Stock Ratings / Health Care / BHVN / financials

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Biohaven Ltd. (BHVN) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$15.42 -6.49% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $15.21

Biohaven Ltd. (BHVN) carries a Roarable Rating of D (Sell) with 45/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $2.49B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on BHVN Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is BHVN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-02, Biohaven Ltd. (NYSE: BHVN) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 45/100 at a spot price of $15.42 (-6.49% 1D, market cap $2.49B). Pillar breakdown: Fundamental Cash Engine 6/20, Institutional 13F & Options Flow 17/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 9/20, and SEC Balance-Sheet Forensics 3/20. Across 1016 tracked Health Care issuers, BHVN ranks #398 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does BHVN compare to NAMS and ZLAB in the Health Care sector?

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Within the Health Care sector (Biotechnology: Pharmaceutical Preparations), BHVN carries a Roarable D (45/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -35.0%. By comparison, NAMS (NewAmsterdam Pharma Company N.V.) holds a E grade (27/100 RQD, P/E N/A, ROIC -35.0%, cap $2.48B) and ZLAB (Zai Lab Limited) posts a E grade (29/100 RQD, P/E N/A, ROIC -35.0%, cap $2.51B). Among the 5-stock peer group, BHVN leads on earnings multiple (N/A) while SUPN leads on capital efficiency (-4.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for BHVN?

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Per BHVN's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001935979), Biohaven Ltd. generated $0 in revenue, -$738.8M in net income, and -$610.2M in free cash flow against $451.4M in total assets and $0 in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $15.21 (-1.36%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 6/20 (E) • 0% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (45/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.3% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

3-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D

Each axis scored 0–20

12M PRICE TARGET CONE-5.8% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for BHVN)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (45/100 Composite)

🔍 WHY BHVN SCORES 45/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Whale & Options Positioning+17/20 pts (38% of score)

20D Institutional Volume Accumulation (±12.5% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (22% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 3/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade E$11.81-3.9% Next Q

Q2 (-2Q)

Grade D$11.35+27.3% Next Q

Q3 (-1Q)

Grade D$14.45+6.7% Next Q

Current

Grade D$15.42-6.3% Hist 90D α

Trajectory: E (37) → D (45)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a BHVN Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While BHVN currently carries a cautious 45/100 (D) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Big institutional funds and options desks are actively positioning on the bullish side.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($13.68) and Max Pain ($16.19) forces dealer call-delta covering toward $19.15.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $BHVN• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “BHVN Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 45%NO 55%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How BHVN Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $4.00B

FY24

Rev $4.00B

FY25

Rev $4.00B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$4.00B	52%	-18.6%	-$738.8M	-$610.2M	-45%
FY 2024	$4.00B	52%	-22.1%	-$846.4M	-$586.5M	-45%
FY 2023	$4.00B	52%	-10.9%	-$408.2M	-$331.7M	-35%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring BHVN)

✓Walkthrough of BHVN's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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BHVN // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +52.07%📐 HORIZONTAL RANGE

2026-11-02O $15.52H $16.49L $15.42C $15.42VOL 2.45M

RES: $19.57SUP: $10.20SMA50: $13.68SMA200: $12.25

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

BHVN Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 BHVN Butterfly Map → + Track BHVN →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on BHVN today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for BHVN. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for BHVN today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (BHVN)

Health Care Rank #398 of 1016 ⚔️ NAMS vs BHVN Full Matrix →

1. Head-to-Head Health Care Peer Comparison (BHVN vs. NAMS, ZLAB, SUPN, PGEN)

Industry: Biotechnology: Pharmaceutical Preparations (489 Tracked Issuers)

Across 1016 tracked Health Care securities in the Roarable RQD universe, Biohaven Ltd. (BHVN) ranks #398 by composite RQD confidence (45/100, grade D) and #221 by equity capitalization ($2.49B). Within this direct 5-issuer industry benchmark cohort, BHVN leads on earnings valuation at N/A trailing P/E, while SUPN leads on capital efficiency and profitability with -4.5% ROIC and 89.6% gross margin. SUPN currently holds the highest overall quantitative score in the immediate peer group at 56/100 (D+) compared with BHVN at 45/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
BHVN ACTIVE Biohaven Ltd.	D	45/100	—	—	-35.0%	-6.49%	$2.49B	Benchmark Subject
NAMS NewAmsterdam Pharma Company N.V.	E	27/100	—	—	-35.0%	-3.37%	$2.48B	/nams-vs-bhvn →
ZLAB Zai Lab Limited	E	29/100	—	58.3%	-35.0%	-1.30%	$2.51B	/zlab-vs-bhvn →
SUPN Supernus Pharmaceuticals Inc.	D+	56/100	—	89.6%	-4.5%	+0.19%	$2.43B	/supn-vs-bhvn →
PGEN Precigen Inc.	E	32/100	—	—	-35.0%	+4.52%	$2.38B	/pgen-vs-bhvn →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001935979

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Biohaven Ltd. (BHVN) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of -$738.8M, operating cash flow of -$609.4M, and free cash flow of -$610.2M (-4.0% YoY). On the balance sheet, BHVN closed FY2025 with $451.4M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	-$738.8M	-$609.4M	-$610.2M	$451.4M	—
FY2024 (FY)	2024-12-31	$0	-$846.4M	-$582.5M	-$586.5M	$615.1M	—
FY2023 (FY)	2023-12-31	$0	-$408.2M	-$331.7M	-$331.7M	—	—

3. BHVN Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is BHVN stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does BHVN compare to NAMS and ZLAB in the Health Care sector?

What are the biggest fundamental strengths and SEC risk factors for BHVN?

Where is BHVN trading relative to its 50-day, 200-day, and 52-week technical levels?

BHVN last traded at $15.42 (-6.49% on volume of 3,164,755 shares), positioning the stock +12.72% above its 50-day simple moving average ($13.68) and +25.88% above its 200-day simple moving average ($12.25). Across its 52-week range of $7.48 to $18.24, BHVN sits at the 73.8% percentile with a 14-day RSI of 65.4 (BULLISH MOMENTUM) and an implied next-earnings move of ±12.5% ($13.49 to $17.35).

BHVN Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Biohaven Ltd. (BHVN)?

In FY 2025 (10-K), BHVN converted $4.0B of revenue into a 52% gross margin, 0% operating margin, and $0 in free cash flow (0% FCF margin).

Direct Sub-Reports: BHVN RQD Cockpit BHVN 12M Forecast BHVN Earnings & Move BHVN Dividends & DRIP BHVN Insiders & 13F BHVN Whale Options BHVN Profit Sankey BHVN News & Why