What does acquired in-process research and development mean?

Represents the cash outflow associated with acquiring research and development projects that have not yet reached technological feasibility. This is a critical indicator of a company's external innovation strategy and inorganic growth pipeline. It reflects the capital intensity of maintaining a competitive R&D portfolio in high-tech or life science sectors.

Halozyme Therapeutics HALO Acquired in-process research and development

Acquired in-process research and development at other companies

Ionis PharmaceuticalsIONS

$228.9M+1.6%

Spyre Therapeutics, Inc.SYRE

$30M—

Other financials

Income statement

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Revenue$376.7M+42.2%

Gross profit$297.5M+37.4%

Operating income$184.5M+30.4%

Net income$150.0M+27.1%

EPS (diluted)$1.22+31.2%

Balance sheet

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Cash & equivalents$312.0M+76.9%

Total debt$2.2B+41.7%

Total equity$219.6M-54.5%

Total assets$2.7B+21.7%

Cash flow

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Operating cash flow$180.1M+16.8%

CapEx$3.7M+294%

Free cash flow$176.3M+15.0%

Valuation

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Market cap$8.13B-2.9%

Enterprise value$10B+3.0%

P/E13.4×-3.8×

P/S5.4×-2.3×

Profitability

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Gross margin82.8%-0.7pp

Operating margin59.3%+9.0pp

Net margin47.9%+6.5pp

FCF margin44.3%-1.5pp

Returns & leverage

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Return on equity124.5%+12.7pp

Debt / equity9.9×+6.7×

Current ratio2.8×-5.6×

Where this comes from

Reported directly by Halozyme Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff.

The official record: Halozyme Therapeutics’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Halozyme Therapeutics's acquired in-process research and development?: Halozyme Therapeutics (HALO) reported acquired in-process research and development of $71.22M in Q4 2025.
What does acquired in-process research and development mean?: Represents the cash outflow associated with acquiring research and development projects that have not yet reached technological feasibility. This is a critical indicator of a company's external innovation strategy and inorganic growth pipeline. It reflects the capital intensity of maintaining a competitive R&D portfolio in high-tech or life science sectors.