Arrowhead Pharmaceuticals (ARWR) Research & Development (2010 - 2026)

Arrowhead Pharmaceuticals (ARWR) posted Research & Development of $173.3 million for Q1 2026, down 2.23% on a QoQ basis from $177.2 million in Q4 2025, and up 30.17% year-over-year from $133.1 million in Q1 2025.

Arrowhead Pharmaceuticals (ARWR) Research & Development (2010 - 2026) Analysis & Trends

Arrowhead Pharmaceuticals' Research & Development history runs 17 years deep, the most recent figure standing at $173.3 million for Q1 2026.

  • Quarterly Research & Development rose 30.17% year-over-year to $173.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $687.5 million (up 23.13% YoY) and the FY2025 annual result came in at $607.2 million, up 20.02% from the prior year.
  • Research & Development was $173.3 million for Q1 2026 at Arrowhead Pharmaceuticals, down from $177.2 million in the prior quarter.
  • Across five years, Research & Development topped out at $177.2 million in Q4 2025 and bottomed at $72.2 million in Q2 2022.
  • A 5-year average of $120.5 million and a median of $116.5 million in 2023 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development soared 70.0% — and 2023, when it dropped 1.45%.
  • Arrowhead Pharmaceuticals' Research & Development stood at $83.7 million in 2022, then soared by 39.19% to $116.5 million in 2023, then gained by 17.61% to $137.0 million in 2024, then rose by 29.34% to $177.2 million in 2025, then decreased by 2.23% to $173.3 million in 2026.
  • Business Quant data shows ARWR's Research & Development at $173.3 million in Q1 2026, $177.2 million in Q4 2025, and $174.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -17.94 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 541.22 Mn
4 NuCana 279.75 Bn 279.75 Bn - -2.31 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - 15.66 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 1.37 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - 343.97 Mn
10 Arrowhead Pharmaceuticals 11.98 Bn 10.18 Bn - 173.25 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 173.25 Mn
Dec 31, 2025 177.20 Mn
Sep 30, 2025 174.69 Mn
Jun 30, 2025 162.37 Mn
Mar 31, 2025 133.10 Mn
Dec 31, 2024 137.00 Mn
Sep 30, 2024 135.83 Mn
Jun 30, 2024 152.43 Mn
Mar 31, 2024 101.12 Mn
Dec 31, 2023 116.49 Mn
Sep 30, 2023 99.86 Mn
Jun 30, 2023 94.76 Mn
Mar 31, 2023 74.88 Mn
Dec 31, 2022 83.70 Mn
Sep 30, 2022 83.38 Mn
Jun 30, 2022 72.18 Mn
Mar 31, 2022 75.99 Mn
Dec 31, 2021 65.77 Mn
Sep 30, 2021 65.77 Mn
Jun 30, 2021 59.33 Mn