year Financial Trend

BHVN 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Biohaven Ltd.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-5.73 indicates the company is currently unprofitable.

BHVN Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

Biohaven Ltd. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$149.9M
Cash generated from operations
Dividends
None
No dividend program

BHVN SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Biohaven Ltd. (CIK: 0001935979)

📋 Recent SEC Filings

Date Form Document Action
May 27, 2026 8-K bhvn-20260526.htm View →
May 5, 2026 8-K bhvn-20260504.htm View →
May 4, 2026 10-Q bhvn-20260331.htm View →
May 4, 2026 8-K bhvn-20260504.htm View →
May 4, 2026 8-K bhvn-20260428.htm View →

Frequently Asked Questions about BHVN

What is the AI rating for BHVN?

Biohaven Ltd. (BHVN) has a Combined AI Grade of C from Claude (C) and ChatGPT (D) with 82% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are BHVN's key strengths?

Claude: Strong cash position of $273.1M representing 58% of total assets. Excellent liquidity with 7.41x current ratio and no long-term debt obligations. ChatGPT: Loss per share and net loss improved year over year, indicating some operating progress. Balance sheet leverage appears low with no reported long-term debt and 0.00x debt-to-equity.

What are the risks of investing in BHVN?

Claude: Absent revenue generation with no sales reported despite pharmaceutical sector classification. Operating cash burn of -$149.9M annually provides approximately 1.8 year runway at current rate. ChatGPT: No reported revenue means the business is not yet demonstrating commercial traction or recurring earnings power. Extremely high cash burn and deeply negative operating income suggest future capital needs if spending remains elevated.

What is BHVN's revenue and growth?

Biohaven Ltd. reported revenue of N/A.

Does BHVN pay dividends?

Biohaven Ltd. does not currently pay dividends.

Where can I find BHVN SEC filings?

Official SEC filings for Biohaven Ltd. (CIK: 0001935979) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is BHVN's EPS?

Biohaven Ltd. has a diluted EPS of $-0.88.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is BHVN's fundamental grade?

Based on our AI fundamental analysis in June 2026, Biohaven Ltd. has a C grade with 82% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is BHVN stock overvalued or undervalued?

Valuation metrics for BHVN: ROE of -100.8% (sector avg: 15%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is BHVN's AI grade for 2026?

Our dual AI analysis gives Biohaven Ltd. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is BHVN's free cash flow?

Biohaven Ltd.'s operating cash flow is $-149.9M, with capital expenditures of $0.0.

How does BHVN compare to other Healthcare stocks?

Vs Healthcare sector averages: Net margin N/A (avg: 12%), ROE -100.8% (avg: 15%), current ratio 7.41 (avg: 2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 13, 2026 | Data as of: 2026-03-31 | Powered by Claude AI