GH Research (GHRS) Change in Working Capital (2020 - 2025)

GH Research (GHRS) recorded quarterly Change in Working Capital of -$1.6 million in Q4 2025, up 46.21% quarter-over-quarter from -$2.9 million in Q3 2025, and down 150.16% on a YoY basis from $3.1 million in Q4 2024.

GH Research (GHRS) Change in Working Capital (2020 - 2025) Analysis & Trends

GH Research's Change in Working Capital history runs 6 years deep, the most recent figure standing at -$1.6 million for Q4 2025.

  • In Q4 2025, Change in Working Capital fell 150.16% year-over-year to -$1.6 million; the TTM figure through Dec 2025 stood at -$3.1 million (down 1745.74% YoY), while the FY2025 annual figure was -$3.1 million, down 1745.74% from the prior year.
  • Change in Working Capital was -$1.6 million for Q4 2025 at GH Research, up from -$2.9 million in the prior quarter.
  • In the past five years, Change in Working Capital ranged from a high of $3.7 million in Q4 2021 to a low of -$4.7 million in Q3 2021.
  • Historically, Change in Working Capital has averaged -$307550.0 across 5 years, with a median of $137000.0 in 2021.
  • Biggest YoY gain for Change in Working Capital was 6773.21% in 2021; the steepest drop was 27364.71% in 2021.
  • A 5-year view of Change in Working Capital shows it stood at $3.7 million in 2021, then sank by 179.29% to -$3.0 million in 2022, then climbed by 6.72% to -$2.8 million in 2023, then jumped by 77.42% to -$624000.0 in 2024, then slumped by 150.16% to -$1.6 million in 2025.
  • The last three Change in Working Capital figures came in at -$1.6 million (Q4 2025), -$2.9 million (Q3 2025), and $1.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change Working Cap. (Qtr)
1 Alterity Therapeutics 723,416.35 Bn 723,416.32 Bn - -
2 Belite Bio 57,340.00 Bn 57,340.00 Bn - -
3 Quantum Biopharma 19,125.08 Bn 19,125.08 Bn - -
4 Legend Biotech 3,262.00 Bn 3,261.71 Bn 242.10 Mn -
5 Akari Therapeutics 1,789.67 Bn 1,789.67 Bn - -
6 Evaxion A 1,480.39 Bn 1,480.37 Bn - -
7 Psyence Biomedical 241.78 Bn 241.78 Bn - -
8 Vertex Pharmaceuticals 113.54 Bn 106.29 Bn 2.59 Bn -
9 Abivax 94.26 Bn 94.26 Bn - -
10 GH Research 9.73 Bn 9.63 Bn - -1.56 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -1.56 Mn
Dec 31, 2025 -1.56 Mn
Sep 30, 2025 -2.90 Mn
Sep 30, 2025 -2.90 Mn
Jun 30, 2025 1.16 Mn
Jun 30, 2025 1.16 Mn
Mar 31, 2025 213,000.00
Mar 31, 2025 213,000.00
Dec 31, 2024 -624,000.00
Dec 31, 2024 -624,000.00
Sep 30, 2024 -1.43 Mn
Sep 30, 2024 -1.43 Mn
Jun 30, 2024 1.68 Mn
Jun 30, 2024 1.68 Mn
Mar 31, 2024 557,000.00
Mar 31, 2024 557,000.00
Dec 31, 2023 -2.76 Mn
Dec 31, 2023 -2.76 Mn
Sep 30, 2023 -2.05 Mn
Sep 30, 2023 -2.05 Mn