Skip to main content
ARWR logo

Arrowhead Pharmaceuticals, Inc. (ARWR) Stock: Price, Forecast & Analyst Target

Arrowhead Pharmaceuticals, Inc. (ARWR) — MoonshotScore 30/100 (Weak band), calculated Oct 4, 2026. Price $64.19 (-0.93%), as of the Oct 2, 2026 trading session; market cap $9.04B. Expected results Nov 24, 2026.

Educational signal · not a buy or sell recommendation · How to read this

Market value / cash and short-term investments: 5.64× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 24, 2026

$64.19 −$0.60 (-0.93%) Market Cap $9.04B

Arrowhead Pharmaceuticals, Inc. · ARWR · NASDAQ · Healthcare · Biotechnology

Research dated 2026-09-13: Arrowhead Pharmaceuticals is an RNA interference drug developer whose economics currently come from collaboration-driven receipts while it spends heavily to advance a broad clinical pipeline. Reported revenue can surge without durable profitability, so the case hinges on whether clinical progress and launch preparation can create recurring product economics before development spending erodes the liquidity cushion.

Price as of Oct 2, 2026

Key Statistics

30 of 100

MoonshotScore v2 · Arrowhead Pharmaceuticals (ARWR)

Weak
Business Quality Average (48)
Financial Safety Strained (24)
Valuation Full (44)
Growth Durability Compounding (89)
Momentum Rising (67)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

Elite growth, but a fragile balance sheet. Business Quality: Average; Financial Safety: Strained; Valuation: Full; Growth Durability: Compounding; Momentum: Rising.

  • quarterly revenue $75M (Q3 FY2026, quarter ended Jun 2026)
  • EPS beat 2 of 8
  • Altman Z 2.88 · Piotroski F 3

Holding back: balance-sheet strain

Helping: durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for ARWR (29 recorded, newest six shown)
RecordedScoreBand
30Weak
30Weak
30Weak
30Weak
30Weak
30Weak

The score was 30 in the stored Oct 3, 2026 snapshot and remains 30 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Growth Durability -1 and Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged. This current publication is not yet represented in the immutable snapshot archive.

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

As of
MeasureValue
Latest provided price$64.19
Change on the day-0.93%
52-week range$34.61–$95.49
Market capitalisation$9.04B
Price / earnings (trailing)51.18
Shares traded on the day1.49M
Beta (volatility vs the S&P 500)1.28

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $29, high $88, latest $64. 4 reported quarters marked, 1 above and 3 below the recorded estimate. 1 other dated event marked. $88 $29 high $88 Nov 25, 2025 · Earnings results · reported below the recorded estimate · close $531Feb 5, 2026 · Earnings results · reported below the recorded estimate · close $652May 7, 2026 · Earnings results · reported above the recorded estimate · close $733Aug 4, 2026 · Earnings call · management outlook · no recorded estimate to compare · close $884Aug 4, 2026 · Earnings results · reported below the recorded estimate · close $885 Sep 5, 2025 Oct 2, 2026 · $64 $29Sep 5, 2025$31Sep 19, 2025$36Oct 3, 2025$37Oct 17, 2025$42Oct 31, 2025$41Nov 14, 2025$53Nov 28, 2025$70Dec 12, 2025$70Dec 26, 2025$65Jan 9, 2026$67Jan 23, 2026$65Feb 6, 2026$64Feb 20, 2026$60Mar 6, 2026$56Mar 20, 2026$61Apr 2, 2026$70Apr 17, 2026$75May 1, 2026$77May 15, 2026$78May 29, 2026$75Jun 12, 2026$79Jun 26, 2026$76Jul 10, 2026$86Jul 24, 2026$88Aug 7, 2026$87Aug 21, 2026$86Sep 4, 2026$66Sep 18, 2026$64Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · below the recorded estimate
  • · Earnings results · below the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings call · management outlook
  • · Earnings results · below the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

Management outlook

  • Accordingly, we expect costs associated with active execution of those studies to begin to moderate down over time, beginning in fiscal 2027. At the same time, we will continue to invest in regulatory activities, commercial supply readiness for potential sHTG launch and advancement of our broader pipeline.

    Daniel Apel · Statement from

Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.

Read management statements

Council Score · weighted blend of 2 available disciplines

Council score for Arrowhead Pharmaceuticals (ARWR): Split View

45/100 · C

Some lenses disagree with the MoonshotScore. Compare their readings below; each uses a different method.

5-Factor Breakdown

Growth Durability Strong
Momentum Moderate
Business Quality Neutral
Financial Safety Weak
Valuation Neutral

Legends Council

6 lenses, 6 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Neutral read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Unfavorable read
Moon AI lens (model) Favorable read

Read on: Oct 4, 2026

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Weak
Margin of Safety Fairly Valued
Profit Margin Weak
Revenue Growth Strong
Debt/Equity Negative
ROE Negative
Gross Margin Strong

Read on: Sep 9, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

Two of these lenses read this company more favourably than the MoonshotScore does: Dalio-style lens and Moon AI lens. Each lens is a separate scoring function over its own inputs, so a disagreement is a difference of method rather than a correction — the page's answer stays the MoonshotScore above.

On Sep 9, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 4, 2026, except a card that shows its own read date.

Watch the ARWR film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Arrowhead Pharmaceuticals (ARWR), and what does it report?

Short answer · as of

Arrowhead designs RNA interference therapies intended to silence disease-causing targets.

Research dated 2026-09-13.

Arrowhead designs RNA interference therapies intended to silence disease-causing targets. It licenses or co-develops candidates with Janssen and Takeda while retaining an internal slate spanning liver, cardiometabolic, pulmonary, oncology and rare-disease programs.

The income statement does not follow prescription demand in a normal commercial rhythm. Revenue and gross profit have moved almost in lockstep, while revenue has swung from negligible to exceptionally large across reporting periods; reported sales therefore read as collaboration timing and program economics rather than a clean volume curve for marketed medicines.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Trailing twelve-month ratio set

2 · Latest results

What do the latest results show for Arrowhead Pharmaceuticals (ARWR)?

Short answer · as of

The most recent reported quarter, Q3 FY2026, carried revenue of $75M.

Research dated 2026-09-13.

The latest period brought revenue little changed from the preceding period, but the net loss deepened as research spending climbed and operating cash flow reversed from an inflow to a sizable outflow. Revenue surpassed consensus while earnings fell short, reinforcing that receipts and the cost base can move independently.

Management expects active study costs to moderate over time, yet it also plans continued spending on regulatory work, supply readiness for a potential sHTG launch and advancement of the broader pipeline. That is guidance about future cost behavior, not an achieved reduction; the latest research expense moved higher.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Reported versus estimated, last 8 quarters; Management outlook — dated call excerpts; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Latest quarter · revenue
$75.25M Jun 30, 2026
Latest quarter · R&D
$198.22M Jun 30, 2026
Latest quarter · SG&A
$47.12M Jun 30, 2026
Latest quarter · FMP standardized operating result
−$170.09M Jun 30, 2026
Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026$75.25M$198.22M$47.12M−$170.09M
Mar 31, 2026$73.74M$173.25M$41.24M−$141.26M
Dec 31, 2025$264.03M$177.20M$45.52M$40.81M
Sep 30, 2025$256.47M$174.69M$37.18M$44.11M

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$75.25M Aug 4, 2026
Latest report · revenue estimate
$44.17M Aug 4, 2026
Latest report · revenue vs estimate
Above estimate Aug 4, 2026
Latest report · EPS vs estimate
Below estimate Aug 4, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 4, 2026$75.25M$44.17M−$1.3600−$1.2800
May 7, 2026$73.74M$73.84M−$0.9300−$1.0900
Feb 5, 2026$264.03M$213.94M$0.2200$0.6000
Nov 25, 2025$256.47M$175.32M−$0.1800−$0.1116

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q3 FY2026$75M-$194M-$1.36 (diluted)
Q2 FY2026$74M-$133M-$0.93 (diluted)
Q1 FY2026$264M$31M$0.22 (diluted)
Q4 FY2025$256M-$24M-$0.17 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Arrowhead Pharmaceuticals (ARWR)?

Short answer

Cash and short-term investments were $1.60B at the Jun 30, 2026 balance-sheet date. Operating cash flow was −$177.47M for the quarter ended Jun 30, 2026, meaning operations used cash. These figures do not establish a cash runway.

Research dated 2026-09-13.

Liquidity is the main defense: cash and short-term investments exceed total debt, leaving the company in a net cash position. Yet cash declined from the preceding period alongside a heavy operating outflow, and the latest loss shows how quickly capital can be consumed when receipts do not align with spending.

The calculated runway looks long because annualized cash use is dampened by prior inflows, while quarterly cash generation has been highly uneven. Sustained clinical execution without matching collaboration or product receipts would weaken that comfort; leverage and negative return measures make the burn trajectory more informative than the headline cash balance alone.

Sources (as of 2026-09-13): Cash, investments and debt; Cash and short-term investments over time (USD millions); Operating cash flow by quarter (USD millions); Cash runway cross-check (ours); Cash against market value; Trailing twelve-month ratio set

Data-derived red flags

  • Negative return on equity (-55.4%) — the business is not currently generating profit on shareholder capital.
  • Inconsistent delivery — missed Wall Street EPS estimates in 6 of the last 8 reported quarters.
  • Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.

How much cash does the business generate or use?

Quarterly operating cash flow shows cash generated or used by operations.

Latest quarter · operating cash flow
−$177.47M Jun 30, 2026
Previous quarter · operating cash flow
$84.44M Mar 31, 2026
How much cash does the business generate or use? — reported evidence
Period endOperating cash flowCapital expenditure (reported)
Jun 30, 2026−$177.47M−$3.85M
Mar 31, 2026$84.44M−$2.56M
Dec 31, 2025$13.48M−$2.15M
Sep 30, 2025$20.49M−$7.49M

Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.

USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.

4 · What to check next?

What should you watch next at Arrowhead Pharmaceuticals (ARWR)?

Short answer · as of

The next earnings report is expected on Nov 24, 2026.

Research dated 2026-09-13.

At the coming results, watch whether revenue remains around the subdued recent run rate, whether operating cash usage tracks the widening accounting loss and whether research spending has peaked. Near-term consensus anticipates continued losses and lower revenue, but the earnings history shows that estimates have been poor anchors for this lumpy model.

Operationally, watch regulatory progress and supply readiness around sHTG, followed by evidence that management’s promised study-cost moderation is emerging after the current fiscal period. The broad spread in longer-range revenue estimates shows how much future economics still depends on pipeline conversion rather than extrapolation from recent receipts.

Sources (as of 2026-09-13): Next earnings report; Analyst revenue and earnings estimates (average); Reported versus estimated, last 8 quarters; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts

What management is planning

Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.

  1. Accordingly, we expect costs associated with active execution of those studies to begin to moderate down over time, beginning in fiscal 2027. At the same time, we will continue to invest in regulatory activities, commercial supply readiness for potential sHTG launch and advancement of our broader pipeline.

    Daniel Apel ·

5 · Peer comparison

How does Arrowhead Pharmaceuticals compare with its peers?

Short answer

Arrowhead Pharmaceuticals's score ranks 13th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Compared with a product-led biotechnology company, Arrowhead resembles a financed RNA interference portfolio: collaboration receipts can create profitable periods even while the research engine keeps spending. This makes revenue less repeatable but brings partner participation across a wide therapeutic slate.

Compared with a narrow-asset developer, Arrowhead spreads clinical exposure across targets and partners, although that breadth also sustains heavy research expense. Its cash position buys execution room; it does not turn episodic receipts into a commercial franchise or remove trial, regulatory and launch risk.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Cash, investments and debt; Cash against market value; Trailing twelve-month ratio set

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
Krystal Biotech, Inc. (KRYS) Named competitor$322.28 Oct 2, 2026$9.54B97 5-pillar Oct 4, 2026
Ligand Pharmaceuticals Incorporated (LGND) Same industry, near in market value$302.96 Oct 2, 2026$6.07B96 5-pillar Oct 4, 2026
Bio-Techne Corporation (TECH) Same industry, near in market value$72.40 Oct 2, 2026$11.3B93 5-pillar Oct 4, 2026
Corcept Therapeutics Incorporated (CORT) Same industry, near in market value$116.23 Oct 2, 2026$12.6B91 5-pillar Oct 4, 2026
Neurocrine Biosciences, Inc. (NBIX) Same industry, near in market value$143.18 Oct 2, 2026$14.4B90 5-pillar Oct 4, 2026
Caris Life Sciences, Inc. (CAI) Same industry, near in market value$28.30 Oct 2, 2026$8.00B89 5-pillar Oct 4, 2026
Halozyme Therapeutics, Inc. (HALO) Same industry, near in market value$109.86 Oct 2, 2026$13.0B88 5-pillar Oct 4, 2026
Ascendis Pharma A/S (ASND) Same industry, near in market value$227.87 Oct 2, 2026$14.2B88 5-pillar Oct 4, 2026
Protagonist Therapeutics, Inc. (PTGX) Same industry, near in market value$140.06 Oct 2, 2026$9.01B76 5-pillar Oct 4, 2026
Belite Bio, Inc. (BLTE) Same industry, near in market value$159.56 Oct 2, 2026$6.40B69 5-pillar Oct 4, 2026
TG Therapeutics, Inc. (TGTX) Named competitor$54.29 Oct 2, 2026$8.31B65 5-pillar Oct 4, 2026
BioMarin Pharmaceutical Inc. (BMRN) Same industry, near in market value$57.18 Oct 2, 2026$11.1B65 5-pillar Oct 4, 2026
Arrowhead Pharmaceuticals (ARWR) — this page$64.19$9.04B30

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Healthcare stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$46.00 – $126.00
Consensus target
$100.63
Median target
$109.50

Consensus record · Captured .

Measured against a quoted price of $64.19 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Aug 18, 2026

Transactions
8
Identified insiders
6
Purchases
0
Sales
7
Other transactions
1

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

Who holds the shares?

Institutional ownership reported through 13F filings.

Institutional ownership
83.9% Period end Jun 30, 2026
Previous quarter · ownership
84.8% Prior to period end Jun 30, 2026
Reporting holders
523 Period end Jun 30, 2026
Previous quarter · holders
461 Prior to period end Jun 30, 2026
Who holds the shares? — reported evidence
Holders in provider snapshotShares
Blackrock, INC.14,830,553
Avoro Capital Advisors LLC11,355,555
Fmr LLC8,039,804
Vanguard Portfolio Management LLC6,351,355
Vanguard Capital Management LLC6,110,953

Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.

What has been published about Arrowhead Pharmaceuticals (ARWR)?

Read these with our analysis →

Common Questions About ARWR (Healthcare)

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

Why does Arrowhead’s RNA interference revenue swing so sharply?

Licensing and co-development economics can arrive unevenly, while research spending continues through reporting periods. Revenue and earnings volatility therefore should not be read as changes in prescription demand.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Reported versus estimated, last 8 quarters

What would sHTG supply readiness change for Arrowhead?

It would move Arrowhead deeper into regulatory and commercial preparation for a potential launch while broader pipeline spending continues. The useful evidence would be launch-related progress accompanied by economics that depend less on collaboration timing.

Sources (as of 2026-09-13): Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions)

Can Arrowhead’s cash support ARO-AAT and ARO-XDH development?

Cash and short-term investments stand above debt, providing meaningful funding capacity for the pipeline. Highly variable operating cash flow makes the recent runway estimate a weak steady-state guide, however.

Sources (as of 2026-09-13): Business description; Cash, investments and debt; Cash and short-term investments over time (USD millions); Operating cash flow by quarter (USD millions); Cash runway cross-check (ours)

How does Olpasiran fit Arrowhead’s partnership model?

Olpasiran is among the RNA interference programs advanced beyond Arrowhead’s core internal slate, illustrating how the company can participate in candidate progression through external relationships. That structure broadens program exposure, while reported economics remain tied to collaboration events rather than a uniform product-sales stream.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

What is the ARWR stock price today?

The last price recorded on this page for Arrowhead Pharmaceuticals, Inc. (ARWR) is $64.19, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the ARWR price target?

The analyst consensus price target for Arrowhead Pharmaceuticals, Inc. (ARWR) is $100.63 (range $46.00 to $126.00, median $109.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash, investments and debt; Management outlook — dated call excerpts

Sources — records for every figure on this page (84 figures)

The 84 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 2 facts from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
prod.outlookManagement outlook — call excerptsDaniel Apel (Aug 4, 2026): Accordingly, we expect costs associated with active execution of those studies to begin to moderate down over time, beginning in fiscal 2027. At the same time, we will continue to invest in regulatory activities, commercial supply readiness for potential sHTG launch and advancement of our broader pipeline.OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.
id.hqSEC filing business address177 E Colorado Blvd, Suite 700, Pasadena, CA, 91105OFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "177 East Colorado Boulevard, Pasadena, CA, 91105, US".

FMP — 74 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.nextNext earnings dateNov 24, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.lastLatest provided price$64.19FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T20:54:41.943Z.
px.changeChange on the day-0.93%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalisation$9.04BFMPFinancial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:01.000Z. Captured from FMP at 2026-10-04T20:54:40.897Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
px.change_absChange on the day, in dollars−$0.60FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q3 FY2026$75MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$34.61–$95.49FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)51.18FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day1.49MFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.28FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveChristopher R. AnzaloneFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.founderFounder named in the filingMark Davis — Founder and Founder & Director of Insert Therapeutics Inc & CalandoFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees711FMPFinancial Modeling Prep (FMP) employee count, from the company's filing
fin.annualRevenue and net result by fiscal year5 fiscal years, FY2021 through FY2025: FY2021 revenue $138.29M, net result −$140.85M; FY2022 revenue $243.23M, net result −$176.06M; FY2023 revenue $240.74M, net result −$205.27M; FY2024 revenue $3.55M, net result −$599.49M; FY2025 revenue $829.45M, net result −$1.63MFMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)100.0%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.q_table.depth.2026-06-30.revenue_kRevenue — period end 2026-06-30$75.25MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.rd_kR&D — period end 2026-06-30$198.22MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.sga_kSG&A — period end 2026-06-30$47.12MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-06-30.operating_result_kFMP standardized operating result — period end 2026-06-30−$170.09MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.revenue_kRevenue — period end 2026-03-31$73.74MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.rd_kR&D — period end 2026-03-31$173.25MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.sga_kSG&A — period end 2026-03-31$41.24MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2026-03-31.operating_result_kFMP standardized operating result — period end 2026-03-31−$141.26MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.revenue_kRevenue — period end 2025-12-31$264.03MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.rd_kR&D — period end 2025-12-31$177.20MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.sga_kSG&A — period end 2025-12-31$45.52MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-12-31.operating_result_kFMP standardized operating result — period end 2025-12-31$40.81MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.revenue_kRevenue — period end 2025-09-30$256.47MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.rd_kR&D — period end 2025-09-30$174.69MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.sga_kSG&A — period end 2025-09-30$37.18MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
fin.q_table.depth.2025-09-30.operating_result_kFMP standardized operating result — period end 2025-09-30$44.11MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note
earn.history.depth.2026-08-04.revenue_actualRevenue · reported — report date 2026-08-04$75.25MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.revenue_estimatedRevenue · estimate — report date 2026-08-04$44.17MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_actualEPS · reported — report date 2026-08-04−$1.3600Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-04.eps_estimatedEPS · estimate — report date 2026-08-04−$1.2800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_actualRevenue · reported — report date 2026-05-07$73.74MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.revenue_estimatedRevenue · estimate — report date 2026-05-07$73.84MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_actualEPS · reported — report date 2026-05-07−$0.9300Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-07.eps_estimatedEPS · estimate — report date 2026-05-07−$1.0900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_actualRevenue · reported — report date 2026-02-05$264.03MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_estimatedRevenue · estimate — report date 2026-02-05$213.94MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_actualEPS · reported — report date 2026-02-05$0.2200Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_estimatedEPS · estimate — report date 2026-02-05$0.6000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.revenue_actualRevenue · reported — report date 2025-11-25$256.47MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.revenue_estimatedRevenue · estimate — report date 2025-11-25$175.32MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.eps_actualEPS · reported — report date 2025-11-25−$0.1800Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-25.eps_estimatedEPS · estimate — report date 2025-11-25−$0.1116Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q3 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$1.60BFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review.
fin.opcf_latestLatest-quarter operating cash flow−$177.47MFMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate.
fin.long_term_investmentsLong-term investments (classification unverified)$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.total_debtTotal debt$864.07MFMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value19.77×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
fin.opcf.depth.2026-06-30.operating_cash_flow_mOperating cash flow — period end 2026-06-30−$177.47MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.operating_cash_flow_mOperating cash flow — period end 2026-03-31$84.44MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-06-30.capex_mCapital expenditure (reported) — period end 2026-06-30−$3.85MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2026-03-31.capex_mCapital expenditure (reported) — period end 2026-03-31−$2.56MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.operating_cash_flow_mOperating cash flow — period end 2025-12-31$13.48MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-12-31.capex_mCapital expenditure (reported) — period end 2025-12-31−$2.15MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.operating_cash_flow_mOperating cash flow — period end 2025-09-30$20.49MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
fin.opcf.depth.2025-09-30.capex_mCapital expenditure (reported) — period end 2025-09-30−$7.49MPeriod end · FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note
earn.pt_rangeAnalyst price target, low to high$46.00 – $126.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$100.63FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$109.50FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP8 transactions · 0 purchases, 7 sales, 1 other transactions · 6 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Aug 18, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.
own.institutions.depth.ownership_pctInstitutional ownership83.9%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.ownership_pct_previous_quarterPrevious quarter · ownership84.8%FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.institutions.depth.holdersReporting holders523FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026
own.institutions.depth.holders_previous_quarterPrevious quarter · holders461FMPFinancial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026
own.top_holders.depth.holder_0.sharesBlackrock, INC. — shares in provider snapshot14,830,553FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_1.sharesAvoro Capital Advisors LLC — shares in provider snapshot11,355,555FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_2.sharesFmr LLC — shares in provider snapshot8,039,804FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_3.sharesVanguard Portfolio Management LLC — shares in provider snapshot6,351,355FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.
own.top_holders.depth.holder_4.sharesVanguard Capital Management LLC — shares in provider snapshot6,110,953FMPFinancial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied.

UNRECORDED — 3 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 2 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-02 · Expired observation
fin.scoresDistress and quality screensAltman Z 2.88 · Piotroski F 3UNRECORDEDStored financial-scores observation — Captured 2026-10-04
fin.ratiosReturn and yield ratios (trailing twelve months)ROE -55.4% · ROA -13.3% · current ratio 6.23 · earnings yield -3.0% · free-cash-flow yield -0.5%—UNRECORDEDStored key metrics — Date unknown

COMPUTED — 3 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
fin.mcap_to_cashMarket value per dollar of cash and short-term investments5.64×—COMPUTEDComputed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.60B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio.
earn.history.depth.2026-08-04.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($75.25M) with the recorded estimate ($44.17M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-04.eps_actual.comparisonLatest report · EPS vs estimateBelow estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS (−$1.3600) with the recorded estimate (−$1.2800) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v230 of 100 · Weak · pillars 48 / 24 / 44 / 89 / 67OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement30 (stored snapshot Oct 3, 2026) → 30 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots — The current score publication is not yet represented in the immutable snapshot archive.

Fact-family notes

  1. Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs: fin.q_table.depth.2026-06-30.revenue_k, fin.q_table.depth.2026-06-30.rd_k, fin.q_table.depth.2026-06-30.sga_k, fin.q_table.depth.2026-06-30.operating_result_k, fin.q_table.depth.2026-03-31.revenue_k, fin.q_table.depth.2026-03-31.rd_k, fin.q_table.depth.2026-03-31.sga_k, fin.q_table.depth.2026-03-31.operating_result_k, fin.q_table.depth.2025-12-31.revenue_k, fin.q_table.depth.2025-12-31.rd_k, fin.q_table.depth.2025-12-31.sga_k, fin.q_table.depth.2025-12-31.operating_result_k, fin.q_table.depth.2025-09-30.revenue_k, fin.q_table.depth.2025-09-30.rd_k, fin.q_table.depth.2025-09-30.sga_k, fin.q_table.depth.2025-09-30.operating_result_k.
  2. Earnings-history note. Source series as of 2026-08-04. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-04.revenue_actual, earn.history.depth.2026-08-04.revenue_estimated, earn.history.depth.2026-08-04.revenue_actual.comparison, earn.history.depth.2026-08-04.eps_actual.comparison, earn.history.depth.2026-08-04.eps_actual, earn.history.depth.2026-08-04.eps_estimated, earn.history.depth.2026-05-07.revenue_actual, earn.history.depth.2026-05-07.revenue_estimated, earn.history.depth.2026-05-07.eps_actual, earn.history.depth.2026-05-07.eps_estimated, earn.history.depth.2026-02-05.revenue_actual, earn.history.depth.2026-02-05.revenue_estimated, earn.history.depth.2026-02-05.eps_actual, earn.history.depth.2026-02-05.eps_estimated, earn.history.depth.2025-11-25.revenue_actual, earn.history.depth.2025-11-25.revenue_estimated, earn.history.depth.2025-11-25.eps_actual, earn.history.depth.2025-11-25.eps_estimated.
  3. Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs: fin.opcf.depth.2026-06-30.operating_cash_flow_m, fin.opcf.depth.2026-03-31.operating_cash_flow_m, fin.opcf.depth.2026-06-30.capex_m, fin.opcf.depth.2026-03-31.capex_m, fin.opcf.depth.2025-12-31.operating_cash_flow_m, fin.opcf.depth.2025-12-31.capex_m, fin.opcf.depth.2025-09-30.operating_cash_flow_m, fin.opcf.depth.2025-09-30.capex_m.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Arrowhead Pharmaceuticals, Inc., founded in 1989 and based in Pasadena, California, is a biopharmaceutical company dedicated to discovering and advancing innovative treatments for complex and challenging-to-treat diseases within the United States. The company's extensive therapeutic pipeline primarily leverages RNA interference (RNAi) technology. Among its advanced clinical programs are: ARO-AAT, a Phase II therapeutic targeting liver diseases associated with alpha-1 antitrypsin deficiency; ARO-APOC3, which is undergoing both Phase 2b and Phase 3 clinical evaluations for hypertriglyceridemia; ARO-ANG3, currently in Phase 2b development to reduce the production of angiopoietin-like protein 3; and ARO-HIF2, a Phase 1b candidate designed to treat clear cell renal cell carcinoma. Arrowhead also has several compounds in earlier clinical development, including ARO-HSD in Phase 1/2a for other liver diseases, ARO-ENaC in Phase 1/2a, aimed at decreasing the epithelial sodium channel alpha subunit in lung airways, and ARO-C3, also in Phase 1/2a, for complement-mediated diseases. Further expanding its diverse portfolio, the company is actively developing ARO-Lung2 for chronic obstructive pulmonary disorder (COPD), ARO-DUX4 for facioscapulohumeral muscular dystrophy, ARO-XDH for uncontrolled gout, and ARO-COV for COVID-19 and other pulmonary-borne pathogens. Beyond its core internal programs, Arrowhead is involved in the progression of JNJ-3989, a subcutaneously administered RNAi therapeutic for chronic hepatitis B virus infection; Olpasiran, intended to reduce apolipoprotein A production; and ARO-AMG1, which targets genetically validated cardiovascular pathways. Strategic collaborations are integral to Arrowhead's development efforts. The company holds a licensing and research agreement with Janssen Pharmaceuticals, Inc. for the co-development of ARO-JNJ1, ARO-JNJ2, and ARO-JNJ3, all RNAi therapeutics focused on liver-expressed targets. Additionally, Arrowhead has a licensing and research partnership with Takeda Pharmaceuticals U.S.A., Inc. to develop an RNAi therapeutic candidate specifically for liver disease.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: -$1.36 per share, R&D: $198.22M, SG&A: $47.12M, EPS basic: -$1.36 per share, EPS basis: diluted, Revenue: $75.25M, EPS diluted: -$1.36 per share, Net result: -$194.28M, Gross profit: $75.25M, Operating result: -$170.09M
  • Quarter ended 2026-03-31 — EPS: -$0.93 per share, R&D: $173.25M, SG&A: $41.24M, EPS basic: -$0.93 per share, EPS basis: diluted, Revenue: $73.74M, EPS diluted: -$0.93 per share, Net result: -$132.73M, Gross profit: $73.74M, Operating result: -$141.26M
  • Quarter ended 2025-12-31 — EPS: $0.22 per share, R&D: $177.20M, SG&A: $45.52M, EPS basic: $0.22 per share, EPS basis: diluted, Revenue: $264.03M, EPS diluted: $0.22 per share, Net result: $30.81M, Gross profit: $264.03M, Operating result: $40.81M
  • Quarter ended 2025-09-30 — EPS: -$0.17 per share, R&D: $174.69M, SG&A: $37.18M, EPS basic: -$0.17 per share, EPS basis: diluted, Revenue: $256.47M, EPS diluted: -$0.17 per share, Net result: -$23.75M, Gross profit: $256.47M, Operating result: $44.11M
  • Quarter ended 2025-06-30 — EPS: -$1.26 per share, R&D: $162.37M, SG&A: $30.44M, EPS basic: -$1.26 per share, EPS basis: diluted, Revenue: $27.77M, EPS diluted: -$1.26 per share, Net result: -$175.24M, Gross profit: $27.77M, Operating result: -$165.55M
  • Quarter ended 2025-03-31 — EPS: $2.75 per share, R&D: $133.10M, SG&A: $27.89M, EPS basic: $2.78 per share, EPS basis: diluted, Revenue: $542.71M, EPS diluted: $2.75 per share, Net result: $370.44M, Gross profit: $542.71M, Operating result: $381.20M
  • Quarter ended 2024-12-31 — EPS: -$1.39 per share, R&D: $137.00M, SG&A: $26.40M, EPS basic: -$1.39 per share, EPS basis: diluted, Revenue: $2.50M, EPS diluted: -$1.39 per share, Net result: -$173.09M, Gross profit: $2.50M, Operating result: -$161.41M
  • Quarter ended 2024-09-30 — EPS: -$1.4 per share, R&D: $131.39M, SG&A: $25.79M, EPS basic: -$1.4 per share, EPS basis: diluted, Revenue: $0, EPS diluted: -$1.4 per share, Net result: -$170.54M, Gross profit: -$5.03M, Operating result: -$162.20M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$3.85M, Operating cash flow: -$177.47M
  • Quarter ended 2026-03-31 — Capital expenditure: -$2.56M, Operating cash flow: $84.44M
  • Quarter ended 2025-12-31 — Capital expenditure: -$2.15M, Operating cash flow: $13.48M
  • Quarter ended 2025-09-30 — Capital expenditure: -$7.49M, Operating cash flow: $20.49M
  • Quarter ended 2025-06-30 — Capital expenditure: -$2.36M, Operating cash flow: -$154.72M
  • Quarter ended 2025-03-31 — Capital expenditure: -$5.30M, Operating cash flow: $460.05M
  • Quarter ended 2024-12-31 — Capital expenditure: -$7.52M, Operating cash flow: -$146.27M
  • Quarter ended 2024-09-30 — Capital expenditure: -$24.29M, Operating cash flow: -$137.22M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Cash, investments and debt
Total debt: $864.07M; Liquidity basis: cash and short-term investments; Total liabilities: $1.65B; Cash and short-term investments: $1.60B; Cash and investments: $1.60B; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Management outlook — dated call excerpts
Captured record · 1 entry
  • Call of 2026-08-04 — Quote: Accordingly, we expect costs associated with active execution of those studies to begin to moderate down over time, beginning in fiscal 2027. At the same time, we will continue to invest in regulatory activities, commercial supply readiness for potential sHTG launch and advancement of our broader pipeline., Speaker: Daniel Apel

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-04OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2025 — R&D: $607.16M, Revenue: $829.45M, Period end: 2025-09-30, Net result: -$1.63M
  • FY2024 — R&D: $489.22M, Revenue: $3.55M, Period end: 2024-09-30, Net result: -$599.49M
  • FY2023 — R&D: $342.31M, Revenue: $240.74M, Period end: 2023-09-30, Net result: -$205.27M
  • FY2022 — R&D: $288.50M, Revenue: $243.23M, Period end: 2022-09-30, Net result: -$176.06M
  • FY2021 — R&D: $206.34M, Revenue: $138.29M, Period end: 2021-09-30, Net result: -$140.85M
2025-09-30FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Trailing twelve-month ratio set
Quick ratio: 5.9; Current ratio: 5.9; Debt to equity: 1.86; Net margin: -47.8%; Gross margin: 100%; Operating margin: -33.8%; Return on assets: -15.1%; Return on equity: -60.5%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-04 — EPS actual: -$1.36 per share, EPS estimated: -$1.28 per share, Revenue actual: $75.25M, Revenue estimated: $44.17M
  • Reported 2026-05-07 — EPS actual: -$0.93 per share, EPS estimated: -$1.09 per share, Revenue actual: $73.74M, Revenue estimated: $73.84M
  • Reported 2026-02-05 — EPS actual: $0.22 per share, EPS estimated: $0.6 per share, Revenue actual: $264.03M, Revenue estimated: $213.94M
  • Reported 2025-11-25 — EPS actual: -$0.18 per share, EPS estimated: -$0.11157 per share, Revenue actual: $256.47M, Revenue estimated: $175.32M
  • Reported 2025-08-07 — EPS actual: -$1.26 per share, EPS estimated: -$0.94 per share, Revenue actual: $27.77M, Revenue estimated: $154.06M
  • Reported 2025-05-12 — EPS actual: $2.75 per share, EPS estimated: -$0.06 per share, Revenue actual: $542.71M, Revenue estimated: $116.27M
  • Reported 2025-02-10 — EPS actual: -$1.39 per share, EPS estimated: -$0.42 per share, Revenue actual: $2.50M, Revenue estimated: $19.05M
  • Reported 2024-11-26 — EPS actual: -$1.38 per share, EPS estimated: -$1.05 per share, Revenue actual: $3.55M, Revenue estimated: $55.07M
2026-08-04FMPFinancial Modeling Prep (FMP) earnings
Most recent periodic reports2026-08-04OFFICIALSEC EDGAR filer submissions
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $1.60B, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $1.78B, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $916.60M, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $919.40M, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $900.40M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $1.10B, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $552.90M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $681.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Cash runway cross-check (ours)
Years: 34.5; Method: cash and short-term investments of $1602M at 2026-06-30 divided by the annualized rate at which operations and capital spending used cash ($46.4M per year); Reaches: 2060-12; Cash basis: cash and short-term investments; Cash: $1.60B; Annualized cash use: $46.40M

Rate taken from operating cash flow less capital expenditure over the 8 most recent reported quarters, annualized.; Measured from operations, not from the change in the cash balance — a company that raised money during the window would otherwise appear to be burning less than it is.; Assumes that rate continues unchanged: it ignores announced cost reductions, financing already arranged and any change in spending.; Assumes the reported cash and short-term investments are realizable for funding operations; restrictions and timing of access are not established by these provider fields. Long-term investments are excluded.; It is a cross-check, not a forecast, and the company's own statement about its runway outranks it.

2026-06-30COMPUTEDComputed from reported cash flow; assumptions stated
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $737.90M; Total debt: $864.10M; Cash and investments: $1.60B

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Next earnings report
Date: 2026-11-24; EPS estimate: -$1.59 per share; Revenue estimate: $59.43M

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2027 — EPS average: -$4.66 per share, Revenue average: $343.04M, Revenue low: $142.67M, Revenue high: $600.92M, Analysts (revenue): 12
  • FY2028 — EPS average: -$2.57 per share, Revenue average: $752.72M, Revenue low: $341.81M, Revenue high: $1.55B, Analysts (revenue): 9
  • FY2029 — EPS average: -$0.74 per share, Revenue average: $1.15B, Revenue low: $663.66M, Revenue high: $2.10B, Analysts (revenue): 6
  • FY2030 — EPS average: $4.41 per share, Revenue average: $2.04B, Revenue low: $1.18B, Revenue high: $3.73B, Analysts (revenue): 7
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold ARWR

Funds in our ETF coverage that list ARWR among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
Global X - Genomics & Biotechnology ETF (GNOM)5.69%
Research Affiliates Deletions ETF (NIXT)2.37%
Amplify Etho Climate Leadership U.S. ETF (ETHO)1.29%
iShares Morningstar Small-Cap Growth ETF (JKK)0.86%