Saturday 17 October 2026 Export HRTX’s income statement to Excel — free account

Heron Therapeutics, Inc.

Heron Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $154.9 million, up 7.36% from fiscal 2024. In the quarter to June 2026, revenue grew 1.25%, EPS fell 93.6%, free cash flow grew 78.8% and total debt fell 18.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

0.36 0.02 −5.26%

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Market cap: $71.5M
P/E: 0.0×
Fwd P/E: −6.6×
Dividend yield: —
F-score: 4/9
Altman Z: −8.84
Beneish M: −2.40
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	4	4	2	3	4	3	3	4
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	(16.72)	(0.96)	9.25	7.23	3.17	(6.37)	(10.61)	(11.92)	(9.94)	(8.84)
P/S ratio Full definition →	0.00	32.49	24.51	13.17	21.68	10.41	2.46	2.06	1.62	1.40
Altman Z″-Score (non-manufacturers) Full definition →	(43.30)	(11.65)	(0.19)	(1.39)	(11.13)	(17.70)	(24.72)	(28.19)	(24.00)	(21.08)
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
P/Operating CF Full definition →	(13.19)	(21.20)	(56.70)	(71.24)	(36.57)	(19.86)	(7.05)	106.34	(19.80)	(23.60)
Beneish M-Score Full definition →	—	17.62	(1.11)	16.86	(2.83)	(2.79)	(2.77)	(3.56)	(2.31)	(2.40)
P/B ratio Full definition →	0.00	7.62	5.13	4.76	8.13	11.59	19.49	0.00	0.00	16.32
Price to Tangible BV Full definition →	0.00	7.62	5.13	4.76	8.13	11.59	19.49	0.00	0.00	16.32
EV/Sales Full definition →	0.00	27.70	20.54	10.57	19.49	10.31	3.06	2.79	2.42	2.01
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(3.78)	(5.01)	(8.30)	(12.39)	(9.35)	(4.38)	(2.24)	(6.03)	(15.48)	(11.26)
EV/FCF Full definition →	(3.69)	(4.93)	(7.92)	(11.71)	(9.02)	(4.32)	(2.22)	(5.88)	(14.26)	(11.17)
Quick Ratio Full definition →	1.37	2.08	4.31	4.46	2.44	2.72	1.66	1.76	1.51	1.42
Current Ratio Full definition →	1.60	2.21	4.86	4.95	3.07	3.58	2.49	2.37	2.29	2.48
Net Debt/EBITDA Full definition →	0.01	0.90	1.80	1.79	0.87	0.04	(0.37)	(0.86)	(11.30)	(643.88)
Debt/Assets Full definition →	74.09%	0.00%	0.00%	2.39%	4.12%	48.77%	59.49%	78.09%	74.94%	54.96%
Debt/Equity Full definition →	(2.35)	0.00	0.00	0.03	0.06	1.92	11.00	(5.11)	(5.19)	9.81
Asset Turnover Full definition →	0.01	0.20	0.22	0.30	0.20	0.26	0.39	0.54	0.63	0.63
Operating CF/Net income Full definition →	0.77	0.86	1.07	0.61	0.81	0.92	0.81	0.53	1.66	1.37
Capex/Depreciation Full definition →	(1.52)	(1.22)	9.06	11.25	(1.55)	(0.70)	(0.68)	(1.02)	(1.28)	(0.09)
Interest Coverage Full definition →	(64.16)	(49.42)	(68.84)	(143.13)	(120.02)	(90.39)	(70.60)	(28.60)	(1.91)	(0.26)
ROE Full definition →	(357.52%)	(359.44%)	(71.35%)	(52.91%)	(70.99%)	(140.53%)	(399.43%)	1,083.86%	40.16%	198.30%
ROA Full definition →	(168.65%)	(130.88%)	(51.35%)	(42.00%)	(52.47%)	(66.95%)	(65.40%)	(46.70%)	(5.96%)	(8.26%)
ROIC Full definition →	0.00%	0.00%	(304.22%)	(524.53%)	(335.05%)	(197.10%)	(139.94%)	(116.44%)	(8.81%)	(1.46%)
Return on Tangible Assets Full definition →	(607.82%)	(150.90%)	(48.35%)	(50.94%)	(96.95%)	(106.56%)	(125.33%)	(85.54%)	(10.26%)	(13.08%)
Average Days of Receivables Full definition →	559.34	496.77	304.59	99.72	172.33	150.06	176.44	172.77	199.55	211.09
Research and Development Expense of Revenue Full definition →	8,062.94%	450.42%	180.75%	114.67%	196.91%	151.51%	76.81%	30.80%	11.56%	8.02%
Selling, General and Administrative Expense of Revenue Full definition →	5,397.50%	267.02%	121.16%	87.46%	119.68%	147.47%	134.44%	105.02%	69.64%	66.92%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Share Based Compensation of Revenue Full definition →	2,029.40%	99.26%	43.07%	35.22%	56.66%	54.26%	39.92%	25.86%	8.98%	6.67%
Graham Net Nets Full definition →	(0.05)	0.12	0.19	0.19	0.10	0.03	(0.12)	(0.26)	(0.25)	(0.02)
Graham Number Full definition →	7.57	0.00	0.00	0.00	0.00	0.00	0.00	2.18	0.67	0.00
Earnings Yield Full definition →	(33.96%)	(19.78%)	(9.52%)	(10.64%)	(11.81%)	(24.64%)	(71.19%)	(45.50%)	(5.88%)	(8.88%)
Free Cash Flow Yield Full definition →	(27.00%)	(17.28%)	(10.58%)	(6.85%)	(9.97%)	(22.95%)	(56.13%)	(23.10%)	(10.48%)	(12.83%)
Revenue per Share Full definition →	0.03	0.57	1.06	1.78	0.98	0.88	0.99	0.92	0.95	0.93
Operating CF per Share Full definition →	(3.54)	(3.15)	(2.62)	(1.52)	(2.04)	(2.07)	(1.35)	(0.43)	(0.15)	(0.17)
Capex per Share Full definition →	(0.08)	(0.05)	(0.12)	(0.09)	(0.08)	(0.03)	(0.01)	(0.01)	(0.01)	0.00
Free Cash Flow per Share Full definition →	(3.62)	(3.20)	(2.75)	(1.61)	(2.11)	(2.10)	(1.36)	(0.44)	(0.16)	(0.17)
Cash per Share Full definition →	1.35	3.19	4.54	4.78	2.30	1.60	0.78	0.58	0.39	0.28
Shareholders Equity per Share Full definition →	(0.56)	2.43	5.06	4.94	2.61	0.79	0.12	(0.25)	(0.22)	0.09
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(0.56)	2.43	5.06	4.94	2.61	0.79	0.12	(0.25)	(0.22)	0.09
Free Cash Flow Full definition →	(137.23)	(172.77)	(200.95)	(131.73)	(191.63)	(206.34)	(148.51)	(60.32)	(24.21)	(27.81)
Working Capital Full definition →	23.41	124.89	355.23	382.36	211.69	183.37	123.08	109.09	117.56	141.97
Capital Expenditures Full definition →	(3.13)	(2.47)	(9.15)	(7.15)	(6.81)	(2.99)	(1.60)	(1.53)	(1.68)	(0.22)
Net Current Asset Value Full definition →	(26.59)	124.89	355.23	370.12	197.13	26.29	(31.94)	(67.70)	(57.78)	(3.48)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	2.45	0.08	0.12	0.05	0.08	0.03	0.01	0.01	0.01	0.00
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	0.41	0.34	(0.07)	(0.03)	0.19	0.18	0.11	0.07	0.09	0.19
Cash ROIC Full definition →	(171.78%)	(56.92%)	(28.60%)	(16.32%)	(41.70%)	(53.70%)	(59.95%)	(27.40%)	(12.08%)	(13.79%)
Accounts Receivable Turnover Full definition →	1.24	1.40	1.45	2.79	2.17	2.23	2.46	2.26	2.08	1.84
Accounts Payable Turnover Full definition →	0.01	0.36	1.54	6.28	22.05	21.27	15.62	20.14	5.17	3.99
Inventory Turnover Full definition →	0.00	0.59	1.12	1.93	1.08	1.02	1.07	1.35	0.81	0.57
Average Days of Payables Full definition →	71,060.29	1,493.17	223.72	16.34	5.30	30.16	21.45	18.16	110.58	79.40
Days of Inventory on Hand Full definition →	55,688.57	804.15	517.84	147.90	422.65	383.73	363.00	236.08	502.05	818.74
Average Receivables Full definition →	1.04	21.92	53.26	52.27	40.86	38.67	43.77	56.09	69.51	84.23
Average Payables Full definition →	5.06	12.79	17.82	9.81	1.64	2.16	3.51	3.23	7.47	10.35
Average Inventory Full definition →	7.72	7.72	24.57	32.00	33.44	45.14	51.48	48.34	47.64	72.95
Average Assets Full definition →	102.66	150.89	348.24	487.48	433.17	329.63	278.33	236.73	227.83	244.51
Average Common Equity Full definition →	48.43	54.94	250.65	387.00	320.16	157.03	45.57	(10.20)	(33.81)	(10.18)

Fold the line items

Columns are period end dates

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