How much cash does Arrowhead Research generate?

Arrowhead Research (ARWR) generated $578.5M in operating cash flow over the trailing twelve months.

What is Arrowhead Research's free cash flow?

After $14.6M of capital expenditures, Arrowhead Research's free cash flow was $561.0M over the trailing twelve months, up 198.1% year over year.

Where does Arrowhead Research's cash flow data come from?

Every line is extracted from Arrowhead Research's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Arrowhead Research ARWR Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Net income	-$271.86M-216%	$233.57M+676%	$30.11M+119%	-$159.35M-3.0%	-$154.68M+76.2%
Depreciation and amortization	$25.37M+1.1%	$25.08M+4.8%	$23.93M+6.0%	$22.57M+6.8%	$21.13M+8.0%
Stock-based compensation	$68.17M+1.0%	$67.53M+6.6%	$63.37M-0.6%	$63.75M-5.9%	$67.76M-2.5%
Gain (loss) on sale of assets	——	——	——	——	——
Change in accounts receivable	——	$266.65M+367%	$57.1M+472%	$9.98M+299%	$2.5M0.0%
Change in accounts payable	——	——	——	$13.34M+1,061%	$1.15M—
Change in accrued liabilities	——	——	——	——	$51.05M+113%
Change in other assets	——	——	——	——	——
Other working capital changes	——	——	——	——	-$1.97M-875%
Change in deferred revenue	——	——	——	——	——
Net gains (losses) on investments	——	——	——	——	——
Change in operating lease liabilities	-$4.77M-1.8%	-$4.69M-1.8%	-$4.61M—	——	——
Net cash from operating activities	——	——	——	——	$61.15M+112%
Capital expenditures	$14.57M-15.8%	$17.3M-23.7%	$22.67M-42.6%	$39.47M-23.4%	$51.55M-35.8%
Purchases of investments	$1.18B+31.2%	$899.44M+13.0%	$796.26M-25.4%	$1.07B-2.0%	$1.09B+44.3%
Proceeds from maturities/sales of investments	——	$686.79M-0.4%	$689.63M+1.2%	$681.58M+192%	$233.73M-45.3%
Net cash from investing activities	——	——	——	——	-$566.23M-36.5%
Proceeds from issuance of debt	——	——	——	——	——
Repayments of debt	$134.51M-49.9%	$268.31M+33.1%	$201.63M0.0%	$201.63M+33.0%	$151.63M—
Proceeds from issuance of common stock	——	——	——	——	——
Payment of debt issuance costs	——	——	——	——	——
Net cash from financing activities	——	——	——	——	$552.49M-38.0%
Effect of exchange rate changes on cash	——	——	——	——	$3.64M-10.5%
Net increase (decrease) in cash	——	——	——	——	——
Interest paid	——	——	$19K+33.3%	$14.25K+50.0%	$9.5K+100%
Income taxes paid	$22.3M+108%	$10.71M+1,216%	$814K+112%	-$6.73M-0.7%	-$6.68M-144%
Gain (Loss) on Disposition of Assets	——	——	——	——	——
Gain on settlement of treasury stock	——	——	$3.19M+33.3%	$2.39M+50.0%	$1.6M+100%
Equity in earnings (losses) of equity method investees	——	——	——	——	——
Operating lease liabilities	-$4.77M-1.8%	-$4.69M-1.8%	-$4.61M—	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	——	——
Investment Income Net Amortization Of Discount And Premium	$5.52M—	——	——	——	——
Non-cash interest expense on liability related to the sale of future royalties	——	——	——	——	$22.43M-1.1%
Payment-in-kind interest	$60.22M-2.9%	$62M-2.1%	$63.33M+9.0%	$58.09M+39.4%	$41.69M+63.2%
Net realized gains (losses)	——	$19K—	$0+100%	-$160K—	——
Payments Of Debt Issuance Costs	——	——	——	——	——
Repayments of Long-Term Lines of Credit	——	——	——	——	$151.63M—
Accrued payables for capital expenditures	——	——	——	——	——
Proceeds From Issuance Of Warrants	——	——	——	——	——
Proceeds From Long Term Lines Of Credit	——	——	$0-100%	$98M-50.0%	$196M-33.3%
Income Taxes Paid, Net	$22.3M+108%	$10.71M+1,216%	$814K+112%	-$6.73M-0.7%	-$6.68M-144%
Treasury stock received to settle accounts receivable	——	——	$50M+33.3%	$37.5M+50.0%	$25M+100%
Free cash flow	——	——	——	——	$9.6M+102%

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Questions, answered.

How much cash does Arrowhead Research generate?: Arrowhead Research (ARWR) generated $578.5M in operating cash flow over the trailing twelve months.
What is Arrowhead Research's free cash flow?: After $14.6M of capital expenditures, Arrowhead Research's free cash flow was $561.0M over the trailing twelve months, up 198.1% year over year.
Where does Arrowhead Research's cash flow data come from?: Every line is extracted from Arrowhead Research's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.