Pharming Group N.V. logo

Pharming Group N.V.

PHAR

NASDAQHealthcareBiotechnology

Latest quote

$11.77

+$0.17 · +1.46%

Aug 21, 3:55 PM ET

PHAR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

79

Undervalued

Momentum

43

Neutral

Sentiment

63

Bullish

Risk resilience

53

Elevated Risk

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Company profile

Company website

Pharming Group N.V. is a biopharmaceutical company dedicated to the creation and commercialization of protein replacement therapies and precision medicines. The firm concentrates its efforts on addressing rare diseases and critical unmet medical needs across the United States, Europe, and other international markets. Its primary commercialized product is Ruconest, a recombinant human C1 esterase inhibitor utilized for the acute treatment of hereditary angioedema. Pharming's development pipeline also includes rhC1INH, which is being investigated for conditions such as pre-eclampsia, acute kidney injury, and COVID-19. Additionally, the company is developing leniolisib, a phosphoinositide 3-kinase delta (PI3K delta) inhibitor designed for patients with activated PI3K delta syndrome, as well as an alpha-glucosidase therapy targeting Pompe and Fabry diseases. The company has established significant collaborations, including a development and licensing agreement with Novartis. It also maintains a strategic partnership with Orchard Therapeutics plc for the research, development, manufacturing, and commercialization of OTL-105, an investigational ex-vivo autologous hematopoietic stem cell gene therapy intended for hereditary angioedema. Pharming Group N.V. is headquartered in Leiden, the Netherlands.

Industry
Biotechnology
Sector
Healthcare
Headquarters
NL
CEO
Fabrice Chouraqui
Listed since
Dec 23, 2020
Employees
407

Market position

Volume
10.89K
0.86× average
Average volume
12.67K
Average daily volume
Market cap
838.72M USD
Beta
0.09
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.23B USD
P/E (TTM)
80.72×
P/B (TTM)
3.27×
P/S (TTM)
2.29×
EV / EBITDA
35.36×
Earnings yield
0.23%
Free cash flow yield
4.28%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
86.50%
Operating margin
3.99%
Net margin
2.55%
Return on equity
1.03%
Return on assets
0.57%
Return on invested capital
1.05%

Financial health

Debt / equity
0.49×
Current ratio
2.59×
Altman Z-score
2.83
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends102%61%21%-19%Gross margin, FY2021: 89.37%Gross margin, FY2022: 91.46%Gross margin, FY2023: 89.72%Gross margin, FY2024: 88.09%Gross margin, FY2025: 87.90%Operating margin, FY2021: 9.56%Operating margin, FY2022: 4.80%Operating margin, FY2023: -9.09%Operating margin, FY2024: -1.23%Operating margin, FY2025: 5.55%Net margin, FY2021: 8.04%Net margin, FY2022: 6.65%Net margin, FY2023: -4.30%Net margin, FY2024: -3.98%Net margin, FY2025: 0.76%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 89.37%. Gross margin FY2022 91.46%. Gross margin FY2023 89.72%. Gross margin FY2024 88.09%. Gross margin FY2025 87.90%. Operating margin FY2021 9.56%. Operating margin FY2022 4.80%. Operating margin FY2023 -9.09%. Operating margin FY2024 -1.23%. Operating margin FY2025 5.55%. Net margin FY2021 8.04%. Net margin FY2022 6.65%. Net margin FY2023 -4.30%. Net margin FY2024 -3.98%. Net margin FY2025 0.76%.

Income trends

Revenue

376.13M USD+26.56%

Operating income

20.88M USD+24.55M USD

Net income

2.85M USD+14.69M USD
Income trends across reported periods415.98M USD256.61M USD97.24M USD−62.13M USDRevenue, FY2021: 198.87M USDRevenue, FY2022: 205.62M USDRevenue, FY2023: 245.32M USDRevenue, FY2024: 297.2M USDRevenue, FY2025: 376.13M USDOperating income, FY2021: 19.01M USDOperating income, FY2022: 9.86M USDOperating income, FY2023: −22.29M USDOperating income, FY2024: −3.67M USDOperating income, FY2025: 20.88M USDNet income, FY2021: 16M USDNet income, FY2022: 13.67M USDNet income, FY2023: −10.55M USDNet income, FY2024: −11.84M USDNet income, FY2025: 2.85M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 198.87M USD. Revenue FY2022 205.62M USD. Revenue FY2023 245.32M USD. Revenue FY2024 297.2M USD. Revenue FY2025 376.13M USD. Operating income FY2021 19.01M USD. Operating income FY2022 9.86M USD. Operating income FY2023 −22.29M USD. Operating income FY2024 −3.67M USD. Operating income FY2025 20.88M USD. Net income FY2021 16M USD. Net income FY2022 13.67M USD. Net income FY2023 −10.55M USD. Net income FY2024 −11.84M USD. Net income FY2025 2.85M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue376.13M USD297.2M USD245.32M USD205.62M USD198.87M USD
Cost of goods sold45.5M USD35.4M USD25.21M USD17.56M USD21.14M USD
Gross profit330.63M USD261.8M USD220.1M USD188.06M USD177.73M USD
Research and development100.37M USD83.15M USD68.91M USD52.53M USD70.37M USD
Selling, general, and administrative117.44M USD99.22M USD87.5M USD68.85M USD
Operating expenses309.75M USD265.47M USD242.39M USD178.2M USD158.72M USD
Interest income2.18M USD5.92M USD3.53M USD85K USD59.99K USD
Interest expense10.72M USD9.05M USD5.96M USD5.36M USD7M USD
Depreciation and amortization11.22M USD16.07M USD15.93M USD13.19M USD19.61M USD
Operating income20.88M USD−3.67M USD−22.29M USD9.86M USD19.01M USD
Net income2.85M USD−11.84M USD−10.55M USD13.67M USD16M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 7 misses, 0 met estimates
Average EPS surprise
-287.13%
11 comparable reports
Latest EPS result
0.02
Estimate 0.06 · Miss by 68.25%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.140.01-0.13-0.26Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 0.05, estimate 0.019, surprise +163.16%, Beat. Q2 2025, reported May 8, 2025: actual -0.22, estimate -0.025, surprise -780.00%, Miss. Q3 2025, reported Jul 31, 2025: actual 0.06, estimate -0.1, surprise +160.00%, Beat. Q4 2025, reported Nov 6, 2025: actual 0.1, estimate 0.05, surprise +100.00%, Beat. Q1 2026, reported Mar 12, 2026: actual 0.07, estimate 0.015, surprise +366.67%, Beat. Q2 2026, reported May 7, 2026: actual -0.07, estimate 0.05, surprise -240.00%, Miss. Q3 2026, reported Jul 30, 2026: actual 0.02, estimate 0.063, surprise -68.25%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates116.23M98.57M80.92M63.26MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 92.7M USD, estimate 81.25M USD, surprise +14.09%, Beat. Q2 2025, reported May 8, 2025: actual 79.09M USD, estimate 67.74M USD, surprise +16.77%, Beat. Q3 2025, reported Jul 31, 2025: actual 93.2M USD, estimate 82.63M USD, surprise +12.79%, Beat. Q4 2025, reported Nov 6, 2025: actual 97.3M USD, estimate 98.22M USD, surprise -0.94%, Miss. Q1 2026, reported Mar 12, 2026: actual 106.5M USD, estimate 111.76M USD, surprise -4.71%, Miss. Q2 2026, reported May 7, 2026: actual 72.45M USD, estimate 92.06M USD, surprise -21.30%, Miss. Q3 2026, reported Jul 30, 2026: actual 90.2M USD, estimate 99.52M USD, surprise -9.36%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 106.06M USD, surprise —, Comparison unavailable.

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