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| Date | Value |
|---|---|
| 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 |