Company Analysis

Pharming Group N.V. (PHAR)

Nasdaq: PHAR · Pharmaceutical Preparations · Leiden, NL · filing with the SEC since 2020
Grade6.9
◀ Past 7.1● Present 7.0▶ Future 6.4
1 est.

The grade of Pharming Group N.V.

Nine metrics read from its own filings, by tense
Headline grade
6.9/10
◀ Past7.130% of the headline
● Present7.040% of the headline
▶ Future6.430% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.1/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.2/10

Has it survived what it has been through?

No warning events in its filings since 2020.

weight 33% of this tense · 82nd percentile among 497 sector filers · read for itself

From the record

Pharming Group N.V.'s filings since 2020 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.3/10

What has it actually done, year after year?

+12.1% a year over 7 filed years; profitable in 5 of 7.

weight 45% of this tense · 73rd percentile among 323 sector filers · read for its customers

From the record

Pharming Group N.V.'s 7 filed years say what it did: revenue went from $189 million in fiscal 2019 to $376 million in fiscal 2025, up 12.1% a year; it rose in 5 of 6 years; the deepest fall was 6% from fiscal 2020 to fiscal 2021; net income was positive in 5 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span12.1%bottom 49% of its family
  • the share of years revenue rosetop 23% of its family
  • the share of filed years with a profittop 9% of its family
  • the deepest fall from a revenue peak6.3%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.0/10

How has it treated the people who own it?

Share count grew 1.8% a year. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 50th percentile among 80 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Pharming Group N.V.'s diluted share count grew about 1.8% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 20% of its family
  • cash returned against operating cash flowbottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
7.8/10

Is it financially healthy right now?

ROE 1%: 1¢ of profit per shareholder dollar. Leverage 45%: owes 45¢ per asset dollar.

weight 45% of this tense · 78th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Pharming Group N.V. earned about 1 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 66 cents per dollar of everything the company owns. Leverage: it owed about 45 cents per dollar of assets, and net share issuance: its share count shrank 4.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 39% of its family
  • return on equitytop 16% of its family
  • gross profit against assetstop 8% of its family
  • the share count against the year beforetop 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.3/10

How strong is its position in its industry?

top 27% of 315 in its family; net margin 0.7%.

weight 33% of this tense · 73rd percentile among 315 sector filers · read for its customers

From the record

Pharming Group N.V.'s standing among 315 graded names in its industry family: revenue of $376 million in fiscal 2025 ranks in the top 21% by size; a net margin of 0.7% ranks in the top 24%; revenue growth of 22.3% a year over the last 3 filed years ranks in the top 36% (its annual reports).

What it rests on

  • revenue against the family$376Mtop 21% of its family
  • net margin0.7%top 24% of its family
  • three-year revenue growth22.3%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 371 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 371 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
family median, 371 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Pharming Group N.V.'s leadership is put at 5.0 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 371 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.4/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.1/10

How much room does it have to grow?

top 39% of 273 in its family for room to expand.

weight 45% of this tense · 61st percentile among 273 sector filers · read for itself

From the record

Pharming Group N.V.'s room to grow, from the newest filed statements (fiscal 2025): cash of $145 million against no long-term debt tagged leaves 29.1% of its assets as net cash, top 48% of its family; cash from operations less capital spending is 14.3% of revenue (top 18%); a gross margin of 87.9% (top 21%); research spending of 26.7% of revenue (bottom 32%) (its annual report).

What it rests on

  • cash less debt against assets29.1%top 48% of its family
  • cash from operations less capital spending against revenue14.3%top 18% of its family
  • gross margin87.9%top 21% of its family
  • research spending against revenue26.7%bottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.9/10

What could actually drive growth from here?

top 31% of 306 in its family for growth drivers.

weight 33% of this tense · 69th percentile among 306 sector filers · read for its customers

From the record

Pharming Group N.V.'s growth drivers, from the filed years to fiscal 2025: revenue grew 22.3% a year over the last three filed years against 12.1% over all 7, speeding up (top 18% of its family); the newest year grew 26.6% (top 33%); research spending grew 24.1% a year (top 19%); capital spending grew -18.3% a year (bottom 46%) (its annual reports). Pharming Group N.V. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+10.2 points a yeartop 18% of its family
  • the newest year's revenue growth26.6%top 33% of its family
  • three-year growth of research spending24.1%top 19% of its family
  • three-year growth of capital spending-18.3%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 233 in its family for expectations against reality.

weight 22% of this tense · 64th percentile among 233 sector filers · read for its shareholders

From the record

Pharming Group N.V.'s newest year against its own record: revenue of $376 million in fiscal 2025 came in 5.3% above the $357 million its prior three years' pace pointed to (top 37% of its family); net income of $3 million against a prior three-year average of $3 million (top 8%); a net margin of 0.7% against -0.5% before (bottom 36%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace5.3%top 37% of its family
  • net income against the prior three years' average+187%top 8% of its family
  • net margin against its prior average+1.2 pointsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PHAR · research, not advice