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
DateValue
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