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

GH Research's (GHRS) quarterly Change in Working Capital came in at -$1.6 million in Q4 2025, down 150.16% year-on-year from $3.1 million in Q4 2024, and up 46.21% quarter-over-quarter from -$2.9 million in Q3 2025.

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.

  • On a quarterly basis, Change in Working Capital fell 150.16% year-over-year to -$1.6 million in Q4 2025; TTM through Dec 2025 was -$3.1 million, a 1745.74% decrease from a year earlier, with the FY2025 full-year figure at -$3.1 million, down 1745.74% from the prior year.
  • Change in Working Capital rose to -$1.6 million in Q4 2025 per GHRS's latest filing, from -$2.9 million in the prior quarter.
  • Across five years, Change in Working Capital topped out at $3.7 million in Q4 2021 and bottomed at -$4.7 million in Q3 2021.
  • The 5-year median for Change in Working Capital is $137000.0 (2021), against an average of -$307550.0.
  • Biggest YoY gain for Change in Working Capital was 6773.21% in 2021; the steepest drop was 27364.71% in 2021.
  • Year by year, Change in Working Capital stood at $3.7 million in 2021, then tumbled 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 plunged by 150.16% to -$1.6 million in 2025.
  • Per Business Quant, the three latest GHRS Change in Working Capital figures stand at -$1.6 million (Q4 2025), -$2.9 million (Q3 2025), and $1.2 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Working Capital (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn -
4 NuCana 279.75 Bn 279.75 Bn - -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn -
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn -
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -
10 GH Research 1.69 Bn 1.69 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