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
DateValue
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