Heron Therapeutics (HRTX) Operating Expenses (2010 - 2026)
Heron Therapeutics (HRTX) reported Operating Expenses of $28.8 million for Q1 2026, up 5.66% on a YoY basis from $27.3 million in Q1 2025, and down 2.01% quarter-over-quarter from $29.4 million in Q4 2025.
Heron Therapeutics (HRTX) Operating Expenses (2010 - 2026) Analysis & Trends
Heron Therapeutics has reported Operating Expenses for 17 years, with the latest figure at $28.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.66% year-over-year to $28.8 million; the trailing twelve-month figure through Mar 2026 stood at $117.6 million (up 3.71% YoY), and the FY2025 full-year result was $116.1 million, down 0.91% from the prior year.
- Operating Expenses for Q1 2026 stood at $28.8 million, down from $29.4 million in the prior quarter.
- The five-year high for Operating Expenses was $86.4 million in Q1 2022, with the low at $26.4 million in Q4 2024.
- Historically, Operating Expenses has averaged $40.6 million across 5 years, with a median of $32.0 million in 2024.
- The largest YoY upside for Operating Expenses was 19.75% in 2022 against a maximum downside of 49.11% in 2022.
- Heron Therapeutics' Operating Expenses stood at $37.8 million in 2022, then retreated by 8.44% to $34.6 million in 2023, then dropped by 23.69% to $26.4 million in 2024, then advanced by 11.57% to $29.4 million in 2025, then slipped by 2.01% to $28.8 million in 2026.
- The last three Operating Expenses figures came in at $28.8 million (Q1 2026), $29.4 million (Q4 2025), and $30.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 719,706.53 Bn | 719,706.50 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 55,800.00 Bn | 55,800.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 18,182.30 Bn | 18,182.29 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 3,154.00 Bn | 3,153.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Akari Therapeutics | 1,844.30 Bn | 1,844.29 Bn | - | 15.76 Mn |
| 6 | Evaxion A | 1,567.96 Bn | 1,567.94 Bn | - | -3.82 Mn |
| 7 | Psyence Biomedical | 251.43 Bn | 251.42 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 112.56 Bn | 105.31 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 94.37 Bn | 94.37 Bn | - | -67.40 Mn |
| 10 | Heron Therapeutics | 85.57 Mn | 55.60 Mn | 24.07 Mn | 28.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.84 Mn |
| Dec 31, 2025 | 29.43 Mn |
| Sep 30, 2025 | 30.39 Mn |
| Jun 30, 2025 | 28.98 Mn |
| Mar 31, 2025 | 27.29 Mn |
| Dec 31, 2024 | 26.38 Mn |
| Sep 30, 2024 | 27.81 Mn |
| Jun 30, 2024 | 31.95 Mn |
| Mar 31, 2024 | 31.02 Mn |
| Dec 31, 2023 | 34.57 Mn |
| Sep 30, 2023 | 38.16 Mn |
| Jun 30, 2023 | 54.01 Mn |
| Mar 31, 2023 | 45.82 Mn |
| Dec 31, 2022 | 37.76 Mn |
| Sep 30, 2022 | 53.72 Mn |
| Jun 30, 2022 | 77.13 Mn |
| Mar 31, 2022 | 86.38 Mn |
| Dec 31, 2021 | 74.19 Mn |
| Sep 30, 2021 | 74.94 Mn |
| Jun 30, 2021 | 82.91 Mn |