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Arrowhead Research ARWR Business Segments — R&D

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AAX
AAXNOperating Segments — Research And Development Expense

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 us-gaap:ResearchAndDevelopmentExpense.

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 — R&D?
Arrowhead Research (ARWR) reported business segments — R&D of $173.25M in Q1 2026.
How has Arrowhead Research's business segments — R&D changed year-over-year?
Arrowhead Research's business segments — R&D increased by 30.2% year-over-year, from $133.1M to $173.25M.
What does business segments — R&D mean?
Total cost of all research and development activities.
How do you interpret business segments — R&D?
Higher spending indicates a commitment to pipeline expansion, while lower spending may signal a focus on cost control or a reduction in R&D projects.
How does business segments — R&D compare across companies?
Standard 'Research and Development Expense' reported by all pharmaceutical and biotech companies.