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

Fold the line items

Columns are period end dates

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