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
DateValue
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