Biohaven Ltd.
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
BHVN$15.11-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Amounts in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(397,122) | $(593,267) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 6,849 | 7,349 |
| Non-cash share-based compensation | 66,074 | 95,409 |
| Issuance of common shares as payment under license and other agreements | 858 | 4,844 |
| Change in fair value of forward contract and derivative liabilities | — | (11,274) |
| Change in fair value of notes payable | 22,463 | 12,390 |
| Other non-cash items, net | (1,770) | (5,409) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current and non-current assets | 18,674 | (5,284) |
| Accounts payable | 1,891 | (538) |
| Accrued expenses and other current and non-current liabilities | (59,785) | 17,004 |
| Net cash used in operating activities | (341,868) | (478,776) |
| Cash flows from investing activities: | ||
| Proceeds from maturities of marketable securities | 140,000 | 495,000 |
| Purchases of marketable securities | (114,662) | (178,144) |
| Purchases of property and equipment | (634) | (707) |
| Other investing activities | — | (1,849) |
| Net cash provided by investing activities | 24,704 | 314,300 |
| Cash flows from financing activities: | ||
| Proceeds from issuance of notes payable | — | 250,000 |
| Proceeds from issuance of common shares | 178,884 | — |
| Payment of issuance costs | — | (1,247) |
| Proceeds from issuance of common shares under 2022 Equity Incentive Plan | 4,139 | 1,568 |
| Other financing activities, net | — | — |
| Net cash provided by financing activities | 183,023 | 250,321 |
| Effects of exchange rates on cash, cash equivalents, and restricted cash | 19 | (3) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (134,122) | 85,842 |
| Cash, cash equivalents, and restricted cash at beginning of period | 232,779 | 102,542 |
| Cash, cash equivalents, and restricted cash at end of period | $98,657 | $188,384 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.