Heron Therapeutics HRTX
NASDAQ HRTX
$0.32 -0.01 (-2.46%)
As of: Sep 10, 2026 · 11:42 AM EDT

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

Historic Data

Download Data
DateValue
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