Arrowhead Pharmaceuticals ARWR
NASDAQ ARWR
$86.36 -0.13 (-0.15%)
As of: Sep 4, 2026 · 3:59 PM EDT

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

Arrowhead Pharmaceuticals' (ARWR) quarterly Research & Development came in at $173.3 million in Q1 2026, up 30.17% YoY from $133.1 million in Q1 2025, and down 2.23% on a QoQ basis from $177.2 million in Q4 2025.

Analysis

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

Arrowhead Pharmaceuticals (ARWR) has 17 years of Research & Development data on file, last reported at $173.3 million in 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 retreated to $173.3 million in Q1 2026, from $177.2 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $177.2 million in Q4 2025 to a low of $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 retreated 1.45%.
  • Tracing ARWR's Research & Development over 5 years: stood at $83.7 million in 2022, then jumped by 39.19% to $116.5 million in 2023, then increased by 17.61% to $137.0 million in 2024, then grew by 29.34% to $177.2 million in 2025, then fell by 2.23% to $173.3 million in 2026.
  • The last three Research & Development figures came in at $173.3 million (Q1 2026), $177.2 million (Q4 2025), and $174.7 million (Q3 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Vertex Pharmaceuticals 138.47 Bn 130.62 Bn 2.84 Bn 993.80 Mn
2 Regeneron Pharmaceuticals 85.18 Bn 77.19 Bn 3.93 Bn 1.63 Bn
3 Argenx Se 63.38 Bn 58.19 Bn 1.37 Bn -486.00 Mn
4 Moderna 58.09 Bn 52.95 Bn 52.00 Mn 651.00 Mn
5 Revolution Medicines 44.33 Bn 44.33 Bn - 394.92 Mn
6 BeOne Medicines 40.02 Bn 34.92 Bn 1.53 Bn 612.28 Mn
7 Alnylam Pharmaceuticals 35.57 Bn 32.27 Bn 992.69 Mn 413.13 Mn
8 Royalty Pharma 28.45 Bn 27.61 Bn - 97.90 Mn
9 Insmed 27.48 Bn 26.32 Bn 358.27 Mn 210.03 Mn
10 Arrowhead Pharmaceuticals 12.40 Bn 10.80 Bn - 198.22 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 198.22 Mn
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