Heron Therapeutics (HRTX) Research & Development (2010 - 2026)
Heron Therapeutics (HRTX) reported Research & Development of $2.4 million for Q1 2026, up 4.65% on a YoY basis from $2.3 million in Q1 2025, and down 36.33% quarter-over-quarter from $3.7 million in Q4 2025.
Heron Therapeutics (HRTX) Research & Development (2010 - 2026) Analysis & Trends
Heron Therapeutics has reported Research & Development for 17 years, with the latest figure at $2.4 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 4.65% year-over-year to $2.4 million; the trailing twelve-month figure through Mar 2026 stood at $12.5 million (down 12.67% YoY), and the FY2025 full-year result was $12.4 million, down 25.5% from the prior year.
- Research & Development for Q1 2026 stood at $2.4 million, down from $3.7 million in the prior quarter.
- The five-year high for Research & Development was $42.1 million in Q1 2022, with the low at -$13.7 million in Q4 2022.
- Historically, Research & Development has averaged $9.0 million across 5 years, with a median of $4.5 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development tumbled 147.6% — and 2023, when it soared 156.76%.
- Heron Therapeutics' Research & Development stood at -$13.7 million in 2022, then surged by 156.76% to $7.8 million in 2023, then plunged by 59.27% to $3.2 million in 2024, then grew by 17.87% to $3.7 million in 2025, then slumped by 36.33% to $2.4 million in 2026.
- The last three Research & Development figures came in at $2.4 million (Q1 2026), $3.7 million (Q4 2025), and $3.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 719,706.53 Bn | 719,706.50 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 55,800.00 Bn | 55,800.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 18,182.30 Bn | 18,182.29 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,154.00 Bn | 3,153.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,844.30 Bn | 1,844.29 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,567.96 Bn | 1,567.94 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 251.43 Bn | 251.42 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 112.56 Bn | 105.31 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 94.37 Bn | 94.37 Bn | - | -58.00 Mn |
| 10 | Heron Therapeutics | 85.57 Mn | 55.60 Mn | 24.07 Mn | 2.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 35.23 Mn |