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
DateValue
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