We study the higher-order Schrödinger equation with critical Sobolev exponent on the hyperbolic space : where is the GJMS operator of order , is the critical exponent, and is a potential in . This problem simultaneously generalizes the classical work of Benci–Cerami from second-order to arbitrary order and from Euclidean space to hyperbolic space. We establish a global compactness theorem (profile decomposition) for Palais–Smale sequences associated to this equation. The decomposition features two types of bubbles: concentrating bubbles arising from the conformal equivalence , and isometry bubbles escaping to infinity. A key difficulty in the higher-order setting is that the classical positive/negative decomposition fails in for . To overcome this, we employ the Moreau dual cone decomposition together with the positivity of the Green function of on , establishing an energy doubling inequality for sign-changing solutions: . As an application, under a concentration condition on the potential of Passaseo type, we prove that the equation admits at least one positive solution, and a second positive solution under a smallness condition on .

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