What is Halozyme Therapeutics's R&D?

Halozyme Therapeutics (HALO) reported R&D of $25.56M in Q1 2026.

How has Halozyme Therapeutics's R&D changed year-over-year?

Halozyme Therapeutics's R&D increased by 72.7% year-over-year, from $14.8M to $25.56M.

What is the long-term trend for Halozyme Therapeutics's R&D?

Over 4 years (2021 to 2025), Halozyme Therapeutics's R&D has grown at a 22.9% compound annual growth rate (CAGR), from $35.67M to $81.49M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Halozyme Therapeutics HALO R&D

R&D at other companies

West Pharmaceutical ServicesWST

$15.8M-3.1%

BridgeBio PharmaBBIO

$126.64M+13.6%

Arrowhead ResearchARWR

$173.25M+30.2%

AlkermesALKS

$103.35M+43.9%

United TherapeuticsUTHR

$138.2M-7.2%

LQD

Liquidia CorporationLQDA

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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:ResearchAndDevelopmentExpense.

The official record: Halozyme Therapeutics’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Halozyme Therapeutics's R&D?: Halozyme Therapeutics (HALO) reported R&D of $25.56M in Q1 2026.
How has Halozyme Therapeutics's R&D changed year-over-year?: Halozyme Therapeutics's R&D increased by 72.7% year-over-year, from $14.8M to $25.56M.
What is the long-term trend for Halozyme Therapeutics's R&D?: Over 4 years (2021 to 2025), Halozyme Therapeutics's R&D has grown at a 22.9% compound annual growth rate (CAGR), from $35.67M to $81.49M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.