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| Date | Value |
|---|---|
| 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% |