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Arrowhead Research ARWR Business Segments — Candidate costs

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BBIOReportable Segment Aggregation Before Other Operating — Research And Development Expense
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Other financials

Income statement

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Revenue$73.7M-86.4%
Operating income-$141.3M-137%
Net income-$132.7M-136%
EPS (diluted)-$0.93-134%

Balance sheet

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Cash & equivalents$188.5M+1.5%
Total debt$107.9M-5.6%
Total equity$614.0M-10.1%
Total assets$2.3B+44.2%

Cash flow

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Operating cash flow$84.4M-81.6%
CapEx$2.6M-51.6%
Free cash flow$81.9M-82.0%

Valuation

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Market cap$11.52B+402%
Enterprise value$11.44B+418%
P/S18.5×+14.3×

Profitability

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Operating margin-35.7%+63.6pp
Net margin-48.4%+240pp
FCF margin1.8%+0.9pp

Returns & leverage

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Return on equity-46.4%+341pp
Debt / equity0.2×0.0×
Current ratio6.2×+1.1×

Where this comes from

Reported directly by Arrowhead Research in its filing.

Tagged under the XBRL concept arwr:ResearchAndDevelopmentExpenseCandidateCosts.

The official record: Arrowhead Research’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arrowhead Research's business segments — candidate costs?
Arrowhead Research (ARWR) reported business segments — candidate costs of $99.45M in Q1 2026.
How has Arrowhead Research's business segments — candidate costs changed year-over-year?
Arrowhead Research's business segments — candidate costs increased by 39.7% year-over-year, from $71.19M to $99.45M.
What does business segments — candidate costs mean?
Direct costs incurred for the development and clinical testing of specific drug candidates.
How do you interpret business segments — candidate costs?
An increase suggests accelerated clinical trial activity or advancement of candidates into later-stage development, while a decrease may indicate project completion or pipeline prioritization.
How does business segments — candidate costs compare across companies?
Commonly reported by biotechnology firms as 'Clinical Trial Expenses' or 'Direct Pipeline Development Costs'.