Heron Therapeutics (HRTX) Gross Margin (2017 - 2026)

Heron Therapeutics (HRTX) reported Gross Margin of 69.35% for Q1 2026, down 891.0% on a YoY basis from 8.77% in Q1 2025, and down 4.48% quarter-over-quarter from 72.61% in Q4 2025.

Heron Therapeutics (HRTX) Gross Margin (2017 - 2026) Analysis & Trends

Heron Therapeutics has reported Gross Margin for 10 years, with the latest figure at 69.35% in Q1 2026.

  • For the quarter ending Q1 2026, Gross Margin fell 891.0% year-over-year to 69.35%; the trailing twelve-month figure through Mar 2026 stood at 71.12% (down 285.0% YoY), and the FY2025 full-year result was 73.31%, up 9.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 69.35%, down from 72.61% in the prior quarter.
  • The five-year high for Gross Margin was 78.26% in Q1 2025, with the low at 36.53% in Q2 2023.
  • Historically, Gross Margin has averaged 61.38% across 5 years, with a median of 69.35% in 2026.
  • Annual changes were most pronounced in 2022 — Gross Margin soared 21018 bps — and 2026, when it slumped 891 bps.
  • Heron Therapeutics' Gross Margin stood at 57.95% in 2022, then rose by 23 bps to 71.12% in 2023, then gained by 5 bps to 74.92% in 2024, then dropped by 3 bps to 72.61% in 2025, then fell by 4 bps to 69.35% in 2026.
  • The last three Gross Margin figures came in at 69.35% (Q1 2026), 72.61% (Q4 2025), and 68.82% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Alterity Therapeutics 719,706.53 Bn 719,706.50 Bn - -
2 Belite Bio 55,800.00 Bn 55,800.00 Bn - -
3 Quantum Biopharma 18,182.30 Bn 18,182.29 Bn - -
4 Legend Biotech 3,154.00 Bn 3,153.71 Bn 242.10 Mn 79.04%
5 Akari Therapeutics 1,844.30 Bn 1,844.29 Bn - -
6 Evaxion A 1,567.96 Bn 1,567.94 Bn - -
7 Psyence Biomedical 251.43 Bn 251.42 Bn - -
8 Vertex Pharmaceuticals 112.56 Bn 105.31 Bn 2.59 Bn 86.85%
9 Abivax 94.37 Bn 94.37 Bn - -
10 Heron Therapeutics 85.57 Mn 55.60 Mn 24.07 Mn 69.35%

Historic Data

Download Data
DateValue
Mar 31, 2026 69.35%
Dec 31, 2025 72.61%
Sep 30, 2025 68.82%
Jun 30, 2025 73.50%
Mar 31, 2025 78.26%
Dec 31, 2024 74.92%
Sep 30, 2024 71.17%
Jun 30, 2024 70.80%
Mar 31, 2024 75.64%
Dec 31, 2023 71.12%
Sep 30, 2023 42.08%
Jun 30, 2023 36.53%
Mar 31, 2023 43.09%
Dec 31, 2022 57.95%
Sep 30, 2022 44.58%
Jun 30, 2022 41.46%
Mar 31, 2022 51.59%
Dec 31, 2021 -152.23%
Sep 30, 2021 51.14%
Jun 30, 2021 35.29%