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Halozyme Therapeutics HALO Acquired in-process research and development expenses

Acquired in-process research and development expenses at other companies

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Halozyme Therapeutics logo
Halozyme TherapeuticsHALO
$71.22M
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Other financials

Income statement

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Revenue$481.0M+47.7%
Gross profit$401.8M+43.8%
Operating income$287.7M+42.1%
Net income$229.9M+39.2%
EPS (diluted)$1.90+42.9%

Balance sheet

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Cash & equivalents$164.0M+165%
Total debt$2.2B+41.6%
Total equity$143.5M-56.9%
Total assets$2.6B+25.5%

Cash flow

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Operating cash flow$240.9M+142%
CapEx$4.2M+167%
Free cash flow$236.7M+141%

Valuation

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Market cap$10.17B+39.6%
Enterprise value$12.19B+39.0%
P/E14.1×-4.1×
P/S6.1×-0.1×

Profitability

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Gross margin82.4%-1.8pp
Operating margin59.3%+9.0pp
Net margin47.9%+6.5pp
FCF margin48.5%+2.6pp

Returns & leverage

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Return on equity124.5%+12.7pp
Debt / equity15.2×+10.6×
Current ratio2.7×-5.7×

Where this comes from

Reported directly by Halozyme Therapeutics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentAssetAcquiredOtherThanThroughBusinessCombinationWrittenOff.

The source filing: Halozyme Therapeutics’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:08 PM EST
Fiscal year
FY2025
Accession
0001159036-26-000024
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Research and development81,49079,04876,363
Selling, general and administrative207,092154,335149,182
Impairment of intangible asset48,700
Acquired in-process research and development expense284,887
Total operating expenses927,605463,849491,679
Operating income469,006551,475337,574
Other income (expense)
Investment and other income, net21,47223,75216,317

Item 16.Form 10-K Summary

FAQ

What is Halozyme Therapeutics's acquired in-process research and development expenses?
Halozyme Therapeutics (HALO) reported acquired in-process research and development expenses of $71.22M in Q4 2025.
What does acquired in-process research and development expenses mean?
This metric captures the costs associated with acquiring in-process research and development (IPR&D) projects from third parties. Unlike internal R&D, these costs are often one-time payments related to business combinations or licensing deals. It reflects the company's strategy of buying innovation rather than developing it entirely in-house.

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