Heron Therapeutics (HRTX) Research & Development (2010 - 2026)
Heron Therapeutics' Research & Development came in at $2.7 million for Q2 2026, down 7.9% from $2.93 million a year earlier but up 13.3% from the prior quarter.
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Analysis
Heron Therapeutics (HRTX) Research & Development (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Heron Therapeutics reported Research & Development of $12.3 million, down 4.3% year-over-year; for FY2025, it was $12.43 million, down 25.5% from FY2024.
- Research & Development has declined in each of the last five years, with a five-year compound annual growth rate of -41.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $16.68 million in FY2024 (-57.4%), $39.13 million in FY2023 (-52.7%), $82.7 million in FY2022 (-36.8%) and $130.82 million in FY2021 (-25.0%).
- The five-year range for quarterly Research & Development is -$13.75 million (Q4 2022) to $42.07 million (Q1 2022).
- Year-over-year, Research & Development increased in two of the last eight quarters, with an average decline of 25.4%.
- The fastest year-over-year change in Research & Development over five years came in Q4 2025 (growth of 17.9%), and the weakest in Q1 2023 (a decline of 79.0%).
- Business Quant data shows HRTX's Research & Development at $2.39 million (Q1 2026), $3.75 million (Q4 2025) and $3.47 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 3.65 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 2.34 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 9.74 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | -2.85 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | -4.05 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 1.87 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 1.76 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 2.81 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 993.80 Mn |
| 10 | Heron Therapeutics | 58.85 Mn | -130.71 Mn | 26.09 Mn | 2.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.70 Mn |
| Mar 31, 2026 | 2.39 Mn |
| Dec 31, 2025 | 3.75 Mn |
| Sep 30, 2025 | 3.47 Mn |
| Jun 30, 2025 | 2.93 Mn |
| Mar 31, 2025 | 2.28 Mn |
| Dec 31, 2024 | 3.18 Mn |
| Sep 30, 2024 | 4.47 Mn |
| Jun 30, 2024 | 4.43 Mn |
| Mar 31, 2024 | 4.61 Mn |
| Dec 31, 2023 | 7.80 Mn |
| Sep 30, 2023 | 9.29 Mn |
| Jun 30, 2023 | 13.21 Mn |
| Mar 31, 2023 | 8.84 Mn |
| Dec 31, 2022 | -13.75 Mn |
| Sep 30, 2022 | 25.55 Mn |
| Jun 30, 2022 | 28.83 Mn |
| Mar 31, 2022 | 42.07 Mn |
| Dec 31, 2021 | 28.88 Mn |
| Sep 30, 2021 | 28.60 Mn |
API Access
Heron Therapeutics Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HRTX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();