GH Research (GHRS) Invested Capital (2021 - 2025)

GH Research (GHRS) recorded quarterly Invested Capital of $279.7 million in Q4 2025, down 4.01% quarter-over-quarter from $291.4 million in Q3 2025, and up 56.3% on a YoY basis from $179.0 million in Q4 2024.

GH Research (GHRS) Invested Capital (2021 - 2025) Analysis & Trends

GH Research's Invested Capital history runs 5 years deep, the most recent figure standing at $279.7 million for Q4 2025.

  • In Q4 2025, Invested Capital rose 56.3% year-over-year to $279.7 million; the TTM figure through Dec 2025 stood at $279.7 million (up 56.3% YoY), while the FY2025 annual figure was $279.7 million, up 56.3% from the prior year.
  • Invested Capital was $279.7 million for Q4 2025 at GH Research, down from $291.4 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $310.2 million in Q1 2025 to a low of $179.0 million in Q4 2024.
  • Historically, Invested Capital has averaged $248.9 million across 5 years, with a median of $253.3 million in 2022.
  • The sharpest annual moves came in 2024 and 2025: Invested Capital decreased 18.28% in 2024, then jumped 56.3% in 2025.
  • A 5-year view of Invested Capital shows it stood at $277.2 million in 2021, then dropped by 9.87% to $249.8 million in 2022, then declined by 12.35% to $219.0 million in 2023, then dropped by 18.28% to $179.0 million in 2024, then surged by 56.3% to $279.7 million in 2025.
  • The last three Invested Capital figures came in at $279.7 million (Q4 2025), $291.4 million (Q3 2025), and $303.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Alterity Therapeutics 723,416.35 Bn 723,416.32 Bn - 7.14 Bn
2 Belite Bio 57,340.00 Bn 57,340.00 Bn - 795.79 Mn
3 Quantum Biopharma 19,125.08 Bn 19,125.08 Bn - 595,226.00
4 Legend Biotech 3,262.00 Bn 3,261.71 Bn 242.10 Mn 1.00 Bn
5 Akari Therapeutics 1,789.67 Bn 1,789.67 Bn - 14.38 Mn
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 19.36 Bn
9 Abivax 94.26 Bn 94.26 Bn - 502.95 Mn
10 GH Research 9.73 Bn 9.63 Bn - 279.70 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 279.70 Mn
Sep 30, 2025 291.40 Mn
Jun 30, 2025 303.18 Mn
Mar 31, 2025 310.21 Mn
Dec 31, 2024 178.95 Mn
Sep 30, 2024 189.37 Mn
Jun 30, 2024 198.68 Mn
Mar 31, 2024 209.75 Mn
Dec 31, 2023 218.97 Mn
Sep 30, 2023 225.77 Mn
Jun 30, 2023 232.98 Mn
Mar 31, 2023 241.83 Mn
Dec 31, 2022 249.82 Mn
Sep 30, 2022 256.74 Mn
Jun 30, 2022 263.22 Mn
Mar 31, 2022 269.48 Mn
Dec 31, 2021 277.18 Mn
Sep 30, 2021 283.60 Mn