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R&D at other companies

Ionis Pharmaceuticals logo
Ionis PharmaceuticalsIONS
$228.9M+1.6%
BridgeBio Pharma logo
BridgeBio PharmaBBIO
$126.64M+13.6%
Madrigal Pharmaceuticals, Inc. logo
Madrigal Pharmaceuticals, Inc.MDGL
$108.69M+146%
Royalty Pharma logo
Royalty PharmaRPRX
$39.79M-21.2%
Revvity logo
RevvityRVTY
$57.89M+8.0%
ALN
Alnylam PharmaceuticalsALNY

Segments

By segment

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Operating Segment$173.25M+30.2%

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 R&D?
Arrowhead Research (ARWR) reported R&D of $173.25M in Q1 2026.
How has Arrowhead Research's R&D changed year-over-year?
Arrowhead Research's R&D increased by 30.2% year-over-year, from $133.1M to $173.25M.
What is the long-term trend for Arrowhead Research's R&D?
Over 4 years (2021 to 2025), Arrowhead Research's R&D has grown at a 31.0% compound annual growth rate (CAGR), from $206.34M to $607.16M.
What does R&D mean?
The money spent on creating new products and improving existing ones.
How do you interpret R&D?
Higher spending suggests an active pipeline and investment in future growth, whereas lower spending might indicate a shift toward commercialization or cost-cutting.
How does R&D compare across companies?
High relative to revenue for early-stage biotech; lower for mature pharmaceutical companies.