Heron Therapeutics HRTX
NASDAQ HRTX
$0.34 -0.01 (-3.54%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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