Heron Therapeutics (HRTX) Invested Capital (2010 - 2026)
Heron Therapeutics (HRTX) reported Invested Capital of $9.1 million for Q1 2026, up 132.11% on a YoY basis from $3.9 million in Q1 2025, and down 36.25% quarter-over-quarter from $14.3 million in Q4 2025.
Heron Therapeutics (HRTX) Invested Capital (2010 - 2026) Analysis & Trends
Heron Therapeutics has reported Invested Capital for 17 years, with the latest figure at $9.1 million in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 132.11% year-over-year to $9.1 million; the trailing twelve-month figure through Mar 2026 stood at $9.1 million (up 132.11% YoY), and the FY2025 full-year result was $14.3 million, up 142.59% from the prior year.
- Invested Capital for Q1 2026 stood at $9.1 million, down from $14.3 million in the prior quarter.
- The five-year high for Invested Capital was $24.0 million in Q1 2022, with the low at -$40.0 million in Q3 2024.
- Historically, Invested Capital has averaged -$13.9 million across 5 years, with a median of -$27.3 million in 2025.
- Annual changes were most pronounced in 2023 — Invested Capital tumbled 350.32% — and 2025, when it jumped 142.59%.
- Heron Therapeutics' Invested Capital stood at $13.6 million in 2022, then sank by 350.32% to -$34.0 million in 2023, then increased by 0.95% to -$33.7 million in 2024, then soared by 142.59% to $14.3 million in 2025, then tumbled by 36.25% to $9.1 million in 2026.
- The last three Invested Capital figures came in at $9.1 million (Q1 2026), $14.3 million (Q4 2025), and $14.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 719,706.53 Bn | 719,706.50 Bn | - | 7.14 Bn |
| 2 | Belite Bio | 55,800.00 Bn | 55,800.00 Bn | - | 795.79 Mn |
| 3 | Quantum Biopharma | 18,182.30 Bn | 18,182.29 Bn | - | 595,226.00 |
| 4 | Legend Biotech | 3,154.00 Bn | 3,153.71 Bn | 242.10 Mn | 1.00 Bn |
| 5 | Akari Therapeutics | 1,844.30 Bn | 1,844.29 Bn | - | 14.38 Mn |
| 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 | 19.36 Bn |
| 9 | Abivax | 94.37 Bn | 94.37 Bn | - | 502.95 Mn |
| 10 | Heron Therapeutics | 85.57 Mn | 55.60 Mn | 24.07 Mn | 9.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.14 Mn |
| Dec 31, 2025 | 14.33 Mn |
| Sep 30, 2025 | 14.89 Mn |
| Jun 30, 2025 | -27.26 Mn |
| Mar 31, 2025 | -28.45 Mn |
| Dec 31, 2024 | -33.65 Mn |
| Sep 30, 2024 | -40.01 Mn |
| Jun 30, 2024 | -37.94 Mn |
| Mar 31, 2024 | -33.77 Mn |
| Dec 31, 2023 | -33.97 Mn |
| Sep 30, 2023 | -27.79 Mn |
| Jun 30, 2023 | -39.28 Mn |
| Mar 31, 2023 | -11.43 Mn |
| Dec 31, 2022 | 13.57 Mn |
| Sep 30, 2022 | 22.45 Mn |
| Jun 30, 2022 | -21.74 Mn |
| Mar 31, 2022 | 23.96 Mn |
| Dec 31, 2021 | 77.57 Mn |
| Sep 30, 2021 | 118.84 Mn |
| Jun 30, 2021 | 160.11 Mn |