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Arrowhead Research ARWR Business Segments — Research And Development Expense, Excluding Noncash 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:ResearchAndDevelopmentExpenseExcludingNoncashExpense.

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 — research and development expense, excluding noncash expense?
Arrowhead Research (ARWR) reported business segments — research and development expense, excluding noncash expense of $159.09M in Q1 2026.
How has Arrowhead Research's business segments — research and development expense, excluding noncash expense changed year-over-year?
Arrowhead Research's business segments — research and development expense, excluding noncash expense increased by 33.0% year-over-year, from $119.64M to $159.09M.
What does business segments — research and development expense, excluding noncash expense mean?
Total cash expenditures for research and development activities, excluding non-cash items.
How do you interpret business segments — research and development expense, excluding noncash expense?
Higher spending indicates aggressive investment in R&D, while lower spending may improve short-term cash flow but could impact long-term pipeline viability.
How does business segments — research and development expense, excluding noncash expense compare across companies?
Similar to 'Cash R&D Burn' or 'Adjusted R&D Expense' used by biotech investors.