Heron Therapeutics (HRTX) Invested Capital (2011 - 2026)
Heron Therapeutics' (HRTX) quarterly Invested Capital came in at $115.6 million in Q2 2026, down 5.64% on a YoY basis from $122.5 million in Q2 2025, and down 1.54% quarter-over-quarter from $117.4 million in Q1 2026.
Analysis
Heron Therapeutics (HRTX) Invested Capital (2011 - 2026) Analysis & Trends
Heron Therapeutics (HRTX) has reported Invested Capital for 15 consecutive years, with $115.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital fell 5.64% year-over-year to $115.6 million; the trailing twelve-month figure through Jun 2026 stood at $115.6 million (down 5.64% YoY), and the FY2025 full-year result was $122.2 million, up 1517.18% from the prior year.
- Invested Capital eased to $115.6 million in Q2 2026 per HRTX's latest filing, from $117.4 million in the prior quarter.
- Across five years, Invested Capital topped out at $122.5 million in Q2 2025 and bottomed at -$15.2 million in Q3 2024.
- Historically, Invested Capital has averaged $44.8 million across 4 years, with a median of -$3.5 million in 2023.
- The sharpest annual moves came in 2024 and 2026: Invested Capital sank 303.32% in 2024, then soared 3724.81% in 2026.
- Over 4 years, Invested Capital stood at -$9.7 million in 2023, then gained by 11.17% to -$8.6 million in 2024, then surged by 1517.18% to $122.2 million in 2025, then fell by 5.4% to $115.6 million in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $115.6 million, $117.4 million, and $122.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 236.37 Bn | 222.38 Bn | 7.24 Bn | 74.44 Bn |
| 2 | Gilead Sciences | 187.38 Bn | 184.12 Bn | 6.22 Bn | 40.49 Bn |
| 3 | Vertex Pharmaceuticals | 138.36 Bn | 130.51 Bn | 2.84 Bn | - |
| 4 | Regeneron Pharmaceuticals | 85.09 Bn | 77.10 Bn | 3.93 Bn | 33.70 Bn |
| 5 | Argenx Se | 63.93 Bn | 58.75 Bn | 1.37 Bn | - |
| 6 | Moderna | 58.07 Bn | 52.94 Bn | 52.00 Mn | 7.35 Bn |
| 7 | Alnylam Pharmaceuticals | 35.59 Bn | 32.28 Bn | 992.69 Mn | - |
| 8 | Biogen | 32.63 Bn | 31.34 Bn | 1.96 Bn | 26.94 Bn |
| 9 | Insmed | 27.57 Bn | 26.41 Bn | 358.27 Mn | 1.30 Bn |
| 10 | Heron Therapeutics | 64.55 Mn | 21.89 Mn | 26.09 Mn | 115.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 115.63 Mn |
| Mar 31, 2026 | 117.44 Mn |
| Dec 31, 2025 | 122.23 Mn |
| Sep 30, 2025 | 122.37 Mn |
| Jun 30, 2025 | 122.55 Mn |
| Mar 31, 2025 | -3.24 Mn |
| Dec 31, 2024 | -8.63 Mn |
| Sep 30, 2024 | -15.18 Mn |
| Jun 30, 2024 | -13.31 Mn |
| Mar 31, 2024 | -9.32 Mn |
| Dec 31, 2023 | -9.71 Mn |
| Sep 30, 2023 | -3.76 Mn |
| Mar 31, 2021 | 203.78 Mn |
| Dec 31, 2020 | 243.55 Mn |
| Sep 30, 2020 | 283.78 Mn |
| Jun 30, 2020 | 330.33 Mn |
| Mar 31, 2020 | 371.40 Mn |
| Dec 31, 2019 | 409.46 Mn |
| Sep 30, 2019 | 290.80 Mn |
| Jun 30, 2019 | 310.44 Mn |