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PH

Pharming Group N.V.

PHARHealthcareNASDAQ

Biotechnology

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Financials · Annual
Revenue
$376.1M
+26.6% YoY
Net Income
$2.9M
+124.1% YoY
EBITDA
$34.8M
+113.2% YoY
Free Cash Flow
$59.0M

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About Pharming Group N.V.

Part of the healthcare sector, Pharming Group N.V. (PHAR) is listed under Biotechnology. The company carries a $925.2M market cap, placing it firmly in the small-cap category. The company's lead product is RUCONEST, a recombinant C1 esterase inhibitor for the treatment of acute attacks in adult and adolescent patients with acute hereditary angioedema (HAE); and Joenja (leniolisib), an oral small molecule PI3K? inhibitor for the treatment of activated phosphoinositide 3-kinase delta syndrome.

Key stats
Market Cap$925.2M
P/E (TTM)68.95
Fwd P/E45.12
EPS$0.19
Beta0.12
52W Change+16.6%
ROE5.0%
Analysis

Pharming Group N.V. holds $170.2M in cash against $116.2M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $59.0M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 5.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $205.6M (2022) to $376.1M (2025), reflecting a 83% increase over the period.

The relatively low beta of 0.12 suggests PHAR is a less volatile holding compared to the broader index. At over 50x earnings, PHAR carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Pharming Group N.V.'s trajectory.

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