NASDAQ · Financial Statements

GH Research PLC (GHRS) Financial Statements

$18.07 NASDAQ: GHRS Market Cap $1.24B

GH Research PLC most recently reported annual revenue of $0, a net loss of $48.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

GH Research PLC: net profit was positive in 0 of 7 reported years; the most recent year shows a net loss of $48.0M.

Income Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Revenue$0$0$0$0$0$0$0
Operating Expenses$0$0$15.0M$31.0M$41.0M$50.0M$61.0M
Operating Profit$0$0$-15.0M$-31.0M$-41.0M$-50.0M$-61.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Other Income$0$0$6.0M$8.0M$6.0M$11.0M$12.0M
Interest$0$0$0$0$1.0M$1.0M$0
Depreciation$0$0$0$0$0$0$0
Profit Before Tax$0$0$-9.0M$-22.0M$-36.0M$-39.0M$-48.0M
Tax$0$0$0$0$0$0$0
Net Profit$0$0$-9.0M$-22.0M$-36.0M$-39.0M$-48.0M
EPS$-0.01$-0.01$-0.18$-0.14$-0.68$-0.75$-0.79
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$0$0$0$0
Operating Expenses$10.0M$11.0M$12.0M$13.0M$13.0M$13.0M$13.0M$15.0M$17.0M$17.0M$19.0M$19.0M
Operating Profit$-10.0M$-11.0M$-12.0M$-13.0M$-13.0M$-13.0M$-13.0M$-15.0M$-17.0M$-17.0M$-19.0M$-19.0M
Operating Margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-6.0M$-11.0M$-8.0M$-10.0M$-12.0M$-9.0M$-11.0M$-9.0M$-14.0M$-14.0M$-19.0M$-15.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-6.0M$-11.0M$-8.0M$-10.0M$-12.0M$-9.0M$-11.0M$-9.0M$-14.0M$-14.0M$-19.0M$-15.0M
EPS$-0.11$-0.22$-0.15$-0.20$-0.23$-0.17$-0.19$-0.15$-0.23$-0.23$-0.31$-0.23

Over the 7 years reported for GH Research PLC, cash stood at $246.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 35.75 times.

Balance Sheet — 7 Years (USD millions)

Metric2019202020212022202320242025
Total Assets$1.0M$6.0M$280.0M$254.0M$226.0M$188.0M$288.0M
Current Assets$1.0M$6.0M$280.0M$169.0M$164.0M$154.0M$286.0M
Cash$0$6.0M$277.0M$166.0M$78.0M$101.0M$246.0M
Inventory$0$0$3.0M$0$0$0$0
Receivables$0$0$0$0$0$2.0M$1.0M
Fixed Assets$0$0$0$0$1.0M$1.0M$1.0M
Capital Work in Progress$0$0$0$0$0$0$0
Investments$0$0$0$86.0M$144.0M$82.0M$34.0M
Other Assets$0$0$0$0$0$0$0
Total Liabilities$0$0$3.0M$5.0M$7.0M$9.0M$9.0M
Current Liabilities$0$0$3.0M$5.0M$7.0M$9.0M$8.0M
Borrowings$0$0$0$0$1.0M$1.0M$1.0M
Other Liabilities$0$0$3.0M$5.0M$6.0M$9.0M$8.0M
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M
Reserves$0$6.0M$277.0M$250.0M$219.0M$179.0M$280.0M

For GH Research PLC, operating cash flow was positive in 0 of 7 reported years; free cash flow in the latest year was negative at $44.0M; free cash flow was positive in 0 of 7 years.

Cash Flow Statement — 7 Years (USD millions)

Metric2019202020212022202320242025
Operating Cash Flow$0$0$-15.0M$-26.0M$-33.0M$-42.0M$-44.0M
Investing Cash Flow$0$0$0$-85.0M$-54.0M$65.0M$46.0M
Financing Cash Flow$0$0$-23.0M$0$0$0$0
Net Cash Flow$0$5.0M$271.0M$-111.0M$-88.0M$22.0M$145.0M
Free Cash Flow$0$0$-15.0M$-26.0M$-33.0M$-42.0M$-44.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.79
EV / EBITDA-19.64
FCF Yield-3.37%
Quick Ratio28.70
Interest Coverage-355.41
Return 1Y71.24%
Return 3Y118.17%
Return 5Y65.11%

GH Research PLC (GHRS) financials — frequently asked questions

What is GH Research PLC's annual revenue?

GH Research PLC (GHRS) reported annual revenue of $0 in its most recent fiscal year.

What is GH Research PLC's net profit?

GH Research PLC (GHRS) reported a net loss of $48.0M in its most recent fiscal year.

What is GHRS EV/EBITDA?

GH Research PLC's enterprise value to EBITDA (EV/EBITDA) ratio is -19.64. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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