Heron Therapeutics (HRTX) Research & Development (2010 - 2026)
Heron Therapeutics' (HRTX) quarterly Research & Development came in at $14.2 million in Q2 2026, up 22.33% on a YoY basis from $11.6 million in Q2 2025, and down 1.03% quarter-over-quarter from $14.3 million in Q1 2026.
Analysis
Heron Therapeutics (HRTX) Research & Development (2010 - 2026) Analysis & Trends
Heron Therapeutics (HRTX) has reported Research & Development for 17 consecutive years, with $14.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 22.33% year-over-year to $14.2 million; the trailing twelve-month figure through Jun 2026 stood at $53.6 million (up 16.83% YoY), and the FY2025 full-year result was $49.1 million, up 4.2% from the prior year.
- Research & Development fell to $14.2 million in Q2 2026 per HRTX's latest filing, from $14.3 million in the prior quarter.
- Across five years, Research & Development topped out at $42.1 million in Q1 2022 and bottomed at -$13.7 million in Q4 2022.
- Historically, Research & Development has averaged $15.3 million across 5 years, with a median of $12.9 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Research & Development plunged 147.6% in 2022, then soared 189.69% in 2023.
- Over 5 years, Research & Development stood at -$13.7 million in 2022, then jumped by 189.69% to $12.3 million in 2023, then slipped by 10.31% to $11.1 million in 2024, then climbed by 10.64% to $12.2 million in 2025, then rose by 15.75% to $14.2 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $14.2 million, $14.3 million, and $12.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Amgen | 206.86 Bn | 192.87 Bn | 7.24 Bn | 1.87 Bn |
| 2 | Gilead Sciences | 179.52 Bn | 176.34 Bn | 6.22 Bn | 1.76 Bn |
| 3 | Vertex Pharmaceuticals | 131.47 Bn | 123.62 Bn | 2.84 Bn | 993.80 Mn |
| 4 | Regeneron Pharmaceuticals | 81.63 Bn | 73.63 Bn | 3.93 Bn | 1.63 Bn |
| 5 | Argenx Se | 61.16 Bn | 55.98 Bn | 1.37 Bn | -486.00 Mn |
| 6 | Moderna | 53.15 Bn | 48.02 Bn | 52.00 Mn | 651.00 Mn |
| 7 | Alnylam Pharmaceuticals | 33.20 Bn | 29.89 Bn | 992.69 Mn | 413.13 Mn |
| 8 | Biogen | 31.65 Bn | 30.37 Bn | 1.96 Bn | 529.60 Mn |
| 9 | Roivant Sciences | 29.30 Bn | 29.30 Bn | 1.16 Mn | 202.02 Mn |
| 10 | Heron Therapeutics | 61.71 Mn | 19.04 Mn | 26.09 Mn | 14.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 14.16 Mn |
| Mar 31, 2026 | 14.31 Mn |
| Dec 31, 2025 | 12.23 Mn |
| Sep 30, 2025 | 12.94 Mn |
| Jun 30, 2025 | 11.58 Mn |
| Mar 31, 2025 | 12.31 Mn |
| Dec 31, 2024 | 11.06 Mn |
| Sep 30, 2024 | 10.97 Mn |
| Jun 30, 2024 | 13.61 Mn |
| Mar 31, 2024 | 11.44 Mn |
| Dec 31, 2023 | 12.33 Mn |
| Sep 30, 2023 | 12.96 Mn |
| Jun 30, 2023 | 21.21 Mn |
| Mar 31, 2023 | 21.15 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 |