Heron Therapeutics (HRTX) Work In Process (2016 - 2026)
Heron Therapeutics (HRTX) reported Work In Process of $21.6 million for Q1 2026, down 25.32% on a YoY basis from $29.0 million in Q1 2025, and down 18.75% quarter-over-quarter from $26.6 million in Q4 2025.
Heron Therapeutics (HRTX) Work In Process (2016 - 2026) Analysis & Trends
Heron Therapeutics has reported Work In Process for 11 years, with the latest figure at $21.6 million in Q1 2026.
- For the quarter ending Q1 2026, Work In Process fell 25.32% year-over-year to $21.6 million; the trailing twelve-month figure through Mar 2026 stood at $21.6 million (down 25.32% YoY), and the FY2025 full-year result was $26.6 million, down 2.12% from the prior year.
- Work In Process for Q1 2026 stood at $21.6 million, down from $26.6 million in the prior quarter.
- The five-year high for Work In Process was $29.0 million in Q1 2025, with the low at $9.0 million in Q2 2023.
- Historically, Work In Process has averaged $19.5 million across 5 years, with a median of $18.4 million in 2024.
- Annual changes were most pronounced in 2023 — Work In Process tumbled 55.18% — and 2024, when it soared 86.87%.
- Heron Therapeutics' Work In Process stood at $20.7 million in 2022, then decreased by 29.79% to $14.6 million in 2023, then soared by 86.87% to $27.2 million in 2024, then slipped by 2.12% to $26.6 million in 2025, then decreased by 18.75% to $21.6 million in 2026.
- The last three Work In Process figures came in at $21.6 million (Q1 2026), $26.6 million (Q4 2025), and $26.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alterity Therapeutics | 719,706.53 Bn | 719,706.50 Bn | - |
| 2 | Belite Bio | 55,800.00 Bn | 55,800.00 Bn | - |
| 3 | Quantum Biopharma | 18,182.30 Bn | 18,182.29 Bn | - |
| 4 | Legend Biotech | 3,154.00 Bn | 3,153.71 Bn | 242.10 Mn |
| 5 | Akari Therapeutics | 1,844.30 Bn | 1,844.29 Bn | - |
| 6 | Evaxion A | 1,567.96 Bn | 1,567.94 Bn | - |
| 7 | Psyence Biomedical | 251.43 Bn | 251.42 Bn | - |
| 8 | Vertex Pharmaceuticals | 112.56 Bn | 105.31 Bn | 2.59 Bn |
| 9 | Abivax | 94.37 Bn | 94.37 Bn | - |
| 10 | Heron Therapeutics | 85.57 Mn | 55.60 Mn | 24.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 21.62 Mn |
| Dec 31, 2025 | 26.61 Mn |
| Sep 30, 2025 | 26.34 Mn |
| Jun 30, 2025 | 26.15 Mn |
| Mar 31, 2025 | 28.95 Mn |
| Dec 31, 2024 | 27.19 Mn |
| Sep 30, 2024 | 18.35 Mn |
| Jun 30, 2024 | 16.05 Mn |
| Mar 31, 2024 | 16.29 Mn |
| Dec 31, 2023 | 14.55 Mn |
| Sep 30, 2023 | 16.42 Mn |
| Jun 30, 2023 | 9.02 Mn |
| Mar 31, 2023 | 17.91 Mn |
| Dec 31, 2022 | 20.72 Mn |
| Sep 30, 2022 | 11.63 Mn |
| Jun 30, 2022 | 20.12 Mn |
| Mar 31, 2022 | 13.30 Mn |
| Dec 31, 2021 | 20.94 Mn |
| Sep 30, 2021 | 11.55 Mn |
| Jun 30, 2021 | 14.73 Mn |